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Aug 11, 2017
PHOENIX--(BUSINESS WIRE)-- Avnet (NYSE: AVT), a leading global technology distributor, today announced that its Board of Directors declared a regular quarterly cash dividend of $0.18 per share. The dividend will be paid on September 15, 2017, to shareholders of record as of the close of business on Septe...
Aug 9, 2017
PHOENIX--(BUSINESS WIRE)-- Avnet (NYSE: AVT) today announced that Kevin Moriarty, the Company's Chief Financial Officer (CFO) for the past 4.5 years, has notified the Company of his decision to step down from the position due to personal reasons, effective August 18, 2017. Ken Jacobson, the Company's con...
Aug 9, 2017
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the fourth quarter and fiscal year ended July 1, 2017. Fourth Quarter Results Sales of $4.6 billion increased 16.1% year over year Organic sales increased 8.4% i...
Apr 27, 2017
Investing in New Global ERP System to Support Digital Transformation Provides Fiscal 2018 Outlook Reflecting Impact of Supplier Program Changes PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the third quarter fiscal year 2017 ended Apri...
Apr 14, 2017
PHOENIX--(BUSINESS WIRE)-- Avnet (NYSE: AVT), a global technology distributor, announced today that its third quarter fiscal year 2017 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, April 27, 2017. Avnet will issue a press release outlining ...
Feb 28, 2017
Builds upon its disciplined share repurchase and dividend programs, while transforming the company to support customers at every stage of the product lifecycle PHOENIX--(BUSINESS WIRE)-- Avnet (NYSE:AVT) announced today that its Board of Directors approved an expansion of the ...
Feb 16, 2017
Avnet recognized on the annual list for the eleventh consecutive year PHOENIX--(BUSINESS WIRE)-- Avnet (NYSE: AVT) was honored on FORTUNE magazine's "World's Most Admired Companies" list for 2017 in the wholesalers: electronics and office equipment category. This marks the ...
Feb 7, 2017
PHOENIX--(BUSINESS WIRE)-- Avnet (NYSE:AVT) today announced that the Company is scheduled to present at the Goldman Sachs Technology and Internet Conference 2017 in February, and the Raymond James & Associates' 38th Annual Institutional Investors Conference in March. William Amel...
Jan 26, 2017
Acquisitions Accelerate Digital Transformation PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the second quarter fiscal year 2017 ended December 31, 2016. Highlights Diluted earnings per share of $0.79 ...
Jan 18, 2017
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a global technology distributor, announced today that its second quarter fiscal year 2017 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, January 26, 2017. Avnet will issue a press release ...
Nov 30, 2016
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) has announced the pricing of its offering of $300 million aggregate principal amount of 3.750% Notes due 2021 in a registered offering. The offering is expected to close on December 2, 2016, subject to customary closing conditions. Avnet intends to use the ...
Nov 16, 2016
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at the Raymond James Technology Investors Conference in December. William Amelio, Avnet's chief executive officer, will be presenting at the Raymond James Technology Investors Confer...
Nov 14, 2016
Significantly Expands Design Strategy in the Idea Generation Phase PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) announced today that it has acquired a majority interest in Hackster, Inc. ("Hackster.io") as the first step of a two part transaction in which Avnet will a...
Nov 11, 2016
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.17 per share. The dividend will be paid on December 19, 2016, to shareholders of record as of the close of business on December 6, 2016. ...
Oct 27, 2016
Strategic Transition Underway PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the first quarter fiscal year 2017 ended October 1, 2016. Highlights Completed purchase of Premier Farnell in October, expects to r...
Oct 17, 2016
Significantly Expands Customer Base and Digital Footprint Worldwide PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) announced today that it has completed its acquisition of Premier Farnell plc ("Premier Farnell") in an all cash merger for £1.85 per share, which equa...
Oct 13, 2016
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT), a global technology distributor, announced today that its first quarter fiscal year 2017 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, October 27, 2016. Avnet will issue a press release ...
Sep 19, 2016
Company will accelerate strategy to bring world-class design chain and supply chain services to high-growth customer markets PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT), a leading global technology distributor, today announced that it has entered into an agreement to...
Aug 12, 2016
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.17 per share. The dividend will be paid on September 16, 2016, to shareholders of record as of the close of business on September 7, 2016. ...
Aug 10, 2016
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the fourth quarter and fiscal year 2016 ended July 2, 2016. Q4 Fiscal 2016 Results Sales of $6.2 billion, down 8% year over year and consistent with outlook ...
Aug 1, 2016
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a global technology distributor, announced today that its fourth quarter fiscal year 2016 earnings webcast on Wednesday, August 10, 2016, is now scheduled to begin at 11:00 a.m. Eastern, 10:00 a.m. Central, 9:00 a.m. Mountain and 8:00 a.m. Pacific time (...
Jul 28, 2016
Acquisition Will Substantially Strengthen Digital Footprint Worldwide PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has reached agreement with the Board of Directors of Premier Farnell plc ("Premier Farnell") on the terms of a recommended offer for Premie...
Jul 22, 2016
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a global technology distributor, announced today that its fourth quarter fiscal year 2016 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Wednesday, August 10, 2016. Avnet will issue a press release ...
Jul 11, 2016
Company Issues Revised Guidance for Q4 2016 PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT), a leading global technology distributor, announced today that William ("Bill") J. Amelio, a member of Avnet's Board of Directors, has been named as interim Chief Executive Officer of the ...
May 13, 2016
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.17 per share. The dividend will be paid on June 20, 2016, to shareholders of record as of the close of business on June 7, 2016. About Av...
May 9, 2016
McDaniel to share insight on solution-centric supply chains PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, today announced that Wade McDaniel, vice president of solutions architecture, Avnet Velocity, will discuss bimodal supply ...
Apr 28, 2016
Earnings Per Share in Line with ExpectationsStrong Cash Flow from Operations PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the third quarter fiscal year 2016 ended April 2, 2016. Q3 Fiscal 2016 Results ...
Apr 14, 2016
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a global technology distributor, announced today that its third quarter fiscal year 2016 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, April 28, 2016. Avnet will issue a press release outlining ...
Mar 21, 2016
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) has announced the pricing of its offering of $550 million aggregate principal amount of 4.625% Notes due 2026 in a registered offering. The offering is expected to close on March 29, 2016, subject to customary closing conditions. Avnet intends to use the ...
Mar 7, 2016
Avnet honored for its global leadership and commitment to integrity PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, announced today that it was recognized as a 2016 World's Most Ethical Company® by the Ethisphere Ins...
Mar 2, 2016
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at the Raymond James 37th Institutional Investors Conference in March. Rick Hamada, Avnet's chief executive officer, will be presenting at the Raymond James 37th Institutional Invest...
Mar 1, 2016
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT), a leading global technology distributor, today announced that Christian Goehring, logistics support supervisor for Avnet, has been named a "30 Under 30 Rising Supply Chain Star." This recognition program, sponsored by ThomasNet and ISM, honors ...
Feb 17, 2016
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT), a leading global technology distributor, today announced that Supply & Demand Chain Executive has selected Bob Brenner, senior vice president of logistics and operations, and David Paulson, vice president of business development, Avnet Velocity...
Feb 12, 2016
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.17 per share. The dividend will be paid on March 14, 2016, to shareholders of record as of the close of business on March 1, 2016. About ...
Feb 2, 2016
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT), a leading global technology distributor, today announced Chuck Delph has been appointed president of Avnet Electronics Marketing (EM) for the Americas region. He will be responsible for the strategy and business activities within the EM group i...
Jan 28, 2016
Year-Over-Year Margin Expansion Despite Softer Demand in the Americas Region PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the second quarter fiscal year 2016 ended January 2, 2016.   ...
Jan 15, 2016
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a global technology distributor, announced today that its second quarter fiscal year 2016 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, January 28, 2016. Avnet will issue a press release ...
Jan 14, 2016
Eric Williams Joins Avnet in Newly Created Role PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT), a leading global technology distributor, has announced that Eric Williams has been named to the newly created role of vice president, Internet of Things (IoT) for Avnet world...
Jan 7, 2016
Strengthens and Expands Capabilities of Technology Solutions Education Services Portfolio PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) announced today that it has acquired ExitCertified®, a leading provider of certified IT training in North America. Headquartered ...
Jan 4, 2016
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT), a leading global technology distributor, has announced that Ed Smith will assume a new role as senior vice president of Avnet embedded solutions globally, effective July 3, 2016. This Smart News Release features multimedia. View the full ...
Dec 8, 2015
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, today named Sean Valcamp to the company's newly created role of chief information security officer (CISO). Valcamp will be responsible for Avnet's global IT security in addition to enterprise architecture...
Dec 3, 2015
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at the Raymond James Technology Investors Conference in December. Kevin Moriarty, Avnet's chief financial officer, will be presenting at the Raymond James Technology Investors Confer...
Nov 13, 2015
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.17 per share. The dividend will be paid on December 14, 2015, to shareholders of record as of the close of business on December 1, 2015. ...
Nov 3, 2015
Expands Its Portfolio of Storage Solutions PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has completed the acquisition of Orchestra Service Gmbh (Orchestra), a German IT distributor of innovative storage solutions and services for EMC products. Headquarte...
Oct 29, 2015
Revenue Growth and Operating Expense Efficiencies Continue Year-over-Year Expansion of Margins and Returns PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the first quarter fiscal year 2016 ended October 3, 2015. ...
Oct 16, 2015
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT), a global technology distributor, announced today that its first quarter fiscal year 2016 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, October 29, 2015. Avnet will issue a press release ...
Sep 30, 2015
Strengthens Storage Solutions Portfolio in EMEA Region PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has signed an agreement to acquire Orchestra Service GmbH (Orchestra), a specialist German IT distributor of innovative storage solutions and services aro...
Sep 2, 2015
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) today announced that the Company is scheduled to present at two technology conferences during the month of September. Gerry Fay, Avnet's president of the Electronics Marketing group, will be presenting at the Citi 2015 Global Technology C...
Aug 14, 2015
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that its Board of Directors approved a 6.25 percent increase in the quarterly cash dividend to $0.17 per share. The dividend will be paid on September 18, 2015 to shareholders of record as of the close of business on September 9, 2015. ...
Aug 5, 2015
Fiscal Year 2015 Organic Sales Growth of 5% in Constant CurrencyAnd Continued Progress in Financial Performance PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the fourth quarter fiscal year 2015 ended June 27, 2015. Fisc...
Jul 16, 2015
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT), a global technology distributor, announced today that its fourth quarter and fiscal year 2015 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Wednesday, August 5, 2015. Avnet will issue a press release outli...
Jun 15, 2015
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT), a leading global technology distributor, announced today that Rodney C. Adkins, president of 3RAM Group LLC, a privately held company specializing in capital investments, business consulting services and property management, has been appointed ...
Jun 5, 2015
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) will host its fiscal 2015 Investor Day at the New York Stock Exchange (NYSE) in New York City on Tuesday, June 09, 2015. The event will begin with Avnet management presentations at 11:00 a.m. (Eastern Time) and will conclude at 2:30 p.m. Avnet presenters include: ...
May 28, 2015
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at the BAML 2015 Technology conference on June 3, 2015. Rick Hamada, Avnet's chief executive officer, will be presenting at the 2015 BAML Global Technology conference to be held at t...
May 15, 2015
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be paid on June 15, 2015, to shareholders of record as of the close of business on June 2, 2015. About Av...
Apr 23, 2015
Strong Organic Sales Growth of 7% in Constant Currency with Both Operating Groups Contributing PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the third quarter fiscal year 2015 ended March 28, 2015. Q3 Fiscal 2015 Results ...
Apr 8, 2015
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a global technology distributor, announced today that its third quarter fiscal year 2015 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, April 23, 2015. Avnet will issue a press release outlining ...
Feb 24, 2015
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at the Raymond James 36th Annual Institutional Investors Conference in March. Rick Hamada, Avnet's chief executive officer, will be presenting at the conference to be held at the JW ...
Feb 13, 2015
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be paid on March 16, 2015, to shareholders of record as of the close of business on March 3, 2015. About ...
Jan 30, 2015
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at two technology conferences during February. Kevin Moriarty, Avnet's chief financial officer, will be presenting at the 2015 Stifel Technology, Internet and Media Conference to be ...
Jan 22, 2015
Continued Growth and Leverage Drive Record EPS and Strong Cash Flow PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the second quarter fiscal year 2015 ended December 27, 2014. Q2 Fiscal 2015 Results ...
