FLEX - Sector: Technology---Industry: Semiconductors

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Profile:  

 
Flextronics International Ltd.
One Marina Boulevard
Suite 28-00
Singapore,  018989
Singapore - Map
Phone: 65 6890 7188
Web Site: http://www.flextronics.com

DETAILS  
Index Membership: Nasdaq 100
Sector: Technology
Industry: Printed Circuit Boards
Full Time Employees: 162,000


BUSINESS SUMMARY  
Flextronics International, Ltd. provides design and electronics manufacturing services to original equipment manufacturers of a range of products in infrastructure; mobile communication devices; computing; consumer digital devices; industrial, semiconductor, and white goods; automotive, marine, and aerospace; and medical devices markets. Its services include printed circuit board (PCB) and flexible circuit fabrication; and systems assembly and manufacturing, including enclosures, testing services, materials procurement, and inventory management. The company also offers design and engineering services comprising user interface and industrial design, mechanical engineering and tooling design, electronic system design, and PCB design; and components solutions consisting camera modules, power supplies, antennas, and radio frequency modules, as well as thin film transistor display modules for mobile phones, MP3 players, industrial and commercial products, and digital cameras. In addition, Flextronics International provides logistics services, such as freight forwarding, warehousing/inventory management, and outbound/e-commerce solutions; and after-sales services, including product repair, remanufacturing and maintenance at repair depots, logistics and parts management, returns processing, warehousing, and engineering change management. It offers its services in the Americas, Asia, and Europe. The company was founded in 1990 and is based in Singapore, Singapore.

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FLEX - Momentum.......

The Company is a global provider of vertically-integrated advanced design and electronics manufacturing services to original equipment manufacturers.



52wk Range: 1.23 - 11.23
Volume: 15,870,726
Avg Vol (3m): 9,219,020

Technicals
Most Actives

Last Price Quote is:
17.63%above 13-day MA
24.04%above 50-day MA
RS Rating: 90 

Fundamentals
Key Data:
Market Cap (M): $2,372.00 
P/E Ratio: 12.71 
PEG Ratio: 0.564417 
Next Earnings: 04/29/2009
Last Analyst Rating: Buy

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Taiwan's Asia Optical, Flextronics in Hong Kong JV

Taiwan's digital camera equipment maker Asia Optical (3019.TW) said on Monday it will set up a Hong Kong joint venture with Singapore's electronics maker Flextronics (FLEX.O) to manufacture digital cameras.

Analysts said the move will help digital camera makers cut costs during a global downturn and as margins in such cameras shrink due to market competition.

Asia Optical did not reveal the size of the joint venture, but said in a brief statement the new company would manufacture digital cameras on behalf of clients in the Japanese, Taiwanese and Chinese markets.

Flextronics was not immediately available for comment.

Flextronics said earlier this month it would cut jobs and close facilities to cope with a weaker global economy, and expects to save between $220 million and $250 million through the restructuring plan. [ID:nN10542142]

Major electronic brands typically do their design in-house, but outsource the labour-intensive manufacturing work to original equipment manufacturers (OEMs) such as Flextronics and Hon Hai (2317.TW).

By 0348 GMT, shares of Asia Optical were up 5.53 percent, outpacing the benchmark TAIEX share index's 2.68 percent advance. (Reporting by Roger Tung; Writing by Kelvin Soh, Editing by Jacqueline Wong)