Top-tier business position Customer base of leading OEMs Good historic cash flow generation Integration challenge exacerbated by difficult industry conditions Overcapacity, particularly in North America High cost position relative to competitors who are relocating capacity to Asia Leveraged financial profile Ratings on Sanmina SCI Corp. are based on weak operating performance, the challenge of realigning the company's operations to cope with difficult market conditions and weakening credit measures. These concerns are only partially offset by a top-tier industry position and favorable industry trends for electronics manufacturing outsourcing. San Jose, Calif.-based Sanmina-SCI is a leading provider of electronic manufacturing services (EMS) for the computing, telecommunications, and data communications industries. It had $2.6 billion of debt outstanding as of June 30, 2002.
