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Electronics Production | August 08, 2007

Sanmina-SCI may lose Lenovo

Due to repoorts saying that Sanmina-SCI would possibly lose one of its biggest customers the stock price fell significantly.
San Jose Mercury News reported that Sanmina-SCI fell 13 cents, or 5.2 percent, to $2.35 yesterday. The electronics maker may lose Lenovo Group, the world's third-biggest maker of personal computers, as a customer, said analysts at Credit Suisse. Sanmina shares, which fell Monday to their lowest level since October 2002, are down 32 percent so far this year.
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