<SEC-DOCUMENT>0000912057-01-536063.txt : 20011026
<SEC-HEADER>0000912057-01-536063.hdr.sgml : 20011026
ACCESSION NUMBER:		0000912057-01-536063
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20011019
FILED AS OF DATE:		20011019

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CELESTICA INC
		CENTRAL INDEX KEY:			0001030894
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC COMPONENTS, NEC [3679]
		IRS NUMBER:				980185558
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14832
		FILM NUMBER:		1762886

	BUSINESS ADDRESS:	
		STREET 1:		12 CONCORD PL
		STREET 2:		7TH FL
		CITY:			ONTARIO M3C 1V7
		STATE:			A6
		BUSINESS PHONE:		416442211
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a2061496z6-k.txt
<DESCRIPTION>FORM 6-K
<TEXT>
<PAGE>

           -----------------------------------------------------------

                                   FORM 6-K/A

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                        REPORT OF FOREIGN PRIVATE ISSUER

                      PURSUANT TO RULE 13A-16 OR 15D-16 OF

                       THE SECURITIES EXCHANGE ACT OF 1934

                          For the month of October 2001

                     --------------------------------------

                                 CELESTICA INC.
                 (TRANSLATION OF REGISTRANT'S NAME INTO ENGLISH)

                     --------------------------------------

                                12 CONCORDE PLACE
                                TORONTO, ONTARIO
                                 CANADA, M3C 3R8
                                                  (416) 448-5800
                    (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)

         Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.

                 Form 20-F  X                    Form 40-F
                          -----                           -----

         Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.

                 Yes                             No  X
                    -----                          -----

         If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-_________


-----------------------------------------------------------------------------


<PAGE>



                                 CELESTICA INC.
                                   FORM 6-K/A
                              MONTH OF OCTOBER 2001

Filed with this Form 6-K/A is the following:



-     Press Release, dated October 17, 2001, the text of which is attached
hereto as Exhibit 99.1 and is incorporated herein by reference, including
Celestica Inc.'s third quarter 2001 consolidated financial information.

-     Press Release, dated October 17, 2001, the text of which is attached
hereto as Exhibit 99.2 and is incorporated herein by reference, including
Celestica Inc.'s third quarter supplemental information.

-     Material Change Report, dated October 19, 2001, the text of which is
attached hereto as Exhibit 99.3 and is incorporated herein by reference.

The Material Change Report attached hereto is not incorporated by reference
in any effective registration statement or prospectus of Celestica Inc.

EXHIBITS

99.1  - Press Release, dated October 17, 2001

99.2  - Press Release, dated October 17, 2001

99.3  - Material Change Report, dated October 19, 2001



<PAGE>


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.






                                   CELESTICA INC.




Date: October 19, 2001             BY: /s/ Elizabeth DelBianco
                                      --------------------------------------
                                      Name:  Elizabeth DelBianco
                                      Title: Vice President & General Counsel

<PAGE>

                                  EXHIBIT INDEX


<TABLE>
<CAPTION>
         EXHIBIT                    DESCRIPTION

         <S>                        <C>
         99.1                       Press Release

         99.2                       Press Release

         99.3                       Material Change Report

</TABLE>




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>a2061496zex-99_1.txt
<DESCRIPTION>EXHIBIT 99.1 (PRESS RELEASE RE: 3RD Q FIN INFO.
<TEXT>
<PAGE>


                                                                    Exhibit 99.1


THIRD QUARTER RESULTS                                Wednesday, October 17, 2001
(All amounts in U.S. dollars.
Per share information based on diluted
shares outstanding unless noted otherwise.
Historical per share information reflects the impact
of the December 1999 two-for-one stock split and the
treasury stock method, retroactively applied)



                      CELESTICA ANNOUNCES THIRD QUARTER AND
                          NINE MONTH FINANCIAL RESULTS

      Fourth Quarter Outlook Benefits from Restructuring, Key Acquisitions


--------------------------------------------------------------------------------
                                   HIGHLIGHTS

<TABLE>
<CAPTION>
           NINE MONTHS ENDED SEPT. 30                     2001                 2000         CHANGE
           --------------------------                     ----                 ----         ------

                    <S>                                   <C>                <C>           <C>
                    Revenue                               $7.6B                $6.3B         +20%
                    Adjusted Net Earnings                 $245M                $187M         +31%
                    Adjusted EPS                          $1.08                $0.89         +21%

                    Cash Provided by Operations           $401M               $(238M)       +$639M
                    Cash Position                         $966M                $942M         +$24M
</TABLE>


<TABLE>
<CAPTION>
           Q3 ACTUALS/Q4 GUIDANCE                    Q3 2001 ACTUAL      Q4 2001 GUIDANCE
           ----------------------                    --------------      ----------------
                    <S>                                   <C>              <C>
                    Revenue                               $2.2B            $2.2B - $2.6B
                    Adjusted EPS                          $0.27            $0.27 - $0.35
</TABLE>

--------------------------------------------------------------------------------



TORONTO, Canada - Celestica Inc. (NYSE, TSE: CLS), a world leader in electronics
manufacturing services (EMS), today announced financial results for the third
quarter and nine months ended September 30, 2001.

For the nine-month period ended September 30, 2001, revenue was $7,556 million,
up 20 per cent from $6,304 million for the same period last year. Adjusted net
earnings were $245.1 million, up 31 per cent from $187.2 million last year.
Adjusted net earnings per share were $1.08, up 21 per cent from $0.89 for the
same period last year. Year-to-date one-time pre-tax charges amounted to $136.6
million of which $76 million represented non-cash charges.

Reflective of weak end-market demand, revenue for the three months ended
September 30, 2001 was $2,203 million, down 15 per cent from $2,600 million in
the third quarter of 2000. Adjusted net earnings, which exclude the after-tax
impact of amortization of intangible assets, integration costs related to
acquisitions and one-time charges, decreased 23 per cent to $64.7 million,
compared to $83.9 million in the same period last year. Adjusted net earnings
per share were $0.27, down 29 per cent from a year ago. The company's guidance
for the third quarter, which was provided in July, was for revenue of $2.2 -
$2.5 billion with adjusted earnings per share of $0.27 - $0.35.

