Solectron Negotiating with Lucent on Equipment

MILPITAS, Calif., Feb. 1 -- Contract manufacturer Solectron Corp. said it is negotiating an agreement to purchase specialized equipment and usable inventory from Lucent Technologies for between $250 million and $290 million in cash.

As part of the agreement, Solectron would be awarded a multiyear contract to provide supply-chain services for selected Lucent optical networking products, the company said.

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