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Seizing opportunities in cashing in on them some companies can pretty much -- 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 shares hit a record high on April 27 after the company delivered a record quarter and upbeat guidance.
All this with a backdrop of QE two 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 QE two.
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 and -- with -- 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 -- -- Your phone but as long as people want to have more applications.
On smaller real estate electronics are going to be gone forever.
But -- that it'll take care about the just see what I mean I -- you care probably but is this something that you think about -- worry about.
I cared that the people that manufacture things can do it constructively and can do in the end of productive manner and if they can do -- The sky's the limit it seems that -- -- then now two years ago we were on the brink of disaster.
-- but it the US has led the growth back.
As far as like -- -- the US has been the fastest growing market for the last year for you.
For me so -- everywhere strongest region yes where have you been hiring and which parts in 2000 people in one year he has.
Well we've diversify the company quite a -- and gotten -- 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 -- a way to screen.
That's an entirely new business for us that started last -- it's going to be 500 billion per 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 -- because there are important pieces of that chemicals and things like that in -- 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 one dressed in manga.
Kind of getting into the spirit -- -- 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 Europe middle -- supply chain business.
Get any time a new product comes out that excites us because that means we're right on track 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.
Flow and before all over the world I know Linkedin has social media and it's in essence a website but does it affect your business as the supply chain middleman in any way.
-- -- 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 OK so what's it just explain to people -- with say Intel has five million -- that they've just created the out of -- for the sandy bridge -- They distort somewhere and they need to get it to the customers who want to buy it whether that's Microsoft or whoever is putting their chips into their.
You store them and then you shift 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 this.
-- it at the -- go again a brand new phone out there but where would this be going you who wants.
The products the most is that the Chinese or is -- slowed -- people are worried that the hiked interest rates or the fear of that along with India hiking its race recently my cool down those economies to see anything like.
I don't know -- all I've seen is that -- of that out they've sold in the US is 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 and they won it on their body.
Twelve acquisition since January you're busy hi -- 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 -- 120 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 to design activity that is going on in medical.
Medical and green energy and will be watching -- all Mike thank you very much for joining us Richard Michael Long chairman CEO president due to the windows and there is confident and -- It does everything it -- electronic stock up more than.