<PAGE>
                                       2


During the quarter, the company recorded a one-time pre-tax charge of $79.6
million. This included a previously announced restructuring charge of $43.5
million, as well as a non-cash charge of $36.1 million associated with the
re-valuing of certain assets, primarily goodwill and intangible assets.

Cash provided from operations in the third quarter was $450 million and
inventory, excluding the affects of acquisitions made in the quarter, decreased
$234 million. Cash at quarter end was $966 million.

 "The major impact on end-markets associated with the global downturn in
communications and information technology spending has created a challenging
environment but, we are responding in a focussed and effective manner," said
Eugene Polistuk, chairman and CEO, Celestica. "During this period, the
organization has been concentrating its efforts on reducing costs and improving
operating efficiency. We believe that by continuing with this approach,
Celestica will be able to further drive cost reductions for its customers while
still maximizing its operating returns.

"In this difficult environment, we have kept our balance sheet strong and are
generating positive cash flow from operations. We can't predict when end-markets
will turn around but remain committed to investing in strategic long-term
opportunities such as the recent expansion of our relationship with Lucent and
our acquisition of Omni Industries. The long-term outsourcing opportunity ahead
of us is significant and we believe we will be one of the key beneficiaries of
this trend."

Given the current end-market challenges, the company also announced that it will
incur further pre-tax restructuring charges between $100 million to $130 million
in the fourth quarter as it continues to balance supply with ongoing end-market
difficulties.

Although the current economic uncertainty is making it more difficult to provide
guidance, the company does expect to post sequential gains in revenue, margins
and cash net earnings in the fourth quarter. The company expects revenues in the
range of $2.2-$2.6 billion, and adjusted net earnings per share of approximately
$0.27-$0.35 as it starts to benefit from its restructuring activities, new
outsourcing agreements and recent acquisitions.


ABOUT CELESTICA
Celestica is a world leader in electronics manufacturing services (EMS) for
industry-leading original equipment manufacturers (OEMs), primarily in the
computer and communications sectors. With facilities in North America, Europe,
Asia and Latin America, Celestica provides a broad range of services including
design, prototyping, assembly, testing, product assurance, supply chain
management, worldwide distribution and after-sales service.

For further information on Celestica, visit its website at www.celestica.com.
The company's security filings can also be accessed at www.sedar.com and
www.sec.gov.



                                                                     more...



<PAGE>
                                       3


SAFE HARBOUR AND FAIR DISCLOSURE STATEMENT
STATEMENTS CONTAINED IN THIS PRESS RELEASE WHICH ARE NOT HISTORICAL FACTS ARE
FORWARD-LOOKING STATEMENTS WHICH INVOLVE RISK AND UNCERTAINTIES WHICH COULD
CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED IN THE
FORWARD-LOOKING STATEMENTS. AMONG THE KEY FACTORS THAT COULD CAUSE SUCH
DIFFERENCES ARE: THE LEVEL OF OVERALL GROWTH IN THE ELECTRONICS MANUFACTURING
SERVICES (EMS) INDUSTRY; LOWER-THAN-EXPECTED CUSTOMER DEMAND; COMPONENT
CONSTRAINTS; VARIABILITY OF OPERATING RESULTS AMONG PERIODS; DEPENDENCE ON THE
COMPUTER AND COMMUNICATIONS INDUSTRIES; DEPENDENCE ON A LIMITED NUMBER OF
CUSTOMERS; AND THE ABILITY TO MANAGE EXPANSION, CONSOLIDATION AND THE
INTEGRATION OF ACQUIRED BUSINESSES. THESE AND OTHER FACTORS ARE DISCUSSED IN THE
COMPANY'S VARIOUS PUBLIC FILINGS AT www.sedar.com AND http://www.sec.gov.


AS OF ITS DATE, THIS PRESS RELEASE CONTAINS ANY MATERIAL INFORMATION ASSOCIATED
WITH THE COMPANY'S THIRD QUARTER FINANCIAL RESULTS, AND REVENUE AND ADJUSTED
EARNINGS GUIDANCE FOR THE FOURTH QUARTER ENDING DECEMBER 31, 2001.

<TABLE>

<S>                                              <C>
Contacts:
Laurie Flanagan                                   Paul Carpino
Celestica Corporate Communications                Celestica Investor Relations
(416) 448-2200                                    (416) 448-2211
media@celestica.com                               clsir@celestica.com
</TABLE>



                                                                     more...

<PAGE>
                                       4


                                 CELESTICA INC.

                           CONSOLIDATED BALANCE SHEETS
                         (IN THOUSANDS OF U.S. DOLLARS)
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                    DECEMBER 31     SEPTEMBER 30
                                                         2000           2001
                                                   --------------  -------------
<S>                                                <C>             <C>
ASSETS
Current assets:
  Cash and short-term investments................. $     883,757   $     965,899
  Accounts receivable ............................     1,785,716       1,313,473
  Inventories ....................................     1,664,304       1,671,137
  Prepaid and other assets........................       138,830         132,349
  Deferred income taxes...........................        48,357          31,687
                                                   -------------   -------------
                                                       4,520,964       4,114,545
Capital assets ...................................       633,438         890,824
Intangible assets ................................       578,272         794,630
Other assets .....................................       205,311         137,593
                                                   -------------   -------------
                                                   $   5,937,985   $   5,937,592
                                                   =============   =============

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
  Accounts payable................................ $   1,730,460   $     886,541
  Accrued liabilities.............................       466,310         425,340
  Income taxes payable............................        52,572          16,170
  Deferred income taxes...........................         7,702           7,710
  Current portion of long-term debt ..............         1,364             187
                                                   -------------   -------------
                                                       2,258,408       1,335,948
Accrued post-retirement benefits .................        38,086          44,982
Long-term debt ...................................       130,581         130,154
Other long-term liabilities.......................         3,000           3,115
Deferred income taxes.............................        38,641          13,762
                                                   -------------   -------------
                                                       2,468,716       1,527,961
Shareholders' equity:
  Convertible debt................................       860,547         879,994
  Capital stock (note 4)..........................     2,395,414       3,294,216
  Retained earnings...............................       217,512         238,568
  Foreign currency translation adjustment.........        (4,204)         (3,147)
                                                    ------------    -------------
                                                       3,469,269       4,409,631
                                                    ------------    ------------
                                                   $   5,937,985   $   5,937,592
                                                   =============   =============
</TABLE>


          SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.

