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<title><![CDATA[Avnet, Inc. Reports Third Quarter Fiscal Year 2013 Results]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT) today announced results for the third quarter fiscal year 2013 ended March 30, 2013.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8475/avnet_inc_reports_third_quarter_fiscal_year_2013_results.html</link>
<pubDate>Thu, 25 Apr 2013 15:05:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Reports Second Quarter Fiscal Year 2013 Results]]></title>
<description><![CDATA[Avnet, Inc. Reports Second Quarter Fiscal Year 2013 Results]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8450/avnet_inc_reports_second_quarter_fiscal_year_2013_results.html</link>
<pubDate>Thu, 24 Jan 2013 15:18:00 +0400</pubDate>
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<title><![CDATA[Avnet Technology Solutions, EMEA, Announces Executive Management Structure Following the Integration of Magirus]]></title>
<description><![CDATA[Avnet Technology Solutions, a global IT solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), has announced its EMEA executive management structure following the completion of the Magirus acquisition and resulting additional presence in Italy, Portugal, Spain and Denmark.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8415/avnet_technology_solutions_emea_announces_executive_management_structure_following_the_integration_of_magirus.html</link>
<pubDate>Mon, 29 Oct 2012 15:39:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Reports First Quarter Fiscal Year 2013 Results]]></title>
<description><![CDATA[Avnet,        Inc. (NYSE:AVT) today announced results for the first quarter fiscal        year 2013 ended September 29, 2012.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8414/avnet_inc_reports_first_quarter_fiscal_year_2013_results.html</link>
<pubDate>Fri, 26 Oct 2012 16:20:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Completes the Acquisition of Magirus Group, Expands Footprint of Strategic Technologies in the EMEA Region]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT) announced today that it has closed the  acquisition of the Magirus Group (Magirus), a leading pan-European  distributor of data center solutions and services. Magirus is a leading  value-add distributor of software, systems and related services  encompassing virtualization, storage management, cloud computing,  security, intelligent networks, open source and information life-cycle  management services. Through its professional services portfolio and  knowledge of the IT sector, Magirus enables business partners to take  new technologies to market in 11 markets throughout Europe and the  Middle East. The company generated revenue of approximately US$530  million in the 2011 calendar year.  Phil Gallagher, president of Avnet Technology Solutions, Global,  commented, "We are very excited with the addition of Magirus to our  existing resources and footprint in EMEA. We believe we have the  opportunity to create an exciting and, in some cases, unique value-added  distribution offering in the market. Their talented team and key  customer relationships will enhance our competitive position in Europe  and the Middle East. In addition, Magirus&rsquo; portfolio of services expands  our suite of solutions in high-growth market segments which helps us  satisfy the increasing customer appetite for integrated and virtualized  solutions. Magirus increased its revenue 20% in calendar 2011,  delivering powerful, flexible and cost-effective data center solutions  from a breadth of suppliers, including Cisco, VMware and EMC."]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8398/avnet_inc_completes_the_acquisition_of_magirus_group_expands_footprint_of_strategic_technologies_in_the_emea_region.html</link>
<pubDate>Mon, 01 Oct 2012 11:57:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Reports Fourth Quarter Fiscal Year 2012 Results]]></title>
<description><![CDATA[Avnet,        Inc. (NYSE:AVT) today announced results for the fourth quarter and        fiscal year ended June 30, 2012.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8380/avnet_inc_reports_fourth_quarter_fiscal_year_2012_results.html</link>
<pubDate>Thu, 09 Aug 2012 08:42:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Announces Agreement to Acquire the Magirus Group]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT) announced today that it has agreed to acquire  the Magirus Group (Magirus), a leading pan-European distributor of data  center solutions and services. Magirus is a leading value-add  distributor of software, systems and related services encompassing  virtualization, storage management, cloud computing, security,  intelligent networks and information life-cycle management services.  Through its professional services portfolio and knowledge of the IT  sector, Magirus enables business partners to take new technologies to  market in eleven markets throughout Europe and the Middle East. The  transaction, which is subject to normal regulatory approvals, is  expected to close in October 2012.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8423/avnet_inc_announces_agreement_to_acquire_the_magirus_group.html</link>
<pubDate>Mon, 02 Jul 2012 16:48:00 +0400</pubDate>
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<title><![CDATA[Avnet Reaches No. 108 on the FORTUNE 500 Largest Companies List]]></title>
<description><![CDATA[FORTUNE magazine announced today that global technology distributor Avnet, Inc. (NYSE:AVT) ranked No. 108 on the 2012 FORTUNE 500 list of largest U.S. companies. With $26.5 billion in sales in fiscal 2011, Avnet moved up 24 positions in the ranking from No. 132 on the 2011 list. In addition, Avnet was recently named No. 1 by FORTUNE on its "FORTUNE&rsquo;S Most Admired&rdquo; list in the Wholesaler: Electronics category for the fourth year in a row.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8332/avnet_reaches_no_108_on_the_fortune_500_largest_companies_list.html</link>
<pubDate>Mon, 07 May 2012 11:05:00 +0400</pubDate>
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<title><![CDATA[Avnet Technology Solutions Now Offering QLogic Networking Products throughout Middle East and Africa]]></title>
<description><![CDATA[Avnet Technology Solutions, the global IT solutions distribution leader and operating group of Avnet, Inc. (NYSE: AVT), today announced an extended distribution agreement with QLogic Corp., a global leader and technology innovator in high performance networking. Under the terms of the agreement, Avnet Technology Solutions will offer QLogic&rsquo;s broad product portfolio, including the company&lsquo;s 10Gb Ethernet, Fibre Channel, and converged networking solutions, throughout the Middle East and Africa.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8314/avnet_technology_solutions_now_offering_qlogic_networking_products_throughout_middle_east_and_africa.html</link>
<pubDate>Sun, 01 Apr 2012 10:00:00 +0400</pubDate>
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<title><![CDATA[Avnet Technology Solutions extends its Sales Toolkit To Go for Oracle Solution Providers in the Middle East region]]></title>
<description><![CDATA[Avnet Technology Solutions, the global IT solutions distribution leader and operating group of Avnet, Inc. (NYSE: AVT), today announced the availability of a new mobile-enabled "sales toolkit to go" for its Oracle hardware and software partners in the Middle East region after a successful launch in U.S. and Canada.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8307/avnet_technology_solutions_extends_its_sales_toolkit_to_go_for_oracle_solution_providers_in_the_middle_east_region.html</link>
<pubDate>Wed, 28 Mar 2012 09:13:00 +0400</pubDate>
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<title><![CDATA[Avnet Technology Solutions Expands Virtualization Offerings with VMware Distribution Agreement Across the Middle East and North Africa Region]]></title>
<description><![CDATA[Avnet Technology Solutions, the global IT solutions distribution leader and an operating group of Avnet, Inc. (NYSE:AVT), today announced that it has expanded its distribution agreement with VMware, Inc. (NYSE: VMW), the global leader in virtualization and cloud computing products, solutions and services. Avnet Technology Solutions can now offer VMware&rsquo;s complete portfolio of virtualization solutions to its value-added reseller (VAR) partners across the Middle East and North Africa region.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8299/avnet_technology_solutions_expands_virtualization_offerings_with_vmware_distribution_agreement_across_the_middle_east_and_north_africa_region.html</link>
<pubDate>Wed, 14 Mar 2012 12:00:00 +0400</pubDate>
