Flextronics network department intends to marry the sale of semiconductor business

EMS (Flextronics) giant Flextronics said recently, after a round of investment business meeting, the company has agreed to Flextronics Networks Services and Telavie A/S with its departments, which is a wholly owned subsidiary of Altor.

In addition, the headquarters is located in Singapore EMS vendors also said that with other companies have talked about the sale of its semiconductor business may design. If Altor, the transaction is successful, Flextronics is expected to get 5.5 to 600 million dollars in cash, but also has 30% Internet companies after the merger of shares.

In March 31st to the end of the fiscal year 2005, Flextronics business restructuring brought $840 million in revenue, net income of the company was $339 million 900 thousand, or $15 billion 900 million in sales situation, earnings per share of 58 cents.

Although from fiscal year 2004 Non Profits rebounded, but still unable to form better Flextronics optimistic. In recent years, Flextronics and other EMS vendors, slashing employees, business restructuring.

April 29, 2005, Flextronics Corp's rival EMS suppliers (Solectron) to reduce Solectron 3500 employees in Europe and North America about reduced 850000 foot building.

For potential asset stripping action, and further optimize the structure in fiscal year 2006 is expected to bring about Flextronics, restructuring costs about $100 million.