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BUSINESS
November 21, 2000 | Bloomberg News
Avnet Inc., the No. 2 U.S. distributor of computer parts and semiconductors, said fiscal second-quarter earnings will fall short of analysts' estimates because of excess inventory in the semiconductor industry. Earnings in the quarter ending in December will probably be about 75 cents to 80 cents a share, Avnet said. Analysts on average had expected Avnet to earn 85 cents, said First Call/Thomson Financial.
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BUSINESS
June 21, 2001
* Covad Communications Group Inc. reported an operating loss of $159.9 million, or 93 cents a share for its fiscal first quarter, far better than the $1.35-a-share loss analysts expected. The struggling seller of digital subscriber lines for fast Internet access said revenue more than tripled to $71.2 million from $20.8 million. * Avnet Inc., a distributor of computer parts, said fiscal fourth-quarter sales will come in 25% to 30% lower than the $3.
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BUSINESS
June 21, 2001
* Covad Communications Group Inc. reported an operating loss of $159.9 million, or 93 cents a share for its fiscal first quarter, far better than the $1.35-a-share loss analysts expected. The struggling seller of digital subscriber lines for fast Internet access said revenue more than tripled to $71.2 million from $20.8 million. * Avnet Inc., a distributor of computer parts, said fiscal fourth-quarter sales will come in 25% to 30% lower than the $3.
BUSINESS
November 21, 2000 | Bloomberg News
Avnet Inc., the No. 2 U.S. distributor of computer parts and semiconductors, said fiscal second-quarter earnings will fall short of analysts' estimates because of excess inventory in the semiconductor industry. Earnings in the quarter ending in December will probably be about 75 cents to 80 cents a share, Avnet said. Analysts on average had expected Avnet to earn 85 cents, said First Call/Thomson Financial.
BUSINESS
January 2, 1996 | JACK SEARLES
Condor Inc., an Oxnard producer of power supplies for medical equipment and other markets, has appointed Time Electronics, a unit of Avnet Inc., as a worldwide distributor of its products. Michael Kirkowski, Condor's executive vice president of sales and marketing, said he expected the arrangement with Time to increase Condor's product availability and improve deliveries. Condo makes direct-current power supplies.
CALIFORNIA | LOCAL
March 28, 2000 | BARBARA MURPHY
Need2Buy.com in Westlake Village, a business-to-business online marketplace for buyers and sellers of electronic components, has named William C. Cacciatore as vice president of strategic alliances. Cacciatore will begin his new job April 4. Cacciatore previously was president of Avnet Inc.'s Electronic Marketing and Electrical/Engineering Division, a member of Avnet's board of directors, and executive vice president of Worldwide Operations for Hamilton/Avnet Electronics.
BUSINESS
August 19, 1999 | (Jonathan Gaw)
In the second high-level departure in as many months from Irvine-based subsidiaries of VEBA Electronics, the head of Wyle Electronics has resigned to take another position at another technology company, VEBA said Wednesday. Michael Rohleder had been named chief executive of Wyle Electronics almost immediately after the semiconductor distributor was acquired by VEBA in August, 1997.
BUSINESS
February 5, 2000 | Bloomberg News
Wyle Electronics, an Irvine electronics distributing company, has prevailed in a lawsuit alleging it engaged in unfair competition against rival Hall-Mark Electronics Corp. A Florida state court jury found that Wyle did not conspire to undermine a competitor by hiring 78 Hall-Mark employees, as alleged by Phoenix-based Avnet Inc., Hall-Mark's parent company and the second-largest U.S. distributor of electronic components and computer products.
NEWS
December 27, 1988 | KENNETH J. GARCIA, Times Staff Writer
Anthony R. Hamilton, a leading electronics industry executive who launched the nation's first semiconductor distribution company, has died at age 64. Hamilton, who died Thursday of liver cancer, had served since 1980 as chairman and chief executive officer of Avnet Inc., a New York-based electronics firm.
BUSINESS
July 16, 2002 | Bloomberg News
Avnet Inc. cut 775 jobs, a 6.5% reduction, and the second-biggest U.S. distributor of computer parts said fiscal fourth-quarter results trailed estimates as sales fell. Excluding certain costs, Avnet said in a preliminary look at results that it broke even on a per-share basis in the quarter ended June 28. The company was projected to earn 3 cents. Sales were about $100 million less than the $2.
BUSINESS
July 5, 1999 | JONATHAN GAW
Last week's $630-million acquisition of Marshall Industries by Avnet Inc. was the largest in the electronic components distribution industry and highlighted the growing emphasis on size in that business, but Laguna Hills-based NetBuy hopes to deliver customers to the smaller players in the market.
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