Jul 11, 2011 (SmarTrend(R) News Watch via COMTEX) -- Below are the top five cash rich companies in the Electronic Manufacturing Services industry as ranked by Cash Equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.
Flextronics International (NASDAQ:FLEX - Snapshot Report) ranks first with CE of $1.75B; Tyco Electronics (NYSE:TEL - Snapshot Report) ranks second with CE of $1.24B; and Jabil Circuit (NYSE:JBL - Analyst Report) ranks third with CE of $911.14M.
Sanmina-SCI (NASDAQ:SANM - Snapshot Report) follows with a CE of $654.75M and Celestica (NYSE:CLS - Snapshot Report) rounds out the top five with a CE of $584M.
SmarTrend currently has shares of Sanmina-SCI in an Downtrend and issued the Downtrend alert on March 08, 2011 at $14.99. The stock has fallen 34.2% since the Downtrend alert was issued.