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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Ellen who wrote (69310)	11/1/1999 5:43:00 PM
From: VegasMan	Respond to of 90042

Some KNT news biz.yahoo.com Monday November 1, 4:44 pm Eastern Time Company Press Release Kent Electronics Completes Acquisition of Orange Coast Companies HOUSTON--(BUSINESS WIRE)--November 1, 1999--Kent Electronics Corporation (NYSE:KNT - news) today announced that Kent Datacomm, its network integration division, has completed the acquisition of Orange Coast Datacomm, Inc., Orange Coast Cabling, Inc. and Go Telecomm, Inc., the three California based network integrators comprising the Orange Coast Companies. The acquisition of the Orange Coast Companies was previously announced on October 12, 1999. These companies provide comprehensive end-to-end voice and data network solutions to major corporations. The Orange Coast Companies have offices in Irvine and Santa Clara, California, and employ approximately 110 people. The combined sales were approximately $19 million for the year ended December 1998. This transaction is expected to be earnings per share neutral to slightly accretive for Kent in fiscal 2000. The terms of the transaction were not disclosed. The forward-looking statements in this press release involve risks and uncertainties which could cause actual results, performance or trends, including the above-mentioned transaction, to differ materially from those expressed in the forward-looking statements. The Company believes that all forward-looking statements made by it have a reasonable basis, but there can be no assurance that management's expectations, beliefs or projections as expressed in the forward-looking statements will actually occur or prove to be correct. In addition to general industry and economic conditions, factors that could cause actual results to differ materially from those discussed in the forward-looking statements in this press release, include, but are not limited to, the risks relating to forward-looking statements discussed in the Company's Annual Report on Form 10-K for the fiscal year ended April 3, 1999, including, but not limited to, the risks discussed under the captions ''Management of Growth'' and ''Risks Associated with Acquisitions.'' Kent Electronics is among the largest publicly traded specialty electronics distributors and network integrators. Kent's contract manufacturing subsidiary, K*TEC Electronics, is among the leading full-service contract manufacturers in the U.S.