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Jul 5, 2005
Phoenix, Ariz. -- Avnet, Inc. (NYSE:AVT) today announced that it has completed its acquisition of Memec Group Holdings Limited ('Memec'), a leading global distributor specializing in semiconductors. Memec investors received a total of approximately 24.011 million shares of Avnet common stock plus approximately $64 million of cash. The purchas...
Jun 24, 2005
PHOENIX & SAN DIEGO -- Avnet Inc. (NYSE:AVT) ('Avnet') and Memec Group Holdings Ltd. ('Memec') announced today that the European Commission approved Avnet's proposed acquisition of privately held semiconductor distributor Memec. The acquisition, which was announced on April 26, 2005, has received all required regulatory approvals and the com...
Jun 6, 2005
PHOENIX -- Avnet Inc. (NYSE:AVT), a Phoenix-based company that maintains the principal listing of its common stock on the New York Stock Exchange, announced that it has received notice from the Securities and Exchange Commission approving Avnet's voluntary withdrawal application with the Pacific Stock Exchange to withdraw its common stock fro...
Jun 1, 2005
PHOENIX -- Avnet Inc. (NYSE:AVT) today announced Avnet will be presenting at the Thomas Weisel Partners Growth Forum 7.0. Ray Sadowski, Avnet's chief financial officer, will be presenting at the Thomas Weisel Partners Growth Forum 7.0 to be held at the Four Seasons Hotel in San Francisco on June 14, 2005, at 2:40 p.m. Pacific time....
May 31, 2005
PHOENIX -- Avnet Inc. (NYSE:AVT) ('Avnet') announced today the expiration of the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act with respect to Avnet's proposed acquisition of Memec Group Holdings Limited ('Memec'). The company has also received regulatory approval notice regarding the Memec acquisition from the ...
May 11, 2005
PHOENIX -- Bill Chapman, senior vice president and chief technology officer of Avnet Inc. (NYSE:AVT), has been selected by CIO magazine as a recipient of its first formal recognition of standout, up-and-coming leaders in the information technology (IT) arena. The 'CIO Ones to Watch' award was created by the magazine to feature rising stars an...
May 2, 2005
PHOENIX -- Avnet Managed Technologies, the newly formed IT service business unit of Avnet Inc. (NYSE:AVT), has named Charlie Babb as vice president of sales and marketing. Babb is responsible for the planning, direction and performance of the sales and marketing initiative for Avnet Managed Technologies in serving the small and medium-sized b...
Apr 28, 2005
Phoenix, Arizona -- Avnet, Inc. (NYSE:AVT) today reported results for third quarter fiscal year 2005, which ended April 2, 2005. Revenue was $2.76 billion for the quarter, representing an increase of 4% over third quarter fiscal 2004 and a decrease of 4% sequentially following the Company's traditionally strong December quarter. Net income for t...
Apr 26, 2005
Avnet will Significantly Strengthen Position in Fast Growing Asia Region Acquisition Expands Global Footprint with Entry into Japan Market Transaction Expected to be Accretive to EPS Immediately After Closing Phoenix...
Apr 5, 2005
PHOENIX -- Avnet Inc. (NYSE:AVT) announced today that its third quarter fiscal year 2005 earnings announcement will be webcast live via the Internet at www.ir.avnet.com on Thursday, April 28, 2005. Avnet will issue a press release outlining its financial results followed by an interactive webcast at 2 p.m...
Mar 16, 2005
PHOENIX -- Key themes, trends and quotes from leading business thinkers contained in 'Compete Through Service: Creating Memorable Customer Experiences' backed by full money-back guarantee Like many executives, Avnet's Steve Church has experienced what is commonly referred to as 'three-day washout.' 'People attend conferences...
Mar 8, 2005
PHOENIX -- B2B Partner Automation Solution Lands Bill Chapman in February/March Issue Avnet Inc. (NYSE:AVT), a leading global distributor of electronic components and computer products, today announced Supply & Demand Chain Executive has selected Chief Technology Officer Bill Chapman as one of its 2005 Practitioner Pros to Know. Chose...
Feb 23, 2005
PHOENIX -- New Business Leverages Avnet's Award-Winning IT Infrastructure to Provide Data Center, Help Desk and Exchange Hosting Services Avnet Inc. (NYSE:AVT), a leading global distributor of electronic components and computer products, today announced the launch of a new IT service business, Avnet Managed Technologies, aimed at ass...
Feb 22, 2005
PHOENIX -- Avnet Inc. (NYSE:AVT) today announced Avnet will be presenting at two technology conferences in the month of March. Ray Sadowski, Avnet's senior vice president and chief financial officer, will be presenting at The Raymond James' Annual Institutional Investors Conference to be held at the Hyatt Grand Cypress in Orlando, Fla....
Jan 27, 2005
Phoenix, Arizona - Avnet, Inc. (NYSE:AVT) today reported results for second quarter fiscal year 2005, which ended January 1, 2005. Revenue was $2.88 billion for the quarter, representing an increase of 13% over second quarter fiscal 2004 and an increase of 11% sequentially. Net income for second quarter fiscal 2005 was $43.5 million, or $0.36 per s...
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