Avnet Systems Biz Is A Little Soft In Fiscal Q3
May 6, 2013 Timothy Prickett Morgan
The first three months of 2013 were choppy for a lot of IT suppliers and distributors, and the situation was no different for master electronics components and IT distributor Avnet. The box pusher saw a bit of a budget flush in the fourth quarter of 2012, which was the second quarter of its fiscal 2013 year, but no such luck this time around with the U.S. government unsure of what it is going to spend once we get put beyond September this year and general skittishness in China and parts of Europe. In the quarter ended March 30, Avnet’s |