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raised its forecast for revenue and cash earnings in 2001 because of its recently announced deals with


(SNE) - Get Sony Corp. Report

and Singapore's

NatSteel Electronics


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The contract electronics manufacturer expects cash earnings of $1.22 to $1.25 a share, excluding goodwill amortization and other intangible costs, up from its previous forecast of $1.18 to $1.21 a share. According to a survey by

First Call/Thomson Financial

, 23 analysts expect the company to earn $1.18 a share in fiscal 2001.

The company, based in Milpitas, Calif., lowered its expected diluted earnings per share outlook to a range of 99 cents to $1.02 from previous guidance of $1.12 to $1.15. Solectron expects sales in the year ending Aug. 31, 2001, of more than $23 billion, up from a previous forecast of more than $20 billion.

On Oct. 18, Solectron said it would acquire two manufacturing facilities from Sony and provide Sony with manufacturing and supply-chain services. The company said it would acquire NatSteel for about $2.4 billion on Oct. 31.

Shares of Solectron were recently down $1.06, or 2.4%, to $43.94 in

New York Stock Exchange