Solectron Strengthens Post-Manufacturing Services With Acquisition Of Artesyn Solutions

		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

Agreement Expands Solectron's Material Returns Processing, Repair And Refurbishment Capabilities MILPITAS, Calif., Dec. 6 /PRNewswire/ -- Solectron Corporation (NYSE: SLR) said today it has acquired Artesyn Solutions, Inc., a leading product support services company and wholly owned subsidiary of Artesyn Technologies, Inc. The acquisition expands the materials return processing, repair and refurbishment capabilities of Solectron's Global Services business unit. (Photo: http://www.newscom.com/cgi-bin/prnh/20001201/SLRLOGO ) With this acquisition, Solectron further strengthens its industry-leading post-manufacturing services offering with the addition of Artesyn Solution's extensive material returns processing capabilities. Artesyn Solutions also provides extensive repair, refurbishment, logistics and supply-chain management and end-of-life planning services for industry-leading customers in the personal computer, printer, storage, server, wireless and consumer electronics sectors. Solectron will fully integrate Artesyn Solutions into its existing worldwide Solectron Global Services operations. With sites in Lincoln, Calif.; Nashville, Tenn.; and Louisville, Ky., Artesyn is strategically located near key customers, logistics centers and important end-markets in North America. "This transaction is another important step for Solectron to provide the post-manufacturing capabilities our customers need in North America," said Bill Mitchell, executive vice president and president, Solectron Global Services. "Artesyn Solutions is recognized as a leader in material returns processing, and we intend to leverage that expertise globally through our network of Solectron Global Services sites. We believe Artesyn Solutions' capabilities and management team will nicely complement ours, while providing access to valuable service opportunities with new and existing Solectron customers." "The sale of the Artesyn Solutions business to Solectron is a solid strategic transaction for both companies," said Artesyn Technologies President and CEO, Joseph M. O'Donnell. "Since we acquired the business in 1997, Artesyn Solutions has had a steady record of solid financial performance and customer satisfaction. The combination with Solectron Global Services will provide them with additional resources and opportunities for continued growth." "With more that 36 service sites and contact centers worldwide, and the most complete set of capabilities, we believe that Solectron Global Services is the post-manufacturing services leader in the EMS industry," said Mitchell. "Solectron continues to look for opportunities to round out its services, and provide OEMs supply-chain solutions for the complete product life cycle." Solectron Global Services provides a full range of post-manufacturing services, including: product repair, upgrades, re-manufacturing and maintenance through factory and fast-hub service centers located around the world; CRM and 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. About Artesyn Technologies Artesyn Technologies, Inc., headquartered in Boca Raton, Fla., is a leading provider of power conversion equipment, real-time systems and logistics management for the communications industry. For more information about Artesyn Technologies and its products, please visit the company's Web site at http://www.artesyn.com . 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. 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, based on current expectations that involve a number of risks and uncertainties. In particular, while the companies have completed the transaction, there is no assurance that the expected benefits of the transaction will ever materialize. Other potential risks that could cause actual events to differ materially are included in Securities and Exchange Commission filings, 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. Analysts Contact: Thomas Alsborg, Solectron Corporation, 408-956-6614 (U.S.), thomasalsborg@ca.slr.com Media Contact: Robert (Bob) Kula, Solectron Corporation, 408-935-5405 (U.S.), robertkula@ca.slr.com