Exhibit 99.1

  Arrow Electronics Announces Successful Completion of Ultra Source
                    Technology Corp. Tender Offer;
              Acquiring 70% of Ultra Source Common Stock

    MELVILLE, N.Y.--(BUSINESS WIRE)--Dec. 1, 2005--Arrow Electronics,
Inc. (NYSE:ARW), announced today the successful completion of its cash
tender offer for Taiwan-based Ultra Source Technology Corp.
(TSE:3020). Arrow will be acquiring 70% of the common shares of Ultra
Source for an aggregate purchase price of $62.5 million. All necessary
regulatory approvals related to the tender offer have been received.
    "The combination of Ultra Source's strong technical and
engineering resources and our exceptional linecard will accelerate the
growth of our components businesses in this important region and
further strengthens our leading position throughout Asia Pacific,"
said William E. Mitchell, President and Chief Executive Officer of
Arrow Electronics, Inc.
    Ultra Source, which is headquartered in Taipei, Taiwan and has
approximately 200 employees, is one of the leading electronic
components distributors in Taiwan with sales offices and distribution
centers in Taiwan and Hong Kong and substantial sales in the People's
Republic of China. Total 2005 sales are expected to exceed $500
million.
    "We are excited about our partnership with Arrow and look forward
to working together as a truly integrated team. Ultra Source will now
have access to Arrow's abundant resources and broad customer base,
which will create significant opportunities for our organizations,"
stated Mr. M.C. Wen, Chairman of Ultra Source.
    Arrow Electronics is a major global provider of products,
services, and solutions to industrial and commercial users of
electronic components and computer products. Headquartered in
Melville, New York, Arrow serves as a supply channel partner for
nearly 600 suppliers and 150,000 original equipment manufacturers,
contract manufacturers, and commercial customers through a global
network of more than 200 locations in 53 countries and territories.

    Safe Harbor

    The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for forward-looking statements. This press release
contains forward-looking statements that are subject to certain risks
and uncertainties which could cause actual results or facts to differ
materially from such statements for a variety of reasons including,
but not limited to: industry conditions, changes in product supply,
pricing, and customer demand, competition, other vagaries in the
computer and electronic components markets, changes in relationships
with key suppliers, the effects of additional actions taken to lower
costs, the ability of the company to generate additional cash flow and
the other risks described from time to time in the company's reports
to the Securities and Exchange Commission (including the company's
Annual Report on Form 10-K and Quarterly Reports on Form 10-Q).
Forward-looking statements are those statements, which are not
statements of historical fact. You can identify these forward-looking
statements by forward-looking words such as "expects," "anticipates,"
"intends," "plans," "may," "will," "believes," "seeks," "estimates,"
and similar expressions. Shareholders and other readers are cautioned
not to place undue reliance on these forward-looking statements, which
speak only as of the date on which they are made. The company
undertakes no obligation to update publicly or revise any
forward-looking statements.

    CONTACT: Arrow Electronics, Inc.
             Ira M. Birns, 631-847-1657
             Vice President and Treasurer
             or
             Paul J. Reilly, 631-847-1872
             Senior Vice President & Chief Financial Officer
             or
             Media:
             Jacqueline Strayer, 631-847-2101
             Vice President, Corporate Communications