Nu Horizons Electronics Corp. Announces Decision Regarding Stock Buy Back Program

MELVILLE, N.Y.--(Business Wire)--
Nu Horizons Electronics Corp. (NasdaqGM:NUHC) today announced
that, in light of uncertainties relating to both existing worldwide
economic conditions and credit markets, the company's board of
directors has determined it is preferable for the company to be
financially conservative and preserve its borrowing capacity for use
in its ongoing business operations, rather than to implement a common
stock buy back program at this time.

On October 8, 2008, during a discussion on the company's earnings
teleconference, it was disclosed that the board of directors was then
considering adopting a stock buy back plan.

According to Arthur Nadata, chairman and chief executive officer,
"As a means of enhancing value for our shareholders, the board of
directors gave full and serious consideration to adopting a stock
repurchase program. Nevertheless, the decision was made to preserve
the company's capital resources at this point in time, with the intent
of maintaining flexibility for Nu Horizons as we manage through this
uncertain economic environment and focus on achieving our operational
objectives of continued growth and improved profitability."

About Nu Horizons Electronics Corp.

Nu Horizons Electronics Corp. is a leading global distributor of
advanced technology semiconductor, display, illumination, power and
system solutions to a wide variety of commercial original equipment
manufacturers (OEMs) and Electronic Manufacturing Services providers
(EMS). With sales facilities in 54 locations across North America,
Europe and Asia and regional logistics centers throughout the globe,
Nu Horizons partners with a limited number of best-in-class suppliers
to provide in-depth product development, custom logistics and
life-cycle support to its customers. Information on Nu Horizons and
its services is available at http://www.nuhorizons.com.

Cautionary Statement Regarding Forward-Looking Statements

Except for historical information contained herein, the matters
set forth in this news release are forward looking statements. When
used in this press release, words such as "anticipate," "believe,"
"estimate," "expect," "intend" and similar expressions, as they relate
to Nu Horizons or its management, identify forward-looking statements.
Such forward-looking statements are based on the current beliefs of Nu
Horizons' management, as well as assumptions made by and information
currently available to its management. Forward-looking statements
involve certain risks and uncertainties that could cause actual
results to differ from those in the forward looking-statements.
Potential risks and uncertainties include such factors as the level of
business and consumer spending for electronic products, the amount of
sales of the company's products, the competitive environment within
the electronics industry, the ability of Nu Horizons to integrate C-88
AS' operations, the ability of the company to continue to expand its
operations, the level of costs incurred in connection with the
company's expansion efforts, the financial strength of the company's
customers and suppliers, the current economic and credit crisis and
risks and costs related to the pending Vitesse-related SEC and related
internal investigations. Investors are also directed to consider other
risks, costs and uncertainties discussed in documents filed by the
company with the Securities and Exchange Commission. Such statements
reflect our current view with respect to the future and are subject to
these and other risks, uncertainties and assumptions relating to Nu
Horizons' financial condition, results of operations, growth strategy
and liquidity. The company does not undertake any obligation to update
its forward-looking statements.

Company:
Nu Horizons Electronics Corp.
Kurt Freudenberg, 631-396-5000
Executive Vice President & Chief Financial Officer
kurt.freudenberg@nuhorizons.com
OR
Investor Relations
Connie Chandler, 212-842-4698
connie.chandler@nuhorizons.com

Copyright Business Wire 2008