Sanmina-SCI Announces Third Quarter Financial Results

Fourth Consecutive Quarter of Financial Improvements SAN JOSE, Calif., July 23 /PRNewswire-FirstCall/ -- Sanmina-SCI Corporation (the "Company") (NASDAQ: SANM), a leading global Electronics Manufacturing Services (EMS) company, today reported financial results for its third fiscal quarter ended June 28, 2008. Basis of Presentation The Company completed the sale of the remaining assets of its personal computing business and associated logistics services in two transactions that closed on June 2, 2008 and July 7, 2008, respectively. The Company has reported this line of business as a discontinued operation in the financial statements that accompany this press release. Third Quarter Fiscal 2008 Highlights for Continuing Operations: -- Revenue of $1.90 Billion, up 4.7% Q/Q and 13.7% Y/Y -- Non-GAAP Gross profit of $141.4 million,... [read full story]