Jan 8, 2015
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a global technology distributor, announced today that its second quarter fiscal year 2015 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, January 22, 2015. Avnet will issue a press release ...
Jan 5, 2015
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc.(NYSE: AVT), a leading global technology distributor, today announced that it has promoted Patrick Zammit to serve as global president for Avnet Technology Solutions, one of two global operating groups within Avnet. Zammit previously served as president of Avnet Elec...
Nov 7, 2014
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today approval by the company's Board of Directors of an additional $250 million for use in the company's stock repurchase program and the declaration of a regular quarterly cash dividend of $0.16 per share. The dividend will be paid on December...
Nov 5, 2014
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at two technology conferences during November and December. Kevin Moriarty, Avnet's chief financial officer, will be presenting at the 2014 UBS Global Technology Conference to be hel...
Oct 23, 2014
Top-Line Growth and Operating Leverage Drives Improved Profitability PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the first quarter fiscal year 2015 ended September 27, 2014. Q1 Fiscal 2015 Results ...
Oct 20, 2014
Avnet is helping channel partners profitably grow their server businesses and deliver innovative, end-to-end solutions in more than 40 countries PHOENIX--(BUSINESS WIRE)-- Avnet Technology Solutions, the global IT solutions distribution leader and an operating group of Avne...
Oct 8, 2014
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, announced today that its first quarter fiscal year 2015 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, October 23, 2014. Avnet will issue a press release ...
Sep 3, 2014
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a global value-added technology distributor, today announced that Avnet Technology Solutions Global President Phil Gallagher intends to step down from his current role to focus on new career opportunities in line with his personal goals. Mr. Gal...
Aug 27, 2014
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT), a leading global technology distributor, announced today that its Board of Directors has nominated Avid Modjtabai, senior executive vice president of Wells Fargo & Company and head of its Consumer Lending Group, to stand for election at the com...
Aug 26, 2014
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) today announced that the Company is scheduled to present at two technology conferences during the month of September. Rick Hamada, Avnet's chief executive officer, will be presenting at the Citi 2014 Global Technology Conference to be hel...
Aug 8, 2014
Dividend Increased to 64 cents per Share on an Annual Basis PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that its Board of Directors has approved a 7 percent increase in the quarterly cash dividend to $0.16 per share. The dividend will be paid on September 19, 2...
Aug 6, 2014
Return to revenue growth key to strong EPS leverage PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the fourth quarter and the full fiscal year 2014 ended June 28, 2014. Fiscal 2014 Results ...
Jul 17, 2014
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT), a global technology distributor, announced today that its fourth quarter and fiscal year 2014 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Wednesday, August 06, 2014. Avnet will issue a press release ...
Jul 9, 2014
Maturity Extended to July 2019 PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) announced today that the Company has entered into a new credit facility, which matures in July 2019 and increases its borrowing capacity to $1.25 billion. The Company's previous credit facility would ...
May 27, 2014
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at the Bank of America Merrill Lynch 2014 Global Technology Conference in June. Kevin Moriarty, Avnet's chief financial officer, will be presenting at the Bank of America Merrill Lyn...
May 12, 2014
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT), a leading global technology distributor, announced today that William J. Amelio, chief executive officer and president of CHC Group Ltd. (NYSE: HELI), a global helicopter services provider, has been appointed to the company's board of directors...
May 12, 2014
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.15 per share. The dividend will be paid on June 16, 2014, to shareholders of record as of the close of business on June 3, 2014. About Av...
Apr 24, 2014
Continued Progress at Electronics Marketing Drives Year-Over-Year Growth in Revenue and EPS PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the third quarter fiscal year 2014 ended March 29, 2014. ...
Apr 8, 2014
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a global technology distributor, announced today that its third quarter fiscal year 2014 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, April 24, 2014. Avnet will issue a press release outlining ...
Mar 20, 2014
Avnet's commitment to integrity in business validated by ethical company award PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, announced today that it has been recognized by the Ethisphere Institute, an independent center of ...
Feb 26, 2014
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) today announced that the Company is scheduled to present at the Raymond James 35th Annual Institutional Investors Conference in March. Rick Hamada, Avnet's chief executive officer, will be presenting at the Raymond James 35th Annual Insti...
Feb 14, 2014
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.15 per share. The dividend will be paid on March 17, 2014, to shareholders of record as of the close of business on March 4, 2014. About ...
Feb 6, 2014
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) today announced that the Company is scheduled to present at technology conferences during February 2014. Kevin Moriarty, Avnet's chief financial officer, will be presenting at the 2014 Stifel Technology, Internet, and Media Conference to be held a...
Jan 23, 2014
Year-Over-Year Growth Drives Increase in Earnings and Returns PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the second quarter fiscal year 2014 ended December 28, 2013.   ...
Jan 8, 2014
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a global technology distributor, announced today that its second quarter fiscal year 2014 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, January 23, 2014. Avnet will issue a press release ...
Dec 30, 2013
Strengthens Leadership Position in Components Distribution as well as Embedded Computing and Display Solutions PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) announced today that it has acquired the remaining interest in MSC Investoren GmbH ("MSC Group"). This completes...
Nov 15, 2013
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at technology conferences during November and December. Rick Hamada, Avnet's chief executive officer, and Kevin Moriarty, Avnet's chief financial officer, will be presenting at the 2013 UBS ...
Nov 7, 2013
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.15 per share. The dividend will be paid on December 16, 2013, to shareholders of record as of the close of business on December 3, 2013. ...
Oct 24, 2013
Revenue Growth and Operating Leverage Drive Strong Year-Over-Year EPS Growth PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the first quarter fiscal year 2014 ended September 28, 2013. Q1 Fiscal 2014 Results ...
Oct 8, 2013
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a global technology distributor, announced today that its first quarter fiscal year 2014 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, October 24, 2013. Avnet will issue a press release o...
Oct 1, 2013
Strengthens Leadership Position in Semiconductor Distribution While Expanding Presence in Embedded Computing and Display Solutions PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has acquired a majority interest in MSC Investoren GmbH ("MSC Group")...
Aug 15, 2013
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) today announced that the Company is scheduled to present at two technology conferences during the month of September. Rick Hamada, Avnet's chief executive officer, and Kevin Moriarty, Avnet's chief financial officer, will be presenting at the 2013...
Aug 12, 2013
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that its Board of Directors has approved the initiation of a quarterly cash dividend. An initial quarterly cash dividend of $0.15 per common share will be paid on September 20, 2013 to shareholders of record as of the close of business ...
Aug 7, 2013
Revenue Growth Drives Sequential Improvement in Earnings and Cash Flow PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the fourth quarter and fiscal year ended June 29, 2013. Q4 Fiscal 2013 Results ...
Jul 29, 2013
Gerry Fay Promoted to Global President Avnet Electronics Marketing PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a global value-added technology distributor, today announced that it has promoted Gerry Fay to serve as global president for Avnet Electronics Marketing, ...
Jul 8, 2013
Significantly Expands Presence in Embedded Computing and Display Solutions PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has entered into an agreement to acquire MSC Investoren GmbH ("MSC Group"), a European distributor focused on electr...
Jul 3, 2013
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT), a global technology distributor, announced today that its fourth quarter and fiscal year 2013 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Wednesday, August 07, 2013. Avnet will issue a press release outl...
Jun 10, 2013
Significantly Expands Cloud and Automation Solutions   PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has agreed to acquire substantially all of the assets of Seamless Technologies, an IT private cloud and data center automation service provider. ...
May 24, 2013
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that the company is scheduled to present at the Bank of America Merrill Lynch 2013 Global Technology on June 5, 2013. Kevin Moriarty, Avnet's chief financial officer, will be presenting at the 2013 Bank of America Merrill L...
Apr 27, 2013
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) will host its fiscal 2013 Analyst Day at The Crowne Plaza in New York City on Wednesday, May 01, 2013. The event will begin with Avnet management presentations at 8:30 a.m. (Eastern Time) and will conclude at 1:30 p.m. Avnet presenters include: Rick Hamada, ...
Apr 25, 2013
Continues on Path Towards Long-Term Goals PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the third quarter fiscal year 2013 ended March 30, 2013. Q3 Fiscal 2013 Results ...
Apr 5, 2013
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT), a global technology distributor, announced today that its third quarter fiscal year 2013 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, April 25, 2013. Avnet will issue a press release outlining i...
Apr 1, 2013
Mar 20, 2013
Further expands wireless, optical, communications, industrial and digital home application product lines and strengthens presence in China and Hong Kong PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has agreed to acquire the shares of RTI ...
Feb 25, 2013
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, today announced that it has named Erin Lewin senior vice president and general counsel effective immediately. Lewin will report to Avnet Chief Executive Officer Rick Hamada and serve as a member of the Av...
Jan 24, 2013
Sequential Growth Drives Significant Increase in Earnings PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the second quarter fiscal year 2013 ended December 29, 2012. Q2 Fiscal 2013 Results ...
Jan 22, 2013
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at three investor conferences during the first calendar quarter of 2013. Ray Sadowski, Avnet's chief administrative officer, and Kevin Moriarty, Avnet's chief financial officer, will...
Jan 10, 2013
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a global technology distributor, announced today that its second quarter fiscal year 2013 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, January 24, 2013. Avnet will issue a press release outlining...
Jan 3, 2013
Further strengthens Avnet's solutions portfolio by expanding expertise in storage and virtualization services PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has acquired TSSLink, Inc., an IT professional services organization providing technical ...
Dec 13, 2012
Acquisition expands Avnet's footprint in the Defense Aerospace vertical PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has agreed to acquire substantially all of the operating assets of Universal Semiconductor, Inc., "USI Electronics," a ...
Dec 10, 2012
Succeeds Ray Sadowski Effective January 2, 2013 PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, today announced that it has named Kevin Moriarty as Avnet Chief Financial Officer (CFO), effective January 2, 2013. As announced in Ap...
Dec 6, 2012
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) today announced that the Company is scheduled to present at the Raymond James Technology and Supply Chain Conference during the month of December. Rick Hamada, Avnet's chief executive officer, will be presenting at the 2012 Raymond James ...
Nov 8, 2012
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT), a leading global technology distributor, announced today that it has reached an agreement to sell Vandasoft Technology Holdings Limited, Avnet Vanda Group's banking application business in China (Vanda China) to PCCW Solutions. Avnet will continue to ow...
Nov 2, 2012
Further strengthens Avnet's HP software and Cloud solutions portfolio PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has acquired Genilogix LLC, an IT application lifecycle management firm. Genilogix provides a range of products and services that ...
Oct 25, 2012
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the first quarter fiscal year 2013 ended September 29, 2012. Q1 Fiscal 2013 Results     ...
Oct 19, 2012
Further strengthens Avnet's IBM solutions portfolio by adding Business Analytics and Performance Management expertise PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has agreed to acquire BrightStar Partners, Inc., an IBM Business Analytics and Per...
Oct 10, 2012
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) reported today that its sales for the first quarter of fiscal 2013 ended September 29, 2012 will be approximately $5.85 billion, roughly 9% below the year-ago quarter and towards the lower end of original expectations. Sales at Electronics Marketing (EM) ...
Oct 1, 2012
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has closed the acquisition of the Magirus Group (Magirus), a leading pan-European distributor of data center solutions and services. Magirus is a leading value-add distributor of software, systems and related services enco...
Sep 28, 2012
Aug 24, 2012
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) today announced that the Company is scheduled to present at two technology conferences during the month of September. Rick Hamada, Avnet's chief executive officer, will be presenting at the 2012 Citi Technology Conference to be held at the Hilton ...
Aug 22, 2012
Acquisition of Electronic Components Distributor Expands Avnet's Presence in Japan While Strengthening Technological Expertise PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) announced today that, through its wholly-owned subsidiary, Memec Group Limited, it has closed the tender offer bid...
Aug 10, 2012
PHOENIX--(BUSINESS WIRE)-- The Avnet, Inc. (NYSE:AVT) Board of Directors today announced the succession plan for the Chairman of the Board, expressing intent to select current board member William Schumann III to serve as the non-executive chairman, subject to his re-election as an Avnet board m...
Aug 8, 2012
Announces Additional $250 Million Share Repurchase Authorization PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the fourth quarter and fiscal year ended June 30, 2012. Fiscal Year 2012 Results ...
