The long term health of XICO is intact despite the recent bleeding! Fabless is a good concept! Hopefully, the earnings season will straighten out XICO's price ascension!
Wednesday March 29, 8:10 am Eastern Time
Company Press Release
Xicor and Avnet Expand Distribution Relationship
Korea, India and Australia added to existing US and European franchises; Global alignment is strategic to long-term competitive advantage
MILPITAS, Calif.--(BUSINESS WIRE)--March 29, 2000-- Xicor, Inc. (NASDAQ:XICO - news) and Avnet (NYSE:AVT - news) today announced the expansion of their existing distribution agreement for North America and Europe to include India, Korea and Australia. The expanded Xicor-Avnet relationship sets the stage for global alignment between the two parties in 2000.
``This expansion of the Xicor-Avnet relationship makes good business sense, and is consistent with our desire to have global distribution and logistics support for our major customers,' said Dave Gordon, manager of distribution sales and marketing. ``Our major customers have design and manufacturing locations worldwide, and expect suppliers to have sales, applications and logistical support worldwide as well.'
``Avnet Asia Pte. Ltd., which includes India, Korea and Australia, offers world-class services in line with our suppliers' and customers' global business requirements -- with special focus on time-to-market issues,' said Brian Hilton, co-president, Avnet Electronics Marketing. ``We're pleased that Xicor has chosen to expand with Avnet.'
Xicor Company Background
Xicor, Inc. designs, develops, manufactures and sells nonvolatile in-the-system programmable products which retain information even when the system is turned off or power is inadvertently lost. Xicor's product line includes digitally controlled potentiometers (XDCPs(TM)), system management ICs, and standard and secure memory ICs.
Xicor product, corporate and financial information is readily accessible on the worldwide web at xicor.com.
Avnet Company Background
Avnet Electronics Marketing (EM) is the largest operating group of Phoenix, Ariz.-based Avnet, Inc. (NYSE:AVT - news), a Fortune 300 company with annual sales exceeding $6.4 billion, ($10 billion pro forma, including recent acquisitions). One of the world's largest distributors of semiconductors, interconnect, passive and electromechanical components from the leading manufacturers, Avnet EM markets, inventories and adds value to these products and provides world-class supply-chain management and engineering design services. Avnet EM serves customers in 60 countries. The company's web site is located at www.em.avnet.com.
Contact:
Xicor, Inc., Milpitas, Calif.
Dave Gordon, 408/546-3593
Wendy Matthews, 408/546-3394
or
Avnet Electronics Marketing, Phoenix
Karen Kalil, 310/665-2436 |