                THESE INTERIM FINANCIAL STATEMENTS SHOULD BE READ
                   IN CONJUNCTION WITH THE ANNUAL CONSOLIDATED
                              FINANCIAL STATEMENTS.





                                                                     more...
<PAGE>
                                       5


                                 CELESTICA INC.

            CONSOLIDATED STATEMENTS OF EARNINGS AND RETAINED EARNINGS
            (IN THOUSANDS OF U.S. DOLLARS, EXCEPT PER SHARE AMOUNTS)
                                   (UNAUDITED)


<TABLE>
<CAPTION>
                                                        THREE MONTHS ENDED              NINE MONTHS ENDED
                                                           SEPTEMBER 30                    SEPTEMBER 30
                                                         2000            2001           2000          2001
                                                   --------------  -------------  --------------  ------------
<S>                                                  <C>            <C>             <C>            <C>
Revenue...........................................   $  2,600,149   $ 2,202,950     $  6,304,355   $ 7,556,231
Cost of sales.....................................      2,416,646     2,053,406        5,864,430     7,021,208
                                                     ------------    ----------     ------------    ----------
Gross profit......................................        183,503       149,544          439,925       535,023
Selling, general and administrative expenses .....         85,121        79,404          216,603       254,863
Amortization of intangible assets ................         25,607        32,158           60,178        89,866
Integration costs related to acquisitions ........          4,842        10,017           10,413        20,140
Other charges (note 5)............................              -        79,614                -       136,612
                                                     ------------    ----------     ------------    ----------
Operating income (loss)...........................         67,933       (51,649)         152,731        33,542
Interest on long-term debt........................          3,706         4,463           11,463        13,912
Interest income, net..............................         (8,935)       (9,538)         (24,786)      (24,985)
                                                     ------------    -----------    ------------    ----------
Earnings (loss) before income taxes...............         73,162       (46,574)         166,054        44,615
                                                     ------------    -----------    ------------    ----------
Income taxes:
  Current (recovery)..............................         23,225        (4,006)          54,168        15,308
  Deferred (recovery).............................         (5,740)       (3,911)         (11,318)       (2,675)
                                                     -------------   -----------    -------------   -----------
                                                           17,485        (7,917)          42,850        12,633
                                                     ------------    -----------    ------------    ----------
Net earnings (loss) for the period................         55,677       (38,657)         123,204        31,982

Retained earnings, beginning of period............         83,735       281,114           16,208       217,512
Convertible debt accretion, net of tax............         (2,098)       (3,889)          (2,098)      (10,926)
                                                     -------------   -----------    -------------   -----------
Retained earnings, end of period..................   $    137,314    $  238,568     $    137,314    $  238,568
                                                     ============    ==========     ============    ==========

Basic earnings (loss) per share...................   $      0.26     $    (0.20)    $       0.61    $     0.10


Diluted earnings (loss) per share (note 2)........   $      0.25     $    (0.20)    $       0.59    $     0.10


Weighted average number of shares outstanding:
   - basic (in thousands)......................          203,003        218,066          198,633       208,021
   - diluted (in thousands) (note 2)..............       220,007        218,066          210,033       226,605
</TABLE>



                CONSOLIDATED STATEMENTS OF ADJUSTED NET EARNINGS
            (IN THOUSANDS OF U.S. DOLLARS, EXCEPT PER SHARE AMOUNTS)
                                   (UNAUDITED)

<TABLE>
<CAPTION>
                                                          THREE MONTHS ENDED            NINE MONTHS ENDED
                                                             SEPTEMBER 30                  SEPTEMBER 30
                                                         2000            2001           2000            2001
                                                   --------------  -------------- --------------  --------------

<S>                                                   <C>             <C>           <C>             <C>
Adjusted net earnings (1).........................    $    83,925     $  64,685     $   187,189     $  245,070


Adjusted net earnings per share - basic...........    $      0.40     $    0.28     $      0.93     $     1.13


Adjusted net earnings per share - diluted (2)
(note 2)..........................................    $      0.38     $    0.27     $      0.89     $     1.08
</TABLE>


(1)   Adjusted net earnings exclude the after-tax effect of integration costs
      related to acquisitions, other charges and amortization of intangible
      assets

(2)   For purposes of the diluted per share calculation for the three months
      ended September 30, 2001, the weighted average number of shares
      outstanding, in thousands, was 235,665.

          SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
    THESE INTERIM FINANCIAL STATEMENTS SHOULD BE READ IN CONJUNCTION WITH THE
                    ANNUAL CONSOLIDATED FINANCIAL STATEMENTS.


                                                                         more...

<PAGE>
                                       6



                                 CELESTICA INC.

                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                         (IN THOUSANDS OF U.S. DOLLARS)
                                   (UNAUDITED)


<TABLE>
<CAPTION>
                                                         THREE MONTHS ENDED             NINE MONTHS ENDED
                                                            SEPTEMBER 30                   SEPTEMBER 30
                                                        2000            2001           2000            2001
                                                   -------------- --------------  --------------  --------------
   <S>                                               <C>            <C>             <C>             <C>
   CASH PROVIDED BY (USED IN):
   OPERATIONS:
   Net earnings (loss) for the period .............. $    55,677    $    (38,657)   $    123,204    $     31,982
   Items not affecting cash:
     Depreciation and amortization..................      58,335          84,297         145,584         225,324
     Deferred income taxes..........................      (5,740)         (3,911)        (11,318)         (2,675)
     Other charges (note 5).........................           -          58,706               -          75,934
     Other..........................................         (65)          2,194          (9,400)          3,485
                                                     ------------   ------------    -------------   ------------
  Cash from earnings................................     108,207         102,629         248,070         334,050
                                                     -----------    ------------    ------------    ------------
  Changes in non-cash working capital items:
     Accounts receivable............................    (385,595)        324,928        (710,417)        498,752
     Inventories....................................    (332,612)        270,525        (607,264)        447,211
     Other assets...................................     (48,497)        (10,808)        (89,521)         80,482
     Accounts payable and accrued liabilities.......     543,580        (219,214)        911,203        (923,727)
    Income taxes payable...........................       16,888         (18,345)          9,481         (35,628)
                                                     -----------    -------------   ------------    -------------
     Non-cash working capital changes...............    (206,236)        347,086        (486,518)         67,090
                                                     ------------   ------------    -------------   ------------
    Cash provided by (used in) operations...........     (98,029)        449,715        (238,448)        401,140
                                                     ------------   ------------    -------------   ------------

