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 appoints Michael Mendenhall as Chief Marketing Officer Flextronics (FLEX) announced that Michael Mendenhall has been appointed to lead the Company's worldwide marketing, branding and communications initiatives. Mendenhall most recently served as the Executive Vice President and Chief Marketing and Communications Officer for Fusion-io. In this role, he was responsible for repositioning the Company's brand and products and played a key role in its successful acquisition by SanDisk (SNDK). Previously, he served as Senior Vice President and Chief Marketing Officer for HP (HPQ) and directed all aspects of corporate marketing operations globally.