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<SEC-DOCUMENT>/in/edgar/work/20000530/0000950153-00-000847/0000950153-00-000847.txt : 20000919
<SEC-HEADER>0000950153-00-000847.hdr.sgml : 20000919
ACCESSION NUMBER:		0000950153-00-000847
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20000530

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AVNET INC
		CENTRAL INDEX KEY:			0000008858
		STANDARD INDUSTRIAL CLASSIFICATION:	 [5065
]		IRS NUMBER:				111890605
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0630
</COMPANY-DATA>

		FILING VALUES:
			FORM TYPE:		424B3
			SEC ACT:		
			SEC FILE NUMBER:	333-36970
			FILM NUMBER:		646366
</FILING-VALUES>

			BUSINESS ADDRESS:	
				STREET 1:		2211 SOUTH 47TH STREET
				CITY:			PHOENIX
				STATE:			AZ
				ZIP:			85034
				BUSINESS PHONE:		4806432000
</BUSINESS-ADDRESS>

				MAIL ADDRESS:	
					STREET 1:		2211 SOUTH 47TH STREET
					CITY:			PHOENIX
					STATE:			AZ
					ZIP:			85034
</MAIL-ADDRESS>
</FILER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>0001.htm
<DESCRIPTION>424B3
<TEXT>

<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV align="right">
 Filed pursuant to 424(b)(3)
</DIV>

<DIV align="right">
Registration No. 333-36970
</DIV>

<DIV align="center">
[SAVIOR TECHNOLOGY GROUP LOGO]
</DIV>

<P align="center"><B>PROXY STATEMENT/ PROSPECTUS</B>

<DIV align="center">
<B>MERGER PROPOSED&nbsp;&#151; YOUR VOTE IS VERY IMPORTANT.</B>
</DIV>

<P align="left">Dear Fellow Stockholders:

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The board of directors of Savoir Technology Group, Inc. has
called a special meeting of stockholders for June&nbsp;29, 2000
at which you will be asked to consider and to vote upon a
proposal to merge our company with a wholly-owned subsidiary of
Avnet, Inc. Avnet is one of the largest electronics components
and computer products distribution businesses in the world.

<P align="center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The date, time and place of the special meeting are as follows:

<P align="center">
44951 Industrial Blvd.

<DIV align="center">
Fremont, California 94538
</DIV>

<DIV align="center">
10:00&nbsp;a.m., June&nbsp;29, 2000
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In the merger, holders of Savoir common stock will receive, in
exchange for each share they hold, between 0.15494 and 0.11452 of
 a share of Avnet common stock, depending upon the average
closing price of Avnet common stock during the fifteen trading
days ending five trading days before the date of the special
meeting. Holders of Savoir series A preferred stock will receive,
 in exchange for each share they hold, a portion of a share of
Avnet common stock equal to $9.6581 divided by the average
closing price of Avnet common stock during the five trading days
before the date of the merger. Avnet will issue only full numbers
 of its shares to Savoir stockholders; fractional share interests
 will be settled in cash. The Avnet common stock is listed for
trading on The New York Stock Exchange and the Pacific Exchange
under the symbol &#147;AVT.&#148; The merger will be tax-free to
Savoir stockholders except to the extent that they receive cash
instead of fractional Avnet shares.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B><I>Your vote is very important. </I></B>We cannot proceed with
 the merger unless the stockholders of Savoir adopt the merger
agreement. You are cordially invited to attend the special
meeting. Whether or not you plan to attend, please complete and
mail the enclosed proxy card to us or provide your voting
instructions by telephone in accordance with the accompanying
instructions. <B>If you do not return your card or instruct your
broker how to vote your shares held in your broker&#146;s name,
the effect will be the same as a vote against the merger.</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
This proxy statement/prospectus gives you detailed information
about the merger. It includes the merger agreement, which is
attached as Appendix&nbsp;A. You can also obtain information
about Savoir and Avnet from publicly available documents that
they have filed with the Securities and Exchange Commission. We
encourage you to read this entire document carefully.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>YOUR BOARD OF DIRECTORS ENTHUSIASTICALLY AND UNANIMOUSLY
SUPPORTS THIS MERGER AND RECOMMENDS THAT YOU VOTE &#147;FOR&#148;
 THE ADOPTION OF THE MERGER AGREEMENT.</B>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="62%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	/s/ P. Scott Munro</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	P. SCOTT MUNRO</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<I>Chairman of the Board</I></TD>
</TR>

</TABLE>

<P align="center"><B>Please see page&nbsp;11 for risk factors relating to the
merger which you should</B>

<DIV align="center">
<B>consider before you vote.</B>
</DIV>

<P align="left">
Neither the Securities and Exchange Commission nor any state
securities commission has approved or disapproved of these
securities or determined if this proxy statement/prospectus is
truthful or complete. Any representation to the contrary is a
criminal offense.

<P align="center">
This proxy statement/prospectus is dated May&nbsp;23, 2000

<DIV align="center">
and is first being distributed to stockholders of Savoir on or
about May&nbsp;30, 2000.
</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>

<DIV align="center">
 [SAVIOR TECHNOLOGY GROUP LOGO]
</DIV>

<P align="center"><B>44951 Industrial Boulevard</B>

<DIV align="center">
<B>Fremont, California 94538</B>
</DIV>

<P align="center">
<B>NOTICE OF SPECIAL MEETING OF STOCKHOLDERS</B>

<DIV align="center">
<B>TO BE HELD ON JUNE&nbsp;29, 2000</B>
</DIV>

<P align="left">
To the Stockholders of Savoir Technology Group, Inc.:

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir Technology Group, Inc., a Delaware corporation, will hold
a special meeting of stockholders on June&nbsp;29, 2000 at
10:00&nbsp;a.m., local time, at the company&#146;s offices at
44951&nbsp;Industrial Boulevard, Fremont, California 94538 to
vote on:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	A proposal to adopt the Amended and Restated Agreement and Plan
	of Merger dated as of March&nbsp;2, 2000, among Avnet, Inc.,
	Tactful Acquisition Corp. and Savoir Technology Group, Inc.,
	under which Avnet would acquire Savoir; and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Any other business that may properly come before the special
	meeting or any adjournments, postponements, continuations or
	reschedulings of the special meeting.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Only stockholders of record at the close of business on
May&nbsp;23, 2000 will receive notice of and be entitled to vote
at the special meeting.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In the merger, Savoir stockholders generally will receive Avnet
common stock (and cash instead of fractional shares). However,
holders of Savoir series A preferred stock who do not vote in
favor of adopting the merger agreement and who perfect their
appraisal rights under Section&nbsp;262 of the Delaware General
Corporation Law will have the right to receive from Savoir a cash
 payment of the judicially determined fair value of their shares.
 See &#147;Appraisal Rights&#148; in the attached proxy
statement/prospectus for a description of the procedures which
must be followed to perfect appraisal rights under
Section&nbsp;262, a copy of which is included as Appendix&nbsp;E
to this proxy statement/prospectus. Holders of Savoir common
stock will not have appraisal rights.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>You are cordially invited to attend the special meeting in
person. Your vote is important. Whether or not you expect to
attend the special meeting, please complete, date and sign the
accompanying proxy and return it promptly in the enclosed,
postage-paid envelope. You can find instructions for voting on
the enclosed proxy card. Record holders may also submit their
proxy with voting instructions by telephone in accordance with
the instructions on the enclosed proxy card. Beneficial holders
who hold shares in street name may be able to vote by telephone
or through the Internet in accordance with the instructions they
receive from the nominees holding their shares.</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>Please do not send in any of your Savoir stock certificates at
 this time. If the merger is completed, we will send you
instructions regarding how to exchange your Savoir stock
certificates for Avnet stock certificates.</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>Your Board of Directors unanimously recommends that you vote
FOR adoption of the Amended and Restated Agreement and Plan of
Merger.</B>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="62%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	By Order of the Board of Directors</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	/s/ P. Scott Munro</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	P. SCOTT MUNRO</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<I>Secretary</I></TD>
</TR>

</TABLE>

<P align="left">
May&nbsp;23, 2000
<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="center"><B>Sources of Additional Information</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
This proxy statement/prospectus incorporates important business
and financial information about Savoir and Avnet from documents
that are not included in or delivered with this proxy
statement/prospectus. This information is available to you
without charge upon your written or oral request. You can obtain
documents incorporated by reference in this proxy
statement/prospectus, other than certain exhibits to those
documents, by requesting them in writing or by telephone from the
 appropriate company at the following addresses:

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="55%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="42%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	Savoir Technology Group, Inc.<BR>
	6550 North Loop 1604 East<BR>
	San Antonio, Texas 78247<BR>
	Attention: Terry Johnson<BR>
	(210) 247-1125</FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	Avnet, Inc.<BR>
	2211 South 47th Street<BR>
	Phoenix, Arizona 85034<BR>
	Attention: Raymond Sadowski<BR>
	(480) 643-2000</FONT></TD>
</TR>

</TABLE>
</CENTER>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>If you would like to request documents, please do so by
June&nbsp;22, 2000, in order to receive them before the special
meeting.</I>



<P align="center">
See &#147;Where You Can Find More Information&#148;
(page&nbsp;54).


<P align="center">-ii-

<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="center"><B>Table of Contents</B>


<CENTER>
<TABLE width="60%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="3%">&nbsp;</TD>
	<TD width="87%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Page</B></FONT></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
</TR>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Sources of Additional Information</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">ii</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Questions and Answers About the Merger</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">iv</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Summary</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Selected Financial Information</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">7</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Summary Historical and Pro Forma Per Share Data</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">9</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Risk Factors</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">11</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Cautionary Statement Regarding Forward-Looking Statements</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">12</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	The Special Meeting</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">13</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	General; Date, Time and Place</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">13</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Record Date; Vote Required</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">13</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Voting and Revocation of Proxies</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">14</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Solicitation of Proxies</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">14</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Letter of Transmittal</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">15</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Security Ownership of Certain Beneficial Owners and Management</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">15</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Market Price and Dividend Information</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">17</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	The Companies</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">18</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Savoir</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">18</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Avnet</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">18</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	The Merger</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">20</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	General</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">20</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Background to the Merger</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">20</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Savoir&#146;s Reasons for the Merger; Recommendations of the
	Savoir Board of Directors</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">22</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Avnet&#146;s Reasons for the Merger</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">23</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Opinion of Savoir&#146;s Financial Adviser</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">23</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Interests of Certain Persons in the Merger and Possible Conflicts
	 of Interest</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">27</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Public Trading Markets</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">29</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Accounting Treatment</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">30</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	The Merger Agreement</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">30</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	General</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">30</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Terms of the Merger</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">30</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Closing; Effective Time of the Merger</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">31</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Certificate of Incorporation and Bylaws of the Surviving
	Corporation</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">31</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Directors and Officers of the Surviving Corporation</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">31</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Representations and Warranties</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">31</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Conditions to the Merger</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">32</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Covenants</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">33</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Termination</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">35</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Termination Fees and Expenses</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">36</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Amendment, Extension and Waiver</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">37</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Other Agreements</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">37</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Material Federal Income Tax Consequences of the Merger</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">38</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Description of Avnet Common Stock</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">39</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Description of Savoir Common Stock and Series&nbsp;A Preferred
	Stock</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">40</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Comparison of Shareholder Rights</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">40</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Voting on Business Combinations</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">41</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	State Takeover Legislation</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">41</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Appraisal Rights</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">43</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Amendments to Charters</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">45</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Amendments to By-Laws</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">45</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Duration of Proxies</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">46</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Shareholder Action by Written Consent</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">46</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Director Nominations and Shareholder Proposals</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">46</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Special Shareholder Meetings</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">47</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Removal of Directors</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">47</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Vacancies</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">47</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Indemnification of Directors and Officers</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">48</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Limitation of Personal Liability of Directors</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">49</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Dividends</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">50</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Appraisal Rights</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">50</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Experts</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">53</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Validity of Shares</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">53</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Additional Information for Savoir Stockholders</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">53</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Where You Can Find More Information</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">54</FONT></TD>
	<TD></TD>
</TR>

<TR>
	<TD colspan="6">&nbsp;</TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Appendix&nbsp;A&nbsp;&#151; Amended and Restated Agreement and
	Plan of Merger</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-1</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Appendix&nbsp;B&nbsp;&#151; Stock Option Agreement</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">B-1</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Appendix&nbsp;C&nbsp;&#151; Inducement Agreement</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">C-1</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Appendix&nbsp;D&nbsp;&#151; Opinion of Alliant Partners</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">D-1</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Appendix&nbsp;E&nbsp;&#151; Section&nbsp;262 of the Delaware
	General Corporation Law</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">E-1</FONT></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>


<P align="center">-iii-
<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="center"><B>Questions and Answers About the Merger</B>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD><B>Q:&nbsp;</B></TD>
	<TD align="left">
	<B>Who are the parties to this merger?</B></TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>A:&nbsp;</TD>
	<TD align="left">
	Tactful Acquisition Corp., a wholly-owned subsidiary of Avnet,
	Inc., will merge into Savoir Technology Group, Inc. and cease to
	exist. Savoir will remain after the merger as the surviving
	corporation and become a wholly-owned subsidiary of Avnet.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD><B>Q:&nbsp;</B></TD>
	<TD align="left">
	<B>What will Savoir stockholders receive?</B></TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>A:&nbsp;</TD>
	<TD align="left">
	Holders of Savoir common stock will receive, for each share of
	Savoir common stock, between 0.15494 and 0.11452 of a share of
	Avnet common stock, depending upon the average of the closing
	prices of Avnet common stock during the fifteen consecutive
	trading days ending five trading days before the date of the
	special meeting.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;&nbsp;&nbsp;</TD>
	<TD align="left">
	Holders of Savoir series A preferred stock (other than holders
	who perfect their appraisal rights under Delaware law) will
	receive, for each share of series A preferred stock, a portion of
	 a share of Avnet common stock equal to $9.6581 divided by the
	average of the closing prices of Avnet common stock during the
	five consecutive trading days ending on the trading day before
	the effective date of the merger.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD><B>Q:&nbsp;</B></TD>
	<TD align="left">
	<B>Why is Savoir merging?</B></TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>A:&nbsp;</TD>
	<TD align="left">
	The board of directors of Savoir believes that Savoir, by
	becoming a part of Avnet, should be able to:</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="4%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;&nbsp;&nbsp;&#149;&nbsp;</TD>
	<TD align="left">
	reduce its costs by combining its operations with Avnet&#146;s
	established infrastructure,</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;&nbsp;&nbsp;&#149;&nbsp;</TD>
	<TD align="left">
	expand its position with its customers by combining its marketing
	 power and product offerings with those of Avnet, and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;&nbsp;&nbsp;&#149;&nbsp;</TD>
	<TD align="left">
	benefit from the strength and experience of Avnet&#146;s senior
	management team.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD><B>Q:&nbsp;</B></TD>
	<TD align="left">
	<B>Why is the Savoir board of directors recommending that I vote
	for adoption of the merger agreement?</B></TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>A:&nbsp;</TD>
	<TD align="left">
	In reaching its decision to approve the merger agreement and the
	merger and to recommend that Savoir stockholders adopt the merger
	 agreement, the Savoir board of directors consulted with Savoir
	management, as well as with Savoir&#146;s financial and legal
	advisors, and considered the terms of the proposed merger
	agreement and the transactions contemplated by the merger
	agreement. In addition, the Savoir board of directors considered
	each of the items set forth on pages&nbsp;22 to 23. Based on
	those consultations and considerations, the Savoir board of
	directors unanimously approved the merger agreement and the
	merger, and believes that the terms of the merger agreement and
	the merger are advisable and fair to, and in the best interests
	of, Savoir and its stockholders.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD><B>Q:&nbsp;</B></TD>
	<TD align="left">
	<B>What should I do?</B></TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>A:&nbsp;</TD>
	<TD align="left">
	After you have carefully read this proxy statement/prospectus,
	please mail your signed proxy card to us in the enclosed
	envelope, or submit your proxy with voting instructions by
	telephone in accordance with the instructions on the accompanying
	 proxy card, so that your shares will be voted at the special
	meeting.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD><B>Q:&nbsp;</B></TD>
	<TD align="left">
	<B>If my shares are held in &#147;street name&#148; by my broker,
	 will my broker vote my shares for me?</B></TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>A:&nbsp;</TD>
	<TD align="left">
	Your broker will not be able to vote your shares without
	instructions from you. You should instruct your broker how to
	vote your shares following the directions provided by your
	broker. Failure to instruct your broker to vote your shares is
	equivalent to voting against the merger agreement.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD><B>Q:&nbsp;</B></TD>
	<TD align="left">
	<B>Can I change my vote after I have submitted my proxy with
	voting instructions?</B></TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>A:&nbsp;</TD>
	<TD align="left">
	Yes. There are three ways in which you may revoke your proxy and
	change your vote at any time before the special meeting:</TD>
</TR>

</TABLE>
<P>


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="4%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;&nbsp;&nbsp;&#149;&nbsp;</TD>
	<TD align="left">
	You may send a written notice of revocation to the Corporate
	Secretary of Savoir at 44951 Industrial Boulevard, Fremont,
	California 94538, in time for it to be received before the
	meeting.</TD>
</TR>

</TABLE>


<P align="center">-iv-
<!-- PAGEBREAK -->
<P><HR noshade><P>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="4%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;&nbsp;&nbsp;&#149;&nbsp;</TD>
	<TD align="left">
	You may complete and submit by mail a new proxy card or submit
	your proxy with new voting instructions by telephone. Your latest
	 dated proxy actually received by Savoir by mail or telephone
	before the special meeting will be recorded and any earlier votes
	 will be revoked.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;&nbsp;&nbsp;&#149;&nbsp;</TD>
	<TD align="left">
	You may attend the special meeting and vote in person. However,
	simply attending the special meeting without voting will not
	revoke your proxy.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	 If you have instructed a broker to vote your shares which the
	broker holds of record, you must follow directions received from
	your broker to change or revoke your previous voting
	instructions.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD><B>Q:&nbsp;</B></TD>
	<TD align="left">
	<B>Should I send in my Savoir stock certificates now?</B></TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>A:&nbsp;</TD>
	<TD align="left">
	No. After the merger has been completed, you will receive
	instructions for exchanging your Savoir stock certificates for
	Avnet stock certificates. Please do not send in your stock
	certificates with your proxy card.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD><B>Q:&nbsp;</B></TD>
	<TD align="left">
	<B>How many Savoir shares will be converted into Avnet shares?
	</B></TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>A:&nbsp;</TD>
	<TD align="left">
	13,611,156 currently outstanding shares of Savoir common stock,
	and 1,850,012 currently outstanding shares of Savoir series A
	preferred stock, will be converted into Avnet common stock. Also,
	 a maximum of 3,633,475 additional shares of Savoir common stock
	could be issued before the merger upon exercise of employee stock
	 options and warrants and would if so issued also be converted
	into Avnet common stock.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD><B>Q:&nbsp;</B></TD>
	<TD align="left">
	<B>Will the merger be consummated if stockholders of Savoir do
	not approve it?</B></TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>A:&nbsp;</TD>
	<TD align="left">
	No. The merger agreement must be adopted by a majority of the
	votes represented by all shares of Savoir series A preferred
	stock and common stock outstanding on the record date for the
	special meeting, voting together as a single class. If the
	stockholders of Savoir do not approve of the merger, it will not
	be consummated.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD><B>Q:&nbsp;</B></TD>
	<TD align="left">
	<B>Will the shares of Avnet common stock issued in the merger be
	listed on the New York Stock Exchange?</B></TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>A:&nbsp;</TD>
	<TD align="left">
	Yes. The Avnet common stock is currently listed on the New York
	Stock Exchange and the Pacific Exchange under the symbol
	&#147;AVT.&#148; After the merger, the Avnet common stock
	(including the shares issued in the merger) will continue to be
	listed on both exchanges.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD><B>Q:&nbsp;</B></TD>
	<TD align="left">
	<B>Am I entitled to appraisal rights?</B></TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>A:&nbsp;</TD>
	<TD align="left">
	Holders of Savoir common stock are not entitled to appraisal
	rights in connection with the merger. Only holders of Savoir
	series A preferred stock will have appraisal rights. We describe
	the procedures for exercising appraisal rights in this proxy
	statement/ prospectus and we attach the provisions of Delaware
	law that govern appraisal rights as Appendix&nbsp;E to this proxy
	 statement/prospectus.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD><B>Q:&nbsp;</B></TD>
	<TD align="left">
	<B>What are the tax consequences of the merger to Savoir
	stockholders?</B></TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>A:&nbsp;</TD>
	<TD align="left">
	The exchange of Savoir shares for Avnet shares in the merger will
	 be a tax-free transaction for federal income tax purposes for
	Savoir stockholders, except to the extent that they receive any
	cash instead of fractional Avnet shares.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD><B>Q:&nbsp;</B></TD>
	<TD align="left">
	<B>Whom should Savoir stockholders call with questions?</B></TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>A:&nbsp;</TD>
	<TD align="left">
	Savoir stockholders who have more questions about the merger
	should contact:</TD>
</TR>


</TABLE>


<P align="center">
Georgeson Shareholder Communications Inc.



<DIV align="center">
17 State Street&nbsp;&#151;&nbsp;10th Floor
</DIV>



<DIV align="center">
New York, NY 10004
</DIV>



<P align="center">
Call Toll-Free 1-800-223-2064



<DIV align="center">
or
</DIV>



<DIV align="center">
Banks and Brokers call collect 212-440-9800
</DIV>


<P align="center">-v-

<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="center"><B>Summary</B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>This summary, together with the preceding Questions and
Answers section, highlights the important information contained
in this proxy statement/ prospectus but may not contain all of
the information that may be important to you. We urge you to read
 carefully this entire proxy statement/ prospectus and the other
documents to which it refers to understand fully the merger. See
&#147;Where You Can Find More Information&#148; on page&nbsp;54.
Each item in this summary includes a page reference directing you
 to a more complete description of that item.</I>


<P align="left"><B>The Companies</B>


<P align="left"><I>&nbsp;&nbsp;Savoir Technology Group, Inc. (page&nbsp;18)</I>



<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir is a value-added wholesale distributor of commercial
mid-range servers, peripheral equipment (including wireless
networking equipment, storage products, printers and terminals)
and software. Management of Savoir believes that it is one of the
 leading distributors of the commercial mid-range servers product
 lines of International Business Machines Corporation. The
principal executive offices of Savoir are at 44951 Industrial
Boulevard, Fremont, California 94538, and its telephone number at
 that address is (510)&nbsp;413-0120.



<P align="left"><I>&nbsp;&nbsp;Avnet, Inc. (page&nbsp;18)</I>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Avnet is one of the world&#146;s largest industrial distributors
of electronic components and computer products, with net sales
for its fiscal year ended July 2, 1999 of $6.35 billion. It has
distribution operations in the Americas, Europe, South Africa and
 the Asia/ Pacific region. The principal executive offices of
Avnet are at 2211&nbsp;South 47th Street, Phoenix, Arizona 85034,
 and its telephone number at that address is (480)&nbsp;643-2000.


<P align="left"><B>The Merger (page&nbsp;20)</B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We are proposing a merger in which Tactful Acquisition Corp., a
wholly-owned subsidiary of Avnet, will merge into Savoir and will
 cease to exist, and Savoir will remain as the surviving
corporation. After the merger, Savoir will be a wholly-owned
subsidiary of Avnet.


<P align="left"><B>What You Will Receive (page 30)</B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In the merger, each share of Savoir common stock will be
converted into the right to receive between 0.15494 and 0.11452
of a share of Avnet common stock, depending upon the average of
the closing prices of Avnet common stock during the fifteen
trading days ending five trading days before the date of the
Savoir special meeting. The following table illustrates how the
average closing price of Avnet common stock will affect the
exchange ratio:

<CENTER>
<TABLE width="70%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="69%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="28%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Average</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Number of Avnet</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Closing Price of Avnet</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Shares Received for</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Common Stock</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Each Savoir Share</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Greater than $68.5472</FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	0.11452</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Greater than or equal to $50.6654 and less than or equal to
	$68.5472</FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	$7.85<BR>
	---------------------<BR>
	Average Closing Price</FONT></TD>
</TR>

<TR>
	<TD colspan="3">&nbsp;</TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Less than $50.6654</FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	0.15494</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>To illustrate, assuming an average closing price for Avnet
common stock of $59, a Savoir stockholder who owns 1,000 shares
of Savoir common stock would receive 133 shares of Avnet common
stock and a cash payment in lieu of a 0.0508 fractional share of
Avnet common stock.</I>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In the merger, each share of Savoir series A preferred stock,
other than shares held by stockholders who perfect their
appraisal rights under Delaware law, will be converted into the
right to receive a portion

<P align="center">1
<!-- PAGEBREAK -->
<P><HR noshade><P>

<DIV align="left">
of a share of Avnet common stock equal to $9.6581 divided by the
average of the closing prices of Avnet common stock during the
five trading days ending on the trading day before the effective
date of the merger.
</DIV>


<P align="left"><B>Recommendation to Savoir Stockholders (page&nbsp;22)</B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The board of directors of Savoir has determined that the merger
is fair to and in the best interests of its stockholders, and
unanimously recommends that you vote <B>&#147;FOR&#148; </B>the
adoption of the merger agreement.


<P align="left"><B>Opinion of Financial Adviser (page&nbsp;23)</B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Alliant Partners, financial adviser to Savoir, delivered an
opinion to the board of directors of Savoir as to the fairness of
 the consideration in the merger from a financial point of view.
The full text of this opinion is attached as Appendix&nbsp;D to
this proxy statement/prospectus and you should read it carefully
in its entirety to understand the procedures followed,
assumptions made, matters considered and limitations on the
review undertaken by Alliant in providing its opinion.


<P align="left"><B>Interests of Certain Persons in the Merger and Possible
Conflicts of Interest (page&nbsp;27)</B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In considering the recommendation of the Savoir board of
directors that the merger agreement be adopted, Savoir
stockholders should be aware that a number of Savoir executive
officers and directors have interests in the merger that are, or
may be, different from the interests of other Savoir
stockholders. They include the following:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	P.&nbsp;Scott Munro, the Chairman of the Board and Chief
	Executive Officer of Savoir, has an employment agreement and an
	executive retention agreement with Savoir under which, upon a
	change of control (such as the merger), Savoir will forgive a
	debt which Mr.&nbsp;Munro owes to Savoir in the amount of
	$3,600,000 plus accrued interest, and if within twelve months
	after the change of control Mr.&nbsp;Munro&#146;s employment is
	terminated without cause, or he resigns for good reason,
	Mr.&nbsp;Munro will receive a severance payment equal to 200% of
	the sum of his annual salary (which salary is currently $495,000)
	 plus his maximum incentive bonus (currently $270,000). Under the
	 agreements, if the benefits payable to Mr.&nbsp;Munro following
	a change of control would be subject to a &#147;golden
	parachute&#148; excise tax, Mr.&nbsp;Munro may require Savoir to
	reduce the amount paid to him to the extent necessary to maximize
	 his after-tax income.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="5%"></TD>
	<TD width="95%"></TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	At the time of the merger agreement, Mr.&nbsp;Munro entered into
	a consulting and noncompetition agreement with Savoir and Tactful
	 which provides that, as of and from the effective time of the
	merger, Mr.&nbsp;Munro&#146;s employment with Savoir will
	terminate and he will be entitled to all amounts and benefits
	payable to him under his employment agreement and executive
	retention agreement upon a termination after a change of control,
	 that is, Savoir will forgive his debt in full, and he will
	receive a severance payment equal to $1,530,000, all subject to
	reduction at the request of Mr.&nbsp;Munro in order to maximize
	his after-tax income.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Under an amendment of stock option agreements with
	Mr.&nbsp;Munro, Savoir has a right to repurchase
	300,000&nbsp;shares of its common stock from Mr.&nbsp;Munro at a
	price per share of $6. If the merger is completed, Savoir&#146;s
	right to repurchase the shares will lapse.</TD>
</TR>


</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	The merger will be a change in control of Savoir under the
	employment agreements of Carlton Joseph Mertens&nbsp;II,
	Savoir&#146;s President and Chief Operating Officer, Terry
	Johnson, Savoir&#146;s Chief Financial Officer and Robert
	O&#146;Reilly, Savoir&#146;s Senior Vice President of Human
	Resources, triggering rights of those officers, including the
	right to receive cash payments if their employment is terminated
	without cause at any time or if there are material reductions in
	their responsibilities following the merger, and the immediate
	vesting of all unvested employee stock options they hold.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Upon completion of the merger, Avnet will assume Savoir&#146;s
	obligations under Savoir&#146;s 1994 Stock Option Plan, so that
	the outstanding options to purchase Savoir common stock will
	become options</TD>
</TR>

</TABLE>

<P align="center">2

<!-- PAGEBREAK -->
<P><HR noshade><P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="left">
	to purchase Avnet shares in a number and at an exercise price
	adjusted to reflect the exchange ratio for the merger.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Avnet has agreed to preserve indemnification rights of
	Savoir&#146;s directors and officers for serving in their
	capacities as such and has agreed to maintain their
	directors&#146; and officers&#146; liability insurance coverage
	not less than four years following the merger.</TD>
</TR>


</TABLE>

<P align="left"><B>The Special Meeting</B>


<P align="left"><I>&nbsp;&nbsp;Time, Place and Matters to Be Voted Upon
(page&nbsp;13)</I>



<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The special meeting of Savoir&#146;s stockholders will be held on
 June&nbsp;29, 2000 at 10:00&nbsp;a.m., local time, at
Savoir&#146;s offices at 44951&nbsp;Industrial Boulevard,
Fremont, California 94538. At the special meeting, you will be
asked:

<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="94%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>1.&nbsp;</TD>
	<TD align="left">
	to adopt the merger agreement; and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>2.&nbsp;</TD>
	<TD align="left">
	to act on any other business that may properly come before the
	special meeting or any adjournments, postponements, continuations
	 or reschedulings of it.</TD>
</TR>

</TABLE>


<P align="left"><I>&nbsp;&nbsp;Record Date and Vote Required (page&nbsp;13)</I>



<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
You may cast one vote for each share of common stock of Savoir,
and 1.1953125 votes for each share of Savoir series A preferred
stock, that you owned at the close of business on May&nbsp;23,
2000, the record date for the special meeting. Adoption of the
merger agreement requires approval by a majority of the votes
represented by all shares of Savoir series A preferred stock and
Savoir common stock outstanding on the record date, voting
together as a single class.



<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
On May&nbsp;23, 2000 there were 13,611,156 shares of Savoir
common stock, and 1,850,012 shares of Savoir series A preferred
stock outstanding and entitled to vote. Thus, a maximum of
15,822,482 votes may be cast at the special meeting. As of the
record date, all directors and executive officers of Savoir
beneficially owned an aggregate of 2,087,490 outstanding shares
of Savoir common stock (not including shares issuable upon
exercise of stock options), which entitle them to cast
approximately 13.19% of all votes which may be cast at the
special meeting. Avnet entered into an inducement agreement with
directors and executive officers holding 2,082,034 shares of
Savoir common stock, in which those stockholders granted Avnet an
 irrevocable proxy to vote all of their shares in favor of the
adoption of the merger agreement. See &#147;Other
Agreements&#148; page&nbsp;37.


<P align="left"><B>The Merger Agreement</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>The merger agreement is attached to this proxy
statement/prospectus as Appendix&nbsp;A. Please read the merger
agreement carefully and in its entirety. It is the legal document
 that governs the merger.</I>


<P align="left"><I>&nbsp;&nbsp;Effective Time of the Merger (page&nbsp;31)</I>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The merger will become effective as soon as practicable after all
 the conditions to the completion of the merger have been
satisfied or waived. Although we can give you no assurances, we
currently expect that the merger will become effective shortly
after the conclusion of the special meeting if the Savoir
stockholders adopt the merger agreement.

<P align="center">3
<!-- PAGEBREAK -->
<P><HR noshade><P>


<P align="left"><I>&nbsp;&nbsp;Conditions to the Merger (page&nbsp;32)</I>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The completion of the merger depends on a number of conditions
being satisfied or, where applicable, waived, including:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	approval of the merger agreement by the stockholders of Savoir;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the accuracy in all material respects of the representations and
	warranties of Avnet and Savoir and compliance in all material
	respects by each of them with of all its covenants under the
	merger agreement;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	receipt of legal opinions confirming that the United States
	federal income tax treatment will be as described in this
	document; and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	receipt of all approvals required by law.</TD>
</TR>

</TABLE>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We furnished information and materials concerning Avnet, Savoir
and the proposed merger to the Antitrust Division of the
Department of Justice and the Federal Trade Commission under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976, and the
required waiting period has terminated. However, the Antitrust
Division and the Federal Trade Commission still have the power to
 challenge the merger on antitrust grounds before or after the
merger is completed. No other material federal or state
regulatory requirements remain to be complied with, and no other
federal or state regulatory approval must be obtained, in
connection with the merger.



<P align="left"><I>&nbsp;&nbsp;Termination (page&nbsp;35)</I>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Avnet and Savoir may agree in writing to terminate the merger
agreement at any time before completing the merger, even after
the stockholders of Savoir have approved it.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Also, either of us may decide, without consent of the other, to
terminate the merger agreement if:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	any governmental entity has issued a final and non-appealable
	order prohibiting any of the transactions contemplated by the
	merger agreement;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the merger has not been completed by September&nbsp;15, 2000;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Savoir fails to hold the special meeting or the Savoir
	stockholders do not adopt the merger agreement; or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the other breaches any representation, warranty, covenant,
	agreement, condition or obligation in the merger agreement, and
	the breach or failure of the covenant, agreement, condition or
	obligation has or is likely to have a material adverse effect on
	the breaching party.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir may terminate the merger agreement without the consent of
Avnet for the purpose of entering into an agreement for an
acquisition proposal superior to the merger with Avnet.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Avnet may terminate the merger agreement without the consent of
Savoir if the board of directors of Savoir withdraws or adversely
 amends its recommendation of the merger agreement to the Savoir
stockholders or recommends to them another acquisition proposal.


<P align="left"><I>&nbsp;&nbsp;Fees and Expenses (page&nbsp;36)</I>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Whether or not the merger is completed, Avnet and Savoir each
will pay their own fees and expenses.


<P align="left"><I>&nbsp;&nbsp;Termination Fee (page&nbsp;36)</I>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir will pay Avnet $750,000 in cash if:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Avnet terminates the merger agreement because the Savoir
	stockholders have not adopted the merger agreement, or because of
	 a breach by Savoir of any of its representations, warranties and
	 covenants in the merger agreement which has or would reasonably
	be likely to have a material</TD>
</TR>

</TABLE>

<P align="center">4

<!-- PAGEBREAK -->
<P><HR noshade><P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="left">
	adverse effect on Savoir, or because the board of directors of
	Savoir has withdrawn or adversely amended its recommendation of
	the merger agreement to the Savoir stockholders or recommended
	another acquisition proposal for Savoir; or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Savoir terminates the merger agreement because the Savoir
	stockholders have not adopted the merger agreement, or Savoir
	terminates the merger agreement for the purpose of entering into
	a superior acquisition proposal;</TD>
</TR>

</TABLE>

<P align="left">
and, in each case, Savoir and its stockholders have received
another acquisition proposal.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir will pay to Avnet an amount in cash equal to $4,500,000,
less any previous payment of $750,000 as described above, if the
merger agreement is terminated:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	as described above; or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	by Avnet if the merger has not been consummated by
	September&nbsp;15, 2000;</TD>
</TR>

</TABLE>

<P align="left">
and, in either case, within one year of such termination, Savoir
enters into an agreement to effect another acquisition proposal.


<P align="left"><B>Other Agreements (page&nbsp;37)</B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
At the same time as Avnet and Savoir first executed and delivered
 the merger agreement,
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Avnet and Savoir entered into an option agreement under which
	Savoir granted Avnet an option to purchase up to 2,023,435 shares
	 of Savoir common stock, representing about 15% of the
	outstanding shares of Savoir common stock, at an exercise price
	of $6.83 per share, and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Avnet entered into an inducement agreement with directors and
	executive officers holding 2,082,034 shares Savoir common stock,
	representing about 15% of the outstanding shares of Savoir common
	 stock, in which those stockholders granted Avnet a proxy to vote
	 their shares in favor of adoption of the merger agreement and
	granted Avnet an option to purchase those shares at an exercise
	price of $7.85 per share.</TD>
</TR>


</TABLE>


<P align="left"><B>Material Federal Income Tax Consequences of the Merger
(page&nbsp;38)</B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In general, Savoir stockholders will recognize no gain or loss
for federal income tax purposes as a result of the merger.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Avnet and Savoir have conditioned the merger on their receipt of
legal opinions that the merger will be treated for federal income
 tax purposes as a &#147;reorganization&#148; within the meaning
of Section&nbsp;368(a) of the Internal Revenue Code of 1986.
Avnet and Savoir each could choose to waive receipt of its legal
opinion. However, if the receipt of a legal opinion is waived and
 there is a material difference in the tax consequences to you
from what we have described in this document, we will recirculate
 revised proxy materials and resolicit the vote of stockholders.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>This tax treatment may not apply to certain Savoir
stockholders and may depend on your specific situation and on
variables not within our control. We urge you to consult your own
 tax adviser for a full understanding of the tax consequences of
the merger.</I>


<P align="left"><B>Comparison of Shareholders&#146; Rights (page&nbsp;40)</B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The rights of Savoir stockholders currently are governed by
Delaware law, the Savoir certificate of incorporation and the
Savoir by-laws. Savoir stockholders will receive Avnet common
stock in the merger, so that after the merger their rights as
Avnet shareholders will be governed by New York law, the Avnet
certificate of incorporation and the Avnet by-laws, which differ
in material respects from Savoir&#146;s certificate of
incorporation and by-laws.

<P align="center">5

<!-- PAGEBREAK -->
<P><HR noshade><P>


<P align="left"><B>Listing of Avnet Common Stock (page&nbsp;39)</B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Avnet common stock is listed on the New York Stock Exchange
and the Pacific Exchange under the symbol &#147;AVT.&#148; After
consummation of the merger, the Avnet common stock will continue
to be listed on these Exchanges.


<P align="left"><B>Appraisal Rights (page&nbsp;43)</B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A holder of series A preferred stock who delivers to Savoir a
written demand for appraisal before the vote at the special
meeting, who does not vote in favor of adopting the merger
agreement, and who complies with all other applicable
requirements of Delaware law will have the right to receive
payment in cash of the &#147;fair value&#148; of his shares of
series A preferred stock, as determined in a judicial proceeding
in the Court of Chancery of the State of Delaware. The procedure
for perfecting appraisal rights is summarized under the caption
&#147;Appraisal Rights&#148; and the pertinent provision of
Delaware law, Section&nbsp;262 of the General Corporation Law, is
 included as Appendix&nbsp;E to this proxy statement/ prospectus.
 Holders of Savoir common stock will not have appraisal rights
with respect to the merger.

<P align="left"><B>Resales of Avnet Common Stock</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The shares of Avnet common stock to be issued in the merger have
been registered under the Securities Act of 1933 and therefore
may be resold without restriction by all former stockholders of
Savoir who are not deemed to be &#147;affiliates&#148; of either
Avnet or Savoir. An affiliate of Savoir who receives shares of
Avnet common stock in the merger would be unable to resell those
shares in the absence of registration of such resales under the
Securities Act or the availability of an exemption from such
registration.

<P align="center">6
<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="center"><B>Selected Financial Information</B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The following tables present selected historical financial
information of Savoir and Avnet. This information is based on the
 consolidated financial statements of Avnet and Savoir which are
incorporated by reference in this proxy statement/prospectus, and
 should be read together with such historical financial
statements and the notes thereto. See &#147;Sources of Additional
 Information&#148; (page&nbsp;ii) and &#147;Where You Can Find
More Information&#148; (page&nbsp;54).


<P align="center"><B>Avnet, Inc.</B>


<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="3%">&nbsp;</TD>
	<TD width="27%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="4%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD colspan="7"></TD>
	<TD></TD>
	<TD colspan="19"></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="7"><FONT size="2"><B>Nine months ended</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="19"><FONT size="2"><B>Fiscal year ended</B></FONT></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="7"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="19"><HR size="1"></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>March&nbsp;31,</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>April&nbsp;2,</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>July&nbsp;2,</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>June&nbsp;26,</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>June&nbsp;27,</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>June&nbsp;28,</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>June&nbsp;30,</B></FONT></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>2000</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>1999</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>1999</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>1998</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>1997</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>1996</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>1995</B></FONT></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD colspan="27"></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="27"><FONT size="2"><B>(In millions, except per share amounts)</B></FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Income:</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Sales</FONT></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">6,443.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">4,707.7</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">6,350.0</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">5,916.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">5,390.6</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">5,207.8</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">4,300.0</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Gross profit</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">894.4</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(2)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">704.5</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(3)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">948.6</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(4)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">980.4</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(5)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">961.8</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">969.1</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">816.4</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Income taxes</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">61.1</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(2)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">51.7</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(3)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">200.8</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(4)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">115.9</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(5)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">130.7</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">136.8</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">103.1</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Net income</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">78.6</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(2)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">67.9</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(3)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">174.5</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(4)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">151.4</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(5)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">182.8</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">188.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">140.3</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Financial position (at end of period):</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Working capital</FONT></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1,992.4</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1,496.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1,517.5</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1,461.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1,319.0</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1,293.9</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1,057.1</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Total assets</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">4,934.7</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">2,795.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">2,984.7</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">2,733.7</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">2,594.1</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">2,521.7</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">2,125.6</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Total debt</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1,857.7</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">920.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">791.5</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">810.9</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">514.6</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">497.5</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">419.5</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Shareholders&#146; equity</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1,836.2</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1,300.5</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1,397.6</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1,315.9</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1,502.2</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1,505.2</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1,239.4</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Per share:</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Basic earnings(1)</FONT></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1.96</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(2)</FONT></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1.90</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(3)</FONT></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">4.90</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(4)</FONT></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">3.85</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(5)</FONT></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">4.29</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">4.34</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">3.44</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Diluted earnings(1)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1.94</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(2)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1.88</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(3)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">4.86</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(4)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">3.80</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(5)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">4.25</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">4.31</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">3.32</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Book value</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">41.73</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">37.00</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">39.70</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">36.09</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">36.55</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">34.67</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">30.38</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Cash dividends</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.45</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.45</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.60</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.60</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.60</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.60</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.60</FONT></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>


<DIV align="left">
<HR size="1" width="18%" align="left">
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="4%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>(1)&nbsp;</TD>
	<TD align="left">
	Earnings per share have been restated to conform with the
	provisions of SFAS No.&nbsp;128, &#147;Earnings Per Share.&#148;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>(2)&nbsp;</TD>
	<TD align="left">
	After incremental special charges associated with (a)&nbsp;the
	reorganization of Avnet&#146;s Electronics Marketing European
	operations amounting to $6.1 pre-tax, (b)&nbsp;the integration of
	 Marshall Industries amounting to $18.4 pre-tax, (c)&nbsp; the
	reorganization of Avnet&#146;s Electronics Marketing Asian
	operations amounting to $5.4 pre-tax, (d)&nbsp;the consolidation
	of Avnet&#146;s Electronics Marketing European warehousing
	operations and its lawsuit against Wyle Laboratories, Inc.
	amounting to $4.2 pre-tax, (e)&nbsp;the integration of
	Eurotronics B.V. and SEI Macro Group into Avnet&#146;s
	Electronics Marketing European operations amounting to $10.1
	pre-tax, (f)&nbsp;the integration of JBA Computer Solutions into
	Avnet&#146;s Computer Marketing North American operations
	amounting to $3.2 pre-tax and (g)&nbsp;costs related to the
	consolidation of Avnet&#146;s Electronics Marketing European
	warehousing operations amounting to $1.6 pre-tax. The effect of
	these charges was to decrease income before taxes, net income and
	 diluted earnings per share by $49.0, $30.4 and $0.76,
	respectively. Of the $49.0 pre-tax charge, $37.2 is included in
	operating expenses and $11.8 is included in cost of sales.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>(3)&nbsp;</TD>
	<TD align="left">
	After $26.5 pre-tax ($7.9 cost of sales and $18.6 operating
	expenses) and $15.7 after-tax ($0.43 per share on a diluted
	basis) of incremental special charges associated principally with
	 the reorganization of Avnet&#146;s Electronics Marketing Group
	in Europe.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>(4)&nbsp;</TD>
	<TD align="left">
	After (a)&nbsp;first half special charges discussed in footnote
	(3), (b)&nbsp;net gain on the sale of Avnet&#146;s former Allied
	Electronics subsidiary amounting to $252.3 pre-tax and
	(c)&nbsp;charges recorded in connection with the disposition of
	the Avnet Setron catalog operation in Germany amounting to $42.8
	pre-tax. The effect of these items was to increase income before
	taxes, net income and diluted earnings per share by approximately
	 $183.0, $64.0 and $1.78, respectively. Of the $183.0 pre-tax
	gain related to special items, charges of $56.1 are included in
	operating expenses and $13.1 are included in</TD>
</TR>

</TABLE>

<P align="center">7
<!-- PAGEBREAK -->
<P><HR noshade><P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="4%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD></TD>
	<TD align="left">
	cost of sales, and the $252.3 net pre-tax gain on the sale of
	Allied Electronics is shown separately in Avnet&#146;s
	consolidated statement of income for fiscal 1999.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>(5)&nbsp;</TD>
	<TD align="left">
	After (a)&nbsp;gain on sale of Channel Master amounting to $33.8
	pre-tax, (b)&nbsp; operating expenses relating to the divestiture
	 of Avnet Industrial, the closure of Avnet&#146;s corporate
	headquarters in Great Neck, New York and the anticipated loss on
	the sale of company-owned real estate amounting to $13.3 in the
	aggregate and (c)&nbsp; $35.4 pre-tax ($9.7 cost of sales and
	$25.7 operating expenses) of incremental special charges
	associated with the reorganization of the Electronics Marketing
	Group, primarily in the Americas. The effect of these items was
	to decrease income before taxes, net income and diluted earnings
	per share by approximately $14.9, $12.5 and $0.32, respectively.</TD>
</TR>

</TABLE>

<P align="center"><B>Savoir Technology Group, Inc.</B>


<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="3%">&nbsp;</TD>
	<TD width="35%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="4%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="4%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD colspan="7"></TD>
	<TD></TD>
	<TD colspan="19"></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="7"><FONT size="2"><B>Three months ended</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="19"><FONT size="2"><B>Year ended December&nbsp;31,</B></FONT></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="7"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="19"><HR size="1"></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>March&nbsp;31,</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>March&nbsp;31,</B></FONT></TD>
	<TD></TD>
	<TD colspan="19"></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>2000</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>1999</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>1999(3)</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>1998(4)</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>1997</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>1996</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>1995</B></FONT></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD colspan="27"></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="27"><FONT size="2"><B>(In millions, except per share amounts)</B></FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Income:</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Sales</FONT></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">193.9</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">168.6</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">767.2</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">593.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">237.9</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">131.7</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">106.5</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Gross profit</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">18.8</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">19.1</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">84.0</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">67.2</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">32.8</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">17.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">13.0</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Income taxes</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1.4</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">2.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">6.9</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">8.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">&#151;</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Net income (loss) before extraordinary item</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">2.0</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">2.4</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1.8</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">8.6</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">3.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">2.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">(5.1</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">)</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Financial position (at end of period):</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Working capital</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">12.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">4.2</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">5.6</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">3.5</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">6.5</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">7.4</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">7.3</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Total assets</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">315.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">291.7</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">324.7</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">308.9</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">186.9</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">63.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">35.9</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Total debt</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">44.0</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">38.7</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">28.4</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">23.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">37.9</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">11.4</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">7.2</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Convertible preferred stock subject to redemption</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">14.6</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">15.7</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">14.6</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">15.7</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">18.1</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">&#151;</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">&#151;</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Stockholders&#146; equity</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">102.0</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">92.3</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">98.2</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">77.8</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">28.9</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">15.7</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">11.0</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Per share attributable to common stockholders:</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Basic earnings (loss) before extraordinary item(1)</FONT></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.12</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.18</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.03</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.37</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.57</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.55</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">(1.36</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">)</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Diluted earnings (loss) before extraordinary item(1)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.12</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.17</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.03</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.34</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.55</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.52</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">(1.36</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">)</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Book value per common share on an as-if converted basis(2)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">7.39</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">7.76</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">7.34</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">7.35</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">6.15</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">3.50</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">2.74</FONT></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>


<DIV align="left">
<HR size="1" width="18%" align="left">
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="4%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>(1)&nbsp;</TD>
	<TD align="left">
	Earnings per share have been restated to conform with the
	provisions of SFAS No.&nbsp;128, &#147;Earnings Per Share.&#148;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>(2)&nbsp;</TD>
	<TD align="left">
	Includes shares of convertible preferred stock subject to
	redemption on an as-if converted basis into shares of common
	stock.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>(3)&nbsp;</TD>
	<TD align="left">
	Income and earnings per share for 1999 include pre-tax charges
	totalling $11.3 relating to the restructuring of corporate
	functions and the recognition of impaired assets. The effect of
	these charges was to decrease income before income taxes, net
	income (using a normalized tax rate of 49%), and diluted earnings
	 per share by $11.3, $5.7 and $0.44, respectively.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>(4)&nbsp;</TD>
	<TD align="left">
	Income and earnings per share for 1998 are before an
	extraordinary item relating to prepayment of debt.</TD>
</TR>

</TABLE>

<P align="center">8

<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="center"><B>Summary Historical and Pro Forma Per Share Data</B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The following table presents selected pro forma per share data
for Avnet and Savoir on an historical basis, for Avnet and Savoir
 on a pro forma basis giving effect to the merger, and for Savoir
 common stock on a pro forma equivalent share basis. The pro
forma equivalent share data for Savoir common stock is based on
an exchange of 0.13170 of a share of Avnet common stock for each
outstanding share of Savoir common stock in the merger. This
would be the exchange ratio if the average closing price of a
share of Avnet common stock during the fifteen trading days
ending five trading days before the date of the special meeting
were $59.6063, the midpoint between the range of $50.6654 and
$68.5472 in the exchange ratio formula. Management of Avnet and
Savoir are currently assessing non-recurring merger charges which
 could be material to the combined companies&#146; results of
operations and financial condition for the period in which the
charges occur. No estimate of these charges is reflected in the
Historical and Pro Forma Per Share Data provided below. In
addition, the Historical and Pro Forma Per Share Data provided
below reflect assumptions that (a)&nbsp;the value of Avnet shares
 for the purpose of determining the purchase price is $59.6063,
(b)&nbsp;outstanding Savoir stock options and warrants are
exercised immediately prior to the merger and the exercise
proceeds are used to repurchase shares of Savoir stock and
(c)&nbsp;convertible preferred stock subject to redemption is
exchanged for common stock at the beginning of the period. See
&#147;The Merger Agreement&nbsp;&#151; Terms of the Merger&#148;
on pages 30 through 31.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The merger will be accounted for under the purchase accounting
method and the pro forma data are derived in accordance with that
 method. The following information is based upon the historical
financial statements of Avnet and Savoir and the related notes
incorporated by reference into this proxy statement/prospectus,
and should be read together with such historical financial
statements and the notes thereto. This information is not
necessarily indicative of the results of the future operations of
 Avnet after the merger or the actual results that would have
occurred had the merger been consummated prior to the periods
indicated.

