Flextronics swings to 3Q profit from ...

Flextronics swings to 3Q profit from loss

There are 1 comment on the The News Tribune story from Jan 28, 2010, titled Flextronics swings to 3Q profit from loss. In it, The News Tribune reports that:

Medical laboratory operator Quest Diagnostics Inc. said Monday its profit grew 7 percent in the fourth quarter due to greater use of genetic and specialized tests.

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MicrosoftLost15M

Guangdong, China

#1 Jan 28, 2010
Flextronics is a world leading EMS company. It has a plant located in Zhuhai, China. It is the biggest factory of Flextronics which supply manufacture service to Microsoft XBox 360. From Oct. 2009, internal steal cases happened again and again due to very bad security control. For example, in Nov. 2009, a batch of XBox 360 IC with value about USD500K has been stolen from the store. It is believed that the materails have been sold to black market and be used to manufacture fake XBox 360. The latest case is discovered in Jan. 2010. Totally value USD 15 Million XBox 360 harddisk/DVD Rom was stolen from Flextronics Zhuhai plant. It involved the store supervisor, security guard, transporation company and security staffs. It is an organzied criminal case. They use a truck to steal raw materails out. Two times a day. Totally lost about 60 trucks of materailas. The security guard and Flextronics security staff got bribe of RMB 300k from this case. Some of them have been detained by police. But this huge quantity of materails can't be recovered. More and more fake XBox 360 consoles will be produced very soon.

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