Paris, July 1, 2002 - Sanmina-SCI Corporation (NASDAQ NM: SANM), a leading electronics contract manufacturer, today announced the completion of its asset purchase of Alcatel's (Paris: CGEP.PA and NYSE: ALA) manufacturing facility in Toledo, Spain. This asset purchase completes the three phases of Sanmina-SCI's announcement on January 24, 2002 of its acquisition of Alcatel's manufacturing facilities in Cherbourg, France, Gunzenhausen, Germany and Toledo, Spain. It follows the announcement of the completion of the purchase of the Gunzenhausen facility, announced on April 3, 2002 and the completion of the Cherbourg facility, announced on May 23, 2002. Terms of the transaction and multi-year supply contract were not disclosed.
Safe Harbor Statement
The foregoing, including the discussion regarding the company's future prospects, contains certain forward-looking statements that involve risks
and uncertainties, including uncertainties associated with economic
conditions in the electronics industry, particularly in the principal industry sectors served by the company, changes in customer requirements and in the volume of sales to principal customers, the ability of Sanmina-SCI to effectively integrate its operations following the merger of Sanmina Corporation and SCI Systems, Inc. and to assimilate other acquired businesses and achieve the anticipated benefits of the merger and other such acquisitions, and competition and technological change. The company's
actual results of operations may differ significantly from those
contemplated in the company's 2001 Annual Report on Form 10-K and 10K/A filed with the Securities Exchange Commission on December 21, 2001 and March 26, 2002, and the company's 10-Q filed with the Securities Exchange Commission on May 13, 2002.
About Sanmina-SCI
Sanmina-SCI Corporation is a leading electronics contract manufacturer serving the fastest-growing segments of the $130 billion global electronics manufacturing services (EMS) market. Recognized as a technology leader,
Sanmina-SCI provides end-to-end manufacturing solutions, delivering
unsurpassed quality and support to large OEMs primarily in the
communications, industrial and medical instrumentation, and computer
technology sectors of the market. Sanmina-SCI has over 100 facilities strategically located in key regions throughout the world.
About Alcatel
Alcatel designs, develops and builds innovative and competitive
communications networks, enabling carriers, service providers and
enterprises to deliver any type of content, such as voice, data and multimedia, to any type of consumer, anywhere in the world. Relying on its leading and comprehensive products and solutions portfolio, stretching from end-to-end optical infrastructures, fixed and mobile networks to broadband access, Alcatel's customers can focus on optimizing their service offerings and revenue streams. With sales of EURO 25 billion in 2001 and 99,000 employees, Alcatel operates in more than 130 countries.
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