NEW YORK (Standard&Poor's) Dec. 9, 2004--Standard&Poor's Ratings Services said today that its ratings for Sanmina-SCI Corp. (BB-/Stable/--) are not currently affected by the sale of International Business Machine Corp.'s (IBM) personal computer business to China-based Lenovo Group Ltd. IBM is Sanmina-SCI's largest customer, accounting for 28% of fiscal 2003 sales of $10.4 billion ($2.9 billion). The company assembles IBM's personal computers on a "build to order" or "configure to order" basis, mostly in North America and Europe. Sanmina also provides other services for IBM, unrelated to the recently announced divestiture, which is included in the $2.9 billion. The existing services contract with IBM remains intact until December 2005 despite the new ownership of the business, preserving
