EXHIBIT (a)(5)(E)



                        SOLECTRON ANNOUNCES FINAL RESULTS
                     OF TENDER OFFER FOR 2.75 PERCENT LYONS

For Immediate Release: July 25, 2002

MILPITAS, Calif. -- Solectron Corporation (NYSE: SLR), a leading provider of
electronics manufacturing and supply-chain management services, today announced
final results of its previously announced Modified Dutch Auction tender offer
for up to $1.5 billion principal amount at maturity of its 2.75 percent Liquid
Yield Option Notes due 2020 and issued in May 2000 (2.75 percent LYONs). The
offer expired at midnight EDT Friday, July 19, 2002.

Solectron has accepted for purchase, at a purchase price of $600 per $1,000 2.75
percent LYON, $1.5 billion principal amount at maturity of the tendered 2.75
percent LYONs. The purchase price applies to all 2.75 percent LYONs tendered. In
response to the offer, approximately $1.94 billion principal amount at maturity
of 2.75 percent LYONs were validly tendered and not withdrawn.

Because more than $1.5 billion principal amount at maturity of the 2.75 percent
LYONs were tendered, Solectron will purchase, on a prorated basis, approximately
77.4 percent of the 2.75 percent LYONs tendered. Payment for the 2.75 percent
LYONs accepted for purchase, and return of all other 2.75 percent LYONs tendered
and not accepted, is expected to occur by Friday, July 26, 2002.

The purpose of the tender offer was to reduce and effectively extend the average
maturity of Solectron's debt. Through the tender offer, the company will have
reduced the debt on its balance sheet, as of May 31, 2002, by about $919
million. Solectron is funding the total cash purchase price of $900 million from
its cash on hand.

For the offer, Morgan Stanley & Co. Incorporated served as the dealer manager,
U.S. Bank was the depositary and Georgeson Shareholder Communications was the
information agent.


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ABOUT SOLECTRON

Solectron (www.solectron.com) provides a full range of global manufacturing and
supply-chain management services to the world's premier high-tech electronics
companies. Solectron's offerings include new-product design and introduction
services, materials management, high-tech product manufacturing, and product
warranty and end-of-life support. Solectron, based in Milpitas, Calif., is the
first two-time winner of the Malcolm Baldrige National Quality Award.

Liquid Yield Option is a trademark of Merrill Lynch & Co.

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Analysts Contacts:

Thomas Alsborg, Solectron Corporation, (408) 956-6614 (U.S.),
  thomasalsborg@ca.slr.com

Tonya Chin, Solectron Corporation, (408) 956-6537 (U.S.),
  tonyachin@ca.slr.com

Media Contact:

Kimi Nishita, Solectron Corporation, (408) 956-6213 (U.S.),
  kiminishita@ca.slr.com