Wyle Electronics

Wyle Electronics, an Irvine-based computer parts distributor, is moving to another building at the Irvine Spectrum, the Irvine Co.'s large office and industrial center, as part of a plan to consolidate several operations. Wyle, with 70 workers, is relocating to the Corporate Business Center, a new development in the Spectrum that was begun in 1994 and will have 12 buildings when completed. The Irvine Co.

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.

German industrial firm Raab Karcher said Wednesday it has completed its acquisition of Wyle Electronics, a major semiconductor and computer parts distributor. Raab paid $50 a share for Wyle's common stock. Wyle will merge with Raab unit EBV Electronics Inc., but retains its name as well as its current headquarters in Irvine and its work force. In a separate announcement, the New York Stock Exchange said it suspended trading of Wyle stock as a result of the transaction.

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.

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.

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.

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.

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.

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.

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.

Stanley A. Wainer, former president and CEO of Wyle Electronics in Irvine, died on Friday after a long battle with cancer. He was 73. Wainer joined the company as vice president of finance in 1962 and served in a succession of management positions including executive vice president, president, CEO, chairman of the board and chairman of the executive committee. He retired from Wyle Electronics in 1997.

German industrial firm Raab Karcher said Wednesday it has completed its acquisition of Wyle Electronics, a major semiconductor and computer parts distributor. Raab paid $50 a share for Wyle's common stock. Wyle will merge with Raab unit EBV Electronics Inc., but retains its name as well as its current headquarters in Irvine and its work force. In a separate announcement, the New York Stock Exchange said it suspended trading of Wyle stock as a result of the transaction.

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.

Wyle Electronics, a major semiconductor and computer parts distributor, posted a 24% decline in net income for the second quarter while sales rose 15%. The company, which earlier this month reached an agreement to be acquired by German industrial giant Veba AG, said net income totaled $8.4 million, or 68 cents a share, down from $11.1 million, or 86 cents a share, for last year's second quarter. Sales increased to $352.4 million from $306.9 million.

Wyle Electronics Inc., a major semiconductor and computer parts distributor and one of Orange County's largest companies, on Thursday said it agreed to be acquired by the giant German industrial concern Veba for $810 million in cash. The deal was portrayed as a strategic move that would create an electronics distribution powerhouse with global reach and sales of about $3 billion annually.

Wyle Electronics Inc., a major semiconductor and computer parts distributor and one of Orange County's largest companies, said Thursday it has agreed to be acquired by the giant German industrial concern Veba AG for $810 million in cash. The deal was portrayed as a strategic move that would create an electronics distribution powerhouse with global reach and sales of about $3 billion annually.

Wyle Electronics, an Irvine electronics distributor, reported net income of $8.8 million, or 70 cents a share, for the second quarter. That compares with a year-earlier profit of $4.3 million, or 35 cents a share, which included $976,000 income from discontinued operations. Sales rose 36% to $254.9 million from $188.1 million. Profit for the first half reached $15.5 million, or $1.24, more than double the $7.1 million, or 44 cents a share, recorded for the prior-year period.

Wyle Electronics said Thursday its Wyle Ginsbury Electronics unit bought Welwyn Technologies Ltd., a semiconductor programming center in the United Kingdom. Financial terms weren't disclosed. Wyle Electronics, an electronics distributor, said the facility will be linked to its five existing U.S. Programming centers. Wyle Ginsbury operates facilities in France, Germany, U.K., Denmark, Sweden and Finland.

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.