Shareholders and the Board of Directors of Pioneer-Standard Electronics, Inc. and Subsidiaries report of independent auditors We have audited the accompanying Consolidated Balance Sheets of Pioneer-Standard Electronics, Inc. and Subsidiaries as of March 31, 2003 and 2002, and the related Consolidated Statements of Operations, Sharehold- ers’ Equity and Cash Flows for each of the three years in the period ended March 31, 2003. Our audits also included the financial statement schedule listed in the index at Item 15(a). These financial statements and schedule are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements and schedule based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the consoli- dated financial position of Pioneer-Standard Electronics, Inc. and Subsidiaries at March 31, 2003 and 2002, and the consolidated results of their operations and their cash flows for each of the three years in the period ended March 31, 2003, in conformity with accounting principles generally accepted in the United States. Also, in our opinion, the related financial statement schedule, when considered in relation to the basic financial statements taken as a whole, presents fairly in all material respects the information set forth therein. As discussed in Note 1 and Note 4 to the Consolidated Financial Statements, in 2003, Pioneer-Standard Electronics, Inc and Subsidiaries changed its method of accounting for losses on early extinguishments of debt and for goodwill, respectively. As discussed in Note 1 to the Consolidated Financial Statements, in 2002, Pioneer- Standard Electronics, Inc. and Subsidiaries changed its method of accounting for derivatives. /S/ ERNST AND YOUNG LLP Cleveland, Ohio May 12, 2003 25