Solectron Announces $200 Million Stock Repurchase Program

		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., Sept. 17 /PRNewswire/ -- Solectron Corporation (NYSE: SLR), the leading global provider of electronics manufacturing and supply-chain management services, today said its board of directors has authorized a $200 million stock repurchase program. (Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20001201/SLRLOGO ) Under the program, the company may repurchase its common shares in the open market beginning when New York Stock Exchange trading resumes today, and from time to time thereafter. Repurchases will be funded by the company's cash resources. Solectron has 658.3 million shares of common stock outstanding. "With this authorization, our board is demonstrating confidence in the financial markets and in the strength of Solectron," said Kiran Patel, executive vice president and chief financial officer for Solectron. "We believe this support is in the best interests of our shareholders." Separately today, Solectron issued a news release reporting its fourth-quarter and fiscal 2001 financial results. All monetary amounts are stated in U.S. dollars. 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, the first two-time winner of the Malcolm Baldrige National Quality Award, has a full range of industry-leading capabilities on five continents. Its headquarters are in Milpitas, Calif. CONTACT: media, Kevin Whalen, +1-408-956-6854, or kevinwhalen@ca.slr.com, or investors, Thomas Alsborg, +1-408-956-6614, or thomasalsborg@ca.slr.com, both of Solectron Corporation.