-----BEGIN PRIVACY-ENHANCED MESSAGE-----
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<SEC-DOCUMENT>0000891836-98-000757.txt : 19981222
<SEC-HEADER>0000891836-98-000757.hdr.sgml : 19981222
ACCESSION NUMBER:		0000891836-98-000757
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		19981221
GROUP MEMBERS:		KONINKLIJKE PHILIPS ELECTRONICS
GROUP MEMBERS:		KONINKLIJKE PHILIPS ELECTRONICS NV
GROUP MEMBERS:		OSTERREICHISCHE PHILIPS INDUSTRIE GMBH
GROUP MEMBERS:		PHILIPS BETEILIGUNGS GMBH

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FLEXTRONICS INTERNATIONAL LTD
		CENTRAL INDEX KEY:			0000866374
		STANDARD INDUSTRIAL CLASSIFICATION:	PRINTED CIRCUIT BOARDS [3672]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		
		SEC FILE NUMBER:	005-46275
		FILM NUMBER:		98773168

	BUSINESS ADDRESS:	
		STREET 1:		BLK 514 CHAI CHEE LANE #04-13
		STREET 2:		BODEK INDUSTRIAL ESTATE REPUBLIC OF SING
		CITY:			SINGAPORE 1646
		STATE:			U0
		BUSINESS PHONE:		0654495255

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FLEX HOLDINGS PTE LTD
		DATE OF NAME CHANGE:	19940201

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KONINKLIJKE PHILIPS ELECTRONICS NV
		CENTRAL INDEX KEY:			0000313216
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600]
		STATE OF INCORPORATION:			P7
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		GROENEVOUDSEWEG 1
		STREET 2:		5621 BA EINDHOVEN
		CITY:			THE NETHERLANDS
		STATE:			P7
		BUSINESS PHONE:		0113140791

	MAIL ADDRESS:	
		STREET 1:		SULLIVAN & CROMWELL 125 BROAD ST
		STREET 2:		C/O W LOEBER LANDAU
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10004

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PHILIPS ELECTRONICS N V
		DATE OF NAME CHANGE:	19930727
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<DESCRIPTION>AMENDMENT NO. 1 TO SCHEDULE 13D
<TEXT>

                                  United States
                         Securities Exchange Commission
                             Washington, D.C. 20549

- --------------------------------------------------------------------------------

                                 Schedule 13D/A
                                 (Rule 13d-101)

           INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
                   RULE 13d-1(a) AND AMENDMENTS THERETO FILED
                            PURSUANT TO RULE 13d-2(a)

                                (Amendment No. 1)

                         Flextronics International Ltd.
                                (Name of Issuer)

                                 Ordinary Shares
                         (Title of Class of Securities)

                                    Y2573F102
              -----------------------------------------------------
                                 (CUSIP Number)

                              Richard C. Morrissey
                               Sullivan & Cromwell
                               9a Ironmonger Lane
                             London EC2V 8EY England
                         Telephone: 011-44-171-710-6500
                  --------------------------------------------
           (Name, Address and Telephone Number of Person Authorized to
                       Receive Notices and Communications)

                                    Copy to:

                                  James Bartos
                               Shearman & Sterling
                                 199 Bishopsgate
                             London EC2M 3TY England
                         Telephone: 011-44-171-920-9020

                                December 10, 1998
                  --------------------------------------------
             (Date of Event which Requires Filing of this Statement)





<PAGE>



If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
statement because of Rule 13d-1(b)(3) or (4), check the following [ ].

Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 (the "Act") or otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act (however, see the
Notes).
                         (Continued on following pages)

<PAGE>

- ---------------------
CUSIP NO.            
- ---------------------
- --------------------------------------------------------------------------------
 1.  NAME OF REPORTING PERSON

     Koninklijke Philips Electronics N.V.
- --------------------------------------------------------------------------------
 2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP              (a)  [X]
                                                                   (b)  [ ]

- --------------------------------------------------------------------------------
 3.  SEC USE ONLY
- --------------------------------------------------------------------------------
 4.  SOURCE OF FUNDS

     WC
- --------------------------------------------------------------------------------
 5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO 
     ITEM 2(d) OR 2(e)
                                                                        [  ]
- --------------------------------------------------------------------------------
 6.  CITIZENSHIP OR PLACE OF ORGANIZATION

     The Netherlands
- --------------------------------------------------------------------------------
                           7.  SOLE VOTING POWER
  NUMBER OF                    0
    SHARES                 -----------------------------------------------------
BENEFICIALLY               8.  SHARED VOTING POWER
  OWNED BY                     97,600
    EACH                   -----------------------------------------------------
 REPORTING                 9.  SOLE DISPOSITIVE POWER
   PERSON                      0
    WITH                   -----------------------------------------------------
                           10. SHARED DISPOSITIVE POWER
                               97,600
- --------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     97,600
- --------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

