Corporate Profile for VEBA Electronics, Inc., dated Dec. 18, 1998.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Dec. 18, 1998
Company Name: VEBA Electronics
Address: 3000 Bowers Avenue
Santa Clara, CA 95051
Main Telephone
Number: 408/748-8434
Chief Executive
Officer: Dr. Ferdinand Pohl
Chief Financial
Officer: Benedictus Borsboom
Public Relations
Contact: Steve Witmer
Business number: 408/588-7658
Industry: Electronics Distribution
-0- Company description: VEBA VEBA Voluntary Employees' Beneficiary Association Electronics Inc., headquartered in Santa Clara Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif., is one of the world's largest and fastest-growing forces in the distribution of semiconductors and computer products. Its member companies include four distributors: Wyle, Memec and EBV EBV Epstein-Barr virus. EBV abbr. Epstein-Barr virus Epstein-Barr virus (EBV) A virus in the herpes family that causes mononucleosis. Elektronik for semiconductors and RK Systems for computer products. ATLAS Services provides logistics support and 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. to the group's semiconductor distributors. VEBA Electronics' franchised distributors operate more than 300 sales offices in 42 countries in all of the world's major electronics markets. The company serves as a bridge between its suppliers and customers, creating demand for suppliers' products, marketing and selling electronic components and systems, and providing its customers with value-added services such as materials management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, and global fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. . Committed to a philosophy of consistent investment in long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. growth, VEBA Electronics during 1997-98 differentiated itself from others in the distribution industry by investing aggressively in new employees, increased training, advanced information technology, expanded logistics services and enhanced demand-creation activity. Today, VEBA Electronics employs 5,500 people worldwide. Sales in 1997 exceeded $3.6 billion; in 1998, sales are expected to reach $4.3 billion. The company is a subsidiary of VEBA AG, based in Duesseldorf, Germany. |
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