Sanmina-SCI Corp. (SANM)
JP Morgan Global Technology Media and Telecom Conference
May 15, 2012, 1:30 p.m. ET
Bob Eulau – Chief Financial Officer
Mark Strauss – JPMorgan
Good afternoon. Thank you everyone for coming. My name is Mark Strauss. I cover Applied and Emerging Tech here at JP Morgan, and we are happy to have Bob Eulau from Sanmina joining us. The firm doesn’t currently cover the stock, so I’m going to assume that some of you, like me, are learning, kind of just getting to know the story, so Bob, do you want to spend three or four minutes just briefly describing your business, maybe going through your end markets or segments?
Sure, and first, Mark, thanks to you and JP Morgan for having us here today, we really appreciate it. Sanmina-SCI has been around since 1980, so we’ve been around for 32 years. We operate in 18 different countries, we have in the neighborhood of 42, 43,000 employees, and we’re I think unique within the EMS industry in the sense that we focus almost exclusively on higher-mix manufacturing opportunities, areas in which we can add more engineering content and provide more value to our customers.
And the other area that causes us to be unique is we also have a component and product business that is in the neighborhood of 30% of our overall revenue, and by products and components I’m referring to areas like printed circuit board manufacturing, backplanes, cables, mechanical systems, which includes enclosures and precision machining, plastic injection molding, memory modules, which is an area that we call components but we’re starting to do products in the solid state drive area, and then we also have a product business in the storage area, where we do ODM products intended for other storage companies, and then finally, we have a product business in the defense area, which we’ve been in for through SCI, we’ve been involved with for about 50 years.