Production systems from Quanta Computer and Tyan are expected to be available through Avnet Electronics Marketing, Penguin Computing and other system integrators before the end of Q1.
ENGADGET: AMD unveils Open 3.0: an Opteron 6300 platform for the Open Compute Project
Electronics distributor Avnet this morning reported better-than-expected profits for its fiscal fourth quarter ended July 2.
FORBES: Avnet Q4 EPS Beats; Q1 Profit View Light; $500M Buyback
Shares of electronics distributors Avnet (AVT) and Arrow (ARW) are trading sharply higher following bullish comments on the stocks this morning by Stifel Nicolas analyst Matthew Sheerin.
FORBES: Arrow, Avnet Rally; Stifel Turns Bullish On Distributors
As I noted earlier, the electronics distribution giant Avnet today reported surprisingly strong December quarter profits, despite revenues that were just a hair below Street estimates.
In the latest sign of weakness in U.S. IT spending, the electronics distribution giant Avnet warned that results for its fiscal first quarter ended September will be well below previous expectations.
FORBES: Avnet Warns On Sept. Qtr; Shares Down; Arrow Also Falls
Avnet shares are trading modestly higher Thursday morning after the electronics distribution giant posted results for its fiscal first quarter ended September 29 that were weaker than a year ago, but modestly above recently reduced guidance.
FORBES: Avnet FY Q1 Profits Inch Past Revised Guidance; Shrs Gain
Like Arrow, Avnet has two primary businesses: they resell a wide range of components to electronics manufacturers, and they sell computing products to corporate IT departments.
FORBES: Avnet's Big Quarter Suggests Tech Demand Is Alive And Well
Among the largest underlying components of FXL, in trading today Western Digital Corp. ( NASD: WDC) is off about 1.9%, Avnet Inc ( NYSE: AVT) is down about 2.1%, and Arrow Electronics, Inc. ( NYSE: ARW) is lower by about 2.2%.
FORBES: First Trust Technology AlphaDEX Fund Experiences Big Outflow
Really a computer program installed on a Compaq (nyse: CPQ - news - people) Alphaserver platform, the KnowledgeBox is being sold through Avnet (nyse: AVT - news - people), the Phoenix-based electronics distribution giant, as a search service.
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