Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Bear Stearns Downgrades Sanmina-SCI

Bear Stearns downgrades Sanmina-SCI (SANM) to peer perform from outperform.

Analyst Thomas Hopkins believes Sanmina-SCI is likely to report in-line second-quarter results. He expects the company to guide sequentially higher but that guidance is likely to be weaker than current consensus estimates due to a stagnant customer mix.

He says his Sanmina-SCI downgrade brings the individual stock pick in line with Septneber 2004 sector downgrade. He notes a cloud over telecom capital expenditure spending (due to consolidation) is problematic for the electronic manufacturing services turnarounds.

Hopkins cuts his $11 target to $8. He cuts his 31 cents fiscal 2005 (ending September) earnings per share estimate for Sanmina-SCI to 28 cents and 52 cents fiscal 2006 to 36 cents.

blog comments powered by Disqus