Aug 2, 2012
New Services Capabilities Will Expand Avnet's HP Portfolio PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) announced today that it has acquired Pepperweed Consulting, an IT enterprise management and integration provider. As an HP Software Elite Partner and winner of multiple HP Partner-of...
Aug 1, 2012
Acquisition Strengthens Leadership Position in Israeli Market PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has acquired the operating assets of the electronic components distribution business of C.R.G. Electronics Ltd. (CRG), an Israeli company. CRG is a distribu...
Jul 13, 2012
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a global technology distributor, announced today that its fourth quarter and fiscal year 2012 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Wednesday, August 8, 2012. Avnet will issue a press release outlining ...
Jul 9, 2012
Company makes its first appearance on FORTUNE Global 500 list PHOENIX--(BUSINESS WIRE)-- FORTUNE magazine announced today that global technology distributor Avnet, Inc. (NYSE: AVT) ranked No. 414 on the 2012 FORTUNE Global 500, a list of the world's largest ...
Jul 5, 2012
Acquisition of Electronic Components Distributor Expands Supplier and Customer Partnerships While Strengthening Technological Expertise PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. announced today that, through a wholly-owned subsidiary, it has launched a tender offer bid for all outstanding share...
Jul 3, 2012
Acquisition to Strengthen Avnet Abacus's Position in the German Passive Components Distribution Market PHOENIX--(BUSINESS WIRE)-- Avnet, Inc., (NYSE:AVT), announced today that it has acquired Altron GmbH & Co. KG (Altron). Altron, which is headquartered in Lehrte Ger...
Jul 2, 2012
Expands Footprint of Strategic Technologies in EMEA Region PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has agreed to acquire the Magirus Group (Magirus), a leading pan-European distributor of data center solutions and services. Magirus is a leading value-add ...
May 7, 2012
Tops 2012 FORTUNE 500 List of Companies Headquartered in Arizona PHOENIX--(BUSINESS WIRE)-- FORTUNE magazine announced today that global technology distributor Avnet, Inc. (NYSE:AVT) ranked No. 108 on the 2012 FORTUNE 500 list of largest U.S. companies. With $26.5 ...
Apr 26, 2012
Progress at Both Operating Groups Consistent with Expectations PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the third quarter fiscal year 2012 ended March 31, 2012.   ...
Apr 25, 2012
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that the company is scheduled to present at two technology conferences during the next couple of months. Rick Hamada, Avnet's chief executive officer, will participate in the "CEO Distributor Panel: Focus on Convergence" at the Glob...
Apr 24, 2012
New channel services provided through acquisition of Ascendant Technology TEMPE, Ariz.--(BUSINESS WIRE)-- Avnet Technology Solutions, an operating group of Avnet, Inc. (NYSE: AVT), today announced three new services offerings for the U.S. and Canada: Healthcare Pro...
Apr 13, 2012
Initiates Search for Successor PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, announced today that Ray Sadowski, the company's Chief Financial Officer for the past 19 years, has notified the company of his intent to retire. Accordingly, t...
Apr 4, 2012
New Aftermarket Services Business Offers Total Solution for the Technology Supply Chain PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announces the launch of Avnet Integrated Resources, a global provider delivering a complete portfolio of aftermarket services t...
Apr 2, 2012
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has completed its acquisition of substantially all of the operating assets of Hartford Computer Group, Inc. and its subsidiary Nexicore Services LLC ("Nexicore") through a Section 363 sale process in the U.S. Bankruptcy Court in Ch...
Mar 27, 2012
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a global technology distributor, announced today that its third quarter fiscal year 2012 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, April 26, 2012. Avnet will issue a press release outlining it...
Mar 26, 2012
Significantly Expands Professional Services Capabilities and Resources PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) announced today that it has agreed to acquire Ascendant Technology LLC, a leading international IT consulting firm with operating units in North America, Europe, Brazil a...
Mar 9, 2012
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that Roy Vallee, its Chairman of the Board, has established a Rule 10b5-1 plan (the "Plan") to effect the orderly sale of a small portion of his future holdings of Avnet common stock resulting from the potential exercise of options granted...
Feb 13, 2012
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) today announced that R. Kerry Clark, retired chairman and chief executive officer of Cardinal Health, has been appointed to the company's board of directors. Mr. Clark will serve on both the Audit and Compensation Committees. "Kerry's ext...
Jan 31, 2012
Significantly Strengthens IT Lifecycle Management Capabilities PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has acquired Canvas Systems, a leading independent supplier of IT hardware and services with operating units in the United States, the United Kingdom and t...
Jan 30, 2012
Expanding its reverse logistics capabilities PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has completed its acquisition of Pinnacle Data Systems, Inc. ("PDSi"). The acquisition is expected to be immediately accretive to earnings and supports Avnet's retu...
Jan 26, 2012
Record Q2 EPS and Strong Cash Flow PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the second quarter fiscal year 2012 ended December 31, 2011. Q2 Fiscal 2012 Results ...
Jan 18, 2012
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) today announced that the Company is scheduled to present at three investor conferences during the months of February and March. Ray Sadowski, Avnet's chief financial officer, will be presenting at the Stifel Nicolaus Technology & Telecom ...
Jan 17, 2012
Students across U.S. expected to compete for thousands of dollars in scholarship money PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, has announced that registration is now open for college students across the nation to compete i...
Jan 4, 2012
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a global technology distributor, announced today that its second quarter fiscal year 2012 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, January 26, 2012. Avnet will issue a press release outlining...
Dec 15, 2011
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has entered into a definitive agreement to acquire ROUND2 INC. and its parent Round2 Technologies, Inc. ("ROUND2"). The acquisition has been approved by the Boards of Directors of both companies and is subject to the approval of RO...
Dec 12, 2011
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) announced today that it has entered into an agreement to acquire substantially all of the operating assets of Hartford Computer Group, Inc. and its subsidiary Nexicore Services LLC ("Nexicore"). Nexicore voluntarily initiated Chapter 11 proceedings in th...
Dec 5, 2011
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced two corporate officer promotions. Steve Phillips, chief information officer, has been promoted to a corporate officer position of senior vice president for Avnet, Inc. from vice president. In addition, Graeme Watt, presid...
Nov 21, 2011
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has entered into a five-year $1.0 billion senior unsecured revolving credit facility. The facility includes a $250 million accordion feature allowing Avnet to increase its borrowing capacity to up to $1.25 billion, subject to certa...
Nov 15, 2011
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) today announced it will host its 2011 Analyst Day at The New York Marriott Marquis in New York City on Wednesday, December 14, 2011. The event will begin with Avnet management presentations at 8:30 a.m. (Eastern Time) and will conclude at 1:30 p.m. Avnet...
Nov 11, 2011
Nov 10, 2011
Expanding its reverse logistics capabilities PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has entered into a definitive agreement to acquire Pinnacle Data Systems, Inc. ("PDSi") in an all-cash merger for $2.40 per share, which equates to an equity value ...
Nov 10, 2011
COLUMBUS, OH -- (MARKET WIRE) -- 11/10/11 -- Pinnacle Data Systems, Inc. (NYSE Amex: PNS) ("PDSi") announced today that it has entered into a definitive agreement to be acquired by Avnet, Inc. (NYSE: AVT) ("Avnet") in an all cash merger for $2.40 per share, which equates to an equity value of approximately $22 million as of September 30, 2011....
Oct 31, 2011
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) a leading global technology distributor, today announced that the Company is scheduled to present at four technology conferences during the months of November and December. Rick Hamada, Avnet's chief executive officer, will be presenting at the ...
Oct 27, 2011
Growth Slows, TS Improves, Buyback Begins PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the first quarter fiscal year 2012 ended October 1, 2011. Q1 Fiscal 2012 Results   ...
Sep 28, 2011
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a global technology distributor, announced today that its first quarter fiscal year 2012 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, October 27, 2011. Avnet will issue a press release outlining ...
Aug 29, 2011
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at two technology conferences during the month of September. Rick Hamada, Avnet's chief executive officer, will be presenting at the 2011 Citi Technology Conference to be held at the Hilton N...
Aug 10, 2011
Phoenix, August 10, 2011 - Avnet, Inc. (NYSE:AVT) today announced results for the fourth quarter and fiscal year ended July 2, 2011. ...
Aug 1, 2011
Strengthens Leadership Position in Asia IP&E Market PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has acquired J.C. Tally Trading Co., Ltd (J.C. Tally) and its affiliate Shanghai FR International Trading, an interconnect, passive and electromechanical com...
Aug 1, 2011
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has acquired Prospect Technology Corp. (Prospect Technology), an electronic components distributor with operations in Taiwan. Prospect Technology provides technical support, module solutions and circuit design support to help custo...
Jul 12, 2011
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that its fourth quarter and fiscal year 2011 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Wednesday, August 10, 2011. Avnet will issue a press release outlining its financial results at appr...
Jul 5, 2011
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has completed its acquisition of value-added IT distributor Amosdec SAS. Founded in 1990, Amosdec is a leader in the field of virtualization and storage management solutions throughout France. During the 2010 calendar year, Amosdec...
Jul 4, 2011
Vallee to Continue as Executive Chairman PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, today announced that Rick Hamada has succeeded Roy Vallee as the company's Chief Executive Officer (CEO). The transition was previously announced on F...
Jun 13, 2011
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc., (NYSE:AVT) a leading global technology distributor, today announced Gerry Fay has been promoted to chief global logistics and operations officer, effective July 4, 2011. Fay, a 16-year electronics industry veteran, joined the Avnet team via the Memec acqui...
May 26, 2011
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) today announced the promotion of MaryAnn Miller, chief human resources officer, to corporate senior vice president of Avnet, Inc. Named Avnet vice president in January 2010, Miller became Avnet chief human resources officer in 2009. ...
May 17, 2011
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has entered into a definitive agreement to acquire the value-added IT distributor Amosdec SAS. Founded in 1990, Amosdec is a leader in the field of virtualization and storage management solutions throughout France. During the 2010 ...
May 17, 2011
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) announced today that James A. Lawrence, chief executive officer of Rothschild North America and co-head of global investment banking, has been appointed to the company's board of directors effective May 12, 2011. Mr. Lawrence previously served on Avnet's...
May 2, 2011
PHOENIX--(BUSINESS WIRE)-- Avnet Logistics, the global logistics and warehousing arm of Avnet, Inc. (NYSE:AVT) has promoted Robert Brenner to senior vice president of logistics warehousing and distribution for the Americas, reporting to Jim Smith, president of Avnet Logistics. A 15-year veteran of the ...
Apr 28, 2011
Strong Revenues Globally Drive Continued Growth in Profits PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the third fiscal quarter ended April 2, 2011.   ...
Apr 19, 2011
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) today announced that the company is scheduled to present at two technology conferences during the next couple of months. Phil Gallagher, president, Avnet Technology Solutions, Global, will participate in the "Distributor Panel Focusing on Europe" ...
Mar 28, 2011
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that its third quarter fiscal year 2011 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, April 28, 2011. Avnet will issue a press release outlining its financial results at 8:00 a.m. E...
Feb 14, 2011
Roy Vallee to Continue as Executive Chairman PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, announced today that the Board of Directors has promoted Rick Hamada, 53, to Chief Executive Officer (CEO) effective July 4, 2011, concurrent with...
Feb 14, 2011
Roy Vallee to Continue as Executive Chairman PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, announced today that the Board of Directors has promoted Rick Hamada, 53, to Chief Executive Officer (CEO) effective July 4, 2011, concurrent with...
Jan 27, 2011
Record Revenue Drives Significant EPS Growth PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced results for the second quarter fiscal year 2011 ended January 1, 2011.   ...
Jan 24, 2011
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at three investor conferences during the months of February and March. Roy Vallee, Avnet’s chairman and chief executive officer, will be presenting at the Stifel Nicolaus Annual Tech...
Jan 5, 2011
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that its second quarter fiscal year 2011 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, January 27, 2011. Avnet will issue a press release outlining its financial results followed by...
Jan 4, 2011
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has sold New ProSys Corp. (“ProSys”), a value-added reseller and a leading provider of IT infrastructure solutions to a broad range of markets, to ACS Acquisition Corp., an affiliate of Applied Computer Solutions. Avnet acquired ProSys ...
Jan 3, 2011
Doubles Presence in the Australian IT Solutions Distribution Market PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) announced today that it has completed its acquisition of itX Group Limited (itX), a leading Australian value-added distributor of IT software, hardware and services, in an al...
