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Technology Stocks : Micron Electronics (MUEI) -- Ignore unavailable to you. Want to Upgrade?

To: joshi who wrote (2225)	11/5/1997 5:51:00 PM
From: emichael	Respond to of 4074

NAMPA, Idaho--(BUSINESS WIRE)--Nov. 5, 1997-- Wed, 5 Nov 1997 14:33:19 -0800 (PST) --Global contract manufacturer acquires European facility-- Micron Custom Manufacturing Services (MCMS) today announced the intent to acquire Alcatel Bell's Colfontaine, Belgium, operation. This acquisition would support MCMS' continued global expansion effort by adding its first European facility. MCMS will build products for some of its existing customers from the Colfontaine, Belgium, facility. Initially, MCMS plans to hire approximately 100 people to operate the 85,000 square-foot facility. "This is a strategic move for MCMS for several reasons," said Mr. Rob Subia, Chairman and Chief Executive Officer of MCMS. "First, establishing an operation in Europe helps us further our mission of being a global, seamless service provider, and further positions MCMS to meet our customers' global demands. Concurrently, this acquisition is unique in that our relationship with global telecommunications leader Alcatel will continue beyond the acquisition, and they will be one of our major customers. Most importantly, we can now better serve our customers European points of integration by having a facility that is in close proximity to them." MCMS provides a full range of services for the manufacture of custom complex printed circuit boards, memory modules and system level assemblies, including design, product engineering, procurement and material management, assembly, test engineering, quality assurance and just-in-time delivery or end-order fulfillment. MCMS focuses its marketing efforts on original equipment manufacturers in the high-growth networking, telecommunications and computer system industries that generally require custom board and system level design, assembly and test, short manufacturing lead times at competitive pricing, and a high degree of quality and technology. Micron Custom Manufacturing Services, Inc., is a wholly owned subsidiary of Micron Electronics, Inc., and has operations in Nampa, ID, Durham, NC, and Penang, Malaysia. Micron Electronics, Inc., and its subsidiaries manufacture electronic products and provide services for a wide range of computing and digital applications. Micron Electronics, Inc., common stock trades on the NASDAQ Stock Market under the symbol MUEI. MCMS information is available by calling 208/898-2600 or via the company's home page at microncms.com . For further information on Alcatel, visit its web page at alcatel.com .