TECHNOLOGY - Sept. 3, 1998
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* San Jose-based Sanmina Corp. shares fell 8% after the maker of printed circuit boards warned of disappointing earnings, at the same time it announced it will buy rival Altron Inc. of Wilmington, Mass., for as much as $226.6 million in stock and debt. Sanmina’s warning was the first time it has indicated it won’t meet analysts’ expectations. Altron also warned of lower-than-expected earnings. The companies blamed delays in shipments and slowing demand. Shares of Sanmina fell $2.13 to close at $25.13 on Nasdaq; Altron shares rose $1.44 to $12.06, also on Nasdaq.
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