| Industries |
|---|
| Technology Hardware Storage and Peripherals |
| Information Technology |
| Technology Hardware and Equipment |
| Semiconductors and Semiconductor Equipment |
| Semiconductor Equipment |
| Home Improvement Retail |
| Asset Management and Custody Banks |
| Health Care Distribution and Services |
| Health Care Facilities |
| Consumer Electronics |
| Computer and Electronics Retail |
| Food Distributors |
| Trading Companies and Distributors |
| Exposures |
|---|
| Military |
| Express intent |
| Political reform |
| Provide |
| Regime |
| Ease |
| Rights |
| Cooperate |
| Leadership |
| Event Codes |
|---|
| Solicit support |
| Agree |
| Adjust |
| Grant |
| Promise policy support |
| Yield to order |
| Collaborate |
| Warn |
| Host meeting |
| Sports contest |
| Travel to meet |
| Force |
| Psychological state |
| Wiki | Wiki Summary |
|---|---|
| Closed-form expression | In mathematics, a closed-form expression is a mathematical expression that uses a finite number of standard operations. It may contain constants, variables, certain well-known operations (e.g., + − × ÷), and functions (e.g., nth root, exponent, logarithm, trigonometric functions, and inverse hyperbolic functions), but usually no limit, differentiation, or integration. |
| Supply chain management | In commerce, supply chain management (SCM) is the management of the flow of goods and services, between businesses and locations, and includes the movement and storage of raw materials, of work-in-process inventory, and of finished goods as well as end to end order fulfillment from point of origin to point of consumption. Interconnected, interrelated or interlinked networks, channels and node businesses combine in the provision of products and services required by end customers in a supply chain.Supply-chain management has been defined as the "design, planning, execution, control, and monitoring of supply-chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally". |
| Financial technology | Financial technology (abbreviated fintech or FinTech) is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance. |
| ISPM 15 | International Standards For Phytosanitary Measures No. 15 (ISPM 15) is an International Phytosanitary Measure developed by the International Plant Protection Convention (IPPC) that directly addresses the need to treat wood materials of a thickness greater than 6mm, used to ship products between countries. |
| Bank account | A bank account is a financial account maintained by a bank or other financial institution in which the financial transactions between the bank and a customer are recorded. Each financial institution sets the terms and conditions for each type of account it offers, which are classified in commonly understood types, such as deposit accounts, credit card accounts, current accounts, loan accounts or many other types of account. |
| Failure of electronic components | Electronic components have a wide range of failure modes. These can be classified in various ways, such as by time or cause. |
| Financial crisis of 2007–2008 | The financial crisis of 2008, or Global Financial Crisis, was a severe worldwide economic crisis that occurred in the early 21st century. It was the most serious financial crisis since the Great Depression (1929). |
| Non-bank financial institution | A non-banking financial institution (NBFI) or non-bank financial company (NBFC) is a financial institution that does not have a full banking license or is not supervised by a national or international banking regulatory agency. NBFC facilitate bank-related financial services, such as investment, risk pooling, contractual savings, and market brokering. |
| Fractional-reserve banking | Fractional-reserve banking is the system of banking operating in almost all countries worldwide, under which banks that take deposits from the public are required to hold a proportion of their deposit liabilities in liquid assets as a reserve, and are at liberty to lend the remainder to borrowers. Bank reserves are held as cash in the bank or as balances in the bank's account at the central bank. |
| Bank reserves | Bank reserves are a commercial bank's cash holdings physically held by the bank, and deposits held in the bank's account with the central bank. Under the fractional-reserve banking system used in most countries, central banks typically set minimum reserve requirements that require commercial banks under its purview to hold cash or deposits at the central bank equivalent to at least a prescribed percentage of their liabilities, such as customer deposits. |
| Housing and Economic Recovery Act of 2008 | The United States Housing and Economic Recovery Act of 2008 (Pub.L. 110–289 (text) (PDF), 122 Stat. 2654, enacted July 30, 2008) (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis. |
| Telecommunications facility | In telecommunications, a facility is defined by Federal Standard 1037C as:\n\nA fixed, mobile, or transportable structure, including (a) all installed electrical and electronic wiring, cabling, and equipment and (b) all supporting structures, such as utility, ground network, and electrical supporting structures.\nA network-provided service to users or the network operating administration. |
| Treasury stock | A treasury stock or reacquired stock is stock which is bought back by the issuing company, reducing the amount of outstanding stock on the open market ("open market" including insiders' holdings). \nStock repurchases are used as a tax efficient method to put cash into shareholders' hands, rather than paying dividends, in jurisdictions that treat capital gains more favorably. |
| 2018 in American television | The following is a list of events affecting American television in 2018. Events listed include television show finales and cancellations and information about controversies and carriage disputes. |