Dec 13, 2010
One of only 350 companies in NYSE history to achieve the 50-year milestone PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, will commemorate its 50th anniversary as a public company on the New York Stock Exchange (NYSE) by ringing ...
Nov 19, 2010
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced that Roy Vallee, its Chairman and Chief Executive Officer, has established a Rule 10b5-1 plan (the “Plan”) to effect the orderly sale of a small portion of his future holdings of Avnet common stock resulting from the potential exercise of ...
Nov 17, 2010
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced it will host its 2010 Analyst Day at The New York Stock Exchange on Wednesday, December 15, 2010. The event will begin with Avnet management presentations at 10:00 a.m. (Eastern Time) and will conclude at 3:00 p.m. Avnet presenters include: ...
Nov 16, 2010
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE:AVT) today announced the election of Ed Smith as a new corporate vice president. Promoted to president of Avnet Electronics Marketing Americas in February 2009, Smith is a 20-year-plus electronics industry veteran and is responsible for guiding the st...
Nov 8, 2010
PHOENIX--(BUSINESS WIRE)-- Avnet, Inc. (NYSE: AVT) today announced that the Company is scheduled to present at two technology conferences during the month of December. Roy Vallee, Avnet’s chairman and chief executive officer, will be presenting at the Credit Suisse Annual Technology Conference to ...
Nov 1, 2010
PHOENIX, Nov 01, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, will commemorate its 50th anniversary as a public company on the New York Stock Exchange (NYSE) by ringing the Closing Bell on Wednesday, December 15, 2010. As part of its celebration, Avnet is counting d...
Oct 28, 2010
PHOENIX, Oct 28, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced results for the first quarter fiscal year 2011 ended October 2, 2010. Three Months Ended ...
Oct 4, 2010
PHOENIX, Oct 04, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced today that it has acquired Broadband Integrated Resources Ltd (Broadband). Founded in 2001, Broadband specializes in the repair of broadband and cable TV equipment in support of cable operators and manufacturers. With approximately 50 employees, ...
Oct 4, 2010
PHOENIX, Oct 04, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced today that, through its wholly-owned subsidiary, it has acquired certain assets from Eurotone Electric Limited (Eurotone). Established in 1994, Eurotone is an engineering focused electronic components distributor in China that provides general ...
Sep 29, 2010
PHOENIX, Sep 29, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced today that its first quarter fiscal year 2011 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, October 28, 2010. Avnet will issue a press release outlining its financial results followed by...
Sep 1, 2010
PHOENIX, Sep 01, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, has announced that registration is now open for college students across the nation to compete in the third virtual games of the Avnet Tech Games. The virtual games help students prepare for real-world ...
Aug 17, 2010
PHOENIX, Aug 17, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at two technology conferences during the month of September. Ray Sadowski, Avnet's chief financial officer, will be presenting at the 2010 Citi Technology Conference to be held at the New York Marriott Ma...
Aug 13, 2010
PHOENIX, Aug 13, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced today that it has entered into a definitive agreement to acquire all of the outstanding shares of itX Group Limited (itX), an Australian value-added distributor of software, hardware and services, in an all cash merger valued at AU$77.5 million ...
Aug 11, 2010
PHOENIX, Aug 11, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced results for the fourth quarter and fiscal year 2010 ended July 3, 2010. ...
Aug 6, 2010
PHOENIX, Aug 06, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that on August 11, 2010, it will publish a review of its fiscal fourth quarter and fiscal year 2010 results by Ray Sadowski, chief financial officer. This document will be in addition to the earnings release and will be available for download ...
Jul 19, 2010
PHOENIX, Jul 19, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE: AVT) announced today that, through its wholly-owned subsidiary, Avnet EM Holdings (Japan) Godo Kaisha, it has closed the tender offer bid for Unidux, Inc. (TSE: 9897). About 94.6 percent of the shares of Unidux's common stock were validly tendered, well above the 67...
Jul 16, 2010
PHOENIX, Jul 16, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that its wholly-owned subsidiary, Bell Microproducts, Inc. ("Bell"), is notifying holders of its 3 ¾% Convertible Subordinated Notes, due 2024 and 3 ¾% Convertible Subordinated Notes, Series B due 2024 (together, the "Notes") that a Chang...
Jul 14, 2010
PHOENIX, Jul 14, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced today that its fourth quarter and fiscal year 2010 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Wednesday, August 11, 2010. Avnet will issue a press release outlining its financial results follow...
Jul 6, 2010
PHOENIX, Jul 06, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced it has completed its acquisition of the Tallard Technologies companies (Tallard), part of Itautec S.A. - Grupo Itautec. Tallard is a value-added distributor focused on delivering solutions from key global IT suppliers to customers through...
Jul 6, 2010
PHOENIX, Jul 06, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced today that it has completed its acquisition of Bell Microproducts Inc. ("Bell Micro") in an all cash merger for $7.00 per share, which equates to an equity value of approximately $252 million and a transaction value of approximately $631 millio...
Jun 22, 2010
PHOENIX, Jun 22, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced the completion of its public offering of $300 million aggregate principal amount of 5.875% Notes due 2020. The joint book-running managers for the offering were Banc of America Securities LLC and J.P. Morgan Securities Inc. This press release ap...
Jun 18, 2010
PHOENIX, Jun 18, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) has announced the launch and pricing of its offering of $300 million aggregate principal amount of 5.875% Notes due 2020 in a registered offering. The offering is expected to close June 22, 2010, subject to customary closing conditions. Avnet intends to use ...
May 25, 2010
PHOENIX, May 25, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE: AVT) announced today that, through its wholly-owned indirect subsidiary Avnet EM Holdings (Japan) Godo Kaisha, it has launched a tender offer bid for all issued shares of Unidux, Inc. (Unidux), a publicly traded company (TSE: 9897), substantially expanding i...
May 18, 2010
PHOENIX, May 18, 2010 (BUSINESS WIRE) -- Global technology distribution, marketing and services company Avnet, Inc. (NYSE: AVT) today announced that Rick Hamada has been promoted to president and chief operating officer (COO), effective immediately, adding president to his current COO title. With more than 25 years o...
May 3, 2010
PHOENIX, May 03, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced it has entered into a definitive agreement to acquire the Tallard Technologies companies (Tallard), part of Itautec S.A. - Grupo Itautec. Tallard is a value-added distributor focused on delivering solutions from key global brands to customers ...
Apr 29, 2010
PHOENIX, Apr 29, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced results for the third quarter fiscal 2010 ended April 3, 2010. Three Mo...
Apr 27, 2010
PHOENIX, Apr 27, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at three technology conferences during the next couple of months. Roy Vallee, Avnet's chairman and chief executive officer, will be participating in a panel "Distribution Panel on U.S. and Latin America" ...
Apr 6, 2010
PHOENIX, Apr 06, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced the acquisition of certain assets of PT Datamation Purwana Utama and PT Mitra Bisinfo Utama (Datamation) of Indonesia, expanding Avnet's footprint and customer base in ASEAN for value-added IT distribution. Founded in 1990, Datamation is a value-...
Mar 30, 2010
PHOENIX, Mar 30, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced today that its third quarter fiscal year 2010 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, April 29, 2010. Avnet will issue a press release outlining its financial results followed by a...
Mar 29, 2010
PHOENIX, Mar 29, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) ("Avnet") announced today that it has entered into a definitive agreement to acquire Bell Microproducts Inc. ("Bell") in an all cash merger for $7.00 per share, which equates to an equity value of approximately $252 million and a transaction value of app...
Mar 4, 2010
Feb 12, 2010
PHOENIX, Feb 12, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE: AVT) today announced that William H. Schumann III, executive vice president and chief financial officer of FMC Technologies, Inc., has been appointed to the company's board of directors. Mr. Schumann's appointment brings the total number of Avnet directors t...
Jan 28, 2010
PHOENIX, Jan 28, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today reported revenue of $4.83 billion for the second quarter fiscal 2010 ended January 2, 2010, representing an increase of 13.2% over the second quarter fiscal 2009 and 10.0% excluding the impact of changes in foreign currency exchange rates. On a ...
Jan 21, 2010
PHOENIX, Jan 21, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at four investor conferences during the months of February and March. Roy Vallee, Avnet's chairman and chief executive officer, will be presenting at the Thomas Weisel Partners Technology & Telecom Confer...
Jan 6, 2010
PHOENIX, Jan 06, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced the election of three new corporate officers. Jeff Bawol, president, Avnet Technology Solutions, Americas; MaryAnn Miller, chief human resources officer, Avnet, Inc.; and Rusty Murdaugh, group finance officer, Avnet Technology Solutions, ...
Jan 5, 2010
PHOENIX, Jan 05, 2010 (BUSINESS WIRE) -- Avnet, Inc. (NYSE: AVT) announced today that its second quarter fiscal year 2010 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, January 28, 2010. Avnet will issue a press release outlining its financial results followed ...
Dec 17, 2009
TEMPE, Ariz., Dec 17, 2009 (BUSINESS WIRE) -- Avnet Technology Solutions, a solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), announced today it has signed a distribution agreement with Cisco to become a high-value specialty distributor for its data center products in th...
Dec 14, 2009
PHOENIX, Dec 14, 2009 (BUSINESS WIRE) -- Avnet, Inc.'s (NYSE:AVT) Chairman and Chief Executive Officer Roy Vallee will present at the Raymond James IT Supply Chain Conference in New York City on Tuesday, December 15, 2009 at 9:40 a.m. Eastern Standard Time. During his presentation, Vallee will discuss current market conditions ...
Dec 1, 2009
PHOENIX, Dec 01, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE: AVT) today announced the acquisition of certain assets of Sunshine Joint Stock Company of Vietnam, further expanding its presence and customer base in ASEAN. Founded in 2001, Sunshine is a value add IT distributor providing server, storage and software products ...
Nov 24, 2009
PHOENIX, Nov 24, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announcedthatRoy Vallee, its Chairman and Chief Executive Officer, has established a Rule 10b5-1 plan (the "Plan") to effect the orderly sale of a small portion of his future holdings of Avnet common stock resulting from the potential exercise of o...
Nov 18, 2009
PHOENIX, Nov 18, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced it will host its 2009 Analyst Day at The New York Stock Exchange on Thursday, December 17, 2009. The event begins with a luncheon at 11:30 a.m. (Eastern Time) and Avnet management presentations begin at 12:00 p.m. and conclude at 4:00 p.m. Avnet ...
Oct 29, 2009
PHOENIX, Oct 29, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today reported revenue of $4.36 billion for the first quarter fiscal 2010 ended October 3, 2009, representing a decrease of 3.1% over the first quarter fiscal 2009 and a 0.6% decrease excluding the impact of changes in foreign currency exchange rates. On a pro f...
Oct 22, 2009
PHOENIX, Oct 22, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at three technology conferences during the months of November and December. Rick Hamada, Avnet's chief operating officer, will be participating on a panel titled "IT Services and Distribution: Changes in ...
Oct 14, 2009
PHOENIX, Oct 14, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE: AVT) today announced that it has, with effect from October 5, 2009, acquired a controlling interest in Vanda Group from Hutchinson Whampoa Limited, expanding its presence and customer base across China. Founded in 1982, Vanda Group is a leading IT solutions and ...
Sep 29, 2009
PHOENIX, Sep 29, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced today that its first quarter fiscal year 2010 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, October 29, 2009. Avnet will issue a press release outlining its financial results followed by...
Aug 25, 2009
PHOENIX, Aug 25, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced that it has filed its Annual Report on Form 10-K for the year ended June 27, 2009 with the United States Securities and Exchange Commission ('SEC'). The Company makes available, free of charge via its website, www.avnet.com, its Annual Reports on Form...
Aug 19, 2009
PHOENIX, Aug 19, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at two technology conferences during the month of September. Roy Vallee, Avnet's chairman and chief executive officer, will be presenting at the 2009 Citi Technology Conference to be held at the Marriott ...
Aug 5, 2009
PHOENIX, Aug 05, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today reported revenue of $3.77 billion for the fourth quarter fiscal 2009 ended June 27, 2009, representing a decrease of 19.5% over the fourth quarter fiscal 2008 and 14.7% excluding the impact of changes in foreign currency exchange rates. On a pro forma ...
Jul 6, 2009
PHOENIX, Jul 06, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE: AVT) announced today that its fourth quarter and fiscal year 2009 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Wednesday, August 5, 2009. Avnet will issue a press release outlining its financial results follow...
