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This next company is the supply chain.
For some 1151000.
Customers and 12100 suppliers and I'm joined now by the chairman.
President and CEO of Arrow Electronics Michael on who is in town from the new headquarters which is in that.
Colorado you move from Melville New York -- yeah.
We made a little moved we -- little that's a huge vote.
We've been building infrastructure out there for the past fifteen or twenty years stand.
We got to -- better business operations were there it was a better place for us to conduct business.
But no one in New York lost their job because of the -- it was essentially an address change.
It's good to hear some -- one in New York closes but will you be adding because state officials in Colorado their fingers crossed -- expecting what 250 new jobs a year from -- -- that.
Going to -- out.
They have high expectations but we have high expectations of ourselves so.
And we will continue to add infrastructure in Colorado will continue to -- businesses in Colorado and you know -- -- acquisition track record.
We do tend to continue to buy and with that I think Colorado be a winner companies in the last couple of years have you acquired because have to hear the line.
We've had seventeen acquisitions since December of 09.
Just a few -- man I can't imagine how that as to how how to absorb all of those but you do it well so well.
That -- make rather bold prediction about your revenue numbers going over the next three years what does that predictions.
What we fully expect to be around 26 billion dollars over the next three years we did about eighteen plus right now correct.
We believe bad it's.
Given how we've done this year and if the markets continue to hold with the increase of products that we sell.
That we should be able to make.
Let me just get back up a little bit explain to our viewers they are the supply -- -- -- the Intel's of the world -- lighting the Ericsson.
As I said some twelve to 15100.
You're sort of the hangar that holds all of these in the moves them through with the actual customers say I need 50000 pieces of this semiconductor -- and you get it to -- Exactly you we're proud to move innovation forward that's -- we do.
We work with all the best people in the industry of the new products coming out.
We made sure that the parts that they need to get into production -- there.
We actually help companies power places like periods New York Stock Exchange -- computer business and if it talks electronics have talked Sarah.
How can you know what's going to happen in three years obviously not only do we have the gyrations out of Europe that 6% -- the -- floods.
Number one do you have any impact from the -- floods because other big electronic names that depend on the hard drives that seem to be only made their.
Just can't get that out of that region but also how how do you anticipate a -- -- type of situation like that say we're still going to be up.
That larger percentage of our revenues in three.
Look at the you have to have to consider the fact that we have -- Japan catastrophe we had.
There hurricanes down in Alabama we've had very -- -- situation we have had impacts all over the world.
And the supply chain has been fairly resilient during every single one of those not really bringing anybody to their knees and those that were brought down.
Did bounce back very quick.
And for me I'm an optimist about.
Not worrying about things that are out of my control and all I can do is place there on a position to grow over the next several years.
Have the right technologies at the right place at the right time.
For people who are innovating -- I do that.
We're gonna get there.
There are one or two other competitors in the space one of them is -- I think they're having their analyst day today and we've been waiting for news to trickle out of there but.
Why pick -- over half now.
Well I think it starts with the technologies that we're and the people we deal with the customers we have.
And in general.
We deliver for people who come up and investing goods and we make their life easier.
I mean it when you have that many customers of that high level of caliber it's it's.
Obviously something that's being done right Mike Long thank you very much thank you Mike Long is the chairman president and CEO of Arrow Electronics stock is up about three and a half percent over the past year.
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