Magi Astrology--Financial Astrology

FINANCIAL ASTROLOGY

First Trade Date for Flextronics International Ltd.

Company Name	First Trade Date (yyyy-mm-dd)
Flextronics International Ltd.	1994-03-18

Company Name	Symbol
Flextronics International Ltd.	FLEX
History and Business of Company (this information may include date of incorporation)
Capitalizing on a growing trend for original equipment manufacturers (OEMs) to outsource production of their products, Flextronics International Ltd. (FLEX) has been growing rapidly. Through a combination of internal growth and acquisitions, it has become one of the world's largest providers of electronic manufacturing services, with FY 00 (Mar.) pro forma revenues of $5.7 billion (including DII Group, which was acquired in April 2000). FLEX provides services to OEMs in the telecom, networking, computer, consumer electronics, and medical industries. The company provides a wide range of integrated services, from initial product design to volume production and fulfillment. Manufacturing services range from printed circuit board (PCB) fabrication and assembly to full product assembly and testing. FLEX believes it has strengths in interconnect, miniaturization, and packaging technologies. In addition, it provides engineering services, including design, PCB layout, quick-turn prototyping and test development, and also provides logistics services, including materials procurement, inventory management, packaging and distribution. FLEX believes its size, global presence, and expertise enable it to win large outsourced manufacturing programs from leading multinational OEMs. An OEM working with the company can achieve accelerated time-to-market and time-to-volume production, as well as reduced total production costs. By working closely with customers through the design, manufacturing and distribution process, FLEX believes it becomes an integral part of customer operations. Customers include industry leaders such as Alcatel, Nortel Networks, Cisco, Compaq, Ericsson, Hewlett-Packard, Microsoft, Nokia, Phillips, Sony, and 3Com. In FY 00, the five largest customers accounted for 54% of net sales, down from 62% in FY 99. Phillips, Ericsson and Cisco accounted respectively for 15%, 13% and 10% of FY 00 net sales. The company operates 61 manufacturing centers worldwide, with about 11.2 million square feet of capacity. In recent years, FLEX has increased overall capacity substantially. FLEX has been active on the acquisition front. In addition to DII, a contract manufacturer with 1999 revenues of $1.3 billion, the company has announced agreements to acquire JIT Holdings, ($562 million in revenues in FY 00) and Chatham Technologies. In May 2000, FLEX announced a complex agreement with Motorola under which Motorola will outsource $30 billion in revenues over the next five years, and will purchase an equity instrument convertible into FLEX shares. INCORPORATED in Singapore May 31, 1990, as Flex Holdings Pte. Ltd. to acquire the Asian and U.S. operations of Flextronics, Inc. (predecessor). Present title was adopted Feb. 28, 1994. Predecessor had been involved in contract manufacturing operations in Singapore since 1982, Hong Kong since 1983 and the People's Republic of China since 1987. March 1, 1994, acquired Relevant Industries, Inc. for 600,000 Ordinary shares. In January 1995, acquired nCHIP, Inc. for 2,104,602 Ordinary shares. OFFICE- 11 Ubi Road 1, Singapore, Singapore 408723 (Tel.: (64) 844 3366).WEBSITE- http://www.flextronics.com. U.S. OFFICE- 2090 Fortune Dr., San Jose, CA 95131 (Tel.:408-576-7000).

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