Sanmina Corp. (SANM) Message Board

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Technology Stocks : Sanmina Corp. (SANM)

SANM 174.51

+2.4%

Nov 10 3:59 PM EST

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To: Jack Be Quick who wrote (14)	7/24/1997 12:10:00 PM
From: Chris Singer	of 239

John, The conversion price is right at what ELEX has been trading at. However shares of ELEX have moved for no reason up to that point in the weeks before the announcement. My wife had no idea. They even urgently called her in this last Saturday for a full day of work. They never told her why but now it seems that it was to get some important items in order before they could finalize the deal. Somebody must have known what was going on for the price to move right close to the conversion price. Especially with generous Milan and his 45% of the outstanding shares agreeing to trade out at market. Long term it seems like a good competitive move. Chris

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