Avnet Inc. (AVT - Analyst Report) will host its virtual Power Forum for a full 24 hrs, through its business region Avnet Electronics Marketing Americas.
The forum will provide on-demand technical training from nearly 20 industry-leading power technology suppliers.
With the help of 40 in-depth technical webinars, the attendees will be provided a practical look at innovative products, market trends and design techniques. The event, to be held on September 21, 2011, will be free of cost.
Furthermore, a wide range of power electronics design topics will be presented by Avnet’s technical experts and supplier partners during the Power Forum.
By combining, Electronics Marketing’s in-house technical expertise and industry leading supplier partners, Avnet will equip customers with educational opportunities that will accelerate their time to market. This will also help design engineers in creating enduring power solutions.
The Electronics Marketing segment distributes semiconductors and Interconnect, passive and electromechanical devices (IP&E), and provides supply chain management, inventory replenishment system and non-complex engineering design services.
During the fourth quarter of fiscal 2011, the Electronics Marketing segment reported revenues of $3.96 billion, up 26.8% y/y. Pro forma revenue grew 11.8% year over year.
At the end of the quarter, book-to-bill ratio was below one as concerns of supply chain disruptions related to the earthquake in Japan have normalized. The customers are also apprehensive about placing new orders, due to the sluggish economic growth.
Avnet is one of the world’s largest distributors of electronic components and computer products. The company directly competes with Arrow Electronics Inc. (ARW - Analyst Report)
We currently have a Neutral recommendation on Avnet. The stock currently carries a Zacks #4 Rank, which translates into a short-term rating of Sell.