<P align="center"><B>Historical And Pro Forma</B>

<DIV align="center">
<B>Per Share Data</B>
</DIV>


<CENTER>
<TABLE width="90%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="3%">&nbsp;</TD>
	<TD width="56%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="9%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="8%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="8%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="8%">&nbsp;</TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Nine months ended</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Fiscal year ended</B></FONT></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>March 31, 2000</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>July 2, 1999</B></FONT></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
</TR>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	<B>Avnet, Inc.</B></FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	<B>Book value </B>(at end of period):</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Historical</FONT></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">41.73</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">39.70</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Pro forma combined</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">42.56</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">40.81</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Pro forma per equivalent share of Savoir common stock</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">5.61</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">5.37</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	<B>Cash dividends declared:</B></FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Historical</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.45</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.60</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Pro forma combined(1)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.43</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.57</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Pro forma per equivalent share of Savoir common stock</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.06</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.08</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	<B>Earnings from continuing operations (diluted):</B></FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Historical(2)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1.94</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">4.86</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Pro forma combined</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1.89</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">4.99</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Pro forma per equivalent share of Savoir common stock(3)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.25</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.66</FONT></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>



<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="58%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="9%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="9%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="8%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="8%">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Three months ended</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Fiscal year ended</B></FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>March&nbsp;31, 2000</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>December 31, 1999</B></FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	<B>Savoir Technology Group, Inc.</B></FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Book value per common share on an as-if converted basis(5) (at
	end of period)</FONT></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">7.39</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">7.34</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Diluted earnings per share from continuing operations
	attributable to common stockholders</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.12</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">0.03</FONT></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>


<P align="center">9
<!-- PAGEBREAK -->
<P><HR noshade><P>

<CENTER>
<TABLE width="90%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="3%">&nbsp;</TD>
	<TD width="62%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="10%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="9%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>March&nbsp;1,</B></FONT></TD>
	<TD></TD>
	<TD colspan="3"></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>2000(4)</B></FONT></TD>
	<TD></TD>
	<TD colspan="3"></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD colspan="3"></TD>
</TR>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	<B>Closing price:</B></FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Avnet common stock</FONT></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">65&nbsp;7/16</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Savoir common stock</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Per share</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">8&nbsp;1/4</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Per equivalent share of Avnet common stock</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">7.85</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<DIV align="left">
<HR size="1" width="18%" align="left">
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="4%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>(1)&nbsp;</TD>
	<TD align="left">
	Based on the total historical dividends paid by Avnet (Savoir has
	 not paid dividends), divided by the pro forma weighted average
	number of shares outstanding as if the merger had occurred at the
	 beginning of the period.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>(2)&nbsp;</TD>
	<TD align="left">
	See footnotes&nbsp;2, 3 and 4 accompanying the Selected Financial
	 Information of Avnet on page&nbsp;7 of this proxy statement/
	prospectus.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>(3)&nbsp;</TD>
	<TD align="left">
	Before non-recurring charges and credits directly attributable to
	 the merger.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>(4)&nbsp;</TD>
	<TD align="left">
	The last trading day preceding the date on which the proposed
	general terms of the merger were publicly announced. The closing
	price of Savoir common stock per equivalent share of Avnet common
	 stock was calculated by multiplying the closing price of Avnet
	common stock by the exchange ratio which would have applied if
	the merger had become effective on that date. The Avnet common
	stock is listed on the New York Stock Exchange and the Pacific
	Exchange, and the Savoir common stock is quoted on the Nasdaq
	National Stock Market. See &#147;Market Price and Dividend
	Information&#148; on page&nbsp;17.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>(5)&nbsp;</TD>
	<TD align="left">
	Includes shares of Savoir convertible preferred stock subject to
	redemption on as-if converted basis into shares of Savoir common
	stock.</TD>
</TR>

</TABLE>

<P align="center">10

<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="center"><B>Risk Factors</B>

<P align="left"><B><I>Savoir common stockholders cannot be sure what the market
value of their Avnet common stock will be after the merger has
been completed.</I></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Avnet and Savoir agreed that the value of a share of Savoir
common stock on March&nbsp;2, 2000, the date on which they signed
 the merger agreement, was $7.85. However, if the market value of
 Avnet common stock on the effective date of the merger is lower
than the average closing price used to determine the merger
exchange ratio, holders of Savoir common stock would receive
Avnet common stock in the merger with an initial value less than
$7.85 per share of Savoir common stock. For example, if the
average closing price of Avnet common stock used to calculate the
 exchange ratio is less than $50.6654, the exchange ratio will be
 fixed at 0.15494. If this occurs, and the market price of Avnet
common stock at the effective time of the merger is less than
$50.6654, the initial value of the Avnet common stock to be
received by Savoir common stockholders will be less than $7.85
for each share of Savoir common stock. Even if the average
trading price used to determine the exchange ratio is greater
than $50.6654, Savoir common stockholders could still receive
Avnet common stock with an initial value of less than $7.85 for
each share of Savoir common stock.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The market prices of Avnet common stock and Savoir common stock,
and the value of Avnet common stock relative to Savoir common
stock, may be substantially different on the date the merger
agreement was signed, the date of this proxy statement/
prospectus, the date of the special meeting and the effective
date of the merger. For example, during the first calendar
quarter of 2000, the closing price of a share of Avnet common
stock ranged from a low of $50 to a high of $73&nbsp;1/2, as
reported for New York Stock Exchange composite transactions, and
the closing price of a share of Savoir common stock ranged from a
 low of $6 to a high of $8&nbsp;5/8, as quoted on the Nasdaq
National Stock Market. See &#147;Market Price and Dividend
Information&#148; on page&nbsp;17. These market prices may vary
depending upon changes in the business, operations or prospects
of Savoir or Avnet, market assessments of the likelihood that the
 merger will be consummated and the timing thereof, general
market and economic conditions and other factors both within and
beyond the control of Savoir and Avnet.


<P align="left"><B><I>Avnet may not realize fully the cost savings and other
benefits it expects to realize as a result of the merger. This
may adversely affect Avnet&#146;s earnings and financial
condition.</I></B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To achieve the benefits which Avnet expects from the merger,
Avnet will need to integrate the operations of Savoir into its
own operations quickly and efficiently. The integration of Savoir
 into Avnet will be complex and time consuming, and will require
substantial attention from Avnet management. The diversion of
management attention from other matters, and any difficulties
encountered in the integration process, could have a material
adverse effect upon the sales, level of expenses, operating
results and financial condition of Avnet. See &#147;The
Merger&nbsp;&#151; Savoir&#146;s Reasons for the Merger;
Recommendations of the Savoir Board of Directors&#148; on
page&nbsp;22 and &#147;The Merger&nbsp;&#151; Avnet&#146;s
Reasons for the Merger&#148; on page&nbsp;23.


<P align="left"><B><I>After the merger, customers of Avnet may seek alternative
distributors.</I></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
After the merger, some customers of either Avnet and Savoir could
 transfer their business to another distributor. We cannot
predict whether this will occur or to what extent.

<P align="left"><B><I>After the merger, suppliers may terminate supply agreements
 with Avnet or add other distributors.</I></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Some suppliers of Savoir or Avnet may terminate their supply
agreements with Avnet after the merger. Alternatively, some other
 suppliers might consider adding additional distributors for
their products. We cannot predict whether this will occur or to
what extent.

<P align="center">11

<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="center"><B>Cautionary Statement Regarding Forward-Looking Statements</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
This proxy statement/ prospectus contains forward-looking
statements with respect to the financial condition, results of
operations and business of each of Savoir and Avnet. These
statements may be made directly in this proxy statement/
prospectus referring to Savoir or Avnet, or may be incorporated
by reference in this proxy statement/ prospectus to other
documents filed with the Securities and Exchange Commission by
Savoir or Avnet, and may include statements for the period
following the consummation of the merger. You can find many of
these statements by looking for words like &#147;believes,&#148;
&#147;expects,&#148; &#147;anticipates,&#148;
&#147;estimates&#148; or similar expressions in this document or
in documents incorporated by reference.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
These forward-looking statements are subject to numerous
assumptions, risks and uncertainties. Factors that may cause
actual results to differ materially from those contemplated by
the forward-looking statements include the following:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Competitive pressures among distributors of electronic components
	 and computer products may increase significantly through
	industry consolidation, entry of new competitors or otherwise.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	General economic or business conditions, domestic and foreign,
	may be less favorable than expected, resulting in lower sales
	than expected.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Costs or difficulties related to the integration into Avnet of
	newly-acquired businesses, and other businesses Avnet expects to
	acquire, may be greater than expected.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Avnet may lose customers or suppliers as a result of the merger
	and other recent acquisitions by Avnet.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Legislative or regulatory changes may adversely affect the
	businesses in which Avnet is engaged.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Adverse changes may occur in the securities markets.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Changes in interest rates and currency fluctuations may reduce
	profit margins.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Avnet may be adversely affected by the allocation of products by
	suppliers.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Because forward-looking statements are subject to risks and
uncertainties, Avnet&#146;s actual results may differ materially
from those expressed or implied by them. We caution you not to
place undue reliance on these statements, which speak only as of
the date of this proxy statement/ prospectus or the date of any
document incorporated by reference in this proxy statement/
prospectus.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
All subsequent written and oral forward-looking statements
attributable to Savoir and Avnet or any person acting on their
behalf are expressly qualified in their entirety by the
cautionary statements contained or referred to in this section.
Neither Savoir nor Avnet undertakes any obligation to update
publicly or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.

<P align="center">12

<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="center"><B>The Special Meeting</B>

<P align="left"><B>General; Date, Time and Place</B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We are soliciting the accompanying proxy on behalf of the board
of directors of Savoir Technology Group, Inc. for use at the
special meeting of Savoir stockholders scheduled to be held on
June&nbsp;29, 2000 at 10:00&nbsp;a.m., local time, at
Savoir&#146;s offices at 44951 Industrial Boulevard, Fremont,
California 94538. The purpose of the special meeting is to
consider and to vote upon the adoption of the merger agreement
and to transact any other business that may properly come before
the meeting or any adjournments, postponements, continuations or
reschedulings of the meeting. The expenses of the solicitation of
 proxies for the special meeting will be borne by Savoir.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>The board of directors of Savoir Technology Group, Inc. has
unanimously approved the merger agreement and recommends that
Savoir stockholders vote FOR the adoption of the merger
agreement.</B>

<P align="left"><B>Record Date; Vote Required</B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Record Date. </I>The Savoir board of directors has fixed the
close of business on May&nbsp;23, 2000 as the record date for the
 determination of stockholders entitled to receive notice of and
to vote at the special meeting. On the record date, there were
13,611,156 shares of Savoir common stock and 1,850,012 shares of
series&nbsp;A preferred stock issued and outstanding. You may
vote at the meeting only if you owned Savoir common stock or
series A preferred stock at the close of business on the record
date. You are entitled to one vote for each share of common stock
 and 1.1953125 votes for each share of series&nbsp;A preferred
stock which you then owned.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Quorum. </I>The presence either in person or by properly
executed proxies of the holders of Savoir&#146;s common stock and
 series&nbsp;A preferred stock representing a majority of the
votes which may be cast at the special meeting will constitute a
quorum at the special meeting.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Vote Required. </I>The adoption of the merger agreement
requires the affirmative vote of a majority of the votes
represented by all shares of Savoir common stock and series A
preferred stock outstanding at the close of business on the
record date, voting as a single class. That is, at least
7,911,242 votes out of a total of 15,822,482 votes will be
required.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Abstentions and Broker Non-Votes. </I>Brokers who hold shares
of Savoir common stock and series A preferred stock in
&#147;street&#148; name for customers who are the beneficial
owners of such shares may not give a proxy to vote such shares
with respect to the proposal to adopt the merger agreement unless
 the brokers receive specific voting instructions from such
customers. Shares of Savoir common stock and series A preferred
stock represented by proxies returned by a broker holding such
shares in nominee or &#147;street&#148; name will be counted for
purposes of determining whether a quorum exists, even if such
shares are not voted. Votes which are not cast by brokers because
 they received no instructions from their customers are known as
&#147;broker non-votes.&#148;

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Because approval of the merger agreement requires approval by
a majority of the votes represented by all outstanding shares of
Savoir common stock and series A preferred stock, abstentions and
 broker non-votes will have the same effect as negative votes.
Accordingly, the Savoir board of directors urges Savoir
stockholders to respond to this proxy solicitation, whether by
U.S.&nbsp;mail via the enclosed, postage-paid envelope or by
telephone toll free, or by instructions given to your broker.</I>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Directors&#146; and Officers&#146; Votes. </I>As of the record
 date, 2,087,490 issued and outstanding shares of Savoir common
stock, representing in the aggregate approximately 13.19% of the
votes which may be cast at the special meeting, were owned by
directors and executive officers of Savoir. Each of Angelo
Guadagno, Michael N. Gunnells, Guy M. Lammle, Joseph Carlton
Mertens&nbsp;II, P.&nbsp;Scott Munro, Robert O&#146;Reilly, K.
William Sickler and J.&nbsp;Larry Smart has granted to Avnet an
irrevocable proxy to vote his shares in favor of the adoption of
the merger agreement. See &#147;Other Agreements&#148; on
page&nbsp;37.


<P align="center">13
<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="left"><B>Voting and Revocation of Proxies</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir stockholders of record may submit proxies by completing
and mailing the proxy card that accompanies this proxy statement/
 prospectus or by submitting their voting instructions by
telephone. Shares of Savoir common stock and series A preferred
stock represented by a proxy properly signed or submitted by
telephone as described below and received by Savoir at or before
the special meeting, unless subsequently revoked, will be voted
in accordance with your instructions.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
To submit a written proxy by mail, a record holder of Savoir
common stock or series A preferred stock should complete, sign,
date and mail the proxy card provided with this proxy statement/
prospectus in accordance with the instructions set forth on the
card. If a proxy card is signed, dated and returned without
indicating any voting instructions, shares of Savoir common stock
 or series&nbsp;A preferred stock represented by the proxy will
be voted <B>&#147;FOR&#148; </B>the adoption of the merger
agreement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Instead of submitting a signed proxy card, Savoir stockholders of
 record may also submit their voting instructions by telephone.
To submit voting instructions by telephone, stockholders should
follow the instructions that are set forth on their proxy card.
Each stockholder of record has been assigned a unique control
number which is printed on the holder&#146;s proxy card.
Stockholders who submit proxies by telephone will be required to
provide their control number before their proxy will be accepted.
 In addition to the instructions that appear on the proxy card,
step-by-step instructions will be provided by recorded telephone
message, and stockholders will receive confirmation that their
proxies have been successfully submitted.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Beneficial owners whose shares are held of record by a broker,
nominee, fiduciary or other custodian should follow the
instructions they receive from the record holder of their shares
with respect to voting.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A Savoir stockholder may revoke the stockholder&#146;s proxy and
change the stockholder&#146;s vote, at any time before the
meeting, in any one of three ways:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	The stockholder may send a written notice of revocation to the
	Corporate Secretary of Savoir at 44951 Industrial Boulevard,
	Fremont, California 94538, in time for it to be received before
	the meeting.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	The stockholder may complete and submit by mail a new proxy card
	or submit a proxy with new voting instructions by telephone. The
	latest dated proxy actually received by mail or telephone before
	the special meeting will be recorded and any earlier votes will
	be revoked.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	The stockholder may attend the special meeting and vote in
	person. However, simply attending the special meeting without
	voting will not revoke the stockholder&#146;s proxy.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Savoir board of directors is not currently aware of any
business to be acted upon at the special meeting other than the
merger agreement. If, however, other matters are properly brought
 before the meeting, the persons appointed as proxies will have
discretion to vote or to act according to their best judgment,
unless otherwise indicated on any particular proxy. The persons
appointed as proxies will have discretion to vote on adjournment
of the special meeting. The adjournment may be for the purpose of
 soliciting additional proxies. However, shares represented by
proxies voting against adoption of the merger agreement will be
voted against a proposal to adjourn the Savoir special meeting
for the purpose of soliciting additional proxies.

<P align="left"><B>Solicitation of Proxies</B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir will solicit proxies for the special meeting primarily by
mail. However, if necessary to ensure satisfactory representation
 at the special meeting, Savoir may also solicit proxies by
telephone, telegraph and personal interview by employees of
Savoir, none of whom will receive additional compensation for
such services. Savoir has retained Georgeson Shareholder
Communications Inc. to assist in the solicitation of proxies on
its behalf for a fee of approximately $6,500, plus out-of-pocket
expenses. Also, we request brokerage houses, nominees,
fiduciaries and other custodians holding Savoir common stock or
series&nbsp;A preferred stock of record to forward soliciting
materials to beneficial owners, and will reimburse them for their
 reasonable expenses incurred in sending materials to beneficial
owners.


<P align="center">14
<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="left"><B>Letter of Transmittal</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
As soon as practicable after the effective time of the merger, we
 will send a letter of transmittal to each holder of Savoir
common stock and series&nbsp;A preferred stock. The letter of
transmittal will contain instructions for the surrender of Savoir
 stock certificates in exchange for Avnet stock certificates. You
 should not forward your Savoir stock certificates to us until
you receive the letter of transmittal following the merger.

<P align="left"><B>Security Ownership of Certain Beneficial Owners and Management
</B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The following table sets forth information as to the beneficial
ownership of Savoir&#146;s capital stock as of the record date
by: (i)&nbsp;each person known to Savoir to beneficially own more
 than five percent (5%) of Savoir&#146;s common stock or
series&nbsp;A preferred stock; (ii)&nbsp;each of Savoir&#146;s
directors and executive officers; and (iii)&nbsp;all executive
officers and directors of Savoir as a group:



<CENTER>
<TABLE width="80%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="3%">&nbsp;</TD>
	<TD width="64%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="7%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="7%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="6%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="5%">&nbsp;</TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Shares of</B></FONT></TD>
	<TD></TD>
	<TD colspan="3"></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>common</B></FONT></TD>
	<TD></TD>
	<TD colspan="3"></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>stock</B></FONT></TD>
	<TD></TD>
	<TD colspan="3"></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>beneficially</B></FONT></TD>
	<TD></TD>
	<TD colspan="3"></TD>
</TR>

<TR>
	<TD align="center" nowrap colspan="2"><FONT size="2"><B>Name of Beneficial Owner</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>owned(1)</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Percent(2)</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap colspan="2"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
</TR>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Avnet, Inc.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">2,067,536</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(3)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">15.19</FONT></TD>
	<TD align="left" valign="top" nowrap><FONT size="2">%</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	2211 South 47th Street<BR>
	Phoenix, AZ 85034</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	John M. Harkins</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1,200,000</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(4)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">8.82</FONT></TD>
	<TD align="left" valign="top" nowrap><FONT size="2">%</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	4955 Corporate Drive<BR>
	Huntsville, AL 35806</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Michael N. Gunnells&nbsp;&#151; Director</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1,089,601</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(5)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">8.01</FONT></TD>
	<TD align="left" valign="top" nowrap><FONT size="2">%</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	4955 Corporate Drive<BR>
	Huntsville, AL 35806</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Robert Fleming, Inc.&nbsp;</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">973,391</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(6)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">6.74</FONT></TD>
	<TD align="left" valign="top" nowrap><FONT size="2">%</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	320 Park Avenue, 11th&nbsp;Floor<BR>
	New York, NY 10022</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	P.&nbsp;Scott Munro&nbsp;&#151; Director and Executive Officer</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">901,458</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(7)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">6.43</FONT></TD>
	<TD align="left" valign="top" nowrap><FONT size="2">%</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Bear Stearns &#38; Co. Inc.&nbsp;</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">841,573</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(8)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">6.18</FONT></TD>
	<TD align="left" valign="top" nowrap><FONT size="2">%</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	115 South Jefferson Road<BR>
	Whippany, NJ 07981</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	University Capital Strategies Group, LLC</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">760,000</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(9)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">5.58</FONT></TD>
	<TD align="left" valign="top" nowrap><FONT size="2">%</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	408 St. Peter Street, Suite 444<BR>
	St. Paul, MN 55102</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Strome Investment Management, L.P.&nbsp;</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">789,193</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(10)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">5.53</FONT></TD>
	<TD align="left" valign="top" nowrap><FONT size="2">%</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	100 Wilshire Blvd., 15th&nbsp;Floor<BR>
	Santa Monica, CA 90401</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Astoria Capital Partners, L.P.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">588,900</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(11)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">4.15</FONT></TD>
	<TD align="left" valign="top" nowrap><FONT size="2">%</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	6600 SW 92nd Avenue, Suite&nbsp;370<BR>
	Portland, OR 97223</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Carlton Joseph Mertens&nbsp;II&nbsp;&#151; Director and Executive
	 Officer</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">507,858</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(12)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">3.72</FONT></TD>
	<TD align="left" valign="top" nowrap><FONT size="2">%</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	ROI Capital Management, Inc.&nbsp;</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">344,800</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(13)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">2.47</FONT></TD>
	<TD align="left" valign="top" nowrap><FONT size="2">%</FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	17 E.&nbsp;Sir Francis Drake Blvd., Suite&nbsp;225<BR>
	Larkspur, CA 94939</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Robert O&#146;Reilly&nbsp;&#151; Executive Officer</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">79,605</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(14)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">*</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Guy&nbsp;M. Lammle&nbsp;&#151; Director</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">38,287</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(15)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">*</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	J.&nbsp;Larry Smart&nbsp;&#151; Director</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">28,188</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(16)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">*</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	K.&nbsp;William Sickler&nbsp;&#151; Director</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">26,188</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(17)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">*</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	Terry Johnson&nbsp;&#151; Executive Officer</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">24,888</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(18)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">*</FONT></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>


<P align="center">15

<!-- PAGEBREAK -->
<P><HR noshade><P>


<CENTER>
<TABLE width="80%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="67%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="7%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="7%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="6%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="5%">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Shares of</B></FONT></TD>
	<TD></TD>
	<TD colspan="3"></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>common</B></FONT></TD>
	<TD></TD>
	<TD colspan="3"></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>stock</B></FONT></TD>
	<TD></TD>
	<TD colspan="3"></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>beneficially</B></FONT></TD>
	<TD></TD>
	<TD colspan="3"></TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Name of Beneficial Owner</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>owned(1)</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Percent(2)</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Angelo Guadagno&nbsp;&#151; Director</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">12,000</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(19)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">*</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	All executive officers and directors as a group (9&nbsp; persons)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">2,708,073</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">(20)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="top" nowrap><FONT size="2">19.03</FONT></TD>
	<TD align="left" valign="top" nowrap><FONT size="2">%</FONT></TD>
</TR>

</TABLE>
</CENTER>


<DIV align="left">
<HR size="1" width="18%" align="left">
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="1%"></TD>
	<TD width="2%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>*</TD>
	<TD align="left">
	Less than one percent&nbsp;(1%).</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="1%"></TD>
	<TD width="4%"></TD>
	<TD width="95%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(1)&nbsp;</TD>
	<TD align="left">
	Information with respect to beneficial ownership is based upon
	information obtained from the stockholders and their SEC filings
	and from Savoir&#146;s transfer agent. To the knowledge of
	Savoir, unless otherwise indicated in the footnotes below, each
	person and entity named in the table has sole voting and sole
	dispositive power with respect to all shares shown for such
	person or entity in this table, subject to community property
	laws where applicable. Beneficial ownership is determined in
	accordance with the rules of the Securities and Exchange
	Commission. Shares of common stock issuable upon conversion of
	shares of series A preferred stock, upon exercise of stock
	options currently exercisable or first becoming exercisable
	within 60&nbsp;days of the record date, or upon exercise of
	warrants currently exercisable or first becoming exercisable
	within 60&nbsp;days of the record date, are deemed to be
	outstanding and to be beneficially owned by the person entitled
	to convert or exercise for the purpose of computing that
	person&#146;s percentage ownership of Savoir common stock, but
	are not treated as outstanding for the purpose of computing the
	percentage ownership of any other person. Each share of
	series&nbsp;A preferred stock is currently convertible at any
	time into 1.1953125 shares of the common stock and is entitled to
	 vote together with the common stock as a single class (1.1953125
	 votes per share of series&nbsp;A preferred stock).</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(2)&nbsp;</TD>
	<TD align="left">
	Based on 13,611,156 shares of common stock outstanding as of the
	record date plus the issuable shares as described in
	footnote&nbsp;1.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(3)&nbsp;</TD>
	<TD align="left">
	Under their inducement agreement with Avnet, P.&nbsp;Scott Munro,
	 Carlton Joseph Mertens II, Dennis Polk, Robert O&#146;Reilly,
	J.&nbsp; Larry Smart, Angelo Guadagno, K.&nbsp;William Sickler,
	Michael&nbsp;N. Gunnells and Guy&nbsp;M. Lammle granted to Avnet
	a proxy to vote all of their shares of Savoir common stock
	(2,082,034 shares) in favor of the adoption of the merger
	agreement, and a right to purchase those shares in some
	circumstances. The option agreement between Savoir and Avnet also
	 provides Avnet with the right to purchase up to 2,023,435 shares
	 of Savoir common stock in some circumstances, and Avnet
	disclaims beneficial ownership of those shares. See &#147;Other
	Agreements&#148; on page&nbsp;37.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(4)&nbsp;</TD>
	<TD align="left">
	Information is based on a Schedule&nbsp;13D dated June&nbsp;5,
	1998, filed by Mr.&nbsp; Harkins with the SEC, as well as
	issuances of shares to Mr.&nbsp;Harkins thereafter.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(5)&nbsp;</TD>
	<TD align="left">
	All of these shares are subject to the inducement agreement
	described in footnote&nbsp;(3).</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(6)&nbsp;</TD>
	<TD align="left">
	Includes 525,722 shares of common stock issuable upon conversion
	of 439,820 (23.77% of the outstanding) shares of series&nbsp;A
	preferred stock, and 313,210 shares of common stock issuable upon
	 exercise of warrants.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(7)&nbsp;</TD>
	<TD align="left">
	Includes 410,000 shares issuable upon exercise of stock options.
	Also includes 300,000 shares subject to a right of repurchase
	held by Savoir pursuant to an Amendment of Stock Option
	Agreements, which vest ratably on a monthly basis over the
	vesting periods set forth in the stock option agreements for each
	 of the option grants. If the merger is completed, all of
	Mr.&nbsp;Munro&#146;s shares will become fully vested and
	Savior&#146;s right of repurchase will lapse. All of these shares
	 are subject to the inducement agreement described in
	footnote&nbsp;3.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(8)&nbsp;</TD>
	<TD align="left">
	Information is based on a Schedule&nbsp;13D/A dated May&nbsp;1,
	2000, filed by Bear, Stearns&nbsp;&#38; Co. Inc. and its parent
	company, The Bear Stearns Companies Inc., with the SEC.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(9)&nbsp;</TD>
	<TD align="left">
	Information is based on a Schedule 13D dated May&nbsp;15, 2000,
	filed by University Capital Strategies Group, LLC with the SEC.</TD>
</TR>


</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="5%"></TD>
	<TD width="95%"></TD>
</TR>


<TR valign="top">
	<TD>(10)&nbsp;</TD>
	<TD align="left">
	Includes 462,600 shares of common stock issuable upon conversion
	of 387,012 (20.92% of the outstanding) shares of series&nbsp;A
	preferred stock, and 193,506 shares of common stock issuable upon
	 exercise of warrants. Information is based on a
	Schedule&nbsp;13D dated November&nbsp;8, 1999, filed by Strome
	Investment Management, L.P., SSCO, Inc. and Mark&nbsp;E. Strome
	with the SEC.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>(11)&nbsp;</TD>
	<TD align="left">
	Includes 370,546 shares of common stock issuable upon conversion
	of 310,000 (16.76% of the outstanding) shares of series&nbsp;A
	preferred stock, and 207,000 shares of common stock issuable upon
	 exercise of warrants.</TD>
</TR>


</TABLE>

<P align="center">16

<!-- PAGEBREAK -->
<P><HR noshade><P>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="5%"></TD>
	<TD width="95%"></TD>
</TR>


<TR valign="top">
	<TD>(12)&nbsp;</TD>
	<TD align="left">
	Includes 47,858 shares of common stock issuable upon exercise of
	stock options. All of these shares are subject to the inducement
	agreement described in footnote&nbsp; 3.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>(13)&nbsp;</TD>
	<TD align="left">
	Includes 239,062 shares of common stock issuable upon conversion
	of 200,000 (10.81% of the outstanding) shares of series&nbsp;A
	preferred stock, and 100,000 shares of common stock issuable upon
	 exercise of warrants.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>(14)&nbsp;</TD>
	<TD align="left">
	Includes 77,500 shares of common stock issuable upon exercise of
	stock options. All of these shares are subject to the inducement
	agreement described in footnote&nbsp; 3.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>(15)&nbsp;</TD>
	<TD align="left">
	Includes 4,750 shares of common stock issuable upon exercise of
	stock options. All of these shares are subject to the inducement
	agreement described in footnote&nbsp; 3.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>(16)&nbsp;</TD>
	<TD align="left">
	Includes 23,688 shares of common stock issuable upon exercise of
	stock options. All of these shares are subject to the inducement
	agreement described in footnote&nbsp; 3.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>(17)&nbsp;</TD>
	<TD align="left">
	Comprised of shares of common stock issuable upon exercise of
	stock options. All of these shares are subject to the inducement
	agreement described in footnote&nbsp;3.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>(18)&nbsp;</TD>
	<TD align="left">
	Includes 18,599 shares of common stock issuable upon exercise of
	stock options.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>(19)&nbsp;</TD>
	<TD align="left">
	Comprised of shares of common stock issuable upon exercise of
	stock options. All of these shares are subject to the inducement
	agreement described in footnote&nbsp;3.</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>(20)&nbsp;</TD>
	<TD align="left">
	Includes 620,583 shares of common stock issuable upon exercise of
	 stock options.</TD>
</TR>


</TABLE>

<P align="center"><B>Market Price and Dividend Information</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The table below sets forth, for the calendar quarters indicated,
the high and low sales prices per share for Savoir common stock
as quoted in the Nasdaq National Stock Market, and for Avnet
common stock as reported for New York Stock Exchange composite
transactions:


<CENTER>
<TABLE width="90%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="3%">&nbsp;</TD>
	<TD width="55%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="5%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="4%">&nbsp;</TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD colspan="7"></TD>
	<TD></TD>
	<TD colspan="7"></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="7"><FONT size="2"><B>Savoir</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="7"><FONT size="2"><B>Avnet</B></FONT></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="7"><FONT size="2"><B>Common Stock</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="7"><FONT size="2"><B>Common Stock</B></FONT></TD>
</TR>

<TR>
	<TD colspan="2"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="7"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="7"><HR size="1"></TD>
</TR>

<TR>
	<TD align="center" nowrap colspan="2"><FONT size="2"><B>Calendar Quarter</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>High</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Low</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>High</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Low</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap colspan="2"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
</TR>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	<B>1998</B></FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	First Quarter</FONT></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">12</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;3/4</FONT></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">9</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;5/8</FONT></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">66</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;1/4</FONT></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">57</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Second Quarter</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">13</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;7/16</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">9</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;1/8</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">64</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;5/16</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">53</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;11/16</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Third Quarter</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">12</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;3/4</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">4</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;5/16</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">58</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;1/2</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">35</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;1/4</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Fourth Quarter</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">9</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;1/2</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">5</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;5/16</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">60</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;5/8</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">34</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;15/16</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	<B>1999</B></FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	First Quarter</FONT></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">12</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;1/2</FONT></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">8</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;5/8</FONT></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">60</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;15/16</FONT></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">35</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;5/8</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Second Quarter</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">10</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;3/4</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">7</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;1/2</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">51</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">34</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Third Quarter</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">9</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;3/4</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">7</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;3/4</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">52</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;7/16</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">41</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;1/16</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Fourth Quarter</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">8</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;3/8</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">4</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;5/16</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">60</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;1/2</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">37</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;5/16</FONT></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD colspan="2" align="left" valign="top"><FONT size="2">
	<B>2000</B></FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	First Quarter</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">8</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;5/8</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">6</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">73</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;1/2</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">50</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Second Quarter (through May&nbsp;23)</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">8</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;7/8</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">6</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;7/8</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">81</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;1/8</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">57</FONT></TD>
	<TD align="left" valign="bottom" nowrap><FONT size="2">&nbsp;15/16</FONT></TD>
</TR>

</TABLE>
</CENTER>



<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The last sale price for a share of Avnet common stock as reported
 for New York Stock Exchange composite transactions on
May&nbsp;23, 2000 was $68&nbsp;1/4, and the last sale price for a
 share of Savoir common stock on the Nasdaq National Stock Market
 on May&nbsp;23, 2000 was $8. The closing sales prices per share
of Savoir common stock and Avnet common stock on March&nbsp;1,
2000, the last trading day before public announcement of the
merger, were $8&nbsp;1/4 and $65&nbsp; 7/16, respectively.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Avnet has paid a cash dividend on its common stock of 15 cents
per share during each calendar quarter in 2000, 1999 and 1998. In
 the same period Savoir paid no dividends on its common stock.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
As of May&nbsp;23, 2000, there were approximately 221
stockholders of record of Savoir common stock and 33 stockholders
 of record of Savoir series A preferred stock, as shown on the
records of Savoir&#146;s transfer agent.


<P align="center">17
<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="center"><B>The Companies</B>

<P align="left"><B>Savoir</B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir is a value-added wholesale distributor of commercial
mid-range servers, peripheral equipment (including wireless
networking equipment, storage products, printers and terminals)
and software. Savoir believes that it is one of the leading
distributors of IBM&#146;s commercial mid-range servers product
lines. The principal executive offices of Savoir are at
44951&nbsp;Industrial Boulevard, Fremont, California 94538, and
its telephone number at that address is (510)&nbsp;413-0120.



<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
For additional information about Savoir and its business, see the
 documents identified in &#147;Where You Can Find More
Information&#148; on page&nbsp;54.


<P align="left"><B>Avnet</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Avnet is one of the world&#146;s largest industrial distributors
of electronic components and computer products, with sales for
its fiscal year ended July&nbsp;2, 1999 of $6.35 billion.
Including the fiscal 1999 sales of Marshall Industries, which
Avnet acquired on October&nbsp;20, 1999 (as described below), as
well as the acquisitions of SEI Macro Group, Eurotronics B.V.,
PCD Italia S.r.l., Matica S.p.A. and Integrand Solutions Pty.
Limited, Avnet&#146;s pro forma sales for fiscal 1999 were more
than $8.07&nbsp;billion. Avnet is a vital link in the chain that
connects suppliers of semiconductors, interconnect products,
passives and electromechanical devices to original equipment
manufacturers (&#147;OEMs&#148;) and contract manufacturers that
design and build the electronics equipment for end-market use,
and to other industrial customers. In addition, Avnet distributes
 a variety of computer products and services to both the end user
 and the reseller channels. Through its electronic components
distribution activities, Avnet acts as an extension of a
supplier&#146;s sales force by marketing products to a larger
base of customers than individual suppliers could do
economically. While many suppliers can only serve a few hundred
of the larger OEMs and contract manufacturers, Avnet is
authorized to sell products of more than 100 of the world&#146;s
leading component manufacturers to a global customer base of
approximately 100,000 OEMs and contract manufacturers. Avnet
ships electronic components as it receives them from Avnet&#146;s
 suppliers or with assembly or other value added. As part of its
distribution activities, Avnet adds various processes that
customize products to meet individual OEM customer
specifications, and it provides material management and logistic
services.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
On October&nbsp;20, 1999, Avnet acquired Marshall Industries and
its wholly-owned subsidiary, Sterling Electronics. Marshall
Industries was one of the world&#146;s largest distributors of
electronic components and computer products. Marshall Industries
had sales of $1.72 billion in its last full fiscal year ended
May&nbsp;31, 1999. This acquisition was the largest in the
history of the electronics distribution industry and makes
Avnet&#146;s Electronics Marketing group the largest electronic
components distribution business in the Americas, with fiscal
1999 sales of $5.17 billion on a pro forma basis. The acquisition
 of Marshall Industries strengthens Avnet&#146;s line card and
provides Avnet with a significant opportunity to enhance its
operational efficiency with significant cost savings.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
On January&nbsp;3, 2000, Avnet completed its acquisition of the
SEI Macro Group, an electronic components distributor
headquartered in the United Kingdom, and Eurotronics B.V. (which
does business under the name SEI), a pan-European electronic
components distributor headquartered in the Netherlands. The
combined annual sales of Eurotronics and the SEI Macro Group are
approximately $750&nbsp;million.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
One of Avnet&#146;s critical strengths is the breadth and quality
 of the suppliers whose products it carries. Listed below are the
 major product categories and the major suppliers in each
category:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp; </TD>
	<TD align="left">
	<I>Semiconductors:&nbsp; </I>Avnet&#146;s major suppliers of
	semiconductors are Advanced Micro Devices, Agilent Technologies,
	Analog Devices, Atmel, Conexant, Cypress, Dallas Semiconductor,
	Hitachi, Integrated Device Technology, Intel, Intersil, Lattice,
	Level One, Linear Technology, LSI Logic, Micron Semiconductors,
	Motorola, National Semiconductor, NEC, ON Semiconductor, Philips
	Semiconductor, ST Microelectronics, Texas Instruments, Toshiba
	and Xilinx.</TD>
</TR>

</TABLE>

<P align="center">18
<!-- PAGEBREAK -->
<P><HR noshade><P>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp; </TD>
	<TD align="left">
	<I>Computer Products:&nbsp; </I>Avnet&#146;s major suppliers of
	computer products are Cabletron, Compaq Computer Corporation,
	Computer Associates, Hewlett-Packard, IBM, Intel and Oracle.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp; </TD>
	<TD align="left">
	<I>Connectors:&nbsp; </I>Avnet&#146;s major suppliers of
	connectors are AMP, Amphenol/Bendix, FCI, ITT Cannon, Molex,
	Thomas and Betts Components, and 3M.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp; </TD>
	<TD align="left">
	<I>Passives, Electromechanical and Other:&nbsp; </I>Avnet&#146;s
	major suppliers of these products are Aromat, AVX, Bourns, Kemet,
	 Lambda, Leach, Murata, Nichicon, Panasonic, Pulse, Teledyne and
	Vishay.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
During fiscal year 1999 Avnet operated in two industry segments
as described below.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Electronics Marketing (&#147;EM&#148;) is Avnet&#146;s largest
operating group, with fiscal year 1999 sales of $4.80 billion,
representing approximately 76% of Avnet&#146;s consolidated
sales. EM is comprised of three regional operations: EM Americas,
 EM EMEA (Europe, Middle East and Africa) and EM Asia. EM
distributes electronic components (semiconductors, connectors,
passives and electromechanical devices), and EM offers an array
of value-added services to its customers, such as inventory
replenishment systems, kitting and semiconductor programming.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Computer Marketing (&#147;CM&#148;) is an international
distributor of computer products to value-added resellers and end
 users focusing primarily on middle- to high-end, value-added
computer products and services. CM&#146;s 1999 sales were $1.55
billion, representing approximately 24% of Avnet&#146;s
consolidated sales. CM is broadly split between two independent
business units, Avnet Computer and Hall-Mark Global Solutions.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Avnet Computer sells industry leading high-end systems, mid-range
 servers, workstations, PCs, software, storage, networking,
peripherals and services to end user customers. Avnet Computer is
 one of North America&#146;s leading technology solutions
integrators, providing hardware, software, and services for
corporate-wide applications.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Hall-Mark Global Solutions concentrates on sales of computer
systems, peripherals and components to the reseller channel.
Management of Avnet believes that Hall-Mark Global Solutions is
the industry&#146;s leading technical distributor of open systems
 in support of a limited line card of the foremost computer and
peripherals manufacturers, which include Compaq, Hewlett-Packard,
 IBM and Intel. Hall-Mark Global Solutions provides those
manufacturers&#146; products to value-added resellers, along with
 complementary value-added solutions and in-house engineering
support, complex systems integration and configuration services.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Hall-Mark Integrated Solutions was created in fiscal 1999 to
focus on entry-level to mid-range servers, specifically for the
Windows NT server market. The mission of this business unit is to
 recruit and serve Windows NT platform VARs by marketing bundled
solutions from Avnet&#146;s key suppliers. These are new
customers for CM who reach the fast growing small to medium
business sector. Sales have been growing rapidly and Avnet
believes they will surpass $100 million in fiscal 2000.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
CM has also created Avnet Direct, an Internet commerce company
which sells computer systems to businesses and individuals on the
 World Wide Web. These computer systems are configured from
thousands of name-brand computer and peripheral equipment
products and software carried in CM&#146;s inventories.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Effective in fiscal year 2000, Avnet has formed a new group,
Avnet Applied Computing (&#147;AAC&#148;). AAC focuses the
resources of three existing business units, CM&#146;s OEM
Business unit and EM&#146;s Personal Computer Components and OEM
Systems units, with combined revenues of over $1 billion. AAC
provides technical solutions that include software, engineering
services, leadership product, supply chain management, financing
and physical distribution and integration of the end product.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Avnet has approximately 10,800 employees globally and maintains
locations in the United States, Canada, Mexico, Europe, Asia,
Australia, New Zealand, South Africa and South America.
Avnet&#146;s principal executive offices are located at 2211
South 47th Street, Phoenix, Arizona 85034, telephone number
(480)&nbsp;643-2000.

