70 Maxess Road ▪ Melville, NY  11747

631-396-5000 ▪ Fax: 631-396-3016

FOR IMMEDIATE RELEASE

NU HORIZONS ELECTRONICS CORP. REPORTS

FINANCIAL RESULTS FOR THE

SECOND QUARTER AND SIX MONTHS OF FISCAL YEAR 2011

MELVILLE, NY, October 7, 2010 -- Nu Horizons Electronics Corp. (Nasdaq/NM: NUHC), a leading distributor of active and passive electronic components, today reported financial results for the second quarter and six months of fiscal 2011 ended August 31, 2010.

Net sales for the quarter ended August 31, 2010 were $164,130,000 as compared to $156,600,000 for the comparable period last year, an increase of 4.8%.  For the six months ended August 31, 2010, net sales increased to $374,892,000 or 23.2% from $304,360,000 in the comparable period last year.

Excluding Xilinx product sales (i) net sales for the quarter ended August 31, 2010 were $162,461,000 as compared to $107,011,000 for the comparable period last year, an increase of  51.8%; (ii) for the six months ended August 31, 2010, net sales increased to $312,474,000 or 52.2% from $205,262,000 in the comparable period last year; (iii) sequentially, net sales for the quarter ended August 31, 2010 increased $12,448,000 or 8.3%, from $150,013,000 in the first quarter of fiscal 2011; and (iv) sequentially, for the current quarter ended August 31, 2010, revenues grew in all regions: North America was up $7,135,000 (9.1%); Asia was up $3,448,000 (6.1%); and Europe was up $1,865,000 (13.0%).

Net income for the quarter was $1,156,000 or $0.06 per diluted share as compared to net income of $543,000 or $0.03 per diluted share for the second quarter of the prior year.  The net income for the six-month period was $4,530,000 or $0.25 per diluted share compared to a net loss of $401,000 or $(0.02) per share in the prior year.

"In the six months ended August 31, 2010, the Company generated over $21 million of cash from operations and approximately $6.8 million of debt was repaid.  Reflecting our strong balance sheet, at August 31, 2010, the Company had nearly $175 million in working capital, including $20.5 million of cash on hand," added Kurt Freudenberg, Executive Vice President and Chief Financial Officer.

Commenting on the second quarter results and recent developments, Martin Kent, President and Chief Executive Officer of Nu Horizons, stated, "We are pleased to report meaningful progress made in the second fiscal quarter toward our goal of improving profitability.  The Company’s gross margin increased by 10% while our earnings per share improved by 100% in the second quarter as compared with the same period in the prior fiscal year.  However, the most important development occurred after the end of the quarter.   On September 20th, we announced the signing of a definitive agreement for Nu Horizons to be acquired by Arrow Electronics, Inc. in an-all cash transaction for $7.00 per common share.  We believe the acquisition, subject to various approvals and closing conditions, is in the best interest of our shareholders, particularly given the significant premium to be paid for their stock.  Furthermore, we believe the acquisition enhances our competitive position that, in turn, provides benefits to our customers, suppliers and international workforce.  We expect the transaction to close in the fourth quarter of fiscal 2011."

Nu Horizons Electronics Corp. Reports Financial Results for the Second Quarter and Six Months of Fiscal Year 2011 Page Page 2

Conference Call/Webcast

A conference call to further discuss the second quarter and six months earnings as well as the acquisition of the Company by Arrow Electronics will be held today at 4:30 pm ET.  The conference call may be accessed by dialing 877-407-4019 (international, dial 201-689-8337) and providing the passcode “Nu Horizons”.  Listeners can also access the webcast live through the company's website at www.nuhorizons.com.  The webcast will be archived on the Company’s website for 60 days following the call. An audio replay of the conference call will be available for seven days beginning at 7:30 p.m. Eastern time on October 7, 2010.  The audio replay dial-in number for North America is 877-660-6853 and 201-612-7415 for international callers.  The replay passcodes are Account #374 and Conference ID #356784 (both are required for playback).   A transcript of the call will remain available on the Company's website.

