<PAGE> 1
EXHIBIT 99.2
TEXT OF PRESS RELEASE DATED SEPTEMBER 7, 2000
FOR IMMEDIATE RELEASE
Financial Contact: Rick Ackel,
408-964-3613
Media Contact: Hannah Bruce,
408-964-3614
SANMINA CORPORATION PRICES OFFERING
OF ZERO COUPON CONVERTIBLE SUBORDINATED DEBENTURES
SAN JOSE, Calif., Sept. 7 /PRNewswire/ -- Sanmina Corporation (Nasdaq: SANM -
news) announced the pricing of its zero coupon convertible subordinated
debentures due 2020 through a private offering to qualified institutional
investors. The debentures, priced with a yield to maturity of 4.00% and a 35%
initial conversion premium, will result in gross proceeds to the Company of $750
million (excluding the proceeds of an over-allotment option, if any). The
closing of the offering is subject to customary closing conditions.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy the securities. Any offers of the securities were made only by
means of a private offering memorandum. The securities to be offered are not
registered under the Securities Act of 1933, as amended, or applicable state
securities laws, and may not be offered or sold in the United States absent
registration under the Securities Act and applicable state securities laws or
available exemptions from such registration requirements.