<P align="center">19

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<P><HR noshade><P>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
For additional information about Avnet and its business, see the
documents identified in &#147;Where You Can Find More
Information&#148; on page&nbsp;54.


<P align="center"><B>The Merger</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>This discussion of the merger and the principal terms of the
merger agreement is subject to, and qualified in its entirety by
reference to, the Amended and Restated Agreement and Plan of
Merger dated as of March&nbsp;2, 2000 by and among Avnet, Tactful
 Acquisition Corp. and Savoir, a copy of which is attached to
this proxy statement/prospectus as Appendix&nbsp;A and
incorporated herein by reference.</I>

<P align="left"><B>General</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We are furnishing this proxy statement/prospectus to holders of
Savoir common stock and series A preferred stock in connection
with the solicitation of proxies by the board of directors of
Savoir for use at its special meeting of stockholders, and at any
 adjournments, postponements, continuations or reschedulings of
the meeting. At the special meeting, the Savoir stockholders will
 consider and vote upon a proposal to adopt the merger agreement.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The merger agreement provides for the merger of Tactful
Acquisition Corp., a wholly-owned subsidiary of Avnet, into
Savoir. At the effective time of the merger, the separate
corporate existence of Tactful will cease and Savoir will remain
as the surviving corporation in the merger and become a
wholly-owned subsidiary of Avnet. Each share of Avnet common
stock issued and outstanding before the merger will remain an
issued and outstanding share of Avnet common stock after the
merger. Savoir common stock and series&nbsp;A preferred stock
outstanding at the effective time of the merger will be converted
 by the merger into Avnet common stock as described below. The
merger will become effective when a certificate of merger is
filed with the Secretary of State of Delaware, or at a subsequent
 date or time that Savoir and Avnet agree on and specify in the
certificate of merger. The transaction is intended to qualify as
a tax-free &#147;reorganization&#148; within the meaning of
Section&nbsp;368(a) of the Internal Revenue Code of 1986, as
amended, for federal income tax purposes. See &#147;Material
Federal Income Tax Consequences of the Merger&#148; on
page&nbsp;38.



<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
As of March&nbsp;2, 2000, the date on which the merger agreement
was first executed and delivered, Avnet and Savoir agreed that
the value of a share of Savoir common stock was $7.85. In the
merger, each share of Savoir common stock will be converted into
a right to receive between 0.15494 and 0.11452 of a share of
common stock of Avnet. Within that range, the conversion ratio
will be the quotient of $7.85 divided by the average of the
closing prices of a share of Avnet common stock during the
fifteen trading days ending five trading days before the date of
the special meeting. The closing price per share of Avnet common
stock for New York Stock Exchange composite transactions on
May&nbsp;23, 2000 was $68&nbsp;1/4.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Because the merger would be a &#147;change in control&#148; as
defined in Savoir&#146;s certificate of incorporation, the
holders of series&nbsp;A preferred stock have a right to receive
$9.6581 per share in cash or property having that value.
Therefore, in the merger, each share of series&nbsp;A preferred
stock will be converted into a right to receive a portion of a
share of Avnet common stock equal to the quotient of $9.6581
divided by the average of the closing prices of a share of Avnet
common stock during the five trading days ending on the trading
day immediately preceding the effective date of merger.

<P align="left"><B>Background to the Merger</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The board of directors and management of Savoir discussed the
possibility of a merger or sale of Savoir at various times from
January&nbsp;1, 1998 through the signing of the merger agreement
with Avnet. During that period, Savoir made and received initial
overtures about the possibility of merging Savoir with a number
of distribution companies. To facilitate those discussions,
Savoir retained several investment banks, including Broadview
Associates (to explore European opportunities), The
Robinson-Humphrey Company, LLC and the Tucker Anthony Cleary Gull
 division of Tucker Anthony Inc. On several

<P align="center">20

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<P><HR noshade><P>

<DIV align="left">
occasions, Savoir entered into confidentiality arrangements and
exchanged financial information. However, in all cases, the
discussions did not result in an offer for a merger or sale of
Savoir.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A core element of Savoir&#146;s growth strategy had been to buy
other businesses in exchange for shares of Savoir common stock.
By October&nbsp;1999, a decline in the market price of Savoir
common stock had limited Savoir&#146;s ability to proceed with
that strategy. That limit on Savoir&#146;s growth strategy was an
 important factor in the decision of the board of directors, in
October&nbsp;1999, to seek a buyer for Savoir.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Following the board&#146;s decision, Savoir&#146;s financial
advisor, Alliant Partners, started to prepare a list of possible
buyers and a confidential offering memorandum describing Savoir.
The buyer list was divided into three categories:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	distribution companies;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	contract manufacturers; and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	firms (referred to below as &#147;financial buyers&#148;) which
	are in the business of acquiring, developing and reselling
	businesses.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
At the same time, Alliant telephoned a number of approved
prospects to determine their interest in a transaction with
Savoir. Savoir and Alliant finished a confidential memorandum on
November&nbsp;19, 1999 and sent copies to 12 interested
prospects.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
During December&nbsp;1999, representatives of Savoir and Alliant
held a series of meetings with prospective buyers. The prospects
indicating the greatest initial interest were either financial
buyers or operating companies not directly in the computer
distribution business. On December&nbsp;20, 1999, a financial
buyer made a written offer to buy Savoir at $7 per share. Alliant
 described this offer, and gave a detailed report on the status
of the sale process, to the board of directors of Savoir on
December&nbsp;21, 1999. The offer contained a number of
contingencies that were not acceptable to Savoir, and its board
directed Alliant to continue discussions with this prospect with
the goal of bringing the board an acceptable offer.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Another financial buyer started a comprehensive due diligence
review of Savoir, in anticipation of making a cash offer to
acquire it. After completing the due diligence review, the second
 financial buyer concluded that it would not be able to finance a
 purchase of Savoir, and withdrew from the process without making
 an offer.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir also held a series of meetings with a large company
primarily engaged in the business of contract manufacturing.
Those meetings, which started in early December&nbsp;1999 and
accelerated at the end of the year and first part of
January&nbsp;2000, focused on the value of Savoir and the
structure of a possible transaction to buy Savoir. The
prospect&#146;s key concern before moving into formal
negotiations and making an offer to buy Savoir was to understand
IBM&#146;s receptiveness to such a transaction, and the
opportunities to expand Savoir&#146;s relationship with IBM in
the future. On January&nbsp;17, 2000, senior executives of IBM,
the prospect and Savoir held a conference call to explore
IBM&#146;s position regarding the contemplated transaction. The
representatives of IBM participating in the call did not provide
the prospect with the insight it deemed necessary to proceed with
 a transaction, and the prospect withdrew from the process
without making an offer.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
At the request of Savoir, representatives of Tucker Anthony made
contact with Avnet on December&nbsp;20, 1999. Avnet expressed
interest in discussing a purchase of Savoir, and Andrew Bryant,
Senior Vice President of Avnet, Richard Hamada, Vice President of
 Avnet, John Clark, Vice President of Avnet, Ed Kamins, Vice
President of Avnet, and P.&nbsp;Scott Munro, Chairman of the
Board and Chief Executive Officer of Savoir, Carlton Joseph
Mertens&nbsp;II, President and Chief Operating Officer of Savoir,
 and Dennis Polk, then Chief Financial Officer of Savoir met in
Phoenix on January&nbsp;5, 2000. As a result of the meeting,
Avnet expressed a preliminary interest in buying Savoir and Avnet
 started a due diligence review of Savoir. While Avnet continued
with their internal processes, Alliant continued dialogue with
several other prospective buyers.

<P align="center">21

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<P><HR noshade><P>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
On January&nbsp;17, 2000, Avnet provided a draft letter of
intent, outlining a non-binding offer to acquire Savoir in a cash
 tender offer. A draft definitive agreement was prepared by
counsel to Savoir based on the letter of intent; however, Avnet
indicated that it was not prepared to proceed, until it had
detailed discussions and negotiations with IBM. During the
subsequent two-week period, there were limited discussions
between the parties.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
On February&nbsp;1, 2000, representatives of Avnet and Savoir
held a conference call in an attempt to understand the status of
the contemplated transaction. During the call Avnet explained
that it was still in discussions with IBM, and that the
management of Avnet was not yet committed to proceeding with a
transaction. On February&nbsp;11, 2000, Avnet management
requested that a meeting be held in Phoenix as soon as possible
to discuss a revised proposal to acquire Savoir. On
February&nbsp;14, 2000, a meeting was held at Avnet&#146;s
corporate headquarters among David Birk, Avnet&#146;s Senior Vice
 President and General Counsel, Raymond Sadowski, its Senior Vice
 President and Chief Financial Officer, and Timothy Grant, its
Corporate Acquisitions Director, and representatives of Alliant
and Tucker Anthony. At the meeting, Avnet indicated that it had
concluded its discussions with IBM and offered to buy Savoir at a
 price of $7.00 per share of Savoir common stock (and a
corresponding price per share of series A preferred stock),
payable in Avnet common stock. The board of directors of Savoir
considered the offer on February&nbsp;15, 2000, and rejected it
as not reflecting adequate value for Savoir&#146;s stockholders.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Representatives of Alliant and Avnet thereafter held a conference
 call on February&nbsp;16, 2000 at which time Alliant advised
that a minimum of $7.80 to $7.85 would be required to move
forward with the transaction. Later that day, Avnet proposed
improving their offer to $7.85 per share, payable in Avnet common
 stock. Avnet&#146;s improved offer included a &#147;collar&#148;
 limiting the effect of an increase or decrease in the market
price of Avnet common stock between the signing of an agreement
and the closing of the merger. The Savoir board of directors
considered the revised offer on February&nbsp;17, 2000, and
authorized management to proceed with a definitive agreement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Counsel to Avnet presented a draft merger agreement to Savoir on
February&nbsp;22, 2000. From that time through the signing,
representatives of Avnet and Savoir engaged in detailed
negotiations of the merger agreement, an option agreement between
 Savoir and Avnet, an inducement agreement among Savoir executive
 officers and directors and Avnet, and a consulting and
noncompetition agreement among Tactful, Savoir and P. Scott
Munro. At the same time, Avnet and Savoir each continued their
due diligence review of the other.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
On February&nbsp;29, 2000, the Avnet board of directors
considered and approved the principal terms of the transaction
and authorized Avnet management to finalize the negotiations and
execute definitive documents. Final negotiations continued
throughout the day on March&nbsp;1, 2000, focusing primarily on
the method of calculating the portion of a share of Avnet common
stock to be issued for each share of Savoir common stock, and the
 terms of the price collar. Avnet and Savoir reached an agreement
 in principle on those issues that evening, and the Savoir board
of directors then met to review the status of the transaction. At
 the meeting, Alliant orally presented their opinion that the
proposed transaction with Avnet was fair to the stockholders of
Savoir. The Savoir board then unanimously approved moving forward
 with the transaction and authorized the officers of Savoir to
negotiate and sign the definitive agreements. Final negotiations
continued that evening and the merger agreement, option
agreement, inducement agreement and consulting agreement were
signed on March&nbsp;2, 2000.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
After the merger agreement was signed by Avnet, Savoir and
Tactful, they agreed to make various immaterial changes to the
agreement and then signed an amended and restated merger
agreement which is attached as Appendix&nbsp;A to this proxy
statement/prospectus.

<P align="left"><B>Savoir&#146;s Reasons for the Merger; Recommendations of the
Savoir Board of Directors</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Savoir board of directors has unanimously determined that the
 merger is fair to, and in the best interest of, Savoir and its
stockholders, and the board has unanimously adopted and approved
the merger agreement. Accordingly, the Savoir board of directors
recommends that Savoir stockholders vote in favor of the approval
 of the merger agreement.

<P align="center">22

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<P><HR noshade><P>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In reaching its determination, the Savoir board of directors
concluded that the long-term value of stockholders&#146;
investment in Savoir, converted into Avnet common stock as a
result of the merger, was likely to be greater than the value of
their Savoir stock without the merger. Further, the Savoir board
was of the view that the opportunities created by the merger to
increase stockholder value more than offset the risks associated
with the merger. In reaching these conclusions, the Savoir board
gave significant consideration to a variety of factors, including
 those described below. In view of the wide variety of factors
bearing on its decision, the Savoir board did not consider it
practical to, nor did it attempt to, quantify or assign relative
or specific weight to factors it considered in reaching its
decision. Also, individual directors may have given differing
weights to different factors. The Savoir board received the
advice of its senior management, financial advisors and
independent counsel throughout its consideration of the merger
agreement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In reaching the determination to approve the merger and the
transactions contemplated by the merger, the Savoir board
considered a number of factors, including:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp; </TD>
	<TD align="left">
	<I>Economies of Scale</I>. The market in which Savoir operates is
	 increasingly competitive and price sensitive. By becoming a part
	 of Avnet, Savoir should be able to combine its marketing,
	operational and other personnel with those of Avnet, and be able
	to more efficiently serve its customers.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp; </TD>
	<TD align="left">
	<I>Market Presence. </I>The opportunities for Savoir&#146;s
	business may be limited due to its size and capital resources,
	and its relatively narrow range of products. As a part of Avnet,
	Savoir should achieve more visibility in the market.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp; </TD>
	<TD align="left">
	<I>Management Expertise. </I>As a part of Avnet, Savoir will have
	 the opportunity to benefit from the strength and experience of
	Avnet&#146;s senior management team.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>The Savoir board of directors unanimously recommends that
Savoir stockholders vote &#147;FOR&#148; the adoption of the
merger agreement.</B>

<P align="left"><B>Avnet&#146;s Reasons for the Merger</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Avnet&#146;s goal is to provide the highest value relationships
to its customers, suppliers, employees and shareholders,
globally. Avnet&#146;s board of directors believes that the
merger will serve Avnet&#146;s objectives to each of these
constituencies.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Avnet believes that the merger will create a combined company
that is the number one IBM mid-range value-added distributor in
North America, and that Savoir&#146;s contract manufacturing
business will give Avnet a complementary additional level of
technical sales and engineering expertise. Avnet also believes
that Savoir and Avnet share a common culture which is focused on
customer satisfaction.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Avnet believes that its shareholders will benefit from the merger
 because of anticipated cost savings and synergies as a result of
 combining the companies, for example, in consolidating the
facilities and computer systems of the companies, and that
shareholders will benefit from increased sales and earnings in
the future.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>The Avnet board of directors has unanimously approved the
merger agreement.</B>

<P align="left"><B>Opinion of Savoir&#146;s Financial Adviser</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Alliant Partners, an investment banking firm headquartered in
Palo Alto, California, has provided Savoir with financial
advisory services related to acquisitions since 1995. In
November&nbsp;1999, Savoir&#146;s board of directors decided to
expand the scope of Alliant&#146;s activities to seek a strategic
 buyer for Savoir. In January&nbsp;2000, Savoir and Alliant
agreed in writing that Alliant would render an opinion regarding
the fairness of a possible sale of Savoir, from a financial point
 of view, to the stockholders of Savoir.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
On March&nbsp;1, 2000, after the market close, the Savoir board
of directors met and approved the merger. At this meeting,
Alliant delivered to the Savoir board by teleconference its
opinion that as of March&nbsp;1, 2000, and based on the review
described in the opinion, the total consideration received by


<P align="center">23

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<DIV align="left">
Savoir&#146;s stockholders was fair, from a financial point of
view. Alliant noted that its presentation on the financial terms
of the merger at the time of signing was based on an average
closing price of Avnet common stock as of March&nbsp;1, 2000, as
calculated in the merger agreement. No limitations were imposed
by Savoir on the scope of Alliant&#146;s investigations or the
procedures to be followed by Alliant in rendering its opinion.
The value per share of Savoir common stock at signing was
determined through negotiations between the management of Savoir
and Avnet. In furnishing its opinion, Alliant was not engaged as
an agent or fiduciary of Savoir&#146;s stockholders or any other
third party.
</DIV>



<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The full text of the Alliant opinion, as updated on
April&nbsp;19, 2000, which sets forth, among other things,
assumptions made, matters considered and limitations on the
review undertaken, is attached to this proxy statement/prospectus
 as Appendix&nbsp;D, and is incorporated into this proxy
statement/prospectus by reference. Stockholders of Savoir are
urged to read the Alliant opinion in its entirety. The Alliant
opinion does not address the relative merits of the merger and
any other transactions or business strategies discussed by the
Savoir board as alternatives to the merger or, except with
respect to the fairness to Savoir stockholders from a financial
point of view of the total consideration received by Savoir
stockholders, the underlying business decision of the Savoir
board to proceed with or effect the merger. This summary of the
Alliant opinion is qualified in its entirety by reference to the
full text of the Alliant opinion.



<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In connection with the preparation of the Alliant opinion,
Alliant, among other things:

<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(a)&nbsp; reviewed public financial statements and other
	information concerning Savoir and Avnet as well as selected
	analyst reports discussing historical and projected future
	performance of Avent;</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(b)&nbsp; reviewed certain internal financial statements and
	other financial and operating data concerning Savoir that was
	prepared by Savoir&#146;s management;</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(c)&nbsp; analyzed certain financial projections prepared by the
	management of Savoir;</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(d)&nbsp; discussed the past and current operations, financial
	condition, and the prospects of Savoir with senior executives of
	Savoir;</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(e)&nbsp; discussed with the senior management of Savoir the
	strategic objectives of the merger and the strategic alternatives
	 available to Savoir;</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(f)&nbsp; discussed with the senior management of Avnet the
	strategic objectives of the merger;</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(g)&nbsp; compared the financial performance of Savoir with that
	of certain comparable publicly-traded companies and the prices
	paid for securities in those publicly-traded companies;</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(h)&nbsp; reviewed the financial terms, to the extent publicly
	available, of certain comparable acquisition transactions of
	comparable companies;</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(i)&nbsp; assessed Savoir&#146;s value based upon a forecast of
	future cash flows using a discounted cash flow analysis;</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(j)&nbsp; reviewed the merger agreement and discussed the
	proposed terms of the transaction with managements of both Savoir
	 and Avnet; and</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(k)&nbsp; performed such other analyses and considered such other
	 factors as Alliant deemed appropriate.</TD>
</TR>


</TABLE>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In conducting its review and arriving at its opinion, Alliant
relied upon and assumed the accuracy and completeness of the
financial statements and other information provided by Savoir and
 Avnet or otherwise made available to Alliant and did not assume
responsibility to verify such information independently. With
respect to the financial projections of Savoir, Alliant assumed
that they were reasonably prepared on bases reflecting the best
currently available estimates and judgments of the future
financial performance of Savoir. The financial and other
information regarding Savoir reviewed by Alliant in connection
with the rendering of the opinion was limited to information
provided by Savoir&#146;s management and certain discussions with
 Savoir&#146;s senior management regarding Savoir&#146;s
financial condition and prospects as well as the strategic
objectives of the merger and strategic alternatives available to
Savoir. In addition, Alliant


<P align="center">24

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<P><HR noshade><P>


<DIV align="left">
assumed that the merger will be consummated in accordance with
the terms set forth in the merger agreement. Alliant did not make
 any independent valuation or appraisal of the assets or
liabilities of Savoir, nor was Alliant furnished with any such
appraisals.
</DIV>



<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Alliant advised the Savoir board supplementally that in rendering
 its opinion it relied upon the assurances of Savoir&#146;s and
Avnet&#146;s management that the information provided was
prepared on a reasonable basis in accordance with industry
practice and that such parties were not aware of any information
or facts that would make the information provided to Alliant
incomplete or misleading. Alliant indicated that it assumed that
neither Savoir nor Avnet was a party to any pending transaction,
including external financing, recapitalization, acquisitions or
merger discussions, other than the merger. Alliant also advised
that it assumed that the merger would be free of federal tax to
the holders of Savoir common stock and series A preferred stock.



<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Alliant informed the board that it did not undertake any
independent analysis of any pending or threatened litigation,
possible unasserted claims or other contingent liabilities to
which Savoir, Avnet or any of their respective affiliates was a
party or may be subject and that the Alliant opinion did not
consider, the possible assertion of claims, outcomes or damages
arising out of such matters. Although developments following the
date of its opinion may affect the opinion, Alliant assumed no
obligation to update, revise or reaffirm its opinion.



<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Following is a summary explanation of the various sources of
information and valuation methodologies that Alliant advised
Savoir that it employed in conjunction with rendering its opinion
 to the Savoir board.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Comparable Company Analysis.</I> Alliant compared certain
financial information and valuation ratios relating to Savoir to
corresponding publicly available data and ratios from a group of
selected publicly traded companies deemed comparable to Savoir.
The comparable companies selected included twelve publicly traded
 companies in the business of microcomputer and/or electrical
components distribution. Financial information reviewed by
Alliant included each company&#146;s: Enterprise Value,
calculated as the market capitalization of the selected company,
plus such company&#146;s long term debt, less such company&#146;s
 excess cash; LTM (latest twelve months) Revenue, EBITDA
(Earnings Before Interest, Taxes, Depreciation and Amortization)
and Earnings as reported as of the date of the Alliant opinion;
prior year Revenue Growth Rate; and Projected Earnings Growth.
Comparable companies included: Arrow Electronics, Inc.; Avnet,
Inc.; Bell Microproducts, Inc.; Ingram Micro, Inc.; Jaco
Electronics; Merisel, Inc.; MicroAge, Inc.; Nu Horizons
Electronics; Pioneer Standard Electronics; SED International
Holdings; All American Semiconductor; and Tech Data Corp.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The comparable companies had an Enterprise Value/ LTM Revenue
ratio range of 0.01 to 0.56, with a weighted narrow average
(narrow average excludes the highest and lowest estimates) of
0.25; Enterprise Value/ LTM EBITDA ratio range from 1.99 to
25.06, with a weighted narrow average of 9.63; and Equity Value/
Earnings ratio range of 8.22 to 46.77, with a weighted narrow
average of 15.33. After making certain adjustments for
differences in performance, liquidity and size and applying an
acquisition control premium, this analysis yielded an implied
Savoir Enterprise Value of $132.3 million.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
No company utilized as a comparison in the Comparable Company
Analysis, with the exception of Avnet, is identical to Savoir or
Avnet. In evaluating the comparable companies, Alliant made
judgments and assumptions with regard to industry performance,
general business, economic, market and financial conditions and
other matters, many of which are beyond the control of Savoir or
Avnet.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Comparable Transaction Analysis.</I> Alliant reviewed eleven
comparable merger and acquisition transactions from February,
1997, through the present, which involve sellers that share many
characteristics with Savoir, including products offered and
business model. These comparable transactions of companies in the
 microcomputer and/or electrical components distribution sectors
are: (i)&nbsp;Arrow Electronics&#146; acquisition of Consan;
(ii)&nbsp;Arrow Electronics&#146; acquisition of Support Net;
(iii)&nbsp;Arrow Electronics&#146; acquisition of
Scientific&nbsp;&#38; Business Minicomputer; (iv)&nbsp;Bell
Microproducts&#146; acquisition of the Computer Products Division
 of Almo; (v)&nbsp;Bell Microproducts&#146; acquisition of Tenex
(a division of Axidata); (vi)&nbsp;Compucom Systems&#146;
acquisition of Dataflex Corp; (vii)&nbsp;Miami Computer Supply
Corp.&#146;s

<P align="center">25

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<P><HR noshade><P>

<DIV align="left">
acquisition of Dreher Business Products Corp;
(viii)&nbsp;MicroAge&#146;s acquisition of Pride Technologies;
(ix)&nbsp;Pioneer Standard Electronics&#146; acquisition of
Dickens Data Systems; (x)&nbsp;Savoir&#146;s acquisition of
Target Solutions; and (xi)&nbsp;Savoir&#146;s acquisition of
Varcity/ Unidirect Corp.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Estimated multiples paid in the comparable transactions were
based on information obtained from public filings, public company
 disclosures, press releases, industry and popular press reports,
 databases and other sources. The Price/ Revenue multiples of the
 eleven transactions range from 0.05 to 0.35, with a weighted
narrow average of 0.22. Price/ EBITDA and Price/ Earnings
multiples were not used in the valuation analysis, as reliable
EBITDA or Earnings numbers for these completed transactions were
not available. This analysis yielded an implied Savoir Enterprise
 Value of $129.8 million.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
No company, transaction or business in the Comparable Company
Analysis or the Comparable Transaction Analysis is identical to
Savoir or the merger. Accordingly, an analysis of the results of
the foregoing is not entirely mathematical; rather it involves
complex considerations and judgments concerning differences in
financial and operating characteristics and other factors that
could affect the acquisition, public trading and other values of
the comparable companies, comparable transactions or the business
 segment, company or transactions to which they are being
compared.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Discounted Cash Flow Analysis.</I> Alliant estimated the
present value of the projected future cash flows of Savoir on a
stand-alone basis using internal financial planning data prepared
 by Savoir management for the years ending December&nbsp;31, 2000
 through December&nbsp;31, 2002, and a discount rate of 17.5%.
Alliant obtained a terminal valuation based on the Gordon Growth
Model, which assumed a long-term growth rate of 15%. This
analysis yielded an estimated present value of Savoir&#146;s
Enterprise Value of $102.6 million.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Conclusion.</I> While the foregoing summary describes certain
analyses and factors that Alliant deemed material in its
presentation to the Savoir board of directors, it is not a
comprehensive description of all analyses and factors considered
by Alliant. The preparation of a fairness opinion is a complex
process that involves various determinations as to the most
appropriate and relevant methods of financial analysis and the
application of these methods to the particular circumstances and,
 therefore, such an opinion is not readily susceptible to summary
 description. Alliant believes that its analyses must be
considered as a whole and that selecting portions of its analyses
 and of the factors considered by it, without considering all
analyses and factors, would create an incomplete view of the
evaluation process underlying the Alliant opinion. Several
analytical methodologies were employed and no one method of
analysis should be regarded as critical to the overall conclusion
 reached by Alliant. Each analytical technique has inherent
strengths and weaknesses, and the nature of the available
information may further affect the value of particular
techniques. The conclusions reached by Alliant are based on all
analyses and factors taken as a whole and also on application of
Alliant&#146;s own experience and judgment. Such conclusions may
involve significant elements of subjective judgment and
qualitative analysis. Alliant therefore gives no opinion as to
the value or merit standing alone of any one or more parts of the
 analysis it performed. In performing its analyses, Alliant
considered general economic, market and financial conditions and
other matters, many of which are beyond the control of Savoir and
 Avnet. The analyses performed by Alliant are not necessarily
indicative of actual values or future results, which may be
significantly more or less favorable than those suggested by such
 analyses. Accordingly, analyses relating to the value of a
business do not purport to be appraisals or to reflect the prices
 at which the business actually may be purchased. Furthermore, no
 opinion is being expressed as to the prices at which shares of
Avnet common stock may trade at any future time.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the January&nbsp;3, 2000 amendment to a letter
agreement dated November&nbsp;1, 1997, Alliant is to receive a
fee of $125,000 for the fairness opinion rendered to the Savoir
board. Savoir has also agreed to reimburse Alliant for its out of
 pocket expenses and to indemnify and hold harmless Alliant and
its affiliates and any person, director, employee or agent acting
 on behalf of Alliant or any of its affiliates, or any person
controlling Alliant or its affiliates for certain losses, claims,
 damages, expenses and liabilities relating to or arising out of
services provided by Alliant as financial advisor to Savoir. The
terms of the fee arrangement with Alliant, which Savoir and
Alliant believe are customary in transactions of this nature,

<P align="center">26

<!-- PAGEBREAK -->
<P><HR noshade><P>


<DIV align="left">
were negotiated at arm&#146;s length between Savoir and Alliant,
and the Savoir board was aware of such fee arrangements.
</DIV>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Alliant was retained based on Alliant&#146;s experience as a
financial advisor in connection with mergers and acquisitions and
 in securities valuations generally, as well as Alliant&#146;s
investment banking relationship and familiarity with Savoir.
Alliant has provided financial advisory and investment banking
services to Savoir in the past.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
As part of its investment banking business, Alliant is frequently
 engaged in the valuation of businesses and their securities in
connection with mergers and acquisitions, sales and divestitures,
 joint ventures and strategic partnerships, private financings
and other specialized studies.

<P align="left"><B>Interests of Certain Persons in the Merger and Possible
Conflicts of Interest</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In considering the recommendation of the Savoir board of
directors, Savoir stockholders should be aware that certain
members of Savoir&#146;s management and of the Savoir board of
directors have interests in the merger that are different from,
or in addition to, the interests of Savoir&#146;s stockholders
generally. The members of the Savoir board of directors knew
about these additional interests, and considered them, when they
approved the merger agreement.

<P align="left"><I>&nbsp;&nbsp;Stock Options</I>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Upon completion of the merger, Avnet will assume Savoir&#146;s
obligations under Savoir&#146;s 1994 Stock Option Plan, so that
the outstanding Savoir options will become options to purchase
Avnet shares in a number and at an exercise price adjusted to
reflect the exchange ratio for the merger. See &#147;The Merger
Agreement&nbsp;&#151; Covenants&nbsp;&#151; Stock Options&#148;
on page 35. In addition, Avnet will, as promptly as practicable
after the closing of the merger, register the Avnet shares
issuable upon exercise of the options under the Securities Act of
 1933.



<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
As of the record date for the special meeting, the executive
officers and directors of Savoir were the holders of options to
purchase an aggregate of 962,537 shares of Savoir common stock at
 prices ranging from $4.63 to $11.375 per share. The following
table sets forth information as to these Savoir options and how
they will be converted into Avnet options. The information on the
 Savoir options below assumes that 0.1317 of a share of Avnet
common stock is issued for each share of Savoir common stock in
the merger. That would be the exchange ratio if the average
closing price of a share of Avnet common stock for purposes of
the merger agreement was $59.6063, the midpoint between the range
 of $50.6654 and $68.5472 in the exchange ratio formula.



<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="37%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="6%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="5%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="7%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="7%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="5%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="4%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="7%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="6%">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD colspan="7"></TD>
	<TD></TD>
	<TD colspan="7"></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="7"><FONT size="2"><B>Savoir options</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="7"><FONT size="2"><B>Avnet options</B></FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="7"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="7"><HR size="1"></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>No. of</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Average Exercise</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>No. of</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Average Exercise</B></FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Savoir shares*</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>price</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Avnet shares</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>price</B></FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	P. Scott Munro</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">410,000</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">10.14</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">53,997</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom"><FONT size="2">$</FONT></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">76.99</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Carlton Joseph Mertens,&nbsp;II</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">145,716</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">9.67</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">19,191</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">73.42</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Terry Johnson</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">95,821</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">6.75</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">12,620</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">51.25</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Robert O&#146;Reilly</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">150,000</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">7.72</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">19,755</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">58.62</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Angelo Guadagno</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">43,000</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">7.54</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">5,663</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">57.25</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Michael N. Gunnells</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">15,000</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">4.63</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">1,976</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">35.16</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	K. William Sickler</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">43,250</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">8.27</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">5,696</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">62.79</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	J. Larry Smart</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">40,750</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">8.02</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">5,367</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">60.89</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Guy M. Lammle</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">19,000</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">10.09</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">2,502</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">76.61</FONT></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>


<DIV align="left">
<HR size="1" width="18%" align="left">
</DIV>


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="2%"></TD>
	<TD width="98%"></TD>
</TR>

<TR valign="top">
	<TD>*&nbsp;</TD>
	<TD align="left">
	Under provisions of Savoir&#146;s 1994 Stock Option Plan relating
	 to Messrs. Guadagno, Gunnells, Sickler, Smart and Lammle, as
	non-employee directors of Savior, and under the employment
	agreements and related agreements of Messrs.&nbsp; Mertens,
	Johnson and O&#146;Reilly, the merger will result in the
	acceleration of the vesting of options for the following numbers
	of shares of Savoir common stock, which would not</TD>
</TR>

</TABLE>


<P align="center">27
<!-- PAGEBREAK -->
<P><HR noshade><P>


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="2%"></TD>
	<TD width="98%"></TD>
</TR>

<TR valign="top">
	<TD></TD>
	<TD align="left">
	otherwise vest within 60 days of the record date:
	Mertens&nbsp;&#151; 97,858 shares; Johnson&nbsp;&#151; 77,222
	shares; O&#146;Reilly&nbsp;&#151; 72,500 shares;
	Guadagno&nbsp;&#151; 32,000 shares; Gunnells&nbsp;&#151; 15,000
	shares; Sickler&nbsp;&#151; 18,062 shares; Smart&nbsp;&#151;
	18,062; Lammle&nbsp;&#151; 15,250 shares. When these options are
	converted into Avnet options at the effective time of the merger,
	 they will be fully vested and exercisable.</TD>
</TR>

</TABLE>


<P align="left"><I>&nbsp;&nbsp;Employment Agreements</I>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir has an employment agreement and an executive retention
agreement with P.&nbsp;Scott Munro, the Chairman of the Board and
 Chief Executive Officer of Savoir. Under these agreements,
Mr.&nbsp;Munro receives a base salary of $495,000 per year and is
 eligible to receive a bonus of up to $270,000 per year based on
the achievement by Savoir of certain performance goals. If
Mr.&nbsp;Munro&#146;s employment is terminated without cause, he
will be entitled to receive his base salary for twelve months
following his termination. If, within twelve months following a
change in control, Savior terminates Mr.&nbsp;Munro&#146;s
employment without cause, or Mr.&nbsp;Munro resigns with good
reason, he will be entitled to receive a severance payment equal
to 200% of his annual base salary plus his annualized target
bonus, and any of his employee stock options which are then
unvested will vest in full. The merger would be a change in
control as defined in Mr.&nbsp;Munro&#146;s employment agreement.



<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Also under his executive retention agreement, on May&nbsp;10,
1999 Mr.&nbsp;Munro obtained a recourse loan from Savoir for
$2,500,000 and on September&nbsp;10, 1999, he obtained a recourse
 loan for an additional $1,100,000. These loans bear interest at
the rate of 4.9% per year. The principal of and accrued interest
on the loans currently amount to $3,764,437. At the effective
time of the merger Mr.&nbsp;Munro&#146;s obligation to pay the
then outstanding balance of the loans and accrued interest
thereon will be forgiven in full.



<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to an Amendment of Stock Option Agreements with
Mr.&nbsp;Munro, Savoir permitted Mr.&nbsp;Munro to exercise stock
 options to purchase 400,000 shares prior to vesting. The 400,000
 shares are subject, if they do not otherwise vest, to
Savoir&#146;s right to repurchase them at cost ($6&nbsp;per
share) upon Mr.&nbsp;Munro&#146;s termination from service with
Savoir or attempted disposition of the underlying shares. The
400,000 shares vest ratably on a monthly basis over the vesting
periods set forth in the stock option agreement for each of the
option grants. As of the record date, 100,000 shares have vested,
 and the remaining 300,000 shares are subject to Savoir&#146;s
right of repurchase. If the merger is completed, all of
Mr.&nbsp;Munro&#146;s shares will become fully vested and
Savoir&#146;s right of repurchase will lapse.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In connection with the merger agreement, Savoir, Tactful and
Mr.&nbsp;Munro entered into a consulting and noncompetition
agreement under which, as of and from the effective time of the
merger:

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#149;&nbsp; Mr.&nbsp;Munro&#146;s employment with Savoir will
terminate;
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	he will be entitled to all amounts and benefits payable to him
	under his employment agreement and retention agreement upon a
	termination after a change of control, that is, Savoir will
	forgive his debt in full, he will receive a severance payment
	equal to $1,530,000;</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Mr.&nbsp;Munro will provide management consulting services to
	Savoir for one year; and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	for a period of five years, Mr.&nbsp;Munro will not be connected
	in any manner with any business or entity which is engaged in, or
	 is in competition with, the businesses conducted by Avnet,
	Savoir or their affiliates on the date of the consulting and
	noncompetition agreement.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In his consulting and noncompetition agreement, Mr.&nbsp;Munro
also made the following undertakings with respect to a legal
proceeding by Lee Adams against Savoir which is pending in the
Superior Court of Orange County, California:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Mr.&nbsp;Munro will indemnify Avnet and Savoir for losses
	incurred in the Adams legal proceeding, but he will not pay the
	first $200,000 of such losses and his maximum payment obligation
	will be $500,000; and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Mr.&nbsp;Munro waives his right to be indemnified under the
	merger agreement and the certificate of incorporation and by-laws
	 of Savoir both before and after the merger, and his right to
	coverage</TD>
</TR>

</TABLE>

<P align="center">28

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<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="left">
	under directors&#146; and officers&#146; liability insurance (see
	 below), in each case to the extent of any losses arising from
	the Adams legal proceeding for which he is liable, up to
	$500,000.</TD>
</TR>

</TABLE>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir also has an employment agreement with Carlton Joseph
Mertens II, President and Chief Operating Officer of Savoir,
which will remain in effect after the merger. Under this
agreement, Mr.&nbsp;Mertens receives a base salary of $350,000
per year and is eligible to receive a bonus of up to $150,000 per
 year based on the achievement by Savoir of certain performance
goals. If Mr.&nbsp;Mertens&#146; employment is terminated without
 cause at any time, or if Mr.&nbsp;Mertens terminates his
employment with Savoir at any time for certain specified reasons,
 he will be entitled to receive his base salary for nine months
following his termination. Such reasons include:

<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	assignment or alteration by Savoir of Mr.&nbsp;Mertens&#146;
	duties, responsibilities or obligations materially inconsistent
	with his position with Savoir after notice of
	Mr.&nbsp;Mertens&#146; objections thereto;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	failure of Savoir to provide to Mr.&nbsp;Mertens the salary or
	bonuses described above;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	relocation of Savoir&#146;s IBM operational headquarters outside
	of San Antonio, Texas;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	any requirement by Savoir for Mr.&nbsp;Mertens to relocate
	anywhere other than San Antonio, Texas; and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	instructions by Savoir to Mr.&nbsp;Mertens to violate any
	applicable law after notice of Mr.&nbsp;Mertens&#146; objections.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir also has an employment agreement with Terry Johnson,
Savoir&#146;s Chief Financial Officer, which will remain in
effect after the merger. Under this agreement, Mr.&nbsp;Johnson
receives a base salary of $195,000 per year, and is eligible to
receive a bonus payment based on Savoir&#146;s operating income.
If Savoir terminates the employment of Mr.&nbsp;Johnson without
cause at any time, or if he terminates his employment for any
reason after December&nbsp;31, 2000, he will be entitled to
receive his base salary for six months following his termination.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir also has an employment agreement with Robert
O&#146;Reilly, Savoir&#146;s Senior Vice President of Human
Resources, which will remain in effect after the merger. Under
this agreement, Mr.&nbsp;O&#146;Reilly receives a base salary of
$200,000 per year and is eligible to receive a bonus of up to
$50,000 per year. If the employment of Mr.&nbsp;O&#146;Reilly is
terminated without cause at any time, he will be entitled to
receive his base salary for six months following his termination.
 If Mr.&nbsp;O&#146;Reilly&#146;s responsibilities are reduced
within twelve months following a change in control, such as the
merger, and such reduction is not for cause, any resignation of
employment as a consequence of such reduction in responsibilities
 will be treated as a termination of employment without cause.

<P align="left"><I>&nbsp;&nbsp;Indemnification; Directors&#146; and
Officers&#146; Insurance</I>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Avnet has agreed to indemnify each present and former Savoir
officer and director to the fullest extent permitted by Delaware
law for at least four years after the effective time of the
merger. Avnet has also agreed that it will maintain a policy of
directors&#146; and officers&#146; liability insurance coverage
not less than four years following the merger on terms no less
advantageous than Savoir&#146;s existing insurance, subject to a
cap on the amount of premiums Avnet will be required to pay for
that coverage. See &#147;The Merger Agreement&nbsp;&#151;
Covenants&nbsp;&#151; Indemnification; Directors&#146; and
Officers&#146; Insurance&#148; on page&nbsp;35.


<P align="left"><B>Public Trading Markets</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Savoir common stock is currently quoted on the Nasdaq
National Stock Market under the symbol &#147;SVTG.&#148; Upon
consummation of the merger, the Savoir common stock will be
delisted from the Nasdaq National Stock Market and deregistered
under the Securities Exchange Act of 1934. The Savoir series A
preferred stock is not publicly traded.

<P align="center">29
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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Avnet common stock is currently listed on the New York Stock
Exchange and the Pacific Exchange under the symbol
&#147;AVT&#148; and will continue to be listed on both exchanges
after the merger. See &#147;Market Price and Dividend
Information&#148; on page&nbsp;17.


<P align="left"><B>Accounting Treatment</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Avnet will account for the acquisition of Savoir under the
purchase method of accounting in accordance with the provisions
of Accounting Principles Board Opinion No.&nbsp;16,
&#147;Business Combinations.&#148; Accordingly, Avnet will record
 at its cost the acquired assets less liabilities assumed, with
the excess of such cost over the estimated fair value of such net
 assets reflected as goodwill. Additionally, certain costs
directly related to the acquisition will be reflected as
additional purchase price in excess of the net assets acquired.
Avnet&#146;s statement of income will include the operations of
Savoir after the effective date of the merger.

<P align="center"><B>The Merger Agreement</B>

<P align="left"><B>General</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
At the effective time of the merger, Tactful Acquisition Corp., a
 wholly-owned subsidiary of Avnet, will merge into Savoir, the
separate corporate existence of Tactful will cease, and Savoir
will remain as the surviving corporation in the merger and become
 a wholly-owned subsidiary of Avnet. The transaction is intended
to qualify as a tax-free &#147;reorganization&#148; for federal
income tax purposes within the meaning of Section&nbsp;368(a) of
the Internal Revenue Code.

<P align="left"><B>Terms of the Merger</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
At the effective time of the merger, each share of Savoir common
stock will be converted into shares of Avnet common stock at an
exchange ratio based upon the average of the closing prices of a
share Avnet common stock as reported on the New York Stock
Exchange composite tape during the fifteen consecutive trading
days ending on the fifth trading day before the date of the
special meeting, as follows:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	if the fifteen-day average closing price is greater than
	$68.5472, the exchange ratio will be 0.11452 of a share of Avnet
	common stock for each share of Savoir common stock;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	if the fifteen-day average closing price is greater than or equal
	 to $50.6654 and less than or equal to $68.5472, the exchange
	ratio for each share of Savoir common stock will be the quotient
	of $7.85 (the agreed upon value of a share of Savoir common stock
	 in the merger agreement) divided by the fifteen-day average
	closing price; and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	if the fifteen-day average closing price is less than $50.6654,
	the exchange ratio will be 0.15494 of a share of Avnet common
	stock for each share of Savoir common stock.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
At the effective time of the merger, each share of Savoir series
A preferred stock, other than shares held by persons who perfect
their appraisal rights under Delaware law, will be converted into
 Avnet common stock at an exchange ratio equal to the quotient of
 $9.6581 (the amount per share payable to the holders of
series&nbsp;A preferred stock upon a &#147;change in
control&#148; of Savoir, as provided in its certificate of
incorporation) divided by the average of the closing prices of a
share of Avnet common stock during the five consecutive trading
days ending on the trading day immediately preceding the
effective date of the merger.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Each share of Tactful issued and outstanding immediately prior to
 the effective time will be converted in the merger into one
share of Savoir, the surviving corporation. Each share of Avnet
common stock issued and outstanding immediately prior to the
effective time will remain an issued and outstanding share of
Avnet common stock.

<P align="center">30

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Fractional shares of Avnet common stock will not be issued to
Savoir stockholders pursuant to the merger agreement. Instead,
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	a holder of Savoir common stock will receive an amount in cash
	(without interest) equal to (1)&nbsp;the fraction of a share of
	Avnet common stock to which the holder would otherwise be
	entitled, multiplied by (2)&nbsp;the price per share of Avnet
	common stock, not greater than $68.5472 nor less than $50.6654,
	used to calculate the exchange ratio applicable to Savoir common
	stock in the merger; and</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	a holder of Savoir series A preferred stock will receive an
	amount in cash (without interest) equal to (1)&nbsp;the fraction
	of a share of Avnet common stock to which the holder would
	otherwise be entitled, multiplied by (2)&nbsp;the price per share
	 of Avnet common stock used to calculate the exchange ratio
	applicable to Savoir series&nbsp;A preferred stock in the merger.</TD>
</TR>


</TABLE>

<P align="left"><B>Closing; Effective Time of the Merger</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The merger agreement provides that the closing of the merger will
 take place on the second business day after the day on which all
 the conditions set forth in the merger agreement are satisfied
or waived, unless Avnet and Savoir agree to another time or date.
 On the closing date, Tactful and Savoir will file a certificate
of merger with the Secretary of State of Delaware. The merger
will become effective when the certificate of merger is duly
filed or such other time as is set forth in the certificate of
merger.

<P align="left"><B>Certificate of Incorporation and Bylaws of the Surviving
Corporation</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The merger agreement provides that the certificate of
incorporation and bylaws of Savoir as in effect immediately
before the merger will be the certificate of incorporation and
bylaws of Savoir as the surviving corporation at and after the
effective time of the merger, except that the number of directors
 of Savoir, as specified in its bylaws, will be reduced to two.

<P align="left"><B>Directors and Officers of the Surviving Corporation</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The merger agreement provides that the persons serving as
directors of Tactful immediately before the merger will be the
initial directors of Savoir at and after the effective time of
the merger, and that before the merger Avnet will name persons
who will serve as the officers of Savoir at and after the
effective time of the merger.

