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News Breaks
December 21, 2012
11:39 EDTFLEXFlextronics to likely lay off 600 Israeli workers, Globes reports
Electronics components maker Flextronics (FLEX) will probably lay off about 600 of its production workers at its factory in southern Israel, according to Globes. Flextronics will issue the pink slips because it hasn't been able to obtain a guarantee or credit insurance for its business with Israeli telecom equipment maker ECI, the publication explained. Reference Link
News For FLEX From The Last 14 Days
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April 20, 2015
18:05 EDTFLEXElectronic manufacturing stocks under pressure after Sanmina Q3 results
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April 15, 2015
07:51 EDTFLEXFlextronics 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
April 7, 2015
09:19 EDTFLEXFlextronics to manufacture solar modules for SunEdison
Flextronics (FLEX) announced that it has been selected to partner with SunEdison (SUNE) to manufacture its solar modules—this time, in Mexico. SunEdison is the world's largest renewable energy development company and these solar modules will be primarily used in the USA for residential, utility and commercial photovoltaic projects. Flextronics will begin the full volume manufacturing in the Q1 of FY15 at its center of excellence for solar module manufacturing facility in Ciudad Juarez, Mexico.
06:31 EDTFLEXCiti sees currency driving guidance cuts in technology supply chain
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