Telecom tales: Last week it was Sanmina
From Herb @ TheStreet.Com
(SANM:Nasdaq). Yesterday, Reltec (RLT:NYSE). Both
reported that profits will disappoint because of delays in
orders from customers, and both supply, in one way or
another, the telecommunications industry.
Sanmina, which makes circuit boards, is lowest down in the
food chain. Its customers include the likes of Reltec,
Alcatel (ALA:NYSE ADR), Lucent (LU:NYSE), Motorola
(MOT:NYSE) and Tellabs (TLAB:Nasdaq). If Reltec has
already disappointed, can the others be far behind? Reltec,
meanwhile, supplies the regional Bell operating companies,
and competes directly with Northern Telecom (NT:NYSE)
and Lucent.
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