The company has weathered the technology slump rel

Investment, he said, considering the riskiness of the video game market. ''You would have to be an aggressive investor to buy it here,'' Mr. Bernstein said. Flextronics may be a more conservative choice. Despite layoffs of about 10,000 employees in late October, or 15 percent of its work force, and a quarterly loss of $330 million, the company has weathered the technology slump relatively well, many analysts said. Because Flextronics makes telecommunications equipment, hand-held computers and a number of other electronic and computer products for a range of major companies, it is not as dependent on Xbox. ''In looking at its business, the Xbox isn't a significant percentage of Flextronics' revenues,'' said Dominic Vignola, an analyst for the Merrill Lynch Global Technology fund. ''But it has the opportunity for a deepening relationship with Microsoft.'' In the last month, Flextronics shares have risen 14 percent, but they are down 22 percent since Jan. 1. Mr. Vignola said Flextronics'
The company has weathered the technology slump rel