ARW - Arrow Electronics: More Downside With 'Deteriorating Demand Conditions'
Arrow Electronics, Inc. (NYSE:ARW) is a commercial distributor for electronic components, semiconductors, software, and enterprise infrastructure hardware. ARW works with the 871 industry manufacturers to source one of the broadest portfolios of product offerings in the world, serving over 200,000 customers. Arrow generated about $30 billion in revenue over the past year with a market cap of $5.7bn. The company is set to report Q2 earnings August 1st, but anticipated the results by providing preliminary figures. The company announced it is pulling out of the personal computer and mobility asset disposition business. Management