Arrow Electronics 2004 Annual Report Download - page 57

Download and view the complete annual report

Please find page 57 of the 2004 Arrow Electronics annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 94

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94

฀฀฀฀฀฀฀฀฀฀฀฀


 "#$ %##&!$!"#"$
:7.3,  .3 (433*(9.43 <.9- 9-* &(6:.8.9.43 4+  &3) .3(1:)*) .3 9-* 5:7(-&8* 57.(* 9-*7*4+ 9-*
(425&3>5&.)94&(6:.7*&.39*7*89.3%471)"*&(*3):897.&149)$-*(425&3>&184-&8
&34<3*78-.5.39*7*89.3&7:':347547&9.43A&7:':3B&&5&3*8*(425&3>$-*8*.3;*892*398
&7*&((4:39*)+47&8&;&.1&'1*+478&1*8*(:7.9.*8:8.3,9-*+&.7;&1:*2*9-4)&8+4114<8
  
489'&8.8      
*9:37*&1.?*)-41).3,1488*8  
&.7;&1:*      
$-* +&.7 ;&1:* 4+ 9-*8* .3;*892*398 &7* .3(1:)*) .3 A!9-*7 &88*98B &3) 9-* 7*1&9*) 3*9 :37*&1.?*) -41).3,
1488*8&7*.3(1:)*).3A!9-*7B.39-*8-&7*-41)*78*6:.9>8*(9.43.39-*&((425&3>.3,(43841.)&9*)'&1&3(*
8-**9
9 *(*2'*7 9-* (489 4+ 9-* (425&3>8 .3;*892*39 .3&7:':3<&8  9-* :37*&1.?*)
-41).3,1488<&8&3)9-*+&.7;&1:*<&8#.3(**(*2'*79-*+&.7;&1:*4+9-*
(425&3>8 .3;*892*39 -&8 .3(7*&8*) '>  19-4:,- 9-* +&.7 ;&1:* 4+ 9-* &7:':3 .3;*892*39 -&8
'**3'*14<9-*(489'&8.8+47247*9-&39<4>*&789-*(425&3>-&8 (43(1:)*) 9-&9 &3 49-*79-&3
9*2547&7>)*(1.3*-&83494((:77*)'&8*):543.98&88*882*394+9-*+4114<.3,+&(9478
 '74&)<471)<.)*&3)&5&385*(.+.(*(4342.(+&(9478
 5:'1.(1>&;&.1&'1*+47*(&898+478&1*8&3)*&73.3,8,74<9-+479-*.3):897>&3)&7:':3
 9-*(>(1.(&13&9:7*4+9-*9*(-3414,>.3):897>&3)
 7*(*39+.3&3(.&15*7+472&3(*4+&7:':3
8 &7:':3 *=5*7.*3(*8 9-* 8&2* <471)<.)* 9*(-3414,> (>(1.(&1 *++*(98 &8 9-* 7*89 4+ 9-* *1*(9743.(8
).897.':9.43.3):897>.9*=5*7.*3(*)5*7.4)4;*75*7.4),74<9-.38&1*8+479-*6:&79*7&3)7*5479*).988.=9-
(438*(:9.;* 574+.9&'1* 6:&79*7 +47 9-* 6:&79*7*3)*) *(*2'*7 &7:':3&1847*5479*)&89743,
'&1&3(* 8-**9 &8 4+ *(*2'*7   &7:':38 894(0 ;&1:* -&8 +1:(9:&9*) 4;*7 9-* 1&89 9<*1;*
2439-8<.9-&3.3(7*&8* 4+ (425&7*)<.9-9-*894(0 ;&1:*&9*(*2'*7 )).9.43&11>9-*
(425&3>-&89-*.39*39&3)&'.1.9>947*9&.39-.8.3;*892*394;*7&5*7.4)4+9.2*<-.(-<4:1)'*8:++.(.*39
94 &114< +47 &3> 7*(4;*7> .3 2&70*9 ;&1:*  $-* (425&3> (4:1) 549*39.&11> 7*&1.?* &3 .25&.72*39 (-&7,* .3
+:9:7*5*7.4)8.+&243,49-*7+&(9478&7:':3@8+:9:7**&73.3,8).++*7+742(:77*391>&;&.1&'1*+47*(&898#:(-
&3.25&.72*39(-&7,*<4:1)-&;*'**35*78-&7*+479-*>*&7*3)*)*(*2'*7
# $%!"$ #
3&>  9-*(425&3> 841) 8:'89&39.&11> &11 4+9-* &88*98 4+ &9*8774< & ':8.3*88 :3.9 <.9-.3 9-*
(425&3>8 479- 2*7.(&3 425:9*7 "74):(98 A "B ,74:5 $49&1 (&8- 574(**)8 4+  &+9*7
57.(*&)/:892*398-&;*'**3(411*(9*)$-*(425&3>8(43841.)&9*)+.3&3(.&189&9*2*398&3)7*1&9*)349*8
-&;*'**357*8*39*)947*+1*(9&9*8774<&8&).8(439.3:*)45*7&9.43+47<-.(-7*+1*(93*98&1*84+
&3)&1488+742).8(439.3:*)45*7&9.4383*94+9&=*84+9-74:,-9-*).8548.9.43)&9*
4+&>
$-*(425&3>7*(47)*)&14884+3*94+7*1&9*)9&=*8475*78-&7*439-*).8548&1
4+ &9*8774< 7*1&9*) 94 5*78433*1 (4898  +&(.1.9.*8  574+*88.43&1 +**8  &88*9
<7.9*)4<38&3)49-*7
84+*(*2'*79-*(425&3>-&)4+:3:8*)&((7:&1857.2&7.1>7*1&9*)94+&(.1.9.*8
:7.3,3*9(&8-5&>2*3984++475*78433*1(4898&3)+47+&(.1.9.*8<*7*7*(47)*)&,&.389
9-*&((7:&18&7*8:19&84+*(*2'*79-*(425&3>-&)&3:3:8*)&((7:&14+7*1&9.3,94
+&(.1.9.*8<-.(-.8*=5*(9*)94'*:9.1.?*)'>9-**3)4+