Apr 30, 2009
PHOENIX, Apr 30, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at two technology conferences during the next couple of months. Roy Vallee, Avnet's chairman and chief executive officer, will be participating in a panel "International Insights, Initiatives & Impact" at...
Apr 23, 2009
PHOENIX, Apr 23, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today reported revenue of $3.70 billion for the third quarter fiscal 2009 ended March 28, 2009, representing a decrease of 16.3% over the third quarter fiscal 2008 and 10.5% excluding the impact of changes in foreign currency exchange rates. On a pro for...
Mar 26, 2009
PHOENIX, Mar 26, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE: AVT) announced today that its third quarter fiscal year 2009 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, April 23, 2009. Avnet will issue a press release outlining its financial results followed by ...
Mar 17, 2009
PHOENIX, Mar 17, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE: AVT) today announced that holders of $298,059,000 in aggregate principal amount of its 2% Convertible Senior Debentures due 2034 (the "Debentures") validly surrendered for purchase their Debentures prior to the expiration of their right, pursuant to the terms ...
Mar 10, 2009
PHOENIX, Mar 10, 2009 (BUSINESS WIRE) -- Avnet, Inc.'s (NYSE:AVT) Chairman and Chief Executive Officer Roy Vallee will present at the Raymond James 30th Annual Institutional Investors Conference in Orlando, Florida tomorrow, March 11th, at 8:05 a.m. Eastern time. During his presentation, Vallee will discuss current market c...
Feb 23, 2009
PHOENIX, Feb 23, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE: AVT) announced today that it has completed its joint venture with Sanko Holding Group in Turkey. The joint venture, Avnet Technology Solutions Sanayi ve Ticaret A.S., will now be part of the operations of Avnet Technology Solutions Europe, Middle East and Africa ...
Feb 17, 2009
PHOENIX, Feb 17, 2009 (BUSINESS WIRE) -- The Avnet Electronics Marketing operating group of Avnet, Inc. (NYSE:AVT) announces the appointment of Ed Smith as president of Avnet Electronics Marketing Americas, effective immediately. In his new role, Smith will be responsible for the Avnet Electronics Marketing Americas busines...
Feb 13, 2009
PHOENIX, Feb 13, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE: AVT) today announced that it is notifying holders of the $300,000,000 outstanding principal amount of its 2% Convertible Senior Debentures due 2034 (the "Debentures") that they have an option, pursuant to the terms of the Debentures, to require Avnet to purchase, ...
Feb 10, 2009
PHOENIX, Feb 10, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today reported that it filed its Quarterly Report on Form 10-Q for the quarter ended December 27, 2008 with the Securities and Exchange Commission (the "SEC"). The Form 10-Q includes a non-cash goodwill and intangible asset impairment charge that was not include...
Feb 5, 2009
PHOENIX, Feb 05, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that it will record a non-cash goodwill and intangible asset impairment charge for the quarter ended December 27, 2008. As the Company noted in its quarterly earnings press release on January 22, 2009, the decline of the Company's stock price ...
Jan 22, 2009
PHOENIX, Jan 22, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today reported revenue of $4.27 billion for second quarter fiscal 2009 ended December 27, 2008, representing a decrease of 10.2% over second quarter fiscal 2008 and 6.4% excluding the impact of changes in foreign currency exchange rates. On a pro forma (...
Jan 20, 2009
PHOENIX, Jan 20, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced today through its wholly-owned subsidiary, Electron House (Overseas) Limited, that its offer for Abacus Group Plc (Abacus) has been declared unconditional in all respects. As had been previously announced, all shareholders of Abacus will receive ...
Jan 19, 2009
PHOENIX, Jan 19, 2009 (BUSINESS WIRE) -- Avnet, Inc., (NYSE:AVT) a leading value added global technology distributor, today announced that it has promoted Philip Gallagher to serve as global president for Avnet Technology Solutions, one of two global operating groups within Avnet. Gallagher will be responsible for th...
Jan 13, 2009
PHOENIX, Jan 13, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE: AVT) today announced that the Company is scheduled to present at two technology conferences during the months of February and March. Roy Vallee, Avnet's chairman and chief executive officer, will be presenting at the Thomas Weisel Partners Technology & Telecom Conf...
Jan 7, 2009
PHOENIX, Jan 07, 2009 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced today that its second quarter fiscal year 2009 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, January 22, 2009. Avnet will issue a press release outlining its financial results followed b...
Dec 19, 2008
PHOENIX, Dec 19, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE: AVT) announced today that it has entered into a joint venture agreement with Sanko Holding Group in Turkey. Under the terms of the agreement, Avnet will acquire a 50.01 percent interest of the joint venture, which will include the operations of Akora Technology and ...
Dec 4, 2008
PHOENIX, Dec 04, 2008 (BUSINESS WIRE) -- Avnet, Inc.'s (NYSE:AVT) chairman and chief executive officer Roy Vallee will present at Credit Suisse's 2008 Annual Technology Conference in Scottsdale, Arizona this morning at 11:00 a.m. Mountain Standard Time. During his presentation, Vallee will discuss current market conditions ...
Dec 2, 2008
PHOENIX, Dec 02, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced it will host its 2008 Analyst Day at The Crowne Plaza Times Square Hotel on Tuesday, December 16, 2008 starting at 8:00 a.m. (Eastern) and concluding at 12:00 p.m., followed by a luncheon from 12:00 to 1:30 p.m. Presenting at the event will be ...
Dec 1, 2008
PHOENIX & TOKYO, Nov 30, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that it has entered into an agreement to acquire Nippon Denso Industry Co., Ltd. of Japan ("NDI") through its subsidiary, Avnet Japan Co., Ltd. ("Avnet EM Japan"). NDI is a Tokyo-based, value-added distributor of electronic components wit...
Nov 11, 2008
PHOENIX, Nov 11, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at two technology conferences during the months of November and December. Ray Sadowski, Avnet's chief financial officer, will be presenting at the Raymond James IT Supply Chain Conference to be held at the Sheraton New York H...
Oct 23, 2008
PHOENIX, Oct 23, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today reported revenue of $4.49 billion for first quarter fiscal 2009 ended September 27, 2008, representing an increase of 9.7% over first quarter fiscal 2008 and 7.0% excluding the impact of changes in foreign currency exchange rates. Pro forma (organic) revenue growth, as defined in...
Oct 10, 2008
PHOENIX, Oct 10, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced today that it plans to acquire Abacus Group PLC (Abacus), through one of its wholly owned subsidiaries, in an all cash offer for GBP0.55 per share, which equates to an equity value of approximately GBP42.2 million ($73.0 million) and a transaction value of GBP105.1 million ($...
Sep 23, 2008
PHOENIX, Sep 23, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced today that its first quarter fiscal year 2009 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, October 23, 2008. Avnet will issue a press release outlining its financial results followed by an interactive webcast at 2:00 ...
Sep 5, 2008
PHOENIX, Sep 05, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that Roy Vallee, its Chairman and Chief Executive Officer, has established a Rule 10b5-1 plan (the "Plan") to effect the orderly sale of a small portion of his holdings of Avnet common stock, including certain options from grants made in 1999 that will expire in Septemb...
Aug 14, 2008
PHOENIX, Aug 14, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE: AVT) today announced that the Company is scheduled to present at two technology conferences during the month of September. Ray Sadowski, Avnet's chief financial officer, will be presenting at the Citigroup 15th Annual Global Technology Conference to be held at the Hilton New York Hotel...
Aug 6, 2008
PHOENIX, Aug 06, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today reported revenue of $4.68 billion for fourth quarter fiscal 2008 ended June 28, 2008, representing an increase of 10.4% over fourth quarter fiscal 2007 and 5.4% excluding the impact of changes in foreign currency exchange rates. Pro forma (organic) revenue growth, as defined in t...
Jul 31, 2008
PHOENIX, Jul 31, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced it has completed its acquisition of Ontrack Solutions Pvt. Ltd. (Ontrack) of India. A Mumbai-based systems integrator established in 1993, Ontrack is known in the market as a leader in security, networking, consolidation, virtualization, storage and server solutions. On...
Jul 16, 2008
PHOENIX, Jul 16, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that William P. Sullivan, president and chief executive officer of Agilent Technologies Inc., has been appointed to the company's board of directors. "We are delighted to welcome Mr. Sullivan to the Avnet Board," commented Roy Vallee, Avnet's chairman and chief exec...
Jul 1, 2008
PHOENIX, Jul 01, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE: AVT) announced today that its fourth quarter and fiscal yearend 2008 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Wednesday, August 6, 2008. Avnet will issue a press release outlining its financial results followed by an interactive webcast ...
Jun 30, 2008
PHOENIX, Jun 30, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced today that it has acquired Source Electronics Corporation (Source) headquartered in Hollis, New Hampshire. Established in 1988, Source is a leading provider of outsourced custom programming services for integrated circuits (IC). Source combines deep technical expertise, high ...
Jun 30, 2008
PHOENIX, Jun 30, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced today through its wholly-owned subsidiary, Avnet (Holdings) Limited, that its offer for Horizon Technology Group plc (Horizon) has been declared unconditional in all respects. As had been previously announced, all shareholders of Horizon will receive EUR 1.18 per share, which...
May 23, 2008
PHOENIX, May 23, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced that it has reached a definitive agreement to acquire Ontrack Solutions Pvt. Ltd. (Ontrack) of India. A Mumbai-based systems integrator established in 1993, Ontrack is known in the market as a leader in security, networking, consolidation, virtualization, storage and server s...
May 21, 2008
TEMPE, Ariz., May 21, 2008 (BUSINESS WIRE) -- Avnet Technology Solutions, an operating group of global technology distributor Avnet, Inc. (NYSE: AVT), today announced the promotion of Jeff Bawol to president of Avnet Technology Solutions, Americas, effective immediately. As president, Bawol will be responsible for the strategic direction and growth...
May 1, 2008
PHOENIX, May 01, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at two technology conferences during the month of May. Roy Vallee, Avnet's chairman and chief executive officer, will be presenting at the Merrill Lynch Technology 2008 Conference to be held at the Westin Times Square in New ...
Apr 24, 2008
PHOENIX, Apr 24, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today reported revenue of $4.42 billion for third quarter fiscal 2008 ended March 29, 2008, representing an increase of 13.3% over third quarter fiscal 2007 and 8.4% excluding the impact of changes in foreign currency exchange rates. Pro forma revenue growth, as defined in the Non-GAAP...
Apr 21, 2008
PHOENIX, Apr 21, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced on Friday that through its wholly-owned subsidiary, Avnet (Holdings) Limited, the Company plans to acquire Horizon Technology Group PLC in an all cash offer for EUR 1.18 per share, which equates to an equity value of approximately EUR 98.5 million ($156.1 million) and a trans...
Apr 15, 2008
PHOENIX, Apr 15, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today reported that sales for third quarter fiscal 2008 ended March 29, 2008 are expected to be approximately $4.42 billion representing an increase of 13% over third quarter fiscal 2007, but towards the low end of expectations. Net income for third quarter fiscal 2008, excluding restr...
Apr 1, 2008
PHOENIX, Apr 01, 2008 (BUSINESS WIRE) -- Avnet Inc. (NYSE: AVT) today announced that it has completed its acquisition of UK-based distributor Azzurri Technology Ltd. Azzurri is one of Europe's leading design-in distributors of high technology semiconductors and embedded systems products. Azzurri will be integrated into Avnet Electronics Marketing E...
Mar 25, 2008
PHOENIX, Mar 25, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced today that its third quarter fiscal year 2008 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, April 24, 2008. Avnet will issue a press release outlining its financial results followed by an interactive webcast at 2:00 p....
Feb 25, 2008
PHOENIX, Feb 25, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE: AVT) today announced that Moody's Investors Service raised the corporate family and senior unsecured ratings of Avnet, Inc. to Baa3 from Ba1 with a stable outlook. In its report, released on February 22, 2008, Moody's cited, "The upgrade considers the solid execution, operating efficiency ...
Jan 28, 2008
PHOENIX, Jan 28, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at three technology conferences during the months of February and March. Roy Vallee, Avnet's chairman and chief executive officer, will be presenting at the Thomas Weisel Partners 2008 Technology Telecom Internet Conference t...
Jan 24, 2008
PHOENIX, Jan 24, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today reported revenue of $4.75 billion for second quarter fiscal 2008 ended December 29, 2007, representing an increase of 22.2% over second quarter fiscal 2007. Pro forma revenue growth, as defined in the Non-GAAP Financial Information Section, was 6.3% over the prior year second qua...
