Avnet, Inc. (AVT)

[Penny Roger$]

Avnet, Inc. (Avnet), together with its subsidiaries, is an industrial distributor of electronic components, enterprise computer and storage products and embedded subsystems. It distributes electronic components, computer products and software as received from its suppliers or with assembly or other value added by Avnet. It provides engineering design, materials management and logistics services, system integration and configuration, and supply chain services. It has two primary operating groups: Electronics Marketing, which markets and sells semiconductors and interconnect, electromechanical devices and embedded products, and Technology Solutions, which markets and sells mid- to high-end servers, data storage and software. In January 2012, it acquired Pinnacle Data Systems, Inc. In January 2012, it acquired Canvas Systems from Platinum Equity Holdings. In April 2012, it acquired all of the operating assets of Hartford Computer Group, Inc. and its subsidiary Nexicore Services LLC.

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