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

ation of redundant assets and reducing excess workforce and

capacity, were intended to optimize the Company's operational

efficiency post acquisition.

In addition to the restructuring, integration and other costs

described above, the Company also recognized $10.7 million in

restructuring charges for employee termination costs in Europe during

the nine-month period ended December 31, 2007.

During the nine-month period ended December 31, 2006, the Company

recognized restructuring and other charges related to the impairment,

lease termination, exit costs and other charges primarily related to

the disposal and exit of certain real estate owned and leased by the

Company in order to reduce its investment in property, plant and

equipment.

(3) During the three and nine-month periods ended December 31, 2007, the

Company recognized other-than-temporary impairment and related

charges on certain of its non-core investments, primarily resulting

from a divestiture of a certain investment for which the Company

expects to receive approximately $57.4 million in cash proceeds

during the quarter ended March 31, 2008.

(4) During the nine-month period ended December 31, 2007, the Company

recognized net foreign exchange gains in connection with the

divestiture of a certain international entity.

(5) During the nine-month period ended December 31, 2006, the Company

recognized a pretax gain associated with the divestiture of the

Company's Software Development and Solutions business in September

2006.

(6) The Company recognized non-cash tax expense of $661.3 million during

the three and nine-month periods ended December 31, 2007 principally

resulting from the Company's re-evaluation of previously r
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SOURCE Flextronics
Copyright©2008 PR Newswire.
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