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Flextronics International offers advanced contract manufacturing services of sophisticated electronics for OEMS in the medical, consumer, computer, and communications industries. The company offers a full range of services including printed circuit board (PCB) and multichip module (MCM) design, materials procurement and management, microelectronics packaging fabrication, PCB assembly, final system build, distribution, and warranty repair. Flextronics has nine facilities worldwide, located throughout the U.S., Europe, Singapore, Malaysia, and China.
Q3FY96 results: Net sales of $131.8M, an increase of 106%, compared to $64.0M in Q3FY95. Net income was $5.0M or $.37 per share, versus $.4M or $.04 per share in Q3FY95.
The Manufacturing Market Insider newsletter ranks FLEXF #9 in its list of the Top 25 Contract Manufacturers.
This stock has an EPS rank of 99 and a .38 next quarter estimate. It looks like a good buy having met resistance at 30.5 after a recent correction (down from 39.25). It seems to be a strong company with a lot of upside potential.
Check out Flextronics' nice web page at flextronics.com
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