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Electronics Production | October 18, 2007

Sanmina-SCI continues to struggle

According to Zacks senior technology analyst Steve Biggs, EMS provider Sanmina-SCI struggles on the market continues.
According to Mr. Biggs Sanmina-SCI is currently struggling with an industry-wide weakness as well as internal problems. He said that the internal problems that Sanmina-SCI have are operational issues in its computing business, poor product mix, and a struggling enclosures business, Zacks reports. Sanmina-SCI missed its third quarter targets. The company has also issued weaker-than-expected guidance. Mr. Biggs claims that the outlook for the EMS industry is poor as core sectors continue to face sluggish demand coupled with fewer acquisitions.

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