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Author: JTchart Big gold star, 5000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 551  
Subject: Big Disappointment Date: 10/26/2005 12:01 PM
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FLEX shares plunged today on weak earnings and revenue trends. Here is a summary article:

Stiff Arm for Flextronics

By Ronna Abramson
TheStreet.com Staff Reporter
10/26/2005 11:52 AM EDT

Flextronics (FLEX:Nasdaq) continued its downward spiral Wednesday as one analyst downgraded the stock after the company posted disappointing earnings and guidance.

Flextronics blamed the divestiture of two of its divisions plus the loss of business of two handset customers for the weak second quarter. But the company also noted across-the-board softness among customers that first surfaced in July. Still, company executives said they expect "good growth" to resume in the March quarter and accelerate through calendar 2006.

Investors and analysts focused on the disappointing shorter-term outlook and latest results, punishing shares with a $2.95, or 24.4%, drop to $9.15 in recent trading.

In research notes Wednesday and on a postclose conference call Tuesday, analysts expressed palpable irritation at the company's results and guidance.


http://tinyurl.com/cwyb9

JT
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