<P align="left"><B>Representations and Warranties</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The merger agreement contains representations and warranties of
Savoir, Avnet and Tactful, most of which are customary for
agreements of this nature and some of which are qualified as to
materiality. Savoir represents and warrants to Avnet and Tactful,
 and Avnet and Tactful represent and warrant to Savoir, that,
among other things:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	they (and Savoir&#146;s subsidiaries) are corporations duly
	organized, validly existing and in good standing under the laws
	of the states where they are organized;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Avnet, Savoir and Tactful have the corporate power and authority
	to execute, deliver and perform their obligations under the
	merger agreement, assuming, in the case of Savoir, that its
	stockholders adopt the merger agreement; and the merger agreement
	 is a valid, binding and enforceable obligation of Avnet, Savoir
	and Tactful;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the execution and delivery of the merger agreement and, in the
	case of Savoir, the option agreement, and the performance of the
	transactions contemplated by the merger agreement and option
	agreement, will not result in a breach, termination or violation
	of, or conflict with, their organizational documents or contracts
	 or permits to which they are subject, or violate or conflict
	with any law, rule, regulation, judgment or decree to which they
	are subject;</TD>
</TR>

</TABLE>

<P align="center">31

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<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	all consents and approvals required by any governmental entity or
	 other person not a party to the merger agreement to permit the
	merger and other transactions contemplated by the merger
	agreement have been or will be obtained;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	since January&nbsp;1, 1998, Avnet and Savoir have made all
	required filings with the Securities and Exchange Commission, and
	 such filings were, and future filings will be, materially
	accurate when filed;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	except as disclosed by Savoir to Avnet or in Savoir&#146;s SEC
	filings, there have been no events since December&nbsp;31, 1999,
	which resulted in, or are likely to result in, a material adverse
	 effect on the businesses, financial condition, results of
	operations, business prospects or properties of Savoir and Avnet;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Avnet&#146;s and Savoir&#146;s businesses are being conducted in
	compliance with all applicable laws; and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	there are no brokers and finders entitled to compensation in
	connection with the transactions contemplated in the merger
	agreement other than those brokers and finders specified in the
	merger agreement.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Also, Savoir represents and warrants to Avnet and Tactful as to
the following matters, among others:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Savoir&#146;s authorized, outstanding and reserved capital stock
	and its outstanding employee stock options and warrants;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	The absence of liens and encumbrances on Savoir&#146;s assets, or
	 adverse changes to Savoir&#146;s material contracts, or adverse
	changes to Savoir&#146;s rights and obligations under any laws,
	rules or regulations to which it is subject, as a result of its
	execution and delivery of, and performance of its obligations
	under, the merger agreement;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	tax matters;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Savoir&#146;s material contracts, customers and suppliers;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	its employee benefits, employment agreements and labor matters;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	legal proceedings to which Savoir or any of its subsidiaries is a
	 party;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	insurance coverage;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	its title to real property, intellectual property and other
	property;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	environmental matters; and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	labor matters.</TD>
</TR>

</TABLE>

<P align="left"><B>Conditions to the Merger</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The obligations of each of Avnet and Savoir to effect the merger
are subject to the fulfillment or waiver, at or before the
effective date of the merger, of the following conditions, among
others:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the adoption of the merger agreement by the stockholders of
	Savoir;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the absence of any judgment, decree, injunction, ruling or order
	by any court or other governmental entity that prohibits,
	restricts or delays consummation of the merger;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	no issuance by the Securities and Exchange Commission of a stop
	order suspending the effectiveness of the Form&nbsp;S-4
	registration statement of which this proxy statement/prospectus
	is a part; and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the absence of any general disruption in the financial and
	securities markets, such as a general suspension of trading in
	securities on any national securities exchange or the
	over-the-counter market, the declaration of a banking moratorium,
	 or any limitation by any governmental entity on the extension of
	 credit by banks.</TD>
</TR>

</TABLE>

<P align="center">32

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The obligations of each of Avnet and Savoir to effect the merger
are also subject to the fulfillment or waiver by each of them of
the following conditions:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the representations and warranties of the other in the merger
	agreement must be true and correct in all material respects both
	as of the date of the merger agreement and on the effective date
	of the merger;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the other must have complied in all material respects with all
	covenants requiring its compliance prior to the effective date;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>


<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	each of them must receive from its counsel an opinion stating
	that the merger will be treated for federal income tax purposes
	as a reorganization within the meaning of Section&nbsp;368(a) of
	the Internal Revenue Code, that each of Savoir, Tactful and Avnet
	 will be a party to that reorganization within the meaning of
	Section&nbsp;368(b) of the Code, and in the case of the opinion
	to Avnet, that Avnet, Tactful and Savoir will not recognize any
	gain in the merger (see &#147;Material Federal Income Tax
	Consequences of the Merger&#148; (page 38)); and</TD>
</TR>


<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	from the date of the merger agreement, the other shall not have
	suffered a material adverse effect on its business, financial
	condition, results of operation, business prospects or
	properties.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Avnet&#146;s obligations to effect the merger are also subject to
 the fulfillment or Avnet&#146;s waiver of the condition that
Savoir must receive all consents necessary to allow the
consummation of the merger and the continuation of Savoir&#146;s
business after the merger from International Business Machines
Corp., IBM Credit Corp. and their affiliates, and from certain
other Savoir suppliers and other parties who otherwise may have a
 right to terminate their contracts with Savoir as a result of
the merger.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir&#146;s obligations to effect the merger are also subject
to the requirement that Avnet common stock distributed in
connection with the merger be accepted upon notice of issuance
for listing on the New York Stock Exchange.

<P align="left"><B>Covenants</B>

<P align="left"><I>&nbsp;&nbsp;Access to Information</I>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir has agreed to give Avnet&#146;s representatives full
access during normal business hours before the effective time of
the merger to all its properties, books, records, documents,
personnel, auditors and legal counsel, and each of Avnet and
Savoir will furnish promptly to the other all information
concerning itself as the other may reasonably request. Avnet has
agreed to provide Savoir&#146;s representatives such information
as Savoir may reasonably request to determine the accuracy of
Avnet&#146;s and Tactful&#146;s representations and warranties in
 the merger agreement.


<P align="left"><I>&nbsp;&nbsp;Conduct of Savoir&#146;s Business Prior to the
Merger</I>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir has agreed that before the effective time of the merger
(unless Avnet otherwise agrees), among other things:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	it will operate its business only in the ordinary course of
	business consistent with past practices, and will use its best
	efforts to</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="4%"></TD>
	<TD width="90%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(a)&nbsp;</TD>
	<TD align="left">
	preserve its existing business organization, insurance coverage,
	material rights, material licenses or permits, advantageous
	business relationships, material agreements and credit
	facilities,</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(b)&nbsp;</TD>
	<TD align="left">
	retain and keep available the services of its present officers,
	employees and agents, and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(c)&nbsp;</TD>
	<TD align="left">
	preserve the goodwill of its customers, suppliers and others
	having business dealings with it;</TD>
</TR>

</TABLE>

<P align="center">33

<!-- PAGEBREAK -->
<P><HR noshade><P>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Savoir and its subsidiaries will not</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="4%"></TD>
	<TD width="90%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(a)&nbsp;</TD>
	<TD align="left">
	enter into any material transaction or commitment, or dispose of
	or acquire material properties or assets, except purchases and
	sales of inventory in the ordinary course of business consistent
	with past practices,</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(b)&nbsp;</TD>
	<TD align="left">
	implement any new employee benefit plan or employment,
	compensation, or severance agreement,</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(c)&nbsp;</TD>
	<TD align="left">
	amend any existing employment plan or agreement,</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(d)&nbsp;</TD>
	<TD align="left">
	take any action that would jeopardize their material supplier or
	customer relationships,</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(e)&nbsp;</TD>
	<TD align="left">
	make any material change in the nature of their businesses and
	operations,</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="3%"></TD>
	<TD width="91%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(f)&nbsp;</TD>
	<TD align="left">
	enter into any transaction or agreement with their officers,
	directors and affiliates,</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="4%"></TD>
	<TD width="90%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(g)&nbsp;</TD>
	<TD align="left">
	incur or agree to incur any liability for payment of more than
	$100,000 except transactions in the ordinary course of business,
	or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>(h)&nbsp;</TD>
	<TD align="left">
	make any tax election or make any change in any method or period
	of accounting or any material change in any accounting policy,
	practice or procedure;</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Savoir and its subsidiaries will not amend their charter
	documents and by-laws;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Savoir will not declare or pay any dividend or make any other
	distribution in respect of its capital stock; and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Savoir will not split, combine or reclassify its capital stock or
	 issue, redeem or acquire any of its equity securities, options,
	warrants or convertible instruments except for existing
	commitments, and it will not grant any more options to purchase
	its common stock.</TD>
</TR>

</TABLE>

<P align="left"><I>&nbsp;&nbsp;Agreement Not to Solicit Other Acquisition
Proposals</I>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir has agreed that it will not, nor will it authorize or
permit any of its subsidiaries, directors, officers or employees
or any investment banker, financial adviser, attorney, accountant
 or other representative retained by it, directly or indirectly,
to solicit, initiate or take any other action to facilitate
knowingly any inquiries or the making of any proposal which is or
 may reasonably be expected to lead to an &#147;acquisition
proposal&#148; or engage in any discussion or negotiations
relating to an acquisition proposal. An acquisition proposal is
any proposal or offer relating to any acquisition or purchase of
all or a substantial part of the assets of Savoir or any of its
subsidiaries or 15% or more of any class of equity securities of
Savoir or any of its subsidiaries, or relating to a business
combination, liquidation or similar transaction involving Savoir
or any of its subsidiaries, other than the business combination
with Avnet.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
However, Savoir may comply with Securities and Exchange
Commission rules with respect to a response to a tender offer.
Savoir also may engage in discussions with a third party who,
without any solicitation or encouragement by Savoir or its
representatives, seeks to initiate such discussions, and may
furnish the third party nonpublic information concerning Savoir
if the third party has made a bona fide acquisition proposal and
the board of directors of Savoir believes in good faith (after
consultation with its financial advisor) that the proposal is a
&#147;superior proposal,&#148; meaning:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	that the proposal is reasonably capable of being completed,
	taking into account all relevant, legal, financial, regulatory
	and other aspects of the proposal and the source of its
	financing;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	that the proposal would, if consummated, result in a transaction
	more favorable to the stockholders of Savoir, from a financial
	point of view, than the transactions contemplated by the merger
	agreement with Avnet; and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	that the person making the proposal has, or is reasonably likely
	to have or obtain, any necessary funds or customary commitments
	to provide any funds necessary to consummate the proposal;</TD>
</TR>

</TABLE>

<P align="center">34

<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="left">
and Savoir&#146;s board of directors concludes in good faith that
 entering into discussions with, and furnishing nonpublic
information to, the third party may be necessary for the Board of
 Directors to act in a manner consistent with its fiduciary
duties under applicable law.

<P align="left"><I>&nbsp;&nbsp;Stock Options</I>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Currently, there are options to purchase an aggregate of
2,071,900 shares of Savoir common stock at prices ranging from
$3.375 to $13.00 under Savoir&#146;s 1994 Stock Option Plan. At
the effective time of the merger, Avnet will assume Savoir&#146;s
 obligations under Savoir&#146;s 1994 Stock Option Plan, so that
the outstanding Savoir options will become options to purchase
Avnet common stock. The exercise price per share of Avnet common
stock issuable upon exercise of each such Avnet option will be
equal to the per share exercise price of the related Savoir
option divided by the exchange ratio for the conversion of Savoir
 common stock in the merger (see page&nbsp;30), with such
exercise price rounded up to the nearest penny, and the number of
 shares of Avnet common stock issuable upon exercise of each such
 Avnet option will be equal to the number of shares of Savoir
common stock that could have been acquired under the related
Savoir option multiplied by the exchange ratio with such share
number rounded down to the nearest whole number.


<P align="left"><I>&nbsp;&nbsp;Warrants</I>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Currently, there are warrants to purchase an aggregate of
1,561,575 shares of Savoir common stock at prices ranging from
$4.77 to $9.69 per share. At the effective time of the merger,
each such warrant will be converted into a right to acquire
shares of Avnet common stock. The exercise price per share of
Avnet common stock issuable upon exercise of each such warrant
will be equal to the per share exercise price of the warrant
before the effective time divided by the exchange ratio for the
conversion of Savoir common stock in the merger, and the number
of shares of Avnet common stock issuable upon exercise of each
such warrant will be equal to the number of shares of Savoir
common stock that could have been acquired under such warrant
before the effective time multiplied by the exchange ratio.


<P align="left"><I>&nbsp;&nbsp;Avnet Benefit Plans</I>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
When the merger is completed, the business of Savoir will be
combined with that of Avnet and the Savoir employees will be
offered employee benefits which, in the aggregate, are no less
favorable to them than those Avnet provides to its own employees.

<P align="left"><I>&nbsp;&nbsp;Indemnification; Directors&#146; and
Officers&#146; Insurance</I>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
For at least four years after the effective time of the merger,
Savoir and Avnet will indemnify each present and former director
and officer of Savoir and their respective subsidiaries to the
full extent permitted by Delaware law with respect to any alleged
 action or omission occurring before the effective time. Avnet
and Savoir also have agreed that they will maintain
directors&#146; and officers&#146; liability insurance coverage
for such directors and officers for not less than four years
following the merger on terms no less advantageous than
Savoir&#146;s existing insurance; however, Avnet and Savoir will
not be required to pay more than twice the annual premiums which
Savoir currently pays for such insurance. Also, see &#147;The
Merger&nbsp;&#151; Interests of Certain Persons in the Merger and
 Possible Conflicts of Interest&#148; on page&nbsp;27.


<P align="left"><B>Termination</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The merger agreement may be terminated at any time before the
effective time of the merger, whether before or after approval by
 Savoir&#146;s stockholders, by the mutual written consent of
Savoir and Avnet. It may also be terminated by either Savoir or
Avnet without the consent of the other if:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	any governmental entity has issued a final and non-appealable
	order prohibiting the consummation of any of the transactions
	contemplated by the merger agreement;</TD>
</TR>

</TABLE>

<P align="center">35

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<P><HR noshade><P>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the merger has not been consummated by September&nbsp;15, 2000,
	unless due to the failure by the party seeking termination to
	perform any of its obligations under the merger agreement in any
	material respect;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Savoir fails to hold the special meeting or the Savoir
	stockholders do not adopt the merger agreement;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Savoir or Avnet is not in breach of any provision of the merger
	agreement, the other breaches any representation, warranty,
	covenant, agreement, condition or obligation in the merger
	agreement, and the breach has or is reasonably likely to have a
	material adverse effect on the breaching party.</TD>
</TR>

</TABLE>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In addition, Savoir may terminate the merger agreement without
the consent of Avnet for the purpose of entering into an
agreement with another person that has made a &#147;superior
proposal&#148;. See &#147;&#151;&nbsp;Covenants&nbsp;&#151;
Agreement Not to Solicit Other Acquisition Proposals&#148; on
page&nbsp;34.



<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Avnet may terminate the merger agreement without the consent of
Savoir if the board of directors of Savoir withdraws, amends,
modifies, conditions or qualifies in a manner adverse to Avnet
its approval of the merger agreement or its recommendation of the
 merger agreement to the Savoir stockholders, or recommends to
them another acquisition proposal for Savoir. See
&#147;&#151;&nbsp;Covenants&nbsp;&#151; Agreement Not to Solicit
Other Acquisition Proposals&#148; on page&nbsp;34.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If the merger agreement is terminated as described above, the
merger agreement will become void and have no effect, without any
 liability or obligation on the part of either Avnet or Savoir
however, the termination will not relieve:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the liability of Avnet or Savoir for any willful breach of the
	merger agreement;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the obligations of Savoir and Avnet to indemnify the other party
	with respect to the registration statement of which this proxy
	statement/prospectus is a part;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the obligations of Savoir and Avnet to keep confidential all
	non-public information disclosed by the other in connection with
	the transactions contemplated by the merger agreement; or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	the obligation of Savoir to pay a termination fee (see below).</TD>
</TR>

</TABLE>

<P align="left"><B>Termination Fees and Expenses</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Whether or not the merger is consummated, each of Avnet and
Savoir will pay its own expenses incurred in connection with the
merger agreement and the transactions contemplated by the merger
agreement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir will pay Avnet $750,000 in cash if
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Avnet terminates the merger agreement because:</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="3%"></TD>
	<TD width="91%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>1.&nbsp;</TD>
	<TD align="left">
	Savoir has failed to hold the special meeting or the stockholders
	 of Savoir do not adopt the merger agreement; or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>2.&nbsp;</TD>
	<TD align="left">
	Avnet is not in breach of any provision of the merger agreement,
	Savoir has breached any of its representations and warranties in
	the merger agreement, and the breach has or would reasonably be
	likely to have a material adverse effect on Savoir; or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>3.&nbsp;</TD>
	<TD align="left">
	Avnet is not in breach of any provision of the merger agreement,
	Savoir has breached any of its covenants, agreements, conditions
	or obligations in the merger agreement, and the breach has or
	would reasonably be likely to have a material adverse effect on
	Savoir and is not or cannot be promptly cured; or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>4.&nbsp;</TD>
	<TD align="left">
	the board of directors of Savoir has withdrawn, amended,
	modified, conditioned or qualified in a manner adverse to Avnet
	its approval or recommendation of the merger, or has recommended
	another acquisition proposal for Savoir; or</TD>
</TR>

</TABLE>

<P align="center">36

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<P><HR noshade><P>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Savoir terminates the merger agreement because it has failed to
	hold the special meeting or the stockholders of Savoir do not
	adopt the merger agreement, or Savoir terminates the merger
	agreement for the purpose of entering into an agreement for a
	&#147;superior proposal;&#148;</TD>
</TR>

</TABLE>


<P align="left">
and, in each case, Savoir or its stockholders are aware of
another &#147;acquisition proposal&#148; as defined above under
&#147;&nbsp;&#151;&nbsp;Covenants&nbsp;&#151; Agreement Not to
Solicit Other Acquisition Proposals&#148; on page&nbsp;34.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir will pay to Avnet $4,500,000, less any previous payment of
 $750,000 as described above, if the merger agreement is
terminated:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	as described above; or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	by Avnet if the merger has not been consummated by
	September&nbsp;15, 2000;</TD>
</TR>

</TABLE>

<P align="left">
and, in either case, within one year of such termination, Savoir
enters into an agreement to effect another acquisition proposal.

<P align="left"><B>Amendment, Extension and Waiver</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir and Avnet may amend the merger agreement in writing at any
 time before or after the Savoir stockholders adopt the merger
agreement. However, after adoption of the merger agreement by the
 Savoir stockholders, the merger agreement cannot be amended in
any way that would under Delaware law require further approval of
 the stockholders unless such further approval is obtained.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
At any time before the effective time, Savoir or Avnet may extend
 the time for performance of any of the obligations or other acts
 of the other, waive any inaccuracies in the representations and
warranties of the other contained in the merger agreement or in
any document delivered pursuant to the merger agreement, or waive
 compliance by the other with any of the agreements or conditions
 contained in the merger agreement. Any agreement of extension or
 waiver must be in writing.

<P align="center"><B>Other Agreements</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
At the time when Avnet and Savoir first executed and delivered
the merger agreement, they also entered into an option agreement
under which Savoir granted Avnet an option (the &#147;Savoir
Option&#148;) to purchase up to 2,023,435 shares of Savoir common
 stock, representing 15.0% of the issued and outstanding Savoir
common stock before such purchase, at an exercise price of $6.83
per share, subject to customary anti-dilution adjustments.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Avnet may not exercise the Savoir Option unless Avnet becomes
entitled to receive from Savoir a termination fee under the
merger agreement. See &#147;The Merger Agreement&nbsp;&#151;
Termination Fees and Expenses&#148; on page&nbsp;36.



<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Also in connection with the merger agreement, Avnet entered into
an inducement agreement with P.&nbsp;Scott Munro, Carlton Joseph
Mertens&nbsp;II, Dennis Polk, Robert O&#146;Reilly, J.&nbsp;Larry
 Smart, Angelo Guadagno, K.&nbsp;William Sickler, Michael&nbsp;N.
 Gunnells and Guy&nbsp;M. Lammle (collectively, the
&#147;Management Stockholders&#148;), under which each of the
Management Stockholders granted Avnet an option (the
&#147;Stockholders&#146; Option&#148;) to purchase his shares of
Savoir common stock (collectively, 2,082,034 shares) at an
exercise price of $7.85 per share, payable in cash or Avnet
common stock at Avnet&#146;s option. If Avnet exercises the
Stockholders&#146; Option, the merger subsequently occurs and the
 exchange ratio in the merger is based on an average closing
price which is less than $59.6063 (the midpoint in the range
between $50.6654 and $68.5472 in the exchange ratio formula),
Avnet will issue to each Management Stockholder shares of Avnet
common stock equal in value to the difference between
(A)&nbsp;the value of the Avnet common stock which the Management
 Stockholder would have received in the merger for his Savoir
common stock, and (B)&nbsp;the value of the Avnet common stock or
 the cash amount which the Management Stockholder received from
the exercise of the Stockholders&#146; Option. On the other hand,
 if Avnet exercises the Stockholders&#146; Option, the merger
subsequently occurs and the exchange ratio in the merger is based
 on an average closing price which is greater than $59.6063, each
 Management


<P align="center">37

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<P><HR noshade><P>

<DIV align="left">
Stockholder will deliver to Avnet, at his option, either shares
of Avnet common stock having a value equal to, or cash in the
amount of, the difference between (A)&nbsp;the value of the Avnet
 common stock or the cash amount which the Management Stockholder
 received from the exercise of the Stockholders&#146; Option, and
 (B)&nbsp;the value of the Avnet common stock which the
Management Stockholder would have received in the merger for his
Savoir common stock. Thus, if Avnet exercises the Stockholders
Option and the merger subsequently occurs, the Management
Stockholders will receive consideration for their shares of
Savoir common stock which is equal in value to the consideration
which the other Savoir stockholders receive in the merger for
their shares.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Each of the Management Stockholders:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	granted to Avnet an irrevocable proxy to vote his shares of
	Savoir common stock in favor of the adoption of the merger
	agreement and against any other proposal for any
	recapitalization, merger, sale of assets or other business
	combination between Savoir and any other person or entity other
	than Avnet or Tactful, or the taking of any action which would
	result in any of the conditions to Avnet&#146;s obligations under
	 the merger agreement not being fulfilled;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	agreed not to dispose of his shares of Savoir common stock;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	agreed that, except as permitted by the merger agreement, he will
	 not directly or indirectly initiate, solicit or encourage any
	inquiries or the making or implementation of any alternative
	proposal to acquire Savoir common stock, or engage in any
	negotiations concerning, or provide any confidential information
	or data to, or have any discussions with, any person relating to
	such an alternative proposal; and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	agreed that any additional shares of Savoir common stock which he
	 acquires, whether through a stock split, purchase, or other
	events, will be subject to the terms of the inducement agreement.</TD>
</TR>

</TABLE>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Avnet may not exercise the Stockholders&#146; Option until Savoir
 or its stockholders shall have received in writing, or there
shall have been publicly proposed, an &#147;acquisition
proposal,&#148; as defined above under
&#147;&#151;&nbsp;Covenants&nbsp;&#151; Agreement Not to Solicit
Other Acquisition Proposals&#148; on page&nbsp;34.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The inducement agreement and the Savoir Option will terminate on
the earliest to occur of (a)&nbsp;the effective time of the
merger, (b)&nbsp;six months after Avnet becomes entitled to
receive from Savoir a termination fee under the merger agreement
(subject to extension if governmental authorities restrict
exercise of the option), (c)&nbsp;termination of the merger
agreement under circumstances which do not and cannot result in
Avnet becoming entitled to receive a termination fee, and
(d)&nbsp;twelve months after the termination of the merger
agreement under circumstances which do or could result in Avnet
becoming entitled to receive a termination fee, unless during
such twelve month period Avnet does become entitled to a
termination fee.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The option agreement is attached as Appendix&nbsp;B to this proxy
 statement/ prospectus and is incorporated herein by reference.
The inducement agreement is attached as Appendix&nbsp;C to this
proxy statement/ prospectus and is incorporated herein by
reference. The foregoing summaries of the option agreement and
the inducement agreement are not complete descriptions of all
their terms, and are qualified in their entirety by reference to
Appendix&nbsp;B and Appendix&nbsp;C.

<P align="center"><B>Material Federal Income Tax Consequences of the Merger</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The following summary discusses the material federal income tax
consequences of the merger. The summary is based upon the
Internal Revenue Code, applicable treasury regulations thereunder
 and administrative rulings and judicial authority as of the date
 of this proxy statement/ prospectus. All of the foregoing are
subject to change, possibly with retroactive effect, and any
change could affect the continuing validity of the discussion.
The discussion and the opinion of Carter, Ledyard&nbsp;&#38;
Milburn assume that holders of shares of Savoir common stock and
series A preferred stock hold such shares as capital assets.
Further, the discussion does not address the tax consequences
that may be relevant to a particular stockholder subject to
special treatment under certain federal income tax laws, such as
dealers in

<P align="center">38
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<DIV align="left">
securities, traders in securities that elect to use a
mark-to-market method of accounting, tax-exempt organizations,
foreign persons, persons that hold Savoir common stock or series
A preferred stock as part of a straddle or conversion transaction
 and persons who acquired shares of Savoir common stock or series
 A preferred stock through the exercise of employee stock options
 or rights or otherwise as compensation or through a
tax-qualified retirement plan. This discussion does not address
any consequences arising under the laws of any state, locality or
 foreign jurisdiction.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Tax Opinions. </I>It is intended that the merger will be
treated as a &#147;reorganization&#148; within the meaning of
Section&nbsp;368(a) of the Code. Avnet has received an opinion of
 Carter, Ledyard&nbsp;&#38; Milburn that, based on the
assumptions and conditions stated therein, the merger will be
treated for federal income tax purposes as a reorganization
within the meaning of Section&nbsp;368(a) of the Code and that
Avnet, Tactful and Savoir will each be a party to that
reorganization within the meaning of Section&nbsp;368(b) of the
Code. It is a condition to the obligation of Avnet to complete
the merger that its counsel confirm its opinion as of the merger
date, and it is a condition to the obligation of Savoir to
complete the merger that Savoir receive a similar opinion from
its counsel as of the merger date. These opinions will not be
binding on the Internal Revenue Service, and there can be no
assurance that the IRS will agree with the conclusions expressed
in the opinions. The opinions are and will be based in part upon
certain assumptions and certain representations made by Savoir
and Avnet customarily made and given in transactions of this
type.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Tax Consequences of the Merger. </I>In the opinion of Carter,
Ledyard&nbsp;&#38; Milburn, assuming that the assumptions and
representations referred to in the preceding paragraph are true
and complete as of the effective time, the merger will be treated
 as a &#147;reorganization&#148; within the meaning of
Section&nbsp;368(a) of the Code, and each of Avnet, Savoir and
Tactful will be a party to that reorganization within the meaning
 of 368(b) of the Code. As a result, subject to the next
paragraph below, in general, (1)&nbsp;no gain or loss will be
recognized by a holder of Savoir common stock or series A
preferred stock as a result of the conversion of shares of Savoir
 common stock or series A preferred stock into shares of Avnet
common stock pursuant to the merger, (2)&nbsp;the aggregate tax
basis of the shares of Avnet common stock received in the merger
will be the same as the aggregate tax basis of the shares of
Savoir common stock or series A preferred stock converted and
(3)&nbsp;the holding period of the shares of Avnet common stock
received in the merger will include the holding period of shares
of Savoir common stock or series A preferred stock converted.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I>Cash Received in Lieu of Fractional Shares. </I>If a holder of
 shares of Savoir common stock or series A preferred stock
receives cash in lieu of a fractional share of Avnet common
stock, this fractional share interest will be treated as having
been distributed to the holder, and the cash amount will be
treated as received in redemption of the fractional share
interest. In general, the holder will recognize capital gain or
loss equal to the cash amount received for the fractional share
reduced by the portion of the holder&#146;s tax basis in shares
of Savoir common stock or series A preferred stock surrendered
that is allocable to the fractional share interest in Avnet
common stock. The capital gain or loss will be long-term capital
gain or loss if the holder&#146;s holding period in the
fractional share interest for federal income tax purposes is more
 than one year.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>The preceding summary does not purport to be a complete
analysis or discussion of all potential tax effects relevant to
the merger. Savoir stockholders are urged to consult their own
tax advisers as to the specific tax consequences to them of the
merger, including tax return reporting requirements, the
applicability and effect of Federal, State, local, foreign and
other applicable tax laws and the effect of any proposed changes
in the tax laws.</B>

<P align="center"><B>Description of Avnet Common Stock</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The holders of shares of Avnet&#146;s common stock have equal
rights to dividends from funds legally available for dividends
when, as and if declared by Avnet&#146;s board of directors, and
are entitled, upon liquidation, to share ratably in any
distribution in which holders of common stock participate. The
Avnet common stock is not redeemable, has no preemptive or
conversion rights and is not liable for assessments

<P align="center">39

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<DIV align="left">
or further calls. The holders of shares of Avnet&#146;s common
stock are entitled to one vote for each share at all meetings of
shareholders.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Transfer Agent and Registrar for Avnet&#146;s common stock is
 the Bank of New York. Avnet&#146;s common stock is listed on the
 New York Stock Exchange and the Pacific Exchange.

<P align="center"><B>Description of Savoir Common Stock and Series&nbsp;A Preferred
 Stock</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Holders of Savoir common stock are entitled to one vote for each
share held of record on each matter submitted to stockholders.
Holders of series&nbsp;A preferred stock are entitled to
1.1953125 votes for each share and vote, together with the
holders of common stock, on all matters submitted to
stockholders.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Subject to preferences that may be applicable to any shares of
preferred stock outstanding at that time, holders of Savoir
common stock are entitled to receive ratably such dividends as
may be declared by the board of directors out of legally
available funds and to share equally, on a per share basis, in
all assets of Savoir remaining after satisfaction of all
liabilities in the event of dissolution and liquidation. Common
stockholders do not have preemptive rights to subscribe for
common stock or other securities of Savoir and do not have any
rights to convert their common stock into any other securities.
All outstanding shares of common stock and series A preferred
stock are fully paid and nonassessable.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The series A preferred stock is convertible at the option of the
holders, at any time, into common stock of Savoir. Each share of
series&nbsp;A preferred stock is currently convertible into
1.1953125 shares of common stock, subject to adjustment if Savoir
 issues any stock at less than the conversion price.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The series A preferred stock has an eight percent (8%) cumulative
 dividend ($0.19125 per share per quarter), payable in cash or
Savoir common stock at the election of Savoir.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir may redeem the series A preferred stock:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	Before September&nbsp;19, 2001, if the market price for Savoir
	common stock is at least $13.96875 for 30 consecutive trading
	days and the daily trading volume for Savoir common stock for at
	least 25 of those trading days is at least 125,000 shares, at a
	price equal to the liquidation preference for the series A
	preferred stock (presently $9.5625 per share); or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	any time on and after September&nbsp;19, 2001, at a price equal
	to the liquidation preference for the series A preferred stock,
	plus a redemption premium of eight percent (8%), or $0.7726 per
	share.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Upon the dissolution, liquidation or winding up of Savoir, the
holders of series A preferred stock have the right to cash or
other property with a value of $9.5625 per share before the
holders of common stock receive any assets. Upon a change of
control of Savoir, such as the merger, the holders of
series&nbsp;A preferred stock have the right to cash or other
property with a value of $9.6581 per share.

<P align="center"><B>Comparison of Shareholder Rights</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In connection with the merger, Savoir stockholders will receive
common stock of Avnet. Savoir is a Delaware corporation, and
Avnet is a New York corporation. The Savoir certificate of
incorporation and by-laws differ from those of Avnet in
significant ways. Because of differences between Delaware and New
 York law and the differences in the certificates of
incorporation and by-laws of Savoir and Avnet, the rights of
holders of Savoir common stock will change when they receive
Avnet common stock in the merger.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Copies of the Savoir and Avnet certificates of incorporation and
by-laws are available upon request. See &#147;Where You Can Find
More Information&#148; on page&nbsp;54.


<P align="center">40

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<P><HR noshade><P>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Below is a summary of some of the material differences between
Delaware and New York law and the certificates of incorporation
and by-laws of Savoir and Avnet. It is not practical to summarize
 all differences in this proxy statement/ prospectus, but some of
 the principal differences which could materially affect the
rights of Savoir stockholders include the following:

<P align="left"><B>Voting on Business Combinations</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Generally, under Delaware law, the approval by a majority of the
votes represented by all of a corporation&#146;s outstanding
shares entitled to vote is required for a merger or consolidation
 or sale, lease or exchange of all or substantially all the
corporation&#146;s assets. Under the Savoir certificate of
incorporation, holders of series A preferred stock are entitled
to vote on any such transaction, together with the holders of
Savoir common stock as a single class, and each share of series A
 preferred stock entitles the holder to 1.1953125 votes.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Under New York law, such transactions must be approved
(a)&nbsp;in the case of corporations like Avnet that were in
existence on February&nbsp;22, 1998 and that do not expressly
provide in their certificates of incorporation for majority
approval of such transactions, by two-thirds of the votes of all
outstanding shares entitled to vote on the transaction, and
(b)&nbsp;in the case of all other corporations, by a majority of
the votes of all outstanding shares entitled to vote thereon. The
 Avnet certificate of incorporation does not contain a provision
expressly providing for majority approval of such transactions.
New York law also provides that the holders of shares of a class,
 or series of a class, of capital stock of a corporation shall be
 entitled to vote together and to vote as a separate class on any
 merger or consolidation in which (a)&nbsp;such shares will
remain outstanding after the merger or consolidation or will be
converted into the right to receive shares of stock of the
surviving or consolidated corporation or another corporation and
(b)&nbsp;the charter of the surviving or consolidated corporation
 or such other corporation immediately after the effectiveness of
 the merger or consolidation would contain any provision that is
not contained in the charter of the pre-merger corporation and
that, if contained in an amendment thereto, would entitle the
holders of shares of such class or series of a class to vote as a
 separate class pursuant to the procedures under New York law for
 class voting on charter amendments discussed under
&#147;&#151;&nbsp;Amendments to Charters&#148; on page&nbsp;45.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Though not applicable to the merger of Savoir with Tactful, under
 Delaware law, no vote of stockholders of the surviving
corporation in a merger is required (and no dissenters&#146;
rights are available to such stockholders) if the agreement of
merger does not amend in any respect the certificate of
incorporation of the surviving corporation, there is no change in
 the outstanding shares of the surviving corporation as a result
of the merger, and the number of common shares issued or issuable
 in the merger does not exceed 20% of the number outstanding
immediately prior to the merger. New York law has no comparable
provision.

<P align="left"><B>State Takeover Legislation</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Delaware law, in general, prohibits a business combination
between a corporation and an &#147;interested stockholder&#148;
for three years after the time stockholder became an interested
stockholder, unless:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	before that time, the board of directors of the corporation
	approved either the business combination or the transaction that
	resulted in the stockholder becoming an interested stockholder;
	or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	upon consummation of the transaction that resulted in the
	stockholder becoming an interested stockholder, the interested
	stockholder owned at least 85% of the voting stock of the
	corporation outstanding at the time the transaction commenced,
	exclusive of shares owned by directors who are also officers and
	by certain employee stock plans; or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	at or after the time that the stockholder became an interested
	stockholder, the business combination is approved by the board of
	 directors and authorized by the affirmative vote at a
	stockholders&#146; meeting of at least 66&nbsp;2/3% of the
	outstanding voting stock that is not owned by the interested
	stockholder individually or with or through any of its affiliates
	 and associates.</TD>
</TR>

</TABLE>

<P align="center">41
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<P><HR noshade><P>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The term &#147;business combination&#148; includes any merger or
consolidation with or caused by the interested stockholder, and
the sale, pledge, transfer or other disposition (including as
part of a dissolution) of assets of the corporation having an
aggregate market value equal to or greater than 10% of either the
 aggregate market value of all assets of the corporation on a
consolidated basis or the aggregate market value of all the
outstanding stock of the corporation; transactions that would
increase the interested stockholder&#146;s proportionate share
ownership of the stock of any class or series of the corporation
or a subsidiary; and any receipt by the interested stockholder of
 the benefit of any loans, advances, guarantees, pledges or other
 financial benefits provided by or through the corporation or any
 subsidiary.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In general, an &#147;interested stockholder&#148; is any person
who is the owner of 15% or more of the outstanding voting stock
of the corporation, and the affiliates and associates of such
person. The definition of interested stockholder does not include
 (a)&nbsp;persons who owned as of December&nbsp;23, 1987 stock of
 the corporation representing 15% or more of the outstanding
voting stock, (b)&nbsp;persons who received stock of the
corporation representing 15% or more of the outstanding voting
stock as a gift or bequest from a person who owned it before that
 date, or (c)&nbsp;persons whose ownership of the voting stock
rises over the 15% threshold as a result of action taken by the
corporation (such as stock repurchase) unless that person
thereafter acquires additional shares. The term &#147;owner&#148;
 is broadly defined to include any person that individually or
with or through such person&#146;s affiliates or associates,
among other things, beneficially owns such stock, or has the
right to acquire such stock (whether such right is exercisable
immediately or only after the passage of time) pursuant to any
agreement or understanding or upon the exercise of warrants or
options or otherwise or has the right to vote such stock pursuant
 to any agreement or understanding, or has an agreement or
understanding with the beneficial owner of such stock for the
purpose of acquiring, holding, voting or disposing of such stock.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The restrictions of the Delaware business combination law do not
apply to
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	a corporation that elects not to be subject to it, or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	with certain exceptions, a corporation whose voting stock is
	neither</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="5%"></TD>
	<TD width="92%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&nbsp;&nbsp; (a)&nbsp;</TD>
	<TD align="left">
	listed on a national securities exchange or authorized for
	quotation on the Nasdaq Stock Market nor</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&nbsp;&nbsp; (b)&nbsp;</TD>
	<TD align="left">
	held of record by more than 2,000 stockholders.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Because the Savoir certificate of incorporation and the Savoir
by-laws do not opt out of the Delaware business combination law,
it would be applicable to the merger except that the Savoir board
 unanimously approved the merger and the transactions
contemplated by the merger agreement before Avnet became an
interested stockholder.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The business combination provisions of New York law are similar
to the above provisions of Delaware law, except that (i)&nbsp;an
&#147;interested shareholder&#148; under New York law is the
direct or indirect beneficial owner of at least 20% (not 15%) of
the corporation&#146;s voting stock, and (ii)&nbsp;the
corporation may not engage in a business combination (the
definition of which is similar to that under the Delaware law)
with an interested shareholder for a period of five (rather than
three) years, unless the business combination or the purchase of
stock by means of which the interested shareholder became such is
 approved by the corporation&#146;s board of directors in advance
 of such stock purchase, or unless the interested shareholder was
 the beneficial owner of 5% or more of the corporation&#146;s
outstanding voting stock on October&nbsp;30, 1985, and remains so
 until becoming an interested shareholder.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
After the five-year restricted period, an interested shareholder
of a New York corporation may engage in a business combination
with the corporation if the business combination is approved
after the five-year period by the affirmative vote of the holders
 of a majority of the shares of the corporation&#146;s voting
stock other than those beneficially owned by the interested
shareholder and his affiliates and associates, or if the value of
 the aggregate consideration to be paid by the interested
shareholder in connection with the business combination satisfies
 certain &#147;fair price&#148; formulas specified in the
statute, and the interested

<P align="center">42

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<P><HR noshade><P>


<DIV align="left">
shareholder, after becoming such, has not acquired any additional
 shares of voting stock of the corporation, except as provided in
 the statute.
</DIV>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Delaware and New York business combination statutes provide
only limited regulation of certain self-dealing transactions
between a corporation and certain large stockholders. Moreover,
wholly apart from the exceptions mentioned above, there are a
number of additional methods whereby even an interested
stockholder can benefit from a merger or sale of a
corporation&#146;s assets during the first three years (Delaware)
 of five years (New York) after becoming an interested
stockholder. For example, Delaware law provides that if, after an
 interested stockholder becomes such, an acquisition is proposed
by a third party and is approved or not opposed by a majority of
the board of directors who were directors before the interested
stockholder became such, that interested stockholder is no longer
 subject to the three-year restriction and is given at least
20&nbsp;days in which to develop a competing proposal. Also,
under both Delaware law and New York law, a stockholder, prior to
 becoming an interested stockholder, may solicit proxies or
stockholder consents to change the composition of the board of
directors, and the new board which the stockholder has elected or
 helped to elect may approve a business combination with the
stockholder without the statutory delay. Finally, an interested
stockholder may simply acquire control of the corporation, remove
 the incumbent board and thereafter sell assets to third parties
or even (in the case of Delaware) liquidate the corporation,
provided that any dividends or liquidating distributions are made
 to all remaining stockholders pro rata, thus giving minority
stockholders the opportunity to realize their fair share of the
true value of the assets of the corporation.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
It should be noted that the Delaware and New York business
combination statutes
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	do not prohibit tender offers or in any way regulate when, how,
	at what price or by whom they may be made,</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	do not in any way delay the purchase of shares in tender offers,</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	do not interfere with the right of a stockholder, whether
	&#147;interested&#148; or not, to mount a proxy contest to remove
	 incumbent management,</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	do not prevent a stockholder from buying sufficient stock to
	replace existing management immediately, and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	unlike certain other anti-takeover statutes
	(e.g.&nbsp;Indiana&#146;s), do not eliminate or delay a
	stockholder&#146;s right to vote on the election of directors or
	on any other corporate matters except certain defined
	self-dealing transactions.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In addition to a business combination statute, New York law, but
not Delaware law, includes a &#147;greenmail&#148; type of
anti-takeover provision, designed to prevent a corporation from
buying at a premium price a corporate raider&#146;s interest in
the corporation. In general, no publicly held New York
corporation may purchase or agree to purchase more than 10% of
its stock from a shareholder for more than the market value
thereof (as defined) unless the purchase or agreement to purchase
 is approved by the affirmative vote of the board of directors
followed by the affirmative vote of the holders of a majority of
the votes of all outstanding shares entitled to vote thereon, or
such greater percentage as the corporation&#146;s certificate of
incorporation may require. This does not apply when the
corporation offers to purchase shares from all holders of its
stock, or with respect to stock which the holder has owned
beneficially for more than two years.

<P align="left"><B>Appraisal Rights</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Under Delaware law, in general, stockholders of a constituent
corporation in a merger or consolidation have the right to demand
 and receive payment of the fair value of their stock in a merger
 or consolidation. However, except as otherwise provided by
Delaware law, stockholders do not have appraisal rights in a
merger or consolidation if, among other things, their shares are:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	listed on a national securities exchange or, like the Savoir
	common stock, designated as a Nasdaq National Stock Market
	security; or</TD>
</TR>

</TABLE>

<P align="center">43

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<P><HR noshade><P>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	held of record by more than 2,000 stockholders;</TD>
</TR>

</TABLE>

<P align="left">
and, in each case, the consideration such stockholders receive
for their shares in a merger or consolidation consists solely of:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	shares of stock of the corporation surviving or resulting from
	such merger or consolidation;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	shares of stock of any other corporation that at the effective
	date of the merger or consolidation will be either listed on a
	national securities exchange, which is true in the case of the
	Avnet common stock to be issued pursuant to the merger, or
	designated as a national market system security on an
	inter-dealer quotation system by the NASD, or held of record by
	more than 2,000 stockholders;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	cash in lieu of fractional shares of the corporations described
	in the two immediately preceding bullet points; or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	any combination of shares of stock and cash in lieu of fractional
	 shares described in the three immediately preceding bullet
	points.</TD>
</TR>

</TABLE>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
See &#147;Appraisal Rights&#148; on page&nbsp;50.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Shareholders of a New York corporation have the right to dissent
and receive payment of the fair value of their shares, in the
case of certain amendments or changes to the certificate of
incorporation adversely affecting their shares, a merger or
consolidation in which the corporation is a constituent
corporation, any sale, lease, exchange or other disposition of
all or substantially all the corporation&#146;s assets, and
certain share exchanges. Shareholders do not have appraisal
rights with respect to mergers, consolidations and share
exchanges, if their shares are listed on a national securities
exchange or designated as a Nasdaq National Stock Market
security.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The procedures for perfecting appraisal rights are similar under
New York law and Delaware law (see &#147;Appraisal Rights&#148;)
except that New York law provides a procedure for the corporation
 to make a written offer prior to the commencement of litigation
(the &#147;Offer&#148;) to each dissenting shareholder to pay
cash for his or her shares at a specified, uniform price which
the corporation considers to be their fair value. If the
effective date of the corporate action dissented from has
occurred, the Offer must be accompanied by an 80% advance payment
 of the Offer price to each dissenting shareholder who has
submitted his or her stock certificates. If the effective date
has not yet occurred, such advance payment shall be sent
forthwith upon its occurrence. If the corporation and a
dissenting shareholder agree upon a price to be paid for such
dissenting shareholder&#146;s shares within 30&nbsp;days after
the making of the Offer, payment in full must be made by the
corporation within 60&nbsp;days of the date on which the Offer
was made or within 60&nbsp;days of the effective date, whichever
is later. If any dissenting shareholder fails to agree with the
corporation during the aforesaid 30-day period, or if an Offer is
 not made within a specified period of time, only then may a
proceeding for judicial appraisal be commenced.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The concept of &#147;fair value&#148; in payment for shares upon
exercise of dissenters&#146; rights is different under New York
law and Delaware law. Under Delaware law, &#147;fair value&#148;
must be determined exclusive of any element of value arising from
 the accomplishment or expectation of the transaction in
question. New York law does not exclude such element of value but
 mandates that the court should consider the nature of the
transaction and its effect on the corporation and its
shareholders, and the concepts and methods of valuation then
customary in the relevant financial and securities markets.

