Word: sanmina
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Dates: during 2001-2001
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...product development, marketing and brand building. What is stunning is that the EMS industry is booming even amid the smoking ruin of today's tech economy. As they acquire their smaller competitors and buy more of their customers' factories--at fire-sale prices--big players like Flextronics and Sanmina stand to emerge from the tech slump stronger than ever...
...boon to the entire EMS industry, but Flextronics is growing the fastest. It has inhaled 39 suppliers and competitors in less than two years, and its $12 billion market capitalization hovers near that of industry leader Solectron, based in Milpitas, Calif. Both, though, face tough competition from Sanmina, which is based in San Jose and which last month agreed to buy rival SCI Systems, in a stock swap worth about $, 4 billion, plus assumption of $1.5 billion in debt...
...only the Microsofts and Nokias but also the Kodaks and Gaps--are making a devil's bargain. If some entrepreneur has a revolutionary idea for a videophone or an instant tooth flosser, all he has to do is get Wal-Mart to agree to sell it and then get Sanmina to design and build...