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Flextronics Announces Third Quarter Results
Date:1/29/2008

termination, exit costs and other charges primarily related to the

closures and consolidations of various manufacturing facilities.

These costs may vary in size based on the Company's acquisition

and restructuring activities, are not directly related to ongoing

or core business results, and do not reflect expected future

operating expenses. These costs are excluded by the Company's

management in assessing current operating performance and

forecasting its earnings trends, and are therefore excluded by the

Company from its non-GAAP measures.

Intangible amortization consists of non-cash charges that can be

impacted by the timing and magnitude of acquisitions. The Company

considers its operating results without these charges when

evaluating its ongoing performance and forecasting its earnings

trends, and therefore excludes such charges when presenting

non-GAAP financial measures. The Company believes that the

assessment of its operations excluding these costs is relevant to

its assessment of internal operations and comparisons to the

performance of its competitors.

Gains or losses on divestiture of operations relate to discrete

and unusual events associated with the sale of a non-core business

of the Company. These gains or losses can vary significantly in

size and do not reflect expected future operating impacts;

therefore, it is useful to investors to highlight the specific

results of these items on the Company's operating results. The

Company's management excludes these items when evaluating its

ongoing performance and forecasting its earnings trends, and

therefore excludes such charges when presenting
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SOURCE Flextronics
Copyright©2008 PR Newswire.
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