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

To: kolo55 who wrote (797)	9/21/1998 1:05:00 AM
From: kolo55	Read Replies (1) \| Respond to of 1422

Comments from The Street.com on Flextronics No Respect at All Robert Dykes is doing a mean Rodney Dangerfield impersonation these days. His electronics components manufacturing company, Flextronics International (Nasdaq:FLEXF - news) doesn't get any respect. Other tech companies might be hurt by an Asian downfall, but Asia's problems are profits to him since 20% of the company's manufacturing costs and only 7% of its revenues come from Asia. "Asian currency weaknesses are a positive for us, they lower our costs," he says. As far as Dykes sees it, panicking investors are ignoring some beautiful numbers: Revenues have risen 56% per year for the past three years, and earnings per share have risen 31% per year. Also, revenue for the quarter ended June 30 matched the 56% growth rate of the previous year's quarter. One fund manager speculated that the contract manufacturing is just too dull to attract the close inspection needed to see how healthy Flextronics is. But the Dangerfield syndrome is tough to shake. Maybe it wasn't a coincidence that Montgomery assigned the company at lunch to Table #13. c 1998 TheStreet.com, All Rights Reserved.