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[QUOTE]Originally posted by cashmakers: [QB] I feel sorry about those investor who followed my recommend and in FLEX,it is all my bad. I did a lot of research on FLEX and didn't expect FLEX generated lost last quarter. Like the analyst mentions Flex won a $2 billion contract with Nortel Networks and a more than $1 billion contract with Kyocera Corp. that should boost results heading into calendar year 2006. It has completed the divestiture of two divisions. Flextronics Semiconductor was sold to AMIS Holdings, and 70% of Flextronics Network Services has been merged with Telavie AS, a unit of Altor 2003 Fund. Those two units accounted for about $900 million in annual revenues. FLEX received more than $500 million, and retains a 30% stake in the network services business. These sales will likely have a dilutive impact on earnings in the near term, offset partly by debt paydown and share repurchases. Still, the increased concentration of resources on vertical-integration offerings points to more rapid profit growth over the long term. New customers are likely to support solid top-line gains. Flextronics has added new customers in the server and storage, computer-peripheral, and semiconductor-equipment markets. This business should begin to materially impact revenues next fiscal year (fiscal years end March 31st). Plus, revenues from the industrial and medical industries are growing rapidly. We think FLEX will continue to attract clients in growing markets, thanks to its EMS market leadership and wide range of capabilities. Revenues from Nortel should be about $1 billion this fiscal year. Barring further delays, the transfer of that firm's production operations to FLEX should be completed by April, 2006, and those operations ought to provide more than $2 billion in revenues in fiscal 2006. Remaining payments to Nortel as of June 30, 2005 were around $525 million, and these outlays should be completed by December, 2006. Standard & Poor's Equity Research analyst Richard N. Stice lowered estimates and the price target on Flextronics International (nasdaq: FLEX - news - people ) but reiterated a "buy" rating with target $13-$16. I added 2k position at $9 this morning. Investors always overreact to the earning report. I am looking its future earning not the historical earning. EMS industry is recovering since 2004, as number 1 in the industry, Flex will do good. [/QB][/QUOTE]
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