Solectron Global Services Establishes Dedicated After-Sales Service Facility In Japan

		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

Company Acquires MCC-Sequel Limited TOKYO and MILPITAS, Calif., Aug. 1 /PRNewswire/ -- Solectron Corporation (NYSE: SLR), the world's leading provider of electronics manufacturing and supply-chain management services, said today that its Global Services business unit has established a dedicated after-sales service facility in Japan through the acquisition of MCC-Sequel Limited, a leading provider of repair, recycling and manufacturing services for electronics products. Solectron Global Services previously owned 19 percent of the company, and purchased the remaining shares from JAFCO and Memorex-Telex Japan Ltd. (Photo: http://www.newscom.com/cgi-bin/prnh/20001201/SLRLOGO ) As a result of the transaction, Solectron Global Services now provides repair, recycling and manufacturing services in Japan, including: new product screening, toner cartridge recycling, magnetic storage cartridge manufacturing and assembly, and repair and call center services for computing, networking, wireless and telecommunications products. Financial terms of the deal were not disclosed. Solectron Global Services will assume full responsibility for MCC-Sequel's corporate headquarters in Tokyo and plant operations in Koriyama, Japan. In addition, MCC-Sequel will be integrated into Solectron Global Services' worldwide network of locations providing same-day and next-day repair for complex computer and electronics systems. Customers currently served in Japan include Cisco Systems, Compaq Computer Corporation and IBM. "MCC-Sequel has a strong history in delivering high-quality after-sales service and support," said Bill Mitchell, corporate vice president and president of Solectron Global Services. "This acquisition will enhance Solectron's total service offerings and expands our long-standing presence in Japan -- a key area of growth and opportunity for the EMS industry. We welcome all MCC-Sequel employees to the Solectron team." "We are pleased to become part of Solectron Global Services," said Kazuaki Hagiya, former president of MCC-Sequel and president, Solectron Global Services, Japan. "By joining Solectron, we will be able to better serve our customer needs in Japan and around the globe." Solectron Global Services provides a full range of after-sales services, including: product repair, upgrades, remanufacturing and maintenance through factory and fast-hub service centers located around the world; help-desk support through customer call-in centers for end-users; logistics and parts management; asset recovery; returns processing; warehousing; engineering change management and end-of-life manufacturing. Solectron Global Services has 14 sites on five continents, including two dedicated service and support facilities in Asia. Safe Harbor This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1993, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, anticipated benefits of the acquisition, based on current expectations that involve a number of risks and uncertainties. Specifically, additional risks and uncertainties include the failure to achieve expected synergy and efficiencies of operations, discontinuity of component supply or availability, risk of price fluctuation, loss of major customers, the ability to manage growth, the ability to manage rapid declines in customer demand, the ability to manage business integration, risks associated with international sales and operations and the ability to retain key personnel. For a more detailed description of risks and uncertainties, see the reports filed by Solectron with the Securities and Exchange Commission, specifically Solectron's forms 8-K, 10-Q and 10-K. 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. Analysts Contact: Media Contact: Thomas Alsborg Matt Roszell Solectron Corporation Solectron Corporation +1-408-956-6614 (U.S.) +1-408-586-4031 (U.S.) thomasalsborg@ca.slr.com mattroszell@ca.slr.com