| Obsolescence | Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order.The international standard IEC 62402:2019 Obsolescence Management defines obsolescence as the "transition from available to unavailable from the manufacturer in accordance with the original specification".Obsolescence frequently occurs because a replacement has become available that has, in sum, more advantages compared to the disadvantages incurred by maintaining or repairing the original.\nObsolete also refers to something that is already disused or discarded, or antiquated. |
| Multichannel television in the United States | Multichannel television in the United States has been available since at least 1948. The United States is served by multichannel television through cable television systems, direct-broadcast satellite providers, and various other wireline video providers; among the largest television providers in the U.S. are DirecTV, Altice USA, Charter Communications (through its Spectrum division, which also includes the former Time Warner Cable and Bright House Networks systems), Comcast (through its Xfinity division), Dish Network, and Verizon Communications (through its FiOS division). |
| Shared Socioeconomic Pathways | Shared Socioeconomic Pathways (SSPs) are scenarios of projected socioeconomic global changes up to 2100. They are used to derive greenhouse gas emissions scenarios with different climate policies. |
| North Texas Tollway Authority | The North Texas Tollway Authority (NTTA) is an organization that maintains and operates toll roads, bridges, and tunnels in the North Texas area. Functioning as a political subdivision of the State of Texas under Chapter 366 of the Transportation Code, the NTTA is empowered to acquire, construct, maintain, repair and operate turnpike projects; to raise capital for construction projects through the issuance of turnpike revenue bonds; and to collect tolls to operate, maintain and pay debt service on those projects. |
| Tolling (law) | Tolling is a legal doctrine that allows for the pausing or delaying of the running of the period of time set forth by a statute of limitations, such that a lawsuit may potentially be filed even after the statute of limitations has run. Although grounds for tolling the statute of limitations vary by jurisdiction, common grounds include:\nThe plaintiff was a minor at the time a cause of action accrued. |
| Not Available | Not Available is the second studio album (released as the fourth) by the Residents, recorded in 1974. The album was allegedly meant to only be released once its creators completely forgot about its existence (adhering to their "Theory of Obscurity," in which an artist's purest work is created without an audience) - however, due to ongoing delays in the release of Eskimo, Not Available was released to supply the demand for new Residents material, given their unexpected critical and commercial success following the release of the Duck Stab EP.\n\n\n== History ==\nIt is said that the lyrics and themes of Not Available arose from personal tensions within the group, and that the project began as a private psychodrama before being adapted into a possible operetta. |
| Multi-party system | In political science, a multi-party system is a political system in which multiple political parties across the political spectrum run for national elections, and all have the capacity to gain control of government offices, separately or in coalition. Apart from one-party-dominant and two-party systems, multi-party systems tend to be more common in parliamentary systems than presidential systems and far more common in countries that use proportional representation compared to countries that use first-past-the-post elections. |
| Dutch disease | In economics, the Dutch disease is the apparent causal relationship between the increase in the economic development of a specific sector (for example natural resources) and a decline in other sectors (like the manufacturing sector or agriculture).\nThe term was coined in 1977 by The Economist to describe the decline of the manufacturing sector in the Netherlands after the discovery of the large Groningen natural gas field in 1959.The presumed mechanism is that as revenues increase in the growing sector (or inflows of foreign aid), the given nation's currency becomes stronger (appreciates) compared to currencies of other nations (manifest in an exchange rate). |
| Profit margin | Profit margin is a measure of profitability. It is calculated by finding the profit as a percentage of the revenue. |
| Funds transfer pricing | The Fund Transfer Pricing (FTP) measures the contribution by each source of funding to the overall profitability in a financial institution. Funds that go toward lending products are charged to asset-generating businesses whereas funds generated by deposit and other funding products are credited to liability-generating businesses. |
| Al Clark (Blackwater) | Alfred Clark, along with Erik Prince, was the founder of the private security firm Blackwater.\nClark and Prince created Blackwater in 1997 as a business for assuming some of the roles once played by the public sector military, most notably providing security for American and British officials in the Iraq War. |
| List of U.S. places named after non-U.S. places | This is a list of US places named after non-US places. In the case of this list, place means any named location that's smaller than a county or equivalent: cities, towns, villages, hamlets, neighborhoods, municipalities, boroughs, townships, civil parishes, localities, Census Designated Places, and some districts. |
| Polity | A polity is an identifiable political entity – a group of people with a collective identity, who are organized by some form of institutionalized social relations, and have a capacity to mobilize resources. A polity can be any other group of people organized for governance (such as a corporate board), the government of a country, or of a country subdivision. |
| Fixed exchange rate system | A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency's value is fixed or pegged by a monetary authority against the value of another currency, a basket of other currencies, or another measure of value, such as gold.\nThere are benefits and risks to using a fixed exchange rate system. |
