Feb 20, 2003
The transaction bolsters Solectron's North American network of asset-recovery centers, which provide de-manufacturing, remanufacturing, recycling and disposal services to customers. Brand-name electronics companies are increasingly outsourcing these and other product life-cycle services to reduce costs, save time and adhere to evolving legislative and environmental requirements.
Solectron intends to fully integrate the IBM center and its employees into its existing Solectron Global Services operations. Solectron provides the EMS industry's most extensive set of post-manufacturing services, including: product repair, upgrades, re-manufacturing and maintenance through factory and fast-hub service centers; CRM and help-desk support through customer call-in centers for end-users; logistics and parts management; asset value recovery; returns processing; warehousing; engineering change management and end-of-life manufacturing.
About Solectron
Solectron (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 $12.3 billion in fiscal 2002.
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, the integration of the acquired business and the three-year supply agreement, in each case based on current expectations that involve a number of risks and uncertainties. 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, S-4 and S-8 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: Solectron Corporation
Perry Hayes, 408/956-7543 (U.S./Analysts)
perryhayes@ca.slr.com
Tonya Chin, 408/956-6537 (U.S./Analysts)
tonyachin@ca.slr.com
Robert (Bob) Kula, 408/935-5405 (U.S./Media)
robertkula@ca.slr.com