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<title><![CDATA[Avnet Technology Solutions Helps Partners in the Middle East Accelerate Sales in the Growing Digital Signage Market]]></title>
<description><![CDATA[Avnet Technology Solutions, the global IT solutions distribution leader and operating group of Avnet, Inc. (NYSE: AVT), now offers a full range of digital signage solutions for value-added reseller (VAR) and embedded original equipment manufacturer (OEM) partners in the Middle East. As a part of its digital signage portfolio in the region, Avnet provides integrated, environmentally-friendly digital display solutions based on hardware and software from industry leaders, such as AOpen, ComQi, Matrox, Philips, PresTop and ViewSonic. Avnet helps its partners capitalize on the growing digital signage market by providing comprehensive solutions for specialized applications in vertical markets, such as aviation, entertainment, healthcare, hospitality and retail.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8292/avnet_technology_solutions_helps_partners_in_the_middle_east_accelerate_sales_in_the_growing_digital_signage_market.html</link>
<pubDate>Fri, 02 Mar 2012 13:32:00 +0400</pubDate>
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<title><![CDATA[Avnet adds value to its channel partners in Saudi Arabia]]></title>
<description><![CDATA[Avnet Technology Solutions, an IT solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), as part of its value add program held a series of special training programs in association with HP to enhance the skill sets of channel partners and update them on latest technology trends in the market.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8289/avnet_adds_value_to_its_channel_partners_in_saudi_arabia.html</link>
<pubDate>Tue, 28 Feb 2012 09:39:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Reports Second Quarter Fiscal Year 2012 Results]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT) today announced results for the second quarter fiscal year 2012 ended December 31, 2011.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8272/avnet_inc_reports_second_quarter_fiscal_year_2012_results.html</link>
<pubDate>Thu, 26 Jan 2012 14:17:00 +0400</pubDate>
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<title><![CDATA[Avnet brings “HP Networking Academy” to Iraq]]></title>
<description><![CDATA[Avnet Technology Solutions, an IT solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), will hold a special training program &ldquo;HP Networking Academy&rdquo; in association with HP Networking division. As part of Avnet&rsquo;s Value Add program the training is designed to enrich the skill set of channel partners and to update them on latest developments.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8261/avnet_brings_hp_networking_academy_to_iraq.html</link>
<pubDate>Mon, 12 Dec 2011 13:37:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Announces Corporate Officer Promotions]]></title>
<description><![CDATA[Avnet, Inc. &nbsp;(NYSE:AVT) &nbsp;today announced two corporate officer promotions.&nbsp; Steve Phillips, chief information officer, has been promoted to a corporate officer position of senior vice president for Avnet, Inc. from vice president. In addition, Graeme Watt, president of Avnet Technology Solutions EMEA, was elected as a new corporate vice president for Avnet, Inc.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8259/avnet_inc_announces_corporate_officer_promotions.html</link>
<pubDate>Mon, 05 Dec 2011 15:17:00 +0400</pubDate>
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<title><![CDATA[Avnet holds “HP 3PAR Academy” for its channel partners]]></title>
<description><![CDATA[Avnet Technology Solutions, an IT solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), recently held a special training program on HP 3PAR Storage Solutions for its channel partners in the region.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8256/avnet_holds_hp_3par_academy_for_its_channel_partners.html</link>
<pubDate>Mon, 05 Dec 2011 13:06:00 +0400</pubDate>
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<title><![CDATA[Avnet Technology Solutions says “Thank you”]]></title>
<description><![CDATA[Avnet Technology Solutions, an IT solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), recently invited several of its key channel partners, vendor partners and associates &nbsp;from across the Middle East region for a relaxed evening after Gitex Technology Week.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8242/avnet_technology_solutions_says_thank_you.html</link>
<pubDate>Wed, 02 Nov 2011 17:00:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Reports First Quarter Fiscal Year 2012 Results]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT) today  announced results for the first quarter fiscal year 2012 ended October 1,  2011.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8382/avnet_inc_reports_first_quarter_fiscal_year_2012_results.html</link>
<pubDate>Thu, 27 Oct 2011 16:34:00 +0400</pubDate>
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<title><![CDATA[Avnet Technology Solutions Appoints Henry Godwin as Regional Director for the Middle East and Africa]]></title>
<description><![CDATA[Avnet Technology Solutions, an IT solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), today named Henry Godwin as regional director for the Middle East and Africa (MEA). Godwin will be responsible for the strategic direction of Avnet Technology Solutions in the region. Godwin will report to Graeme Watt, President of Avnet Technology Solutions, EMEA.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8231/avnet_technology_solutions_appoints_henry_godwin_as_regional_director_for_the_middle_east_and_africa.html</link>
<pubDate>Mon, 19 Sep 2011 10:00:00 +0400</pubDate>
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<title><![CDATA[Avnet holds “HP Software Academy” in Saudi Arabia]]></title>
<description><![CDATA[Avnet Technology Solutions, the leading Value Added Distributor in the Middle East and Africa region recently held a special training program called &ldquo;HP Software Academy&rdquo; in association with HP to educate its Preferred Partners in Jeddah and Riyadh, Saudi Arabia.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8191/avnet_holds_hp_software_academy_in_saudi_arabia.html</link>
<pubDate>Wed, 22 Jun 2011 10:01:00 +0400</pubDate>
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<title><![CDATA[Avnet Technology Solutions Selected by HP to Provide Networking Solutions in the Middle East Region]]></title>
<description><![CDATA[Avnet Technology Solutions, a solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), today expanded its distribution agreement with HP. Under this expanded agreement, Avnet will now distribute HP&rsquo;s selected networking products in the Middle East, including Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, UAE and Yemen.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8188/avnet_technology_solutions_selected_by_hp_to_provide_networking_solutions_in_the_middle_east_region.html</link>
<pubDate>Wed, 15 Jun 2011 05:00:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Reports Third Quarter Fiscal Year 2011 Results]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT) today  announced results for the third fiscal quarter ended April 2, 2011.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8171/avnet_inc_reports_third_quarter_fiscal_year_2011_results.html</link>
<pubDate>Thu, 28 Apr 2011 09:17:00 +0400</pubDate>
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<title><![CDATA[Avnet Technology Solutions to Distribute Motorola Mobility’s Video and Broadband Solutions Across Europe, Middle East and Africa]]></title>
<description><![CDATA[Avnet Technology Solutions, a solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT) announced today it has signed an agreement with Motorola Mobility Inc. to distribute its full Home business portfolio across EMEA.&nbsp; Products include the latest HDTV Internet Protocol (IP) set-tops, video infrastructure, voice and data gateways, software and digital security solutions.&nbsp;]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8160/avnet_technology_solutions_to_distribute_motorola_mobilitys_video_and_broadband_solutions_across_europe_middle_east_and_africa.html</link>
<pubDate>Wed, 13 Apr 2011 12:11:00 +0400</pubDate>
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<title><![CDATA[Avnet Technology Solutions MEA awarded for Best Channel Growth in Middle East ]]></title>
<description><![CDATA[&nbsp;]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8154/avnet_technology_solutions_mea_awarded_for_best_channel_growth_in_middle_east.html</link>
<pubDate>Tue, 29 Mar 2011 11:50:00 +0400</pubDate>
