Exhibit 99.1

For Immediate Release		Corporate Headquarters
		40W267 Keslinger Road
For Details Contact:		PO Box 393
Edward J. Richardson	Kathleen S. Dvorak	LaFox, IL 60147-0393
Chairman and CEO	EVP & CFO	USA
Phone: (630) 208-2340	(630) 208-2208	Phone:      (630) 208-2200
E-mail: info@rell.com		Fax:           (630) 208-2550

RICHARDSON ELECTRONICS REPORTS

SECOND QUARTER FISCAL 2008 RESULTS

AND DECLARES A CASH DIVIDEND

LaFox, IL, January 9, 2008: Richardson Electronics, Ltd. (NASDAQ: RELL), a global provider of engineered solutions, today reported its second quarter results for the period ended December 1, 2007. Net sales for the second quarter of fiscal 2008 were $145.0 million, up 5.3% from $137.7 million during the second quarter of fiscal 2007. Gross profit improved to $33.8 million during the second quarter of fiscal 2008 as compared with $33.0 million during the second quarter of fiscal 2007. Operating income increased to $2.5 million during the second quarter of fiscal 2008 from $2.0 million during the second quarter of fiscal 2007. Net loss was $0.7 million during the second quarter of fiscal 2008, or $0.04 per diluted common share, as compared to net income of $1.1 million, or $0.06 per diluted common share, in the second quarter of fiscal 2007.

The net loss during the second quarter of fiscal 2008 reflects the impact of the following significant items:

• $0.9 million of expense related to foreign exchange loss for cash received from the sale of our Security Systems Division/Burtek Systems that was temporarily held in our European entities.

• $0.9 million of severance expense primarily related to contractual arrangements with employees relating to an acquisition.

• $0.5 million of income tax expense related to restructuring of inter-company debt with certain foreign subsidiaries.

“Our 5% sales growth in the quarter reflects growth in our RF, Wireless & Power Division and Electron Device Group offset by a slight decrease in sales within our Display Systems Group,” said Edward J. Richardson, Chairman, Chief Executive Officer and President. “We are encouraged by the consistent demand for our products as well as the progress we are making with our key initiatives that we believe will enhance the overall financial condition of the company.”

FINANCIAL HIGHLIGHTS — SECOND QUARTER FISCAL 2008

• Cash flows provided by operating activities were $2.7 million during the second quarter of fiscal 2008 compared with $3.7 million provided by operating activities during the second quarter of fiscal 2007.

• Net sales for RF, Wireless & Power Division and the Electron Device Group increased 6.1% and 7.4%, respectively, during the second quarter of fiscal 2008 compared to the second quarter of fiscal 2007.

• Net sales for the Display Systems Group decreased 2.4% during the second quarter of fiscal 2008 compared to the second quarter of fiscal 2007.

• The Asia/Pacific region experienced a 9.8% increase in net sales during the second quarter of fiscal 2008, as compared to the second quarter of fiscal 2007.

• Gross margin percentage for RF, Wireless & Power Division, Electron Device Group, and the Display Systems Group decreased 0.6%, 0.8%, and 2.9%, respectively, during the second quarter of fiscal 2008 compared to the second quarter of fiscal 2007.

• Operating income generated during the second quarter of fiscal 2008 was $2.5 million, a $0.5 million increase from the $2.0 million generated during the second quarter of fiscal 2007.

• Foreign exchange loss increased to $1.4 million during the second quarter of fiscal 2008 as compared to a foreign exchange gain of $0.2 million during the second quarter of fiscal 2007.

FINANCIAL HIGHLIGHTS — FIRST HALF FISCAL 2008

• Cash flows provided by operating activities were $8.7 million during the first half of fiscal 2008 while cash flows used by operating activities were $3.8 million during the first half of fiscal 2007.

• Net sales for RF, Wireless & Power Division and the Display Systems Group decreased 0.8% and 6.8%, respectively, during the first half of fiscal 2008 compared to the first half of fiscal 2007.

• Net sales for the Electron Device Group increased 3.6% during the first half of 2008 compared to the first half of fiscal 2007.

• Net sales for the Asia/Pacific geographic region increased 3.2% during the first half of fiscal 2008, as compared to the first half of fiscal 2007.

• Gross margin percentage for RF, Wireless & Power Division held constant while gross margin for Electron Device Group and the Display Systems Group decreased 0.2% and 1.4%, respectively, during the first half of fiscal 2008 compared to the first half of fiscal 2007.

