| CalPERS Opposes Reelection of Sanmina Board Members |
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| Friday, 25 January 2008 07:23 | |||
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SACRAMENTO – One of the larger institutional shareholders of Sanmina-SCI is opposing the reelection of seven of its directors. The California Public Employees' Retirement System claims Sanmina-SCI has not resolved issues with regard to its stock performance and the board's corporate governance practices. CalPERS owns 2.1 million of Sanmina’s shares. The largest holder of Sanmina-SCI stock is AXA, with some 61 million shares as of Sept. 30. "Sanmina has been unresponsive to our placing the company on our '2007 Focus List' for underperformance," said Russell Read, CalPERS chief investment officer. "Its stock price continues to decline and trail its industry peers. The board's failed acquisition strategy has destroyed a substantial amount of shareowner value." Votes will be refused for Neil Bonke, Alain Couder, Mario Rosati, Gene Sapp, Wayne Shortridge, Jure Sola and Jacqueline Ward at the company's annual meeting Monday. Sola is chairman and CEO of Sanmina-SCI. Sapp is the former head of SCI, whose acquisition Sanmina is still grappling with.
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| Last Updated on Friday, 25 January 2008 07:24 |
Columns
| Semblant Warms to New Fluoroolymer Conformal Coating |
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Months after hinting at a new conformal coating during a paper session at SMTA International, Semblant has officially launched PlasmaShield. CIRCUITS ASSEMBLY editor in chief Mike Buetow spoke with vice president of worldwide sales and marketing Steve McClure last week. |
| Read more... |
| ECTC in Las Vegas |
What happens in Las Vegas at ECTC, doesn’t stay in Las Vegas, it is shared here. This year’s ECTC, or electronics components technology conference, was held in Las Vegas’ Cosmopolitan, May 28-31. |
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Features
| The Impact of Reel Splicing Kits on Setup and Changeover |
Traditional feeder setup using tape-and-reel can drain time. There’s a quick and better way. |
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| Standard Solar Cells vs. Next-Gen Cells: Which is Winning? |
Overcapacity is stalling the rate of improvement, but only for so long. |
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GÖPEL Upgrades TOM AOI for Conformal Coatings
TOM system (Teachable Optical Measurement) inline AOI has been enhanced for inspection of conformal coating Maximum PCB size 460 x 400mm. Can be adjusted to specific test requirements. Range of...
TOM system (Teachable Optical Measurement) inline AOI has been enhanced for inspection of conformal coating Maximum PCB size 460 x 400mm. Can be adjusted to specific test requirements. Range of...