Certain Non-GAAP Financial Information

This press release contains non-GAAP net sales. Exhibit A includes a reconciliation of each non-GAAP net sales presented in this press release to the most directly comparable GAAP net sales. Non-GAAP net sales should not be considered in isolation or as a substitute for comparable GAAP net sales. The non-GAAP net sales we present have limitations in that they do not reflect all of the amounts associated with our results of operations as determined in accordance with GAAP and these non-GAAP net sales should only be used to evaluate our results of operations in conjunction with the corresponding GAAP net sales.

We believe that the non-GAAP net sales we present provide meaningful supplemental information regarding our operating results primarily because items that we do not believe are reflective of our ongoing operating results when budgeting, planning and forecasting, and when assessing the performance of our business with our individual operating segments or our senior management. We believe that the non-GAAP net sales also facilitate the comparison by management and investors of results between periods and among our peer companies. However, those companies may calculate similar non-GAAP net sales differently than we do, limiting their usefulness as comparative measures.

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 www.nuhorizons.com.

Nu Horizons Electronics Corp. Reports Financial Results for the Second Quarter and Six Months of Fiscal Year 2011 Page Page 3

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 risk that the acquisition of the Company by Arrow Electronics, Inc. does not close, including the risk that the requisite stockholder and regulatory approvals may not be obtained; the level of business and consumer spending for electronic products; the competitive environment within the electronics industry; the ability of the Company to expand its operations; the financial strength of the Company's customers and suppliers; the cyclical nature of the distributor industry; pricing and gross margin pressures; loss of key customers; the ability to control costs and expenses; the threat or occurrence of international armed conflict and terrorist activities both in the United States and internationally; risks and costs associated with increased and new regulation of corporate governance and disclosure standards (including pursuant to Section 404 of the Sarbanes-Oxley Act of 2002); and risks involving governmental regulation.  Investors are also directed to consider other risks 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 Contact:

Kurt Freudenberg

Executive Vice President and Chief Financial Officer

Nu Horizons Electronics Corp.

kurt.freudenberg@nuhorizons.com

631-396-5000

Investor Relations:

Darrow Associates, Inc

Jordan M. Darrow

631-367-1866

jdarrow@darrowir.com

(Tables Follow)

Nu Horizons Electronics Corp. Reports Financial Results for the Second Quarter and Six Months of Fiscal Year 2011 Page Page 4

NU HORIZONS ELECTRONICS CORP. AND SUBSIDIARIES

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

(UNAUDITED)

	For the Three Months Ended						For the Six Months Ended
	August 31, 2010			August 31, 2009			August 31, 2010			August 31, 2009
NET SALES	$	164,130,000		$	156,600,000		$	374,892,000		$	304,360,000
COSTS AND EXPENSES:
Cost of sales		138,189,000			134,125,000			318,859,000			260,846,000
Selling, general and administrative expenses		23,239,000			22,852,000			48,156,000			44,545,000
		161,428,000			156,977,000			367,015,000			305,391,000
OPERATING INCOME (LOSS)		2,702,000			(377,000	)		7,877,000			(1,031,000	)
OTHER EXPENSE (INCOME)
Interest expense		853,000			270,000			1,513,000			693,000
Interest income		(71,000	)		(7,000	)		(83,000	)		(10,000	)
		782,000			263,000			1,430,000			683,000
INCOME (LOSS)  BEFORE PROVISION (BENEFIT) FOR INCOME TAXES AND NONCONTROLLING INTEREST		1,920,000			(640,000	)		6,447,000			(1,714,000	)
Provision (benefit) for income taxes		611,000			(1,253,000	)		1,597,000			(1,414,000	)
CONSOLIDATED NET INCOME (LOSS)		1,309,000			613,000			4,850,000			(300,000	)
Net income attributable to noncontrolling interest		153,000			70,000			320,000			101,000
NET INCOME (LOSS) ATTRIBUTED TO NU HORIZONS ELECTRONICS CORP.	$	1,156,000		$	543,000		$	4,530,000		$	(401,000	)
NET INCOME (LOSS) PER COMMON SHARE ATTRIBUTABLE TO NU HORIZONS ELECTRONICS CORP.
Basic	$	.06		$	.03		$	.25		$	(.02	)
Diluted	$	.06		$	.03		$	.25		$	(.02	)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic		18,147,113			18,103,244			18,139,793			18,095,668
Diluted		18,299,469			18,156,640			18,283,177			18,095,668