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<title><![CDATA[Avnet Names Rick Hamada Chief Executive Officer, Effective July 4, 2011]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT), a leading global technology distributor, announced today that the Board of Directors has promoted Rick Hamada, 53, to Chief Executive Officer (CEO) effective July 4, 2011, concurrent with the beginning of Avnet's new fiscal year. Hamada, who currently serves as Avnet's President and Chief Operating Officer (COO), has also been appointed to the Company's Board of Directors, effective immediately. Roy Vallee, Avnet's current Chairman and CEO, will continue to serve as Executive Chairman. These moves are a culmination of a multi-year CEO succession planning process.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8141/avnet_names_rick_hamada_chief_executive_officer_effective_july_4_2011.html</link>
<pubDate>Mon, 14 Feb 2011 19:39:00 +0400</pubDate>
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<title><![CDATA[Avnet takes “HP Storage Academy” to Africa]]></title>
<description><![CDATA[Avnet&nbsp;Technology Solutions MEA &nbsp;takes its &ldquo;Storage Academy&rdquo; in association with HP to Southern Africa after it received the overwhelming response from its partners in the Middle East Region. In the first step Avnet invites partners from Zambia, Zimbabwe, Botswana, Mozambique and Swaziland. Similar Academies in the western, eastern and northern African Region are planned throughout 2011.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8128/avnet_takes_hp_storage_academy_to_africa.html</link>
<pubDate>Tue, 08 Feb 2011 10:57:00 +0400</pubDate>
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<title><![CDATA[Avnet MEA invites Saudi Partners for ISS Academy in Jeddah]]></title>
<description><![CDATA[Avnet Technology Solutions, the leading Value added Distributor in the Middle East and Africa region recently held a special training program called &ldquo;ISS Academy&rdquo; in association with HP and Microsoft to educate its Preferred Partners, System Integrators and ISV&rsquo;s on&nbsp; the latest news and updates from HP ISS world.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8127/avnet_mea_invites_saudi_partners_for_iss_academy_in_jeddah.html</link>
<pubDate>Tue, 08 Feb 2011 10:26:00 +0400</pubDate>
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<title><![CDATA[Avnet Technology Solutions Expands Distribution Agreement with Enterasys Networks to Include the Middle East]]></title>
<description><![CDATA[Avnet Technology Solutions, the solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), has expanded its relationship with Enterasys Networks. The company can now distribute Enterasys Networks&rsquo; full portfolio of award-winning wired and wireless network infrastructure products and security solutions throughout the Middle  East. Enterasys Networks is the Network Infrastructure and Security division of Siemens Enterprise Communications Group, a premier global provider of data, security, voice and unified communications solutions. Avnet Technology Solutions also distributes Enterasys solutions in Germany, Austria, Switzerland and Australia.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8126/avnet_technology_solutions_expands_distribution_agreement_with_enterasys_networks_to_include_the_middle_east.html</link>
<pubDate>Sun, 06 Feb 2011 16:12:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Reports Second Quarter Fiscal Year 2011 Results]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT) today announced results for the second quarter fiscal year 2011 ended January 1, 2011.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8142/avnet_inc_reports_second_quarter_fiscal_year_2011_results.html</link>
<pubDate>Thu, 27 Jan 2011 11:00:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Celebrates 50 Years on the NYSE]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT), a leading global technology distributor, will commemorate its 50th anniversary as a public company on the New York Stock Exchange (NYSE) by ringing the Closing Bell on Wednesday, December 15, 2010.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8094/avnet_inc_celebrates_50_years_on_the_nyse.html</link>
<pubDate>Wed, 15 Dec 2010 18:37:00 +0400</pubDate>
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<title><![CDATA[HP Data Protector Training in Riyadh, Saudi Arabia]]></title>
<description><![CDATA[Avnet MEA&nbsp;invited a group of selected Business Partners to a two day Training on HP Data Protector in Riyadh. The Training combined both&nbsp;practical training in a remote-lab-environment and product information that aimed to support the Sales and Presales skills of the participants.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8092/hp_data_protector_training_in_riyadh_saudi_arabia.html</link>
<pubDate>Mon, 13 Dec 2010 13:30:00 +0400</pubDate>
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<title><![CDATA[An evening to remember]]></title>
<description><![CDATA[Avnet recently celebrated its success in the region with an informal evening coinciding with Gitex this year at the Exclusive Armani Club at Armani Hotel, located in the heart of the World&rsquo;s tallest building Burj Khalifa in Dubai.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8080/an_evening_to_remember.html</link>
<pubDate>Mon, 29 Nov 2010 18:04:00 +0400</pubDate>
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<title><![CDATA[Avnet rolls out “HP Storage Academy” in the region]]></title>
<description><![CDATA[Avnet Technology Solutions, the leading Value added Distributor in the region recently launched a special training program coined as &ldquo;Storage Academy&rdquo; in association with HP to educate its channel partners the importance of designing efficient storage solutions and enhancing their skill-sets.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8079/avnet_rolls_out_hp_storage_academy_in_the_region.html</link>
<pubDate>Mon, 29 Nov 2010 17:25:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. to Ring “Closing Bell” Marking 50 Years on the NYSE]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT), a leading global technology distributor, will commemorate its 50th anniversary as a public company on the New York Stock Exchange (NYSE) by ringing the Closing Bell on Wednesday, December 15, 2010. As part of its celebration, Avnet is counting down 50 days of interesting facts until the bell ringing and sharing them via Twitter and Facebook.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8060/avnet_inc_to_ring_closing_bell_marking_50_years_on_the_nyse.html</link>
<pubDate>Mon, 01 Nov 2010 17:07:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. reports first quarter fiscal year 2011 results: record sales; EPS more than doubles]]></title>
<description><![CDATA[During the first quarter of fiscal year 2011, Avnet Inc. achieved its first $6 billion quarter and more than doubled earnings per share year over year. The company leveraged its scale and scope, along with a beneficial market, to grow 26.4% year over year organically, with return on capital employed (ROCE) at more than 14.8%. Avnet&rsquo;s earnings increased by 111.4% to a record $0.93 adjusted diluted earnings per share in the first quarter of fiscal year 2011, compared to the same quarter in fiscal 2010.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8055/avnet_inc_reports_first_quarter_fiscal_year_2011_results_record_sales_eps_more_than_doubles.html</link>
<pubDate>Thu, 28 Oct 2010 10:09:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Recognized Among the Top 250 Technology Innovators for the Seventh Consecutive Year in the 2010 InformationWeek 500]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT), a leading global technology distributor, today announced that it was selected for this year&rsquo;s prestigious InformationWeek 500, an annual listing of the most innovative users of business technology. Ranking 203 overall on the 2010 list, this marks the seventh consecutive year that Avnet has been honored as one of the top 250 information technology (IT) users. InformationWeek recognized Avnet based on the redesign of its warehouse management processes and systems in Europe, the Middle East and Africa (EMEA) for the Avnet Technology Solutions operating group. Avnet&rsquo;s warehouse management project is estimated to result in a total five-year cost savings of $5.6 million USD.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8026/avnet_inc_recognized_among_the_top_250_technology_innovators_for_the_seventh_consecutive_year_in_the_2010_informationweek_500.html</link>
<pubDate>Fri, 17 Sep 2010 15:56:00 +0400</pubDate>
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<title><![CDATA[Avnet Inc. reports record quarterly revenue, EPS and returns]]></title>
