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SANMINA FILES REGISTRATION STATEMENT FOR 2,150,000 SHARES OF COMMON STOCK

 SAN JOSE, Calif., Oct. 22 /PRNewswire/ -- Sanmina Corp. (NASDAQ-NMS: SANM) announced today that it has filed a Registration Statement on Form S-1 with the Securities and Exchange Commission relating to the proposed offering of 2,150,000 shares of its common stock. Of the shares being offered, 1,000,000 are being sold by the company and 1,150,000 are being sold by certain stockholders of the company. In addition, certain of the selling stockholders have granted the underwriters an option to purchase up to 322,500 shares of common stock to cover over-allotments. Montgomery Securities, Cowen & Co., and Hambrecht & Quist are underwriters for the offering.
 Sanmina plans to use the net proceeds from the offering for repayment of the outstanding balance on the company's bank credit line, capital expenditures including investment in facilities and equipment, working capital and other general corporate purposes.
 A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any state of jurisdiction.
 Copies of the prospectus can be obtained from the Prospectus Department at Montgomery Securities, 600 Montgomery Street, San Francisco, CA 94111, 415-627-2000; or at Cowen & Co., 345 California Street, Suite 2600, San Francisco, CA 94101, 415-434-7800; or at Hambrecht & Quist, 1 Bush Street, San Francisco, CA 94104, 415-576-3300.
 Headquartered in San Jose, Sanmina Corp. is a leading manufacturer of custom-designed backplane assemblies and sub-assemblies and multilayer, high density printed circuit boards used in sophisticated electronics equipment. Sanmina manufactures these electronic interconnect products for a diversified base of leading original equipment manufacturers in the telecommunications, data communications, industrial and medical instrumentation, computer systems and contract assembly segments of the electronics industry. The company has manufacturing operations in San Jose, Milpitas, Santa Clara and Fremont, Calif., Richardson, Texas and Redmond, Wash. Sanmina currently has 6,717,819 shares of common stock outstanding which trade on the NASDAQ National Market Systems under the symbol SANM.
 -0- 10/22/93
 /CONTACT: Randy Furr of Sanmina, 408-435-8444; or Lise Needham or Sue Caulton of the Financial Relations Board, 415-986-1591, for Sanmina/
 (SANM)


CO: Sanmina Corp. ST: California IN: CPR SU:

TM -- SF006 -- 5585 10/22/93 08:57 EDT
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Publication:PR Newswire
Date:Oct 22, 1993
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