| Business Summary | | Avnet,
Inc.
is,
together
with
its
subsidiaries,
an
industrial
distributor
of
electronic
components
and
computer
products.
The
Company
is
a
vital
link
in
the
chain
that
connects
suppliers
of
semiconductors,
interconnect
products,
passive
and
electromechanical
devices
to
original
equipment
manufacturers
(OEMs)
and
contract
manufacturers
(CMs).
In
addition,
the
Company
distributes
a
variety
of
computer
products
and
services
to
both
the
end
user
and
the
reseller
channels.
Avnet
is
authorized
to
sell
products
of
more
than
100
component
manufacturers
to
a
global
customer
base
of
approximately
100,000
OEMs
and
CMs.
As
part
of
its
distribution
activities,
Avnet
adds
various
processes
that
customize
products
to
meet
individual
OEM
customer
specifications,
and
it
provides
material
management
and
logistic
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Avnet
is
a
distributor
of
electronic
components
andcomputer
products
to
industrial
customers
worldwide.
The
Company
also
distributes
a
variety
of
computer
products
to
both
the
end
user
and
reseller
channels.
For
the
fiscal
year
ended
6/29/01,
sales
rose
29%
to
$12.81
billion.
Net
income
from
con't
operations
totalled
$97
thousand,
down
from
$162.6
million.
Results
reflect
the
acquisitions
of
Marhall
Industries
and
Savoir
Technology
Group,
offset
by
increased
interest
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Roy Vallee, 48 Chairman
and CEO | $1.4M | $222K | Raymond Sadowski, 46 Sr.
VP, CFO, Assistant Sec. | -- | -- | David Birk, 53 Sr.
VP, Gen. Counsel, Sec. | 543K | -- | Andrew Bryant, 45 Sr.
VP | -- | -- | Steven Church, 51 Sr.
VP, Services Bus. Devel. | 1.1M | 868K | Dollar
amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|