<description><![CDATA[Avnet,  Inc. (NYSE:AVT) today announced results for the fourth quarter and fiscal  year 2010 ended July 3, 2010.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8015/avnet_inc_reports_record_quarterly_revenue_eps_and_returns.html</link>
<pubDate>Wed, 11 Aug 2010 09:14:00 +0400</pubDate>
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<title><![CDATA[Avnet Technology Solutions and Clickfree Sign Pan-European Distribution Agreement]]></title>
<description><![CDATA[Avnet Technology Solutions, the solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), announced today that it has entered into a pan-European distribution agreement with Clickfree. The agreement enables Avnet to distribute Clickfree&rsquo;s line of storage backup products, which includes both hard drive-based and DVD-based solutions, to its extensive group of channel partners.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8004/avnet_technology_solutions_and_clickfree_sign_paneuropean_distribution_agreement.html</link>
<pubDate>Thu, 29 Jul 2010 09:38:00 +0400</pubDate>
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<title><![CDATA[Avnet Extends Foxconn Distribution Agreement to Middle East and Northern Africa]]></title>
<description><![CDATA[Avnet Technology Solutions, the solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), already a pan-European distributor has now extended its agreement with Foxconn. The agreement enables Avnet to distribute Foxconn&rsquo;s AMD based motherboards to its extensive group of channel partners, including system developers and original equipment manufacturers (OEMs) throughout the Middles East and Northern Africa.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/8000/avnet_extends_foxconn_distribution_agreement_to_middle_east_and_northern_africa.html</link>
<pubDate>Mon, 19 Jul 2010 18:16:00 +0400</pubDate>
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<title><![CDATA[Graeme Watt Named President of Avnet Technology Solutions, EMEA]]></title>
<description><![CDATA[Following the completion of Avnet&rsquo;s acquisition of Bell Microproducts Inc. (Bell Micro), Avnet Technology Solutions, the IT solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), today named Graeme Watt to the role of president for its Avnet Technology Solutions business in Europe, the Middle East and Africa (EMEA). Effective immediately, Watt will be responsible for the strategic direction and profitable growth of Avnet&rsquo;s value-added IT solutions distribution business throughout the region. Watt will report to Phil Gallagher, president, Avnet Technology Solutions, Global. Previously, he served as president of Worldwide Distribution for Bell Micro.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/7986/graeme_watt_named_president_of_avnet_technology_solutions_emea.html</link>
<pubDate>Wed, 07 Jul 2010 08:55:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Completes the Acquisition of Bell Microproducts Inc.]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT) announced today that it has completed its acquisition of Bell Microproducts Inc. (&ldquo;Bell Micro&rdquo;) in an all cash merger for $7.00 per share, which equates to an equity value of approximately $252 million and a transaction value of approximately $631 million assuming a net debt position for Bell Micro of $379 million at face value as of March 31, 2010. &nbsp;The acquisition was approved by Bell Micro shareholders representing over 98% of the votes cast and has received all required regulatory approvals. The transaction is expected to be immediately accretive to earnings excluding integration and transaction costs.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/7982/avnet_inc_completes_the_acquisition_of_bell_microproducts_inc.html</link>
<pubDate>Tue, 06 Jul 2010 19:55:00 +0400</pubDate>
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<title><![CDATA[Avnet Technology Solutions Wins Intel EU+ Expansion Growth Award]]></title>
<description><![CDATA[Avnet Technology Solutions, the solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), was awarded the Intel EU+ Expansion Growth Award by Intel Corporation (NASDAQ: INTC&lrm;) at the recent Intel Distributor Enabling Conference in Barcelona,  Spain. Avnet was recognized amongst more than 40 EMEA distributors for excelling and maximizing growth opportunities in 2009. The award was presented to Francesco Capizzi, European Intel product manager, Computer Components, Avnet Technology Solutions, EMEA.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/7925/avnet_technology_solutions_wins_intel_eu_expansion_growth_award.html</link>
<pubDate>Thu, 22 Apr 2010 10:04:00 +0400</pubDate>
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<title><![CDATA[Avnet Rises to No. 142 on 2010 FORTUNE 500 List]]></title>
<description><![CDATA[FORTUNE announced Thursday that Avnet, Inc. (NYSE:AVT) has been ranked No. 142 on the 2010 FORTUNE 500 list.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/7923/avnet_rises_to_no_142_on_2010_fortune_500_list.html</link>
<pubDate>Fri, 16 Apr 2010 13:47:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Announces Agreement to Acquire Bell Microproducts Inc.]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT) ("Avnet") announced today that it has entered into a definitive agreement to acquire Bell Microproducts Inc. ("Bell") in an all cash merger for $7.00 per share, which equates to an equity value of approximately $252 million and a transaction value of approximately $594 million assuming a net debt position for Bell of $342 million at face value as of December 31, 2009. The acquisition has been approved by the Boards of Directors of both companies and is subject to the approval of Bell's shareholders as well as customary regulatory approvals. The transaction is expected to close in 60 to 120 days, deliver at least 12.5% ROCE post integration and should be immediately accretive to earnings excluding integration and transaction costs.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/7900/avnet_inc_announces_agreement_to_acquire_bell_microproducts_inc.html</link>
<pubDate>Mon, 29 Mar 2010 11:33:00 +0400</pubDate>
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<title><![CDATA[Avnet Signs Pan-European Distribution Agreement with LSI Corporation]]></title>
<description><![CDATA[Avnet Technology Solutions, the solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), announced today that it has entered into a pan-European agreement with LSI&trade; Corporation, a leading provider of silicon, systems and software technologies for the storage and networking markets.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/7882/avnet_signs_paneuropean_distribution_agreement_with_lsi_corporation.html</link>
<pubDate>Mon, 08 Mar 2010 16:26:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Reports Second Quarter Fiscal Year 2010 Results]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT) today reported revenue of $4.83 billion for the second quarter fiscal 2010 ended January 2, 2010, representing an        increase of 13.2% over the second quarter fiscal 2009 and 10.0% excluding the impact of changes in foreign currency exchange rates. On a pro forma (organic) basis, as defined in the Non-GAAP Financial Information Section, revenue was up 9.6% over the prior year second quarter. Net income for second quarter fiscal 2010 was $103.9 million, or $0.68 per share on a diluted basis, as compared with a net loss of $1.205 billion, or $7.99 per share, for the second quarter last year. The prior-year quarter results included a non-cash goodwill and other        intangible asset impairment charge of $1.349 billion pre-tax and $1.315        billion after-tax. Excluding the non-cash impairment charge and certain        items in both periods as described in the Non-GAAP Financial Information        Section, net income for the current year second quarter was $100.5 million, or $0.66 per share on a diluted basis, as compared with prior        year net income of $95.0 million, or $0.63 per share.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/7581/avnet_inc_reports_second_quarter_fiscal_year_2010_results.html</link>
<pubDate>Thu, 28 Jan 2010 14:10:00 +0400</pubDate>
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<title><![CDATA[Avnet Signs Pan-European Distribution Agreement with Foxconn]]></title>
<description><![CDATA[Avnet Technology Solutions, the solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), announced today that it has entered into a pan-European agreement with Foxconn. The agreement enables Avnet to distribute Foxconn&rsquo;s AMD- and Intel-based motherboards and Barebone chassis components to its extensive group of channel partners, including system developers and original equipment manufacturers (OEMs) throughout Europe. The new relationship expands Avnet&rsquo;s ability to provide its partners with components instrumental in developing desktop gaming solutions and small form factor computing devices, such as nettops, for enterprise applications.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/7421/avnet_signs_paneuropean_distribution_agreement_with_foxconn.html</link>