<P align="center">44
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<P align="left"><B>Amendments to Charters</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Under Delaware law, unless the certificate of incorporation
requires a greater vote, a proposed amendment to the certificate
of incorporation requires an affirmative vote of a majority of
the votes of the outstanding stock entitled to vote thereon, and
a majority of the outstanding stock of each class entitled by
Delaware law or the certificate of incorporation to vote thereon
as a class. Also, the approval of the holders of a majority of
the outstanding shares of any class of capital stock of a
corporation, voting separately as a class, is required, whether
or not entitled to vote by the certificate of incorporation, if
the amendment would
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	increase or decrease the aggregate number of authorized shares of
	 such class (except as provided in the last sentence of this
	paragraph),</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	increase or decrease the par value of the shares of such class,
	or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	alter or change the powers, preferences or special rights of the
	shares of such class so as to affect them adversely.</TD>
</TR>

</TABLE>

<P align="left">
The authorized number of shares of any class of stock may be
increased or decreased (but not below the number of shares of
such class outstanding) by the requisite vote described above if
so provided in the original certificate of incorporation or in
any amendment thereto that created such class of stock or that
was adopted prior to the issuance of any shares of such class, or
 in an amendment authorized by a majority vote of the holders of
shares of such class.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Under New York law, amendments to a certificate of incorporation
generally must be approved by vote of a majority of the votes of
all outstanding shares entitled to vote thereon at a meeting of
shareholders. The approval of a majority of the votes of all
outstanding shares of any class of capital stock of a
corporation, voting separately as a class, is required to approve
 a proposed amendment to a corporation&#146;s certificate of
incorporation, whether or not such holders are otherwise entitled
 to vote on such amendment by the certificate of incorporation,
that:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	would decrease the par value of the shares of such class, change
	any shares of such class into a different number of shares of the
	 same class or into the same or a different number of shares of a
	 different class, alter or change the designation, relative
	rights, preferences or limitations of the shares of such class,
	including the provision of new conversion rights or the
	alteration of any existing conversion rights, so as to affect
	them adversely;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	would exclude or limit the voting rights of such shares, except
	as such rights may be limited by voting rights given to new
	shares then being authorized of any existing or new class or
	series of shares; or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	would subordinate their rights by authorizing shares having
	preferences superior to the rights of such existing shares.</TD>
</TR>

</TABLE>

<P align="left"><B>Amendments to By-laws</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Under Delaware law, the power to adopt, alter and repeal by-laws
is vested in the stockholders, except to the extent that a
corporation&#146;s certificate of incorporation vests concurrent
power in the board of directors. The Savoir certificate of
incorporation authorizes the board of directors to make, amend,
rescind or repeal its by-laws.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Under New York law, except as otherwise provided in the
certificate of incorporation, by-laws may be amended, repealed or
 adopted by a majority of the votes cast by the shares at the
time entitled to vote in the election of directors. When so
provided in the certificate of incorporation or a by-law adopted
by the shareholders, by-laws also may be amended, repealed or
adopted by the board of directors by such vote as may be therein
specified, which vote may be greater than the vote otherwise
prescribed by New York law, but any by-law adopted by the board
of directors may be amended or repealed by the shareholders
entitled

<P align="center">45

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<DIV align="left">
to vote thereon as provided by New York law. The Avnet
certificate of incorporation authorizes the board of directors to
 adopt, amend or repeal its by-laws.
</DIV>

<P align="left"><B>Duration of Proxies</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Under Delaware law, no proxy is valid more than three years after
 its date unless otherwise provided in the proxy. A proxy shall
be irrevocable if it states that it is irrevocable and if, and
only as long as, it is coupled with an interest sufficient in law
 to support an irrevocable power. A proxy may be made irrevocable
 regardless of whether the interest with which it is coupled is
an interest in the stock itself or an interest in the corporation
 generally.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Under New York law, no proxy is valid more than eleven months
after its date unless otherwise provided in the proxy.
Irrevocable proxies may be created for:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	a pledgee;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	a person who has purchased or agreed to purchase the shares;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	a creditor of the corporation who extends credit in consideration
	 of the proxy;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	a person who has contracted to perform services as an officer of
	the corporation if a proxy is required by the employment
	contract; and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	a person designated under a voting agreement.</TD>
</TR>

</TABLE>

<P align="left"><B>Shareholder Action by Written Consent</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Under Delaware law, unless otherwise provided in the certificate
of incorporation, any action required or permitted to be taken at
 a meeting of stockholders may be taken without a meeting,
without prior notice and without a vote, if a written consent or
consents setting forth the action taken is signed by the holders
of outstanding stock having not less than the minimum number of
votes that would be necessary to authorize or take such action at
 a meeting at which all shares entitled to vote upon such action
were present and voted. The Savoir certificate of incorporation
does not include any provision limiting the power of stockholders
 to consent in writing without a meeting.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
New York law provides that shareholder action may be taken
without a meeting upon the written consent of the holders of all
outstanding shares entitled to vote, and also allows, if the
certificate of incorporation so provides, shareholder action
without a meeting upon the written consent of holders of
outstanding shares having not less than the minimum number of
votes that would be necessary to authorize such action at a
meeting at which all shares entitled to vote thereon were present
 and voted. The Avnet certificate of incorporation does not
authorize shareholders to act by less than unanimous written
consent.

<P align="left"><B>Director Nominations and Shareholder Proposals</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Savoir by-laws require that to properly bring a director
nomination or stockholder proposal before the annual meeting, a
stockholder must give notice thereof to the corporate secretary
not less than 35&nbsp;days prior to the meeting; however, if less
 than 50&nbsp;days&#146; notice of the meeting is given to
stockholders, notice by the stockholder must be received by the
earlier of the 15th day following such notice or two days prior
to the date of the meeting.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Avnet certificate of incorporation and by-laws do not impose
any notice requirements for a director nomination or shareholder
proposal. However, any such proposal is subject to the deadlines
and conditions set out in SEC Rule&nbsp;14a-8 if the proponent
wants the proposal to be included in Avnet&#146;s proxy materials
 for a meeting of shareholders.

<P align="center">46

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<P align="left"><B>Special Shareholder Meetings</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Delaware law provides that a special meeting of stockholders may
be called by the board of directors or by such person or persons
as may be authorized by the certificate of incorporation or by
the by-laws. The Savoir by-laws provide that a special meeting of
 stockholders will be held at any time, upon the call of the
president or the board of directors at the request of the holders
 of a majority of the outstanding shares of capital stock
entitled to vote.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
New York law also provides that special meetings of shareholders
may be called by the board of directors and by such persons as
may be authorized in the certificate of incorporation or the
by-laws. The Avnet by-laws provide that special meetings of the
shareholders may be called by the board of directors or the
chairman of the board, president or secretary at the written
request of shareholders owning 75% of the shares entitled to vote
 at the meeting.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
New York law provides that, if, for a period of one month after
the date fixed by or under the by-laws for the annual meeting of
shareholders or, if no date has been so fixed, for a period of
13&nbsp;months after the last annual meeting, there is a failure
to elect a sufficient number of directors to conduct the business
 of the corporation, the board of directors shall call a special
meeting for the election of directors. If such special meeting is
 not called by the board of directors within two weeks after the
expiration of such period or if it is called but there is a
failure to elect such directors for a period of two months after
the expiration of such period, holders of 10% of the votes of the
 shares entitled to vote in an election of directors may, in
writing, demand the call of a special meeting for the election of
 directors.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Under New York law, only such business may be transacted at a
special meeting which is related to the purpose or purposes set
forth in the notice of meeting.

<P align="left"><B>Removal of Directors</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Under Delaware law, a director or directors of Savoir may be
removed with or without cause by the holders of a majority in
voting power of the shares then entitled to vote in an election
of directors.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
New York law provides that any or all of Avnet&#146;s directors
may be removed for cause by vote of the shareholders, and, if the
 certificate of incorporation or the specific provisions of a
by-law adopted by the shareholders so provides, directors may be
removed by action of the board of directors. If the certificate
of incorporation or the by-laws so provide, any or all of the
directors may be removed without cause by vote of the
shareholders. The Avnet certificate of incorporation provides
that directors may be removed without cause by the vote of
shareholders holding a majority of the shares of Avnet common
stock. An action to procure a judgment removing a director for
cause may be brought by the attorney general of New York or by
the holders of 10% of the outstanding shares, whether or not
entitled to vote.

<P align="left"><B>Vacancies</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Under Delaware law, unless otherwise provided in the certificate
of incorporation or the by-laws, vacancies on a board of
directors and newly created directorships resulting from an
increase in the authorized number of directors may be filled by a
 majority of the directors then in office, although less than a
quorum, or by the sole remaining director. In addition, if, at
the time of the filling of any such vacancy or newly created
directorship, the directors in office constitute less than a
majority of the whole board of directors (as constituted
immediately prior to any such increase), the Delaware Court of
Chancery may, upon application of any stockholder or stockholders
 holding at least 10% of the total number of outstanding shares
entitled to vote for such directors, summarily order an election
to fill any such vacancy or newly created directorship, or
replace the directors chosen by the directors then in office. The
 Savoir by-laws provide that any vacancies on the Savoir board
caused by death, resignation or removal, or newly created
directorships resulting from an increase in the number of
directors, shall be filled by the affirmative vote of a majority
of the remaining directors then in office, even though less than
a quorum, or the sole remaining director.

<P align="center">47

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Under New York law, newly created directorships resulting from an
 increase in the number of directors and vacancies occurring on
the board of directors for any reason, except the removal of
directors without cause, may be filled by vote of the board of
directors. However, the certificate of incorporation or by-laws
may provide that such newly created directorships or vacancies
are to be filled by vote of the shareholders. Unless the
certificate of incorporation or the specific provisions of a
by-law adopted by the shareholders provide that the board of
directors may fill vacancies occurring on the board of directors
by reason of the removal of directors without cause, such
vacancies may be filled only by vote of the shareholders. A
director elected to fill a vacancy, unless elected by the
shareholders, will hold office until the next meeting of
shareholders at which the election of directors is in the regular
 order of business and until his or her successor has been
elected and qualified. The Avnet by-laws provide that any vacancy
 on the Avnet board may be filled by a majority vote of the
remaining directors, though less than a quorum. The by-laws also
provide that vacancies resulting from the removal of directors by
 the shareholders with or without cause shall be filled by the
shareholders.

<P align="left"><B>Indemnification of Directors and Officers</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Delaware law and New York law permit a corporation to indemnify
its directors and officers for judgments, fines and other
expenses incurred by them in connection with an action or
proceeding other than an action by or in the right of the
corporation (a &#147;derivative action&#148;). In connection with
 any pending, threatened or completed derivative action, Delaware
 law permits such indemnification only against expenses
reasonably incurred, and New York law permits such
indemnification only against amounts paid in settlement and
reasonable expenses incurred. In New York and Delaware,
indemnification is permitted only if the director or officer has
acted in good faith and in a manner he or she reasonably believed
 to be in or (in Delaware) not opposed to the best interests of
the corporation and, with respect to any criminal proceeding, had
 no reasonable cause to believe his or her conduct was unlawful.
Furthermore, both state&#146;s laws provide that expenses
incurred in defending any action or proceeding may be paid by the
 corporation in advance of the final disposition upon receipt of
an undertaking by or on behalf of the director or officer to
repay the amount if it is ultimately determined that he or she is
 not entitled to be indemnified by the corporation.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In both states, the statutory provisions for indemnification and
advancement of expenses are not exclusive of any other rights to
which those seeking indemnification or advancement of expenses
may be entitled under (in Delaware) any by-law, agreement, vote
of stockholders or disinterested directors or otherwise or (in
New York) in the certificate of incorporation or by-laws or, when
 authorized thereby, in a resolution of directors or shareholders
 or an agreement providing for indemnification. Such other rights
 may, for example, provide for indemnification against (in New
York) judgments and fines and (in Delaware) amounts paid in
settlement which are incurred by the indemnified person in
connection with derivative actions. New York law does not permit
such other indemnification in any case where a judgment or final
adjudication adverse to the director or officer establishes that
his or her acts were committed in bad faith or were the result of
 active and deliberate dishonesty and were material to the cause
of action so adjudicated, or that he personally gained in fact a
financial profit or other advantage to which he was not legally
entitled.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Avnet&#146;s by-laws and Savoir&#146;s certificate of
incorporation and by-laws provide for mandatory indemnification
of directors and officers and advancement of indemnified expenses
 to the full extent now or hereafter permitted by New York law
and Delaware, respectively.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers or persons
 controlling Avnet or Savoir pursuant to the foregoing
provisions, Avnet and Savoir have been informed that, in the
opinion of the SEC, such indemnification is against public policy
 as expressed in the Securities Act and is, therefore,
unenforceable.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Both New York law and Delaware law permit a corporation to
purchase and maintain insurance on behalf of any director or
officer of the corporation against any liability asserted against
 him and incurred by him in such capacity, whether or not the
corporation would have the power to indemnify him against

<P align="center">48

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<DIV align="left">
such liability. The directors and officers of Avnet are currently
 covered as insureds under directors&#146; and officers&#146;
liability insurance. Such insurance, subject to annual renewal
and certain rights of the insurer to terminate, provides an
aggregate maximum of $50,000,000 of coverage for directors and
officers of Avnet and its subsidiaries against claims made during
 the policy period.
</DIV>

<P align="left"><B>Limitation of Personal Liability of Directors</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Delaware law provides that a corporation&#146;s certificate of
incorporation may include a provision limiting the personal
liability of a director to the corporation or its stockholders
for monetary damages for breach of fiduciary duty as a director.
However, no such provision can eliminate or limit the liability
of a director for:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	any breach of the director&#146;s duty of loyalty to the
	corporation or its stockholders;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	acts or omissions not in good faith or that involve intentional
	misconduct or a knowing violation of the law;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	violation of certain provisions of Delaware law;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	any transaction from which the director derived an improper
	personal benefit; or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	any act or omission prior to the adoption of such a provision in
	the certificate of incorporation.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Savoir certificate of incorporation provides that a
director&#146;s liability to Savoir for breach of duty to Savoir
or its stockholders shall be limited to the fullest extent
permitted by Delaware law.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
New York law provides that a corporation&#146;s certificate of
incorporation may contain a provision eliminating or limiting the
 personal liability of directors to the corporation or its
shareholders for damages for any breach of duty in such capacity.
 However, no such provision can eliminate or limit the liability
of any director:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	if a judgment or other final adjudication adverse to such
	director establishes that such director&#146;s acts or omissions
	were in bad faith or involved intentional misconduct or a knowing
	 violation of law, that the director personally gained in fact a
	financial profit or other advantage to which such director was
	not legally entitled, or that the director&#146;s acts violated
	certain provisions of New York law; or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	for any act or omission prior to the adoption of such a provision
	 in the certificate of incorporation.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Avnet certificate of incorporation provides that no director
will be personally liable to Avnet or its shareholders for
damages for any breach of duty as a director, except:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="1%"></TD>
	<TD width="96%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	if a judgment or other final adjudication adverse to him or her
	establishes that his or her acts or omissions were in bad faith
	or involved intentional misconduct or a knowing violation of law,
	 that he or she personally gained in fact a financial profit or
	other advantage to which he or she was not legally entitled, or
	that his or her acts violated the provision of New York law that
	imposes liability on directors who vote for or concur in the
	following corporate actions: (1)&nbsp;the declaration of a
	dividend or other distribution to shareholders when the
	corporation is insolvent or would thereby be made insolvent or
	when the declaration or distribution would be contrary to any
	restrictions in the certificate of incorporation or when the
	stated capital of the corporation would be impaired thereby;
	(2)&nbsp;the purchase of shares of the corporation except out of
	surplus or, under certain limited circumstances, out of stated
	capital; (3)&nbsp;the distribution of assets to shareholders
	after dissolution of the corporation without providing for all
	known liabilities; or (4)&nbsp;the making of a loan to a director
	 unless authorized by vote of the shareholders; or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>&#149;&nbsp;</TD>
	<TD align="left">
	for any act or omission prior to the adoption of this provision
	by the shareholders of Avnet.</TD>
</TR>

</TABLE>

<P align="center">49

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<P><HR noshade><P>

<P align="left"><B>Dividends</B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Delaware law generally permits dividends to be paid by a
corporation (subject to any restrictions in its certificate of
incorporation) out of (a)&nbsp;the corporation&#146;s surplus,
defined as the excess of the net assets of the corporation over
the amount determined to be the capital of the corporation by the
 board of directors (which amount cannot be less than the
aggregate par value of all issued shares of capital stock), or
(b)&nbsp;the corporation&#146;s net profits of the current or the
 preceding fiscal year, or both, unless net assets are less than
the aggregate share capital of all outstanding preferred stock.
Savoir&#146;s certificate of incorporation contains no
restriction on the payment of dividends.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Under New York law, a corporation may declare and pay dividends,
or make other distributions in cash or its bonds or its property,
 on its outstanding shares except when the corporation is
insolvent or would thereby be made insolvent, or when the
declaration, payment or distribution would be contrary to any
restrictions contained in the certificate of incorporation.
Avnet&#146;s certificate of incorporation contains no such
restrictions. In general, dividends may be declared or paid and
other distributions may be made out of surplus only, so that the
net assets of the corporation remaining after such declaration,
payment or distribution shall at least equal the amount of its
stated capital.

<P align="center"><B>Appraisal Rights</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Section&nbsp;262 of the Delaware General Corporation Law provides
 appraisal rights (sometimes referred to as
&#147;dissenters&#146; rights&#148;) under certain circumstances
to stockholders of a Delaware corporation that is involved in a
merger. However, Section&nbsp;262 appraisal rights are not
available to stockholders whose securities are listed on a
national securities exchange or the Nasdaq National Stock Market,
 or held of record by more than 2,000 holders, and who are not
required to accept in exchange for their stock anything other
than stock of another corporation listed on a national securities
 exchange or the Nasdaq National Stock Market, or stock of the
surviving corporation of the merger and, in either case, cash in
lieu of fractional shares. Because the Savoir common stock is
traded on the Nasdaq National Stock Market, and because holders
of Savoir common stock will receive Avnet common stock in the
merger, which is listed on the New York Stock Exchange, holders
of Savoir common stock will not have appraisal rights with
respect to the merger.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Record holders of Savoir series&nbsp;A preferred stock that
follow the appropriate procedures are entitled to appraisal
rights under Section&nbsp;262 in connection with the merger.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>The following discussion is not a complete statement of the
law pertaining to appraisal rights under the Delaware General
Corporation Law and is qualified in its entirety by the full text
 of Section&nbsp;262, which appears as Appendix&nbsp;E to this
proxy statement/prospectus. All references in Section&nbsp;262 to
 a &#147;stockholder&#148; and in this discussion to a
&#147;record holder&#148; are to the record holder of the shares
of series&nbsp;A preferred stock immediately prior to the
effective time of the merger. A person having a beneficial
interest in shares of Savoir series&nbsp;A preferred stock held
of record in the name of another person, such as a broker or
nominee, must act promptly to cause the record holder to follow
the steps summarized below properly and in a timely manner to
perfect appraisal rights.</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Under the Delaware General Corporation Law, record holders of
series&nbsp;A preferred stock who follow the procedures set forth
 in Section&nbsp;262 will be entitled to have their shares of
series&nbsp;A preferred stock appraised by the Delaware Court of
Chancery and to receive payment of the &#147;fair value&#148; of
such shares, exclusive of any element of value arising from the
accomplishment or expectation of the merger, together with a fair
 rate of interest, as determined by the Delaware Court of
Chancery.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A holder of series&nbsp;A preferred stock wishing to exercise
appraisal rights must deliver to Savoir, before the vote on the
adoption of the merger agreement at the special meeting, a
written demand for appraisal of such holder&#146;s series&nbsp;A
preferred stock. The demand must reasonably inform Savoir of the
identity of the holder of record and that the holder intends to
demand an appraisal of the fair value of the shares held. In
addition, a holder of series&nbsp;A preferred stock wishing to
exercise appraisal rights or wishing to preserve


<P align="center">50

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<P><HR noshade><P>

<DIV align="left">
such holder&#146;s right to do so must hold of record such shares
 on the date the written demand for appraisal is made and must
continue to hold such shares through the effective time of the
merger.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>Stockholders electing to exercise their appraisal rights under
 Section&nbsp;262 must not vote for adoption of the merger
agreement. A vote by a stockholder against adoption of the merger
 agreement is not required in order for that stockholder to
exercise appraisal rights. However, if a stockholder returns a
signed proxy but does not specify a vote against adoption of the
merger agreement or a direction to abstain, the proxy, if not
revoked, will be voted for the adoption of the merger agreement,
which will have the effect of waiving that stockholder&#146;s
appraisal rights.</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Only a holder of record of series&nbsp;A preferred stock is
entitled to assert appraisal rights for series&nbsp;A preferred
stock registered in such holder&#146;s name. A demand for
appraisal should be executed by or on behalf of the holder of
record, fully and correctly, as such holder&#146;s name appears
on such holder&#146;s stock certificates, and must state that
such holder intends thereby to demand appraisal of such
holder&#146;s shares of series&nbsp;A preferred stock. If no
number of shares of series&nbsp;A preferred stock is expressly
mentioned, the demand will be presumed to cover all series&nbsp;A
 preferred stock held in the name of the record owner.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If the shares of series&nbsp;A preferred stock are owned of
record in a fiduciary capacity, such as by a trustee, guardian or
 custodian, execution of the demand should be made in that
capacity, and, if the shares of series&nbsp;A preferred stock are
 owned of record by more than one person, as in a joint tenancy
or tenancy in common, the demand should be executed by or on
behalf of all joint owners. An authorized agent, including one or
 more joint owners, may execute a demand for appraisal on behalf
of a holder of record; however, the agent must identify the
record owner or owners and expressly disclose the fact that, in
executing the demand, the agent is agent for such owner or
owners. A record holder, such as a broker who holds series&nbsp;A
 preferred stock as nominee for several beneficial owners, may
exercise appraisal rights with respect to the shares of
series&nbsp;A preferred stock held for one or more beneficial
owners while not exercising such rights with respect to the
series&nbsp;A preferred stock held for other beneficial owners.
In such case, however, the written demand should set forth the
number of shares of series&nbsp;A preferred stock as to which
appraisal is sought.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
All written demands for appraisal of series&nbsp;A preferred
stock should be mailed or delivered to Savoir at
44951&nbsp;Industrial Blvd., Fremont, California 94538,
Attention: Corporate Secretary, so as to be received before the
vote on the adoption of the merger agreement at the special
meeting.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Within 10&nbsp;days after the effective time of the merger,
Savoir must send a notice as to the effectiveness of the merger
to each person who delivered a demand for appraisal. Within
120&nbsp;days after the effective time, Savoir, or any holder of
series&nbsp;A preferred stock entitled to appraisal rights under
Section&nbsp;262 and who has complied with the foregoing
procedures, may file a petition in the Delaware Court of Chancery
 demanding a determination of the fair value of such shares.
Savoir is not under any obligation, and has no present intention,
 to file a petition with respect to the appraisal of the fair
value of the series&nbsp;A preferred stock. Accordingly, it will
be the obligation of the dissenting holders of the shares of
series&nbsp;A preferred stock to initiate all necessary action to
 perfect their appraisal rights within the time prescribed in
Section&nbsp;262.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Within 120&nbsp;days after the effective time, any record holder
of Savoir series&nbsp;A preferred stock who has complied with the
 requirements for exercise of appraisal rights will be entitled
to request in writing a statement from Savoir setting forth the
aggregate number of shares of series&nbsp;A preferred stock with
respect to which demands for appraisal have been received and the
 aggregate number of holders of such shares. Such statement must
be mailed within 10&nbsp;days after the written request has been
received by Savoir or within 10&nbsp;days after expiration of the
 period for delivery of demands for appraisal, whichever is
later.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If a holder of series&nbsp;A preferred stock timely files a
petition for appraisal and serves a copy of such petition upon
Savoir, Savoir will then be obligated within 20&nbsp;days after
such service to file with the Delaware Register in Chancery in
which the petition was filed a duly verified list containing the
names and addresses of all stockholders who have demanded an
appraisal of their shares and with whom agreements as to the
value of their shares have not been reached by Savoir. After
notice to such stockholders as

<P align="center">51
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<P><HR noshade><P>

<DIV align="left">
required by the Delaware Court of Chancery, the Court is
empowered to conduct a hearing on such petition to determine
those stockholders who have complied with Section&nbsp;262 and
who have become entitled to appraisal rights. The Court of
Chancery may require the holders of shares of Savoir
series&nbsp;A preferred stock who demanded payment for their
shares to submit their stock certificates to the Delaware
Register in Chancery for notation of the pendency of the
appraisal proceeding. If any stockholder fails to comply with
such direction, the Delaware Court of Chancery may dismiss the
proceedings as to such stockholder.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
After determining the holders of series&nbsp;A preferred stock
entitled to appraisal, the Delaware Court of Chancery will
appraise the fair value of their shares of series&nbsp;A
preferred stock, exclusive of any element of value arising from
the accomplishment or expectation of the merger, together with a
fair rate of interest, if any, to be paid upon the amount
determined to be the fair value. Holders considering seeking
appraisal should be aware that the fair value of their
series&nbsp;A preferred stock as determined under
Section&nbsp;262 could be more than, the same as or less than the
 value of the Avnet common stock that they would otherwise
receive in the merger if they did not seek appraisal of their
series&nbsp;A preferred stock and that investment banking
opinions as to fairness from a financial point of view are not
necessarily opinions as to fair value under Section&nbsp;262. The
 Delaware Supreme Court has stated that &#147;proof of value by
any techniques or methods which are generally considered
acceptable in the financial community and otherwise admissible in
 court&#148; should be considered in the appraisal proceedings.
More specifically, the Delaware Supreme Court has stated that:
&#147;Fair value, in an appraisal context, measures&#148; that
which has been taken from the stockholder, viz., his
proportionate interest in a going concern. In the appraisal
process the corporation is valued &#145;as an entity,&#146; not
merely as a collection of assets or by the sum of the market
price of each share of its stock. Moreover, the corporation must
be viewed as an on-going enterprise, occupying a particular
market position in the light of future prospects.&#148; In
addition, Delaware courts have decided that the statutory
appraisal remedy, depending on factual circumstances, may or may
not be a stockholder&#146;s exclusive remedy. The Delaware Court
of Chancery will also determine the amount of interest, if any,
to be paid upon the amounts to be received by persons whose
shares of series&nbsp;A preferred stock have been appraised. The
costs of the action may be determined by the Delaware Court of
Chancery and taxed upon the parties as the Delaware Court of
Chancery deems equitable. The Delaware Court of Chancery may also
 order that all or a portion of the expenses incurred by any
holder of series&nbsp;A preferred stock in connection with an
appraisal, including, without limitation, reasonable
attorneys&#146; fees and the fees and expenses of experts
utilized in the appraisal proceeding, be charged pro rata against
 the value of all of the shares of series&nbsp;A preferred stock
entitled to appraisal.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Any holder of series&nbsp;A preferred stock who has duly demanded
 an appraisal in compliance with Section&nbsp;262 will not, after
 the effective time of the merger, be entitled to vote the shares
 of series&nbsp;A preferred stock subject to such demand for any
purpose or be entitled to the payment of dividends or other
distributions on those shares (except dividends or other
distributions payable to holders of record of series&nbsp;A
preferred stock as of a date prior to the effective time).


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
If any holder of series&nbsp;A preferred stock who demands
appraisal of such holder&#146;s shares of series&nbsp;A preferred
 stock under Section&nbsp;262 fails to perfect, or effectively
withdraws or loses such holder&#146;s right to appraisal, as
provided in the Section&nbsp;262, the series&nbsp;A preferred
stock of such holder will be converted into Avnet common stock in
 accordance with the merger agreement (without interest), as more
 fully described under &#147;The Merger Agreement&nbsp;&#151;
Terms of the Merger&#148; on page&nbsp;30. A holder of
series&nbsp;A preferred stock will fail to perfect, or will
effectively lose, the right to appraisal if no petition for
appraisal is filed within 120&nbsp;days after the effective time.
 A holder may withdraw a demand for appraisal by delivering to
Savoir a written withdrawal of the demand for appraisal and an
acceptance of the merger. Any such attempt to withdraw made more
than 60&nbsp;days after the effective time will, however, require
 the written approval of Avnet. Further, once a petition for
appraisal is filed, the appraisal proceeding may not be dismissed
 as to any holder absent court approval.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>Failure to follow the steps required by Section&nbsp;262 for
perfecting appraisal rights may result in the loss of such
rights, in which event a holder of series&nbsp;A preferred stock
will be entitled to receive only the</B>

<P align="center">52

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<P><HR noshade><P>

<DIV align="left">
<B>consideration set forth in the merger agreement for each share
 of Savoir series&nbsp;A preferred stock owned by such holder
immediately prior to the effective time of the merger.</B>
</DIV>

<P align="center"><B>Experts</B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The consolidated financial statements of Savoir at
December&nbsp;31, 1999 and 1998, and for each of the three years
in the period ended December&nbsp;31, 1999, included in
Savoir&#146;s Annual Report on Form&nbsp;10-K/A for the fiscal
year ended December&nbsp;31, 1999, which is incorporated by
reference in this proxy statement/prospectus, have been so
included in reliance on the report of PricewaterhouseCoopers LLP,
 independent accountants, given on the authority of said firm as
experts in auditing and accounting.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The consolidated financial statements and schedules of Avnet as
of July&nbsp;2, 1999 and June&nbsp;26, 1998 and for each of the
three years in the period ended July&nbsp;2, 1999, incorporated
by reference in this proxy statement/prospectus have been audited
 by Arthur Andersen LLP, independent public accountants, as
indicated in their reports with respect thereto, and are
incorporated herein by reference in reliance upon the authority
of that firm as experts in giving such reports.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The consolidated financial statements of Marshall Industries
incorporated by reference in this proxy statement/prospectus from
 Avnet&#146;s Current Report on Form&nbsp;8-K bearing cover date
of October&nbsp;20, 1999, for the fiscal years ended May&nbsp;31,
 1999, 1998 and 1997 have been audited by Arthur Andersen LLP,
independent public accountants, as indicated in their report with
 respect thereto, and are incorporated herein by reference in
reliance upon the authority of that firm as experts in giving
such reports.

<P align="center"><B>Validity of Shares</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The validity of the Avnet common stock to be issued pursuant to
the merger agreement will be passed upon by David&nbsp;R. Birk,
Senior Vice President and General Counsel of Avnet. Mr.&nbsp;Birk
 beneficially owns 43,284 shares of Avnet common stock, which
includes 40,625 shares issuable upon exercise of employee stock
options.

<P align="center"><B>Additional Information for Savoir Stockholders</B>

<P align="left"><B>Independent Auditors Will Be Present At Special Meeting</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Representatives of PricewaterhouseCoopers LLP are expected to be
present at the Savoir special meeting and will have an
opportunity to make a statement if they desire to do so and will
be available to respond to appropriate questions.

<P align="left"><B>Stockholder Proposals for the Next Annual Meeting</B>


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir has not scheduled an annual meeting for 2000 due to the
pending merger. Assuming the merger is completed, no 2000 annual
meeting will be held for Savoir. If the merger is not completed,
an annual meeting of stockholders would be held before the end of
 calendar year 2000. In the event that such a meeting is held,
any proposals of Savoir stockholders intended to be included in
the Savoir proxy statement for such meeting would have to be
received by Savoir at its corporate headquarters,
44951&nbsp;Industrial Blvd., Fremont, California 94538 a
reasonable time before Savoir begins to print and mail its proxy
materials with respect to such meeting.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Stockholder proposals submitted outside the processes of
Rule&nbsp;14a-8 under the Securities Exchange Act of 1934 (<I>
i.e.</I>, a proposal to be presented at the next annual meeting
of Savoir stockholders but <I>not </I>submitted for inclusion in
the Savoir proxy statement for that meeting) must be timely
submitted. Until further notice, to be timely with respect to the
 annual meeting (if one is held), a stockholder&#146;s notice of
business to be brought before that annual meeting would have to
be received in writing by Savoir at its principal executive
office not less than thirty (30)&nbsp;days nor more than ninety
(90)&nbsp;days prior to that

<P align="center">53
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<P><HR noshade><P>

<DIV align="left">
annual meeting. The notice must also contain some additional
information required by Savoir&#146;s by-laws and otherwise
comply with applicable legal requirements.
</DIV>

<P align="center"><B>Where You Can Find More Information</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Avnet has filed with the Securities and Exchange Commission a
Registration Statement on Form&nbsp;S-4 under the Securities Act
that registers the distribution to the Savoir stockholders of the
 Avnet common stock to be issued in the merger. The Registration
Statement, including the attached exhibits and schedules,
contains additional relevant information about Avnet common
stock. The rules and regulations of the SEC allow us to omit
certain information included in the Registration Statement from
this proxy statement/prospectus.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In addition, Savoir and Avnet file reports, proxy statements and
other information with the Commission under the Exchange Act. You
 may read and copy this information at the following locations of
 the Commission:

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="33%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="31%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="30%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" valign="top"><FONT size="2">
	Public Reference Room<BR>
	450 Fifth Street, N.W.<BR>
	Room&nbsp;1024<BR>
	Washington, D.C. 20549</FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	New York Regional Office<BR>
	7 World Trade Center<BR>
	Suite&nbsp;1300<BR>
	New York, New York 10048</FONT></TD>
	<TD></TD>
	<TD align="center" valign="top"><FONT size="2">
	Chicago Regional Office<BR>
	Citicorp Center<BR>
	500 West Madison Street<BR>
	Suite&nbsp;1400<BR>
	Chicago, Illinois<BR>
	60661-2511</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
You may also obtain copies of this information by mail from the
Public Reference Section of the Securities and Exchange
Commission, 450&nbsp;Fifth Street, N.W., Room&nbsp;1024,
Washington,&nbsp;D.C. 20549, at prescribed rates. Further
information on the operation of the SEC&#146;s Public Reference
Room in Washington,&nbsp;D.C. can be obtained by calling the SEC
at 1-800-SEC-0330.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The SEC also maintains an Internet world wide web site that
contains reports, proxy statements and other information about
issuers, such as Savoir and Avnet, who file electronically with
the SEC. The address of that site is http://www.sec.gov.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
You can also inspect reports, proxy statements and other
information about Avnet at the offices of the New York Stock
Exchange, 20&nbsp;Broad Street, New York, New York 10005 and the
offices of the Pacific Exchange, Inc., 301&nbsp;Pine Street,
San&nbsp;Francisco, California 94104.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The SEC allows us to &#147;incorporate by reference&#148;
information into this proxy statement/prospectus, which means
that we can disclose important information to you by referring
you to another document filed separately with the SEC. The
information incorporated by reference is deemed to be part of
this proxy statement/prospectus, except for any information
superseded by information in this proxy statement/prospectus.
This proxy statement/prospectus incorporates by reference the
documents set forth below that Avnet and Savoir previously filed
with the SEC. These documents contain important information about
 Avnet, Savoir and their finances.


<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="50%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="47%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Savoir Filings (File No. 0-11560)</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Period or Date</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Annual Report on Form&nbsp;10-K/A<BR>
	Quarterly Report on Form&nbsp;10-Q</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Fiscal Year ended December&nbsp;31, 1999<BR>
	Quarter ended March&nbsp;31, 2000</FONT></TD>
</TR>

</TABLE>
</CENTER>


<P align="center">54

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<P><HR noshade><P>


<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="49%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="48%">&nbsp;</TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>Avnet Filings (File No. 1-4224)</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap><FONT size="2"><B>Period or Date</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap><HR size="1"></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Annual Report on Form&nbsp;10-K</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Fiscal Year ended July&nbsp;2, 1999</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Quarterly Reports on Form&nbsp;10-Q</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Quarters ended October&nbsp;1, 1999 and March&nbsp;31, 2000</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Current Reports on Form&nbsp;8-K</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Cover dates September&nbsp;28, 1999, October&nbsp;20, 1999,
	December&nbsp;22, 1999, January&nbsp;26, 2000, February&nbsp;8,
	2000 and April&nbsp;25, 2000</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Description of Avnet&#146;s common stock which appears in
	Avnet&#146;s Registration Statement for the registration of the
	common stock under Section&nbsp;12(b) of the Securities Exchange
	Act of 1934.</FONT></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>



<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Avnet and Savoir also incorporate by reference additional
documents that they may file with the SEC between the date of
this proxy statement/prospectus and the date of the Savoir
special meeting. These documents include periodic reports, such
as Annual Reports on Form&nbsp;10-K, Quarterly Reports on
Form&nbsp;10-Q and Current Reports on Form&nbsp;8-K, as well as
proxy statements.


<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Savoir has supplied all information contained or incorporated by
reference in this proxy statement/prospectus relating to Savoir,
and Avnet has supplied all such information relating to Avnet.

<P align="center">55
<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="right"><B>APPENDIX A</B>

<P align="center">
<B>AMENDED AND RESTATED</B>

<P align="center">
<B>AGREEMENT</B>

<P align="center">
<B>AND</B>

<P align="center">
<B>PLAN OF MERGER</B>

<P align="center">
<B>dated as of</B>

<P align="center">
<B>March&nbsp;2, 2000</B>

<P align="center">
<B>by and among</B>

<P align="center">
<B>AVNET, INC.</B>

<P align="center">
<B>and</B>

<P align="center">
<B>TACTFUL ACQUISITION CORP.</B>

<P align="center">
<B>and</B>

<P align="center">
<B>SAVOIR TECHNOLOGY GROUP, INC.</B>

<P align="center">A-1

<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="center"><B>Table of Contents</B>

<CENTER>
<TABLE width="70%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="7%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="81%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Page</B></FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	ARTICLE I</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	THE MERGER</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	1.1</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	The Merger</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-6</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	1.2</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Closing</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-7</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	1.3</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Effective Time</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-7</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	1.4</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Certificate of Incorporation</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-7</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	1.5</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	By-Laws</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-7</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	1.6</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Officers and Directors</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-7</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	1.7</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Conversion of Shares</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-7</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	1.8</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Surrender of Shares; Transfer Books</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-8</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	1.9</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Options and Warrants</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-10</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	1.10</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Affiliates</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-10</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	1.11</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Dissenting Shares</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-11</FONT></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	ARTICLE II</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	REPRESENTATIONS AND WARRANTIES OF COMPANY</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.1</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Organization; Subsidiaries</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-11</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.2</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Capitalization</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-12</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.3</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Authority; Validity</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-12</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.4</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	No Conflict</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-13</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.5</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Consents</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-13</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.6</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Financial Statements; SEC Filings</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-13</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.7</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Tax Matters</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-14</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.8</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Absence of Certain Changes or Events</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-15</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.9</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Material Contracts; Customers and Suppliers</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-15</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.10</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Title and Related Matters</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-16</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.11</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Employee Benefit Plans</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-16</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.12</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Employment Agreements</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-18</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.13</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Legal Proceedings</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-18</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.14</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Compliance with Law; Accuracy of Certain Information</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-18</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.15</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Accuracy of Proxy and Registration Statement and Other
	Information</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-19</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.16</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Insurance</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-19</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.17</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Environmental Matters</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-19</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.18</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Certain Agreements</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-19</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.19</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Intellectual Property</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-20</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.20</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Product Warranties</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-21</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.21</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Labor Matters</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-21</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.22</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Related Party Transactions</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-21</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.23</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	State Takeover Statutes</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-21</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.24</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Brokers; Advisors</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-22</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	2.25</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Full Disclosure</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-22</FONT></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	ARTICLE III</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	REPRESENTATIONS AND WARRANTIES OF PARENT AND BUYER</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	3.1</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Organization</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-22</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	3.2</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Authority; Validity</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-22</FONT></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">A-2

<!-- PAGEBREAK -->
<P><HR noshade><P>

<CENTER>
<TABLE width="70%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="7%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="81%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Page</B></FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	3.3</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	No Conflict</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-22</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	3.4</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Consents</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-22</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	3.5</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Legal Proceedings</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-22</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	3.6</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Financial Statements, SEC Filings</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-23</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	3.7</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	No Material Adverse Effect</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-23</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	3.8</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Compliance with Law</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-23</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	3.9</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Accuracy of Proxy and Registration Statement and Other
	Information</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-23</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	3.10</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Full Disclosure</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-24</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	3.11</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	No Brokers or Finders</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-24</FONT></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	ARTICLE IV</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	COVENANTS</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	4.1</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Access and Information</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-24</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	4.2</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Governmental Filings</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-25</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	4.3</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Consents and Approvals</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-25</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	4.4</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Meeting of Shareholders; Proxy and Registration Statement;
	Listing Application</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-25</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(a) Meeting of Shareholders</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-25</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(b) Proxy and Registration Statement</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-25</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(c) Indemnification</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-26</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(d) Listing Application</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-26</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	4.5</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Conduct of Company Business</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-26</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(a) Ordinary Course</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-26</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(b) Charter Documents</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-26</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(c) Dividends</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-26</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(d) Stock</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-26</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	4.6</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Publicity</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-26</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	4.7</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Notification of Defaults and Adverse Events</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-27</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	4.8</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Satisfy Conditions to Closing</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-27</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	4.9</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Termination Fee</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-27</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	4.10</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Anti-takeover Statutes</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-27</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	4.11</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Indemnification; Insurance</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-27</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(a) Indemnification</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-27</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(b) Insurance</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-28</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	4.12</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Employee Benefits</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-28</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	4.13</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	No Solicitation</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-28</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	4.14</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Consent of Holders of Options</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-29</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	4.15</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Redemption of Series B Preferred Stock</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-29</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	4.16</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Audited Financial Statements</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-29</FONT></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	ARTICLE V</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	CONDITIONS</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	5.1</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Conditions to Obligations of Company, Parent and Buyer</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-29</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(a) Approval</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-29</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(b) Approval from Government Entities</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-30</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(c) Absence of Governmental Litigation</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-30</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(d) Effectiveness of Registration Statement</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-30</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(e) Market Conditions</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-30</FONT></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">A-3

<!-- PAGEBREAK -->
<P><HR noshade><P>

<CENTER>
<TABLE width="70%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="7%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="81%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Page</B></FONT></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	5.2</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Conditions to Obligations of Parent and Buyer</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-30</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(a) Representations and Compliance</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-30</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(b) Tax Opinion</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-30</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(c) No Material Adverse Effect</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-30</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(d) Material Contracts</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-30</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(e) Consent of Option Holders</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-30</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(f) Audited Financial Statements</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-30</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	5.3</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Conditions to Obligations of Company</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-31</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(a) Representations and Compliance</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-31</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(b) Tax Opinion</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-31</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(c) Listing</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-31</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	&nbsp;&nbsp;(d) No Material Adverse Effect</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-31</FONT></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	ARTICLE VI</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	TERMINATION, AMENDMENT AND WAIVER</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	6.1</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Termination and Abandonment</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-31</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	6.2</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Effect of Termination</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-32</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	6.3</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Amendment</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-32</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	6.4</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Extension; Waiver</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-32</FONT></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	ARTICLE VII</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	MISCELLANEOUS</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	7.1</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Termination of Representations and Warranties</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-32</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	7.2</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Expenses</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-32</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	7.3</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Remedies</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-32</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	7.4</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Notices</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-33</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	7.5</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Further Assurances</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-33</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	7.6</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Assignability</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-33</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	7.7</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Governing Law</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-33</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	7.8</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Interpretation</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-33</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	7.9</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Counterparts</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-33</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	7.10</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Integration</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-33</FONT></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	ARTICLE VIII</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" valign="bottom"><FONT size="2">
	DEFINITIONS</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	8.1</FONT></TD>
	<TD></TD>
	<TD align="left" valign="bottom"><FONT size="2">
	Definitions</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">A-34</FONT></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">A-4

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<P><HR noshade><P>

<P align="center"><B>Annexes</B>

<CENTER>
<TABLE width="40%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="31%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="66%">&nbsp;</TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Annex A</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Inducement Agreement</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Annex B</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Option Agreement</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Annex C</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Affiliate Letter</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="center"><B>Schedules</B>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="24%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="73%">&nbsp;</TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Schedule&nbsp;2.1</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Capitalization of Company and Company&#146;s Subsidiaries</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Schedule&nbsp;2.2(a)</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Rights to Acquire Company Common Stock</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Schedule&nbsp;2.4</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Company Required Consents</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Schedule&nbsp;2.8</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Certain Events Company</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Schedule&nbsp;2.9</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Material Contracts; Customers and Suppliers</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Schedule&nbsp;2.10</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Certain Property or Assets</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Schedule&nbsp; 2.11(a)</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Company Employee Benefit Plans</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Schedule&nbsp; 2.11(b)</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Certain Company Benefit Plan Operations</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Schedule&nbsp; 2.11(d)</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Certain Company Benefit Plan Contributions</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Schedule&nbsp; 2.11(e)</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Certain Company Benefit Plan Matters</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Schedule&nbsp; 2.11(i)</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Certain Company Benefits</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Schedule&nbsp;2.12</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Employment Agreements</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Schedule&nbsp;2.13</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Legal Proceedings</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Schedule&nbsp;2.14</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Compliance with Law</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Schedule&nbsp; 2.14(ii)</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Accuracy of Certain Information</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Schedule&nbsp;2.16</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Company Insurance Policies</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Schedule&nbsp;2.17</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Certain Environmental Matters</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Schedule&nbsp;2.19</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Intellectual Property</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Schedule&nbsp;2.20</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Product Warranties</FONT></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Schedule&nbsp;2.22</FONT></TD>
	<TD></TD>
	<TD align="left" valign="top"><FONT size="2">
	Related Party Transactions</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="center">A-5

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<P><HR noshade><P>

<P align="center"><B>Amended and Restated Agreement and Plan of Merger</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>THIS AMENDED AND RESTATED AGREEMENT AND PLAN OF MERGER </B>
(this <B>&#147;Agreement&#148;</B>) is entered into as of
March&nbsp;2, 2000 by and among Avnet, Inc., a New York
corporation (<B>&#147;Parent&#148;</B>), Tactful Acquisition
Corp., a Delaware corporation and a wholly-owned subsidiary of
Parent (<B>&#147;Buyer&#148;</B>), and Savoir Technology Group,
Inc., a Delaware corporation (<B>&#147;Company&#148;</B>).