                                                     [  ]
- --------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     0.5%
- --------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON

     CO
- --------------------------------------------------------------------------------


<PAGE>
- ---------------------
CUSIP NO.            
- ---------------------
- --------------------------------------------------------------------------------
 1.  NAME OF REPORTING PERSON

     Osterreichische Philips Industrie GmbH
- --------------------------------------------------------------------------------
 2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP              (a)  [X]
                                                                   (b)  [ ]

- --------------------------------------------------------------------------------
 3.  SEC USE ONLY
- --------------------------------------------------------------------------------
 4.  SOURCE OF FUNDS

     WC
- --------------------------------------------------------------------------------
 5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO 
     ITEM 2(d) OR 2(e)
                                                                        [  ]
- --------------------------------------------------------------------------------
 6.  CITIZENSHIP OR PLACE OF ORGANIZATION

     Austria
- --------------------------------------------------------------------------------
                           7.  SOLE VOTING POWER
  NUMBER OF                    0
    SHARES                 -----------------------------------------------------
BENEFICIALLY               8.  SHARED VOTING POWER
  OWNED BY                     73,877
    EACH                   -----------------------------------------------------
 REPORTING                 9.  SOLE DISPOSITIVE POWER
   PERSON                      0
    WITH                   -----------------------------------------------------
                           10. SHARED DISPOSITIVE POWER
                               73,877
- --------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     73,877
- --------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

                                                     [  ]
- --------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     0.4%
- --------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON

     CO
- --------------------------------------------------------------------------------


<PAGE>
- ---------------------
CUSIP NO.            
- ---------------------
- --------------------------------------------------------------------------------
 1.  NAME OF REPORTING PERSON

     Philips Beteiligungs GmbH
- --------------------------------------------------------------------------------
 2.  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP              (a)  [X]
                                                                   (b)  [ ]

- --------------------------------------------------------------------------------
 3.  SEC USE ONLY
- --------------------------------------------------------------------------------
 4.  SOURCE OF FUNDS

     WC
- --------------------------------------------------------------------------------
 5.  CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO 
     ITEM 2(d) OR 2(e)
                                                                        [  ]
- --------------------------------------------------------------------------------
 6.  CITIZENSHIP OR PLACE OF ORGANIZATION

     Austria
- --------------------------------------------------------------------------------
                           7.  SOLE VOTING POWER
  NUMBER OF                    0
    SHARES                 -----------------------------------------------------
BENEFICIALLY               8.  SHARED VOTING POWER
  OWNED BY                     23,723
    EACH                   -----------------------------------------------------
 REPORTING                 9.  SOLE DISPOSITIVE POWER
   PERSON                      0
    WITH                   -----------------------------------------------------
                           10. SHARED DISPOSITIVE POWER
                               23,723
- --------------------------------------------------------------------------------
11.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     23,723
- --------------------------------------------------------------------------------
12.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

                                                     [  ]
- --------------------------------------------------------------------------------
13.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

     0.1%
- --------------------------------------------------------------------------------
14.  TYPE OF REPORTING PERSON

     CO
- --------------------------------------------------------------------------------


<PAGE>



Item 1. Security and Issuer

         The class of equity securities to which this Statement on Schedule 13D
relates is the Ordinary Shares, par value $0.01 per share (the "Securities"), of
Flextronics International Ltd. (the "Issuer"), a Singapore corporation with its
principal executive offices located at 514 Chai Chee Lane # 04-13, Bedok
Industrial Estate, Singapore 469029.

Item 2. Identity and Background

         All references to Philips Electronics N.V. ("PENV") should now be read
as Koninklijke Philips Electronics N.V. ("KPENV") in order to reflect the
Company's name change since the November 18, 1997 filing of its Statement on
Schedule 13D.

Item 4. Purpose of Transaction

         On December 7, 1998, the Issuer, Osterreichische Philips Industrie GmbH
("Philips I") and Philips Beteiligungs GmbH ("Philips II") entered into an
underwriting agreement (the "Underwriting Agreement") with NationsBanc
Montgomery Securities LLC, pursuant to which Philips I sold 757,248 Ordinary
Shares and Philips II sold 243,152 Ordinary Shares. Under the terms of the
Underwriting Agreement, the purchase price for the Ordinary Shares sold by
Philips I and Philips II was $72.00.

Item 5. Interest in Securities of the Issuer

         KPENV, Philips I and Philips II (collectively, the "Reporting Persons")
beneficially own 97,600 Issuer Ordinary Shares. By virtue of the fact that
Philips I and Philips II are each wholly owned subsidiaries of KPENV, KPENV and
Philips I may be deemed to share voting and dispositive power over the 73,877
Ordinary Shares beneficially owned by Philips I, and KPENV and Philips II may be
deemed to share voting and dispositive power over the 23,723 Ordinary Shares
beneficially owned by Philips II. The 97,600 Ordinary Shares owned by the
Reporting Persons constitute less than 1% of the issued and outstanding Ordinary
Shares.

