August 9, 1996
Wyle Electronics said it has formed a joint venture company with Marshall Industries to provide the two computer products distributors with some of the components they market. The joint venture, called Accord Contract Services, will be headquartered in Irvine near Wyle. Accord will coordinate orders from both companies to provide their customers a so-called seamless supply chain.
July 21, 1996
Wyle Electronics said Friday it has agreed to distribute National Semiconductor Corp. products through its 36 domestic sales locations. The announcement came a day after Bell Industries said it had ended its distribution agreement with National, based in Santa Clara, because Bell had agreed to sell chips made by Samsung Electronics Co., a rival of National. Wyle Electronics is an international distributor of computer products.
February 11, 1997 |
Tandberg Data in Simi Valley has announced the addition of Wyle Electronics to its roster of authorized industrial distributors. The announcement came shortly after Tandberg introduced its Multichannel Linear Recording technology, the next generation in high-capacity tape drives. Wyle Electronics is an international distributor specializing in marketing computer products and semiconductors, as well as providing value-added services. The company maintains more than 35 sales locations.
July 30, 1997
The Federal Trade Commission has cleared the acquisition of Wyle Electronics, a major semiconductor and computer parts distributor, by German industrial concern Veba AG, the companies said Tuesday. Veba, which is offering to acquire Wyle common stock for $50 a share, expects to complete the acquisition next month. Wyle, a major distributor of semiconductor and computer parts and one of Orange County's largest publicly traded companies, would become a unit of Veba's Raab Karcher subsidiary.
January 24, 1997
Wyle Electronics said Thursday that its profit set a record last year on a 9% gain in sales. The distributor of semiconductors and computer products said net income for 1996 rose 11% to $40.2 million, or $3.12 a share, from $36.2 million, or $2.86 a share, for the previous year. Sales advanced to $1.2 billion from $1.1 billion. Fourth-quarter net income totaled $9.5 million, or 74 cents a share, down 10% from the $10.6 million, or 83 cents a share, for last year's fourth quarter.
May 8, 1997 |
Wyle Electronics said it is seeking a chief executive to succeed Ralph Ozorkiewicz, who is resigning because of illness. The electronics parts distributor said it is forming a special board committee to select a successor. Ozorkiewicz, 50, who learned a few years ago that he has multiple sclerosis, experienced symptoms recently that could hurt his performance, the company said. He joined Wyle in 1985 and has been chief executive since 1995.