When I first met the Hamilton-Avnet and Time Electronics folks back in the 80s, I learned they were leaders in educational seminars and open houses for buyers and engineers. We have since folded our groups into the Avnet Inc. (NYSE: AVT) name and grown in over 80 countries, but the legacy is still there.
One of the most important ways we are of value to the electronics community is education. We still have seminars, magazines, videos, open houses, partner conferences, and solutions training programs, including X-Fest and now ARM-fest, which is the only global seminar program in tech history.
Being a thought leader, Avnet invested in AvnetOnDemand.com two years ago to provide another method of spreading the information that can benefit your knowledge, career, and company. No one else has such a robust tech showcase of videos, from computer products to electronic components. No one.
If a picture is worth a thousand words, what is a video worth? To Avnet, it's over $1 million of your time, based on the average of $50 per hour. You and your peers have voted with over 20,000 hours of watching supplier videos on our unique portal. Not to be outdone, EBV-TV was created by one of our outstanding divisions in Europe.
The best-watched videos are the ones we added value to, such as Xilinix’s boards, or the CIO Tech series created by Steve Phillips, which has been quite a hit. I think Steve is getting a bit full of himself; he is now demanding a dressing room and is always getting makeup, even when he has no show! Another top-viewed program was on Avnet's sustainability efforts by our chief financial officer. The real key to success is that our valued suppliers consistently add new videos for your education and pleasure. Thanks for watching.