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To: Johnny Canuck who wrote (46663)3/17/2011 4:49:18 AM
From: Johnny Canuck  Read Replies (1) | Respond to of 68396
 
3:06AM Sanmina-SCI sees Q2 EPS and revs below consensus; co's Pres/CCO resigns, will continue in consulting role (SANM) 13.40 : Co issues downside guidance for Q2 (Mar), sees EPS of $0.28-0.32 vs. $0.41 Thomson Reuters consensus; sees Q2 (Mar) revs of $1.56-1.60 bln vs. $1.65 bln Thomson Reuters consensus. The outlook for the second quarter may be impacted by a delay in defense market projects and shipments due to Federal budget uncertainty, recently resolved labor strike in India delaying certain product shipments, and short-term softness in the optical market near the end of the quarter. Additionally, co announces that Hari Pillai, President and Chief Operating Officer will resign from the co and continue in a consulting capacity on terms to be determined