Can anyone confirm this
I know the two companies work very closely with each other
But can anyone confirm Sanmina may be bought out by Lockhead
SANM has problems at all levels of the organization. First off it is an incredibly sloppy company. There is a demonstrated history that senior management fails to see the gravity of certain issues within the company. Leadership is completely void. I can't figure out if they are afraid to deal with certain problems or if they just don't know how.
OK shorty here is your chart. The market downturn started Sep 2 down 20%, SANM down 40%.
Sorry to confuse you with the facts. Keep dumping I will be MR Potter.
Tocnets almost over and the units are already built and on the shelves for the Military to pull. VISX is the Program that the DAS site has all their eggs in the basket on. A number of other solid financial performers (Boeing/General Dynamics) are also bidding on this $3.5B program. Other than that, the word is they had a light RIF as of recent.
Site went downhill after the folks that put tocnet and the site on the map left. When AT, MU, SF, SP, CL, the General SR, CV left and put the future of this SANM Division in the incapable hands of JC, LM, MG, site and division went downhill. With the possibility of Flex buying...you never know, maybe a few of the original team that grew the profitability and growth will return to yet again turn DAS back around again once Hari and Juri take their packages and head into the sunset with all their millions they stole from the SCI stock holders.