SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) August 30, 1999
SCI Systems, Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware 0-2251 63-0583436
(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
2101 West Clinton Avenue, Huntsville, Alabama 35805
(Address of Principal Executive Offices)
Registrant's telephone number, including area code (256) 882-4800
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Item 5. Other Events
On August 30, 1999, the Company purchased Brock Telecom Limited, a
wholly-owned subsidiary of Nortel Networks Corporation ("Nortel") located in
Brockville, Ontario, which provided manufacturing services in support of
Nortel's communications-related products. In conjunction with the acquisition,
the Company entered into a related multiyear manufacturing agreement with
Nortel. This agreement provides that the Company will manufacture agreed upon
levels of designated Nortel products, specifically printed circuit board
assemblies related to the assimilation of voice, data, and video communications.
As part of this transaction, the Company finalized an agreement to purchase from
Nortel a portion of the operating assets of Nortel's manufacturing facility in
Belleville, Ontario, and certain other operating assets of Nortel's
manufacturing facility in St-Laurent, Quebec. The assets, which will be
purchased as production of certain Nortel products is transferred to the
Company, may include machinery, equipment, inventory, dies and molds, furniture,
and other tangible property related to the manufacturing of Nortel's voice and
data networking products. The total purchase price paid for the shares and
assets acquired to date does not exceed 10% of SCI's total assets, excluding
payments in respect of the multiyear contract manufacturing agreement.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SCI SYSTEMS, INC.
Dated: September 10, 1999 By: /s/ Michael M. Sullivan
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Name: Michael M. Sullivan
Title: Corporate Secretary and General Counsel
