Avnet Ranks Among Fortune's 'Most Admired Companies'.Tops List of Arizona Firms PHOENIX -- Avnet, Inc. (NYSE NYSE See: New York Stock Exchange :AVT AVT avian arginine vasotocin. See vasotocin. ), a global technology distribution and services company, announced today that it has been named to the America's Most Admired Companies A yearly publication by Fortune Magazine, America's Most Admired Companies consists of corporations that are highly esteemed by the likes of Business Executives, Directors, and Analysts. A survey is taken of close to 3300 professionals who give their opinions on the companies. list by Fortune magazine. This year, Avnet moved up two rankings to be in the top 5 most admired companies in the Electronics and Office Equipment Wholesaler category. In addition, Avnet was ranked No. 1 in Arizona, where it is headquartered. "Avnet has consistently invested in building a premier organization that focuses on providing value to our customers, suppliers and shareholders. Our employees deliver on that promise every day, and they are the ones who really deserve this award," said Avnet Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Roy Vallee. "Being recognized as one of America's most-admired companies demonstrates that their hard work is making a difference." Described as the "definitive report card on corporate reputations," Fortune's rankings are based on a survey of 10,000 executives, directors, and analysts asked to rate companies in their own industry on eight criteria. Firms are rated on innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, quality of products and services. Only the best are listed as most admired. For more information about the Fortune list of "America's Most Admired Companies," visit http://www.fortune.com. 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 250 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 Inserted into. See embedded system. subsystem A unit or device that is part of a larger system. For example, a disk subsystem is a part of a computer system. A bus is a part of the computer. A subsystem usually refers to hardware, but it may be used to describe software. 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 A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. and solutions. For the fiscal year ended July 1, 2006, Avnet generated revenue of $14.25 billion. For more information, visit www.avnet.com/ (AVT_IR) |
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