Exhibit
99.1
Press
Release
For
More Information, Call:
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ELLEN
M. DYLLA
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INVESTOR
RELATIONS
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July
24, 2008
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(979)
849-6550
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FOR
IMMEDIATE RELEASE
BENCHMARK
ELECTRONICS BOARD OF DIRECTORS
AUTHORIZES
$100 MILLION SHARE REPURCHASE PROGRAM
ANGLETON,
TX, JULY 24, 2008 - Benchmark Electronics, Inc. (NYSE: BHE), a leading contract
manufacturing provider, announced today that its Board of Directors had approved
the repurchase of up to $100 million of the Company’s outstanding common shares.
Share repurchases may be made in the open market, in privately negotiated
transactions or block transactions, at the discretion of the Company’s
management, and as market conditions warrant. The Company recently completed
the
repurchase of 6.8 million shares under the $125 million share repurchase program
approved in July 2007. The timing and amount of specific repurchases are subject
to the requirements of the Securities and Exchange Commission, market
conditions, alternative uses of capital and other factors. The Company may
enter
into Rule 10b5-1 plans to facilitate repurchases under the program. A Rule
10b5-1 plan would generally permit the Company to repurchase the shares at
times
when it might otherwise be prevented from doing so under certain securities
laws. Purchases will be funded from available cash and may be commenced,
suspended or discontinued at any time without prior notice. Shares repurchased
under the program will be retired.
Benchmark
Electronics, Inc. provides electronics manufacturing, design and engineering
services to original equipment manufacturers of computers and related products
for business enterprises, medical devices, industrial control equipment, testing
and instrumentation products, and telecommunication equipment. Benchmark’s
global operations include 20 facilities in ten countries. Benchmark’s common
shares trade on the New York Stock Exchange under the symbol BHE.
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