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Technology Stocks : Hewlett-Packard (HPQ) -- Ignore unavailable to you. Want to Upgrade?

To: Elwood P. Dowd who wrote (479)	5/20/2002 12:58:48 PM
From: PCSS	Read Replies (1) \| Respond to of 4345

Avnet Computer Marketing Reinforces Commitment to New HP 5/20/2002 12:48:00 PM TEMPE, Ariz., May 20, 2002 (BUSINESS WIRE) -- A Leading Channel Partner for Both HP and Compaq, Company is Uniquely Positioned to Help Customers Capitalize On Combined Strengths As the Hewlett-Packard Co. moves forward in its merger with Compaq Computer Co., Avnet Computer Marketing Monday expressed its continued commitment to the success of customers of both brands. "Avnet Computer Marketing has demonstrated leading positions in enterprise products with both HP and Compaq," said Avnet Computer Marketing President Rick Hamada. "This puts us in the unique position of having extensive experience with both companies. We believe this will give us and our customer partners a distinct advantage in the marketplace. "This should lead to growth opportunities that will allow resellers and enterprise customers to capitalize on the best of both worlds. We are ready to rapidly implement the programs and commit the resources necessary to assist both HP and its channel partners in achieving new, incremental business." Hamada added, "As always, we will continue to work closely with all of our partners to enhance our value to both our customers and our suppliers." Dan Vertrees, vice president, HP Enterprise Partners, Americas, further commented, "Avnet Computer Marketing is a valued partner in helping us drive growth. We've enjoyed a good working relationship with Avnet that has definitely helped us achieve our goals and deliver quality products, services and solutions to our customers. "As we move forward, we look to Avnet to continue to deliver high-quality service and support to resellers and enterprise customers resulting in high levels of customer satisfaction." About Avnet Computer Marketing Tempe-based Avnet Computer Marketing, with fiscal 2001 sales of $2.85 billion, markets mid-range to high-end products from the world's premier computer manufacturers and software suppliers. Customers include value-added resellers (VARs) and enterprise customers. Avnet Computer Marketing provides marketing support, pricing strategies and supplier relationship management for its two divisions, Avnet Hall-Mark, a value-added distributor serving the reseller channel, and Avnet Enterprise Solutions, an IT infrastructure architect serving Fortune 1000 companies. Avnet Computer Marketing is an operating group of Avnet Inc. (AVT) , a Phoenix-based Fortune 500 company. Avnet is a technology marketing and services provider and one of the world's largest distributors of electronic components and computer products from industry leading manufacturers. Global sales for fiscal 2001 were $12.8 billion (year ended June 30, 2001).