Jan 23, 2008
PHOENIX, Jan 23, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, announced today its Chairman and CEO Roy Vallee will join all Arizona NYSE Euronext-listed company chairmen, CEOs and senior executives live from Arizona to ring The Closing Bell(R), Friday, February 1, 2008. The Closing Bell signifies the clos...
Jan 10, 2008
PHOENIX, Jan 10, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced today that it has entered into a definitive agreement to acquire the UK-based distributor Azzurri Technology Ltd. Azzurri is one of Europe's leading design-in distributors of high technology semiconductors and embedded systems products. The closing of the transaction is subje...
Jan 7, 2008
PHOENIX, Jan 07, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced the election of four new corporate officers and the promotion of two others. John Paget, president, Avnet Technology Solutions Global; Jim Smith, president, Avnet Logistics; and K.P. Tang, president, Avnet Technology Solutions Asia Pacific, have all been elected as new ...
Jan 2, 2008
PHOENIX, Jan 02, 2008 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that it has acquired YEL Electronics Hong Kong Ltd. (YEL). YEL, which was established in 1992, is a leading distributor of interconnect, passive, electromechanical and limited semiconductor components in the Asia region, representing over 30 franchised suppliers. YE...
Dec 26, 2007
PHOENIX, Dec 26, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced today that its second quarter fiscal year 2008 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, January 24, 2008. Avnet will issue a press release outlining its financial results followed by an interactive webcast at 2:00...
Dec 17, 2007
PHOENIX, Ariz., Dec 17, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that it has completed its acquisition of the IT Solutions Division of Acal plc. The acquired business, which has annual revenues of approximately $200 million, is a leading European value-added distributor for Storage Networking (SAN), Networking, Security, Elect...
Nov 27, 2007
PHOENIX, Nov 27, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced it will host its 2007 Analyst Day at The Millennium Broadway Hotel on Monday, December 10, 2007 starting at 1:00 p.m. (Eastern) and concluding by 5:00 p.m, followed by a cocktail reception from 5:00 to 7:00 p.m. Presenting at the event will be Roy Vallee, Avnet's Chairm...
Nov 20, 2007
PHOENIX, Nov 20, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at three technology conferences during the months of November and December. Roy Vallee, Avnet's chairman and chief executive officer, will be presenting at the Credit Suisse 2007 Annual Technology Conference to be held at the...
Nov 7, 2007
PHOENIX, Nov 07, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE: AVT) announced today that it has completed its acquisition of the Berlin, Germany-based passive components distributor Betronik GmbH. Betronik, which has annual sales of approximately $40 million, employs about 80 people and has a logistics center in Berlin, seven sales offices across Germ...
Nov 1, 2007
PHOENIX, Nov 01, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that it has acquired ChannelWorx Pty Ltd of Australia. A Melbourne-based networking and security value-added distributor established in 1989, ChannelWorx is known in the market as a leader in security and networking. ChannelWorx markets a portfolio of networking pro...
Oct 25, 2007
PHOENIX, Oct 25, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today reported revenue of $4.10 billion for first quarter fiscal 2008, ended September 29, 2007, representing an increase of 12.3% over first quarter fiscal 2007. Net income for first quarter fiscal 2008 was $105.5 million, or $0.69 per share on a diluted basis, as compared with net in...
Oct 8, 2007
PHOENIX, Oct 08, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that it has completed its acquisition of the Enterprise Infrastructure Division of Magirus Group. The acquired business, which has annual revenues of approximately $500 million, is a value-added distributor of IBM and Hewlett-Packard enterprise computing products in sev...
Sep 28, 2007
PHOENIX, Sep 28, 2007 (BUSINESS WIRE) -- Avnet, Inc. ("Avnet") (NYSE:AVT) today announced that it has entered into a five-year senior unsecured credit facility. The facility provides for extensions of credits in the aggregate amount of up to $500 million with a $100 million accordion feature allowing Avnet to increase its borrowing capacity to up t...
Sep 27, 2007
PHOENIX, Sep 27, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced that it has reached a definitive agreement with Acal plc for Avnet to acquire the IT Solutions division of Acal plc. Acal IT Solutions is a leading value-added distributor for Storage Area Networking (SAN), Secure Networking and Electronic Document Management products and ser...
Sep 18, 2007
PHOENIX, Sep 18, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced today that its first quarter fiscal year 2008 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, October 25, 2007. Avnet will issue a press release outlining its financial results followed by an interactive webcast at 2:00 ...
Aug 28, 2007
PHOENIX, Aug 28, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at two technology conferences during the month of September. Ray Sadowski, Avnet's chief financial officer, will be presenting at the Citigroup 2007 Technology Conference to be held at the Hilton Hotel in New York City on Sep...
Aug 8, 2007
PHOENIX, Aug 08, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today reported record revenue of $4.24 billion for fourth quarter fiscal 2007, ended June 30, 2007, representing an increase of 17.3% over fourth quarter fiscal 2006. Organic (pro forma) revenue growth, as defined in the Non-GAAP Financial Information section, was 4.0% over the prior y...
Jul 18, 2007
Phoenix, 18 July 2007 - Avnet, Inc. (NYSE: AVT) announced today that it has entered into a definitive agreement to acquire the European Enterprise Infrastructure Division of value-added distributor Magirus Group. With annual revenues of approximately $500 million, the acquired business will be integrated into the European operations of Avnet ...
Jul 10, 2007
PHOENIX, Jul 10, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced today that its fourth quarter and fiscal yearend 2007 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Wednesday, August 8, 2007. Avnet will issue a press release outlining its financial results followed by an interactive webcast a...
Jul 4, 2007
Munich, July 4, 2007 - Avnet Time, a business unit of Avnet Electronics Marketing EMEA and Avnet, Inc., (NYSE:AVT), announced today that it has acquired the UK-based Interconnect, Passive and Electromechanical (IP&E) distributor, Flint Distribution Ltd. Flint will be combined with the Avnet Time organisation. The newly formed business will hav...
Jun 5, 2007
PHOENIX, Jun 05, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that Roy Vallee, its Chairman and Chief Executive Officer, has established a Rule 10b5-1 plan to effect the orderly exercise of certain employee stock options and the sale of the underlying shares over a period to expire in October 2007 (the "plan") unless earlier termi...
Apr 26, 2007
PHOENIX, Apr 26, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today reported net income, including certain charges described below, of $105.2 million, or $0.70 per diluted share, for its third quarter fiscal 2007 ended March 31, 2007. Restructuring, integration and other charges negatively impacted current quarter net income by $4.2 million after...
Apr 24, 2007
PHOENIX, Apr 24, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at two technology conferences during the month of May. Roy Vallee, Avnet's chairman and chief executive officer, will be participating in a panel "Delivering New Value in Diverse Market Segments" at the GTDC Investor Relation...
Apr 18, 2007
PHOENIX, Apr 18, 2007 (BUSINESS WIRE) -- Avnet, Inc., (NYSE:AVT) a global technology distribution and services company, today announced it has moved up 40 places to achieve the No. 172 ranking on the annual Fortune 500 list of America's largest corporations. With $14.25 billion in sales in fiscal 2006, Avnet ranked No. 1 in Arizona as well. Avnet i...
Apr 18, 2007
PHOENIX, Apr 18, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT), a global technology distribution and services company, broke ground today on a new integration and logistics facility in Chandler, Ariz. Ryan Companies US, Inc. will develop and construct the approximately 228,000-square-foot facility in the flex-industrial complex at Chandler Freeway...
Apr 16, 2007
SINGAPORE, Apr 16, 2007 (BUSINESS WIRE) -- Avnet Technology Solutions, an operating group of global technology distributor Avnet, Inc. (NYSE: AVT), today announced the acquisition of Azure Technologies by Avnet Asia Pte Ltd from Vanda Group. This acquisition accelerates Avnet Technology Solutions' growth in the Asia Pacific region by extending valu...
Apr 12, 2007
NETTETAL, Germany, Apr 12, 2007 (BUSINESS WIRE) -- Avnet Technology Solutions, an operating group of global technology distributor Avnet, Inc. (NYSE: AVT), today announced the appointment of Dick Borsboom as president of Avnet Technology Solutions, EMEA, effective immediately. As president, Borsboom will be responsible for the strategic direction a...
Mar 20, 2007
PHOENIX, Mar 20, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) announced today that its third quarter fiscal year 2007 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, April 26, 2007. Avnet will issue a press release outlining its financial results followed by an interactive webcast at 2:00 p....
Mar 7, 2007
PHOENIX, Mar 07, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced the completion of its public offering of $300 million aggregate principal amount of 5 7/8% Notes due 2014. The joint book-running managers for the offering were Banc of America Securities LLC and Credit Suisse Securities (USA) LLC This press release appears as a mat...
Mar 6, 2007
PHOENIX, Mar 06, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT), a global technology distribution and services company, announced today that it has been named to the America's Most Admired Companies list by Fortune magazine. This year, Avnet moved up two rankings to be in the top 5 most admired companies in the Electronics and Office Equipment Whol...
Mar 5, 2007
PHOENIX, Mar 05, 2007 (BUSINESS WIRE) -- Avnet Logistics, a specialized logistics provider and division of global technology distributor Avnet Inc. (NYSE: AVT), today announced the appointment of Jim Commiskey as senior vice president of Avnet Logistics Services. In this role, Commiskey is responsible for driving the sales and marketing of Avnet's ...
Mar 2, 2007
PHOENIX, Mar 02, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced the pricing of its offering of $300 million aggregate principal amount of 5 7/8% Notes due 2014 in a registered offering. Upon pricing, the offering size was increased from the $250 million aggregate principal amount, which was offered on March 2, 2007. The offering is ...
Mar 2, 2007
PHOENIX, Mar 02, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today announced that it plans to raise $250 million through an offering of senior notes due 2014. Avnet intends to use the net proceeds to repay amounts outstanding under its revolving credit facility and/ or its accounts receivable securitization program. The offering will be lead-man...
Feb 26, 2007
PHOENIX, Feb 26, 2007 (BUSINESS WIRE) -- With a host of new features including personalized briefcases, RSS feeds and email alerts, Avnet, Inc. (NYSE:AVT) has redesigned its investor relations website with investors' and analysts' needs in mind. Shareholder tools put you in the driver's seat, allowing access to the information you need in a con...
Feb 6, 2007
Phoenix, Ariz. - Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at two technology conferences during the month of March. Ray Sadowski, Avnet's chief financial officer, is scheduled to present at the Raymond James 28th Annual Institutional Investors Conference to be held at the Hyatt Regency Grand Cy...
Jan 25, 2007
Phoenix, Arizona - Avnet, Inc. (NYSE:AVT) today reported revenue of $3.89 billion for second quarter fiscal 2007 ended December 30, 2006, representing an increase of 3.5% over second quarter fiscal 2006. Excluding the impact of divestitures during fiscal year 2006, second quarter revenue grew 6.0% over the year ago quarter and 3.2% excluding the...
Jan 18, 2007
Phoenix, Ariz. - Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at the Thomas Weisel Partners Technology Conference 2007. Roy Vallee, Avnet's chairman and chief executive officer, will be presenting at the Thomas Weisel Partners Technology Conference 2007 being held at the Fairmont Hotel in San Franci...
Jan 16, 2007
PHOENIX -- More than 100 college students will compete in the second annual Avnet Tech Games on March 2, 2007, demonstrating technical skills, innovative thinking and creative problem-solving in the hopes of earning scholarships to Arizona colleges. For the second year in a row, Avnet, Inc. (NYSE:AVT) has partnered with Maricopa County ...
Jan 4, 2007
PHOENIX -- Avnet, Inc. (NYSE:AVT) today announced the election of four new corporate officers. Steve Phillips, chief information officer; Stephen Wong, president, Avnet Electronics Marketing Asia; and Neil Taylor, deputy general counsel, have all been elected as corporate vice presidents for Avnet, Inc. In addition, Jun Li, associate general co...
Jan 4, 2007
Avnet, Inc. (NYSE:AVT) announced today that its second quarter fiscal year 2007 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, January 25, 2007. Avnet will issue a press release outlining its financial results followed by an interactive webcast at 2:0...
Jan 2, 2007
PHOENIX--Avnet, Inc. (NYSE:AVT) today announced that it has completed its acquisition of Access Distribution, a General Electric company and leading value-added distributor of complex computing solutions for $410.3 million in cash, subject to adjustments based upon the audited net book value at closing, effective December 31, 2006. The acquisit...
