News
MELVILLE, NY – Nu Horizons Electronics Corp., a distributor of active and passive electronic components, posted first-quarter net income of $475,000, down from $1.2 million in the same quarter a year ago.
Sales for the quarter ended May 31 rose to $121.4 million from $118.2 million.
SAN JOSE – May sales of semiconductors worldwide declined 0.5% sequentially to $18.05 billion, the Semiconductor Industry Association reported today. SIA cited a drop in DRAM prices as a major factor.
May sales were up 4.1% year-over-year.
PHOENIX – Avnet Inc. has completed its acquisition of Memec, a distributor of semiconductors.
"This acquisition is significant for so many reasons," said Harley Feldberg, president of Avnet EM. "The acquisition allows us to provide a more balanced mix of these services to our customers regardless of location."
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