Key Developments For Flextronics International Ltd.
Flextronics International Ltd. (FLEX.O) (Nasdaq)
Flextronics International Ltd. Issues Q3 2010 Guidance; EPS Guidance Above Analysts' Estimates
Flextronics International Ltd. announced that for third quarter of 2010, it expects revenue to be in the range of $6.0-$6.4 billion and adjusted earnings per share (EPS) to be in the range of $0.14-$0.16 per share. GAAP earnings per share are expected to be lower than the guidance provided herein by approximately $0.07 per diluted share for estimated restructuring activities, quarterly intangible amortization, stock-based compensation expense and non-cash interest expense. According to Reuters Estimates, analysts on an average are expecting the Company to report EPS of $0.13 on revenue of $6.3 billion for the third quarter of 2010.
Flextronics International Ltd. Signs An Agreement To Acquire Slomedical S.R.O
Flextronics International Ltd. announced that it is expanding its medical disposables offering and has signed an agreement to acquire Slomedical S.R.O through a share purchase agreement. Slomedical is a European manufacturer of disposable medical devices ranging from tubing sets to complex devices for minimally-invasive surgery. This deal is expected to close before the end of the calendar year.
Flextronics International Ltd. To Build Wuzhong, Suzhou, China Facility To Support Manufacturing And Research And Development Capabilities For Computing Products
Flextronics International Ltd. announced that it will expand its presence in China through the development of a new facility in Wuzhong. The new facility will support the growing demand for computing products in China and will include a design center and extended manufacturing capabilities in the Wuzhong Export Processing Zone (WEPZ). The design center will be completed by the end of 2009 and the manufacturing facility is expected to be completed by the end of 2010.
Flextronics International Ltd. Announces $255 Million In Cash For Sale Of Equity Investment
Flextronics International Ltd. announced that it has completed the sale of its equity investment and note receivable in Aricent, a privately-held global innovation, technology and services company focused exclusively on communications products and services. The total cash consideration received by Flextronics amounted to $255 million.
LG Electronics Selects Flextronics International Ltd. To Manufacture Assorted LCD TV Products For North and South American Markets
Flextronics International Ltd. announced that it was chosen by LG Electronics (LGE) to manufacture 19, 22, 26, 32, and 37-inch LCD TVs at its Juarez, Mexico facility for distribution to the North and South American markets.