<pubDate>Mon, 07 Dec 2009 10:21:00 +0400</pubDate>
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<title><![CDATA[Avnet Brings Together Industry Leaders to Create  “One Vision” for Growth]]></title>
<description><![CDATA[Avnet Technology Solutions, the solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), held its annual Computer Components European sales conference the 15th to 18th October 2009 in Malta. Attended by more than 150 Avnet Business Partners, the conference was themed &ldquo;One Vision,&rdquo; which underlines Avnet&rsquo;s solutions-driven approach to technology sales and marketing. The event provided attendees with an in-depth look into the business strategies and industry trends they need to create opportunities for accelerated success throughout the region.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/7211/avnet_brings_together_industry_leaders_to_create_one_vision_for_growth.html</link>
<pubDate>Mon, 09 Nov 2009 14:36:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Reports First Quarter Fiscal Year 2010 Results]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT) today reported revenue of $4.36 billion for the first  quarter fiscal 2010 ended October 3, 2009, representing a decrease of 3.1% over  the first quarter fiscal 2009 and a 0.6% decrease excluding the impact of  changes in foreign currency exchange rates. On a pro forma (organic) basis, as  defined in the Non-GAAP Financial Information Section, revenue declined 6.5%  over the prior year first quarter. Net income for the first quarter fiscal 2010  was $50.9 million, or $0.33 per share on a diluted basis, as compared with net  income of $90.3 million, or $0.59 per share on a diluted basis, for the first  quarter last year. Included in the current and prior year quarters are  restructuring, integration and other items amounting to $16.3 million after-tax,  or $0.11 per share on a diluted basis, and $11.4 million after-tax, or $0.08 per  share on a diluted basis, respectively. Details on these items are more fully  described in the Non-GAAP Financial Information section of this release.  Excluding these items in both periods, net income for the current year first  quarter was $67.2 million, or $0.44 per share on a diluted basis, as compared  with $101.7 million, or $0.67 per share on a diluted basis, in the prior year  period. Due to the Company's 52/53-week fiscal calendar, the results for the  first quarter of fiscal year 2010 included a fourteenth week as compared with  the typical thirteen weeks.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/7121/avnet_inc_reports_first_quarter_fiscal_year_2010_results.html</link>
<pubDate>Thu, 29 Oct 2009 09:17:00 +0400</pubDate>
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<title><![CDATA[Avnet Recognized as AMD’s Global Distributor of the Year]]></title>
<description><![CDATA[Avnet Technology Solutions, the solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), announced today that it was named AMD&rsquo;s (NYSE:AMD) top-performing global distributor during the recent AMD Executive Forum 2009, held in Austin, Texas. AMD selected Avnet for this honor based on its ability to expand AMD&rsquo;s market presence and revenues globally. AMD also awarded Avnet three regional distinctions, naming Avnet as distributor of the year in ANZ, EMEA and North America.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/7001/avnet_recognized_as_amds_global_distributor_of_the_year.html</link>
<pubDate>Tue, 27 Oct 2009 18:00:00 +0400</pubDate>
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<title><![CDATA[Avnet Technology Solutions Receives TANDBERG’s Channel Development Partner of the Year Award]]></title>
<description><![CDATA[Avnet Technology Solutions, the solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), announced today that they have been recognized as the Channel Development Partner of the Year for EMEA by TANDBERG, the leading global provider of video conferencing and telepresence solutions. Avnet received the award on the 11th October at the TANDBERG EMEA Partner Summit in Lisbon, Portugal.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/7111/avnet_technology_solutions_receives_tandbergs_channel_development_partner_of_the_year_award.html</link>
<pubDate>Mon, 26 Oct 2009 16:19:00 +0400</pubDate>
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<title><![CDATA[Distributor Scan: Slow and steady]]></title>
<description><![CDATA[Focusing on value business, Avnet Technology Solutions intends to create a strong brand presence in the region. But it is moving ahead with a very measured go to market strategy, with HP and IBM, two of the vendors it works closely globally.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/6931/distributor_scan_slow_and_steady.html</link>
<pubDate>Thu, 08 Oct 2009 07:24:00 +0400</pubDate>
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<title><![CDATA[Avnet continues to invest in the Middle East]]></title>
<description><![CDATA[Avnet Technology Solutions EMEA, a value-added distributor of enterprise computing products and an operating group of Avnet, Inc. (NYSE:AVT), announces the appointment of Tarek Massoud as Regional HP Sales Director, effective on the 1st of August. &nbsp;&nbsp;]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/6561/avnet_continues_to_invest_in_the_middle_east.html</link>
<pubDate>Tue, 15 Sep 2009 10:00:00 +0400</pubDate>
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<title><![CDATA[Avnet Technology Solutions Expands capabilities in EMEA and Adds Two New Solution Practices]]></title>
<description><![CDATA[Avnet Technology Solutions, a value-added distributor of enterprise computing solutions and an operating group of Avnet, Inc. (NYSE:AVT), today announced the expansion of its EMEA business and has appointed Wayne Gratton as director of Unified Communications&nbsp;EMEA&nbsp;and Mickey Bharat as director&nbsp;of Independent Software&nbsp;EMEA. These promotions will strengthen Avnet Technology Solutions' focus on two high-growth technology market segments - unified communications and independent software solutions.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/6551/avnet_technology_solutions_expands_capabilities_in_emea_and_adds_two_new_solution_practices.html</link>
<pubDate>Mon, 14 Sep 2009 11:35:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Reports Fourth Quarter and Fiscal Year 2009 Results]]></title>
<description><![CDATA[(BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today reported revenue of $3.77 billion for the        fourth quarter fiscal 2009 ended June 27, 2009, representing a decrease        of 19.5% over the fourth quarter fiscal 2008 and 14.7% excluding the        impact of changes in foreign currency exchange rates. On a pro forma        (organic) basis, as defined in the Non-GAAP Financial Information        Section, revenue declined 24.7% over the prior year fourth quarter. Net        loss for the fourth quarter fiscal 2009 was $30.9 million, or $0.20 per        share, as compared with net income of $144.1 million, or $0.95 per share        on a diluted basis, for the fourth quarter last year. Included in the        current quarter are impairment charges and restructuring, integration        and other items amounting to $78.9 million after-tax, or $0.52 per        share. Included in the prior year quarter is income of $15.9 million, or        $0.10 per share on a diluted basis, related to the gain on the sale of        Calence LLC, partially offset by restructuring, integration and other        charges. Details on these items are more fully described in the Non-cash        Impairment Charges section and the Non-GAAP Financial Information        section of this release. Excluding these items in both periods, net        income for the current year fourth quarter was $48.0 million, or $0.32        per share, as compared with $128.2 million, or $0.85 per share on a        diluted basis, in the prior year period.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/6361/avnet_inc_reports_fourth_quarter_and_fiscal_year_2009_results.html</link>
<pubDate>Wed, 05 Aug 2009 15:07:00 +0400</pubDate>
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<title><![CDATA[Avnet names Jamal Qaffaf General Manager Middle East]]></title>