| Duty (tax) | In economics, a duty is a target-specific form of tax levied by a state or other political entity. It is often associated with customs, in which context they are also known as tariffs or dues. |
| Beyond (band) | Beyond was a Hong Kong rock band formed in 1983. The band became prominent in Hong Kong, Taiwan, Japan, Singapore, Malaysia, Mainland China, and Overseas Chinese communities. |
| Nuclear meltdown | A nuclear meltdown (core meltdown, core melt accident, meltdown or partial core melt) is a severe nuclear reactor accident that results in core damage from overheating. The term nuclear meltdown is not officially defined by the International Atomic Energy Agency or by the United States Nuclear Regulatory Commission. |
| Hair of the dog | "Hair of the dog", short for "Hair of the dog that bit you", is a colloquial expression in the English language predominantly used to refer to alcohol that is consumed with the aim of lessening the effects of a hangover.\n\n\n== Etymology ==\nThe expression originally referred to a method of treatment for a rabid dog bite by placing hair from the dog in the bite wound. |
| Unleashed (2005 film) | Unleashed (French: Danny the Dog) is a 2005 action thriller film directed by Louis Leterrier, written by Luc Besson, and co-produced by Jet Li and Besson. It stars Jet Li, Morgan Freeman, Bob Hoskins and Kerry Condon, with action choreography by Yuen Woo-Ping. |
| Geo-blocking | Geo-blocking or geoblocking is technology that restricts access to Internet content based upon the user's geographical location. In a geo-blocking scheme, the user's location is determined using Internet geolocation techniques, such as checking the user's IP address against a blacklist or whitelist, GPS queries in the case of a mobile device, accounts, and measuring the end-to-end delay of a network connection to estimate the physical location of the user. |
| Ultrasurf | UltraSurf is a freeware Internet censorship circumvention product created by UltraReach Internet Corporation. The software bypasses Internet censorship and firewalls using an HTTP proxy server, and employs encryption protocols for privacy. |
| Evaluation strategy | In a programming language, an evaluation strategy is a set of rules for evaluating expressions. The term is often used to refer to the more specific notion of a parameter-passing strategy that defines the kind of value that is passed to the function for each parameter (the binding strategy) and whether to evaluate the parameters of a function call, and if so in what order (the evaluation order). |
| Krispy Kreme operations by country | This is a page on the global operations of Krispy Kreme.\n\n\n== Australia ==\nThe first international franchise was opened in Australia during 2003. |
| Failure rate | Failure rate is the frequency with which an engineered system or component fails, expressed in failures per unit of time. It is usually denoted by the Greek letter λ (lambda) and is often used in reliability engineering. |
| Risk Factors |
|---|
| AVNET INC Item 1A Risk Factors Forward-Looking Statements And Risk Factors This Report contains forward-looking statements with respect to the financial condition, results of operations and business of Avnet, Inc |
| and subsidiaries (“Avnet” or the “Company”) |
| These statements are generally identified by words like “believes,” “expects,” “anticipates,” “should,” “will,” “may,” “estimates” or similar expressions |
| Forward-looking statements are subject to numerous assumptions, risks and uncertainties |
| Avnet does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise |
| Factors that may cause actual results to differ materially from those contained in the forward-looking statements include the following: An industry down-cycle in semiconductors could significantly affect the Company’s operating results as a large portion of our revenues come from sales of semiconductors, which is a highly cyclical industry |
| The semiconductor industry historically has experienced periodic fluctuations in product supply and demand, often associated with changes in technology and manufacturing capacity, and is generally considered to be highly cyclical |
| During each of the last three fiscal years, sales of semiconductors represented over 50prca of the Company’s consolidated sales, and the Company’s revenues, particularly in the Company’s Electronics Marketing group, closely follow the strength or weakness of the semiconductor market |
| While the semiconductor industry has strengthened recently as compared with the downturn experienced in 2001 and 2002, it is uncertain whether this improvement will continue and future downturns in the technology industry, particularly in the semiconductor sector, could negatively affect the Company’s operating results in the future and negatively impact the Company’s ability to maintain its current profitability levels |
| Failure to maintain its relationships with key suppliers could adversely affect the Company’s sales |
| One of the Company’s competitive strengths is the breadth and quality of the suppliers whose product the Company distributes |
| However, sales of products and services from two of the Company’s suppliers, IBM and Xilinx, accounted for approximately 16prca and 10prca, respectively, of the Company’s consolidated sales in fiscal year 2006 |
| Management expects IBM and Xilinx products and services to each account for over 10prca of the Company’s consolidated sales in fiscal year 2007 |
| The Company’s contracts with its suppliers, including those with IBM and Xilinx, vary in duration and are generally terminable by either party at will upon notice |
| To the extent IBM, Xilinx or a group of other primary suppliers is not willing to do business with the Company in the future, the Company’s business and relationships with its customers could be materially, adversely affected because its customers depend on the Company’s distribution of electronic components and computer products from the industry’s leading suppliers |
