NEW YORK (Standard&Poor's CreditWire) Jan. 4, 2001--Standard&Poor's today revised its outlook on Sanmina Corp. to positive from stable. At the same time, Standard&Poor's affirmed its double-'B' corporate credit and single-'B'-plus subordinated debt ratings on Sanmina Corp. The outlook revision is based on consistent operating performance and increased operational scale arising from acquisitions in the past year. Ratings reflect risks associated with a rapid acquisitive growth strategy in the highly competitive electronics industry, partially offset by consistent operating performance, improved industry position and moderate financial profile. San Jose, Calif.-based Sanmina is a leading electronic manufacturing services (EMS) provider, primarily serving the telecommunications and data communications industries. Sales of Sanmina more than doubled to over $3.9
