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EXHIBIT 12.1
SANMINA CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES CALCULATION
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FOR FISCAL YEARS ENDING NINE MONTHS ENDED
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1995 1996 1997 1998 1999 1999 2000
------ ------- ------- ------- ------- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C>
Rent Expense...................... 3,847 7,334 13,500 17,400 23,100 18,500 17,325
3 3 3 3 3 3 3
------ ------- ------- ------- ------- ------- -------
Interest component of rental
expense......................... 1,282 2,445 4,500 5,800 7,700 6,167 5,775
Interest and debt expense and
amort of debt expense........... 1,262 5,500 16,039 29,609 39,155 32,660 27,787
------ ------- ------- ------- ------- ------- -------
total fixed charges............... 2,544 7,945 20,539 35,409 46,855 38,827 33,562
------ ------- ------- ------- ------- ------- -------
Pre-tax net income................ 92,510 138,913 81,170 87,629 188,063 117,573 173,591
Fixed charges..................... 2,544 7,945 20,539 35,409 46,855 38,827 33,562
------ ------- ------- ------- ------- ------- -------
Earnings for calculation
purposes........................ 95,054 146,858 101,709 122,938 234,918 156,400 207,153
------ ------- ------- ------- ------- ------- -------
Ratio of earnings to fixed
charges......................... 37.4 18.5 5.0 3.5 5.0 4.0 6.2
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