Sanmina says had a Q1 reserve of $5M for distressed customer Now carries approximately $2M of exposure related to this customer. Says this customer filed for bankruptcy protection in the United States on January 28. Says evaluating the development and additional reserves may need to be established prior to filing the quarterly report on form 10-Q. Says it is possible that GAAP financial results may change. Comments taken from company's Q1 earnings conference call.
Sanmina and Ouraring partner for sleep improvement wearable device Sanmina and Ouraring have signed an agreement for Sanmina to produce the first generation of the URA ring, an advanced technology platform that combines a wearable device with a mobile app to measure sleep quality, activity and recovery for optimal performance. Ouraring is a technology developer of wearable devices for health and wellness.