Avnet 2001 Annual Report Download - page 19

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17
well-known brands, Sunrise and ChinaTronic, with the management teams of
each remaining intact.
EM also continues to develop its relationship with ChinaECNet, established
in FY’00, to help indigenous Chinese companies compete in the Internet-enabled
manufacturing arena. EM’s alliance with ChinaECNet positions it as a major
provider of products, logistics and technical services to China’s indigenous OEMs.
The Chinese market for wireless products will be extremely important for global
electronics manufacturers. According to the research firm Strategies Unlimited,
China has replaced Japan as the world’s second largest cellular phone market,
with approximately 75 million mobile subscribers in December 2000. Despite this
explosive growth, mobile telephones in China have penetrated only 6 percent of
the population. Avnet opened a Radio Frequency Design Services Lab in Singapore
this year, placing EM in an ideal position to create demand for suppliers’ wireless
products and operating platforms, such as 802.11 and Bluetooth.
Looking Ahead
By finding and leveraging opportunities in the electronics manufacturing
industry’s total available market, EM will emerge from the current down-
turn well-positioned to deliver shareholder value. The combined strategy of
examining every effort in terms of return on capital employed, creating
product-specialized and focused business units, and developing businesses that
generate services revenue not dependent on inventory creates the potential for
better-than-ever performance.
Executives celebrate Avnet’s acquisition of Sunrise
Technology Limited. (left to right) Harley Feldberg,
president, Avnet Asia; Brian Hilton, president, Avnet
Electronics Marketing; C.T. Wong, founder and
chairman, Sunrise; Raymond Tsang, CEO, Sunrise
EM ACCOLADES
■Amphenol names Avnet Kent its
Distributor of the Year.
■The Benelux unit of EM’s Silica
division receives Hitachi’s Design
Win of the Year Award for Europe.
■Agilent Technologies and
Infineon Technologies name
EBV Elektronik their European
Distributor of the Year.
■BFi OPTiLAS receives Agilent
Technologies’ award for
outstanding contributions to
demand creation for its radio
frequency and microwave devices.
■Murata Electronics designates
Avnet RF & Microwave its North
American Distributor of the Year.
■Fairchild Semiconductor gives its
CRM Excellence Award to EBV
Elektronik for outstanding
customer relationship management
in the electronics industry.
■Avnet Asia is named national
Semiconductor’s Top Performing
Distributor in South Asia.
Avnet Sunrise is named its Top
Performing Distributor in
Hong Kong/China.
electronics
marketing
electronics
marketing