  INVESTING:
    Acquisitions, net of cash acquired..............     (25,927)       (716,304)       (622,660)       (864,421)
    Purchase of capital assets......................     (66,033)        (25,985)       (163,936)       (162,070)
    Other...........................................         735             400          22,382           1,322
                                                     -------------- -------------   -------------   -------------
    Cash used in investing activities...............       (91,225)     (741,889)       (764,214)     (1,025,169)
                                                     -------------- -------------   -------------   -------------

  FINANCING:
    Bank indebtedness...............................         249          (1,607)         (8,631)         (1,607)
    Decrease in long-term debt......................        (520)         (1,039)         (2,201)         (2,692)
    Deferred financing costs........................         (10)         (4,073)           (114)         (4,092)
    Issuance of convertible debt....................     862,865               -         862,865               -
    Convertible debt issue costs....................     (19,405)              -         (19,405)              -
    Issuance of share capital.......................       1,125           2,616         765,799         724,644
    Share issue costs, pre-tax......................           -               -         (26,788)        (10,000)
    Other...........................................       3,796             917           2,109             (82)
                                                     -----------    ------------    ------------    -------------
   Cash provided by (used in) financing
   activities.......................................     848,100          (3,186)     1,573,634         706,171
                                                     -----------    ------------- -------------   -------------

    Increase (decrease) in cash.....................     658,846        (295,360)        570,972          82,142
    Cash, beginning of period.......................     283,648       1,261,259         371,522         883,757
                                                     -----------    ------------    ------------    ------------
    Cash, end of period............................. $   942,494    $    965,899    $    942,494    $    965,899
                                                     ===========    ============    ============    ============

    Supplemental information:
     Paid during the period:
      Interest....................................... $       294    $      4,206    $      8,051    $     12,358
      Taxes.......................................... $     8,411    $     38,405    $     40,785    $     70,464

    Non-cash financing activities:
      Convertible debt accretion, net of tax ........ $     2,098    $      3,889    $      2,098    $     10,926
      Shares issued for acquisitions................. $         -    $    178,714    $          -    $    180,744

   Cash is comprised of cash and short-term investments.
</TABLE>

          SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
THESE INTERIM FINANCIAL STATEMENTS SHOULD BE READ IN CONJUNCTION WITH THE ANNUAL
                       CONSOLIDATED FINANCIAL STATEMENTS.


                                                                         more...

<PAGE>
                                       7



                                 CELESTICA INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
            (IN THOUSANDS OF U.S. DOLLARS, EXCEPT PER SHARE AMOUNTS)
                                   (UNAUDITED)

1.   NATURE OF BUSINESS:

     The primary operations of the Company consist of providing a full range of
electronics manufacturing services including design, prototyping, assembly,
testing, product assurance, supply chain management, worldwide distribution and
after-sales service to its customers primarily in the computer and
communications industries. The Company has operations in the Americas, Europe
and Asia.

     The Company prepares its financial statements in accordance with accounting
principles generally accepted in Canada, with a reconciliation to accounting
principles generally accepted in the United States, included in the annual
consolidated financial statements.

       The Company experiences seasonal variation in revenue, with revenue
typically being highest in the fourth quarter and lowest in the first quarter.

2.   SIGNIFICANT ACCOUNTING POLICIES:

     The disclosures contained in these unaudited interim consolidated financial
statements do not include all requirements of generally accepted accounting
principles (GAAP) for annual financial statements. The unaudited interim
consolidated financial statements should be read in conjunction with the annual
consolidated financial statements for the year ended December 31, 2000.

     The unaudited interim consolidated financial statements are based upon
accounting principles consistent with those used and described in the annual
consolidated financial statements, except the following:

(a) In the first quarter of 2001, the Company adopted retroactively the new
Canadian Institute of Chartered Accountants (CICA) Handbook Section 3500
"Earnings per share", which requires the use of the treasury stock method for
calculating diluted earnings per share. This change results in an earnings per
share calculation which is consistent with United States GAAP. Previously
reported diluted earnings per share have been restated to reflect this change.

(b) In July 2001, the CICA approved Handbook Sections 1581 "Business
combinations" and 3062 "Goodwill and other intangible assets". The new standards
mandate the purchase method of accounting for business combinations and require
that goodwill no longer be amortized but instead be tested for impairment at
least annually. The standards also specify criteria that intangible assets must
meet to be recognized and reported apart from goodwill. The standards require
that the value of the shares issued in a business combination be measured using
the average share price for a reasonable period before and after the date the
terms of the acquisition are agreed to and announced. Previously, the
consummation date was used to value the shares issued in a business combination.
The new standards are consistent with U.S. GAAP.

     Effective July 1, 2001 and for the remainder of the fiscal year, goodwill
acquired in business combinations completed after June 30, 2001 will not be
amortized. In addition, the criteria for recognition of intangible assets apart
from goodwill and the valuation of the shares issued in a business combination
apply to business combinations completed after June 30, 2001.

     Upon full adoption of the standards beginning January 1, 2002, the Company
will discontinue amortization of all existing goodwill, evaluate existing
intangible assets and make any necessary reclassifications in order to conform
with the new criteria for recognition of intangible assets apart from goodwill
and test for impairment in accordance with the new standards. The Company is
currently determining the impact of the new standards. It is likely that the
elimination of amortization will have a material impact on the financial
statements.

     The unaudited interim consolidated financial statements reflect all
adjustments, consisting only of normal recurring accruals, which are, in the
opinion of management, necessary to present fairly the financial position of the
Company as of September 30, 2001 and the results of operations and cash flows
for the three and nine months ended September 30, 2001 and 2000.

