Solectron Corporation (Quote), a provider of electronics manufacturing and supply-chain management services, said today it is negotiating toward an agreement to purchase specialized equipment and usable inventory from Lucent Technologies (Quote) for between $250 million and $290 million in cash.
As part of the prospective agreement, Solectron would be awarded a multi-year contract to provide supply- chain services for selected Lucent optical networking products.
In a short news release issued this morning, Solectron said both companies continue to negotiate, but various contingencies remain and the parties have not reached agreement on the prospective contract. Solectron added no guarantee exists that an agreement will be reached.
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