SAN JOSE, Calif., and DALLAS -- Sanmina Corporation (Nasdaq: SANM - news), a leading electronics contract manufacturer, and Alcatel (NYSE: ALA - news), a leading global supplier of next-generation networks, today announced they have signed a letter of intent for Sanmina to acquire Alcatel's manufacturing operations in Richardson, Texas. Alcatel announced in February 2001 that it planned to divest this operation. The transaction is expected to close in Sanmina's September 2001 quarter, following the execution of a definitive agreement and completion of all other government requirements. Financial terms of the agreement, which includes a multi-year supply contract, were not disclosed.Alcatel's advanced manufacturing operation in Richardson, which has a highly skilled management team and staff totaling 450 employees, is ISO 9001 and TL 9000 certified and occupies facilities totaling approximately 320,000 square feet. "We believe this transaction underscores our commitment to working closely with our customers," said Jure Sola, Sanmina's chairman and chief executive officer. "For over 15 years, Alcatel has been a valued customer, and we are pleased that they have selected us as a strategic manufacturing partner. We look forward to an expanded relationship and to providing this leading communications company with the superior products and services customers expect from Sanmina." Sanmina Corp. Alcatel SA