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Nu Horizons Electronics Corp. Reports Financial Results for the Second Quarter and Six Months of Fiscal Year 2011 Page Page 5

NU HORIZONS ELECTRONICS CORP. AND SUBSIDIARIES

CONSOLIDATED CONDENSED BALANCE SHEETS

	August 31, 2010		February 28, 2010
	(unaudited)
- ASSETS -
CURRENT ASSETS:
Cash	$	20,508,000	$	6,632,000
Accounts receivable – net of allowance for doubtful accounts of  $3,133,000         and $3,659,000 as of August 31, 2010 and February 28, 2010, respectively		112,774,000		131,883,000
Inventories		105,880,000		117,377,000
Deferred tax asset		375,000		434,000
Prepaid expenses and other current assets		3,986,000		7,095,000
TOTAL CURRENT ASSETS		243,523,000		263,421,000
PROPERTY, PLANT AND EQUIPMENT – NET		4,510,000		4,924,000
OTHER ASSETS:
Goodwill		2,308,000		2,308,000
Intangibles – net		3,235,000		3,404,000
Other assets		2,126,000		2,087,000
TOTAL ASSETS	$	255,702,000	$	276,144,000
- LIABILITIES AND EQUITY -
CURRENT LIABILITIES:
Accounts payable	$	57,494,000	$	78,791,000
Accrued expenses		9,102,000		7,696,000
Bank debt		135,000		4,192,000
Income taxes payable		2,328,000		1,746,000
TOTAL CURRENT LIABILITIES		69,059,000		92,425,000
LONG TERM LIABILITIES
Bank debt		32,218,000		35,000,000
Other long term liabilities		3,514,000		3,355,000
TOTAL LONG TERM LIABILITIES		35,732,000		38,355,000
COMMITMENTS AND CONTINGENCIES
EQUITY:
Preferred stock, $1 par value, 1,000,000 shares authorized; none issued or outstanding		-		-
Common stock, $.0066 par value, 50,000,000 shares authorized;     18,512,982 and 18,549,305 shares issued and outstanding as of August 31, 2010     and February 28, 2010, respectively		122,000		122,000
Additional paid-in capital		58,085,000		57,227,000
Retained earnings		89,619,000		85,089,000
Other accumulated comprehensive income		80,000		240,000
Total Nu Horizons stockholders' equity		147,906,000		142,678,000
Noncontrolling interest		3,005,000		2,686,000
TOTAL EQUITY		150,911,000		145,364,000
TOTAL LIABILITIES AND EQUITY	$	255,702,000	$	276,144,000

Nu Horizons Electronics Corp. Reports Financial Results for the Second Quarter and Six Months of Fiscal Year 2011 Page Page 6

EXHIBIT A

NU HORIZONS ELECTRONICS CORP. AND SUBSIDIARIES

Reconciliation of Non-GAAP to GAAP Sales

Quarterly Sales Analysis (Excluding Xilinx Product Sales)

($ in Thousands)

	FY 2011
	YTD		% of Total			Q2	% of Total			Q1	% of Total
North America	$	164,763		52.7	$	85,949		52.9	$	78,814		52.5
Asia		117,178		37.5		60,313		37.1		56,865		37.9
Europe		30,533		9.8		16,199		10.0		14,334		9.6
Total sales excluding Xilinx products		312,474		100.0		162,461		100.0		150,013		100.0
Xilinx product sales		62,418				1,669				60,749
Total GAAP sales	$	374,892			$	164,130			$	210,762

	FY 2010
	YTD		% of Total			Q2	% of Total			Q1	% of Total
North America	$	119,727		58.3	$	62,380		58.3	$	57,347		58.3
Asia		64,609		31.5		34,471		32.2		30,138		30.7
Europe		20,926		10.2		10,160		9.5		10,766		11.0
Total sales excluding Xilinx products		205,262		100.0		107,011		100.0		98,251		100.0
Xilinx product sales		99,098				49,589				49,509
Total GAAP sales	$	304,360			$	156,600			$	147,760