Residential | Small Business | Enterprise | Wireless Region / Language
For Release Wednesday, August 4, 2004
Avnet Signs Networking Contract With AT&T
PHOENIX -- Looking to enhance its global reach and operational capabilities, Avnet (NYSE:AVT), a leading distributor of electronic components and computer products, has contracted with AT&T for a secure, integrated global networking solution that significantly increases its ability to serve overseas customers.
According to the multi-year agreement, AT&T will deploy a high-speed networking solution that integrates Avnet's flagship logistics and distribution center in Arizona with locations across Europe.
The solution enhances Avnet's ability to seamlessly manage its global operations, including supplier and customer relationships, inventory control and pricing information.
It enables Avnet employees to access company databases and information faster and more securely than before, and at a lower cost. In addition, Avnet will be able to process orders for overseas customers quickly.
"Given the geographical scope of our facilities throughout the world, we needed a vendor who had significant global reach, flexibility and security, and we found it with AT&T," said Ed Kamins, CIO at Avnet.
The networking solution is offered through AT&T's Enhanced Virtual Private Network (EVPN). Avnet also uses AT&T for local and long distance telephone calls and for its domestic data business.
About Avnet
Avnet (NYSE:AVT) enables success from the center of the technology industry, providing cost-effective services and solutions vital to a broad base of more than 100,000 customers and 250 suppliers. The company markets, distributes and adds value to a wide variety of electronic components, enterprise computer products and embedded subsystems. Through its premier market position, Avnet brings a breadth and depth of capabilities that help its trading partners accelerate growth and realize cost efficiencies. Avnet generated more than $9B in revenue in fiscal 2003 (year ended June 27, 2003) through sales in 68 countries. Visit http://www.avnet.com/
About AT&T
For more than 125 years, AT&T (NYSE 'T') has been known for unparalleled quality and reliability in communications. Backed by the research and development capabilities of AT&T Labs, the company is a global leader in local, long distance, Internet and transaction-based voice and data services.
AT&T 'Safe Harbor'
The foregoing contains 'forward-looking statements' which are based on management's beliefs as well as on a number of assumptions concerning future events made by and information currently available to management. Readers are cautioned not to put undue reliance on such forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside AT&T's control, that could cause actual results to differ materially from such statements. These risk factors include the impact of increasing competition, continued capacity oversupply, regulatory uncertainty and the effects of technological substitution, among other risks. For a more detailed description of the factors that could cause such a difference, please see AT&T's 10-K, 10-Q, 8-K and other filings with the Securities and Exchange Commission. AT&T disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This information is presented solely to provide additional information to further understand the results of AT&T.
