Sanmina-SCI Corp. (SANM) says president and COO Hari Pillai will resign. The company also cuts...

|About: Sanmina Corp (SANM)|By:, SA News Editor

Sanmina-SCI Corp. (SANM) says president and COO Hari Pillai will resign. The company also cuts its Q2 earnings and revenue outlook below consensus estimates, pointing to a delay in U.S. defense market projects, the impact of a labor strike in India and short-term softness in the optical market. Shares -15%. (PR)