                                                                         more...

<PAGE>
                                       8


                                 CELESTICA INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
            (IN THOUSANDS OF U.S. DOLLARS, EXCEPT PER SHARE AMOUNTS)
                                   (UNAUDITED)

3.  ACQUISITIONS:

    The Company's business combinations have been accounted for using the
purchase method. The results of operations of the net assets acquired are
included in these financial statements from their respective dates of
acquisition.

     In January 2001, the Company acquired Excel Electronics, Inc. through a
merger with Celestica (US) Inc., a subsidiary of the Company. In February 2001,
the Company acquired certain assets located in Dublin, Ireland and Mt. Pleasant,
Iowa from Motorola Inc. In March 2001, the Company acquired certain assets of a
repair facility in Japan from N.K. Techno Co., Ltd. In May 2001, the Company
acquired certain assets located in Little Rock, Arkansas and Denver, Colorado
from Avaya Inc. and in August 2001, acquired certain assets in Saumur, France.
In June 2001, the Company acquired Sagem CR s.r.o., in the Czech Republic, from
Sagem SA, of France. The purchase price for these acquisitions total $309
million, subject to adjustments.

     In August 2001, the Company acquired certain assets in Columbus, Ohio and
Oklahoma City, Oklahoma from Lucent Technologies Inc. for a total purchase of
approximately $572 million, subject to adjustments. The Company signed a five
year supply agreement with estimated revenue of up to $10 billion over the term
of the agreement.

     In August 2001, the Company acquired Primetech Electronics Inc.
(Primetech), an electronics manufacturer in Canada. This acquisition provided
the Company with additional high complexity manufacturing capability and an
expanded global customer base. The former shareholders of Primetech received
0.22 subordinate voting shares of Celestica for each share of Primetech. The
total purchase price of $179 million was financed primarily with the issuance of
3,428,319 subordinate voting shares of the Company and the issuance of options
to purchase 268,299 subordinate voting shares of the Company. The share
consideration was valued based on the average market share price for a
reasonable period before and after the date the terms of the acquisition were
agreed to and announced.

Details of the net assets acquired in these acquisitions, at fair value, are as
follows:

<TABLE>
<CAPTION>
                                                     ACQUISITIONS
                                                     ------------

<S>                                                    <C>
Current assets....................................     $  502,845
Capital assets....................................        260,110
Other long-term assets............................             96
Goodwill..........................................        143,838
Other intangible assets and intellectual property.        194,541
Liabilities assumed...............................        (41,841)
                                                       ----------
Net assets acquired...............................     $1,059,589
                                                       ==========

Financed by:
 Cash.............................................     $  878,845
 Issue of shares..................................        180,744
                                                       ----------
                                                       $1,059,589
                                                       ==========
</TABLE>

     Other intangible assets represent the excess of purchase price over the
fair value of tangible assets acquired in facility acquisitions.

     In October 2001, the Company acquired Omni Industries Limited (Omni), an
electronics manufacturer headquartered in Singapore. This acquisition will
significantly enhance the Company's presence in Asia. The former shareholders of
Omni received 0.045 subordinate voting shares of Celestica or a cash payment of
S$4.25, for each share of Omni. The total purchase price of approximately $890
million was financed with the issuance of approximately 9.2 million subordinate
voting shares of the Company and approximately $475 million in cash.


                                                                         more...

<PAGE>
                                       9


                                 CELESTICA INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
            (IN THOUSANDS OF U.S. DOLLARS, EXCEPT PER SHARE AMOUNTS)
                                   (UNAUDITED)


4.   OUTSTANDING SHARES:

     As at September 21, 2001, Celestica had outstanding 39,065,950 multiple
voting shares, 180,854,203 subordinate voting shares and 17,192,693 options to
acquire subordinate voting shares under Celestica's employee incentive plans.


5.   OTHER CHARGES:

<TABLE>
<CAPTION>

                                                          THREE MONTHS ENDED              NINE MONTHS ENDED
                                                             SEPTEMBER 30                    SEPTEMBER 30
                                                         2000             2001           2000           2001
                                                    --------------  --------------  -------------- ------------

<S>                                                  <C>             <C>             <C>            <C>
Restructuring (a)..................................  $         -     $    43,530     $         -    $   100,528
Other (b)..........................................            -          36,084               -         36,084
                                                    ------------     -----------    ------------    -----------
                                                     $         -     $    79,614     $         -    $   136,612
                                                     ===========     ===========     ===========    ===========
</TABLE>

(a)  Restructuring:

     In response to a slowing end market, the Company announced a restructuring
plan that focused on facility consolidations and a workforce reduction. The
Company recorded a pre-tax restructuring charge of $43,530 for the quarter. The
following table details the components of the restructuring charge:

<TABLE>
<CAPTION>
                                                    THREE MONTHS    NINE MONTHS
                                                        ENDED           ENDED
                                                     SEPTEMBER       SEPTEMBER
                                                      30, 2001        30, 2001
                                                      --------        --------

<S>                                                 <C>             <C>
Employee termination costs......................... $    12,193     $    36,258
Lease and other contractual obligations............       7,957          19,896
Facility exit costs and other......................         758           4,524
Asset impairment (non-cash)........................      22,622          39,850
                                                    -----------     -----------
                                                    $    43,530     $   100,528
                                                    ===========     ===========
</TABLE>


The following table details the activity through the accrued restructuring
liability:

<TABLE>
<CAPTION>
                                                       LEASE AND
                                       EMPLOYEE          OTHER          FACILITY
                                      TERMINATION     CONTRACTUAL      EXIT COSTS
                                         COSTS        OBLIGATIONS       AND OTHER     TOTAL
                                         -----        -----------       ---------     -----

<S>                                 <C>           <C>             <C>            <C>
Balance at June 30, 2001...........  $    18,681   $    11,939     $     2,834    $    33,454
Provision..........................       12,193         7,957             758         20,908
Cash payment.......................      (10,815)         (108)           (826)       (11,749)
                                     -----------   -----------     -----------    -----------
Balance at September 30, 2001        $    20,059   $    19,788     $     2,766    $    42,613
                                     ===========   ===========     ===========    ===========
</TABLE>


                                                                         more...
<PAGE>
                                       10



                                 CELESTICA INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
            (IN THOUSANDS OF U.S. DOLLARS, EXCEPT PER SHARE AMOUNTS)
                                   (UNAUDITED)


     Employee terminations were made across all geographic regions of the
company with the majority pertaining to manufacturing and plant employees. To
date, a total of 8,201 employees have been identified to be terminated. As of
September 30, 2001, 6,229 employees have been terminated. The remaining
termination costs are expected to be paid out within one year.

