Solectron Corporation Sets Meeting Date and Record Date for Special Meeting of Stockholders



    MILPITAS, CALIF., August 1 /CNW/ - Solectron Corporation (NYSE:  SLR) today
announced that a special meeting of stockholders, to consider and vote upon
the proposed merger with Flextronics International Ltd., has been set for
Sept. 27, 2007. The meeting will be held at Solectron's principal executive
offices at 847 Gibraltar Drive, Building 5, Milpitas, California, 95035 and
will begin at 8 a.m. Pacific time. The record date for the meeting is Aug. 6,
2007. A definitive joint proxy statement/prospectus relating to the special
meeting will be mailed to stockholders beginning on or about Aug. 13, 2007.

    About Solectron

    Solectron Corporation is one of the world's largest providers of complete
product lifecycle services. We offer collaborative design and new product
introduction, supply chain management, Lean manufacturing and aftermarket
services such as product warranty repair and end-of-life support to leading
customers worldwide. Solectron works with the world's premier providers of
networking, telecommunications, computing, storage, consumer, automotive,
industrial, medical, self-service automation and aerospace and defense
products. The company's industry-leading Lean Six Sigma methodology (Solectron
Production System(TM)) provides OEMs with quality, flexibility, innovation and
cost benefits that improve competitive advantage. Based in Milpitas, Calif.,
Solectron operates in more than 20 countries on five continents and had sales
from continuing operations of $10.6 billion in fiscal 2006. For more
information, visit us at www.solectron.com.

    Note: SOLECTRON and the Solectron logo are registered trademarks of
Solectron Corporation. The Solectron Production System, SPS, and Solectron
Supply Chain Solutions Suite are also trademarks of Solectron Corporation.
Other names mentioned are trademarks, registered trademarks or service marks
of their respective owners.

    Additional Information and Where to Find it:

    In connection with the Merger, Flextronics has filed with the Securities
and Exchange Commission ("SEC") a Registration Statement on Form S-4 that
contains a preliminary Joint Proxy Statement/Prospectus, and Solectron and
Flextronics plan to file with the SEC and mail to their respective
stockholders a definitive Joint Proxy Statement/Prospectus relating to the
proposed transaction. Investors and security holders are urged to read
carefully the Registration Statement and the preliminary Joint Proxy
Statement/Prospectus, and the definitive Joint Proxy Statement/Prospectus when
it becomes available, because they contain important information about
Flextronics, Solectron and the proposed merger. The Joint Proxy
Statement/Prospectus and other relevant materials and any other documents
filed with the SEC, may be obtained free of charge at the SEC's web site
www.sec.gov. In addition, investors and security holders may obtain a free
copy of other documents filed by Flextronics or Solectron by directing a
written request, as appropriate, to Solectron at 847 Gibraltar Drive,
Milpitas, CA 95035, Attention: Investor Relations, or to Flextronics's U.S.
offices at 2090 Fortune Drive, San Jose, CA 95131, Attention: Investor
Relations. Investors and security holders are urged to read the Joint Proxy
Statement/Prospectus and the other relevant materials before making any voting
or investment decision with respect to the proposed merger.

    This communication shall not constitute an offer to sell or the
solicitation of an offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any sale of securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such jurisdiction. No offering
of securities shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as amended.

    Participants in the Solicitation:

    Flextronics, Solectron and their respective directors and executive
officers may be deemed to be participants in the solicitation of proxies in
connection with the proposed merger. Information regarding the interests of
these directors and executive officers in the proposed transaction are
included in the Joint Proxy Statement/Prospectus referred to above. Additional
information regarding the directors and executive officers of Flextronics is
also included in Flextronics's proxy statement (Form DEF 14A) for the 2006
annual general meeting of Flextronics shareholders, which was filed with the
SEC on July 31, 2006. This document is available free of charge at the SEC's
website (www.sec.gov) and by contacting Flextronics Investor Relations at
Flextronicsinvestorrelations@flextronics.com. Additional information regarding
the directors and executive officers of Solectron is also included in
Solectron's proxy statement (Form DEF 14A) for the 2007 annual stockholders
meeting of Solectron, which was filed with the SEC on December 4, 2006. This
document is available free of charge at the SEC's website (www.sec.gov) and by
contacting Solectron at 847 Gibraltar Drive, Milpitas, CA 95035, Attention:
Investor Relations.




For further information:

For further information: Solectron Corporation Analyst: Perry Hayes, +1
408-956-7543 (U.S.) perryhayes@solectron.com

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SOLECTRON CORPORATION

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