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SOLECTRON CORPORATION ANNOUNCES FILING FOR PUBLIC OFFERING OF COMMON STOCK

 MILPITAS, Calif., Feb. 12 /PRNewswire/ - Solectron Corporation (NYSE: SLR) announced today that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed offering of 3 million shares of its common stock through a syndicate of underwriters managed by Merrill Lynch & Co., Hambrecht & Quist Incorporated and Needham & Company, Inc. All of the shares will be sold 9by the company. The company has also granted an over-allotment option to the underwriters of up to 450,000 shares.
 Solectron plans to use the net proceeds of the offering for general corporate purposes, including working capital and capital expenditures.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.
 Copies of the preliminary prospectus may be obtained from: Merrill Lynch & Co., World Financial Center, North Tower, Street Level, 250 Vesey Street, New York, New York 10281-1201, Hambrecht & Quist Incorporated, One Bush Street, San Francisco, Calif. 94104, or Needham & Company, Inc., 400 Park Avenue, New York, N.Y. 10022.
 -0- 2/12/93
 /CONTACT: Leonard Zanoni of Solectron Corporation, 408-956-6577/
 (SLR)


CO: Solectron Corporation ST: California IN: CPR SU: OFR

TS -- NY008 -- 6049 02/12/93 09:07 EST
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Publication:PR Newswire
Date:Feb 12, 1993
Words:277
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