Arrow Electronics Acquires MOCA; A Leading Reseller of Sun Microsystems in North America.

Business/Technology Editors

MELVILLE, N.Y.--(BUSINESS WIRE)--Oct. 30, 2000

Arrow Electronics, Inc. (NYSE:ARW) announced that it has completed its previously- announced acquisition of Merisel's Open Computing Alliance (MOCA(R)).

MOCA, with 1999 revenues of nearly $1 billion, is wholly focused on Sun Enterprise Solutions, selling enterprise software, storage area networks, Solaris operating systems, and professional services which run on Sun hardware. With over 100 sales consultants in North America and 24 technical services and support team members, MOCA has grown its customer base substantially since being authorized to sell and support Sun products at the end of 1993.

The acquisition is expected to be accretive to Arrow's earnings in 2001.

"We are excited to add the MOCA team to our North American Computer Products group," said Francis M. Scricco, President and Chief Executive Officer of Arrow. "We fully believe that the midrange server arena will continue to experience significant growth, and MOCA, one of only three authorized distributors of Sun in the United States, has demonstrated leadership in this area. Furthermore, we are adding to our management depth with Rich Severa and Bill Page, who will continue to lead MOCA," he added.

"Storage and servers are the critical underpinnings of the Internet," said Michael J. Long, President of Arrow's North American Computer Products group. "Several weeks ago we completed the acquisition of Wyle Systems, which strengthened our Compaq offering. Our SNI and SBM groups specialize in the midrange products of IBM and HP. MOCA's focus on Sun Microsystems really fills out our product offering," he added.

Arrow Electronics is the world's largest distributor of electronic components and computer products, with 1999 sales of $9.3 billion. Headquartered in Melville, New York, Arrow serves as a supply channel partner for more than 600 suppliers and 175,000 original equipment manufacturers, contract manufacturers, and commercial customers through more than 225 sales facilities and 19 distribution centers in 38 countries. Detailed information about Arrow's operations can be found at www.arrow.com.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. This press release contains forward-looking statements that are subject to certain risks and uncertainties which could cause actual results or facts to differ materially from such statements for a variety of reasons including, but are not limited to: industry conditions, changes in product supply, pricing, and customer demand, competition, other vagaries in the computer and electronic components markets, changes in relationships with key suppliers and the other risks described from time to time in the company's reports to the Securities and Exchange Commission (including the company's Annual Report on Form 10-K). Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company undertakes no obligation to update publicly or revise any forward-looking statements.