Legacy Moves to Sioux Falls

SAN CLEMENTE, Calif. — Legacy Electronics’ chief executive officer, Jason Engle, announced today his company’s decision to establish new sales and administrative staff offices in Sioux Falls, South Dakota. In addition, the firm plans to expand its electronics manufacturing operations to Sioux Falls or a neighboring community, said Engle, who is currently in South Dakota…

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Avnet CEO Transition: No Bumps Ahead

Longtime {complink 577|Avnet Inc.} executive Rick Hamada, 53, has been named CEO of the company, effective July 4, with current Chairman and CEO Roy Vallee remaining as executive chairman. The move is part of a planned and multi-year succession process, and the industry can expect an absolutely seamless transition. (See: Rick Hamada Named Avnet CEO.)…

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TowerJazz Posts 2010 Results

MIGDAL HAEMEK, Israel — TowerJazz, the global specialty foundry leader, today announced financial results for the fourth quarter and full year ended December 31, 2010. Full Year Highlights • Record full year revenues at $509.3 million, up 70% over 2009, greater than 2X the industry’s growth and comfortably surpassing the company’s target of becoming a…

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IEEE Launches Mobile Group

BARCELONA — Mobile World Congress — The HQME Steering Committee, a newly formed group of mobile and content industry leaders that includes SanDisk Corporation (NASDAQ:SNDK), SoftBank Mobile, Sony Pictures Entertainment and Orange, today announced a proposed industry standard aimed at addressing the current and growing challenges of efficiently managing and delivering data from mobile networks…

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Rick Hamada Named Avnet CEO

PHOENIX, Ariz. — 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 the beginning of Avnet’s new fiscal year. Hamada, who currently serves as Avnet’s President and Chief Operating Officer (COO), has also…

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Distributor Award Goes to Digi-Key

THIEF RIVER FALLS, Minn. — Electronic components distributor Digi-Key Corporation, recognized by design engineers as having the industry’s broadest selection of electronic components available for immediate shipment, was honored by PUI Audio Inc. as the 2010 Distributor of the Year. This is the first year that PUI Audio has credited a distributor with this award.…

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