Coinstar sell-off overdone, says Northland Securities Northland Securities thinks that a decline in Coinstar's (CSTR) stock yesterday based on an article indicating that Flextronics (FLEX) will be closing a Redbox kiosk manufacturing plant is overdone. After speaking with Coinstar's management, Northland reports that Coinstar had previously planned to slow its expansion of Redbox kiosks in FY13. The firm maintains an Outperform rating on Coinstar.
Flextronics in advanced talks for part of Chinese jv of Alcatel, Reuters says Flextronics (FLEX) is in advanced talks to acquire the manufacturing unit of Alcatel-Lucent's (ALU) Shanghai Bell joint venture, reported Reuters, citing two people with knowledge of the deal. Nokia (NOK) and Alcatel-Lucent have announced their intention to combine in all-share transaction. Reference Link