As of January 3, Apple’s market capitalization passed $300 billion, making them the second most valuable company in the world (just behind Exxon Mobil). Since the bump that put them over the $300 billion mark, Apple’s value took a slight dip with the news that Steve Jobs, CEO and public face of the company, would be going on medical leave. However, the company is holding on to its second place position for now. Check out the infographic below for more information.
Phoenix-based Avnet, an electronics and global technology distributor, celebrated it’s 50th anniversary as a public company on the New York Stock Exchange (NYSE) by ringing the closing bell on Dec. 15. Front and center at the bill ringing was Avnet Chairman and CEO Roy Vallee.
“We think our founders would be proud of the fact that we are now one of only 350 companies that have been listed on the New York Stock Exchange for 50 years,” Vallee said. “This milestone distinguishes Avnet as a premier company — one with demonstrated adaptability, a strong culture and conservative financial discipline. These positive attributes have allowed us to grow steadily and profitably over time and become the global leader in technology distribution.”
At the time the company was first listed on the NYSE, Avnet’s market capitalization was $37 million. Today, the company’s market capitalization is approximately $5 billion.
Avnet is one of the largest distributors of electronic components, computer products and embedded technology, serving customers in more than 70 countries. For the fiscal year ended July 3, 2010, Avnet generated revenue of $19.16 billion.