<P align="center"><B>Recitals</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
WHEREAS, Parent, Buyer and Company entered into an Agreement and
Plan of Merger, dated as of March&nbsp;2, 2000 (the
&#147;Original Merger Agreement&#148;);

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
WHEREAS, Parent, Buyer and Company entered into an Amendment
No.&nbsp;1 to the Original Merger Agreement, dated as of
April&nbsp;19, 2000 (the &#147;Amendment No.&nbsp;1&#148;);

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
WHEREAS, the Parties desire to set forth an amended and restated
agreement and plan of merger incorporating the Original Merger
Agreement, as amended by Amendment No.&nbsp;1, and to further
clarify certain of the provisions contained in the Original
Merger Agreement, as amended;

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
WHEREAS, the Parties desire that the provisions of this Agreement
 shall be effective as of the date of the Original Merger
Agreement;

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
WHEREAS, the respective Boards of Directors of Parent, Buyer and
Company have each approved the acquisition of Company upon the
terms and subject to the conditions set forth herein;

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
WHEREAS, to induce Parent and Buyer to enter into this Agreement,
 (i) certain beneficial and record holders of capital stock of
Company are entering into an Inducement Agreement (the <B>
&#147;Inducement Agreement&#148;</B>) to vote their capital stock
 of Company in favor of the transactions contemplated by this
Agreement, in the form of <B>Annex A </B>to this Agreement, and
(ii)&nbsp;Company is entering into an Option Agreement (the <B>
&#147;Option Agreement&#148;</B>) granting Parent the right to
acquire 2,023,435 shares of the common stock, par value $.01 per
share, of Company (<B>&#147;Company Common Stock&#148;</B>)
representing 15% of the currently outstanding shares of Company
Common Stock upon the terms and conditions set forth therein, in
the form of <B>Annex B </B>to this Agreement;

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
WHEREAS, Parent, Buyer and Company desire to make certain
representations, warranties, covenants and agreements in
connection with this Agreement and prescribe various conditions
to the Merger (as such term is defined below); and

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
WHEREAS, Parent, Buyer and Company first entered into this
Agreement as of March&nbsp;2, 2000, and are amending and
restating this Agreement as of the date hereof to conform it with
 the Certificate of Designations of Terms of the Series&nbsp;A
Preferred Shares (as such term is defined in <B>
Section&nbsp;1.7(b)</B>), to provide for appraisal rights for the
 holders of Series&nbsp;A Preferred Shares, and to make certain
additional amendments and corrections.

<P align="center"><B>Agreement</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
NOW, THEREFORE, in consideration of the foregoing premises and of
 the representations, warranties, covenants and agreements
contained herein, the parties hereto agree as follows:

<P align="center">ARTICLE I

<P align="center">
THE MERGER

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
1.1&nbsp; <I>The Merger. </I>Subject to the terms and conditions
of this Agreement, at the Effective Time (as defined below),
Buyer will be merged with and into Company and the separate
corporate existence of Buyer will thereupon cease (the <B>
&#147;Merger&#148;</B>). Company will be the surviving
corporation in the Merger (sometimes hereinafter referred to as
the <B>&#147;Surviving Corporation&#148;</B>) and will continue
to be governed by the laws of the State of Delaware. The separate
 corporate existence of Company with all its rights, privileges,
immunities,

<P align="center">A-6

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<P><HR noshade><P>

<DIV align="left">
powers and franchises will continue unaffected by the Merger and
Company will succeed to all of the rights and properties of Buyer
 and will be subject to all of the debts and liabilities of
Buyer.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
1.2&nbsp; <I>Closing. </I>The closing of the transactions
contemplated hereby (the <B>&#147;Closing&#148;</B>) will take
place (i)&nbsp;at the offices of Parent at 10:00&nbsp;A.M.,
Pacific Standard time on the second business day after the day on
 which the last of the conditions set forth in <B>Article&nbsp;V
</B>is fulfilled or waived in accordance with this Agreement or
(ii)&nbsp;at such other place and time or on such other date as
the parties hereto may agree (the date of the Closing, the <B>
&#147;Closing Date&#148;</B>).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
1.3&nbsp; <I>Effective Time. </I>Subject to the provisions of
this Agreement and provided that this Agreement has not been
terminated or abandoned pursuant to <B>Article&nbsp;VI</B>, a
certificate of merger (the <B>&#147;Certificate of Merger&#148;
</B>) shall be duly prepared, executed and acknowledged by
Company and thereafter filed with the Secretary of State of
Delaware in accordance with Section&nbsp;251 of the General
Corporation Law of the State of Delaware (the <B>&#147;DGCL&#148;
</B>), on or as soon as practicable after the Closing Date. The
Merger will become effective immediately upon the filing of the
Certificate of Merger (or, if the Certificate of Merger provide
for a subsequent time for effectiveness, at the time thereafter
so provided in the Certificate of Merger); the time of such
effectiveness is hereinafter referred to as the <B>
&#147;Effective Time&#148;</B>; and the date of such
effectiveness is hereinafter referred to as the <B>
&#147;Effective Date.&#148;</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
1.4&nbsp; <I>Certificate of Incorporation. </I>The Certificate of
 Incorporation of Company in effect immediately prior to the
Effective Time will be the Certificate of Incorporation of the
Surviving Corporation at and after the Effective Time until duly
amended in accordance with the terms thereof and the applicable
provisions of the DGCL.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
1.5&nbsp; <I>By-Laws. </I>The By-Laws of Company in effect
immediately prior to the Effective Time will be the By-Laws of
the Surviving Corporation at and after the Effective Time until
duly amended in accordance with the terms thereof and the
applicable provisions of the DGCL; provided, however, that as of
the Effective Time, the second sentence of Section&nbsp;3.2 of
the By-Laws of Company shall be amended to read in its entirety
as follows: &#147;The Board of Directors shall consist of two
directors, until such time as the Board of Directors modifies
such number by amendment to this Section&nbsp;3.2.&#148;

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
1.6&nbsp; <I>Officers and Directors. </I>The persons serving as
directors of Buyer immediately prior to the Effective Time shall
be the initial directors of the Surviving Corporation at and
after the Effective Time, and the individuals specified by Parent
 in writing prior to the Effective Time shall be the initial
officers of the Surviving Corporation at and after the Effective
Time, in each case until their successors have been duly elected
or appointed and qualified or until their earlier death,
resignation or removal in accordance with the Surviving
Corporation&#146;s Certificate of Incorporation and By-Laws.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
1.7&nbsp; <I>Conversion of Shares. </I>Except as otherwise
provided herein, at the Effective Time:

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp; Each share of Company Common Stock issued and
outstanding immediately prior to the Effective Time (other than
shares canceled pursuant to this <B>Section&nbsp;1.7</B>) shall,
by virtue of the Merger and without any action on the part of the
 holder thereof, be converted into the right to receive a number
of fully paid and nonassessable shares of Common Stock of Parent,
 par value $1.00 per share (<B>&#147;Parent Stock&#148;</B>)
equal to the number derived by dividing $7.85 by the Exchange
Price (the <B>&#147;Stock Merger Consideration&#148;</B>); <I>
provided, however</I>, that if between the date of this Agreement
 and the Effective Time the outstanding shares of Company Common
Stock shall have been changed into a different number of shares
or a different class, by reason of any stock dividend,
subdivision, reclassification, recapitalization, split,
combination, or exchange of shares, the Stock Merger
Consideration to be received by the stockholders of the Company
shall be appropriately and correspondingly adjusted to reflect
such stock dividend, subdivision, reclassification,
recapitalization, split, combination or exchange of shares.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(i)&nbsp; The Exchange Price shall be determined as follows:</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="94%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(A)&nbsp; If the Closing Price is less than $50.6654, the
	Exchange Price shall be $50.6654.</TD>
</TR>

</TABLE>

<P align="center">A-7

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<P><HR noshade><P>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="94%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(B)&nbsp; If the Closing Price is equal to or greater than
	$50.6654 and not greater than $68.5472, the Exchange Price shall
	be the Closing Price.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(C)&nbsp; If the Closing Price is greater than $68.5472, the
	Exchange Price shall be $68.5472.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(ii)&nbsp; For purposes of calculating the Exchange Price in <B>
	Section&nbsp;1.7</B>(a), the term <B>&#147;Closing Price&#148;
	</B>means the average of the closing trade prices of Parent Stock
	 for the fifteen consecutive trading days ending on the fifth
	trading day before the date of the meeting of Company&#146;s
	shareholders to vote with respect to the Merger and this
	Agreement (the <B>&#147;Company Shareholders Meeting&#148;</B>),
	as reported on the New York Stock Exchange Composite Tape.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp; Each share of Series&nbsp;A Preferred Stock of Company
(collectively, the <B>&#147;Series&nbsp;A Preferred Shares&#148;
</B>and, collectively with the Company Common Shares, the <B>
&#147;Company Shares&#148;</B>) issued and outstanding
immediately prior to the Effective Time shall, by virtue of the
Merger and without any action on the part of the holder thereof,
be converted into the right to receive the number of shares of
Parent Stock derived by dividing $9.6581, plus any dividends
accrued and unpaid on such share to the Effective Time, by the
average of the closing trade prices of Parent Stock for the five
consecutive trading days ending on the trading day before the
Effective Date, as reported on the New York Stock Exchange
Composite Tape.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c)&nbsp; Each Company Common Share held immediately prior to the
 Effective Time by Company, Parent or Buyer or any of their
wholly-owned subsidiaries (other than shares held in trust or
otherwise in a representative capacity) (the <B>&#147;Canceled
Shares&#148;</B>) shall be retired automatically, and no
consideration shall be payable with respect thereto.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(d)&nbsp; Each share of common stock of Buyer, par value $.01 per
 share, issued and outstanding immediately prior to the Effective
 Time shall, by virtue of the Merger and without any action on
the part of the holder thereof, be converted into one share of
common stock, par value $.01 per share, of the Surviving
Corporation.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
1.8&nbsp; <I>Surrender of Shares; Transfer Books.</I>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp; <I>Exchange Agent. </I>Before the mailing of the Proxy
and Registration Statement, Parent (with the consent of Company,
which will not be unreasonably withheld) will appoint a bank or
trust company to act as exchange agent (the <B>&#147;Exchange
Agent&#148;</B>) for the payment of the Merger Consideration.
Parent will furnish the Exchange Agent forthwith upon the
Effective Time with cash and certificates representing such
number of shares of Parent Stock as the Exchange Agent shall
require in order to transmit the Merger Consideration to
shareholders surrendering certificates that immediately prior to
the Effective Time represented Company Shares in accordance with
paragraph (b)&nbsp;of this <B>Section&nbsp;1.8</B>.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp; <I>Exchange Procedures for Shares of Company Common
Stock. </I>As soon as practicable after the Effective Time,
Parent shall cause the Exchange Agent to transmit to each holder
of record of a certificate that immediately prior to the
Effective Time represented Company Shares (i)&nbsp;a letter of
transmittal (which shall specify that delivery shall be effected,
 and risk of loss and title to such certificates shall pass, only
 upon proper delivery of the certificates to the Exchange Agent
and shall be in customary form) and (ii)&nbsp;instructions for
use in effecting the surrender of such certificates in exchange
for the Merger Consideration. Each holder of an outstanding
certificate or certificates which immediately prior to the
Effective Time represented Company Shares shall, upon surrender
to the Exchange Agent of such certificate or certificates in
accordance with such letter of transmittal, duly executed, and
acceptance thereof by the Exchange Agent, be entitled to a
certificate or certificates representing the number of full
shares of Parent Stock, if any, to be received by the holder
thereof pursuant to this Agreement and the cash, if any, payable
in lieu of any fractional shares. The Exchange Agent will accept
such certificates upon compliance with such reasonable terms and
conditions as the Exchange Agent may impose to effect an orderly
exchange thereof in accordance with normal exchange practices.
After the Effective Time, there will be no further transfer on
the records of the Surviving Corporation or its transfer agent of
 Company Shares which have been converted pursuant to this
Agreement into the right to receive the Merger Consideration, and
 if certificates that immediately prior to the Effective Time
represented Company Shares are presented to the Surviving
Corporation for transfer, they will be canceled against delivery
of certificates for Parent Stock (and cash to the extent required
 by <B>Section&nbsp;1.8</B>(e)). If any certificate for such
Parent Stock is to be issued in, or if cash is to be remitted to,
 a name other than that

<P align="center">A-8

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<DIV align="left">
in which the certificate that formerly represented Company Shares
 surrendered for exchange is registered, it will be a condition
of such exchange that the certificate so surrendered will be
properly endorsed, with signature guaranteed, or otherwise in
proper form for transfer and that the person requesting such
exchange will pay to the Surviving Corporation or its transfer
agent any transfer or other taxes required by reason of the
issuance of certificates for such Parent Stock in a name other
than that of the registered holder of the certificate
surrendered, or establish to the satisfaction of the Surviving
Corporation or its transfer agent that such tax has been paid or
is not applicable. Until surrendered as contemplated by this <B>
Section&nbsp;1.8</B>(b), each certificate that formerly
represented Company Shares which have been converted into the
right to receive the Merger Consideration will be deemed at any
time after the Effective Time to represent only the right to
receive upon such surrender the Merger Consideration as
contemplated by <B>Section&nbsp;1.7 </B>and <B>
Section&nbsp;1.8(e)</B>. No interest will be paid or will accrue
on any cash payable in lieu of any fractional shares of Parent
Stock.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c)&nbsp; <I>Distributions with Respect to Unexchanged Shares.
</I>No dividends or other distributions with respect to Parent
Stock with a record date after the Effective Time will be paid to
 the holder of any unsurrendered certificate that formerly
represented Company Shares with respect to the shares of Parent
Stock to be received in respect thereof and no cash payment in
lieu of fractional shares will be paid to any such holder
pursuant to <B>Section&nbsp;1.8</B>(e)&nbsp;until the surrender
of such certificate in accordance with this <B>Article&nbsp;I</B>
 . Subject to the effect of applicable laws, following surrender
of any such certificate, there will be paid to the holder of the
certificate representing whole shares of Parent Stock issued in
connection herewith, without interest, (i)&nbsp;at the time of
such surrender the amount of any cash payable in lieu of a
fractional share of Parent Stock to which such holder is entitled
 pursuant to <B>Section&nbsp;1.8</B>(e)&nbsp;and the
proportionate amount of dividends or other distributions with a
record date after the Effective Time theretofore paid with
respect to such whole shares of Parent Stock, and (ii)&nbsp;at
the appropriate payment date, the proportionate amount of
dividends or other distributions with a record date after the
Effective Time but before such surrender and a payment date
subsequent to such surrender payable with respect to such whole
shares of Parent Stock.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(d)&nbsp; <I>No Further Ownership Rights in Company Common Stock.
 </I>All Merger Consideration paid upon the surrender for
exchange of certificates that formerly represented Company Shares
 in accordance with the terms of this <B>Article&nbsp;I </B>will
be deemed to have been issued and paid in full satisfaction of
all rights pertaining to the Company Shares represented by such
certificates.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(e)&nbsp; <I>No Fractional Shares; Exchange Agent.</I>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(1)&nbsp; <I>No Fractional Shares. </I>No fractional shares of
	Parent Stock and no certificates or scrip representing fractional
	 shares of Parent Stock will be issued in connection with the
	Merger, and such fractional share interests will not entitle the
	owner thereof to vote or to any rights of a shareholder of the
	Surviving Corporation after the Merger.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(2)&nbsp; <I>Cash Payment in Lieu of Fractional Shares. </I>Each
	record holder of Company Shares converted pursuant to the Merger
	who would otherwise have been entitled to receive a fraction of a
	 share of Parent Stock (after taking into account all Company
	Shares held by such holder) will be entitled to receive, in lieu
	thereof upon surrender of the certificates that immediately prior
	 to the Effective Time represented Company Shares, a cash payment
	 (without interest) in lieu of such fractional share in an amount
	 equal to the product of such fraction multiplied by (A)&nbsp;the
	 Exchange Price, in the case of the Company Common Stock, or
	(B)&nbsp;the average of the closing trade prices of Parent Stock
	for the five consecutive trading days ending on the trading day
	before the Effective Date, as reported on the New York Stock
	Exchange Composite Tape, in the case of the Series&nbsp;A
	Preferred Shares.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(3)&nbsp; <I>Termination of Exchange Agent&#146;s Duties. </I>Any
	 holders of certificates that immediately prior to the Effective
	Time represented Company Shares who have not complied with this
	Article&nbsp;I within six months after the Effective Time will
	thereafter look only to Parent for payment of the Merger
	Consideration.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(4)&nbsp; <I>No Liability. </I>None of Parent, Buyer, Company or
	the Exchange Agent will be liable to any person in respect of any
	 shares of Parent Stock (or dividends or distributions with
	respect thereto) or cash delivered to a public official pursuant
	to any applicable abandoned property, escheat or similar law. If
	any</TD>
</TR>

</TABLE>

<P align="center">A-9

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<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	certificates that immediately prior to the Effective Time
	represented Company Shares have not been surrendered before one
	year after the Effective Time or immediately before such earlier
	date on which any shares of Parent Stock, any cash, in lieu of
	fractional shares of Parent Stock, or any dividends or
	distributions with respect to shares of Parent Stock in respect
	of such certificate would otherwise escheat to or become the
	property of any governmental entity, any such shares, cash,
	dividends or distributions in respect of such certificate shall,
	to the extent permitted by applicable law, become the property of
	 the Surviving Corporation, free and clear of all claims or
	interest of any person previously entitled thereto.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
1.9&nbsp; <I>Options and Warrants. </I>(a)&nbsp;Prior to the
Effective Time, the Board of Directors of Company and the Board
of Directors of Parent (or, if appropriate, respective committees
 thereof) shall adopt appropriate resolutions and take such
action as may be required, under the Company Option Plan (as
defined in <B>Section&nbsp;2.2</B>) and Parent&#146;s 1997 Stock
Option Plan (the <B>&#147;Parent Option Plan&#148;</B>), or
otherwise, such that, at the Effective Time,
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(i)&nbsp; each Option (as defined in <B>Section&nbsp;2.2</B>)
	issued under the Company Option Plan (a <B>&#147;Plan
	Option&#148;</B>), whether or not then exercisable, will be
	converted into an option to acquire shares of Parent Stock,
	under, and subject to the terms and conditions of, the Parent
	Option Plan (or, at the election of Parent, subject to the terms
	and conditions of such Plan Option); provided, that (A)&nbsp;the
	number of shares of Parent Stock subject to such option at
	acquire Parent Stock shall be determined by multiplying the
	number of shares of Company Common Stock subject to such Plan
	Option by a fraction, of which the numerator shall be $7.85 and
	the denominator shall be the Exchange Price (with such share
	number rounded down to the nearest whole number); and
	(B)&nbsp;the exercise price of such option to acquire Parent
	Stock shall be determined by multiplying the exercise price of
	such Plan Option by a fraction, of which the numerator shall be
	the Exchange Price and the denominator shall be $7.85 (with such
	exercise price rounded up to the nearest penny), and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(ii)&nbsp; each Warrant (as defined in <B>Section&nbsp;2.2</B>),
	and each Option other than a Plan Option, whether or not then
	exercisable, will be converted into a right to acquire shares of
	Parent Stock, subject to terms and conditions materially
	equivalent, in the reasonable judgment of the Board of Directors
	of Parent, to the terms and conditions set out in such Warrant or
	 Option; provided, that (A)&nbsp;the number of shares of Parent
	Stock subject to such right shall be determined by multiplying
	the number of Company Common Shares subject to such Warrant or
	Option by a fraction, of which the numerator shall be $7.85 and
	the denominator shall be the Exchange Price; and (B)&nbsp;the
	exercise price of such right shall be determined by multiplying
	the exercise price of such Warrant by a fraction, of which the
	numerator shall be the Exchange Price and the denominator shall
	be $7.85.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp; At the Effective Time, the Company Option Plan and any
other employee stock option plans of Company shall be terminated
automatically and no further stock awards, stock options or stock
 appreciation rights shall be granted thereunder subsequent to
the Effective Time. Company will take all reasonable steps to
insure that none of Parent, Buyer, Company or any of their
respective subsidiaries is or will be bound by any Options,
Warrants, or other options, warrants, rights or agreements that
would entitle any person, other than Parent or its affiliates at
or after the Effective Time to own or acquire any shares of any
capital stock of the Surviving Corporation or any of its
subsidiaries or to receive any payment in respect thereof other
than as provided in this <B>Section&nbsp;1.9</B>. Company will
use its best efforts to obtain, prior to the Effective Time,
written agreements of the holders of all Options and Warrants
legally binding such holders to the foregoing.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
1.10&nbsp; <I>Affiliates. </I>Certificates representing Parent
Stock issued to any person deemed by Parent to be an <B>
&#147;affiliate,&#148; </B>for purposes of Rule&nbsp;145 under
the Securities Act of 1933, as amended (the &#147;Securities
Act&#148;), of Company (<B>&#147;Company Affiliates&#148;</B>)
will bear an appropriate restrictive legend. Within 90 days from
the date of this Agreement, Company will deliver to Parent a list
 of all persons who are then Company Affiliates. Company will
promptly amend or supplement this list as changes occur. Company
will cause each person named in any such list, amendment or
supplement and any other person that Parent considers to be a
Company Affiliate to deliver promptly to Parent a letter
substantially in the form of <B>Annex&nbsp;C </B>to this
Agreement.

<P align="center">A-10

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
1.11&nbsp; <I>Dissenting Shares.</I>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp; If required under the DGCL, notwithstanding any other
provision of this Agreement to the contrary, Series&nbsp;A
Preferred Shares that are outstanding immediately prior to the
Effective Time and which are held by shareholders who have voted
against the Merger and who shall have demanded properly in
writing appraisal for such shares in accordance with the DGCL and
 who shall not have withdrawn such demand or otherwise have
forfeited appraisal rights (collectively, the <B>&#147;Dissenting
 Shares&#148;</B>) shall not be converted into or represent the
right to receive the shares of Parent Stock. Such shareholders
shall be entitled to receive payment of the appraised value of
such Series&nbsp;A Preferred Shares in accordance with the
provisions of the DGCL, except that all Dissenting Shares held by
 shareholders who shall have failed to perfect or who effectively
 shall have withdrawn or lost their rights to appraisal of such
Series&nbsp;A Preferred Shares under the DGCL shall thereupon be
deemed to have been converted into and to have become
exchangeable, as of the Effective Time, for the right to receive,
 without any interest thereon, shares of Parent stock, upon
surrender, in the manner provided in <B>Section&nbsp;1.7(b)</B>.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp; Company shall give Buyer (i)&nbsp;prompt notice of any
demands for appraisal received by Company, withdrawals of such
demands, and any other instruments served pursuant to the DGCL
and received by Company and (ii)&nbsp;the opportunity to direct
all negotiations and proceedings with respect to demands for
appraisal under the DGCL. Company shall not, except with the
prior written consent or Buyer, make any payment with respect to
any demands for appraisal, or offer to settle, or settle, any
such demands.

<P align="center">ARTICLE II

<P align="center">
REPRESENTATIONS AND WARRANTIES OF COMPANY

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Company hereby represents and warrants to, and covenants with,
Parent and Buyer that:

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.1&nbsp; <I>Organization; Subsidiaries.</I>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp; Company is a corporation duly organized, validly
existing and in good standing under the laws of the State of
Delaware, and, except as set forth in <B>Schedule&nbsp;2.1</B>,
each of its Subsidiaries is a corporation duly organized, validly
 existing and in good standing under the laws of its respective
jurisdiction of incorporation and, except as set forth in <B>
Schedule&nbsp;2.1</B>, each of the foregoing is in good standing
as a foreign corporation qualified to do business in each
jurisdiction where the properties owned, leased or operated, or
the business conducted by it require such qualification, except
for such failure to so qualify or to be in such good standing,
which is not reasonably likely to have a Company Material Adverse
 Effect. Each of Company and its Subsidiaries has the requisite
corporate power and authority to own, lease and operate its
properties and to carry on its respective businesses as they are
now being conducted.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp; <B>Schedule&nbsp;2.1 </B>lists all Subsidiaries of
Company and correctly sets forth the capitalization of each such
Subsidiary, the jurisdiction in which Company and each such
Subsidiary is organized or formed and each jurisdiction in which
Company and each such Subsidiary is qualified or licensed to do
business as a foreign corporation. As used in this Agreement, the
 term <B>&#147;Subsidiary&#148; </B>shall mean, with respect to
any party, any corporation or other organization, whether
incorporated or unincorporated or domestic or foreign to the
United States of which (a)&nbsp;such party or any other
Subsidiary of such party is a general partner (excluding such
partnerships where such party or any Subsidiary of such party do
not have a majority of the voting interest in such partnership)
or (b)&nbsp;at least a majority of the securities or other
interests having by their terms ordinary voting power to elect a
majority of the board of directors or others performing similar
functions with respect to such corporation or other organization
is directly or indirectly owned or controlled by such party or by
 any one or more of its Subsidiaries, or by such party and one or
 more of its Subsidiaries. <B>Schedule&nbsp;2.1</B> correctly
lists the current directors and executive officers of Company and
 of each of its subsidiaries. True, correct and complete copies
of the respective charter documents and by-laws of Company and
each of its Subsidiaries as in effect on the date hereof have
been delivered to Buyer.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c)&nbsp; All outstanding securities or other ownership interests
 in each of the Subsidiaries listed on <B>Schedule&nbsp;2.1</B>,
except as set forth on <B>Schedule&nbsp;2.1</B>, are owned of
record and beneficially by Company or another

<P align="center">A-11

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<DIV align="left">
of Company&#146;s wholly-owned subsidiaries, subject to no lien,
claim, charge or encumbrance, and have been duly authorized and
are validly issued, fully paid and nonassessable. Company does
not directly or indirectly own or hold any interest in any
corporation, association or business entity other than those
listed on <B>Schedule&nbsp;2.1</B>. There are no irrevocable
proxies, voting agreements, or voting trusts with respect to any
of the securities or other ownership interests of the
Subsidiaries and no restrictions on Company to vote any of the
stock or other securities of any of the Subsidiaries.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.2&nbsp; <I>Capitalization.</I>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp; The authorized capital stock of Company consists of
(i)&nbsp;25,000,000 shares of Company Common Stock; and
(ii)&nbsp;10,000,000 shares of Preferred Stock, par value $0.01
per share (the <B>&#147;Preferred Stock&#148;</B>), of which
there are designated 2,242,500 shares of Series&nbsp;A Preferred
Stock, 10 shares of Series&nbsp;B Preferred Stock and the
remaining shares of which have not been designated. As of
February&nbsp;24, 2000 (a)&nbsp;13,489,569 shares of Company
Common Stock were issued and outstanding, (b)&nbsp;1,850,012
shares of Series&nbsp;A Preferred Stock and 10 shares of
Series&nbsp;B Preferred Stock were issued and outstanding,
(c)&nbsp;4,743,685 shares of Company Common Stock are reserved
for issuance pursuant to Company&#146;s 1994 Stock Option Plan
(the &#147;Company Option Plan&#148;), under which options to
purchase 2,197,275 shares of Company Common Stock
(&#147;Options&#148;) have been granted, and (d)&nbsp;458,741
shares of Company Common Stock are reserved for issuance under
Company&#146;s 1995 Employee Stock Purchase Plan (the <B>
&#147;ESPP&#148;</B>). All the outstanding shares of
Company&#146;s capital stock are, and all of shares of Company
Common Stock that may be issued pursuant to the exercise of
outstanding Options will be, when issued in accordance with the
terms thereof, duly authorized, validly issued, fully paid and
non-assessable and not subject to preemptive or other similar
rights. <B>Schedule&nbsp;2.2 </B>sets forth a complete and
correct list of the Options (including but not limited to Options
 granted under Company&#146;s Nonstatutory Stock Option Agreement
 and under the Option Agreement dated July&nbsp;26, 1998 between
Company and William&nbsp;H. Welling), including for each the name
 of the Option holder, the date of grant, the expiration date,
and the number of shares subject to such Option. There are no
bonds, debentures, notes or other instruments or evidences of
indebtedness having the right to vote (or convertible into, or
exercisable or exchangeable for, securities having the right to
vote) on any matters on which the stockholders of Company or any
of its Subsidiaries may vote (<B>&#147;Voting Debt&#148;</B>)
issued and outstanding. <B>Schedule&nbsp;2.2</B> sets forth a
complete and correct list of all obligations of Company to issue
shares pursuant to warrant agreements of Company (<B>
&#147;Warrants&#148;</B>). Except as disclosed in <B>
Schedule&nbsp;2.2</B>, (i)&nbsp;there are no shares of capital
stock of Company authorized, issued or outstanding,
(ii)&nbsp;there are no existing options, warrants, calls, rights
(including preemptive rights), subscriptions or other rights,
agreements, arrangements or commitments of any character,
obligating Company or any of its Subsidiaries to issue, transfer
or sell or cause to be issued, transferred or sold any shares of
capital stock or Voting Debt of, or other equity interests in,
Company or any of its Subsidiaries or securities convertible into
 or exchangeable or exercisable for such shares, Voting Debt, or
equity interests, or obligating Company or any of its
Subsidiaries to grant, extend or enter into any such option,
warrant, call, right, subscription or other right, agreement,
arrangement or commitment, and (iii)&nbsp;there are no
outstanding contractual or other obligations of Company or any of
 its Subsidiaries to repurchase, redeem or otherwise acquire any
shares of Company Common Stock, or the capital stock of any
Subsidiary or affiliate of Company or to provide funds to make
any investment (in the form of a loan, capital contribution or
otherwise) in any Subsidiary or any other entity. Except for the
Inducement Agreement, there are not as of the date hereof and
there will not be at the Effective Time any stockholder
agreements, voting trusts or other agreements or understandings
to which Company or any of the Subsidiaries is a party or by
which any of them is bound relating to the voting of any shares
of the capital stock of Company or any agreements, arrangements,
or other understandings to which Company or any of its
Subsidiaries is a party or by which it is bound that will limit
in any way the solicitation of proxies by or on behalf of Company
 from or the casting of votes by, the stockholders of Company
with respect to the Merger. There is no liability for any
dividends or other distributions declared or accumulated but
unpaid with respect to any capital stock of Company.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.3&nbsp; <I>Authority; Validity. </I>Company has the corporate
power and authority to execute and deliver this Agreement and the
 Option Agreement and, subject to approval of this Agreement by
the shareholders of Company in accordance with the applicable
provisions of the DGCL (the <B>&#147;Company Shareholders&#146;
Approval&#148;</B>), to carry out its obligations hereunder and
thereunder. The execution and delivery of this

<P align="center">A-12

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<DIV align="left">
Agreement and the consummation of the transactions contemplated
hereby have been duly authorized by all necessary action on the
part of Company&#146;s Board of Directors. Company&#146;s Board
of Directors has directed that this Agreement and the
transactions contemplated hereby be submitted to Company&#146;s
shareholders for consideration at a meeting of such shareholders
and, except for the Company Shareholders&#146; Approval, no other
 corporate proceedings on the part of Company are necessary to
authorize the execution and delivery of this Agreement, the
Option Agreement and the Inducement Agreement and the
consummation of the transactions contemplated hereby and thereby.
 Upon execution and delivery hereof (assuming that this Agreement
 is the legal, valid and binding obligation of Parent and Buyer),
 this Agreement will be the valid and binding obligation of
Company enforceable against Company in accordance with its terms,
 except as such enforceability may be limited by bankruptcy,
insolvency, reorganization, moratorium and other similar laws and
 equitable principles relating to or limiting creditors rights
generally.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.4&nbsp; <I>No Conflict. </I>Except as set forth on <B>
Schedule&nbsp;2.4</B>, neither Company nor any of its
Subsidiaries nor any of its or their assets is subject to or
obligated under any charter, bylaw, Contract, or other instrument
 or permit, or subject to any law, statute, rule, regulation,
judgment, order, decree or award, which would be defaulted,
breached, terminated, forfeited or violated by or in conflict
with (or upon the failure to give notice or the lapse of time, or
 both, would result in a default, breach, termination, forfeiture
 or conflict with Company&#146;s execution, delivery and
performance of this Agreement and the Option Agreement and the
transactions contemplated hereby and thereby except where such
event or occurrence is not reasonably likely to result in losses,
 liabilities, costs or expenses, damage or decline in value to
the business, condition or properties of Company&#146;s Business
(collectively, <B>&#147;Losses&#148;</B>) that, individually or
in the aggregate, would have a Company Material Adverse Effect.
Except as set forth on <B>Schedule&nbsp;2.4 </B>and except for
compliance with the HSR Act, Company&#146;s execution, delivery
and performance of this Agreement and the Option Agreement and
the transactions contemplated hereby and thereby will not result
in the creation of any lien, pledge, security interest or other
encumbrance on the assets of Company or any of its Subsidiaries
or result in any change in the rights or obligations of any party
 under or the acceleration of (with or without the giving of
notice or the lapse of time), any provision of any Material
Contract of Company or any of its Subsidiaries or any change in
the rights or obligations of Company or any of its Subsidiaries
under any law, statute, rule, regulation, judgment, order, decree
 or award or permit or license to which Company or any of its
Subsidiaries is subject except where such encumbrance or change
would not, individually or in the aggregate, reasonably be likely
 to have a Company Material Adverse Effect.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.5&nbsp; <I>Consents. </I>Except as set forth on <B>
Schedule&nbsp;2.5 </B>and other than (i)&nbsp;the filing of the
Certificate of Merger as provided in <B>Section&nbsp;1.3</B>,
(ii)&nbsp;the filing with the SEC and the NYSE of the Proxy and
Registration Statement, (iii)&nbsp;such consents (including the
Company Shareholders&#146; Approval), orders, approvals,
authorizations, registrations, declarations and filings as may be
 required under the DGCL, applicable state securities laws and
the securities laws of any foreign country, (iv)&nbsp;such
filings as may be required under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended (the <B>&#147;HSR Act&#148;
</B>) and (v)&nbsp;such local consents, orders, approvals,
authorizations, registrations, declarations and filings which, if
 not obtained or made would not, individually or in the
aggregate, reasonably be likely to have a Company Material
Adverse Effect, and that would not impair, prohibit or prevent
the consummation of the transactions contemplated hereby, no
consent of any Person not a party to this Agreement, or consent
of or filing with (including any waiting period) any domestic or
foreign court, commission, governmental body, regulatory agency,
authority or tribunal (a <B>&#147;Governmental Entity&#148;</B>)
is required to be obtained or performed on the part of Company to
 permit the Merger and the other transactions contemplated
hereby.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.6&nbsp; <I>Financial Statements; SEC Filings.</I>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp; Company has delivered to Buyer the unaudited
consolidated balance sheet of Company as of December&nbsp;31,
1999 and the consolidated statements of income,
shareholders&#146; equity and cash flows for the years ended
December&nbsp;31, 1999 and 1998. All financial statements
delivered pursuant to this <B>Section&nbsp;2.6</B>(a)&nbsp;are in
 accordance with the books and records of Company and have been
prepared in accordance with generally accepted accounting
principles consistently applied throughout the periods indicated.
 All consolidated balance sheets included in such financial
statements present fairly in all material respects the
consolidated financial position of Company as of the dates
thereof. Except as and to the extent reflected or

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<DIV align="left">
reserved against in such consolidated balance sheet (including
the notes thereto), as of December&nbsp;31, 1999, Company did not
 have any liabilities or obligations (absolute or contingent) of
a nature required by generally accepted accounting principles to
be reflected in a consolidated balance sheet as of such date. All
 consolidated statements of income present fairly in all material
 respects the consolidated results of operations of Company for
the periods indicated. All accounts receivable appearing on such
consolidated balance sheet arose from bona fide sales of products
 or services in the ordinary course of business consistent with
past practice and are current and collectible in the amounts
appearing thereon, net of any allowances for bad debts and
customer returns. All inventories appearing on such consolidated
balance sheet are owned by Company or its Subsidiaries free and
clear of any liens or encumbrances and are of merchantable
quality and in good condition and, to the extent such inventories
 are not of merchantable quality or in good condition,
appropriate reserves have been provided therefor. Since
December&nbsp;31, 1999, Company has not made any changes in the
accounting principles it has followed theretofore in preparing
its consolidated financial statements, and all transactions have
been recorded in Company&#146;s accounting records in the same
manner as theretofore.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp; Since January&nbsp;1, 1998, Company has filed with the
SEC all forms, statements, reports and documents (including all
exhibits, amendments and supplements thereto) required to be
filed by it under the Securities Act, the Exchange Act and the
respective rules and regulations thereunder (such forms,
statements, reports and documents are collectively referred to as
 the <B>&#147;Company SEC Filings&#148;</B>). Company has
delivered or made available to Buyer accurate and complete copies
 of all of the Company SEC Filings.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c)&nbsp; As of their respective dates, (i)&nbsp;each of
Company&#146;s past Company SEC Filings was, and each of its
future Company SEC Filings will be, prepared in compliance in all
 material respects with the applicable requirements of the
Securities Act and the Exchange Act; and (ii)&nbsp;none of its
past Company SEC Filings did, and none of its future Company SEC
Filings will, contain any untrue statement of a material fact or
omit to state a material fact required to be stated therein or
necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(d)&nbsp; Except as set forth on <B>Schedule&nbsp;2.6</B>(d),
neither Company nor any of its Subsidiaries is obligated to make
earnout payments or other similar payments of cash or securities
arising from completed acquisitions of businesses by Company and
its Subsidiaries to the former owners of such businesses.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.7&nbsp; <I>Tax Matters.</I>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp; Company and each of its Subsidiaries has filed all Tax
Returns required to be filed by it, except where failures to make
 such Tax Returns would not, individually or in the aggregate,
have a Company Material Adverse Effect, and all such Tax Returns
are complete and accurate in all material respects. Company and
each of its Subsidiaries has paid (or Company has paid on its
behalf) all Taxes shown as due on such Tax Returns. The most
recent financial statements referred to in <B>Section&nbsp;2.6
</B>reflect an adequate reserve for all Taxes payable by Company
and its Subsidiaries for all taxable periods and portions thereof
 accrued through the date of such financial statements and no
liabilities for Taxes have been incurred by Company or any of its
 Subsidiaries subsequent to such date other than in the ordinary
course of its business.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp; No action, suit, investigation, audit, claim,
assessment or adjustment is pending or proposed or threatened in
writing with respect to a material amount of Taxes of Company or
any of its Subsidiaries.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c)&nbsp; There is no agreement or other document extending, or
having the effect of extending, the period of assessment or
collection of any material amount of Taxes and no power of
attorney with respect to any Taxes has been executed or filed
with any taxing authority.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(d)&nbsp; No material liens for Taxes exist with respect to any
assets or properties of Company or any of its Subsidiaries,
except for statutory liens for Taxes not yet due.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(e)&nbsp; None of Company or any of its Subsidiaries is a party
to or is bound by any Tax sharing agreement, Tax indemnity
obligation or similar agreement, arrangement or practice with
respect to a material amount of Taxes (including any advance
pricing agreement, closing agreement or other agreement relating
to Taxes with any taxing authority), and none of Company or any
Subsidiary has been a member of any group of

<P align="center">A-14

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<DIV align="left">
corporations filing federal, state, local or foreign Tax Returns
on a combined or consolidated basis other than each such group of
 which it is currently a member.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(f)&nbsp; None of Company or any of its Subsidiaries shall be
required to include in a taxable period ending after the
Effective Time a material amount of taxable income attributable
to income that accrued in a prior taxable period but was not
recognized in any prior taxable period as a result of the
installment method of accounting.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(g)&nbsp; All material amounts of Taxes which Company or any
Subsidiary is required by law to withhold or to collect for
payment have been duly withheld and collected, and have been paid
 or accrued.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(h)&nbsp; Neither Company nor any of its Subsidiaries has filed a
 consent pursuant to Section&nbsp;341(f) of the Internal Revenue
Code of 1986, as amended, and the Treasury Regulations thereunder
 (the &#147;Code&#148;) or agreed to have Section&nbsp;341(f)(2)
of the Code apply to any disposition of a subsection
(f)&nbsp;asset (as such term is defined n Section&nbsp;341(f)(2)
of the Code) owned by Company or any of its Subsidiaries.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(i)&nbsp; Neither Company nor any of its Subsidiaries is a party
to any agreement, contract or arrangement that could result,
separately or in the aggregate, in the payment of any
&#147;excess parachute payments&#148; within the meaning of
Section&nbsp;280G of the Code or that would not be deductible
pursuant to the terms of section 162(m) of the Code.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(j)&nbsp; Neither Company nor any of its Subsidiaries is a
&#147;United States real property holding corporation&#148;
within the meaning of Section&nbsp;897(c)(2) of the Code.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(k)&nbsp; None of Company or any of its Subsidiaries has agreed,
or is otherwise required, to make any adjustments pursuant to
Code Section&nbsp;481(a) or any similar provision of state, local
 or foreign law, or has any application pending with any taxing
authority requesting permission for a change in accounting
methods.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.8&nbsp; <I>Absence of Certain Changes or Events. </I>Except as
set forth on <B>Schedule&nbsp;2.8 </B>(or disclosed in the
Company SEC Filings since December&nbsp;31, 1999), since
December&nbsp;31, 1999, there has not been (a)&nbsp;any event
which has resulted in, or is likely to result in, a Company
Material Adverse Effect; (b)&nbsp;any declaration, setting aside
or payment of any dividend (whether in cash, stock or property)
in respect of the capital stock of Company, or any redemption or
other acquisition of such stock by Company; (c)&nbsp;any increase
 in the compensation payable or to become payable by Company to
its officers or key employees, except those occurring in the
ordinary course of business, or any material increase in any
bonus, insurance, pension or other employee benefit plan, payment
 or arrangement made to, for or with any such officers or key
employees; or (d)&nbsp;any labor dispute, other than routine
matters, none of which is material to Company&#146;s Business.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.9&nbsp; <I>Material Contracts; Customers and Suppliers. </I><B>
Schedule&nbsp;2.9 </B>lists each of the Contracts to which
Company or any of its Subsidiaries is a party or to which
Company, any of its Subsidiaries or any of their respective
properties is subject or by which any thereof is bound as of the
date hereof (i)&nbsp;that would be required by
Item&nbsp;601(b)(10) of SEC Regulation&nbsp;S-K to be filed as an
 exhibit to an Annual Report on Form&nbsp;10-K, (ii)&nbsp;that
relates to MIS (data processing) equipment or other capital
equipment in the amount of $50,000 or more, (iii)&nbsp;that is in
 the amount of $50,000 or more and contains any provision
prohibiting or limiting assignment thereof (including by merger
or otherwise by operation of law) allowing another party to
terminate or change any term or provision thereof in the event of
 any change in control or merger of Company or any of its
subsidiaries, or (iv)&nbsp;pursuant to which Company or any of
its Subsidiaries has the right to borrow money or obtain any
financial accommodation (each a <B>&#147;Material Contract&#148;
</B>) except for those Contracts listed as exhibits to
Company&#146;s Annual Report on Form&nbsp;10-K for the fiscal
year ending December&nbsp;31, 1998 or disclosed in Company SEC
Filings since December&nbsp;31, 1998. Except as set forth on <B>
Schedule&nbsp;2.9</B>, no breach or default, alleged breach or
default or event which would (with the passage of time, notice or
 both) constitute a breach or default thereunder by Company or
any of its Subsidiaries, as the case may be, or, to
Company&#146;s knowledge, any other party or obligor with respect
 thereto, has occurred, except where such breaches or defaults,
individually or in the aggregate, would not be reasonably likely
to have a Company Material Adverse Effect. To Company&#146;s
knowledge, no party to any Material Contract intends to cancel,
withdraw, modify or amend such Material Contract. <B>
Schedule&nbsp;2.9 </B>also lists any customers to whom Company
sold products in an amount in excess of $2,300,000 during the
fiscal year ended December&nbsp;31, 1999 (<B>&#147;Principal
Customers&#148;</B>).

