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Bonds Are a 'Safe' Investment: A Big Lie Gets Even BiggerFlextronics International (NASDAQ: FLEX) provides
design, engineering, manufacturing, distribution and warehousing services to original equipment manufacturers in the automotive, computing, consumer digital, industrial, infrastructure, medical instrumentation and telecommunications industries. Products include printed circuit boards, electromechanical components, electronic subsystems, and complete systems. The company operates from facilities in 35 countries. Customers include Cisco Systems (NASDAQ: CSCO), Hewlett-Packard (NYSE: HPQ) and Microsoft (NASDAQ: MSFT).
The firm pleased investors last week, when it reported fiscal Q3 EPS of 30 cents and revenues of $9.1 billion. Analysts had been expecting 26 cents and $8.6 billion. Management also guided Q4 EPS to 22-24 cents (23 cent consensus) and Q4 revenues to $7.5-$7.9 billion ($7.77B consensus).
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