Dec 20, 2006
Phoenix, Arizona, -- Avnet, Inc. (NYSE:AVT) ('Avnet') announced today that it has received all required regulatory approvals, including clearance from the US Federal Trade Commission, the Competition Bureau Canada and the Commission of the European Communities, with respect to its proposed acquisition of Access Distribution, a General Electric ...
Dec 19, 2006
Hong Kong -- Avnet Technology Solutions, an operating group of global technology distributor Avnet, Inc. (NYSE: AVT), today opened Avnet Technology Solutions (Tianjin) Ltd -- an integration centre designed to support the company's global OEM customers in China. Services provided from this centre, headed by Sophie Li, general manager of Avnet Te...
Dec 19, 2006
Singapore -- Avnet Electronics Marketing's Programming Centre in Singapore has been certified as fully compliant with the ISO/TS 16949 -- a quality management standard hailed by many as 'the future for the automotive sector.' 'The ISO/TS 16949 standard is a quality management system specifically for the automotive sector,' said Louis La...
Dec 13, 2006
PHOENIX -- Pericom Semiconductor named Avnet Electronics Marketing as its first worldwide distribution partner today. With a distribution agreement for the Americas region signed, Pericom's (NASDAQ: PSEM) full line of serial high-speed switching, timing and signal-integrity solutions is now available to Avnet Electronics Marketing custo...
Dec 11, 2006
PHOENIX--Avnet, Inc. (NYSE:AVT), a leading global technology distributor, was recognized as Innovator of the Year - Large Company at the Arizona Governor's Celebration of Innovation. Avnet was chosen for the results its Request-to-Order (R2O) automated order management system achieved for its vast network of value-added resellers (VARs). ...
Dec 7, 2006
PHOENIX -- Integrated Device Technology (IDT), a semiconductor solutions provider, has named Avnet Memec, a division of Avnet Electronics Marketing Americas, as its North American Distributor of the Year. Citing Avnet Memec's top numbers in sales, design wins and registrations over the past year, IDT presented the award at its Worldwide...
Dec 5, 2006
Munich -- Freescale Semiconductor (NYSE:FSL) has recognized EBV Elektronik, an Avnet (NYSE:AVT) company, as EMEA region distributor of the year for outstanding top line growth and innovation. EBV grew its Freescale business by over 25 percent compared to the same period last year. "Freescale is delighted with EBV's performance during 20...
Nov 30, 2006
SHANGHAI -- Avnet Electronics Marketing Asia, an operating group of the leading global technology distributor, Avnet, Inc. (NYSE:AVT), has announced that it has won another top industry award in the fiercely competitive distribution market of China. The company has been recognized as the 'Best Distributor in the Component Industry' in the passi...
Nov 29, 2006
Munich - Avnet Time, a leading pan-European IP&E distributor, announced at the Electronica exhibition an expanded franchise agreement with NIC Components. Under the new franchise contract, Avnet Time will distribute NIC's complete spectrum of passive products, such as resistors, capacitors and magnetic devices. "NIC is already very succ...
Nov 28, 2006
TEMPE, Ariz. -- Avnet Technology Solutions, Americas, a distributor focused on enterprise computing solutions and an operating group of Avnet, Inc. (NYSE:AVT), today announced that its HP Blade server consolidation program has resulted in a significant increase in consolidation projects by its partners and that it has expanded this successful p...
Nov 28, 2006
TEMPE, Ariz. -- Avnet Technology Solutions, Americas, a value-added distributor of enterprise computing products, software and services and an operating group of Avnet, Inc. (NYSE: AVT), has signed an agreement with SAS to bring HP value-added reseller (VAR) partners together with SAS sales representatives to provide complete business intellige...
Nov 28, 2006
Phoenix, Arizona -- Avnet, Inc. (NYSE:AVT) today announced it will host its 2006 Analyst Day at The Le Parker Meridien on Thursday, December 14, 2006 starting at 8:00 a.m. (Eastern) and concluding by 1:30 p.m. Presenting at the event will be Roy Vallee, Avnet's Chairman and Chief Executive Officer; Rick Hamada, Chief...
Nov 28, 2006
TEMPE, Ariz. -- Building on its expertise in IT consolidation solutions, Avnet Technology Solutions, Americas, a distributor focused on enterprise computing solutions and an operating group of Avnet, Inc. (NYSE:AVT), announced an expanded suite of services to help its value-added reseller partners deliver a virtual desktop computing environment...
Nov 28, 2006
TEMPE, Ariz. -- Avnet Technology Solutions, Americas, a value-added distributor of enterprise computing products, software and services and an operating group of Avnet, Inc. (NYSE: AVT), today expanded its Consolidation Impact Analysis (CIA) offering to include storage. The service enables Avnet's HP value-added reseller (VAR) partners to drive...
Nov 20, 2006
Avnet, Inc. to Present at the Credit Suisse 2006 Annual Technology Conference, the 2006 Lehman Brothers Global Technology Conference and the Raymond James IT Supply Chain Conference Phoenix, Ariz. - Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at three technology conferences during the months of Novemb...
Nov 20, 2006
Avnet, Inc. to Present at the Credit Suisse 2006 Annual Technology Conference, the 2006 Lehman Brothers Global Technology Conference and the Raymond James IT Supply Chain Conference Phoenix, Ariz. - Avnet, Inc. (NYSE:AVT) today announced that the Company is scheduled to present at three technology conferences during the months of Novemb...
Nov 16, 2006
PHOENIX -- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, today announced it has been named to IDG's InfoWorld 100, honoring the year's most innovative corporate IT solutions. The annual awards recognize IT projects that demonstrate the most creative use of cutting-edge technologies to further their business goals. To be consi...
Nov 15, 2006
PHOENIX -- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, will share insights and industry trends at the 2006 Global Industrial Strategic Marketing Organization's (GISMO) Top Management Summit on Nov. 19, 2006. Roy Vallee, CEO of Avnet, and Jim Smith, president of Avnet Logistics, will participate in the annual conference for ...
Nov 14, 2006
PHOENIX -- Avnet Electronics Marketing garnered several top Channel Marketing Award prizes at this year's National Electronic Distributors Association Executive Conference in Chicago. In 11 categories, Avnet was honored in nine -- including awards for company website, corporate newsletter, corporate capability brochure and industry advo...
Nov 13, 2006
BEIJING & PHOENIX -- Avnet Electronics Marketing, the largest operating group of leading global distributor of electronic components and computer products, Avnet, Inc. (NYSE:AVT), today announced it has been ranked No. 25 in the InformationWeek China 100 list of the nation's best users of information technology. This is the second consecutive y...
Nov 9, 2006
Singapore -- Avnet Electronics Marketing Asia, an operating group of Avnet, Inc. (NYSE: AVT), today announced it has signed a distribution agreement with UChips Inc., a solution provider of mobile 3-dimension (3D) accelerators. Under the agreement, Avnet will market and support UChips products across Asia, including Australia, China, India, Kor...
Nov 6, 2006
Avnet Will Become Leading Distributor for Full Line of Sun Microsystems Acquisition Adds Complementary Product Lines and Expands Geographic Coverage of Enterprise Distribution Business in Europe Transaction Expected to Be Accretive to EPS Immediately After Closing PHOENIX--Avnet, Inc. (NYSE:AVT) ('...
Oct 31, 2006
PHOENIX, Ariz. -- To further strengthen its business model in Southern Europe, Avnet Memec, a division of global technology distributor Avnet, Inc. (NYSE:AVT), has acquired the semiconductor and embedded systems specialist distribution company ESCO Italiana, based in Monza, Italy. Thirty-four-year-old ESCO Italiana, with sales of approx...
Oct 30, 2006
Singapore -- Avnet Electronics Marketing Asia, an operating group of Avnet, Inc. (NYSE: AVT), today announced the release of its Actel ProASIC3 Evaluation Kit, the only available solution that enables product development and evaluation using the highest density ProASIC3 field-programmable gate array (FPGA). Featuring a single-chip, one million ...
Oct 30, 2006
TEMPE, Ariz. -- Avnet Technology Solutions, Americas, a value-added distributor of enterprise computing products, software and services and a division of Avnet, Inc. (NYSE:AVT), for the second year running, was named as the No. 1 preferred source for IT 'specialty distribution' by solution providers in the 2006 CRN Sourcing Study. CRN, a leadin...
Oct 26, 2006
Phoenix, Arizona - Avnet, Inc. (NYSE:AVT) today reported revenue of $3.65 billion for first quarter fiscal 2007 ended September 30, 2006, representing an increase of 11.6% over first quarter fiscal 2006. Excluding the impact of divestitures during fiscal year 2006, first quarter pro forma revenue grew 14.2% over the year-ago quarter. GAAP net in...
Oct 24, 2006
PHOENIX -- Avnet Electronics Marketing Americas, the largest operating group of Avnet, Inc. (NYSE:AVT), today announced that its specialized Avnet United division has been awarded a second-year Partners in Performance award by Celestica, a world leader in electronics manufacturing services (EMS). The awards are given annually to Celesti...
Oct 19, 2006
Basingstoke, England -- Tyan Computer Corporation, the specialist high-end motherboard and system maker, has signed a pan-European distribution agreement with Avnet Technology Solutions. Under the terms of the agreement, Avnet will distribute Tyan's range of motherboards and barebone systems across Europe. The distributor will offer the...
Oct 18, 2006
TEMPE, Ariz. & REDMOND, Wash., -- Avnet Technology Solutions, an operating group of Avnet, Inc. (NYSE:AVT) and a distributor focused on enterprise computer products and embedded subsystems, and Microsoft Corp. (NASDAQ:MSFT), announced a strategic alliance to help certified value-added resellers (VARs) market, sell, service and support comprehen...
Oct 18, 2006
PHOENIX -- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, today announced it has been selected by the American Society for Training & Development (ASTD) for its 2006 BEST Awards Program. Avnet is one of 39 organizations worldwide to receive an ASTD BEST Award. The ASTD BEST Awards recognize organizations that demonstrate enter...
Oct 11, 2006
--Avnet Electronics Marketing Americas, the largest operating group of Avnet, Inc. (NYSE:AVT), today announced a new series of SpeedWay Design Workshops(TM) for design engineering professionals interested in using Xilinx FPGAs (Field Programmable Gate Arrays), for embedded processing, serial connectivity, and high performance digital signal pro...
Oct 11, 2006
Phoenix -- For the third year in a row, three Arizona-based companies helped U.S. armed forces troops serving overseas see their loved ones during the holidays. Avnet, Inc., Arizona Corporate Broadcast Center (AZCBC) and Modavox provided the location and equipment so families with military personnel serving away from home could record f...
Oct 10, 2006
Munich, October 10, 2006 -- To further strengthen its Demand Creation business model in the Southern European region, Avnet Memec has acquired the semiconductor and embedded systems specialist distribution company ESCO Italiana, based in Monza, Italy. Thirty-four-year-old ESCO Italiana is one of the most successful distributors in Italy...
Oct 5, 2006
PHOENIX -- Avnet, Inc. (NYSE:AVT), a leading global technology distributor, today announced it has been named to the InformationWeek 500, marking the third consecutive year that Avnet has been recognized among the top 100 innovative information technology (IT) users. The magazine selected Avnet for this honor based on the development and deploy...
Oct 2, 2006
PHOENIX -- The School of Global Studies at Arizona State University (ASU) announces that Ed Kamins, chief operational excellence officer of global technology distributor Avnet, Inc. (NYSE:AVT), is joining its advisory board, the Director's Council. As a member of this board of experts and leaders, Kamins will have significant input in the deve...
Sep 27, 2006
Avnet, Inc. (NYSE:AVT) announced today that its first quarter fiscal year 2007 earnings announcement is scheduled to be webcast live via the Internet at www.ir.avnet.com on Thursday, October 26, 2006. Avnet will issue a press release outlining its financial results followed by an interactive webcast at 2:00 p.m. Eastern, 1:00 p.m. Central, 12:00...
Sep 14, 2006
Phoenix, AZ -- Avnet, Inc. (NYSE:AVT) today announced that it has notified JPMorgan, as trustee, that the Company has elected to redeem on October 12, 2006, all of its outstanding 9¾% Notes due February 15, 2008, at a make-whole redemption price calculated to the redemption date in accordance with the terms of the indenture covering the no...