     The non-cash charges for asset impairment reflects the write-down of
certain long lived assets in Canada, US, Europe, and Mexico that have become
impaired as a result of the rationalization of facilities. The asset impairments
relate to goodwill, machinery and equipment, buildings and improvements. The
assets were written down to their recoverable amounts using estimated cash
flows.

     The major components of the restructuring are estimated to be complete by
the end of 2002, except for certain long term lease contractual obligations.

     Subsequent to quarter end, the Company announced it would incur an
additional restructuring charge of between approximately $100 and $130 million
in the fourth quarter.

(b)  Other:

     During the quarter, the Company recorded a non-cash charge of $36,084. This
is comprised of a write-down of the carrying value of certain assets, primarily
goodwill and other intangible assets.

6.   SEGMENTED INFORMATION:

     The Company's operations fall into one dominant industry segment, the
electronics manufacturing services industry. The Company manages its operations,
and accordingly determines its operating segments, on a geographic basis. The
performance of geographic operating segments is monitored based on EBIAT
(earnings before interest, income taxes, amortization of intangible assets,
other charges and integration costs related to acquisitions). The Company
monitors enterprise-wide performance based on adjusted net earnings, which is
calculated as net earnings before amortization of intangible assets, other
charges and integration costs related to acquisitions, net of related income
taxes. Inter-segment transactions are reflected at market value.

     The following is a breakdown of: revenue, EBIAT, adjusted net earnings
(which is after income taxes) and total assets by operating segment. Certain
comparative information has been restated to reflect changes in the management
of operating segments.

<TABLE>
<CAPTION>
                                                         THREE MONTHS ENDED             NINE MONTHS ENDED
                                                            SEPTEMBER 30                   SEPTEMBER 30
                                                        2000             2001          2000            2001
                                                   --------------  -------------- --------------  ------------
<S>                                                 <C>             <C>            <C>             <C>
REVENUE
Americas........................................... $ 1,717,947     $ 1,442,719    $ 4,397,920     $ 4,851,130
Europe.............................................     764,272         641,641      1,637,126       2,385,547
Asia...............................................     213,192         163,849        559,135         575,709
Elimination of inter-segment revenue...............     (95,262)        (45,259)      (289,826)       (256,155)
                                                   -------------    ------------  -------------    ------------
                                                    $ 2,600,149     $ 2,202,950    $ 6,304,355     $ 7,556,231
                                                    ===========     ===========    ===========     ===========
</TABLE>


                                                                         more...

<PAGE>
                                       11


                                 CELESTICA INC.

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
            (IN THOUSANDS OF U.S. DOLLARS, EXCEPT PER SHARE AMOUNTS)
                                   (UNAUDITED)


<TABLE>
<CAPTION>
                                                         THREE MONTHS ENDED             NINE MONTHS ENDED
                                                            SEPTEMBER 30                   SEPTEMBER 30
                                                        2000            2001           2000            2001
                                                   --------------  -------------- --------------  --------------
<S>                                                <C>             <C>            <C>             <C>
EBIAT
Americas.......................................... $       55,517  $      38,806  $      129,798  $      146,677
Europe............................................         33,119         23,209          67,835         104,930
Asia..............................................          9,746          8,125          25,689          28,553
                                                   --------------  -------------  --------------  --------------
                                                           98,382         70,140         223,322         280,160
Interest, net.....................................          5,229          5,075          13,323          11,073
Amortization of intangible assets.................        (25,607)       (32,158)        (60,178)        (89,866)
Integration costs related to acquisitions.........         (4,842)       (10,017)        (10,413)        (20,140)
Other charges.....................................             _-        (79,614)             _-        (136,612)
                                                   --------------  -------------- --------------  ---------------
Earnings before income taxes...................... $       73,162  $     (46,574) $      166,054  $       44,615
                                                   ==============  ============== ==============  ==============
Adjusted net earnings............................. $       83,925  $      64,685  $      187,189  $      245,070
                                                   ==============  =============  ==============  ==============
</TABLE>

<TABLE>
<CAPTION>
                                                        AS AT SEPTEMBER 30
                                                        2000            2001
                                                   --------------  ---------
<S>                                                <C>             <C>
TOTAL ASSETS
Americas.......................................... $    3,401,280  $    3,777,646
Europe............................................      1,578,123       1,723,858
Asia..............................................        494,194         436,088
                                                   --------------  --------------
                                                   $    5,473,597  $    5,937,592
                                                   ==============  ==============
</TABLE>

     The Company's external revenue allocated by manufacturing location among
foreign countries exceeding 10% are as follows:

<TABLE>
<CAPTION>
                                                         THREE MONTHS ENDED              NINE MONTHS ENDED
                                                             SEPTEMBER 30                   SEPTEMBER 30
                                                        2000             2001          2000            2001
                                                   --------------  -------------- --------------  --------------
<S>                                                <C>             <C>            <C>             <C>
REVENUE
Canada............................................          30%             19%            32%             22%
United States.....................................          29%             38%            30%             33%
Italy.............................................          13%             12%             7%             13%
United Kingdom....................................          15%             11%            17%             14%
</TABLE>

7.    COMPARATIVE FIGURES

     Certain comparative figures have been reclassified to conform with the
financial statement presentation adopted in the current period.

