Monday, April 9, 2007

Sanmina-SCI cuts revenue forecast on weak demand

(Reuters) - Citing soft demand and excess inventories in its supply channel, the contract electronics manufacturer cut its revenue estimate for the March quarter to $2.6 billion from previous guidance of $2.65 billion to $2.75 billion.

Sanmina-SCI, a leading maker of printed circuit boards and memory modules, churns out products for top technology companies like IBM , Hewlett-Packard , Nortel and Nokia . It said the weakness in demand was spread broadly among several customers.


Read more at Reuters.com Business News

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