• Operating income generated during the first half of fiscal 2008 was $5.1 million, a $1.0 million decrease from the $6.1 million generated during the first half of fiscal 2007.

• Foreign exchange loss increased to a loss of $1.8 million during the first six months of fiscal 2008 as compared to a foreign exchange loss of $0.2 million during the first six months of fiscal 2007.

OUTLOOK

“While our earnings fell short of our expectations, we are making progress in a number of significant areas of our business. We are nearing the completion of implementing our hub distribution infrastructure. In addition, some of our key initiatives for the remainder of fiscal 2008 include reducing our SG&A expenses, improving our inventory turns, reducing our foreign currency exposure and continuing to further improve our operating cash flow,” said Kathleen Dvorak, Chief Financial Officer.

“While these initiatives will take time, we are confident that these actions will deliver long-term value for all of our stakeholders,” added Mr. Richardson.

CASH DIVIDEND

The Company today also announced that its Board of Directors voted to declare a $0.02 cash dividend per share, which is a reduction of $0.02 per share from the prior dividend, to all holders of common stock. The cash dividend of $0.02 per share will be payable February 24, 2008 to all common stockholders of record on February 10, 2008. The Company currently has 14,816,914 shares of common stock outstanding. A dividend equal to 90 percent of the dividend paid on the common stock will be paid to the holders of the 3,048,258 outstanding shares of Class B common stock.

“The Board believes that a reduction in the cash dividend was an appropriate action based on the Company’s current financial performance,” said Mr. Richardson.

CONFERENCE CALL INFORMATION

On Thursday, January 10, 2008, at 9:00 a.m. CT, Edward J. Richardson; Chairman and Chief Executive Officer, and Kathleen S. Dvorak; Chief Financial Officer, will host a conference call to discuss the Company’s second quarter financial results. A question and answer session will be included as part of the call’s agenda. To listen to the call, please dial 888-481-7939 and enter passcode 242 190 08 approximately five minutes prior to the start of the call. A replay of the call will be available beginning at 11:00 a.m. on January 10, 2008, for seven days. The telephone numbers for the replay are (USA) 888-286-8010 and (International) 617-801-6888; access code 54175079.

This release includes certain “forward-looking” statements as defined by the Securities and Exchange Commission. Statements in this press release regarding the Company’s business which are not historical facts represent “forward-looking” statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Item 1A, “Risk Factors” in the Company’s Annual Report on Form 10-K for the most recently ended fiscal year. The Company assumes no responsibility to update the forward-looking statements in this release as a result of new information, future events, or otherwise.

About Richardson Electronics

Richardson Electronics, Ltd. is a global provider of “Engineered Solutions,” serving the RF, Wireless & Power Conversion; Electron Device; and Display Systems markets. The Company delivers engineered solutions for its customers’ needs through product manufacturing, systems integration, prototype design and manufacture, testing and logistics. Press announcements and other information about Richardson are available at www.rell.com.

Richardson Electronics, Ltd.

Unaudited Condensed Consolidated Statements of Operations

(In thousands, except per share amounts)

	Three Months Ended						Six Months Ended
	December 1, 2007			December 2, 2006			December 1, 2007			December 2, 2006
Statements of Operations
Net sales	$	144,985		$	137,714		$	274,450		$	277,151
Cost of sales		111,185			104,680			208,012			209,765
Gross profit		33,800			33,034			66,438			67,386
Selling, general, and administrative expenses		31,317			30,695			61,283			61,008
Loss on disposal of assets		10			339			11			320
Operating income		2,473			2,000			5,144			6,058
Other (income) expense:
Interest expense		1,616			1,432			4,244			3,042
Investment income		(245	)		(737	)		(616	)		(814	)
Foreign exchange (gain) loss		1,357			(233	)		1,801			154
Retirement of long-term debt expenses		—			—			—			2,540
Other, net		(39	)		(1	)		8			13
Total other expense		2,689			461			5,437			4,935
Income (loss) from continuing operations before income taxes		(216	)		1,539			(293	)		1,123
Income tax provision		464			209			778			601
Income (loss) from continuing operations		(680	)		1,330			(1,071	)		522
Income (loss) from discontinued operations, net of tax		24			(248	)		55			(539	)
Net income (loss)	$	(656	)	$	1,082		$	(1,016	)	$	(17	)
Net income (loss) per common share – basic:
Income (loss) from continuing operations	$	(0.04	)	$	0.08		$	(0.06	)	$	0.03
Income (loss) from discontinued operations		0.00			(0.02	)		0.00			(0.03	)
Net income (loss) per common share – basic	$	(0.04	)	$	0.06		$	(0.06	)	$	(0.00	)
Net income (loss) per common share – diluted:
Income (loss) from continuing operations	$	(0.04	)	$	0.08		$	(0.06	)	$	0.03
Income (loss) from discontinued operations		0.00			(0.02	)		0.00			(0.03	)
Net income (loss) per common share – diluted	$	(0.04	)	$	0.06		$	(0.06	)	$	(0.00	)
Weighted average number of shares:
Common shares – basic		14,798			14,451			14,783			14,435
Class B common shares – basic		3,048			3,073			3,048			3,073
Common shares – diluted (1)		14,798			17,669			14,783			17,590
Class B common shares – diluted		3,048			3,073			3,048			3,073
Dividends per common share	$	0.040		$	0.040		$	0.080		$	0.080
Dividends per Class B common share	$	0.036		$	0.036		$	0.072		$	0.072

