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MELVILLE, N.Y. — Arrow Electronics, Inc. (NYSE:ARW) has signed a global distribution agreement with Anaren, Inc., a leading supplier of microwave and RF technology for aerospace and defense, wireless infrastructure and consumer electronics applications.
“We’re working with Arrow on this initiative because they have tremendous experience with and an excellent reputation in supplying the broader electronics market.”
Under the agreement, Arrow customers in the Americas, Europe and Asia-Pacific regions will now have access to Anaren Integrated Radio (AIR) modules. Incorporating Texas Instruments’ low-power RF technology, these modules are used for industrial control, building automation, low-power sensor networks, lighting, and smart-grid equipment and appliances, among others.
“Anaren is a solid addition to Arrow’s linecard, enabling us to offer an RF solution focused on Texas Instruments (TI),” said Jeff Eastman, senior vice president global supplier marketing and asset management for Arrow Electronics. “We now offer a plug-and-play option for customers looking for a simple, low-cost, FCC-certified module based on TI's low-power RF radio chipsets.”
“Until now, the lion’s share of our components were targeted to manufacturers in the wireless infrastructure space, specifically companies that secure technology from distributors who specialize in RF technology,” says Mark Bowyer, the business development manager for AIR with Anaren’s Wireless Group. “We’re working with Arrow on this initiative because they have tremendous experience with and an excellent reputation in supplying the broader electronics market.”
{complink 453|Arrow Electronics Inc.}
Hi Bolaji, No doubt Freescale is looking much better than it did a couple of years ago and that Rich Beyer has done an impressive job on this turnaround since he took the CEO role. I know a couple of years ago Freescale was about $10 billion in debt and over the last 2 years the company has been about to reduce the debt by about $2Billion, which according to my calculations, they should be still in debt between $7-$8 billion. This is still a large number to deal with and although their business may be experiencing a pick up, I don’t see an IPO until the global economy recovers. I would say if they keep knocking down their debt and we see a significant enough recovery in the global economy in 2011, perhaps an IPO in 2012. I think 2011 is still too soon for a Freescale IPO.
Agreed! Infact, I agree with Mr. Beyer and if you analyze his comments recently, there has been more than a hint of skepticism over the IPO. Although, it might just work but I dont feel that the CEO would bet on it. Everytime CFO Alan Cambell has to explain the Quarterly results outside of the GAAP to project a positive image of the company, but the bottomline is that the $7 B debt is impossible to ignore.
If that's the case then the company may not have the IPO in 2012 or even by 2020. I don't see Freescale paying off the debts totally in the next five years. Companies typically roll over these debts. As long as it has the cash flow to service the debts and continues to work its way to profitability investors will be happy to have Freescale's debts rolled over. The purpose of the IPO is to help the company pay off the debts and make it a leaner and more competitive operation. I bet there are investors out there willing to take that chance.