Article: IBM Signs Agreement With Sanmina-SCI To Manufacture Its NetVista Desktop PCs In US And Europe; Partnership Strengthens Competitiveness of IBM's PC business.

Business & Technology Editors

SOMERS, N.Y. & SAN JOSE, Calif.--(BUSINESS WIRE)--Jan. 8, 2002

IBM (NYSE:IBM) and Sanmina-SCI Corporation (NASDAQ:SANM), a global electronics manufacturing service (EMS) provider, today announced an agreement under which IBM will outsource a significant portion of its desktop personal computer manufacturing needs to Sanmina-SCI, and Sanmina-SCI will acquire IBM's NetVista desktop manufacturing operations in the US and Europe.

"Today's announcement will allow us to further lower our costs, while we continue to develop and deliver a full line of PC products and services for our customers," said Bob Moffat, general ...

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