(1) Total common stock equivalents and Class B common stock for the three and six months ended December 1, 2007, are excluded from our diluted earnings per share calculation because their impact would be anti-dilutive.

Richardson Electronics, Ltd.

Unaudited Condensed Consolidated Balance Sheets

(In thousands, except per share amounts)

	December 1, 2007			June 2, 2007
Assets
Current assets:
Cash and cash equivalents	$	20,200		$	17,436
Restricted cash		—			61,899
Receivables, less allowance of $1,464 and $1,574		104,271			105,709
Inventories		115,762			110,174
Prepaid expenses		4,928			5,129
Deferred income taxes		2,471			2,131
Current assets of discontinued operations held for sale		137			242
Total current assets		247,769			302,720
Non-current assets:
Property, plant and equipment, net		30,883			29,278
Goodwill		12,307			11,611
Other intangible assets, net		875			1,581
Non-current deferred income taxes		1,089			389
Assets held for sale		1,200			1,429
Other assets		1,802			2,058
Non-current assets of discontinued operations held for sale		5			5
Total non-current assets		48,161			46,351
Total assets	$	295,930		$	349,071
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	67,784		$	55,530
Accrued liabilities		20,296			31,330
Current portion of long-term debt		—			65,711
Current liabilities of discontinued operations held for sale		149			2,737
Total current liabilities		88,229			155,308
Non-current liabilities:
Long-term debt, less current portion		55,683			55,683
Long-term income tax liabilities		7,063			—
Non-current liabilities		1,418			1,535
Total non-current liabilities		64,164			57,218
Total liabilities		152,393			212,526
Commitments and contingencies		—			—
Stockholders’ equity
Common stock, $0.05 par value; issued 15,929 shares at December 1, 2007 and 15,920 shares at June 2, 2007		797			796
Class B common stock, convertible, $0.05 par value; issued 3,048 at December 1, 2007 and June 2, 2007		152			152
Preferred stock, $1.00 par value, no shares issued		—			—
Additional paid-in-capital		119,450			118,880
Common stock in treasury, at cost, 1,112 shares at December 1, 2007 and 1,179 shares at June 2, 2007		(6,592	)		(6,989	)
Retained earnings		19,210			21,631
Accumulated other comprehensive income		10,520			2,075
Total stockholders’ equity		143,537			136,545
Total liabilities and stockholders’ equity	$	295,930		$	349,071

Richardson Electronics, Ltd.

Unaudited Condensed Consolidated Statements of Cash Flows

(In thousands)

