WEST CHICAGO, IL – Sales of connectors for electronics products in 2004 hit an all-time high of $143 billion in the U.S. and $286 billion worldwide, boosted by consumer electronics and consumer electrical equipment such as home appliances and HVAC units which are increasing in electronics content.

Sales were driven by strong demand for digital audio, video and home information products, consumer electrical and electronics equipment, said Bishop and Associates in a research report. 

MELVILLE, NY – Nu Horizons Electronics Corp., a distributor of active and passive electronic components, posted first-quarter net income of $475,000, down from $1.2 million in the same quarter a year ago.

Sales for the quarter ended May 31 rose to $121.4 million from $118.2 million.

SAN JOSE – May sales of semiconductors worldwide declined 0.5% sequentially to $18.05 billion, the Semiconductor Industry Association reported today. SIA cited a drop in DRAM prices as a major factor. 

May sales were up 4.1% year-over-year.

PHOENIX – Avnet Inc. has completed its acquisition of Memec, a distributor of semiconductors.

"This acquisition is significant for so many reasons," said Harley Feldberg, president of Avnet EM. "The acquisition allows us to provide a more balanced mix of these services to our customers regardless of location."