Business: Avnet expecting 7-9% revenue growth in Latin America

Business News Americas Ltda.
Latin America's Business Information Leader

Info. Technology News - Wednesday, March 31, 2010

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* Avnet expecting 7-9% revenue growth in Latin America - Regional

US IT wholesaler Avnet Technology Solutions (NYSE: AVT) expects to maintain 7-9% annual growth in Latin America after completing the purchase of US IT products wholesaler Bell Microproducts (Nasdaq: BELM), Avnet's chief financial officer, Ray Sadowski, told BNamericas.

"Bell's [Latin America] sales for 2009 were roughly US$500mn," he said. "Based upon what we're hearing, our growth estimate would be 7-9%."

Sadowski said Avnet will be looking to sell to distributors, manufacturers and value-add ... more
http://www.bnamericas.com/news/technology/Avnet_expecting_7-9*_revenue_growth_in_Latin_America/180773854

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