01—Abstract
Summary
Summary of the 10-Q/A filed September 7, 2004. Cited figures are marked; the original filing is the authoritative source.
Flextronics International Ltd. filed an amended Form 10-Q for the quarterly period ended June 30, 2004.
The primary purpose of this amendment (10-Q/A) was to refile Exhibit 10.01, the Asset Purchase Agreement with Nortel Networks Limited, with certain previously redacted portions now unredacted at the SEC's request. This filing does not introduce new financial results but rather clarifies terms of a significant asset acquisition. Investors should note that this is an amendment, not a new quarterly report.
The key event disclosed within this amendment relates to the asset purchase agreement with Nortel Networks. While the financial impact of this agreement would have been detailed in the original 10-Q, this amendment focuses on the legal and contractual details of that acquisition, potentially impacting future operational integration and contingent liabilities.
02—Key points
Key Highlights
- Amendment to Form 10-Q filed for the quarter ended June 30, 2004.
- The amendment's sole purpose is to refile Exhibit 10.01, the Asset Purchase Agreement with Nortel Networks Limited.
- Previously redacted portions of the Asset Purchase Agreement have been unredacted at the SEC's request.
- Schedule 2.3(2) has been attached to Exhibit 10.01 as requested by the SEC.
- This filing does not present new financial performance data but clarifies contractual terms of a material acquisition.
- Two amendments to the Credit Agreement dated March 3, 2004, were also listed as exhibits (10.02 and 10.03).
03—Questions
Frequently Asked Questions
What is the main reason for this amended filing (10-Q/A)?
The primary reason for this amended filing is to provide an unredacted version of Exhibit 10.01, the Asset Purchase Agreement between Flextronics International Ltd. and Nortel Networks Limited, along with an additional schedule requested by the SEC. This amendment clarifies contractual terms rather than reporting new financial results.
Does this filing contain updated financial performance for the quarter ended June 30, 2004?
No, this filing is an amendment to a previously submitted 10-Q. It does not contain updated financial performance figures. The original 10-Q filed on August 6, 2004, would have contained the financial results for the quarter ended June 30, 2004.
What is the significance of the Asset Purchase Agreement with Nortel Networks?
The Asset Purchase Agreement signifies a material transaction where Flextronics acquired assets from Nortel Networks. This amendment focuses on the detailed contractual terms of this acquisition, which investors may find important for understanding the integration, potential liabilities, and future operational scope of Flextronics.
Are there any other significant agreements mentioned in this filing?
Yes, the filing also lists amendments (Amendment No. 2) to the company's Credit Agreement dated March 3, 2004. These amendments, detailed in Exhibits 10.02 and 10.03, pertain to the company's financing arrangements.
04—Continue