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"Recent positive commentary from the contract manufacturing industry has caused equity prices for the leading EMS/ODM providers-Foxconn, Flextronics, Jabil and Sanmina-to shoot up by 36 percent to 180 percent during the past 60 days," said Adam Pick, principal analyst for EMS/ODM services, for iSuppli. "For example, Jure Sola, Chairman of Sanmina-SCI, recently stated, 'We are cautiously optimistic maybe the worst is behind us.' "However, while there are some mildly encouraging signs, iSuppli believes it isn't wise to call the market bottom in the contract manufacturing industry at this time. iSuppli's latest research indicates that some fundamental issues-including OEM demand levels, excess capacity, margin erosion and solvency concerns-may inhibit a quick turnaround for most EMS/ODM players." Having said that, there are some small signs of improvement in the EMS/ODM industry. Revenue for the Top 10 EMS providers declined by 16 percent in the first quarter of 2009 compared to the same period in 2008. This is an improvement from the 18 percent decline in the fourth quarter of 2009. The attached figure presents quarterly growth in the global EMS/ODM industry. When will the EMS/ODM industry hit bottom and commence a real recovery? Find out on Wednesday, Jun. 10 at 8:30 a.m. U.S. Pacific Time when Pick hosts a free webinar event entitled: Have EMS and ODMs Hit the Bottom? The webinar will address key issues including: - How are the macroeconomic headwinds impacting EMS/ODM? - What do iSuppli surveys suggest about true OEM demand levels? - Which competitors are winning and which are losing? - Are any EMS/ODM providers at risk for bankruptcy? - How are industrial trends shifting? - Has iSuppli's forecast for electronics contract manufacturers declined again? To register for this event, please visit: http://www.isuppli.com/Events.aspx Journalists, please respond to this e-mail for press registration. Read this release online, at: http://www.isuppli.com/NewsDetail.aspx?ID=20252 All Information and Intellectual Property Contained Herein is the Sole Property of iSuppli Corporation Linking to iSuppli Releases It is requested that all news and media outlets include a link to the original versions of our announcements. Please include a link to www.isuppli.com/news.aspx to ensure that your constituents can access the announcement above as well as additional iSuppli announcements. Fulfilling this request allows iSuppli to serve the editorial community better. About iSuppli Corporation iSuppli Corporation is the global leader in technology value chain research and advisory services. Services afforded by iSuppli range from electronic component research to device-specific application market forecasts, from teardown analysis to consumer electronics and from display device and systems research to automotive telematics, navigation and safety systems research. More information is available at www.isuppli.com and by following us at twitter.com/iSuppli CONTACT: Jonathan Cassell, Editorial Director and Manager, Public Relations, iSuppli Corporation Tel: +1 408 654 1714 Tel: +1 408 921 3754 e-mail: jcassell@isuppli.com Debra Jaramilla, Manager, Marketing, iSuppli Corporation Tel: +1 310 524 4047 e-mail: djaramilla@isuppli.com WWW: http://www.isuppli.com ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com. For full details on Sanmina-Sci Corporation (SANM) click here. Sanmina-Sci Corporation (SANM) has Short Term PowerRatings of 7. Details on Sanmina-Sci Corporation (SANM) Short Term PowerRatings is available at This Link.
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