Exhibit 99.1
Media Contact:
Kimi Nishita, Solectron Corporation, Corporate Communications, +1 (408) 956 6213
(U.S.)

Analysts Contact:
Susan S. Wang, Solectron  Corporation,  SVP/Chief Financial Officer +1 (408) 956
6571 (U.S.)

                Solectron Completes Acquisition of SMART Modular
                               Technologies, Inc.

     - Company Continues Transformation to Supply-Chain Facilitator Model -

                 - Company Appoints Ajay Shah, President and CEO
                of Technology Solutions, and a Corporate Officer -

For Immediate Release: December 1, 1999

MILPITAS and FREMONT,  Calif. -- Solectron  Corporation (NYSE: SLR), the world's
premier  supply-chain   facilitator  for  customized   electronics   technology,
manufacturing  and service  solutions,  has completed its  acquisition  of SMART
Modular Technologies,  Inc. (NASDAQ:  SMOD), a leading designer and manufacturer
of memory  modules and memory cards,  embedded  computers and I/O products.  The
acquisition  is  another  step in  enabling  Solectron  to  expand  its  service
capabilities  and  infrastructure  as it continues  to  transform  itself into a
global supply-chain  facilitator.  Solectron  originally announced its intent to
acquire SMART on September 13, 1999.

Under the terms of the transaction, shareholders of SMART received .51 shares of
Solectron stock for each share of SMART stock.  Solectron  issued  approximately
23.1 million shares of Solectron common stock and assumed all stock options held
by SMART  employees.  The  transaction  was  accounted  for under the pooling of
interests method and was structured as a tax-free reorganization.

The  former  SMART  will  operate  under  Solectron's  newly  formed  technology
solutions  business unit, which is the combination of SMART, FORCE Computers and
Solectron's  corporate  technology  centers.  Ajay  Shah,  president  and CEO of
Solectron's  technology solutions business unit will head this organization.  As
part of this announcement, Shah has also been appointed a corporate officer.

With the  addition of SMART,  Solectron's  technology  solutions  business  unit
provides a full range of  value-added  solutions  across the entire product life
cycle.  This  includes  building  block  technologies  such as  memory  modules;
embedded  board  and  systems  solutions  for  telecommunications,   networking,
industrial control and consumer applications;  communications  solutions such as
I/O,  networking  and wireless  devices;  and  PC/server  solutions for servers,
desktops and notebook applications.

As  part  of the  acquisition,  Solectron  gained  design  centers  in  Fremont,
California;  Bangalore,  India;  Boston,  Massachusetts;  and Ayr, Scotland.  In
addition,  Solectron gained a manufacturing presence in Aguada, Puerto Rico, and
additional   manufacturing  capacity  through  SMART's  facilities  in  Fremont,
California; East Kilbride, Scotland; and Penang, Malaysia. Also as a part of the
acquisition,  Solectron added  approximately 1,900 associates and 290,000 square
feet (26,941 square meters) of manufacturing capacity.

Merrill Lynch acted as financial  advisor to Solectron,  and Morgan  Stanley and
Warburg Dillon Read acted as financial advisors to SMART.

About Solectron
Founded  in  1977,  Solectron  Corporation  (www.solectron.com)  is the  world's
largest  electronics  manufacturing  services  company  offering a full range of
integrated  supply-chain  solutions for the world's leading electronics original
equipment manufacturers. Solectron's integrated technology solutions, materials,
manufacturing  and operations,  and Global Services offer customers  competitive
outsourcing advantages,  such as access to advanced manufacturing  technologies,
shortened  product  time-to-market,  reduced  total cost of  ownership  and more
effective asset utilization.

The company  has  received  more than 210  quality  and service  awards from its
customers in addition to the 1997 and 1991  Malcolm  Baldrige  National  Quality
Awards.   Solectron  is  the  first  company  to  win  the  Baldrige  Award  for
Manufacturing twice in the 12-year history of the national program.  The company
has more than 39,000  associates  in 37  locations  worldwide,  with more than 8
million  square feet of capacity.  Revenues  for fiscal  1999,  ended August 27,
1999, were US$8.4 billion.

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