-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WWUNlUVXZyDsdiyfi5y64x1FG36pvHE8DaRhibXxHF+Xc4l4JaP76WCwhaz0JHkU
 Bv0VGcrVxms9QMw3KFCP7w==

<SEC-DOCUMENT>0000007536-98-000002.txt : 19980323
<SEC-HEADER>0000007536-98-000002.hdr.sgml : 19980323
ACCESSION NUMBER:		0000007536-98-000002
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	19980318
ITEM INFORMATION:		
FILED AS OF DATE:		19980320
SROS:			NYSE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARROW ELECTRONICS INC
		CENTRAL INDEX KEY:			0000007536
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065]
		IRS NUMBER:				111806155
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	001-04482
		FILM NUMBER:		98569360

	BUSINESS ADDRESS:	
		STREET 1:		25 HUB DR
		CITY:			MELVILLE
		STATE:			NY
		ZIP:			11747
		BUSINESS PHONE:		5163911300
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<DESCRIPTION>EARNINGS ANNOUNCEMENT
<TEXT>

                   		   SECURITIES AND EXCHANGE COMMISSION     
                           			WASHINGTON, D.C. 20549     
     
                                 				FORM 8-K     
      
 		                               CURRENT REPORT     
                  		  PURSUANT TO SECTION 12 OR 15(d) OF THE      
                          SECURITIES EXCHANGE ACT OF 1934     
    
Date of Report (Date of earliest event reported):  March 18, 1998     
     
     
     
  	                           		ARROW ELECTRONICS, INC.     
               	   --------------------------------------------------     
               	   (Exact Name of Registrant as Specified in Charter)     
     
          New York                 1-4482                 11-1806155          
    -------------------------------------------------------------------     
    (State or Other Juris-      (Commission File        (IRS Employer     
     diction of Incorporation)        Number)         Identification No.)     
     
     
     25 Hub Drive, Melville, New York                         11747     
    --------------------------------------------------------------------     
    (Address of Principal Executive Offices)                Zip Code     
     
     
Registrant's telephone number, including area code:  (516) 391-1300     
					    
     

<PAGE>     
Item 5. Other Events.     
     
		On March 18, 1998, Arrow Electronics, Inc. announced      
that its earnings for the first quarter of 1998 are likely to be      
below analysts' expectations.     
     
     
Item 7.  Financial statements, Pro Forma Financial Information       
	        and Exhibits     
     
(a)      Not applicable.     
      
(b)      Not applicable.     
     
(c)      Exhibit 99 (i) Press Release dated March 18, 1998, issued by      
	        Arrow Electronics, Inc. announcing that its earnings for the      
	        first quarter of 1998 are likely to be below analysts'      
       	 expectations.     
     
     
     
SIGNATURES     
     
     
Pursuant to the requirements of the Securities Exchange Act of 1934, the 
registrant has duly caused this report to be signed on its behalf by the 
undersigned hereunto duly authorized.     
     
 				                           ARROW ELECTRONICS, INC.     
     
     
     
     
Dated:  March 18, 1998          By:   /s/Robert E. Klatell         
				                                  ----------------------     
                            				Name:  Robert E. Klatell     
                            				Title: Executive Vice President     
     
     
     
     
<PAGE>     
EXHIBIT INDEX     
     
     
Exhibit                                         Page #     
     
  99       Press Release dated March 18, 1998, issued     
		         by Arrow Electronics, Inc. announcing that     
		         its earnings for the first quarter of 1998     
		         are likely to be below analysts' expectations.    
    
    
     
<PAGE>      
				                                                 			    Exhibit 99       
    
ARROW ELECTRONICS, INC.     
25 Hub Drive     
Melville, New York 11747    
     
CONTACT:        Robert E. Klatell     
		              Executive Vice President     
              		(516) 391-1300     
     
				       
     
     
	            ARROW ELECTRONICS ANTICIPATES LOWER FIRST QUARTER EARNINGS     
          	  ----------------------------------------------------------    
     
FOR IMMEDIATE RELEASE 
- ---------------------     

MELVILLE, NEW YORK, March 18, 1998 -- Arrow Electronics, Inc.  
(NYSE:ARW) announced that first quarter earnings are likely to be below  
analysts' expectations.     
    
Results for the first two months of the quarter reflect pervasive weakness in 
the broad electronics markets.  This highly competitive environment is 
characterized by continuing pressure on average selling prices and narrowing 
gross profit margins, as suppliers' output of components remains high, lead 
times shortened, and most products freely available around the world.  
Although global in nature, these unfavorable market conditions are most 
pronounced in  North America, where revenues appear to have flattened from 
the fourth quarter of 1997, reflecting inventory adjustments in the channel, 
the impact of lower prices, and a slowing of growth in certain computer 
products markets.  As a result, the first quarter's operating expenses will be
proportionately higher than anticipated and operating margins will be under 
pressure.     
    
Based upon daily order and shipment activity rates, the company does not 
believe that its results in March will improve sufficiently to offset the 
quarter's results to date.  First quarter earnings are expected to be in the
$.40 to $.45 per share range on a diluted basis, appreciably lower than those 
in both last year's first quarter ($.50 per share on a diluted basis) and 
fourth quarter ($.53 per share on a diluted basis).     
    
Arrow Electronics is the world's largest distributor of electronic components 
and computer products to industrial and commercial customers.     
	   
                             				  *    *     *     

The Private Securities Litigation Reform Act of 1995 provides a "safe 
harbor" for forward-looking statements.  This press release contains forward-
looking statements based on current expectations that could be affected by 
the risks and uncertainties involved in the company's business.  These risks 
and uncertainties include, but are not limited to, the effect of economic and 
market conditions, opportunities for acquisitions and the company's ability to
effectively integrate acquired companies, risks associated with foreign 
operations, such as currency fluctuations, possible increases in shipping rates
or interruptions in  shipping service, the addition or loss of suppliers, 
allocation of products by suppliers, changes in market demand and pricing 
pressure, the level and volatility of interest rates, the impact of current or 
pending legislation and regulation, fluctuation in quarterly results, as well 
as the risks described from time to time in the company's reports to the 
Securities and Exchange Commission, including the company's Annual  
Report on Form 10-K.    


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