<description><![CDATA[Avnet Technology Solutions EMEA, a value-added distributor of enterprise computing products and an operating group of Avnet, Inc. (NYSE:AVT), announces the appointment of Jamal Qaffaf as General Manager Middle East, effective on the 1st of July.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/6271/avnet_names_jamal_qaffaf_general_manager_middle_east.html</link>
<pubDate>Mon, 29 Jun 2009 10:58:00 +0400</pubDate>
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<title><![CDATA[Avnet Rises to No. 144 on Fortune 500]]></title>
<description><![CDATA[Avnet, Inc., (NYSE: AVT) a global technology marketing, distribution and services company, climbed to No. 144 on the annual Fortune 500 list of America's largest corporations and has also been named to Fortune&rsquo;s top 20 most profitable tech companies .]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/5911/avnet_rises_to_no_144_on_fortune_500.html</link>
<pubDate>Mon, 04 May 2009 14:45:00 +0400</pubDate>
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<item>
<title><![CDATA[Avnet, Inc. Reports Third Quarter Fiscal Year 2009 Results]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT) today reported revenue of $3.70 billion for the third quarter fiscal 2009 ended March 28, 2009, representing a decrease of 16.3% over the third quarter fiscal 2008 and 10.5% excluding the impact of changes in foreign currency exchange rates. On a pro forma (organic) basis, as defined in the Non-GAAP Financial Information Section, revenue was down 22.3% over the prior year third quarter. Net income for the third quarter fiscal 2009 was $18.0 million, or $0.12 per share on a diluted basis, as compared with net income of $107.2 million, or $0.71 per share on a diluted basis, for the third quarter last year. Included in the current quarter and year-ago quarter are restructuring, integration and other items amounting to $0.18 and $0.05 per share on a diluted basis, respectively, as more fully described in the Non-GAAP Financial Information section of this release. Excluding these charges in both periods, net income for the current year third quarter was $44.8 million, or $0.30 per share on a diluted basis, as compared with the prior year quarter's net income of $114.8 million, or $0.76 per share on a diluted basis.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/5851/avnet_inc_reports_third_quarter_fiscal_year_2009_results.html</link>
<pubDate>Thu, 23 Apr 2009 09:18:00 +0400</pubDate>
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<title><![CDATA[Avnet Completes Joint Venture in Turkey]]></title>
<description><![CDATA[Avnet, Inc. (NYSE: AVT) announced today that it has completed its joint venture with Sanko Holding Group in Turkey. The joint venture, Avnet Technology Solutions Sanayi ve Ticaret A.S., will now be part of the operations of Avnet Technology Solutions Europe, Middle East and Africa (EMEA).]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/5381/avnet_completes_joint_venture_in_turkey.html</link>
<pubDate>Mon, 23 Feb 2009 15:02:00 +0400</pubDate>
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<title><![CDATA[Dot Hill Systems Corp. a market leader in providing flexible storage offerings extends partnership with Avnet]]></title>
<description><![CDATA[Dot Hill Systems Corp. (NASDAQ: HILL)&nbsp; a market leader in providing flexible storage offerings and responsive service to OEMs and system integrators, today announced it has extended its European partnership agreement with Avnet Technology Solutions, a leading distributor of enterprise computing products, software and services.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/5191/dot_hill_systems_corp_a_market_leader_in_providing_flexible_storage_offerings_extends_partnership_with_avnet.html</link>
<pubDate>Fri, 30 Jan 2009 13:59:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Reports Second Quarter Fiscal Year 2009 Results]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT)&nbsp;today reported revenue of $4.27 billion for second quarter fiscal 2009 ended December 27, 2008, representing a decrease of 10.2% over second quarter fiscal 2008 and 6.4% excluding the impact of changes in foreign currency exchange rates. On a pro forma (organic) basis, as defined in the Non-GAAP Financial Information Section, revenue was down 14.9% over the prior year second quarter. Net income for second quarter fiscal 2009 was $112.3 million, or $0.75 per share on a diluted basis, as compared with net income of $142.2 million, or $0.93 per share on a diluted basis, for the second quarter last year. Excluding certain items in both periods as noted below, net income for the current year second quarter was $95.0 million, or $0.63 per share on a diluted basis, as compared with prior year net income of $135.9 million, or $0.89 per share on a diluted basis.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/5051/avnet_inc_reports_second_quarter_fiscal_year_2009_results.html</link>
<pubDate>Thu, 22 Jan 2009 08:39:00 +0400</pubDate>
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<title><![CDATA[Avnet Enters IT Distribution Business in Turkey through Joint Venture ]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT) announced today that it has entered into a joint venture agreement with Sanko Holding Group in Turkey. Under the terms of the agreement, Avnet will acquire a 50.01 percent interest of the joint venture, which will include the operations of Akora Technology and Industry Corporation (Akora), a Sanko affiliate company, making the joint venture one of the largest IT distributors in Turkey. Founded in 2001, Akora distributes servers, storage, workstations and computer components to approximately 3,000 resellers throughout Turkey. The transaction, which is subject to government approval, is expected to close in the next few weeks. The joint venture, Avnet Technology Solutions Sanayi ve Ticaret A.S., will become part of the operations of Avnet Technology Solutions Europe, Middle East and Africa (EMEA).]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/4891/avnet_enters_it_distribution_business_in_turkey_through_joint_venture.html</link>
<pubDate>Fri, 19 Dec 2008 16:19:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Reports First Quarter Fiscal Year 2009 Results]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT) reported revenue of $4.49 billion for first quarter fiscal 2009 ended September 27, 2008, representing an increase of 9.7% over first quarter fiscal 2008 and 7.0% excluding the impact of changes in foreign currency exchange rates. Pro forma (organic) revenue growth, as defined in the Non-GAAP Financial Information Section, was up 0.9% over the prior year first quarter. Net income for first quarter fiscal 2009 was $92.8 million, or $0.61 per share on a diluted basis, as compared with net income of $105.5 million, or $0.69 per share, for the first quarter last year. Excluding certain items in the current period as noted below, net income in the current year first quarter was $101.7 million, or $0.67 per share on a diluted basis.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/4551/avnet_inc_reports_first_quarter_fiscal_year_2009_results.html</link>
<pubDate>Thu, 23 Oct 2008 14:59:00 +0400</pubDate>
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<title><![CDATA[Avnet  Expanding Central European Logistics and Integration Center in Tongeren]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT), a global technology distribution and services company, has broken ground on a 10.000 m2 expansion of its Tongeren, Belgium, central distribution center, which houses both a pan-European distribution and logistics operation and an integration center, primarily serving Avnet Technology Solutions EMEA customers. The total area will be 34.000 m2, doubling the size of its current integration services area.&nbsp;The facility houses Avnet&rsquo;s fully automated, centralized European logistics and integration services center, which is ISO 9001 certified for quality standards and ISO14001 certified for meeting environmental management standards. A wide range of high value-added integration and logistic services for Avnet&rsquo;s business partners are delivered from the Tongeren facility. In 2007, more than eight million enterprise servers, storage devices, thin clients, wireless mobility devices and other information technology equipment components were shipped through the center.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/3711/avnet_expanding_central_european_logistics_and_integration_center_in_tongeren.html</link>
<pubDate>Mon, 28 Apr 2008 09:35:00 +0400</pubDate>
