Solectron Completes Optical Equipment Transaction With Lucent Technologies

		SOLECTRON LOGO 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 warrantyand end-of-life support. Solectron, based in Milpitas, Calif., is the first two-time winner of the Malcolm Baldrige National Quality Award for manufacturing. (PRNewsFoto)[AG JL] MILPITAS, CA USA

MILPITAS, Calif., May 31 /PRNewswire-FirstCall/ -- Solectron Corporation (NYSE: SLR), a leading provider of electronics manufacturing and supply-chain management services, said today it has completed a transaction that makes it the primary manufacturing services provider for Lucent Technologies' advanced optical systems, including key Lambda(TM) and WaveStar(R) product families. (Photo: http://www.newscom.com/cgi-bin/prnh/20001201/SLRLOGO ) Under the three-year supply agreement announced in March and completed today, Lucent will utilize Solectron's industry-leading expertise in optical manufacturing, assembly, testing, repair and supply-chain management. To accommodate initial production, Solectron has leased a portion of Lucent's Merrimack Valley facility in North Andover, Mass., and A-Plus Manufacturing, a Solectron company, has hired about 540 highly skilled former Lucent employees. In addition, Solectron has purchased equipment and inventory related to the optical product lines for about $100 million. Solectron offers a wide range of industry leading optical design, manufacturing, test and repair services for optical networking products. These services include: design; test development and execution; new product introduction; component engineering; enclosure design and manufacturing; printed circuit board and backplane assembly; module manufacturing and installation; splicing and fiber management; sub-assembly; systems integration; field installation; and end-of-life warranty and repair services. About Solectron Solectron (http://www.solectron.com) provides a full range of global 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. Solectron, based in Milpitas, Calif., is the first two-time winner of the Malcolm Baldrige National Quality Award. The company had sales of $18.7 billion in fiscal 2001. Safe Harbor This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, several business, economic and industry-wide risks and uncertainties may keep the companies from realizing the full value of the proposed relationship. These risks and uncertainties include the absence of any minimum revenue guarantees in the supply agreement, risk of falling demand for products and services, price fluctuation, changes in technology, competition, the ability to manage rapid declines in customer demand, the ability to manage business integration and the ability to retain key personnel. Other potential risks that could cause actual events to differ materially are included in filings with the Securities and Exchange Commission, including Forms 8-K, 10-K, 10-Q, S-3 and S-4 for Solectron Corporation. 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. CONTACT: Analysts, Thomas Alsborg, +1-408-956-6614, or thomasalsborg@ca.slr.com, or Media, Matt Roszell, +1-408-586-4031, or mattroszell@ca.slr.com, both of Solectron Corporation