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Arrow Electronics, Inc. (NYSE:ARW) today reported first-quarter 2018 sales of $6.88 billion, an increase of 20 percent from sales of $5.74 billion in the first quarter of 2017. First-quarter net income of $139 million, or $1.56 per share on a diluted basis, compared with net income of $115 million, or $1.27 per share on a…
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…
TTI, Inc., a world leading specialist distributor of electronic components, has announced the appointment of Marc Winfield to the new position of Vice President Sales for Europe. In this new capacity, Winfield will be responsible for all of TTI’s European sales activities and will lead a team of Regional VPs and Directors as well as…
Lytica Inc. announced the appointment of Dr. Shahzad Khan as their new Chief Research Officer (CRO), effective April 2nd, 2018. Three of Dr. Khan’s colleagues have also joined Lytica as research staff. As Lytica’s CRO, Dr. Khan will be responsible for setting research direction and defining the core technologies required for Lytica’s product roadmap. In…
AspenCore, the world’s largest media group within the technical electronics sector, held the 2018 China IC Design Awards presentation ceremony and China IC Leader Summit today at Renaissance Shanghai Zhongshan Park Hotel in Shanghai, China. At the Summit, industry experts and senior executives from EDA, IP as well as IC design and manufacturing companies discussed…
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.…
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…
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 Electronics, Inc. (NYSE:ARW) today reported fourth-quarter 2017 sales of $7.63 billion, an increase of 18 percent from sales of $6.44 billion in the fourth quarter of 2016. Fourth-quarter net income of $54 million, or $0.60 per share on a diluted basis, compared with net income of $165 million, or $1.81 per share on a…
Avnet, Inc. (NYSE:AVT) today announced results for the second quarter ended December 30, 2017. Second Quarter Results Sales of $4.5 billion were at the high end of our guidance Sales increased 5.8% year over year Organic sales increased 1.9% in constant currency from the year ago quarter Diluted earnings per share (EPS) from continuing operations…