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Flextronics
Flextronics Provides Business Update Following Nortel Announcement
February 1st, 2009
Flextronics (NASDAQ:FLEX) today provided a business update as a result of Nortel Networks Corporation's (NYSE/TSX: NT) announced bankruptcy protection filing. Flextronics will provide more specific financial details associated with today's news on its previously scheduled third quarter earnings call on Wednesday, January 28, 2009 at 2:00 p.m. PST. Flextronics has been proactively engaged in executing a risk mitigation plan with respect to its relationship with Nortel for a period of several months. In December 2008, Flextronics engaged The Blackstone Group as its financial advisor to assist with evaluating the Nortel relationship and planning for any Nortel...
Source: Pharma Investments, Ventures & Law Weekly (2009-02-01)
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