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Multi-Fineline Electronix (MFLX)
Operating not far from Disneyland, this maker of flexible, printed circuit boards for electronic devices allied with Motorola (MOT) in 1990 and has been on a mostly upward thrill ride ever since. Today, Multi-Fineline gets 81% of its revenues from Motorola's cell phone, which has helped nearly triple revenues since 2003 to $357.1 million in fiscal 2005. Profits in that time have grown nine-fold to $37.2 million. The company also provides circuits for IBM's (IBM) data-storage devices, Palm's (PALM) PDAs, and medical equipment from General Electric (GE). Controlled by Singapore-based WBL, Multi-Fineline recently announced it would pay $500 million in stock and cash to buy an Asian competitor, MFS Technology, which is also controlled by WBL.
Company Info |
|
| 2005 Rank | 34 |
| Market Value* ($ Millions) | 1,422.7 |
| Sales* ($ Millions) | 458.8 |
| Sales Growth (3-yr. avg. annual) |
52.0 % |
| Profits* ($ Millions) | 49.7 |
| Profit Growth (3-yr. avg. annual) | 117.4 % |
| Return on Inv. Capital (3-yr.) | 15.5 % |
| Share Price 12-Mo. Hi/Lo | 67/14 |
| Share Price As of 4/28/06 | 58 |
| Return on Equity | 22.3 % |
| P/E Ratio | 30 |
| No. of Employees | 9,367 |
| Industry | Electronic Manufacturing Services |
| CURRENT MARKET INFO | MFLX > |
| COMPANY WEB SITE > | |
| Location | Anaheim, Calif. |
| Phone | 714 238-1488 |
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Multi-Fineline Electronix engages in the engineering, design, and manufacture of flexible printed circuit boards and value-added component assembly solutions for electronics industry. Its products include mobile phone and smart mobile devices, bar code scanners, personal digital assistants, computer-storage products, printed circuits for medical applications, and blood oxygen sensors. The company serves original equipment manufacturers, electronic manufacturing services providers, and display manufacturers in mobile phones, smart mobile devices, portable bar code scanners, personal digital assistants, data storage devices, power supplies, and consumable medical sensor sectors. It sells products through in-house design and application engineers in the U.S. and The company was founded in 1984 and is headquartered in Anaheim, Calif. Multi-Fineline Electronix is 61% owned by WBL Corp.
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