Sanmina says had a Q1 reserve of $5M for distressed customer

Now carries approximately $2M of exposure related to this customer. Says this customer filed for bankruptcy protection in the United States on January 28. Says evaluating the development and additional reserves may need to be established prior to filing the quarterly report on form 10-Q. Says it is possible that GAAP financial results may change. Comments taken from company's Q1 earnings conference call.

View Comments (0)