Nu
Horizons Recognized as Best Managed Company by Electronic
Buyers News
MELVILLE,
NY - (October 17, 2000) --- On Monday, October 16th
Nu Horizons Electronics Inc. (NASDAQ: NUHC), a leading
electronic-component distributor, was recognized by Electronic
Buyers News (EBN) as the Best Managed Company among electronics
distributors with annual revenues of less than $1 billion
dollars. This is the second consecutive year that Nu Horizons
has been recognized by EBN as a Best Managed Company in
electronics distribution.
"We
are honored to be recognized by EBN, once again, as a
leader in our market", said Arthur Nadata, Nu Horizons
President and CEO. "I am very proud of all the people
at Nu Horizons whose work has helped advance the company
to its leading position in the industry."
EBN's
ranking are based on the publication's independent assessment
of companies in the electronics distribution market. The
criteria EBN used in the survey included major financial
and operating benchmarks such as sales, profitability,
expenses and R&D spending. In its review of Nu Horizons,
EBN noted that the company's sales grew to $179 million
in fiscal second quarter ended August 31, 2000, doubling
from the same period last year. EBN also noted that earnings
more than tripled to 92 cents a share.
The
article can be found at:
http://www.ebnonline.com/story/OEG20001013S0009.
About
Nu Horizons
Nu Horizons is a specialized distributor of high technology
electronic components headquartered in Melville, New York.
The company, with 29 locations throughout North America,
partners with a limited number of best-in-class suppliers
to provide in-depth product and solutions expertise to
its customers. Nu Horizons differentiates itself from
other component distributors through its focus on the
rapidly growing Communications market with high technology
products and services, technically competent sales and
marketing staff plus an industry leading engineering organization.
Nu Horizons was established in 1982 and is publicly traded
on the NASDAQ National Market System under the symbol
NUHC. For additional information log on to Nu Horizons
homepage at www.nuhorizons.com. |