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<title><![CDATA[Avnet Announces Cash Offer to Acquire HORIZON TECHNOLOGY GROUP PLC]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT) announced on Friday that through its wholly-owned subsidiary, Avnet (Holdings) Limited, the Company plans to acquire Horizon Technology Group PLC in an all cash offer for &euro;1.18 per share, which equates to an equity value of approximately &euro;98.5 million ($156.1 million) and a transaction value of &euro;94.4 million ($149.6 million) assuming a net cash position for Horizon of &euro;4.1M as of December 31, 2007. Horizon is a leading technical integrator and distributor of information technology products in the UK and Ireland. The transaction, which is subject to, among other things, the completion of a tender offer under the Irish Takeover Rules and EU merger control clearance, is expected to close by the end of June 2008.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/3731/avnet_announces_cash_offer_to_acquire_horizon_technology_group_plc.html</link>
<pubDate>Mon, 21 Apr 2008 10:22:00 +0400</pubDate>
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<title><![CDATA[Avnet Technology Solutions appoints Miriam Murphy as IBM Business Group Leader for EMEA region]]></title>
<description><![CDATA[Avnet Technology Solutions, an operating group of global technology distributor Avnet, Inc. (NYSE: AVT), today announced the appointment of Miriam Murphy as leader for the IBM Product Business Group in EMEA. In this role Murphy will be responsible for the strategic direction and growth of Avnet&rsquo;s IBM business in Europe, the Middle East and Africa.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/3491/avnet_technology_solutions_appoints_miriam_murphy_as_ibm_business_group_leader_for_emea_region.html</link>
<pubDate>Thu, 21 Feb 2008 11:00:00 +0400</pubDate>
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<title><![CDATA[Avnet Inc.: Reports Second Quarter Fiscal Year 2008 Results Sales, EPS and ROCE Set Second Quarter Records]]></title>
<description><![CDATA[Avnet, Inc. (NYSE:AVT) today reported revenue of $4.75 billion for second quarter fiscal 2008 ended December 29, 2007, representing an increase of 22.2% over second quarter fiscal 2007. Pro forma revenue growth, as defined in the Non-GAAP Financial Information Section, was 6.3% over the prior year second quarter. Net income for second quarter fiscal 2008 was $142.2 million, or $0.93 per share on a diluted basis, as compared with net income of $99.1 million, or $0.67 per share, for the second quarter last year. Included in the current quarter results are a one-time gain on the sale of a building and an additional gain from a prior sale of a business resulting from the receipt of a contingent payment.  Excluding these items, net income and diluted earnings per share were $135.9 million and $0.89, respectively, representing an increase of 37.1% and 32.8% over the year ago period. Included in these results is stock compensation expense of $0.02 per diluted share in the current and prior year quarters.   Operating income for second quarter fiscal 2008 was a record $207.9 million, up 26.9% as compared with operating income of $163.8 million in the year ago quarter. Operating income as a percent of sales was 4.4%, up 16 basis points from last year's second quarter.   Roy Vallee, Chairman and Chief Executive Officer, commented, "Our results continue to demonstrate the positive impact that our value-based management strategy, augmented by value-creating acquisitions, is having on our business. While sequential sales growth reflected normal seasonal trends, our year-over-year growth of 22% was bolstered by seven value-creating acquisitions that span both operating groups and all three regions. In addition to the top line growth, we increased year-over-year operating income 27% and, excluding the gain on the sale of assets, increased EPS 33% while driving return on capital employed to a record 12.8%."   Operating Group Results Electronics Marketing (EM) sales of $2.48 billion in the second quarter fiscal 2008 were up 6.2% year over year on a reported basis and up 2.4% when adjusted to exclude the impact of changes in foreign currency exchange rates. EM sales in the Americas, EMEA and Asia regions increased 3.7%, 7.2% and 8.5%, respectively, year over year. EM operating income of $126.6 million for second quarter fiscal 2008 was up 6.4% over the prior year second quarter operating income of $119.1 million and operating income margin of 5.1% was flat as compared with the prior year quarter.   Mr. Vallee added, "Electronics Marketing's revenue growth was above our expectations and represents the third consecutive quarter of moderate acceleration in year-over-year growth. The Americas region grew sequentially and returned to positive year-over-year growth following four quarters of negative growth. EM had another strong performance in its interconnect, passive and electromechanical (IP&amp;E) product line which grew revenue at a double digit rate over the year ago quarter. Since the beginning of the fiscal year, we closed three IP&amp;E international acquisitions, which should increase EM's global revenue for its IP&amp;E business to roughly 15% of total revenue exiting this fiscal year, as compared with 10% just a year ago.   Technology Solutions (TS) sales of $2.27 billion in the second quarter fiscal 2008 were up 46.0% year over year on a reported basis and up 6.9% on a pro forma basis, as defined in the Non-GAAP Financial Information section. On a pro forma basis, second quarter fiscal 2008 sales in the Americas, EMEA and Asia were up 6.6%, 1.9%, and 45.6%, respectively, year over year. TS operating income was $99.4 million in the second quarter fiscal 2008, a 55.3% increase as compared with second quarter fiscal 2007 operating income of $64.0 million, and operating income margin of 4.4% increased by 26 basis points over the prior year second quarter benefited by the change to net revenue accounting on the sales of supplier service contracts.   Mr. Vallee further added, "Technology Solutions revenue was above the high end of our guidance range as we delivered a strong December quarter aided by better than expected sales in the final week. Despite the well publicized concerns with the U.S. economy, our Americas region experienced better than normal sequential growth in our seasonally strong December quarter and year-over-year pro forma growth of 6.6%. We also achieved strong sequential growth in the EMEA and Asia regions. With solid revenue growth, both organically and through our value-creating acquisitions, TS delivered record operating income for the quarter."   Cash Flow During the second quarter of fiscal 2008, the Company generated $83.8 million of cash flow from operations and on a rolling four quarter basis generated $553.6 million. As a result, the Company ended the quarter with $417.1 million of cash and cash equivalents and net debt (total debt less cash and cash equivalents) of $863.0 million.   Ray Sadowski, Chief Financial Officer, stated, "We had a solid quarter of cash flow generation which further strengthened our credit statistics and our overall balance sheet. We achieved record levels of working capital velocity due to business mix and EM's year-over-year improvement in inventory turns and net days. This improvement in velocity, combined with the year-over-year growth in operating income margin, drove return on working capital 336 basis points above last year's second quarter."&nbsp;  Outlook For Avnet's third quarter fiscal 2008, management expects normal seasonality at both operating groups with sales at EM anticipated to be in the range of $2.64 billion to $2.74 billion and sales for TS to be between $1.73 billion and $1.83 billion. Therefore, Avnet's consolidated sales are forecasted to be between $4.37 billion and $4.57 billion for the third quarter of fiscal 2008. Management expects third quarter earnings to be in the range of $0.85 to $0.89 per share, up 16.4% - 21.9% as compared with last year's third quarter. The above EPS guidance does not include the amortization of intangible assets or integration charges related to acquisitions that have closed or will close in the March quarter.&nbsp;  Forward Looking Statements&nbsp; This press release contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current expectations and are subject to uncertainty and changes in facts and circumstances. The forward-looking statements herein include statements addressing future financial and operating results of Avnet and may include words such as "will," "anticipate," "expect," believe," and "should," and other words and terms of similar meaning in connection with any discussions of future operating or financial performance or business prospects. Actual results may vary materially from the expectations contained in the forward-looking statements.   The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: the Company's ability to retain and grow market share and to generate additional cash flow, risks associated with any acquisition activities and the successful integration of acquired companies, any significant and unanticipated sales decline, changes in business conditions and the economy in general, changes in market demand and pricing pressures, allocations of products by suppliers, other competitive and/or regulatory factors affecting the businesses of Avnet generally.   