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-- opportunities and cashing in on them some companies can pretty much what the facts speak for themselves let's show these facts Arrow Electronics.
The stock has been searching nearly 65%.
Over the past year.
Some of that was months ago when we first introduced you to this company's shares hit a record high on April 27 after the company delivered a record quarter and upbeat guidance.
-- with a backdrop of QE2 and earthquakes and drama and worry joining us now in a Fox Business exclusive.
This -- making it all happened Mike Long chairman and CEO and president of Arrow Electronics.
I I was I didn't I'm not being facetious people come on and say watch out for June QE2.
The debt ceiling everything's gonna fall in on us we're we're going -- it would double dip recession housing still hasn't recovered.
And you came back in the commercial break to me -- said we've -- 2000 people over the past year in business just keeps getting better.
Oh absolutely electronics are converging on everything.
It doesn't matter whether it's your alarm clock or your razor.
Your phone but as long as people want to have more applications.
On smaller real estate electronics are going to be gone forever.
But -- -- it'll take care about the just see what I mean I -- you care probably but is this something that you think about or worry about.
I cared that the people that manufacture things can do it constructively and can do and -- a productive manner and if they can do that.
The sky's the limit it seems that they -- -- now two years ago we were on the brink of disaster.
-- but at the US has led the growth back.
As far as like trying -- the US has been the fastest growing market for the last year for you.
For me so everyone strongest region yes where have you been hiring -- which parts in 2000 people in one year he has.
Well we've diversify the company quite a bit and gotten it to many services.
A lot of engineers have come into play for us.
We are now finding ways to dispose of old IT assets.
The companies have in a constructive manner and a way to screen.
That's an entirely new business for us it started last -- it's going to be 500 billion or 500 million this year.
'cause I have an old laptop by Sony did you read about I'm feeling so guilty about putting it in the dump because there are important -- -- it pieces of that chemicals and things like that in there but look let's let's look at say for example a day like today Microsoft making a big announcement about its new mango phone that's -- -- dressed in manga.
Kind of getting into the spirit of -- but -- but at when you hear an announcement like that what goes through your mind first of all do you get a piece of that action in -- middle -- supply chain business.
Yeah any time a new product comes out that excites us because that means we're right -- -- for revenue.
Before product comes out we have a lot invested in engineering and designing the products.
And helping getting the supply chain lined up but once it goes in the manufacturing that's when the products are.
Well -- -- -- all over the world I know Linkedin does social media and it's in essence a website but does it affect your business as the supply chain middleman in anyway.
For sure they need computers in their back office to run the system to make sure that more and more people can get on they need more storage.
And our computer business.
Can support that in a big.
Way okay so what's it just explain to people that -- say Intel has five million chips that they've just created the atom chip for the Sandy Bridge chip.
They distort somewhere and they need to get it to the customers who want to buy it whether that's.
Microsoft or whoever's putting their chips into -- you store them and then you ship of your that middleman.
Whether they want those parts to go to China India Spain.
Germany the US anywhere in the world will have warehouses to support it.
But the -- go again a brand new phone out there but where would this be going to be who wants.
The products the most is that the Chinese or is their slow down people are worried that the hiked interest rates -- the fear of that along with India hiking its -- recently Mike cooled down those economies to see anything like.
I don't know all I've seen is that ipads have been out they've sold in the US -- sold in Europe they're selling in Asia.
New phones they're selling in every location possible in the world people want to communicate with people want an easy way to store information.
And they won it on their body.
Twelve acquisitions since January Europe as he can't -- can imagine.
But 500 million in cash on your balance sheet but two billion in debt what do what you pay that down -- you need to pay that down sooner rather than later.
I think our debt structure is just fine we're we're close to a twenty billion dollar company two billion in debt is not out of the order.
As we finish up what part of the electronics world excites you the most at this point alternative energy.
Good old manufacturing seems to be coming back in a big way and I like the design activity that is going on in medical.
Medical and green energy and will be watching it all Mike thank you very much for joining us appreciate Michael Long chairman CEO president due to the windows and there is confident and yeah.
It does everything it Arrow Electronics stock up more than.
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