| In addition, to the extent that any of the Company’s key suppliers modifies the terms of their contracts, including, without limitation, the terms regarding price protection, rights of return, rebates or other terms that protect the Company’s gross margins, it could materially, adversely affect the Company’s results of operations, financial condition or liquidity |
| The Company may not have adequate or cost-effective liquidity or capital resources |
| The Company’s ability to satisfy its cash needs depends on its ability to generate cash from operations and to access the financial markets, both of which are subject to general economic, financial, competitive, legislative, regulatory and other factors that are beyond the Company’s control |
| The Company may need to satisfy its cash needs through external financing |
| However, external financing may not be available to us on acceptable terms or at all |
| As of July 1, 2006, Avnet had total debt outstanding of dlra1dtta23 billion under various notes and committed and uncommitted lines of credit with financial institutions |
| The Company needs cash to make interest payments on, and to refinance, this indebtedness and for general corporate purposes, such as funding its ongoing working capital and capital expenditure needs |
| Under the terms of any external financing, the Company may incur higher than expected financing expenses and become 9 _________________________________________________________________ [58]Table of Contents subject to additional restrictions and covenants |
| Any material increase in the Company’s financing costs could have a material adverse effect on its profitability |
| Under some of its various credit facilities, the Company is required to maintain certain specified financial ratios and meet certain tests |
| If the Company fails to meet these financial ratios and tests, it may be unable to continue to utilize these facilities |
| If the Company could not continue to utilize these facilities, it may not have sufficient cash available to make interest payments on and refinance indebtedness and for general corporate needs |
| The agreements governing some of the Company’s financings contain various covenants and restrictions that limit the discretion of management in operating its business and could prevent us from engaging in some activities that may be beneficial to the Company’s business |
| The agreements governing the Company’s financing, including its five-year, dlra500 million credit facility and the indentures governing the Company’s outstanding notes, contain various covenants and restrictions that, in certain circumstances, limit the Company’s ability and the ability of certain subsidiaries to: • grant liens on assets; • make restricted payments (including paying dividends on capital stock or redeeming or repurchasing capital stock); • make investments; • merge, consolidate or transfer all or substantially all of the Company’s assets; • incur additional debt; or • engage in certain transactions with affiliates |
| As a result of these covenants and restrictions, the Company may be limited in how it conducts its business and may be unable to raise additional debt, compete effectively or make investments |
| Declines in the value of the Company’s inventory or unexpected order cancellations by the Company’s customers could materially, adversely affect its business, results of operations, financial condition or liquidity |
| The electronic components and computer products industry is subject to rapid technological change, new and enhanced products and evolving industry standards, which can contribute to a decline in value or obsolescence of inventory |
| During an industry and/or economic downturn, it is possible that prices will decline due to an oversupply of product and, therefore, there may be greater risk of declines in inventory value |
| Although it is the policy of many of the Company’s suppliers to offer distributors like us certain protections from the loss in value of inventory (such as price protection, limited rights of return and rebates), the Company cannot be assured that such return policies and rebates will fully compensate us for the loss in value, or that the vendors will choose to, or be able to, honor such agreements, some of which are not documented and therefore subject to the discretion of the vendor |
| In addition, the Company’s sales are typically made pursuant to individual purchase orders, and the Company generally does not have long-term supply arrangements with its customers |
| Generally, the Company’s customers may cancel orders 30 days prior to shipment with minimal penalties |
| The Company cannot be assured that unforeseen new product developments, declines in the value of the Company’s inventory or unforeseen order cancellations by its customers will not materially, adversely affect the Company’s business, results of operations, financial condition or liquidity, or that the Company will successfully manage its existing and future inventories |
| 10 _________________________________________________________________ [59]Table of Contents Substantial defaults by the Company’s customers on its accounts receivable or the loss of significant customers could have a significant negative impact on the Company’s business, results of operations, financial condition or liquidity |
| A significant portion of the Company’s working capital consists of accounts receivable from customers |
| If customers responsible for a significant amount of accounts receivable were to become insolvent or otherwise unable to pay for products and services, or were to become unwilling or unable to make payments in a timely manner, the Company’s business, results of operations, financial condition or liquidity could be adversely affected |
| An economic or industry downturn could adversely and materially affect the servicing of these accounts receivable, which could result in longer payment cycles, increased collection costs and defaults in excess of management’s expectations |
