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Technology Stocks : Flextronics International (FLEX) -- Ignore unavailable to you. Want to Upgrade?

To: John Morelli who wrote (674)	5/26/1998 3:18:00 PM
From: kolo55	Respond to of 1422

News release on the shelf registration. I sent the following e-mail to a thread participant last week: Checking the SEC filings, there were two S-1s filed on Dec 16 and Feb 19, and the selling shareholders are the same. Both were for 3.288 M shares. I'm guessing the latest S-1 for 4.2M shares is the same shareholders, plus a few more. If you read the fine print, the company is paying the filing fee and other costs of filing. I suspect, as part of the acquisitions, the company has committed to keep filings current with the SEC allowing the 'selling shareholders' to sell their shares at any time. The actual sales will occur at the discretion of the selling shareholders, and could be tomorrow, or could be next year. I will confirm with FLEXF IR; I have a call in now. Then late Friday we got this news release: Friday May 22, 3:39 pm Eastern Time Company Press Release SOURCE: Flextronics International Ltd. Flextronics Announces Filing of 'Shelf' Registration Statement SAN JOSE, Calif., May 22 /PRNewswire/ -- Flextronics International Ltd. (Nasdaq: FLEXF - news), a global full-service supplier of innovative design, engineering and electronics manufacturing solutions, today announced that on May 21, 1998, it filed a ''shelf'' registration statement (S1) with the Securities and Exchange Commission. The S1 registered the resale, from time-to-time, of up to 934,208 Ordinary Shares issued by Flextronics in connection with the March 1998 acquisition of Altatron, Inc. and Conexao Informatica Ltda. These shares are subject to the normal ''lockup'' provisions of a Pooling of Interests merger, which prohibits their sale until the publication of at least one month's combined financial results. The filing also includes 3,288,459 previously registered shares issued in acquisitions in Fiscal 1998. Most of these previously registered shares have been publicly tradeable since late January 1998, subject to the normal trading restrictions. These shares were issued in connection with the October 1997 acquisition of Neutronics Electronics Industries Holding AG, and the December 1997 acquisitions of Energipilot AB and DTM Products, Inc. In connection with these acquisitions, Flextronics had agreed to register all of the Ordinary Shares issued, to permit the public resale of any of the registered shares if and when the holder so desires, subject to certain restrictions. However, Flextronics is not aware of any present intention on the part of any holders of the registered shares to resell any material number of such shares in the near term. Paul