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<DIV align="left">
<B>Schedule&nbsp;2.9 </B>also lists any suppliers for whom
Company sold products in an amount in excess of $5,000,000 during
 the fiscal year ended December&nbsp;31, 1999 (<B>&#147;Principal
 Suppliers&#148;</B>). Except as set forth on <B>
Schedule&nbsp;2.9</B>(ii), no Principal Customers or Principal
Suppliers has advised Company that it intends to terminate its
relationship with Company as a result of the consummation of the
transaction contemplated by this Agreement. Except as set forth
in <B>Schedule&nbsp;2.9</B>, neither Company nor any of its
affiliates is a party to, or in negotiations for the purpose of
entering into, any agreement to acquire a majority of the voting
securities of, or substantially all of the assets of, any Person
or any business division of any Person.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.10&nbsp; <I>Title and Related Matters. </I><B>
Schedule&nbsp;2.10 </B>sets forth a list of parcels of real
property owned or leased by Company or any of its Subsidiaries,
including all sales and distribution facilities and all corporate
 support and distribution centers. Except as set forth in <B>
Schedule&nbsp;2.10</B>, Company has good and indefeasible title
to all of its properties, interests in properties and assets,
real and personal, reflected in Company&#146;s December&nbsp;31,
1999 consolidated balance sheet or acquired after
December&nbsp;31, 1999 or necessary to conduct its business as
now conducted (except properties, interests on properties and
assets sold or otherwise disposed of since December&nbsp;31, 1999
 in the ordinary course of business), free and clear of all
mortgages, liens, pledges, charges or encumbrances of any kind or
 character, except (a)&nbsp;the lien of current taxes not yet due
 and payable, (b)&nbsp;liens for mechanics&#146;, carriers&#146;,
 workmens&#146;, repairmens&#146;, landlord, statutory or common
law liens either not delinquent or being contested in good faith,
 (c)&nbsp;such imperfections of title, liens, restrictions,
variances and easements as do not materially detract from the
value of or interfere with the value or the present or presently
contemplated future use of the properties subject thereto or
affected thereby, or otherwise materially impair the present or
presently contemplated future business operations at such
properties and (d)&nbsp;liens securing debt which is reflected on
 Company&#146;s December&nbsp;31, 1999 consolidated balance
sheet. The plants and equipment of Company that are necessary to
the operation of Company&#146;s Business are in good operating
condition and repair (subject to normal wear and tear). All
properties material to the operations of Company are reflected in
 Company&#146;s December&nbsp;31, 1999 consolidated balance sheet
 to the extent generally accepted accounting principles require
the same to be reflected.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.11&nbsp; <I>Employee Benefit Plans.</I>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp; <B>Schedule&nbsp;2.11</B>(a)&nbsp;lists all employee
benefit and compensation plans, programs, policies, agreements
and commitments (other than oral employment agreements that are
terminable at will by the employer without additional cost)
covering any employee or former employee, or the beneficiary of
either, of Company or any entity which would be aggregated at any
 relevant time with Company pursuant to Section&nbsp;414(b), (c),
 (m), or (o)&nbsp;of the IRC (referred to herein as a <B>
&#147;Company ERISA Affiliate&#148;</B>), providing benefits in
the nature of pension, profit sharing, deferred compensation,
retirement, severance, bonus, incentive compensation, stock
option, stock bonus, stock purchase, health, medical, life,
disability, sick leave, vacation, or other welfare or fringe
benefits, including, without limitation, all employee benefit
plans (as defined in Section&nbsp;3(3) of ERISA (referred to
herein as the <B>&#147;Company ERISA Plans&#148;</B>), and fringe
 benefit plans (as defined in IRC Section&nbsp;6039D) (together
with Company ERISA Plans referred to herein as the <B>
&#147;Company Benefit Plans&#148;</B>). Except as set forth on
<B>Schedule&nbsp;2.11</B>(a), neither Company nor any Company
ERISA Affiliate has ever contributed to, or been obligated to
contribute to, (i)&nbsp;a multiemployer plan (as defined in
Section&nbsp;3(37) of ERISA) or (ii)&nbsp;a Company Benefit Plan
subject to Title IV of ERISA.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp; Except as set forth on <B>Schedule&nbsp;2.11</B>(b),
each Company Benefit Plan is currently, and has been in the past,
 operated and administered in all material respects in compliance
 with its terms and with the requirements of all applicable Laws,
 including, without limitation, ERISA and the IRC. Each Company
Benefit Plan which is, or was, intended to qualify under IRC
Section&nbsp;401(a) (referred to herein as a <B>&#147;Qualified
Plan&#148;</B>) is, or was, so qualified and either (i)&nbsp;has
been determined by the IRS to be so qualified by the issuance of
a favorable determination letter a copy of which has been
furnished to Parent, which remains in effect as of the date
hereof and, to Company&#146;s knowledge, nothing has occurred
since the date of such letter to cause such letter to be no
longer valid, or (ii)&nbsp;is within the <B>&#147;remedial
amendment period&#148; </B>as defined in IRC Section&nbsp;401(b)
and the regulations thereunder. Except as set forth on <B>
Schedule&nbsp;2.11</B>(b), all reports, notices and other
documents required to be filed with any Governmental Entity or
furnished to employees or participants with respect to the
Company Benefit Plans have been timely filed or furnished. With
respect to the most recent Form&nbsp;5500 regarding each funded
Company Benefit Plan, benefit liabilities do not exceed

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<DIV align="left">
assets, and no material adverse change has occurred with respect
to the financial materials covered thereby since the last
Form&nbsp;5500.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c)&nbsp; No liability under Subtitle&nbsp;C or D of
Title&nbsp;IV of ERISA has been or is expected to be incurred by
Company or any of its subsidiaries with respect to any ongoing,
frozen or terminated <B>&#147;single-employer plan&#148;</B>,
within the meaning of Section&nbsp;4001(a)(15) of ERISA,
currently or previously maintained by any of them, or the
single-employer plan of any Company ERISA Affiliate. Company and
its subsidiaries have not incurred and do not expect to incur any
 withdrawal liability with respect to a multiemployer plan under
Subtitle&nbsp;E of Title&nbsp;IV of ERISA (regardless of whether
based on contributions of an ERISA Affiliate). No notice of a <B>
&#147;reportable event&#148; </B>within the meaning of
Section&nbsp;4043 of ERISA for which the 30-day reporting
requirement has not been waived or extended, other than pursuant
to PBGC Reg. Section&nbsp;4043.66, has been required to be filed
for any Company ERISA Plan or by any Company ERISA Affiliate
within the 12-month period ending on the date hereof.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(d)&nbsp; Except as set forth on <B>Schedule&nbsp;2.11</B>(d),
all contributions required to be paid on or prior to the date
hereof to or with respect to any Company Benefit Plan by its
terms or applicable law have been paid in full and proper form.
Neither any Company ERISA Plan nor any single-employer plan of a
Company ERISA Affiliate has an <B>&#147;accumulated funding
deficiency&#148; </B>(whether or not waived) within the meaning
of IRC Section&nbsp;412 or Section&nbsp;302 of ERISA and no
Company ERISA Affiliate has an outstanding funding waiver.
Neither Company nor any of its subsidiaries has provided, or is
required to provide, security to any Company ERISA Plan or to any
 single-employer plan of a Company ERISA Affiliate pursuant to
IRC Section&nbsp;401(a)(29).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(e)&nbsp; Except as set forth on <B>Schedule&nbsp;2.11</B>(e),
the transactions contemplated by this Agreement (i)&nbsp;do not
constitute or result in a severance or termination of employment
under any Company Benefit Plan for which severance or termination
 benefits may be payable with respect to any employee covered
thereby, (ii)&nbsp;accelerate the time of payment or vesting or
increase the amount of benefits due under any Company Benefit
Plan or compensation to any employee of Company, or
(iii)&nbsp;result in any payments (including parachute payments)
or funding (through grants or otherwise) of compensation or
benefits under any Company Benefit Plan or Law or result in any
obligation or liability of Company to any employee of Company or
any Company ERISA Affiliate or (iv)&nbsp;result in payments under
 any Company Benefit Plan which would not be deductible under IRC
 Section&nbsp;162(m) or IRC Section&nbsp;280G.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(f)&nbsp; Neither Company nor any Company ERISA Affiliate, nor to
 Company&#146;s knowledge any other <B>&#147;disqualified
person&#148; </B>or <B>&#147;party in interest&#148; </B>(as
defined in IRC Section&nbsp;4975 and Section&nbsp;3(14) of ERISA,
 respectively) with respect to any Company ERISA Plan has engaged
 in any transaction in violation of Section&nbsp;406 of ERISA for
 which no class, individual or statutory exemption exists or any
<B>&#147;prohibited transaction&#148; </B>(as defined in IRC
Section&nbsp;4975(c)(1)) for which no class, individual or
statutory exemption exists under IRC Section&nbsp;4975(c)(2) or
(d), nor has any such person who is a <B>&#147;fiduciary&#148;
</B>(as defined in Section&nbsp;3(21) of ERISA) of any Company
ERISA Plan breached or participated in the breach of any
fiduciary obligation imposed pursuant to Part&nbsp;4 of
Title&nbsp;I of ERISA.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(g)&nbsp; There are no actions, suits, disputes or claims pending
 or, to Company&#146;s knowledge, threatened (other than routine
claims for benefits) or legal, administrative or other
proceedings or governmental investigations pending or, to
Company&#146;s knowledge, threatened, against or with respect to
any Company Benefit Plan or the assets of any Company Benefit
Plan.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(h)&nbsp; Under each Company ERISA Plan which is a
single-employer plan, as of the last day of the most recent plan
year ended prior to the date hereof, the actuarially determined
present value of all <B>&#147;benefit liabilities&#148;</B>,
within the meaning of Section&nbsp;4001(a)(16) of ERISA (as
determined on the basis of the actuarial assumptions contained in
 the Plan&#146;s most recent actuarial valuation), did not exceed
 the then current value of the assets of such Plan, and there has
 been no material change in the financial condition of such Plan
since the last day of the most recent plan year. The withdrawal
liability of Company and its Subsidiaries under each Company
ERISA Plan which is a multiemployer plan to which Company, any of
 its subsidiaries or any ERISA Affiliate has contributed during
the preceding 12&nbsp;months, determined as if a <B>
&#147;complete withdrawal,&#148; </B>within the meaning of
Section&nbsp;4203 of ERISA, had occurred as of the date hereof,
does not exceed $100,000.

<P align="center">A-17

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(i)&nbsp; Except as set forth on <B>Schedule&nbsp;2.11</B>(i), no
 Company Benefit Plan provides or provided health or medical
benefits (whether or not insured) with respect to current or
former employees of Company or its subsidiaries beyond their
retirement or other termination of service (other than coverage
mandated by statutory law). Company or its subsidiaries may amend
 or terminate any such Company Benefit Plan at any time without
incurring any liability themselves.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(j)&nbsp; Each Company ERISA Plan that is an <B>&#147;employee
welfare benefit plan&#148; </B>as that term is defined in
Section&nbsp;3(1) of ERISA is either (as identified on <B>
Schedule&nbsp;2.11</B>(a)): (i)&nbsp;funded through an insurance
company contract, (ii)&nbsp;funded throughout a tax-exempt <B>
&#147;VEBA&#148; </B>trust or (iii)&nbsp;unfunded. There is no
liability in the nature of a retroactive rate adjustment or
loss-sharing or similar arrangement, with respect to any Company
ERISA Plan which is an employee welfare benefit plan.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(k)&nbsp; Company has provided to Parent true and complete copies
 of the following with respect to each of the Company Benefit
Plans: (i)&nbsp;each plan document and summary plan description
if any; (ii)&nbsp;each trust agreement, insurance policy or other
 instrument relating to the funding thereof; (iii)&nbsp;the most
recent Annual Report (Form&nbsp;5500 series) and associated
schedules filed with the IRS or the United States Department of
Labor for each Company Benefit Plan required to make such filing;
 (iv)&nbsp;the most recent audited financial statement report, if
 any; (v)&nbsp;the most recent actuarial report if any; and
(vi)&nbsp;a description of each unwritten Company Benefit Plan
and the individuals covered thereby.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(l)&nbsp; All Company Benefit Plans maintained outside of the
United States comply in all material respects with applicable
local law. Company and its subsidiaries have no material unfunded
 liabilities with respect to any such Company Benefit Plan.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(m)&nbsp; The Board of Directors of Company has adopted
resolutions terminating the ESPP in accordance with
Section&nbsp;18 thereof, effective as of the date hereof, or as
soon hereafter as practicable and legally permissible, and
providing that no shares of Company Common Stock shall be issued
for the current participation period thereunder and that the
amount in each participant&#146;s plan account thereunder shall
be refunded to such participant in cash pursuant to
Section&nbsp;9(d) thereof.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(n)&nbsp; The Board of Directors of Company (through its Options
Committee or other body duly exercising the powers thereof) has
adopted resolutions approving the conversion of the Options in
the manner set forth in Section&nbsp;1.9(a) and declaring that
such conversion constitutes an assumption of the Options in
accordance with Section&nbsp;8(b) of the Company Option Plan.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.12&nbsp; <I>Employment Agreements. </I>Except as set forth on
<B>Schedule&nbsp;2.12</B>, none of Company or any of its
Subsidiaries is a party to any employment, consulting,
non-competition, severance, or indemnification agreement with any
 current or former executive officer or director or employee of
Company or any of its Subsidiaries. True and complete copies of
the agreements set forth on <B>Schedule&nbsp;2.12 </B>have been
furnished to Parent prior to the date hereof. Neither Company nor
 any of its Subsidiaries is a party to any collective bargaining
agreement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.13&nbsp; <I>Legal Proceedings. </I><B>Schedule&nbsp;2.13 </B>
sets forth a list of all legal proceedings pending to which
Company or any of its Subsidiaries is a party, except
(i)&nbsp;all workers&#146; compensation claims which are fully
insured, and (ii)&nbsp;receivables collections for less than
$50,000 where Company is the plaintiff and related countersuits.
There is no pending or, to Company&#146;s knowledge, threatened
judicial or administrative proceeding or investigation affecting
Company or any of its Subsidiaries that if resolved adversely to
it would reasonably be likely to result in a Company Material
Adverse Effect or could reasonably be expected to impair
Company&#146;s ability to consummate the Merger.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.14&nbsp; <I>Compliance with Law; Accuracy of Certain
Information. </I>Except as set forth on <B>Schedule&nbsp;2.14</B>
, all licenses, franchises, permits and other governmental
authorizations (collectively, <B>&#147;Licenses&#148;</B>) held
by Company and its Subsidiaries that are material in connection
with Company&#146;s Business are valid and sufficient for all
business presently carried on by Company. No suspension,
cancellation or termination of any such material Licenses is
threatened or imminent. Except as set forth on <B>
Schedule&nbsp;2.14</B>, Company&#146;s Business is being
conducted in compliance with all applicable Laws and is not being
 conducted in violation of any Law, except for violations which
either individually or in the aggregate are not reasonably likely
 to result in a

<P align="center">A-18

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<DIV align="left">
Company Material Adverse Effect. Any and all past litigation
concerning Licenses and all claims and causes of action raised
therein have been finally adjudicated. No such License has been
revoked, conditioned (except as may be customary) or restricted
and no action (equitable, legal or administrative), arbitration
or other process is pending, or to the Company&#146;s knowledge,
threatened in writing which in any way challenges the validity
of, or seeks to revoke, condition or restrict any such License.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.15&nbsp; <I>Accuracy of Proxy and Registration Statement and
Other Information.</I> On the date on which Company mails to its
shareholders the Proxy and Registration Statement, on the date
the Company Shareholders Meeting is held, and on the Effective
Date, the Proxy and Registration Statement will contain all
material statements concerning Company which are required to be
set forth therein in accordance with the Exchange Act; and at
such respective times, the Proxy and Registration Statement will
not include any untrue statement of a material fact or omit to
state any material fact with respect to Company required to be
stated therein or necessary to make the statements therein not
misleading. Notwithstanding the foregoing, Company makes no
representation or warranty with respect to any information
concerning Buyer or any of Buyer&#146;s Subsidiaries or advisors
included or incorporated by reference in the Proxy and
Registration Statement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.16&nbsp; <I>Insurance. </I><B>Schedule&nbsp;2.16 </B>lists all
of Company&#146;s insurance policies. All properties of Company
and its subsidiaries are insured for their respective benefits,
in amounts customary and reasonable for the line of business of
Company and against all risks usually insured against by Persons
operating similar properties in the localities where such
properties are located under valid and enforceable policies
issued by insurers of recognized responsibility, except where
failure to so insure would not be reasonably likely to have a
Company Material Adverse Effect. Neither Company nor any of its
subsidiaries is in default under any such policy or bond, and all
 such policies are in full force and effect, with all premiums
due thereon paid. Company and its subsidiaries have timely filed
claims with their respective insurers with respect to all matters
 and occurrences for which they believe they have coverage except
 for such failures as are not reasonably likely to result in a
Company Material Adverse Effect.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.17&nbsp; <I>Environmental Matters.</I>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp; Each of the Company and each of its Subsidiaries is,
and at all times has been, in compliance with all local, state
and federal statutes, orders, rules, ordinances, regulations,
codes and policies and all judicial or administrative
interpretations thereof (collectively, <B>&#147;Environmental
Laws&#148;</B>) relating to pollution or protection of the
environment, including, without limitation, laws relating to
exposures, emissions, discharges, releases or threatened releases
 of Hazardous Substances (as hereinafter defined) into or on
land, ambient air, surface water, groundwater, personal property
or structures (including the protection, cleanup, removal,
remediation or damage thereof), or otherwise related to the
manufacture, processing, distribution, use, treatment, storage,
disposal, transport, discharge or handling of Hazardous
Substances. Neither the Company nor any Subsidiary has received
any notice of any investigation, claim or proceeding against the
Company relating to Hazardous Substances or any action pursuant
to or violation or alleged violation under any Environmental Law,
 and the Company is not aware of any fact or circumstance that
could involve the Company or any Subsidiary in any environmental
litigation, proceeding, investigation or claim or impose any
environmental liability upon the Company or any Subsidiary that
would reasonably be expected to have a Company Material Adverse
Effect.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp; To the knowledge of the Company, there are no Hazardous
 Substances in, under or about the soil, sediment, surface water
or groundwater on, under or around any properties at any time
owned, leased or occupied by the Company or any Subsidiary.
Neither the Company nor any Subsidiary has disposed of any
Hazardous Substances on or about such properties. There is no
present release or threatened release of any Hazardous Substances
 in, on, under or around such properties. Neither the Company nor
 any Subsidiary has disposed of any materials at any site being
investigated or remediated for contamination or possible
contamination of the environment.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.18&nbsp; <I>Certain Agreements.</I> Except as set forth in <B>
Schedule&nbsp;2.18</B>, neither the Company nor any of its
Subsidiaries is a party to any Benefit Plan, any of the benefits
of which will be increased, or the vesting of the benefits of
which will be accelerated, by the occurrence of any of the
transactions contemplated by this Agreement or the value of any
of the benefits of which will be calculated on the basis of any
of the transactions

<P align="center">A-19

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<DIV align="left">
contemplated by this Agreement, where the liability that would
reasonably be expected to result would have a Company Material
Adverse Effect.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.19&nbsp; <I>Intellectual Property.</I>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp; The Company and each of its Subsidiaries owns, or is
licensed or otherwise possesses legally sufficient rights to use,
 all patents, trademarks, trade names, service marks, copyrights,
 and any applications therefor, technology, know-how, computer
software programs or applications (in both source code and object
 code form) and tangible or intangible proprietary information or
 material that are used or proposed to be used in the business of
 the Company or such Subsidiary, as currently conducted in any
material respect. <B>Schedule&nbsp;2.19 </B>lists all current
patents, registered and material unregistered copyrights, trade
names and service marks, any domain name, and any applications
therefor owned by the Company (the <B>&#147;Company Intellectual
Property Rights&#148;</B>), and specifies the jurisdictions in
which each such Company Intellectual Property Right has been
issued or registered or in which an application for such issuance
 and registration has been filed, including the respective
registration or application numbers and the names of all
registered owners. <B>Schedule&nbsp;2.19 </B>includes and
specifically identifies all third-party patents, trademarks, and
copyrights (including software) (the <B>&#147;Third Party
Intellectual Property Rights&#148;</B>) which are incorporated
in, are, or form a part of, any product of the Company or any of
its Subsidiaries. <B>Schedule&nbsp;2.19 </B>lists (i)&nbsp;any
requests the Company or any Subsidiary has received to make any
registration of the type referred to in the penultimate sentence
prior hereto, including the identity of the requester and the
item requested to be so registered, and the jurisdiction for
which such request has been made; (ii)&nbsp;all material
licenses, sublicenses and other agreements as to which the
Company or any of its Subsidiaries is a party and pursuant to
which any person is authorized to use any Company Intellectual
Property Right, or any trade secret material to the Company; and
(iii)&nbsp;all material licenses, sublicenses and other
agreements as to which the Company or any of its Subsidiaries is
a party and pursuant to which the Company or any of its
Subsidiaries is authorized to use any Third Party Intellectual
Property Rights, or other trade secret of a third party in or as
any product, and includes the identity of all parties thereto, a
description of the nature and subject matter thereof, the
applicable royalty and the term thereof.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp; Neither the Company nor any of its Subsidiaries is, nor
 will it be as a result of the execution and delivery of this
Agreement or the performance of its obligations hereunder, in
violation of any license, sublicense or agreement described in
<B>Schedule&nbsp;2.19</B>. Except as set forth in <B>
Schedule&nbsp;2.19</B>, no claims with respect to the Company
Intellectual Property Rights, any trade secret material to the
Company or Third Party Intellectual Property Rights to the extent
 arising out of any use, reproduction or distribution of such
Third Party Intellectual Property Rights by or through the
Company or any of its Subsidiaries, are currently pending or, to
the knowledge of the Company, are threatened by any person,
(i)&nbsp;to the effect that the manufacture, sale, licensing or
use of any product as now used, sold or licensed or proposed for
use, sale or license by the Company or any of its Subsidiaries
infringes on any patent, trademark, trade name, service mark,
copyright, or trade secret; (ii) against the use by the Company
or its Subsidiaries of any patent, trademarks, trade names,
copyrights, trade secrets, technology, know-how or computer
software programs and applications used in the business of the
Company or any of its Subsidiaries as currently conducted or as
proposed to be conducted; (iii)&nbsp;challenging the ownership,
validity or effectiveness of any of the Company Intellectual
Property Rights or other trade secret material to the Company and
 its Subsidiaries, or (iv)&nbsp;challenging the Company&#146;s or
 any of its Subsidiaries&#146; license or legally enforceable
right to use of the Third Party Intellectual Property Rights. To
the Company&#146;s knowledge, after reasonable investigation, all
 patents, registered trademarks, trade names, service marks, and
copyrights held by the Company or any of its Subsidiaries are
valid and subsisting. To the Company&#146;s knowledge, there is
no material unauthorized use, infringement or misappropriation of
 any of the Company Intellectual Property Rights by any third
party, including any employee or former employee of the Company
or any of its Subsidiaries. Neither the Company nor any of its
Subsidiaries (A)&nbsp;has been sued or charged in writing as a
defendant in any claim, suit, action or proceeding such involves
a claim or infringement of trade secrets, any patents,
trademarks, service marks, or copyrights and which has not been
finally terminated prior the date hereof or been informed or
notified by any third party that the Company may be engaged in
such infringement or (B)&nbsp;has knowledge of any infringement
liability with respect to, or

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<DIV align="left">
infringement by, the Company or any of its Subsidiaries of any
trade secret, patent, trademark, service mark, or copyright of
another.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c)&nbsp; Neither the execution and delivery of this Agreement by
 the Company nor the consummation by the Company of the
transactions contemplated by this Agreement will result in any
breach of or constitute a default (or an event that with notice
or lapse of time or both would become a default), or impair the
Company&#146;s or any of its Subsidiaries&#146; rights or alter
the rights or obligations of any third party under, or give to
others any rights of termination, amendment, acceleration or
cancellation of, any license agreement, contract or other
arrangement of any nature relating to Company Intellectual
Property Rights or Third Party Intellectual Property Rights.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(d)&nbsp; <B>Schedule&nbsp;2.19 </B>contains a complete and
accurate list of any proceedings before any patent or trademark
authority to which the Company or a Subsidiary is a party, a
description of the subject matter of each proceeding, and the
current status of each proceeding, including, without limitation,
 interferences, priority contests, opposition, and protests. Such
 list includes any pending applications for reissue or
reexamination of a patent. The Company or a Subsidiary has the
exclusive right to file, prosecute and maintain any such
applications for patents, copyrights or trademarks and the
patents and registrations that issue therefrom.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(e)&nbsp; Each employee of the Company and its Subsidiaries has
executed a confidentiality, invention and copyright agreement
with the Company in the forms previously delivered to Parent.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.20&nbsp; <I>Product Warranties.</I> Except as set forth in <B>
Schedule&nbsp;2.20</B>, all products are sold or licensed by the
Company and its Subsidiaries pursuant to terms that provide
(a)&nbsp;the Company&#146;s disclaimer of all warranties, express
 or implied, including those of merchantability and fitness for a
 particular purpose; (b)&nbsp;the Company&#146;s disclaimer of
all consequential damages arising from the use or possession of
the product, regardless of whether such liability is based in
tort, contract or otherwise; and (c)&nbsp;language stating that
if the foregoing disclaimers are held to be unenforceable, the
Company&#146;s maximum liability shall not exceed the amount of
money(ies) paid for such product(s).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.21&nbsp; <I>Labor Matters.</I> There are no controversies
pending or, to the knowledge of the Company, threatened, between
the Company or any of its Subsidiaries and any group of their
respective employees. Neither the Company nor any of its
Subsidiaries is a party to any collective bargaining agreement or
 other labor union contract applicable to persons employed by the
 Company or its Subsidiaries nor does the Company know of any
activities or proceedings of any labor union to organize any such
 employees; and neither the Company or any of its Subsidiaries
has breached or otherwise failed to comply with any provision of
any such agreement or contract and there are no grievances
outstanding against any such parties under any such agreement or
contract. There are no unfair labor practice complaints pending
against the Company or any of its Subsidiaries before the
National Labor Relations Board or any current union
representation questions involving employees of the Company or
any of its Subsidiaries. The Company has no knowledge of any
strikes, slowdowns, work stoppages, lockouts, or threats thereof,
 by or with respect to any employees of the Company or any of its
 Subsidiaries. The Company has no knowledge of any strikes,
slowdowns, work stoppages, lockouts, or threats thereof, by or
with respect to any employees of the Company or any of its
Subsidiaries. No consent of any union which is a party to any
collective bargaining agreement with the Company or any of its
Subsidiaries is required to consummate the transactions
contemplated by this Agreement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.22&nbsp; <I>Related Party Transactions.</I> Except as set forth
 in the Company SEC Filings or <B>Schedule&nbsp;2.22</B>, no
director, officer, or <B>&#147;affiliate&#148; </B>(as such term
is defined in Rule&nbsp;12b-2 under the Exchange Act) of the
Company (a)&nbsp;has outstanding any indebtedness or other
similar obligations of the Company or any of its Subsidiaries,
other than ordinary course of business travel advances or
(b)&nbsp;other than employment related benefits agreements
contemplated by or disclosed in this Agreement, is a party to any
 legally binding contract, commitment or obligation to, from or
with the Company or any of its Subsidiaries.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.23&nbsp; <I>State Takeover Statutes.</I> The action of the
Board of Directors of the Company in approving the Merger, this
Agreement, the Option Agreement and the Inducement Agreement and
the transactions

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<DIV align="left">
contemplated hereby and thereby is sufficient to render
inapplicable to the Merger, this Agreement, the Option Agreement
and the Inducement Agreement the provisions of Section&nbsp;203
of the DGCL.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.24&nbsp; <I>Brokers; Advisors.</I> No broker, investment
banker, financial advisor or other person, other than Alliant
Partners and Tucker, Anthony, Cleary, Gull, the fees and expenses
 of which will be paid by the Company (and are reflected in
agreements between Alliant Partners and Tucker, Anthony, Cleary,
Gull, respectively, and the Company, complete copies of which
have been furnished to Parent), is entitled to any broker&#146;s,
 finder&#146;s, financial advisor&#146;s or other similar fee or
commission in connection with the transactions contemplated by
this Agreement based upon arrangements made by or on behalf of
the Company. A true and complete estimate of the fees and costs
of all financial and accounting advisors and legal counsel
retained by Company in connection with the negotiation and
consummation of the Merger is set forth in Schedule&nbsp;2.24.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
2.25&nbsp; <I>Full Disclosure.</I> No representation or warranty
by the Company herein (including the Schedules and Exhibits
hereto) or in any certificate furnished by or on behalf of the
Company to Parent in connection herewith, taken together with all
 the other information provided to Parent or its counsel in
connection with the transactions contemplated hereby, contains or
 will contain any untrue statement of a material fact or omits or
 will omit to state a material fact necessary in order to make
the statements herein or therein, in the light of the
circumstances under which they were made, not misleading.

<P align="center">ARTICLE III

<P align="center">
REPRESENTATIONS AND WARRANTIES OF PARENT AND BUYER

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Parent and Buyer hereby represent and warrant to Company as
follows:

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
3.1&nbsp; <I>Organization. </I>Parent is a corporation duly
organized, validly existing and in good standing under the laws
of the State of New York, and has corporate power to carry on its
 business as it is now being conducted. Buyer is a corporation
duly organized, validly existing and in good standing under the
laws of the State of Delaware, and has corporate power to carry
on its business as it is now being conducted.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
3.2&nbsp; <I>Authority; Validity. </I>Parent and Buyer have all
corporate power and authority to execute and deliver this
Agreement and to carry out their respective obligations
hereunder. The execution and delivery of this Agreement and the
consummation of the transactions contemplated hereby have been
duly authorized by all necessary action on the part of the Board
of Directors of Parent and Buyer, and no other corporate
proceedings on the part of Parent or Buyer are necessary to
authorize this Agreement and the transactions contemplated
hereby. Upon execution and delivery hereof (assuming that this
Agreement is the legal, valid and binding obligation of Company),
 this Agreement will be the valid and binding obligation of
Parent and Buyer enforceable against Parent and Buyer in
accordance with its terms, except as such enforceability may be
limited by bankruptcy, insolvency, reorganization, moratorium and
 other similar laws relating to or limiting creditors rights
generally and equitable principles.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
3.3&nbsp; <I>No Conflict. </I>Neither Parent, Buyer nor any of
their respective assets is subject to or obligated under any
charter, bylaw, Contract, or other instrument or any permit, or
subject to any statute, rule, order or decree, which would be
defaulted, breached, terminated, forfeited or violated by or in
conflict (or upon the failure to give notice or the lapse of
time, or both, would result in a default, breach, termination,
forfeiture or conflict) with its this Agreement and the
transactions contemplated hereby except where such event or
occurrence (i)&nbsp;as of the date hereof is not reasonably
likely to result in Losses that, individually or in the
aggregate, would reasonably be likely to have a Parent Material
Adverse Effect; or (ii)&nbsp;between the date hereof and the
Closing Date would not, individually or in the aggregate,
reasonably be likely to have a Parent Material Adverse Effect.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
3.4&nbsp; <I>Consents. </I>Except as contemplated by this
Agreement, no consent of any Person not a party to this
Agreement, nor consent of or filing with (including any waiting
period) any Governmental Entity, is required to be obtained or
performed on the part of Parent and Buyer to permit the Merger.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
3.5&nbsp; <I>Legal Proceedings. </I>Except as otherwise disclosed
 by Parent to Company there is no pending or, to Parent&#146;s
knowledge, threatened judicial or administrative proceeding or
investigation affecting Parent that if

<P align="center">A-22

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<DIV align="left">
resolved adversely to Parent would reasonably be likely to result
 in a Parent Material Adverse Effect or could reasonably be
expected to impair its ability to consummate the Merger.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
3.6&nbsp; <I>Financial Statements, SEC Filings.</I>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp; Parent has delivered copies of the following financial
statements to Company: (i)&nbsp;the consolidated balance sheet of
 Parent at July&nbsp;2, 1999 and the consolidated statements of
income, shareholders&#146; equity and cash flows for the years
ended July&nbsp;2, 1999 and June&nbsp;26, 1998, in each case
including the notes thereto and the related report of Arthur
Andersen LLP, independent certified public accountants, and
(ii)&nbsp;the unaudited consolidated balance sheet of Parent at
December&nbsp;31, 1999 and the unaudited consolidated statements
of income, shareholders&#146; equity and cash flows for the
six-month period ended December&nbsp;31, 1999 in each case
including any notes thereto.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp; All financial statements delivered pursuant to <B>
Section&nbsp;3.6</B>(a)&nbsp;hereof are in accordance with the
books and records of Parent and have been prepared in accordance
with generally accepted accounting principles consistently
applied throughout the periods indicated (except as may be
indicated in the notes thereto or, in the case of the unaudited
statements, as permitted by Form 10-Q of the SEC). All
consolidated balance sheets included on such financial statements
 present fairly in all material respects the consolidated
financial position of Parent as of the dates thereof (subject, in
 the case of the unaudited statements, to customary
reclassification year-end adjustments). Except as and to the
extent reflected or reserved against in such consolidated balance
 sheets (including the notes thereto) as of December&nbsp;31,
1999, Parent did not have any liabilities or obligations
(absolute or contingent) of a nature required by generally
accepted accounting principles to be reflected in a consolidated
balance sheet as of such date. All consolidated statements of
income included on such financial statements present fairly in
all material respects the consolidated results of operations of
Parent for the periods indicated.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c)&nbsp; Since January&nbsp;1, 1998, Parent has filed with the
SEC all material forms, statements, reports and documents
(including all exhibits, amendments and supplements thereto)
required to be filed by it under the Securities Act, the Exchange
 Act and the respective rules and regulations thereunder (such
forms, statements, reports and documents are collectively
referred to as the <B>&#147;Parent SEC Filings&#148;</B>). Parent
 has delivered or made available to Company accurate and complete
 copies of all of the Parent SEC Filings.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(d)&nbsp; As of their respective dates, (i)&nbsp;each of
Parent&#146;s past Parent SEC Filings was, and each of its future
 Parent SEC Filings will be, prepared in compliance in all
material respects with the applicable requirements of the
Securities Act and the Exchange Act; and (ii)&nbsp;none of its
past Parent SEC Filings did, and none of its future Parent SEC
Filings will, contain any untrue statement of a material fact or
omit to state a material fact required to be stated therein or
necessary to make the statements therein, in light of the
circumstances under which they were made, not misleading.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
3.7&nbsp; <I>No Material Adverse Effect. </I>Since
December&nbsp;31, 1999 there has not been any event which has had
 or is likely to have a Parent Material Adverse Effect.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
3.8&nbsp; <I>Compliance with Law. </I>All licenses, franchises,
permits and other governmental authorizations held by Parent that
 are material in connection with Parent&#146;s Business are valid
 and sufficient for all business presently carried on by Parent
except where the failure to maintain such a valid and sufficient
permit would not reasonably be likely to result in a Parent
Material Adverse Effect. No suspension, cancellation or
termination of any such material, licenses, franchises, permits
and other governmental authorizations is threatened or imminent.
Parent&#146;s Business is not being conducted in violation of any
 Law, except for violations which either individually or in the
aggregate are not reasonably likely to result in a Parent
Material Adverse Effect.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
3.9&nbsp; <I>Accuracy of Proxy and Registration Statement and
Other Information.</I> On the date on which Company mails to its
shareholders the Proxy and Registration Statement, on the date
the Company Shareholders Meeting is held, and on the Effective
Date, the Proxy and Registration Statement will contain all
material statements concerning Parent and Buyer which are
required to be set forth therein in accordance with the
Securities Act and the Exchange Act; and at such respective
times, the Proxy and Registration Statement will not include any
untrue statement of a material fact or omit to state any material
 fact required to be stated

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<DIV align="left">
therein or necessary to make the statements therein not
misleading. Notwithstanding the foregoing, Parent and Buyer make
no representation or warranty with respect to any information
concerning Company or any of Company&#146;s Subsidiaries or
advisors included or incorporated by reference in the Proxy and
Registration Statement.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
3.10&nbsp; <I>Full Disclosure.</I> No representation or warranty
by Parent or Buyer herein (including the Schedules and Exhibits
hereto) or in any certificate furnished by or on behalf of Parent
 or Buyer to Company in connection herewith, taken together with
all the other information provided to Company or its counsel in
connection with the transactions contemplated hereby and all the
information included in the Parent SEC Filings, contains or will
contain any untrue statement of a material fact or omits or will
omit to state a material fact necessary in order to make the
statements herein or therein, in the light of the circumstances
under which they were made, not misleading.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
3.11&nbsp; <I>No Brokers or Finders. </I>Neither Buyer nor any of
 its officers, directors or employees has employed any broker or
finder or incurred any liability for any financial advisory,
brokerage or finder&#146;s fees or commissions in connection with
 the transactions contemplated herein, except that Parent has
retained Merrill Lynch &#38; Co. as its financial advisor, whose
fees and expenses will be paid by Parent.

<P align="center">ARTICLE IV

<P align="center">
COVENANTS

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4.1&nbsp; <I>Access and Information.</I>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp; Subject to applicable laws and regulations, upon
reasonable notice during the period from the date hereof through
the Effective Time, Company will give to Parent and Buyer and
Parent and Buyer&#146;s Representatives full access during normal
 business hours to all of its and its subsidiaries&#146;
properties, books, records, documents (including, without
limitation, Tax Returns for all periods open under the applicable
 statute of limitations), personnel, auditors and counsel, and
each party shall (and shall cause its subsidiaries to) furnish
promptly to the other party all information concerning such party
 and its subsidiaries as such other party or such other
party&#146;s Representatives may reasonably request. Subject to
applicable laws and regulations, upon reasonable notice during
the period from the date hereof through the Effective Time,
Parent and Buyer will provide to Company and Company&#146;s
Representatives such information as Company may reasonably
request to determine the accuracy of Parent&#146;s and
Buyer&#146;s representations and warranties in this Agreement and
 compliance by Parent and Buyer with their covenants in this
Agreement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp; All non-public information disclosed by any party (or
its Representatives) whether before or after the date hereof, in
connection with the transactions contemplated by, or the
discussions and negotiations preceding, this Agreement to any
other party (or its Representatives) shall be kept confidential
by such other party and its Representatives and shall not be used
 by any such Persons other than as contemplated by this
Agreement. Subject to the requirements of applicable Law, Parent,
 Buyer and Company will keep confidential, and each will cause
their respective Representatives to keep confidential, all such
non-public information and documents unless such information
(i)&nbsp;was already known to Parent, Buyer or Company, as the
case may be, as long as such information was not obtained in
violation of a confidentiality obligation (ii)&nbsp;becomes
available to Parent, Buyer or Company, as the case may be, from
other sources not known by Parent, Buyer or Company,
respectively, to be bound by a confidentiality obligation,
(iii)&nbsp;is independently acquired by Parent, Buyer or Company,
 as the case may be, as a result of work carried out by any
Representative of Parent, Buyer or Company, respectively, to whom
 no disclosure of such information has been made, (iv)&nbsp;is
disclosed with the prior written approval of Company or Parent,
Buyer, as the case may be, or (v)&nbsp;is or becomes readily
ascertainable from publicly available information. Upon any
termination of this Agreement, each party hereto will collect and
 deliver to the other, or certify as to the destruction of, all
documents obtained by it or any of its Representatives then in
their possession and any copies thereof.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c)&nbsp; Subject to applicable Law, if between the date hereof
and the Effective Date any Governmental Entity shall commence any
 examination, review, investigation, action, suit or proceeding
against any party hereto with respect to the Merger, such party
shall (i)&nbsp;give the other parties prompt notice thereof,
(ii)&nbsp;keep

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<DIV align="left">
the other parties informed as to the status thereof and
(iii)&nbsp;permit the other parties to observe and be present at
each meeting, conference or other proceeding and have access to
and be consulted in connection with any document filed or
provided to such Governmental Entity in connection with such
examination, review, investigation, action, suit or proceeding.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4.2&nbsp; <I>Governmental Filings. </I>Subject to the terms and
conditions herein provided, the parties hereto shall:
(a)&nbsp;promptly make their respective filings and thereafter
make any other required submissions under the HSR Act with
respect to the Merger; (b)&nbsp;use all reasonable efforts to
cooperate with one another in (i)&nbsp;determining which filings
are required to be made prior to the Effective Time with, and
which consents, approvals, permits or authorizations are required
 to be obtained prior to the Effective Time from, any
Governmental Entity in connection with the execution and delivery
 of this Agreement and the consummation of the transactions
contemplated hereby (ii)&nbsp;timely making all such filings and
timely seeking all such consents, approvals, permits or
authorizations; and (c)&nbsp;using all reasonable efforts to
take, or cause to be taken, all other action and doing, or cause
to be done, all other things necessary, proper or appropriate to
consummate and make effective the transactions contemplated by
this Agreement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4.3&nbsp; <I>Consents and Approvals.</I>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp; Company shall use its commercially reasonable efforts
to obtain any and all consents from other parties to all Material
 Contracts, if necessary or appropriate to allow the consummation
 of the Merger. Each party hereto shall use its commercially
reasonable efforts to obtain any and all permits or approvals of
any Governmental Entity required by such party for the lawful
consummation of the Merger.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp; Each party hereto shall, upon request, furnish each
other with all information concerning themselves, their
respective subsidiaries, directors, officers and shareholders and
 such other matters as may be reasonably necessary or advisable
in connection with the Proxy and Registration Statement or any
other statement, filing, notice or application made by or on
behalf of Parent, Buyer or Company to any Governmental Entity in
connection with the Merger and the other transactions
contemplated hereby.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c)&nbsp; Each party hereto shall promptly furnish each other
with copies of all written communications received by such party
or any of their respective subsidiaries from, or delivered by any
 of the foregoing to, any Governmental Entity in respect of the
transactions contemplated hereby.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4.4&nbsp; <I>Meeting of Shareholders; Proxy and Registration
Statement; Listing Application.</I>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp; <I>Meeting of Shareholders. </I>Company shall take all
action necessary in accordance with applicable Law and its
charter documents to duly call, give notice of, convene and hold
a meeting of its shareholders as promptly as practicable to
consider and vote upon this Agreement, the Merger and all matters
 related thereto. Company shall, through its Board of Directors,
recommend to its shareholders approval of such matters (unless
Company&#146;s directors after consultation with legal counsel,
believe such action is inconsistent with the proper exercise by
such directors of their fiduciary duties), and Company shall use
its best efforts to obtain such approval by its shareholders.
Company agrees to adjourn, postpone or delay its meeting, or to
convene a second meeting, as appropriate, in the event
insufficient voting shares are present to conduct the meeting.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp; <I>Proxy and Registration Statement. </I>As promptly as
 reasonably practicable, Company, Parent and Buyer shall prepare
and file with the SEC a proxy statement and registration
statement on Form&nbsp;S-4 under the Securities Act and the rules
 and regulations promulgated thereunder with respect to the
Parent Stock to be issued in the Merger (the <B>&#147;Proxy and
Registration Statement&#148; </B>or <B>&#147;Registration
Statement&#148;</B>) for use in connection with the
Company&#146;s shareholder meeting. The Proxy and Registration
Statement shall not be filed, and no amendment or supplement to
the Proxy and Registration Statement shall be made by either
Company or Parent, without prior consultation with the other
party and its counsel. Company and Parent shall cooperate and use
 all reasonable efforts to have the Registration Statement
declared effective by the SEC. Parent will, as promptly as
practicable, provide any written comments received from the SEC
with respect to the Registration Statement and advise Company of
any verbal comments received from the SEC with respect thereto.
Parent shall also take any action (other than qualifying to do
business in any jurisdiction in which it is now not so qualified)
 required to be taken under the securities or <B>&#147;blue
sky&#148; </B>laws of the various States in connection with the
issuance of the Parent Stock pursuant to the Merger.

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c)&nbsp; <I>Indemnification. </I>Each of Company and Parent
(each an <B>&#147;Indemnifying Party&#148;</B>) agrees to
indemnify and hold harmless the other, each person who controls
the other within the meaning of the Securities Act, and each
director and officer of the other, against any losses, claims,
damages, liabilities or expenses (including reasonable counsel
fees and costs of investigation and defense) that are based on
the ground or alleged ground that the Registration Statement
includes an untrue statement of a material fact or omits to state
 a material fact required to be stated therein or necessary in
order to make the statements therein not misleading. This
indemnification obligation extends, however, only insofar as any
such statement or omission was made in reliance upon, and in
conformity with, any written information furnished by the
Indemnifying Party for use in the preparation of such materials.
These indemnity obligations will remain in force after any
termination of this Agreement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(d)&nbsp; <I>Listing Application. </I>Parent shall use its best
efforts to cause the Parent Stock distributed in connection with
the Merger to be authorized for listing on the NYSE and shall
make all necessary blue sky law filings in connection therewith.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4.5&nbsp; <I>Conduct of Company Business. </I>Company covenants
and agrees that after the date hereof and prior to the Effective
Time (unless Parent and Buyer shall have agreed in writing):
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(a)&nbsp; <I>Ordinary Course. </I>Company will, and will cause
	its subsidiaries to, operate Company&#146;s Business only in the
	ordinary course of business consistent with past practices and
	use its best efforts to (i)&nbsp;preserve its existing business
	organization, insurance coverage, material rights, material
	licenses or permits, advantageous business relationships,
	material agreements and credit facilities; (ii)&nbsp;retain and
	keep available the services of its present officers, employees
	and agents; and (iii)&nbsp;preserve the goodwill of its
	customers, suppliers and others having business relations with
	it. Company and its subsidiaries will not: (A)&nbsp;enter into
	any material transaction or commitment, or dispose of or acquire
	any material properties or assets, except purchases and sales of
	inventory in the ordinary course of business consistent with past
	 practices; (B)&nbsp;implement any new employee benefit plan, or
	employment, compensatory or severance agreement; (C)&nbsp;amend
	any existing employee benefit plan or employment agreement except
	 as required by Law or by this Agreement; or (D)&nbsp;take any
	action that would jeopardize the continuance of its material
	supplier or customer relationships; (E)&nbsp;make any material
	change in the nature of their businesses and operations;
	(F)&nbsp;enter into any transaction or agreement with any
	officer, director or affiliate of Company or any of its
	subsidiaries; (G)&nbsp;incur or agree to incur any obligation or
	liability (absolute or contingent) that individually calls for
	payment by Company or any of its subsidiaries of more than
	$100,000 in any specific case in the aggregate, excluding
	transactions in the ordinary course of business; or (H)&nbsp;make
	 any Tax election or make any change in any method or period of
	accounting or any material change in any accounting policy,
	practice or procedure.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(b)&nbsp; <I>Charter Documents. </I>Company will not amend its
	Certificate of Incorporation or By-Laws and will not permit any
	of its Subsidiaries to amend their charter documents or by-laws.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(c)&nbsp; <I>Dividends. </I>Company will not declare or pay any
	dividend or make any other distribution in respect of its capital
	 stock.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(d)&nbsp; <I>Stock. </I>Company will not split, combine or
	reclassify any shares of its capital stock, or issue, redeem or
	acquire (or agree to do so) any of its equity securities,
	options, warrants, or convertible instruments, except (i)
	pursuant to existing obligations under Company Benefit Plans,
	(ii)&nbsp;pursuant to the existing commitments or conversion
	rights listed on <B>Schedule&nbsp;2.2</B>(a)&nbsp;or
	(iii)&nbsp;pursuant to <B>Section&nbsp;4.15</B>. Company will not
	 grant any Options.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4.6&nbsp; <I>Publicity. </I>Company and Parent must mutually
agree upon the initial press releases. Thereafter, Company and
Parent shall coordinate all publicity relating to the
transactions contemplated by this Agreement and no party shall
issue any press release, publicity statement or other public
notice relating to this Agreement, or the transactions
contemplated by this Agreement, without prior consultation with
both Company and Parent, except to the extent that the disclosing
 party is advised by its counsel that such action is required by
applicable Law, and then, if practicable, only after consultation
 with the other party.

