Sanmina-SCI Completes Transition of Personal Computing Business to Foxteq Holdings Inc.
July 07 2008 - 5:05PM
PR Newswire (US)
SAN JOSE, Calif., July 7 /PRNewswire-FirstCall/ -- Sanmina-SCI
Corporation (the "Company") (NASDAQ:SANM), a leading global
Electronics Manufacturing Services (EMS) company, announced today
that it has completed and closed the transition of its personal
computing BTO/CTO operations and associated logistics services in
Australia, Hungary, Mexico and the United States to Foxteq Holdings
Inc.("Foxteq"), a member of Foxconn Technology Group. This closing
is in accordance with the Company's previous press release on
February 19, 2008 announcing the signing of a definitive agreement
between Sanmina-SCI Corporation and Foxteq for the sale of certain
assets of its personal computing business and associated logistics
services. Chairman and Chief Executive Officer, Jure Sola commented
"The closing of this deal signifies a new direction for the company
and will allow us to more fully concentrate on our core strengths
and targeted end markets. I want to thank our personal computing
customers for supporting us and our employees for helping to make
the transition as seamless as possible." About Sanmina-SCI
Sanmina-SCI Corporation (NASDAQ:SANM) is a leading electronics
contract manufacturer serving the fastest-growing segments of the
global electronics manufacturing services (EMS) market. Recognized
as a technology leader, Sanmina-SCI provides end-to-end
manufacturing solutions, delivering superior quality and support to
large OEMs primarily in the communications, defense and aerospace,
industrial and medical instrumentation, computer technology and
multimedia sectors. Sanmina-SCI has facilities strategically
located in key regions throughout the world. Information about
Sanmina-SCI is available at http://www.sanmina-sci.com/. SANMF
DATASOURCE: Sanmina-SCI Corporation CONTACT: Paige Bombino,
Investor Relations of Sanmina-SCI Corporation, +1-408-964-3610, Web
site: http://www.sanmina-sci.com/
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