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Hoax Web Posting Says Jabil Was Out To Buy Flextronics

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Hoax Web Posting Says Jabil Was Out To Buy Flextronics: Late Monday night, a news release popped up online that said the St. Petersburg electronics maker was making an unsolicited bid to take over its much larger rival Flextronics Inc. In the world of electronics, that would be like Coca-Cola trying to buy Pepsi. The release even included an ebullient quote, purportedly from Jabil Chief Executive Officer Tim Main, about the virtues of the deal. Here's the catch. It's not true. It's a hoax. A sophisticated and authentic-looking hoax. "It's bizarre," said Jabil spokeswoman Beth Walters. Jabil isn't trying to buy Flextronics. It is trying to find out who would publish a hoax like that and why. Jabil has dispatched its attorneys to have the fake release removed from the site where it first appeared, PRLog.org.

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