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>4
<FILENAME>a2061496zex-99_2.txt
<DESCRIPTION>EXHIBIT 99-2
<TEXT>
<PAGE>
 [LOGO]                                                            Exhibit 99.2
 Celestica Inc.
 Supplemental Information
 (in millions of US dollars, except per share amounts)
 (unaudited)

<TABLE>
<CAPTION>
                                                  ----------------------------------------------------------------------------------
                                                  Q3 1999      Q4 1999     Q1 2000      Q2 2000      Q3 2000     Q4 2000     Q1 2001

<S>                                             <C>          <C>         <C>          <C>           <C>         <C>        <C>
 REVENUE                                        $ 1,356.9    $ 1,608.8   $ 1,612.3    $ 2,091.9     $ 2,600.1   $ 3,447.8  $2,692.6
 NET EARNINGS (LOSS)                                 19.5         26.2        26.1         41.4          55.7        83.5      54.8

 Earnings (loss) per share - basic (1)             $ 0.12       $ 0.15      $ 0.14       $ 0.20        $ 0.26      $ 0.39    $ 0.25
                                                  ----------------------------------------------------------------------------------
                                                  ----------------------------------------------------------------------------------

 Earnings (loss) per share - diluted (1)(2)        $ 0.11       $ 0.14      $ 0.13       $ 0.20        $ 0.25      $ 0.38    $ 0.25
                                                  ----------------------------------------------------------------------------------
                                                  ----------------------------------------------------------------------------------

 ADJUSTED NET EARNINGS

 Net earnings (loss)                               $ 19.5       $ 26.2      $ 26.1       $ 41.4        $ 55.7      $ 83.5    $ 54.8
 Adjustments:
 Amortization of intangible assets                   14.1         14.0        15.3         19.2          25.6        28.8      29.6
 Integration costs related to acquisitions            1.3          4.3         0.7          4.9           4.8         5.7       2.3
 Other charges                                          -            -           -            -             -           -       3.8
 Income tax effect of above                          (2.3)        (3.5)       (2.6)        (1.8)         (2.2)       (1.0)     (3.2)
                                                  ----------------------------------------------------------------------------------
 Adjusted net earnings                             $ 32.6       $ 41.0      $ 39.5       $ 63.7        $ 83.9     $ 117.0    $ 87.3
                                                  ----------------------------------------------------------------------------------
                                                  ----------------------------------------------------------------------------------
        As a percentage of revenue                    2.4%         2.5%        2.4%         3.0%          3.2%        3.4%      3.2%

 Adjusted net earnings per share - basic (1)       $ 0.19       $ 0.23      $ 0.21       $ 0.31        $ 0.40      $ 0.56    $ 0.41
                                                  ----------------------------------------------------------------------------------
                                                  ----------------------------------------------------------------------------------
 Adjusted net earnings per share - diluted (1)(2)  $ 0.19       $ 0.22      $ 0.20       $ 0.30        $ 0.38      $ 0.53    $ 0.39
                                                  ----------------------------------------------------------------------------------
                                                  ----------------------------------------------------------------------------------
 Weighted average number of shares (in millions)
   outstanding - basic (1)                          168.6        177.0       190.1        202.7         203.0       203.2     203.6
               - diluted (1)(2)                     176.3        184.1       199.5        211.9         220.0       222.6     223.1

 Actual number of shares (in millions)
   outstanding - basic (1)                          169.0        185.4       202.5        202.8         203.2       203.4     203.8
                                                  ----------------------------------------------------------------------------------
                                                  ----------------------------------------------------------------------------------

 ADJUSTED EBITDA

 Net earnings (loss)                               $ 19.5       $ 26.2      $ 26.1       $ 41.4        $ 55.7      $ 83.5    $ 54.8
 Income taxes                                         9.1         12.3        12.3         13.1          17.5        26.3      17.3
                                                  ----------------------------------------------------------------------------------
 EBT                                                 28.6         38.5        38.4         54.5          73.2       109.8      72.1
 Integration costs related to acquisitions            1.3          4.3         0.7          4.9           4.8         5.7       2.3
 Other charges                                          -            -           -            -             -           -       3.8
                                                  ----------------------------------------------------------------------------------
 Adjusted EBT                                        29.9         42.8        39.1         59.4          78.0       115.5      78.2
 Interest expense (income), net                       3.0          2.2        (1.8)        (6.3)         (5.2)       (5.7)     (3.5)
                                                  ----------------------------------------------------------------------------------
 Adjusted EBIT                                       32.9         45.0        37.3         53.1          72.8       109.8      74.7
 Amortization of intangible assets                   14.1         14.0        15.3         19.2          25.6        28.8      29.6
                                                  ----------------------------------------------------------------------------------
 ADJUSTED EBIAT                                      47.0         59.0        52.6         72.3          98.4       138.6     104.3
                                                      3.5%         3.7%        3.3%         3.5%          3.8%        4.0%      3.9%
                                                  ----------------------------------------------------------------------------------
 Adjusted EBITDA                                   $ 65.8       $ 81.0      $ 76.1      $ 101.4       $ 131.1     $ 175.2   $ 143.9
                                                  ----------------------------------------------------------------------------------
                                                  ----------------------------------------------------------------------------------
                                                      4.9%         5.0%        4.7%         4.8%          5.0%        5.1%      5.3%

                                                  ----------------------------------------------------------------------------------



<CAPTION>

                                                 ----------------------------------------------------------------------------------
                                                 Q2 2001        Q3 2001    3Q YTD 2000    3Q YTD 2001        FY 1999        FY 2000

<S>                                            <C>            <C>            <C>            <C>            <C>             <C>
REVENUE                                        $ 2,660.7      $ 2,203.0      $ 6,304.3      $ 7,556.2      $ 5,297.2       $9,752.1
NET EARNINGS (LOSS)                            $    15.8          (38.7)         123.2           32.0           68.4          206.7
Earnings (loss) per share - basic (1)             $ 0.06        $ (0.20)        $ 0.61         $ 0.10         $ 0.41         $ 1.01
                                                 -----------------------------------------------------------------------------------
                                                 -----------------------------------------------------------------------------------
Earnings (loss) per share - diluted (1)(2)        $ 0.06        $ (0.20)        $ 0.59         $ 0.10         $ 0.40         $ 0.98
                                                 -----------------------------------------------------------------------------------
                                                 -----------------------------------------------------------------------------------
ADJUSTED NET EARNINGS
Net earnings (loss)                               $ 15.8        $ (38.7)       $ 123.2           32.0           68.4          206.7
Adjustments:
Amortization of intangible assets                    28.1           32.2           60.1           89.9           55.6           88.9
Integration costs related to acquisitions             7.8           10.0           10.4           20.1            9.6           16.1
Other charges                                        53.2           79.6              -          136.6              -              -
Income tax effect of above                          (11.8)         (18.4)          (6.5)         (33.5)         (10.6)         (7.6)
                                                  ----------------------------------------------------------------------------------
Adjusted net earnings                              $ 93.1         $ 64.7        $ 187.2        $ 245.1        $ 123.0        $ 304.1
                                                  ----------------------------------------------------------------------------------
                                                  ----------------------------------------------------------------------------------
       As a percentage of revenue                     3.5%           2.9%           3.0%           3.2%           2.3%          3.1%

