FREMONT, CA - May 31, 2002 - SYNNEX Information Technologies, Inc., a global information technology (IT) supply chain services company, today announced it has completed the previously announced acquisition of Gates/Arrow Distributing, a business unit of Arrow Electronics, Inc. (NYSE: ARW). "We're extremely pleased with the addition of the highly skilled Gates/Arrow sales, marketing and operations team as well as new business opportunities it brings to SYNNEX," stated Robert Huang, President and CEO of SYNNEX Information Technologies, Inc. "The Gates/Arrow acquisition will provide us with access to additional software products previously not represented by SYNNEX, and therefore, allow us to expand our solutions offerings and customer reach. With the integration of the two distribution organizations, we expect this transaction to result in continued superior service to our customers and growth with our existing and new vendor partners."

About SYNNEX
Founded in 1980 and headquartered in Fremont, CA, SYNNEX Information Technologies, Inc. is a global IT supply chain services company providing a comprehensive range of design-to-distribution services to original equipment manufacturers (OEMs) and technology solution providers worldwide. The company has strong expertise in IT distribution, electronics manufacturing and logistics services. SYNNEX works with leading industry suppliers in PCs and servers, motherboards, CPUs, memory, storage, networking, communication and component products.

Statements in this release that are forward looking involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this release. The Company assumes no obligation to update any forward-looking statements contained in this release. SYNNEX and the SYNNEX logo are trademarks of SYNNEX Information Technologies, Inc. or its subsidiaries and should be treated as such. All rights reserved. All other company names mentioned herein are trademarks of their respective owners.

Contact
Sandra Salah
Director of Marketing
SYNNEX Information Technologies, Inc.
Phone: (510) 668-3715
sandras@synnex.com