On Cramer’s MAD MONEY on CNBC, Cramer interviewed Avnet’s (AVT-NYSE) CEO Roy Vallee. Cramer said they had a blow-out quarter and he asked how a distributor does better than the chip companies. Vallee said it is because of a broadbase of customers and suppliers that are better. The team helped with it and gross marhin and productivity was ahead of the industry. Cramer asked about International compared to domestic and the CEO said 51% is AMERICA and 49% outside of "Americas." Cramer asked if that is why the numbers are better and the CEO said ‘could be’ but revenues come out of Asia in massive volume and they make up space there. Cramer was very positive on this name with it up close to 52-week highs and this one Can be included in his "protect list" of tech you can buy into Spring.
If you will recall Cramer gave 5 tech exceptions last month that you can buy are Cisco Systems (CSCO-NASDAQ), Apple (AAPL-NASDAQ), Microsoft (MSFT-NASDAQ), Hewlett-Packard (HPQ-NYSE) and Google (GOOG-NASDAQ). Here is what he said back then.
Jon C. Ogg
February 5, 2007
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