For Immediate Release
Chicago, IL – December 8, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Avnet, Inc. (AVT), Hewlett Packard (HPQ), IBM (IBM), Cisco (CSCO) and Sun (JAVA).
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Here are highlights from Monday’s Analyst Blog:
Avnet Expands in the East
Avnet, Inc. (AVT) recently earlier acquired certain assets of Sunshine Joint Stock Company of Vietnam, further expanding its presence and customer base in The Association of Southeast Asian Nations (ASEAN). Sunshine is an IT distributor providing server, storage and software products to system integrators and resellers throughout Vietnam.
Sunshine markets a portfolio of IT infrastructure products from leading vendors including Hewlett Packard (HPQ), IBM (IBM) and Lenovo. Sunshine generated revenue of approximately $33 million in 2008. The company has over 120 employees and 1,400 customers.
This acquisition will provide a solid foundation to build upon in the growing IT market in Vietnam. Management at Avnet announced that the company plans to grow its solutions distribution business in emerging markets of Asia. In October, Avnet acquired a controlling interest in Vanda Group from Hutchinson Whampoa Limited to expand its presence and customer base across China.
Vanda Group provides systems integration services and solutions incorporating hardware and software from major suppliers including IBM, Lenovo, Cisco (CSCO) and Sun (JAVA).
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