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Technology Stocks : Sanmina Corp. (SANM) -- Ignore unavailable to you. Want to Upgrade?

To: faqsnlojiks who wrote (120)	4/11/2000 3:55:00 PM
From: G.M. Flinn	Read Replies (2) \| Respond to of 239

Merrill sets $80 price target on SANM biz.yahoo.com Tuesday April 11, 11:13 am Eastern Time RESEARCH ALERT - Merrill recommends buying Sanmina NEW YORK, April 11 (Reuters) - Merrill Lynch analyst Jerry Labowitz said Tuesday he recommended buying shares of electronics contract manufacturer Sanmina Corp. (NasdaqNM:SANM - news) and set a fiscal 2000 earnings estimate at $1.30 per share. -- shares of Sanmina were off 13/16 trading at 56 on the Nasdaq stock market. -- Labowitz said after a 15 percent decline in Samina's stockon Monday, shares are selling at around a 10 percent discount to Merrill's electronics manufacturing services. -- said no news or corporate developments triggered the decline in Sanmina's stock Monday. -- said his 12-month price target of $80 is based on a price to earnings ration of 57 times his calendar 2000 estimate of $1.39 per share. -- said he believes the company will report better than expected second quarter results on April 17, making this pullback a good buying opportunity. -- said he projects fiscal 2000 midpoint earnings at $1.30 per share on revenues of almost $2 billion, and fiscal 2001 midpoint earnings of $1.70 per share on revenues of $2.8 billion.