Flextronics downgraded to Hold from Buy at Stifel Stifel downgraded Flextronics due to concerns regarding Lenovo's pending acquisition of Motorola Mobility, its largest customer. The firm believes the deal could be disruptive to Flextronics' business and notes a complete loss of business would impact earnings by 5c-10c.
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