Solectron Announces Filing of $3 Billion Universal Shelf Registration

		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., July 2 /PRNewswire/ -- Solectron Corporation (NYSE: SLR), the world's leading provider of electronics manufacturing and supply-chain management services and Solectron Capital Trust I (the "Trust"), today announced the filing of a registration statement (the "Registration Statement") with the Securities and Exchange Commission pursuant to Rule 415 under the Securities Act of 1933, as amended. After the Registration Statement has become effective, Solectron may, from time to time, offer its debt securities, shares of its common stock and preferred stock, warrants, stock purchase contracts, stock purchase units and guarantees of preferred securities issued by the Trust and the Trust may issue its preferred securities (collectively, the "Securities"), which together have an aggregate initial public offering price of up to $3 billion. The Securities may be offered, separately or together, in separate series, in amounts, at prices and on terms to be set forth in the prospectus contained in the Registration Statement (the "Prospectus"), and in one or more supplements to this Prospectus, and may only be offered pursuant thereto. (Photo: http://www.newscom.com/cgi-bin/prnh/20001201/SLRLOGO ) The universal shelf Registration Statement is intended to provide the company flexibility to raise funds from the offering of the Securities or a combination thereof, subject to market conditions and the company's capital needs. Any offer to sell or solicitation of an offer to buy such Securities, if and when such offer is made, shall be pursuant to the Prospectus. A registration statement relating to these Securities has been filed with the Securities and Exchange Commission but has not yet become effective. These Securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. 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. Solectron, based in Milpitas, Calif., is the first two-time winner of the Malcolm Baldrige National Quality Award for manufacturing. All monetary amounts are stated in U.S. dollars. CONTACT: media, Kimi Nishita, 408-956-6321, or kiminishita@ca.slr.com, or investors, Thomas Alsborg, 408-956-6614, or thomasalsborg@ca.slr.com, both of Solectron Corporation.