Arrow Invests as Virtual Chip Exchange Goes Worldwide.Virtual Chip Exchange (VCE VCE Victorian Certificate of Education (State of Victoria, Australia) VCE Virginia Cooperative Extension VCE Volvo Construction Equipment VCE Venice, Italy - Marco Polo (Airport Code) ), which aims to provide a virtual marketplace for electronic components, has now launched a worldwide service and received a minority investment from Arrow Electronics Arrow Electronics NYSE: ARW is a Fortune 500 company headquartered in Melville, New York. This company specializes in products and services of electronic components and computer products. Inc, the Melville, New York Melville is a hamlet and census-designated place in the town of Huntington in Suffolk County on Long Island, New York, in the United States. As of the 2000 census, 14,533 people resided there. company that claims to be the world's largest distributor of electronic components. VCE, set up in Munich, Germany as a partnership between component trading company Consumer Electronic AG and Montreal, Canada-based e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. applications developer Mediagrif Interactive Technologies, says revenues have now grown to $1m a month from 1,100 registered members. VCE's ambitions is to become the dominant trading hub for electronic components. Arrow would not specify the value of its investment but the company said it would enable to help "influence" the growing internet market for excess inventories. VCE estimates that there is $30bn of excess components inventories in the hands of electronic equipment makers. It says that apart from matching buyers to sellers, its software will analyze and sort inventory, regrouping the parts into lots which optimize optimize - optimisation the individual value of each component. |
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