More detailed information about these and other factors is set forth in Avnet's filings with the Securities and Exchange Commission, including the Company's reports on Form 10-K, Form 10-Q and Form 8-K. Avnet is under no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.&nbsp;   About Avnet Avnet, Inc. (NYSE:AVT) is one of the largest distributors of electronic components, computer products and technology services and solutions with more than 300 locations serving 70 countries worldwide.   The company markets, distributes and optimizes the supply-chain and provides design-chain services for the products of the world's leading electronic component suppliers, enterprise computer manufacturers and embedded subsystem providers. Avnet brings a breadth and depth of capabilities, such as maximizing inventory efficiency, managing logistics, assembling products and providing engineering design assistance for its 100,000 customers, accelerating their growth through cost-effective, value-added services and solutions. For the fiscal year ended June 30, 2007, Avnet generated revenue of $15.68 billion. For more information, visit www.avnet.com. (AVT_IR)&nbsp; &nbsp;  For more information please contact: Kirsten Klatt EMEA Public Relations +49 (0) 2153 733 328 Kirsten.klatt@avnet.com]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/3451/avnet_inc_reports_second_quarter_fiscal_year_2008_results_sales_eps_and_roce_set_second_quarter_records.html</link>
<pubDate>Tue, 05 Feb 2008 09:47:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Completes Acquisition of IT Solutions Division of Acal plc]]></title>
<description><![CDATA[Avnet Inc. (NYSE: AVT) today announced that it has completed its acquisition of the IT Solutions Division of Acal plc.&nbsp; The acquired business, which has annual revenues of approximately $200 million, is a leading European value-added distributor for Storage Networking (SAN), Networking, Security, Electronic Document Management, as well as managed and professional services.&nbsp; The division, which has operations in the UK, the Netherlands, Belgium, Germany, France and Sweden,&nbsp; will be integrated into Avnet Technology Solutions&rsquo; EMEA business. ]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/3211/avnet_inc_completes_acquisition_of_it_solutions_division_of_acal_plc.html</link>
<pubDate>Mon, 17 Dec 2007 13:00:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Reports First Quarter Fiscal Year 2008 Results]]></title>
<description><![CDATA[PHOENIX, Oct 25, 2007 - Avnet, Inc. (NYSE:AVT) today reported revenue of $4.10 billion for first quarter fiscal 2008, ended September 29, 2007, representing an increase of 12.3% over first quarter fiscal 2007. Net income for first quarter fiscal 2008 was $105.5 million, or $0.69 per share on a diluted basis, as compared with net income of $64.1 million, or $0.44 per share on a diluted basis, for the first quarter last year. Excluding debt extinguishment costs that negatively impacted the prior year quarter, net income and diluted earnings per share increased 31% and 25%, respectively, over the year-ago period. Included in these results is stock compensation expense of $0.05 per diluted share in the current year first quarter as compared with $0.03 per share in the same period last year.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/2891/avnet_inc_reports_first_quarter_fiscal_year_2008_results.html</link>
<pubDate>Thu, 25 Oct 2007 09:14:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Completes Acquisition of Magirus Enterprise Infrastructure Division]]></title>
<description><![CDATA[Phoenix, Ariz. &ndash; October 8, 2007 &ndash; Avnet, Inc. (NYSE:AVT) today announced that it has completed its acquisition of the Enterprise Infrastructure Division of Magirus Group.&nbsp;The acquired business, which has annual revenues of approximately $500 million, is a value-added distributor of IBM and Hewlett-Packard enterprise computing products in seven European countries and Dubai.&nbsp;The acquisition is expected to meet or exceed the company&rsquo;s stated return-on-capital-employed goal and add approximately $0.08 EPS in calendar 2008.&nbsp;The integration of the acquired business into Avnet&rsquo;s Technology Solutions group in Europe is expected to be essentially complete by June 2008.Roy Vallee, Avnet&rsquo;s chairman and chief executive officer, stated, &ldquo;This acquisition positions Avnet Technology Solutions as Europe&rsquo;s largest value-added IT distributor for enterprise solutions with the broadest capabilities in the market.&nbsp;Following completion of the recently announced Acal IT Solutions acquisition, Avnet Technology Solutions will have $2.5 billion of annual revenue in the region and possess unique scale and scope advantages that further enhance Avnet&rsquo;s value proposition to our trading partners.&nbsp;In support of Avnet Technology Solutions&rsquo; strategy to enable complete solutions, we will continue to pursue value creating acquisitions that expand our customer base and/or broaden our products and services portfolio.&rdquo;]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/1631/avnet_inc_completes_acquisition_of_magirus_enterprise_infrastructure_division.html</link>
<pubDate>Sun, 07 Oct 2007 15:52:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. to Acquire IT Solutions Division of Acal plc]]></title>
<description><![CDATA[Phoenix, Arizona, September 27, 2007 -- Avnet, Inc. (NYSE:AVT) announced that it has reached a definitive agreement with Acal plc for Avnet to acquire the IT Solutions division of Acal plc.&nbsp; Acal IT Solutions is a leading value-added distributor for Storage Area Networking (SAN), Secure Networking and Electronic Document Management products and services, with operations in the UK, the Netherlands, Belgium, Germany, France and Sweden.&nbsp; The closing of the transaction is subject to approval by Acal shareholders and EU merger control clearance.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/1621/avnet_inc_to_acquire_it_solutions_division_of_acal_plc.html</link>
<pubDate>Thu, 27 Sep 2007 15:47:00 +0400</pubDate>
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<title><![CDATA[Avnet, Inc. Reports Fourth Quarter and Fiscal Year 2007 Results]]></title>
<description><![CDATA[PHOENIX, Aug 08, 2007 (BUSINESS WIRE) -- Avnet, Inc. (NYSE:AVT) today reported record revenue of $4.24 billion for fourth quarter fiscal 2007, ended June 30, 2007, representing an increase of 17.3% over fourth quarter fiscal 2006. Organic (pro forma) revenue growth, as defined in the Non-GAAP Financial Information section, was 4.0% over the prior year fourth quarter. Net income for fourth quarter fiscal 2007 was $124.7 million, or $0.81 per share on a diluted basis, as compared with net income of $58.8 million, or $0.40 per share on a diluted basis, for the fourth quarter last year. Excluding certain items noted below, net income was a record $123.9 million, or $0.81 per share on a diluted basis, representing a 42.4% and 37.3% increase, respectively, over the year-ago period. The Company's effective tax rate for the 2007 fiscal year came in at approximately 33%, thereby positively impacting its fourth quarter results by roughly $0.02 per share.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/1581/avnet_inc_reports_fourth_quarter_and_fiscal_year_2007_results.html</link>
<pubDate>Wed, 08 Aug 2007 15:38:00 +0400</pubDate>
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<title><![CDATA[Avnet to Acquire Magirus Enterprise Infrastructure Division]]></title>
<description><![CDATA[Phoenix, 19 July 2007 &ndash; Avnet, Inc., (NYSE: AVT) announced today that it has entered into a definitive agreement to acquire the European Enterprise Infrastructure Division of value-add distributor Magirus Group. &nbsp;With annual revenues of approximately $500 million, the acquired business will be integrated into the European operations of Avnet Technology Solutions (TS), the IT distribution group of Avnet, Inc. The agreement covers the distribution of servers, storage systems, software and services of IBM and Hewlett-Packard to resellers in seven European countries and Dubai. With this transaction, Magirus is exiting the IBM and HP enterprise business and will in the future concentrate on building other segments of its business.]]></description>
<link>http://www.ts.avnet.com/ae/press_centre/press_release/1601/avnet_to_acquire_magirus_enterprise_infrastructure_division.html</link>
<pubDate>Thu, 19 Jul 2007 15:42:00 +0400</pubDate>
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