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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: The Phoenix who wrote (31182)	5/1/2000 4:35:00 PM
From: Rich1	Read Replies (1) \| Respond to of 63513

Probably jumped ship too early but I sold SLR today. If they straighten out their story as Arnold says "I will be back." <G>

To: The Phoenix who wrote (31182)	5/1/2000 6:35:00 PM
From: John Pitera	Respond to of 63513

Gary, I see that Susan wang of SLR gives the delayed closing on 4 plants being purchased from NT as the first reason for coming up light on EPS. The component shortage, appears to be contributory but not the primary reason. John ----------- Friday April 28, 4:29 pm Eastern Time Company Press Release SOURCE: Solectron Corp. Solectron Announces Outlook for Third Quarter FY00 MILPITAS, Calif., April 28 /PRNewswire/ -- Solectron Corporation (NYSE: SLR - news), the world's premier supply-chain facilitator for customized electronics technology, manufacturing and service solutions, announced today that concurrent with a separate announcement today regarding a proposed offering to raise approximately US$1.5 billion in proceeds from Liquid Yield Option(TM) Notes, Solectron also provided guidance for its third quarter of fiscal 2000. The company reported that based on its current outlook, net sales for the third quarter ending May 26, 2000, are expected to be in the range of US$3.4 billion to US$3.5 billion, and diluted earnings per share is expected to be in the range of US$0.20 to US$0.22. ``Market demand continues to be strong from almost every market segment served by the company,'' said Susan Wang, senior VP, chief financial officer and corporate secretary of Solectron Corporation. ``However, third quarter sales have been impacted by the delay of the closing of the transaction with Nortel Networks which was announced on April 4, 2000. Further, third quarter results may be impacted by supply disruptions resulting from certain component shortages and changes in product configuration requirements by certain OEM customers. The Nortel Networks acquisitions are expected to close in North America in the second quarter of calendar year 2000, and in Europe and Asia in the third quarter of calendar year 2000. ``Solectron is dedicated to recovering from the effect of any supply disruptions that occur in the third quarter. While there is no assurance that this can be fully achieved, we are comfortable with the street consensus estimates for diluted earnings per share (prior to non-recurring charges) of approximately US$0.84 for the full fiscal year ending Aug. 25, 2000.''