Avnet 2001 Annual Report Download - page 11

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9
Steve Church Janice Miller Rich Ward
“While we cannot control the
market in which we compete, we
can – and do – determine how
well we compete within it.”
—Roy Vallee
letter to
shareholders
letter to
shareholders
Looking Ahead
Clearly, while we cannot control the market in which we compete, we can – and
do – determine how well we compete within it. Avnet is focused on that which
we can affect to create advantages for our Company. We are committed to long-
term leadership, and we have never been better positioned. Avnet began FY’02
number one in its industry. From the electronic components that feed the supply
chain, to the subsystem building blocks that reduce time to market, to the value-
added mid-range computing products space, we are a market leader. Through
focus, specialization and innovation, Team Avnet is aggressively expanding our
Company’s boundaries beyond traditional distribution, transforming us into the
premier technology marketing and services company, globally.
Thank you, Team, for your many distinguished accomplishments in creating
value for our suppliers, customers and shareholders during both halves of a novel
FY’01. And thank you, Avnet shareholders, for your continued support. Despite
entering the new year with substantial environmental challenges, I am confident
of Avnet’s ability to compete. As always, I welcome your comments and suggestions.
Roy Vallee
Chairman and Chief Executive Officer