Flextronics (Nasdaq:FLEX), Molex (Nasdaq:MOLX), Tyco (NYSE:TEL) Most Exposed to Consumers

With a weak consumer market, in the EMS & Connector universe of Ticonderoga, they see Flextronics (Nasdaq:FLEX)(Sell)(40% of 3QCY10 sales), Molex (Nasdaq:MOLX)(Neutral)(50%) and Tyco Electronics (NYSE:TEL) as the most exposed to the segment.

They said about Dell, (Nasdaq:DELL) "A Weak Consumer, But Dell Still Hopeful on the Enterprise. Dell highlighted weakness in the consumer market (19% of 3Q sales), yet remains optimistic on the enterprise PC refresh cycle. Dell also highlighted weakness in the public sector in Europe. For product categories in 3QFY11, mobility (or notebook; 32% of sales) revenue rose 3% sequentially, desktop PC (24%) revenue fell by 6%, servers & networking (12%) dropped 2% and storage (4%) fell by 13%."

Flextronics closed Friday at $7.10, dropping $0.02, or 0.28 percent. Moex Inc. was at $20.69, falling $0.16, or 0.77 percent. Tyco ended the Friday session at $31.97, gaining $0.29, or 0.92 percent. Dell was at $13.90, rising by $0.23, or 1.68 percent.