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The Company, together with its consolidated subsidiaries is an industrial distributor of electronic components, enterprise network and computer products and embedded subsystems.
On 14-May-2008, its president Fred Cuen has left the company. He is at least the second high-profile executive to leave Avnet in as many months. Anna McDermott stepped down as senior vice president of customer engagement for Avnet Technology Solutions in April. McDermott, previously CEO of Access Distribution before it was acquired by Avnet.Technicals:Stock is down since October of last year. The trend presents a bearish sentiment. There was a massive sell-off on 25-April-2008 which can trigger more selling. There will be short-term bullish runs but the trend will be your friend. Short-term bull runs can be confused with bullish reversal signals.
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