Citing concerns about softening tech hardware end demand, RBC Capital analyst Amit Daryanani this morning turned cautious on the IT supply chain, downgrading shares of the contract electronics manufacturers Benchmark Electronics and Sanmina, and reducing estimates and price targets for various other stocks.

FORBES: Sanmina, Benchmark Off; RBC Cautious On Tech Supply Chain

"It's a case of the vertical business model's dying and another one's beginning, " says Eugene Polistuk, the CEO of Celestica, in Toronto, Canada, one of the new breed of contract manufacturers that dominates electronics products.

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But the long-term trend is in the contract manufacturers' favor and the electronics slump will accelerate the push to outsource.

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