| A significant deterioration in the Company’s ability to collect on accounts receivable could also impact the cost or availability of financing under its Securitization Program |
| The electronics component and computer industries are highly competitive and if the Company cannot effectively compete, its revenues may decline |
| The market for the Company’s products and services is very competitive and subject to rapid technological advances |
| Not only does the Company compete with other global distributors, it also competes for customers with regional distributors and some of the Company’s own suppliers |
| The Company’s failure to maintain and enhance its competitive position could adversely affect its business and prospects |
| Furthermore, the Company’s efforts to compete in the marketplace could cause deterioration of gross profit margins and, thus, overall profitability |
| The sizes of the Company’s competitors vary across market sectors, as do the resources the Company has allocated to the sectors in which it does business |
| Therefore, some of the competitors may have greater financial, personnel, capacity and other resources or a more extensive customer base than the Company has in one or more of its market sectors |
| The Company’s non-US locations represent a significant and growing portion of its revenue, and consequently, the Company are increasingly exposed to risks associated with operating internationally |
| During fiscal year 2006, 2005 and 2004, approximately 49prca, 48prca and 47prca, respectively, of the Company’s sales came from its operations outside the United States |
| Most notable in this growth of non-US sales is the increasing volume of sales activity in the Asia region, which accounted for approximately 18prca of consolidated sales during fiscal year 2006 |
| As a result of the Company’s foreign sales and locations, its operations are subject to a variety of risks that are specific to international operations, including, but not limited to, the following: • potential restrictions on the Company’s ability to repatriate funds from its foreign subsidiaries; • foreign currency fluctuations and the impact on the Company’s reported results of operations of the translation of the foreign currencies to US dollars; • import and export duties and value added taxes; • import and export regulation changes; • changing foreign tax laws and regulations; • political instability, terrorism and potential military conflicts; • inflexible employee contracts in the event of business downturns; and • the burden and cost of compliance with foreign laws |
| The Company has operations in several locations in emerging or developing economies that have a potential for higher risk |
| The risks associated with these economies include currency volatility and other economic or political risks |
| While the Company has and will continue to adopt measures to reduce the impact of losses resulting from volatile currencies and other risks of doing business abroad, the Company cannot be ensured that such measures will be adequate |
| 11 _________________________________________________________________ [60]Table of Contents If the Company fails to maintain effective internal controls, it may not be able to report its financial results accurately or timely or detect fraud, which could have a material adverse effect on the Company’s business |
| Effective internal controls are necessary for the Company to provide reasonable assurance with respect to its financial reports and to effectively prevent fraud |
| If the Company cannot provide reasonable assurance with respect to its financial reports and effectively prevent fraud, its brand and operating results could be harmed |
| Pursuant to the Sarbanes-Oxley Act of 2002, the Company is required to furnish a report by management on internal control over financial reporting, including management’s assessment of the effectiveness of such control |
| Internal control over financial reporting may not prevent or detect misstatements because of its inherent limitations, including the possibility of human error, the circumvention or overriding of controls, or fraud |
| Therefore, even effective internal controls cannot provide absolute assurance with respect to the preparation and fair presentation of financial statements |
| In addition, projections of any evaluation of effectiveness of internal control over financial reporting to future periods are subject to the risk that the control may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate |
| If the Company fails to maintain the adequacy of its internal controls, including any failure to implement required new or improved controls, or if the Company experiences difficulties in their implementation, the Company’s business and operating results could be harmed, and the Company could fail to meet its reporting obligations, which could have a material adverse effect on its business |
| If the Company’s internal information systems fail to function properly, its business operations could suffer |
| The Company’s expanding global operations, as well as faster financial reporting requirements imposed by the Securities and Exchange Commission, put increasing reliance on the Company’s internal information systems in producing timely, accurate and reliable reports on financial and operational results |
| Currently, the Company’s global operations are tracked with multiple internal information systems |
| These systems are subject to computer hacking or other general system failure |
| Maintaining and operating these systems requires continuous investments |
| There is no guarantee that the Company will be successful at all times or that there will not be integration difficulties that will adversely affect the Company’s operations or the accurate recording and reporting of financial data |
| Failure of any of these internal information systems or material difficulties in upgrading its systems could have material adverse effects on the Company’s business |