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

To: Jonas Grumby who wrote (62)	6/5/1998 1:05:00 PM
From: Pierre	Respond to of 239

Not sure why you expect this move to be connected to "bad news" - other than general market conditions. JBL and FLEX seem to have moved about the same as SANM. SANM seems to have support at 70 (if it drops below that, could be a big problem) and resistance / support at 75. Of course I'm new at tea leaf reading, and confess SANM has always buffaloed me re: short term moves. I try to keep track of news both with SANM and the ECM sector. If you hear more, please post. FWIW I'm long - relatively new to SANM however as I came in as an ELEX shareholder. Pierre

To: Jonas Grumby who wrote (62)	6/5/1998 7:52:00 PM
From: kolo55	Read Replies (2) \| Respond to of 239

I can't clarify on bad news, but can pass on a rumor. It appears that at one of their larger volume board shops that they got from Elexsys, they are cutting back to a four day work week (previously 7 days a week I understand). This along with the DIIG announcement today of soft orders from their Multek board unit, confirms an industry wide slowdown among the board makers. messages.yahoo.com messages.yahoo.com@m2.yahoo.com But since the bulk of Sanmina's growth and earnings have come from backplanes and backpanels, I'm not sure what this means for the company bottom line. IMO, Sanmina is a good company, but high valuation compared to others in the sector. Good luck to Sanmina holders. Paul

To: Jonas Grumby who wrote (62)	6/12/1998 9:51:00 PM
From: Mark Fowler	Respond to 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." For more information from Zacks, please visit Zacks StockWatch page.