NEW YORK (Standard&Poor's CreditWire) July 16, 2001--Standard&Poor's today placed its ratings on Sanmina Corp. on CreditWatch with positive implications and its ratings on SCI Systems Inc. on CreditWatch with negative implications, following the announcement that the companies have reached a definitive merger agreement in a tax-free exchange of common shares (see list below). Each outstanding share of SCI common stock will be converted into 1.36 shares of Sanmina common stock. San Jose, Calif.-based Sanmina is the largest printed circuit board (PCB) manufacturer and a leading electronic manufacturing services (EMS) provider, serving primarily the telecommunications and data communications industries. Huntsville, Ala.-based SCI is a top-tier EMS provider that benefits from long-term customer relationships with leading OEMs, particularly
