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Technology Stocks : Sanmina Corp. (SANM)
SANM 160.94+1.8%3:59 PM EST

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To: Jonas Grumby who wrote (62)6/12/1998 9:51:00 PM
From: Mark Fowler   of 239
 
I don't know if you saw this recent upgrade folks, but here it's. I been in this stock for 9 mos. and it's a volatile one to say the least, but be patient and buy the dips it's clearly a winner.

Needham & Company issued Company Report Needham & Company issued Company Report

Posted: June 1, 1998

On May 20, 1998 Needham & Company analyst John Mcmanus issued a 9 page Company Report on Sanmina Corporation. Report highlights: "The rating was upgraded from a BUY to a STRONG BUY with an increase in the 12 month price target range from $90-$100 to $100-$110. The company reported a 1998 second quarter EPS of $0.47 versus a 1997 second quarter EPS of $0.71. The company has made six highly selective acquisitions, all which have been accretive to its EPS (the highest in the industry). Even with the current sluggish electronics market environment, it continues to meet or exceed EPS expectations in contrast to competing contract manufacturers."



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