Sep 12, 2006
Phoenix, AZ -- Avnet, Inc. (NYSE:AVT) today announced the completion of its public offering of $300 million aggregate principal amount of 6.625% Notes due 2016. The joint book-running managers for the offering were Banc of America Securities LLC and J.P. Morgan Securities Inc. This press release appears as a matter of record only and doe...
Sep 6, 2006
Phoenix, AZ -- Avnet, Inc. (NYSE:AVT) today announced that it plans to raise $250 million through an offering of senior notes due 2016. Avnet intends to use the net proceeds of approximately $248.0 million from this offering, together with cash, cash equivalents and other financial resources, if necessary, to repurchase not less than $250 millio...
Aug 9, 2006
Phoenix, Arizona - Avnet, Inc. (NYSE:AVT) today reported revenue of $3.61 billion for fourth quarter fiscal 2006, ended July 1, 2006, representing an increase of 27.8% over fourth quarter fiscal 2005. The prior year quarter did not include revenue of Memec Group Holdings, Inc. ('Memec'), which was acquired on July 5, 2005. Revenue was up 5.6% over ...
Aug 2, 2006
PHOENIX -- Avnet Logistics, a specialized logistics provider and division of global technology distributor Avnet Inc. (NYSE: AVT), today announced that it has been recognized on the 2006 Supply & Demand Chain Executive 100 list of leading supply chain solution providers on the forefront of innovation. Avnet was honored for its supply chain exp...
Jun 6, 2006
PHOENIX -- Global technology distributor Avnet Inc. (NYSE:AVT) has announced the promotion of Jim Smith to president, Avnet Logistics, effective immediately. Smith has joined the Avnet Executive Board and will report to Avnet Chief Operating Officer Rick Hamada effective July 2, 2006. Smith, a 35-year veteran of the electronics indust...
Apr 27, 2006
Phoenix, Arizona - Avnet, Inc. (NYSE:AVT) today reported revenues of $3.61 billion for its third quarter fiscal 2006, which ended April 1, 2006, up 31.1% over third quarter fiscal 2005 revenues of $2.76 billion. The prior year quarter did not include revenues of Memec Group Holdings, Inc. ('Memec'), which was acquired on July 5, 2005. Revenues w...
Apr 26, 2006
PHOENIX -- What if a Cliffs Notes(TM)-type summary of top educational forums were available to re-energize attendees, or to enlighten and pique the interest of those who did not attend? Fortunately, one is available -- a new strategic handbook, Compete Through Service, written by a group of Avnet (NYSE:AVT) leaders, in cooperation wit...
Mar 30, 2006
Avnet, Inc. (NYSE:AVT) announced today that its third quarter fiscal year 2006 earnings announcement will be webcast live via the Internet at www.ir.avnet.com on Thursday, April 27, 2006. Avnet will issue a press release outlining its financial results followed by an interactive webcast at 2:00 p.m. Easte...
Mar 23, 2006
PHOENIX--Global technology distribution and services company Avnet Inc. (NYSE:AVT) has named as its new chief operating officer ('COO') Avnet Technology Solutions President Rick Hamada. In his new role, effective July 2, 2006, Hamada will assume global operational responsibility for the company's two operating groups, Avnet Technology Solutio...
Mar 7, 2006
PHOENIX--Avnet Logistics, a specialized logistics provider and division of global technology distributor Avnet Inc. (NYSE: AVT), today announced continued growth and new supply chain implementations in the electronics industry. Avnet Logistics streamlines the supply chains of its customers by providing supply chain information service...
Mar 3, 2006
Phoenix -- The Olympics in Turin are history. But the first-ever technology olympics in Arizona are in full swing today at Mesa Community College, where students from the largest community college system in the United States, Maricopa Community Colleges, are vying for scholarship prizes in the first Avnet Tech Games. Games Help Prepar...
Feb 20, 2006
Phoenix, AZ -- Avnet Inc. (NYSE:AVT) announces the election of a new corporate officer, Bill Crowell, who is vice president and global financial officer for the $4.8 billion Avn...
Feb 17, 2006
Phoenix -- The Olympics in Turin are underway. And the first-ever technology olympics in Arizona are coming up at Mesa Community College on March 3rd, where students from the largest community college system in the United States, Maricopa Community Colleges, are vying for scholarship prizes in the first Avnet Tech Games. "Pitting stud...
Feb 14, 2006
Phoenix, Arizona - Avnet, Inc. ('Avnet') (NYSE:AVT) today announced that it completed the secondary offering of shares of its common stock. The 17,957,367 shares sold in the offering were offered by the Permira Shareholders and included 2,257,367 shares sold pursuant to the exercise of the underwriters' option. The option was exercised concur...
Feb 9, 2006
Phoenix, Arizona - Avnet, Inc. ('Avnet') (NYSE:AVT) today announced the sale of 15,700,000 shares of its common stock by the Permira shareholders at a price to the public of $24 per share. The offering is expected to close on Tuesday, February 14, 2006. All 15,700,000 shares of common stock are being sold by the Permira shareholders w...
Jan 25, 2006
PHOENIX--(BUSINESS WIRE)--Avnet, Inc. (NYSE:AVT) announced today that it intends to file with the Securities and Exchange Commission a prospectus supplement to its existing registration statement on Form S-3 to register for resale approximately 13 million shares of the Company's common stock, which represent the balance of the unregistered sh...
Jan 25, 2006
Phoenix, Arizona - Avnet, Inc. (NYSE:AVT) today reported revenues of $3.76 billion for its second quarter fiscal 2006, which ended December 31, 2005, up 30.4% over second quarter fiscal 2005 revenues of $2.88 billion. The prior year quarter did not include revenues of Memec Group Holdings, Inc. ('Memec'), which was acquired on July 5, 2005. Reve...
Jan 6, 2006
PHOENIX -- Budding scientists throughout the state will have a chance to demonstrate their talents, win cash prizes for themselves and their teachers, and be on TV at the 3rd Annual Avnet Science and Technology Fair on Feb. 25 at Castles and Coasters, located at 9445 Metro Parkway East in Phoenix. Created to give students in grade...
Nov 29, 2005
Sale of US-Based Hewlett Packard (HP) End-User Business to Logicalis, Inc. Creation of Calence LLC, a Combination of Avnet Enterprise Solutions and Calence, Inc. Multi-Year Exclusive Distribution Agreement with Logicalis, Inc. PHOENIX -- Avnet, Inc. (NYSE:AVT) ('Avnet') announced three transactions today...
Nov 28, 2005
PHOENIX -- Avnet Inc. (NYSE:AVT), a leading global distributor of electronic components and computer products, was selected by BusinessWeek for its Nov. 21 Web Smart 50 list profiling the top companies using the Internet in innovative ways. Recognized for saving more than $1 million annually by implementing Voice over Internet Proto...
Nov 16, 2005
PHOENIX -- Avnet Inc. (NYSE:AVT), a leading global distributor of electronic components and computer products, today announced it received a Customer Innovation Award from webMethods for the impact its information technology team, the Global Information Solutions (GIS) group, has had on Avnet's business operations. Avnet was recogn...
Nov 7, 2005
Phoenix, Ariz. -- Avnet, Inc. (NYSE:AVT) announced today that it will host the company's Annual Meeting of Shareholders at the Avnet Corporate Broadcast Center. The meeting will take place on Thursday, November 10, 2005, at 4 p.m. Eastern, 3 p.m. Central, 2 p.m. Mountain/Arizona and 1 p.m. Pacific time. Shareholders of the company as ...
Oct 27, 2005
Phoenix, Arizona - Avnet, Inc. (NYSE:AVT) today reported revenues of $3.27 billion for its first quarter fiscal 2006, which ended October 1, 2005, up 25.7% over first quarter fiscal 2005 revenues of $2.60 billion. The prior year quarter did not include revenues of Memec Group Holdings, Inc. ('Memec'), which was acquired on July 5, 2005. Revenu...
Oct 14, 2005
Phoenix, Arizona - Avnet, Inc. ('Avnet') (NYSE:AVT) today announced that it has amended and restated its existing credit facility to both increase the size of the facility and extend the term. The amended and restated credit facility is a five-year $500 million unsecured revolving credit facility with a $50 million accordion feature allowing ...
Sep 26, 2005
Phoenix, Arizona -- Avnet, Inc. (NYSE: AVT) today announced that its Board of Directors has amended the Company's Corporate Governance Guidelines to include a provision that any director who receives a greater number of votes 'withheld' from his or her election than votes 'for' such election shall submit to the Board a letter of resignation f...
Sep 22, 2005
PHOENIX -- Avnet Inc. (NYSE:AVT), a leading global distributor of electronic components and computer products, today announced it is ranked No. 13 on the InformationWeek 500 list of the nation's best users of information technology. The company is ranked first in the distribution industry and is one of only two distributors ranked in the top ...
Sep 14, 2005
Phoenix, Arizona -- Avnet, Inc. (NYSE: AVT) today announced that it has accepted for purchase $250 million principal amount of its 8.00% Notes due November 15, 2006 (the 'Notes') that were tendered in response to the Company's tender offer for up to $250 million in principal amount of the $400 million outstanding principal amount of Notes. T...
Sep 6, 2005
Phoenix, Ariz. -- Avnet, Inc. (NYSE:AVT) today announced Roy Vallee, Avnet's Chairman and chief executive officer, will present at the Bank of America 35th Annual Investment Conference to be held at the Ritz-Carlton Hotel, in San Francisco, California on September 20, 2005 at 2:00 p.m. Pacific time. This Avnet presentation will be bro...
Aug 16, 2005
Phoenix, AZ - Avnet, Inc. (NYSE:AVT) today announced the pricing of its offering of $250 million aggregate principal amount of 6.00% Senior Notes due 2015 in a registered offering. The offering is expected to close on August 19, 2005, subject to customary closing conditions. Avnet intends to use the net proceeds of approximately $246 ...
Aug 15, 2005
Phoenix, AZ - Avnet, Inc. (NYSE:AVT) today announced that it plans to raise $250 million through an offering of senior notes due 2015. Avnet intends to use the net proceeds of approximately $248 million from this offering, together with cash on hand, to repurchase up to $250 million in aggregate principal amount of its outstanding 8.00% Notes...
Aug 15, 2005
Phoenix, AZ -- Avnet, Inc. (NYSE:AVT) today announced that it has commenced a cash tender offer for up to $250 million in aggregate principal amount of its outstanding 8.00% Notes due November 15, 2006. There is currently $400 million in principal amount of the 8.00% Notes outstanding. The tender offer will expire at 5:00 p.m., New York City ...
Aug 10, 2005
Phoenix, Arizona - Avnet, Inc. (NYSE:AVT) today reported revenues of $11.07 billion for fiscal 2005, ended July 2, 2005, up 8.0% over fiscal 2004 revenues of $10.24 billion. Net income for fiscal 2005 was $168.2 million, or $1.39 per share on a diluted basis, as compared with net income of $72.9 million, or $0.60 per share on a diluted basis in ...
Aug 9, 2005
PHOENIX -- Avnet Inc. (NYSE: AVT) announces the election of two new corporate officers, Fred J. Cuen and Steve Tepedino. Cuen currently serves as president of Avnet Technology Solutions, Americas, Partner Solutions division, and shares responsibility and accountability with Tepedino, president of Avnet Technology Solutions, America...
Aug 2, 2005
PHOENIX -- Avnet, Inc. (NYSE:AVT) has named Steve Phillips as senior vice president and chief information officer, replacing and reporting to Ed Kamins, who has moved into the role of chief operational excellence officer. Phillips came to Avnet with the July 2005 acquisition of Memec, where he had served as senior vice president and...
Jul 21, 2005
PHOENIX --Hollywood producers may not typically frequent corporate celebrations, but when Avnet Inc. (NYSE:AVT) marks its 50th anniversary as an incorporated company on Friday, July 22, Jon Avnet -- producer and director of more than 50 motion pictures and television shows -- will be there. Producer of the Tony Award-winning 'Spamalot' o...
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...
Oct 28, 2004
Phoenix, Arizona - Avnet, Inc. (NYSE:AVT) today reported results for the first quarter fiscal year 2005, which ended October 2, 2004. Revenues were $2.60 billion for the quarter, an increase of 8.0% over first quarter fiscal 2004, which included an extra week due to Avnet's fiscal calendar. Net income for first quarter fiscal 2005 was $36.3 mi...
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Avnet, Inc. (NYSE: AVT)
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