Avnet Reports Q3 2018 Results

Avnet, Inc. (NYSE:AVT) today announced results for the third quarter ended March 31, 2018. Third Quarter Fiscal 2018 Highlights Sales of $4.8 billion increased 6.1% sequentially and 8.0% year over year Excluding supplier program changes, sales grew 7.3% year over year in constant currency GAAP operating margin loss of (1.1%) Non-GAAP adjusted operating income margin…

Avnet EMEA Names New President

Avnet Inc. (NYSE: AVT), leading global distributor, announced a major leadership transition for its European organization. Slobodan Puljarevic and Mario Orlandi were named President of Avnet EMEA, succeeding Miguel Fernandez, who retired from Avnet after more than 30 years. In their new roles they will report to Phil Gallagher, President of Avnet’s global components business.…

Broadcom Blocked From Buying Qualcomm

Qualcomm Incorporated (NASDAQ: QCOM) today received a Presidential Order to immediately and permanently abandon the proposed takeover of Qualcomm by Broadcom Limited (NASDAQ: AVGO). Under the terms of the Presidential Order, all of Broadcom’s director nominees are also disqualified from standing for election as directors of Qualcomm. Qualcomm was also ordered to reconvene its 2018…

Chip One Exchange USA Inc. Achieves AS 9120B Certification

As part of its evolution toward becoming a top tier global distributor, Chip One is pleased to announce its certification under both the AS 9120B and ISO9001:2015 standards. These rigorous standards give customers the assurance that the registrant has demonstrated the ability to consistently deliver products and services which meet both customer expectations and regulatory…

Arrow on Fortune’s ‘Most Admired’ List

FORTUNE today named global technology-solutions provider Arrow Electronics, Inc. (NYSE: ARW) to its “World’s Most Admired Companies” list for the 18th time. For the fifth consecutive year, Arrow placed first in the “Wholesalers: Electronics and Office Equipment” category based on input from industry executives, directors and analysts. “It’s an honor to once again be named…