San Jose, Calif., June 13, 2002 - Sanmina-SCI Corporation (NASDAQ NM: SANM), a leading global electronics contract manufacturer, announced today, to clarify information being reported from the Bear Stearns conference held in New York, while the quarter is not complete, the company did not change guidance previously reported in its quarterly conference call on April 18, 2002, which forecasted sales of approximately $2.5 to $2.7 billion and cash EPS, before merger, restructuring and other infrequent or unusual charges between $0.02 and $0.04.
Sanmina-SCI will release financial results for the third quarter ending June 29, 2002 on July 18, 2002. The company will host its regularly scheduled conference call on July 18, 2002 at 5:00 PM Eastern time. The call will be broadcast live on the Internet.
About Sanmina-SCI Sanmina-SCI Corporation is a leading electronics contract manufacturer serving the fastest-growing segments of the $130 billion global electronics manufacturing services (EMS) market. Recognized as a technology leader, Sanmina-SCI provides end-to-end manufacturing solutions, delivering unsurpassed quality and support to large OEMs primarily in the communications, industrial and medical instrumentation, and computer technology sectors of the market. Sanmina-SCI has over 100 facilities strategically located in key regions throughout the world.
Safe Harbor Statement The foregoing, including the discussion regarding the company's future prospects, contains certain forward-looking statements that involve risks and uncertainties, including uncertainties associated with economic conditions in the electronics industry, particularly in the principal industry sectors served by the company, changes in customer requirements and in the volume of sales to principal customers, the ability of Sanmina-SCI to effectively integrate its operations following the merger of Sanmina Corporation and SCI Systems, Inc. and to assimilate other acquired businesses and achieve the anticipated benefits of the merger and other such acquisitions, and competition and technological change. The company's actual results of operations may differ significantly from those contemplated by such forward-looking statements as a result of these and other factors, including factors set forth in the company's 2001 Annual Report on Form 10-K filed with the Securities Exchange Commission on December 21, 2001 and the company's 10-Q filed with the Securities Exchange Commission on May 13, 2002.