Tag Archives: Sanmina-SCI

EMS Q3: Cloudy, with a Chance of Pitfalls

Checking our pool of 30 or so publicly traded EMS companies that have thus far reported third-quarter earnings, we see an industry that is decidedly mixed. Exactly half of those in our pool reported net income rose over last year. … Continue reading

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Fall of Milan

Those familiar with their Sanmina-SCI history might recall the name Milan Mandari?. Mandari? cofounded the firm along with Jure Sola in 1980. Sola, of course, remains in charge. For his part, Mandari? moved to England, bought a soccer team, and … Continue reading

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Thai Floods’ Hidden Asset

In a perverse way, the flooding in Thailand might have a hidden benefit — it could help boost pricing in a way the market otherwise would never allow. Seagate today said as much in an SEC 8-k filing. The HDD … Continue reading

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The Countdown Continues: Nos. 36-40

The NTI 100 countdown of the largest printed circuit board fabricators continues: 36. DYnamic37. Ellington38. Sanmina-SCI39. 3CEMS40. MGC Group

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Summer Doldrums

Is it cyclicality, or … ? Many reports, anecdotal and evidentiary, point to a general slowing in PCB production and sales over the past quarter. The July PMI, a broad-based manufacturing index, remains positive but is at its lowest mark … Continue reading

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LaSurprise

I’m one of those who didn’t see the possible acquisition of LaBarge by a non-EMS firm. In fact, I thought either LaBarge would continue to buy other, smaller EMS firms (I’ve heard of its interest in some deals that were … Continue reading

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Good Times, Bad Times

Major printed circuit board fabricators are beginning to report their quarterly earnings, and the figures give some reason for concern. By all accounts, 2010 was a banner year for PCBs in all regions. Sales were up 34% year-over-year in Germany … Continue reading

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Predictions, Revisited

In mid July, I made five predictions for the second half of this year. Here’s how I fared: Prediction 1. All of 2009’s 10 largest EMS companies – Foxconn, Flextronics, Jabil, Celestica Sanmina, Cal-Comp, Elcoteq, Venture, Benchmark and Plexus – … Continue reading

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Sola Lonely

Sanmina-SCI’s model hasn’t been, shall we say, ideal over the years. The company, which pre-2000 was considered one of the best-run PWB and EMS companies around, got caught up in the M&A fever, buying SCI and Hadco, and since has … Continue reading

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CEOs: Not Much EMS M&A Expected

Earnings announcements came out this week for Flextronics, Sanmina-SCI, CTS, Celestica, Key Tronic, IEC and a few others. I’ve been listening to the quarterly analyst briefings, and it would *appear* that most of the major EMS companies don’t plan any … Continue reading

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