	Three Months Ended						Six Months Ended
	December 1, 2007			December 2, 2006			December 1, 2007			December 2, 2006
Operating activities:
Net income (loss)	$	(656	)	$	1,082		$	(1,016	)	$	(17	)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:
Depreciation and amortization		1,258			1,569			2,573			3,117
Loss on disposal of assets		10			339			11			320
Retirement of long-term debt expenses		—			—			—			2,540
Write-off of deferred financing costs		—			—			643			62
Stock compensation expense		249			400			347			576
Deferred income taxes		(201	)		13			(979	)		(229	)
Receivables		(3,457	)		4,104			5,400			3,308
Inventories		5,134			(3,113	)		(1,429	)		(7,831	)
Accounts payable and accrued liabilities		1,982			39			4,846			(4,539	)
Other liabilities		(170	)		33			(177	)		114
Other		(1,410	)		(773	)		(1,548	)		(1,243	)
Net cash provided by (used in) operating activities		2,739			3,693			8,671			(3,822	)
Investing activities:
Capital expenditures		(2,314	)		(1,866	)		(3,892	)		(2,725	)
Proceeds from sale of assets		346			37			387			43
Proceeds from sales of available-for-sale securities		—			3,564			157			3,682
Purchases of available-for-sale securities		—			(64	)		(157	)		(182	)
Net cash provided by (used in) investing activities		(1,968	)		1,671			(3,505	)		818
Financing activities:
Proceeds from borrowings		65,600			65,871			111,400			137,411
Payments on debt		(69,800	)		(69,594	)		(177,040	)		(129,810	)
Restricted cash		—			—			61,899			—
Proceeds from issuance of common stock		—			720			69			720
Cash dividends		(703	)		(692	)		(1,405	)		(1,379	)
Payments on retirement of long-term debt		—			(6,515	)		—			(7,215	)
Other		(95	)		(172	)		(95	)		(658	)
Net cash used in financing activities		(4,998	)		(10,382	)		(5,172	)		(931	)
Effect of exchange rate changes on cash and cash equivalents		2,646			426			2,770			535
Increase (decrease) in cash and cash equivalents		(1,581	)		(4,592	)		2,764			(3,400	)
Cash and cash equivalents at beginning of period		21,781			18,202			17,436			17,010
Cash and cash equivalents at end of period	$	20,200		$	13,610		$	20,200		$	13,610

Richardson Electronics, Ltd.

Unaudited Net Sales and Gross Profit

For the Second Quarter and First Six Months of Fiscal 2008 and 2007

(In thousands)

By Business Unit:

	Net Sales						Gross Profit
	FY 2008		FY 2007		% Change		FY 2008			GP% of Sales		FY 2007			GP% of Sales
Second Quarter
RF, Wireless & Power Division	$	95,486	$	89,994	6.1	%	$	21,095		22.1	%	$	20,392		22.7	%
Electron Device Group		27,379		25,494	7.4	%		8,728		31.9	%		8,339		32.7	%
Display Systems Group		20,873		21,380	(2.4	%)		4,457		21.4	%		5,192		24.3	%
Corporate		1,247		846				(480	)				(889	)
Total	$	144,985	$	137,714	5.3	%	$	33,800		23.3	%	$	33,034		24.0	%
	FY 2008		FY 2007		% Change		FY 2008			GP% of Sales		FY 2007			GP% of Sales
Six Months
RF, Wireless & Power Division	$	179,792	$	181,326	(0.8	%)	$	41,467		23.1	%	$	41,855		23.1	%
Electron Device Group		51,962		50,168	3.6	%		16,517		31.8	%		16,050		32.0	%
Display Systems Group		40,262		43,209	(6.8	%)		8,897		22.1	%		10,157		23.5	%
Corporate		2,434		2,448				(443	)				(676	)
Total	$	274,450	$	277,151	(1.0	%)	$	66,438		24.2	%	$	67,386		24.3	%
By Geographic Area:
	Net Sales						Gross Profit
	FY 2008		FY 2007		% Change		FY 2008			GP% of Sales		FY 2007			GP% of Sales
Second Quarter
North America	$	59,033	$	56,929	3.7	%	$	15,454		26.2	%	$	15,130		26.6	%
Asia/Pacific		43,164		39,295	9.8	%		9,412		21.8	%		9,014		22.9	%
Europe		37,715		37,015	1.9	%		9,384		24.9	%		9,214		24.9	%
Latin America		4,440		3,965	12.0	%		1,295		29.2	%		1,137		28.7	%
Corporate		633		510				(1,745	)				(1,461	)
Total	$	144,985	$	137,714	5.3	%	$	33,800		23.3	%	$	33,034		24.0	%
	FY 2008		FY 2007		% Change		FY 2008			GP% of Sales		FY 2007			GP% of Sales
Six Months
North America	$	111,840	$	117,313	(4.7	%)	$	29,587		26.5	%	$	30,682		26.2	%
Asia/Pacific		81,293		78,801	3.2	%		18,899		23.2	%		18,581		23.6	%
Europe		71,917		70,614	1.8	%		18,637		25.9	%		18,261		25.9	%
Latin America		8,534		8,940	(4.5	%)		2,562		30.0	%		2,605		29.1	%
Corporate		866		1,483				(3,247	)				(2,743	)
Total	$	274,450	$	277,151	(1.0	%)	$	66,438		24.2	%	$	67,386		24.3	%

Note: Europe includes net sales and gross profit to the Middle East and Africa.

Latin America includes net sales and gross profit to Mexico.

Corporate consists of freight and other non-specific net sales.