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Corporate Facts Ticket Symbol: AVT
Sector: Technology
Founded: 1921
Went public: 1959
Fortune 500 (2006 Rank No 212)
268 locations worldwide AAI is a subsidiary of Avnet Israel, which is the Israeli branch of Avnet, Inc. - one of the largest, global B2B distributors of products by the world's leading technology manufacturers. Avnet Takes the World's Leading Technologies to Market Avnet, Inc. (NYSE: AVT) is one of the world's largest B2B distributors of semiconductors; interconnect, passive and electromechanical components; enterprise network and computer equipment, and embedded subsystems from leading manufacturers. For more than 50 years and in 70 countries, Avnet has marketed, distributed, added value to and created demand for the products of the world's leading electronic component suppliers, computer manufacturers and embedded subsystem providers. Avnet is uniquely positioned to serve the needs of the world's leading high-technology companies. The company's innovative and entrepreneurial spirit, coupled with the quality, depth, and breadth of its knowledge and relationships, assures customers and suppliers that they have chosen the right partner to help them succeed. Avnet's global scope and economies of scale, talented employees and commitment to value-based management ensure that it will continue to be a leader in the technology industry. Its 10-member board of directors includes company Chairman and CEO Roy Vallee, who joined Avnet in 1977. He held sales and management positions of increasing responsibility, among them President of the Computer Marketing operating group, before becoming board chairman and CEO in 1998. In 2006, the company was ranked number 212 on the Fortune 500. In 2005, Fortune honored Avnet as one of the Most Admired Companies in its industry. Two Operating Groups Avnet, Inc. is composed of two operating groups. For a more detailed description of Avnet's two operating groups and their respective products and solutions, please see http://www.avnet.com/. Avnet Electronics Marketing (EM) is a global distributor of electronic components such as semiconductors, interconnect, passive and electromechanical components and RF & microwave devices. Avnet Technology Solutions (ATS) is an operating group of Avnet, Inc., merging Avnet Applied Computing and Avnet Computer Marketing. Applied Computing distributes embedded computing products. Computer Marketing has both a value-added distribution unit and an IT architect unit, focusing on enterprise computing products and systems. |