Item 7. Material to be Filed as Exhibits


1.   The Underwriting Agreement incorporated herein by reference to Exhibit 1.1
     to the Form 8-K filed by the Issuer and dated December 7, 1998. SEC File #:
     000-23354

2.   Power of Attorney, dated December 9, 1998, authorizing J.M.L.M. Ingen Housz
     to sign on behalf of Dr. Michael Breitegger, as a member of the Board of
     Management of Philips I

3.   Power of Attorney, dated December 9, 1998, authorizing J.M.L.M. Ingen Housz
     to sign on behalf of Dr. Michael Breitegger, as a member of the Board of
     Management of Philips II

<PAGE>



                                   SIGNATURES

         After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.


December 18, 1998                         Koninklijke Philips Electronics N.V.

                                          By:  /s/ A. Westerlaken
                                             -----------------------------------
                                             Name:  A. Westerlaken
                                             Title: General Secretary


                                          Osterreichische Philips Industrie GmbH

                                          By:  /s/ J.M.L.M. Ingen Housz
                                             -----------------------------------
                                             Name:  J.M.L.M. Ingen Housz
                                             Title: Director Philips Corporate
                                                    Treasury


                                          Philips Beteiligungs GmbH

                                          By:  /s/ J.M.L.M. Ingen Housz
                                             -----------------------------------
                                             Name:  J.M.L.M. Ingen Housz
                                             Title: Director Philips Corporate
                                                    Treasury






<PAGE>



                                  EXHIBIT INDEX


Exhibit       Description
- -------       -----------

1.            The Underwriting Agreement incorporated herein by reference to
              Exhibit 1.1 to the Form 8-K filed by the Issuer and dated December
              7, 1998. SEC File #: 00023354

2.            Power of Attorney, dated December 9, 1998, authorizing J.M.L.M.
              Ingen Housz to sign on behalf of Dr. Michael Breitegger, as a
              member of the Board of Management of Philips I

3.            Power of Attorney, dated December 9, 1998, authorizing J.M.L.M.
              Ingen Housz to sign on behalf of Dr. Michael Breitegger, as a
              member of the Board of Management of Philips II



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24.1
<SEQUENCE>2
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>

                                POWER OF ATTORNEY


The undersigned,  Dr. Michael  Breitegger,  member of the Board of Management of
Osterreichische  Philips Industrie GmbH,  ("Philips"),  and Mr. Ernst Strebinger
general  secretary  and  "Prokurist"  of  Philips,   in  such  capacity  jointly
authorised to represent Philips at law or otherwise,  herewith  authorise,  with
the right of substitution,

                             Mr. P.J.W.M. Warmerdam

                                       and

                            Mr. J.M.L.M. Ingen Housz

                 (both directors of Philips Corporate Treasury)

                                       and

                                Mr. D.C. Walkovik

                         (Lawyer at Sullivan & Cromwell)

each  acting  individually,  to sign  any  document  on  behalf  of  Philips  in
connection  with the sale,  transfer,  or other disposal (in full or in part) of
831,125 shares of Flextronics  International  Ltd. and to do or cause to be done
all such acts and things as are deemed  necessary  or  advisable  in  connection
herewith.

This power of attorney is valid until December 31, 1998.

Vienna, December 9, 1998



Osterreichische Philips Industrie GmbH



/s/ Michael Breitegger                        /s/ E. Strebinger
- ------------------------------                ---------------------------------
Mr. Michael Breitegger                        Mr. E. Strebinger


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24.2
<SEQUENCE>3
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>

                                POWER OF ATTORNEY


The undersigned,  Dr. Michael  Breitegger,  member of the Board of Management of
Philips  Beteiligungs  GmbH,  ("Philips"),  and  Mr.  Ernst  Strebinger  general
secretary and  "Prokurist" of Philips,  in such capacity  jointly  authorised to
represent  Philips at law or otherwise,  herewith  authorise,  with the right of
substitution,

                             Mr. P.J.W.M. Warmerdam

                                       and

                            Mr. J.M.L.M. Ingen Housz

                 (both directors of Philips Corporate Treasury)

                                       and

                                Mr. D.C. Walkovik

                         (Lawyer at Sullivan & Cromwell)

each  acting  individually,  to sign  any  document  on  behalf  of  Philips  in
connection  with the sale,  transfer,  or other disposal (in full or in part) of
266,875 shares of Flextronics  International  Ltd. and to do or cause to be done
all such acts and things as are deemed  necessary  or  advisable  in  connection
herewith.

This power of attorney is valid until December 31, 1998.

Vienna, December 9, 1998



Philips Beteiligungs GmbH



/s/ Michael Breitegger                      /s/ E. Strebinger
- -------------------------------             -------------------------------
Mr. Michael Breitegger                      Mr. E. Strebinger


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
