Beautifully engraved specimen certificate from Avaya dated
in 2000. This historic document has an
ornate border around it with a vignette of a veiled allegorical woman sitting beside a globe. This item has the printed signatures of the company’s president/ceo and vice-president/secretary.
SAN JOSE, Calif. (August 31, 2000) - Sanmina Corporation (Nasdaq NM: SANM), a leading electronics contract manufacturer, today announced an agreement to acquire the San Jose system integration and fulfillment operation of Lucent Technologies (NYSE: LU).
The operation, which includes an ISO 9001 manufacturing facility, will manufacture messaging systems sold to communications service providers by Lucent, and enterprise messaging systems sold by Avaya, the former Enterprise Networks Group that will be spun off from Lucent on September 30, 2000. The transaction is expected to be closed by September 30, 2000. Effective at the closing date, it is expected that the 141 employees currently working in the operation will become employees of Sanmina.
On-site manufacturing processes encompass final system assembly, system level test, custom configuration and direct order fulfillment. Terms of the transaction and multi-year manufacturing services agreement were not disclosed.
"A key element in our growth strategy is to provide our customers with a total manufacturing solution," said Sanmina's Chairman and Chief Executive Officer, Jure Sola. "The acquisition of this organization supports our strategic growth goals, expanding our direct order fulfillment of complex systems. The products shipped from this facility are complete telecommunication messaging systems that employ leading-edge software and hardware technologies that are integrated and tested to end-customer configurations prior to being shipped directly to those end customers.
"In addition, we are pleased to bring on board a talented group of knowledgeable employees, and to further extend our relationship with two of the leading communications companies in the world."
"Sanmina is committed to providing its customers with superior products and services," said Glenn Moyer, Avaya operations vice president. "This agreement helps us ensure that Avaya's enterprise customers and Lucent's service provider customers continue to receive the highest-quality messaging products. The Sanmina team is acquiring a group of experienced, skilled employees who understand advanced messaging technology for both service providers and enterprise customers. It made sense to keep that team together, and this agreement enables us to do that so that both Avaya and Lucent will be able to continue to rely on their expertise.
"We look forward to a successful alliance with one of the best contract manufacturers in the industry."
Avaya, formerly the Enterprise Networks Group of Lucent Technologies, headquartered in Basking Ridge, N.J., USA, is a leading provider of communications systems for enterprises, including businesses, government agencies and other organizations. Avaya offers voice, converged voice and data, customer relationship management, messaging, multi-service networking and structured cabling products and services. Avaya is a worldwide leader in sales of messaging and structured cabling systems and a U.S. leader in sales of enterprise voice communications and call center systems. For more information about Avaya, visit its Web site at http://www.avaya.com/.
About Lucent Technologies
Lucent Technologies, headquartered in Murray Hill, N.J., USA, designs and delivers the systems, software, silicon and services for next-generation communications networks for service providers and enterprises. Backed by the research and development of Bell Labs, Lucent focuses on high-growth areas such as broadband and mobile Internet infrastructure; communications software; communications semiconductors and optoelectronics; Web-based enterprise solutions that link private and public networks; and professional network design and consulting services. For more information on Lucent Technologies, visit its Web site at http://www.lucent.com/.
About Sanmina Corporation
Sanmina Corporation is a leading global electronics contract manufacturing services company providing a full spectrum of integrated, value-added electronic manufacturing services. These include the manufacture of complex printed circuit board assemblies, custom-designed backplane assemblies and subassemblies, multi-layered printed circuit boards, custom cable and wire harness assemblies, enclosures and the testing and assembly of electronic subsystems and systems. The company provides these services to a diversified base of leading OEMs in the communications, industrial and medical instrumentation and computer sectors of the electronics industry. Sanmina common stock trades on the Nasdaq National Market under the symbol: SANM. Information regarding Sanmina can be found on its World Wide Web page located at http://www.sanmina.com/.
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