Solectron Reaffirms Second-Quarter and Fiscal-Year 2001 Guidance

		SOLECTRON Solectron (www.solectron.com), the world's leading supply-chain facilitator, provides a full range of manufacturing and supply-chain management services to the world's premier high-tech electronics companies. Solectron's offerings include new product design and introduction services, materials management, high-tech product manufacturing, and product warranty and end-of-life support. The company, based in Milpitas, Calif., and founded in 1977, employs more than 65,000 people in 57 locations worldwide. In fiscal 2000, the company generated sales of US$14.1 billion. (PRNewsFoto)[JL] MILPITAS, CA USA

MILPITAS, Calif., Jan. 26 /PRNewswire/ -- Solectron Corporation (NYSE: SLR), the world's leading provider of electronics manufacturing and supply-chain management services, today reaffirmed its second-quarter and fiscal-year 2001 guidance. (Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20001201/SLRLOGO ) Solectron decided to issue its reaffirmation in the current high-technology business environment in which companies are continually monitoring their financial performance and updating their guidance. Based on its latest and current assessment, Solectron expects to meet its previously stated second quarter and fiscal year 2001 financial projections. Solectron reaffirmed that it expects to generate second-quarter sales of $5.4 billion to $5.7 billion and diluted cash EPS of 29 to 30 cents in the quarter ending March 2, before any one-time charges related to acquisitions. The company expects diluted GAAP EPS to be 24 to 25 cents in the quarter, before any one-time charges. For all of fiscal 2001, Solectron continues to expect to generate sales of more than $23 billion, diluted cash EPS of $1.22 to $1.25, and diluted GAAP EPS of 99 cents to $1.02, both before any one-time charges. Safe Harbor This news release contains forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include component availability, the ability to effectively integrate the NEL business, the ability to complete the asset transfer involving Sony Corporation, risk of price fluctuation, reliance on major customers, fluctuations in operating results, changes in technology, competition, the ability to manage rapid growth, the ability to manage business integration, risks associated with international sales and operations, interest rate risk, environmental regulations, market risk, segment risk, the ability to retain key personnel and intellectual property rights enforcement. For a further list and description of risks and uncertainties, see the reports filed by Solectron with the Securities and Exchange Commission, specifically forms 8-K, 10-Q, S-3 and 10-K. Solectron disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. All monetary amounts are stated in U.S. dollars. About Solectron Solectron (http://www.solectron.com), the world's leading supply-chain facilitator, provides a full range of manufacturing and supply-chain management services to the world's premier high-tech electronics companies. Solectron's offerings include new-product design and introduction services, materials management, high-tech product manufacturing, and product warranty and end-of-life support. Net sales for the first three months of the fiscal year 2001 ended Dec. 1, 2000, was US$5.7 billion. Solectron, based in Milpitas, Calif., is the first two-time winner of the Malcolm Baldrige National Quality Award. CONTACT: media, Kimi Nishita, 408-956-6213, or kiminishita@ca.slr.com, or Kevin Whalen, 408-956-6854 (U.S.), or +81-90-9362-2063 (Japan), or kevinwhalen@ca.slr.com, or investors, Thomas Alsborg, 408-956-6614, or thomasalsborg@ca.slr.com, all of Solectron Corporation.