Adjusted net earnings per share - basic (1)        $ 0.43         $ 0.28         $ 0.93         $ 1.13         $ 0.74         $ 1.50
                                                 -----------------------------------------------------------------------------------

Adjusted net earnings per share - diluted (1)(2)   $ 0.41         $ 0.27         $ 0.89         $ 1.08         $ 0.72        $ 1.44
                                                  ----------------------------------------------------------------------------------
                                                  ----------------------------------------------------------------------------------
Weighted average number of shares (in millions)
  outstanding - basic (1)                           207.0          218.1          198.6          208.0          167.2          199.8
              - diluted (1)(2)                      225.5          235.7          210.0          226.6          171.2          211.8
Actual number of shares (in millions)
  outstanding - basic (1)                           216.3          219.9          203.2          219.9          185.4          203.4
                                                 -----------------------------------------------------------------------------------
                                                 -----------------------------------------------------------------------------------
ADJUSTED EBITDA

Net earnings (loss)                               $ 15.8        $ (38.7)       $ 123.2         $ 32.0         $ 68.4        $ 206.7
Income taxes                                         3.3           (7.9)          42.9           12.6           36.0           69.2
                                                 -----------------------------------------------------------------------------------
EBT                                                 19.1          (46.6)         166.1           44.6          104.4          275.9
Integration costs related to acquisitions            7.8           10.0           10.4           20.1            9.6           16.1
Other charges                                       53.2           79.6              -          136.6              -              -
                                                 -----------------------------------------------------------------------------------
Adjusted EBT                                        80.1           43.0          176.5          201.3          114.0          292.0
Interest expense (income), net                      (2.4)          (5.1)         (13.3)         (11.0)          10.7          (19.0)
                                                 -----------------------------------------------------------------------------------
Adjusted EBIT                                       77.7           37.9          163.2          190.3          124.7          273.0
Amortization of intangible assets                   28.1           32.2           60.1           89.9           55.6           88.9
                                                 -----------------------------------------------------------------------------------
ADJUSTED EBIAT                                     105.8           70.1          223.3          280.2          180.3          361.9
                                                     4.0%           3.2%           3.5%           3.7%           3.4%           3.7%
                                                 -----------------------------------------------------------------------------------
Adjusted EBITDA                                  $ 148.5        $ 121.6        $ 308.6        $ 414.0        $ 251.3        $ 483.8
                                                 -----------------------------------------------------------------------------------
                                                 -----------------------------------------------------------------------------------
                                                     5.6%           5.5%           4.9%           5.5%           4.7%           5.0%
                                                 -----------------------------------------------------------------------------------
</TABLE>

 (1) Earnings per share and number of shares outstanding figures have been
 restated for effects of December 1999 two-for-one stock split, by way of a
 stock dividend (2) Restated to reflect treasury stock method, retroactively
 applied.







</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>5
<FILENAME>a2061496zex-99_3.txt
<DESCRIPTION>EXHIBIT 99-3
<TEXT>

<PAGE>

                                                                   Exhibit 99.3

                             MATERIAL CHANGE REPORT

                   SECTION 75 OF THE SECURITIES ACT (ONTARIO)
               SECTION 85 OF THE SECURITIES ACT (BRITISH COLUMBIA)
                   SECTION 118 OF THE SECURITIES ACT (ALBERTA)
              SECTION 84 OF THE SECURITIES ACT, 1988 (SASKATCHEWAN)
                    SECTION 73 OF THE SECURITIES ACT (QUEBEC)
                 SECTION 81 OF THE SECURITIES ACT (NOVA SCOTIA)
              SECTION 76 OF THE SECURITIES ACT, 1990 (NEWFOUNDLAND)


ITEM 1:  REPORTING ISSUER

         Celestica Inc.
         7th Floor
         12 Concorde Place
         Toronto, ON   M3C 3R8

ITEM 2:  DATE OF MATERIAL CHANGE

         October 10, 2001

ITEM 3:  PRESS RELEASE

         A press release was issued on October 10, 2001 by Celestica Inc.
("Celestica") in Toronto, Ontario.

ITEM 4:  SUMMARY OF MATERIAL CHANGE

         On October 10, 2001, Celestica completed its previously-announced
acquisition of Omni Industries Limited ("Omni").

ITEM 5:  FULL DESCRIPTION OF MATERIAL CHANGE

         On October 10, 2001, Celestica completed its previously-announced
acquisition of Omni, a diversified Asian electronics manufacturing services
provider headquartered in Singapore.

          As consideration for the acquisition, Celestica will issue to Omni
shareholders 9,222,917 shares and will pay cash consideration totaling
approximately U.S.$475 million.

ITEM 6:  RELIANCE ON SUBSECTION 75(3) OF THE
         ONTARIO SECURITIES ACT OR EQUIVALENT PROVISIONS

         Not applicable.


<PAGE>


                                      -2-


ITEM 7:  OMITTED INFORMATION

         Not applicable.

ITEM 8:  SENIOR OFFICER

         For further information, please contact Elizabeth L. DelBianco,
Vice President, General Counsel and Secretary of Celestica at (416) 448-5800.

ITEM 9:  STATEMENT OF SENIOR OFFICER

         The foregoing accurately discloses the material change referred to
herein.

         DATED at Toronto, Ontario this 19th day of October, 2001



                                       (signed) ELIZABETH L. DELBIANCO
                                       ------------------------------------
                                       Elizabeth L. DelBianco
                                       Vice President, General Counsel
                                       and Secretary


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