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4.7&nbsp; <I>Notification of Defaults and Adverse Events. </I>
Company and Parent will promptly notify each other if, subsequent
 to the date of this Agreement and prior to the Effective Date:
(i)&nbsp;an event occurs that may be reasonably likely to result
in a Company Material Adverse Effect or a Parent Material Adverse
 Effect, respectively, or (ii)&nbsp;any suit, action or
proceeding is instituted or, to the knowledge of Company or
Parent, threatened against or affecting Company or Parent or any
of their respective subsidiaries which, if adversely determined,
would be reasonably likely to result in a Company Material
Adverse Effect or a Parent Material Adverse Effect. Each of
Company and Parent will promptly notify the other if it
determines it is or will be unable to comply with any of its
obligations under this Agreement or fulfill any conditions under
its control.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4.8&nbsp; <I>Satisfy Conditions to Closing. </I>Parent and
Company shall each use its reasonable best efforts to cause all
conditions to Closing to be satisfied.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4.9&nbsp; <I>Termination Fee. </I>If this Agreement is terminated
 (a)&nbsp;by Parent pursuant to <B>Section&nbsp;6.1</B>(d), <B>
Section&nbsp;6.1</B>(e), <B>Section&nbsp;6.1</B>(f)&nbsp;or <B>
Section&nbsp;6.1</B>(h), or (b)&nbsp;by Company pursuant to <B>
Section&nbsp;6.1</B>(d) or <B>Section&nbsp;6.1</B>(g) (in each
case only if the Company or its stockholders have received in
writing, or there shall have been publicly disclosed, an
Acquisition Proposal on or before the date of such termination),
then Company shall pay to Parent, upon demand, $750,000 in cash.
If within one year of (A)&nbsp;any such termination, or
(B)&nbsp;any termination by Parent pursuant to <B>
Section&nbsp;6.1</B>(c)(if prior to such termination pursuant to
<B>Section&nbsp;6.1</B>(c), (i)&nbsp;the SEC shall have declared
effective the Proxy and Registration Statement, (ii) the waiting
period under the HSR Act shall have expired, in each case no
later than August&nbsp;1, 2000, and (iii)&nbsp;the Company or its
 stockholders shall have received in writing, or there shall have
 been publicly disclosed, an Acquisition Proposal), Company
enters into an agreement to effect an Acquisition Proposal, then
Company shall pay to Parent, upon demand, an amount in cash equal
 to $4,500,000, less any amount paid pursuant to the immediately
preceding sentence (the total of all amounts payable under this
<B>Section&nbsp;4.9</B> being the (<B>&#147;Termination Fee&#148;
</B>).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4.10&nbsp; <I>Anti-takeover Statutes. </I>If any anti-takeover or
 similar statute is applicable to the transactions contemplated
hereby, Company will grant such approvals and take such actions
as are necessary so that the transactions contemplated hereby may
 be consummated as promptly as practicable on the terms
contemplated hereby and otherwise act to eliminate the effects of
 such anti-takeover or similar statute on the transactions
contemplated hereby.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4.11&nbsp; <I>Indemnification; Insurance.</I>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp; <I>Indemnification. </I>For not less four
(4)&nbsp;years after the Effective Time, Parent and the Surviving
 Corporation shall indemnify, defend and hold harmless, each
present and former director and officer of Company and each such
person&#146;s personal representative, estate, testator or
intestate successors (the <B>&#147;Indemnified Parties&#148;</B>)
 against any and all losses, claims, damages, liabilities, costs,
 expenses, judgments and amounts paid in settlement with the
approval of Parent and the Surviving Corporation (which approval
shall not be unreasonably withheld) in connection with any actual
 or threatened claim, action, suit, proceeding or investigation
arising out of or pertaining to any action or omission occurring
prior to the Effective Time (including without limitation, any
which arise out of or relate to the transactions contemplated by
this Agreement), whether asserted or claimed prior to, or on or
after, the Effective Time, to the full extent Company would be
permitted under the DGCL or Company&#146;s Certificate of
Incorporation or By-Laws in effect as of the date of this
Agreement (to the extent consistent with applicable law),
including, without limitation, provisions relating to advances of
 expenses incurred in the defense of any action or suit, provided
 that any determination required to be made with respect to
whether an Indemnified Party&#146;s conduct complies with the
standards set forth under Delaware law and the Company&#146;s
Certificate of Incorporation and By-laws shall be made by
independent counsel mutually acceptable to Parent and the
Indemnified Party. In addition, Parent and the Surviving
Corporation shall pay expenses incurred by an Indemnified Party
in advance of the final disposition of any such action or
proceeding upon receipt of an undertaking by or on behalf of such
 Indemnified Party to repay such amount if it shall ultimately be
 determined that he is not entitled to be indemnified. Without
limiting the foregoing, in the event any claim, action, suit,
proceeding or investigation is brought against any Indemnified
Party, Parent and the Surviving Corporation shall be entitled to
assume the defense of any such action or proceeding. Upon
assumption by Parent and the Surviving Corporation of the

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<DIV align="left">
defense of any such action or proceeding, the Indemnified Party
shall have the right to participate in such action or proceeding
and to retain its own counsel, but neither Parent nor the
Surviving Corporation shall be liable for any legal fees or
expenses subsequently incurred by the Indemnified Party in
connection with the defense thereof unless (i)&nbsp;Parent and
the Surviving Corporation have agreed to pay such fees and
expenses, (ii)&nbsp;the Indemnified Party shall have been advised
 by counsel that representation of the Indemnified Party by
counsel provided by Parent and the Surviving Corporation is not
possible due to conflicts of interest among Parent and the
Surviving Corporation and the Indemnified Party, or
(iii)&nbsp;Parent and the Surviving Corporation shall have failed
 in a timely manner to assume the defense of the matter. Neither
Parent nor the Surviving Corporation shall be liable for any
settlement of any claim effected without its written consent.
Neither Parent nor the Surviving Corporation shall, except with
the written consent of the Indemnified Party, consent to entry of
 any judgment or enter into any settlement which does not include
 as an unconditional term the release by the claimant or
plaintiff of such Indemnified Party from all further liability in
 respect of such claim. Any Indemnified Party wishing to claim
indemnification under this <B>Section&nbsp;4.11</B>(a), upon
learning of any such claim, action, suit, proceeding or
investigation, shall notify Parent and the Surviving Corporation
(but the failure so to notify Parent and the Surviving
Corporation shall not relieve it from any liability which it may
have under this <B>Section&nbsp;4.11</B>(a) except to the extent
such failure materially prejudices Parent and the Surviving
Corporation). In addition to the foregoing, and without limiting
in any manner the foregoing, after the Effective Time Parent and
the Surviving Corporation shall assume the obligations of Company
 under the indemnification agreements set forth in <B>
Section&nbsp;4.4</B>(c), but only to the extent Company would be
permitted under the DGCL to perform its obligations under such
indemnification agreements.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp; <I>Insurance.</I> For a period of not less than four
(4)&nbsp;years after the Effective Date, Parent and the Surviving
 Corporation shall cause to be maintained officers&#146; and
directors&#146; liability insurance covering Company&#146;s
existing officers and directors who are currently covered in such
 capacities by Company&#146;s existing officers&#146; and
directors&#146; liability insurance policies on terms
substantially no less advantageous to such officers and directors
 than such existing insurance provided, further, that in no event
 shall Parent and the Surviving Corporation be required to expend
 in excess of 200% of the annual premium currently paid by the
Company for such coverage (or obtain coverage in excess of the
coverage that is available for such 200% of such annual premium).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4.12&nbsp; <I>Employee Benefits.</I> (a)&nbsp;As soon after the
date hereof as practicable and legally permissible, Company shall
 make a cash refund of all participant plan accounts under the
ESPP pursuant to the resolutions described in <B>
Section&nbsp;2.11</B>(m).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp; At the Effective Time, the Surviving Corporation shall
offer all persons who were theretofore employees of Company and
its subsidiaries benefits under Parent Benefit Plans which, in
the aggregate, are no less favorable to such employees than those
 that Company currently provides to its own employees. Each
Parent Benefit Plan (i)&nbsp;shall give credit for purposes of
eligibility to participate and vesting to employees of Company
and its subsidiaries for service prior to the Effective Time with
 Company and its subsidiaries (and their predecessors, to the
extent credit for service with such predecessors was given by
Company) to the same extent that such service was recognized
under a comparable Company Benefit Plan and (ii)&nbsp;shall, if
applicable, waive any pre-existing condition or limitation
applicable to the addition of such employees to any Parent
Benefit Plan to the same extent that such condition or limitation
 would be waived under a comparable Company Benefit Plan.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4.13&nbsp; <I>No Solicitation. </I>From and after the date
hereof, Company shall not, and shall not authorize or permit any
of its subsidiaries or Representatives to, directly or
indirectly, solicit or initiate (including by way of furnishing
information) or take any other action to facilitate knowingly any
 inquiries or the making of any proposal which constitutes or may
 reasonably be expected to lead to an Acquisition Proposal from
any person or entity, or engage in any discussion or negotiations
 relating thereto or accept any Acquisition Proposal; <I>
provided, however</I>, that notwithstanding any other provision
hereof, Company may (a)&nbsp;comply with Rule&nbsp;14e-2
promulgated under the Exchange Act with regard to a tender or
exchange offer; and (b)&nbsp;at any time prior to the Closing,
(i)&nbsp;engage in discussions or negotiations with a third party
 who (without any solicitation, initiation, encouragement,
discussion or negotiation, directly or indirectly, by or with
Company or any of its subsidiaries or Representatives after the
date hereof) seeks to initiate such discussions or

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<DIV align="left">
negotiations, and may furnish such third party nonpublic
information concerning Company and its business, properties and
assets if, and only to the extent that, (A)&nbsp;(1)&nbsp;the
third party has first made a bona fide Acquisition Proposal that
the Board of Directors of Company believes in good faith (after
consultation with its financial advisor) is reasonably capable of
 being completed, taking into account all relevant, legal,
financial, regulatory and other aspects of the Acquisition
Proposal and the source of its financing, and believes in good
faith (after consultation with its financial advisor and after
considering all of the terms, conditions, representations,
warranties and covenants which are included in such Acquisition
Proposal) that such Acquisition Proposal would, if consummated,
result in a transaction more favorable to the shareholders of
Company, from a financial point of view, than the transactions
contemplated by this Agreement and believes in good faith (after
consultation with its financial advisor) that the person making
such Acquisition Proposal has, or is reasonably likely to have or
 obtain, any necessary funds or customary commitments to provide
any funds necessary to consummate such Acquisition Proposal (any
such more favorable Acquisition Proposal being referred in this
Agreement as a <B>&#147;Superior Proposal&#148;</B>) and
(2)&nbsp;Company&#146;s Board of Directors shall conclude in good
 faith, after considering applicable provisions of state law,
that such action may be necessary for the Board of Directors to
act in a manner consistent with its fiduciary duties under
applicable law, and (B)&nbsp;forty-eight hours prior to
furnishing such information to or entering into discussions or
negotiations with such person or entity, Company
(1)&nbsp;provides prompt notice to Parent to the effect that it
is furnishing information to or entering into discussions or
negotiations with such person or entity and (2)&nbsp;receives
from such person or entity an executed confidentiality agreement
in reasonably customary form on terms not materially more
favorable to such person or entity than the terms contained in
the Confidentiality Agreement, and/or (ii)&nbsp;accept a Superior
 Proposal from a third party, <I>provided </I>that the conditions
 set forth in clauses&nbsp;(i)(A) and (i)(B)&nbsp;above have been
 satisfied and Company complies with and terminates this
Agreement pursuant to <B>Section&nbsp;6.1</B>(g). Company shall
immediately cease and terminate any existing solicitation,
initiation, encouragement, activity, discussion or negotiation
with any persons or entities conducted heretofore by Company or
any of its subsidiaries or Representatives with respect to the
foregoing. The Company shall notify Parent orally and in writing
of any such inquiries, offers or proposals (including the terms
and conditions of any such proposal and the identity of the
person making it) within twenty-four hours of the receipt
thereof, and shall keep Parent informed of the status and details
 of any such inquiry, offer, or proposal.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4.14&nbsp; <I>Consent of Holders of Options.</I> Company shall
use its best reasonable efforts to obtain and deliver to Parent,
prior to the Effective Time, binding agreements from the holders
of all of the Options, agreeing to the conversion of such Options
 on the terms described in <B>Section&nbsp;1.9</B>.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4.15&nbsp; <I>Redemption of Series&nbsp;B Preferred Shares. </I>
Prior to the Effective Time, Company will redeem all outstanding
shares of its Series&nbsp;B Preferred Stock, and will obtain the
prior written consent of the holders of Series&nbsp;A Preferred
Shares to such redemption.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
4.16&nbsp; <I>Audited Financial Statements.</I> As soon as
practicable, Company shall deliver the consolidated balance sheet
 of Company as of December&nbsp;31, 1999 and the consolidated
statements of income, shareholders&#146; equity and cash flows
for the years ended December&nbsp;31, 1999 and 1998, in each case
 including the notes thereto and the related report of
PriceWaterhouse Coopers LLP, independent certified public
accountants.

<P align="center">ARTICLE V

<P align="center">
CONDITIONS

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
5.1&nbsp; <I>Conditions to Obligations of Company, Parent and
Buyer. </I>The respective obligations of the parties to effect
the Merger are subject to the fulfillment at or prior to the
Effective Date of the following conditions unless waived in
writing by all parties:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(a)&nbsp; <I>Approval. </I>All corporate actions necessary to
	authorize the execution, delivery and performance of this
	Agreement and the Merger shall have been duly and validly taken
	by the other parties. The shareholders of Company shall have
	approved this Agreement and the Merger in accordance with
	applicable Law.</TD>
</TR>

</TABLE>

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<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(b)&nbsp; <I>Approval from Government Entities. </I>All approvals
	 required by any Governmental Entity and all other actions
	required to effect the Merger and related transactions shall have
	 been obtained. The waiting period under the HSR Act shall have
	expired, or early termination of the waiting period under the HSR
	 Act shall have been granted.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(c)&nbsp; <I>Absence of Governmental Litigation. </I>No
	Governmental Entity shall have instituted a proceeding seeking
	injunctive or other relief in connection with the Merger and
	related transactions. There shall not be any judgment, decree,
	injunction, ruling or order of any Governmental Entity that
	prohibits, restricts, or delays consummation of the Merger.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(d)&nbsp; <I>Effectiveness of Registration Statement. </I>The
	Registration Statement covering the Parent Stock shall have been
	declared effective under the Securities Act and no stop order
	suspending the effectiveness of the Registration Statement shall
	have been issued with respect thereto.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(e)&nbsp; <I>Market Conditions.</I> There shall not have occurred
	 and be continuing (i)&nbsp;any general suspension of, or
	limitation on prices for, trading in securities on any national
	securities exchange or the over-the-counter market, (ii)&nbsp;a
	declaration of a banking moratorium or any suspension of payments
	 in respect of banks in the United States, (iii)&nbsp;any
	limitation (whether or not mandatory) by any government or
	Governmental Entity of the United States on the extension of
	credit by banks or other lending institutions, or (iv)&nbsp;in
	the case of any of the foregoing existing at the time of the
	execution of this Agreement, a material acceleration or worsening
	 thereof.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
5.2&nbsp; <I>Conditions to Obligations of Parent and Buyer. </I>
The obligations of Parent and Buyer to effect the Merger are
subject to the fulfillment at or prior to the Effective Date of
the following conditions except to the extent waived in writing
by Parent and Buyer:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(a)&nbsp; <I>Representations and Compliance. </I>The
	representations and warranties of Company in this Agreement shall
	 be true and correct as of the date of this Agreement and on the
	Effective Date with the same effect as though made on and as of
	such date, except where failure to be so true and correct would
	not (in the aggregate for all representations and warranties of
	Company) have Company Material Adverse Effect (other than
	representations and warranties that are already so qualified,
	which in each such case shall be true and correct as written),
	and except for any changes contemplated by this Agreement;
	Company shall have complied in all material respects with all
	covenants requiring compliance by it prior to the Effective Date;
	 and Buyer shall have received an officer&#146;s certificate
	signed by the Chief Executive Officer of Company certifying as to
	 each of the foregoing.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(b)&nbsp; <I>Tax Opinion. </I>Parent shall have received an
	opinion from Carter, Ledyard&nbsp;&#38; Milburn, counsel to
	Parent, based upon reasonably requested representation letters
	and dated the Effective Date, that the Merger will constitute a
	reorganization for United States federal income tax purposes
	within the meaning of IRC Section&nbsp;368(a), that each of
	Parent, Buyer and Company will be a party to that reorganization
	within the meaning of IRC Section&nbsp;368(b) and that neither
	Parent, Buyer nor Company will recognize any gain on the Merger.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(c)&nbsp; <I>No Material Adverse Effect. </I>From the date
	hereof, there shall not have occurred any event which has
	resulted or is likely to result in a Company Material Adverse
	Effect.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(d)&nbsp; <I>Material Contracts. </I>All consents from
	International Business Machines Corp., IBM Credit Corp. and their
	 affiliates, and from other parties to the Material Contracts
	listed on <B>Schedule&nbsp;2.4 </B>if necessary to allow the
	consummation of the Merger and the continuation of Company&#146;s
	 Business in the ordinary course after consummation of the
	Merger, shall have been received.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(e)&nbsp; <I>Consent of Option Holders. </I>Company shall have
	delivered to Parent binding agreements from the holders of at
	least 90% of the Options (by number of underlying shares of
	Company Common Stock), agreeing to the conversion of such Options
	 on the terms described in <B>Section&nbsp;1.9</B>.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(f)&nbsp; <I>Audited Financial Statements. </I>The corresponding
	portions of the audited financial statements delivered pursuant
	to <B>Section&nbsp;4.16 </B>shall not differ, in any manner
	adverse to Parent and Buyer, from the unaudited financial
	statements described in <B>Section&nbsp;2.6</B>(a).</TD>
</TR>

</TABLE>

<P align="center">A-30

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<P><HR noshade><P>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
5.3&nbsp; <I>Conditions to Obligations of Company. </I>The
obligations of Company to effect the Merger are subject to the
fulfillment at or prior to the Effective Date of the following
conditions unless waived in writing by Company:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(a)&nbsp; <I>Representations and Compliance. </I>The
	representations and warranties of Parent and Buyer in this
	Agreement shall be true and correct in all material respects as
	of the date of this Agreement and on the Effective Date with the
	same effect as though made on and as of such date, except where
	failure to be so true and correct would not (in the aggregate for
	 all representations and warranties of Parent and Buyer) have a
	Parent Material Adverse Effect (other than representations and
	warranties that are already so qualified, which in each such case
	 shall be true and correct as written), except for any changes
	contemplated by this Agreement; Parent and Buyer shall have
	complied in all material respects with all covenants requiring
	compliance by it prior to the Effective Date; and Company shall
	have received an officer&#146;s certificate signed by the Chief
	Executive Officer of Parent certifying as to each of the
	foregoing.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(b)&nbsp; <I>Tax Opinion. </I>Company shall have received an
	opinion from Pillsbury Madison&nbsp;&#38; Sutro LLP, counsel to
	Company, based upon reasonably requested representation letters
	and dated the Effective Date, that the Merger will constitute a
	reorganization for United States federal income tax purposes
	within the meaning of IRC Section&nbsp;368(a) that each of
	Parent, Buyer and Company will be a party to that reorganization
	within the meaning of IRC Section&nbsp;368(b).</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(c)&nbsp; <I>Listing. </I>The Parent Stock distributed in
	connection with the Merger shall have been accepted upon notice
	of issuance for listing on the NYSE.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(d)&nbsp; <I>No Material Adverse Effect. </I>From the date
	hereof, there shall not have occurred any event which has
	resulted or is likely to result in a Parent Material Adverse
	Effect.</TD>
</TR>

</TABLE>

<P align="center">ARTICLE VI

<P align="center">
TERMINATION, AMENDMENT AND WAIVER

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
6.1&nbsp; <I>Termination and Abandonment. </I>This Agreement may
be terminated and the Merger may be abandoned at any time prior
to the Effective Time, whether before or after approval by the
shareholders of Company:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(a)&nbsp; by mutual consent of Parent and Company;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(b)&nbsp; by either Parent or Company upon written notice to the
	other party if any Governmental Entity of competent jurisdiction
	shall have issued a final nonappealable order denying, enjoining
	or otherwise prohibiting the consummation of any of the
	transactions contemplated by this Agreement;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(c)&nbsp; by either Parent or Company if the Merger shall not
	have been consummated on or before September&nbsp;15, 2000 unless
	 the failure of the Merger to occur by such date shall be due to
	the failure of the party seeking to terminate this Agreement to
	perform or observe in any material respect the covenants and
	agreements of such party set forth herein;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(d)&nbsp; by either Company or Parent if any approval of the
	shareholders of Company required for the consummation of the
	Merger shall not have been obtained by reason of the failure to
	hold the Company Shareholders Meeting or to obtain the required
	vote of shareholders of Company at the Company Shareholders&#146;
	 Meeting or at any adjournment or postponement thereof;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(e)&nbsp; by either Parent or Company (so long as the terminating
	 party is not then in breach of any representation, warranty,
	covenant or other agreement contained herein) if there shall have
	 been a breach of any of the representations or warranties set
	forth in this Agreement on the part of the other party which has
	or would reasonably likely have a Company Material Adverse Effect
	 (if the terminating party is Parent) or a Parent Material
	Adverse Effect (if the terminating party is Company);</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(f)&nbsp; by either Parent or Company (so long as the terminating
	 party is not then in breach of any representation, warranty,
	covenant or other agreement contained herein) if there shall have
	 been a breach</TD>
</TR>

</TABLE>

<P align="center">A-31

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<P><HR noshade><P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	of any of the covenants or agreements or conditions or
	obligations set forth in this Agreement on the part of the other
	party which has or would reasonably likely have a Company
	Material Adverse Effect (if the terminating party is Parent) or a
	 Parent Material Adverse Effect (if the terminating party is
	Company), and which breach shall not have been cured within ten
	days following receipt by the breaching party of written notice
	of such breach from the other party hereto or which breach, by
	its nature, cannot be cured prior to the Effective Time;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(g)&nbsp; by Company, prior to the consummation of the
	transactions contemplated hereby, for the purpose of entering
	into an agreement with a Person that has made a Superior
	Proposal; and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(h)&nbsp; by Parent prior to the consummation of the transactions
	 contemplated hereby if the Board of Directors of Company shall
	have withdrawn, amended, modified, conditioned or qualified in a
	manner adverse to Parent its approval or recommendation of this
	Agreement or shall have recommended another Acquisition Proposal
	or offer for the purchase of Company Common Stock.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
6.2&nbsp; <I>Effect of Termination. </I>Except as provided in <B>
Section&nbsp;4.9 </B>and <B>Section&nbsp;7.2 </B>hereof with
respect to expenses and fees (including the Termination Fee), and
 except as provided in <B>Section&nbsp;4.1</B>(b)&nbsp;hereof
with respect to information obtained in connection with the
transactions contemplated hereby, and except as provided in <B>
Section&nbsp;4.4</B>(c), in the event of the termination of this
Agreement and the abandonment of the Merger, this Agreement shall
 thereafter become null and void and have no effect, and no party
 hereto shall have any liability to any other party hereto or its
 shareholders or directors or officers in respect thereof, and
each party shall be responsible for its own expenses, except that
 nothing herein shall relieve any party for liability for any
willful breach hereof.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
6.3&nbsp; <I>Amendment. </I>This Agreement may be amended by the
parties hereto at any time before or after approval hereof by the
 shareholders of Company and Buyer, but, after any such approval,
 no amendment shall be made which would under the DGCL require
the approval of the shareholders of Company or Buyer,
respectively, without such further approval of such shareholders.
 This Agreement may not be amended except by an instrument in
writing signed on behalf of each of the parties hereto.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
6.4&nbsp; <I>Extension; Waiver. </I>At any time prior to the
Effective Date, the parties hereto may (a)&nbsp;extend the time
for the performance of any of the obligations or other acts of
the other parties hereto, (b)&nbsp;waive any inaccuracies in the
representations and warranties contained herein or in any
document delivered pursuant hereto and (c)&nbsp;waive compliance
with any of the agreements or conditions contained herein. Any
agreement on the part of a party hereto to any such extension or
waiver shall be valid if set forth in an instrument in writing
signed on behalf of such party.

<P align="center">ARTICLE VII

<P align="center">
MISCELLANEOUS

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
7.1&nbsp; <I>Termination of Representations and Warranties. </I>
The representations and warranties of each party will terminate
on the Effective Date.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
7.2&nbsp; <I>Expenses. </I>Subject to <B>Section&nbsp;4.9</B>,
each party will pay its own expenses relating to this Agreement
and the transactions contemplated hereby.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
7.3&nbsp; <I>Remedies. </I>If, in accordance with the terms of
the parenthetical contained in the second sentence of <B>
Section&nbsp;4.4</B>(a), Company&#146;s Board of Directors fails
to recommend this Agreement (and the transactions contemplated
hereby, including the Merger) to Company&#146;s shareholders, or
amends, modifies, withdraws, conditions or qualifies, in a manner
 adverse to Parent, its approval and recommendation thereof to
Company&#146;s shareholders, Parent&#146;s sole remedy in
connection therewith under this Agreement (without prejudice to
the remedies of Parent under the Option Agreement and the
Inducement Agreement) shall be Company&#146;s payment of the
Termination Fee to Parent pursuant to <B>Section&nbsp;4.9</B>.

<P align="center">A-32

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
7.4&nbsp; <I>Notices. </I>All notices and other communications
hereunder shall be in writing and shall be deemed given if
delivered in person, sent by registered or certified mail (return
 receipt requested), or telecopied to the parties at the
following addresses (or at such other address for a party as
shall be specified by like notice):
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="8%"></TD>
	<TD width="92%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	if to Parent or Buyer:</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Avnet, Inc.</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	2211 South 4th Street</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Phoenix, Arizona 85034</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Attention: David Birk, General Counsel</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Telecopy: (480)&nbsp;643-7929</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	with a copy to:</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Carter, Ledyard &#38; Milburn</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	2 Wall Street</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	New York, New York 10005</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Attention: Jim Abbott, Esq.</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Telecopy: (212)&nbsp;732-3200</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	if to Company:</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Savoir Technology Group, Inc.</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	254 East Hacienda Avenue</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Campbell, California 95008</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Attention: P. Scott Munro, CEO</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Telecopy: (408)&nbsp;370-4597</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	with a copy to:</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Pillsbury Madison &#38; Sutro LLP</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	2550 Hanover Street</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Palo Alto, California 94304</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Attention: Jorge del Calvo</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Telecopy: (650)&nbsp;233-4545</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
7.5&nbsp; <I>Further Assurances. </I>Buyer and Company each agree
 to execute and deliver such other documents, certificates,
agreements and other writings and to take such other actions as
may be reasonably necessary or desirable in order to
expeditiously consummate or implement the transactions
contemplated by this Agreement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
7.6&nbsp; <I>Assignability. </I>Neither this Agreement nor any
rights or obligations under it are assignable.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
7.7&nbsp; <I>Governing Law. </I>This Agreement will be governed
by the laws of the State of Delaware without regard to conflict
of law principles.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
7.8&nbsp; <I>Interpretation. </I>Headings contained in this
Agreement are for reference purposes only and shall not affect in
 any way the meaning or interpretation of this Agreement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
7.9&nbsp; <I>Counterparts. </I>This Agreement may be executed in
one or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the
same instrument.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
7.10&nbsp; <I>Integration. </I>This Agreement and the Schedules
hereto constitute the entire agreement and supersede all prior
agreements and understandings (including the Confidentiality
Agreement), both written and oral, among the parties with respect
 to the subject matter hereof.

<P align="center">A-33

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<P align="center">ARTICLE VIII

<P align="center">
DEFINITIONS

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
8.1&nbsp; <I>Definitions. </I>For all purposes of this Agreement,
 except as otherwise expressly provided or unless the context
otherwise requires: (a)&nbsp;the terms defined in this
Article&nbsp;VIII have the meaning assigned to them in this <B>
Article VIII </B>and include the plural as well as the singular;
(b)&nbsp;all accounting terms not otherwise defined herein have
the meanings assigned under generally accepted accounting
principles; (c)&nbsp;all references in this Agreement to
designated <B>&#147;Articles,&#148; &#147;Sections&#148; </B>and
other subdivisions are to the designated Articles, Sections and
other subdivisions of the body of this Agreement;
(d)&nbsp;pronouns of either gender or neuter shall include, as
appropriate, the other pronoun forms; and (e)&nbsp;the words <B>
&#147;herein,&#148; &#147;hereof&#148; </B>and <B>
&#147;hereunder&#148; </B>and other words of similar import refer
 to this Agreement as whole and not to any particular Article,
Section nor other subdivision.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
As used in this Agreement and the Schedules delivered pursuant to
 this Agreement, the following definitions shall apply.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Acquisition Proposal&#148; </B>means any proposal or
offer from any Person relating to any direct or indirect
acquisition or purchase of all or a substantial part of the
assets of the Company or any of its subsidiaries or of over 15%
of any class or series of equity securities of the Company or any
 of its subsidiaries, any tender offer or exchange offer that if
consummated would result in any Person beneficially owning 15% or
 more of any class or series of equity securities of Company or
any of its subsidiaries, any merger, consolidation, business
combination, sale of all or substantially all of the assets,
recapitalization, liquidation, dissolution or similar transaction
 involving Company or any of its subsidiaries, other than the
transactions contemplated by this Agreement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Buyer&#148; </B>has the meaning set forth in the first
paragraph hereof.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Canceled Shares&#148; </B>has the meaning set forth in
<B>Section&nbsp;1.7</B>(d).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Certificate of Merger&#148; </B>has the meaning set
forth in <B>Section&nbsp;1.3</B>.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Closing&#148; </B>has the meaning set forth in <B>
Section&nbsp;1.2</B>.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Closing Date&#148; </B>has the meaning set forth in <B>
Section&nbsp;1.2</B>.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Code&#148; </B>means the Internal Revenue Code of 1986,
as amended.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Company&#148; </B>has the meaning set forth in the first
 paragraph hereof.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Company Affiliates&#148; </B>has the meaning set forth
in <B>Section&nbsp;1.10</B>.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Company Benefit Plans&#148; </B>has the meaning set
forth in <B>Section&nbsp;2.11</B>(a).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Company Common Stock&#148; </B>has the meaning set forth
 in the second Recital hereto.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Company ERISA Affiliate&#148; </B>has the meaning set
forth in <B>Section&nbsp;2.11</B>(a).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Company ERISA Plans&#148; </B>has the meaning set forth
in <B>Section&nbsp;2.11</B>(a).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Company Material Adverse Effect&#148; </B>means a
material adverse effect on the business, financial condition,
results of operation, business prospects or properties of Company
 and its subsidiaries or the Surviving Corporation and its
subsidiaries, in each case taken as a whole. For purposes of this
 Agreement, a Company Material Adverse Effect does not include a
material adverse effect on the business, financial condition,
results of operation or properties of Company as a result of
(i)&nbsp;the transactions contemplated hereby or the public
announcement thereof, or (ii)&nbsp;changes in the conditions or
prospects of Company and its subsidiaries, taken as a whole,
which are consistent with general economic conditions or general
changes affecting the electronic components, computer products or
 production supplies distribution industries or electronics
manufacturing industry, or (iii)&nbsp;any matter disclosed in
Company SEC Filings (as defined in <B>Section&nbsp;2.6</B>) made
before the execution of this Agreement or in the Schedules to
this Agreement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Company SEC Filings&#148; </B>has the meaning set forth
in <B>Section&nbsp;2.6</B>(b).

<P align="center">A-34

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Company Shareholders&#146; Approval&#148; </B>has the
meaning set forth in <B>Section&nbsp;2.3</B>.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Company Common Shares&#148; </B>means shares of Company
Common Stock.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Company&#146;s Business&#148; </B>means the business of
Company and its subsidiaries, taken as a whole.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Company Option Plan&#148; </B>has the meaning set forth
in <B>Section&nbsp;2.2</B>(a).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Company Shares&#148; </B>has the meaning set forth in
<B>Section&nbsp;1.7</B>(c).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Confidentiality Agreement&#148; </B>means the
confidentiality agreement of recent date by and between Company
and Parent.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Contract&#148; </B>means any agreement, arrangement,
bond, commitment, franchise, indemnity, indenture, instrument,
lease, license or understanding, whether or not in writing.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Effective Date&#148; </B>has the meaning set forth in
<B>Section&nbsp;1.3</B>.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Effective Time&#148; </B>has the meaning set forth in
<B>Section&nbsp;1.3</B>.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Environmental Regulations&#148; </B>means, collectively,
 all Laws, regulations, orders and other requirements of any
Governmental Entity relating to the protection of human health or
 the environment or to Hazardous Substances and the use, storage,
 treatment, disposal, transport, generation, release of, and
exposure of others to, Hazardous Substances.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;ERISA&#148; </B>means the Employee Retirement Income
Security Act of 1974, as amended.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;ESPP&#148; </B>has the meaning set forth in <B>
Section&nbsp;2.2</B>(a).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Exchange Act&#148; </B>means the Securities Exchange Act
 of 1934, as amended.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Exchange Agent&#148; </B>has the meaning set forth in
<B>Section&nbsp;1.8</B>(a).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Exchange Price&#148; </B>is that price calculated
pursuant to the terms set forth in <B>Section&nbsp;1.7</B>(a).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Governmental Entity&#148; </B>means any governmental
agency, district, bureau, board, commission, court, department,
official political subdivision, tribunal or other instrumentality
 of any government, whether federal, state or local, domestic or
foreign.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Hazardous Substances&#148; </B>means (but shall not be
limited to) substances that are defined or listed in, or
otherwise classified pursuant to, any applicable Laws as <B>
&#147;hazardous substances,&#148; &#147;hazardous
materials,&#148; &#147;hazardous wastes&#148; </B>or <B>
&#147;toxic substances,&#148; </B>or any other formulation
intended to define, list or classify substances by reason of
deleterious properties such as ignitability, corrosivity,
reactivity, radioactivity, carcinogenicity, reproductive toxicity
 or <B>&#147;EP toxicity,&#148; </B>and petroleum and drilling
fluids, produced waters and other wastes associated with the
exploration, development, or production of crude oil, natural gas
 or geothermal energy, and lead, asbestos, PCBs or other
substances regulated under Environmental Regulations.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;HSR Act&#148; </B>means the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Indemnified Parties&#148; </B>has the meaning set forth
in <B>Section&nbsp;4.11</B>(a).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Indemnifying Party&#148; </B>has the meaning set forth
in <B>Section&nbsp;4.4</B>(c).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;IRS&#148; </B>means the Internal Revenue Service.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Laws&#148; </B>means any constitutional provision,
statute, ordinance, or other law, code, common law, rule,
regulation or interpretation of any Governmental Entity and any
decree, injunction, judgment, award, order, ruling, assessment or
 writ.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Losses&#148; </B>has the meaning set forth in <B>
Section&nbsp;2.4</B>.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Merger&#148; </B>has the meaning set forth in <B>
Section&nbsp;1.1</B>.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Merger Consideration&#148; </B>means the Stock Merger
Consideration and cash payable in lieu of fractional shares, if
any, pursuant to <B>Section&nbsp;1.8</B>(e).

<P align="center">A-35

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<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;NYSE&#148; </B>means the New York Stock Exchange.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Options&#148; </B>has the meaning set forth in <B>
Section&nbsp;2.2</B>(a).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Parent Benefit Plans&#148; </B>means collectively, all
employee benefit plans, programs and commitments that Parent
makes generally available to its employees and their
beneficiaries, providing benefits in the nature of pension,
retirement, severance, stock purchase, health, medical, life,
disability, sick leave, vacation, or other welfare or fringe
benefits, including, without limitation, all employee benefit
plans (as defined in Section&nbsp;3(3) of ERISA) and fringe
benefit plans (as defined in IRC Section&nbsp;6039D).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Parent&#146;s Business&#148; </B>means the business of
Parent and its subsidiaries, taken as a whole.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Parent Material Adverse Effect&#148; </B>means a
material adverse effect on the business, financial condition,
results of operation, business prospects or properties of Parent
and its subsidiaries, taken as a whole. For purposes of this
Agreement, a Parent Material Adverse Effect does not include a
material adverse effect on the business, financial condition,
results of operation or properties of Parent as a result of
(i)&nbsp;the transactions contemplated hereby or the public
announcement hereof, or (ii)&nbsp;changes in the conditions or
prospects of Parent and its subsidiaries, taken as a whole, which
 are consistent with general economic conditions or general
changes affecting the electronic components or computer products,
 distribution industries or electronics manufacturing industry,
or (iii)&nbsp;any matter disclosed in the Parent SEC Filings (as
defined in <B>Section&nbsp;3.6</B>) or in the Schedules to this
Agreement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Parent Stock&#148; </B>has the meaning set forth in <B>
Section&nbsp;1.7</B>(a).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Person&#148; </B>means any individual, partnership,
joint venture, corporation, bank, trust, unincorporated
organization or other entity.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Plan Option&#148; </B>has the meaning set forth in <B>
Section&nbsp;2.2</B>(a).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Qualified Plan&#148; </B>has the meaning set forth in
<B>Section&nbsp;2.11</B>(b).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Registration Statement&#148; </B>has the meaning set
forth in <B>Section&nbsp;4.4</B>(b).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Representatives&#148; </B>means a Person&#146;s or any
of its Subsidiaries&#146; officers, directors, employees,
consultants, investment bankers, accountants, attorneys and other
 advisors, representatives and agents.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Securities Act&#148; </B>means the Securities Act of
1933, as amended.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;SEC&#148; </B>means the Securities and Exchange
Commission.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Superior Proposal&#148; </B>has the meaning set forth in
 <B>Section&nbsp;4.13</B>.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Surviving Corporation&#148; </B>has the meaning set
forth in <B>Section&nbsp;1.1</B>.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Tax&#148; </B>or <B>&#147;Taxes&#148; </B>means any
foreign, federal, state, county or local income, sales, use,
excise, franchise, ad valorem, real and personal property,
transfer, gross receipt, stamp, premium, profits, customs,
duties, windfall profits, capital stock, production, business and
 occupation, disability, employment, payroll, severance or
withholding taxes, fees, assessments or charges of any kind
whatever imposed by any Governmental Entity, and interest and
penalties (civil or criminal), additions to tax, payments in lieu
 of taxes or additional amounts related thereto or to the
nonpayment thereof, and any loss in connection with the
determination, settlement or litigation of any Tax liability.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Tax Return&#148; </B>means a declaration, statement
report, return or other document or information required to be
filed or supplied with respect to Taxes, including, where
permitted or required, combined or consolidated returns for any
group of entities that includes Company or any of its
subsidiaries.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>&#147;Termination Fee&#148; </B>has the meaning set forth in
<B>Section&nbsp;4.9</B>.

<P align="center">A-36

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<P><HR noshade><P>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
IN WITNESS WHEREOF, the parties have duly executed this Agreement
 as of the date first written above.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="62%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<B>AVNET, INC.</B></TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="2%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ RAYMOND SADOWSKI</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="62%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Name:&nbsp;Raymond Sadowski</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="7%"></TD>
	<TD width="55%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>Title</TD>
	<TD align="left">
	Senior Vice President and Chief Financial Officer</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="62%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<B>TACTFUL ACQUISITION CORP.</B></TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="2%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ DAVID R. BIRK</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="62%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Name:&nbsp;David R. Birk</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Title:&nbsp;&nbsp;President</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<B>SAVOIR TECHNOLOGY GROUP, INC</B>.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="2%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ P. SCOTT MUNRO</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="62%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Name:&nbsp;P. Scott Munro</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="8%"></TD>
	<TD width="54%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>Title:</TD>
	<TD align="left">
	Chairman and Chief Executive Officer</TD>
</TR>

</TABLE>

<P align="center">A-37

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<P align="right"><B>APPENDIX B</B>

<P align="center"><B>STOCK OPTION AGREEMENT</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
STOCK OPTION AGREEMENT, dated as of March&nbsp;2, 2000 (the
&#147;Agreement&#148;), by and between Savoir Technology Group,
Inc., a Delaware corporation (&#147;Issuer&#148;), and Avnet,
Inc., a New York corporation (&#147;Grantee&#148;).

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
WHEREAS, Issuer, Grantee and Tactful Acquisition Corp., a
Delaware corporation (&#147;Sub&#148;), which is a direct wholly
owned subsidiary of Grantee, propose to enter into an Agreement
and Plan of Merger, dated as of the date hereof (the &#147;Merger
 Agreement&#148;; capitalized terms used but not defined herein
shall have the meanings set forth in the Merger Agreement),
providing for, among other things, a merger (the
&#147;Merger&#148;) of Sub with and into Issuer;

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
WHEREAS, as a condition and inducement to Grantee&#146;s
willingness to enter into the Merger Agreement, Grantee has
requested that Issuer agree, and Issuer has agreed, to grant
Grantee the Option (as defined below); and

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
NOW, THEREFORE, in consideration of the foregoing and the
respective representations, warranties, covenants and agreements
set forth herein and in the Merger Agreement, Issuer and Grantee
agree as follows:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	1.&nbsp; <I>Grant of Options.</I> Subject to the terms and
	conditions set forth herein, Issuer hereby grants to Grantee an
	irrevocable option (the &#147;Option&#148;) to purchase up to
	2,023,435 shares (the &#147;Option Shares&#148;) of common stock,
	 par value $0.01 per share, of Issuer (the &#147;Issuer Common
	Stock&#148;) (being 15% of the number of shares of Issuer Common
	Stock outstanding on February&nbsp;24, 2000 before such
	issuance), at a purchase price of $6.83 per Option Share (such
	price, as adjusted if applicable, the &#147;Purchase
	Price&#148;), payable in cash or in shares of common stock, par
	value $1.00 per share, of Grantee (the &#147;Grantee Common
	Stock&#148;), at the election of Grantee. The number and nature
	of Option Shares that may be received upon the exercise of the
	Option and the Purchase Price are subject to adjustment as set
	forth herein.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	2.&nbsp; <I>Exercise of Option.</I> (a)&nbsp;Grantee may exercise
	 the Option, in whole or in part, at any time or from time to
	time following the occurrence of a Purchase Event (as defined
	below); provided that, except as otherwise provided herein, the
	Option shall terminate and be of no further force and effect upon
	 the earliest to occur of (i)&nbsp;the Effective Time,
	(ii)&nbsp;6&nbsp;months after the first occurrence of a Purchase
	Event (or if, at the expiration of such 6-months after the first
	occurrence of a Purchase Event, the Option cannot be exercised by
	 reason of any applicable judgment, decree, order, law or
	regulation, 10&nbsp;business days after such impediment to
	exercise shall have been removed, but in no event under this
	clause (ii)&nbsp;later than the first anniversary of the Purchase
	 Event), (iii)&nbsp;termination of the Merger Agreement under
	circumstances which do not and cannot result in Grantee&#146;s
	becoming entitled to receive the Termination Fee from Issuer
	pursuant to Section&nbsp;4.9 of the Merger Agreement; and
	(iv)&nbsp;12&nbsp;months after the termination of the Merger
	Agreement under circumstances which do or could result in
	Grantee&#146;s becoming entitled to receive the Termination Fee
	from Issuer pursuant to Section&nbsp;4.9 of the Merger Agreement,
	 unless during such 12-month period, a Purchase Event shall
	occur. The Grantee also may terminate the Option, in whole or in
	part, upon notice to Issuer. The termination of the Option shall
	not affect any rights hereunder which by their terms extend
	beyond the date of such termination.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(b)&nbsp; As used herein, a &#147;Purchase Event&#148; means an
	event the result of which is that the Grantee becomes entitled to
	 receive the Termination Fee from Issuer pursuant to
	Section&nbsp;4.9 of the Merger Agreement.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(c)&nbsp; In the event Grantee wishes to exercise the Option, it
	shall send to Issuer a written notice (the &#147;Exercise
	Notice&#148;; the date of which being herein referred to as the
	&#147;Notice Date&#148;) specifying (i)&nbsp;the total number of
	Option Shares it intends to purchase pursuant to such exercise
	and (ii)&nbsp;a place and date not earlier than three business
	days nor later than 10 business days from such Notice Date for
	the closing of such purchase (a &#147;Closing&#148;; and the date
	 of such Closing, a &#147;Closing Date&#148;); and
	(iii)&nbsp;whether it</TD>
</TR>

</TABLE>

<P align="center">B-1

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<P><HR noshade><P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	elects to pay the Purchase Price in cash or in shares of Grantee
	Common Stock; provided that such closing shall be held only if
	(A)&nbsp;such purchase would not otherwise violate or cause the
	violation of applicable law (including the HSR Act), (B)&nbsp;no
	law, rule or regulation shall have been adopted or promulgated,
	and no temporary restraining order, preliminary or permanent
	injunction or other order, decree or ruling issued by a court or
	other governmental authority of competent jurisdiction shall be
	in effect, which prohibits delivery of such Option Shares (and
	the parties hereto shall use their reasonable best efforts to
	have any such order, injunction, decree or ruling vacated or
	reversed) and (C)&nbsp;any prior notification to or approval of
	any other regulatory authority in the United States or elsewhere
	required in connection with such purchase shall have been made or
	 obtained, other than those which if not made or obtained would
	not reasonably be expected to result in a significant detriment
	to the Grantee and its Subsidiaries taken as a whole or the
	Issuer and its Subsidiaries taken as a whole. If the Closing
	cannot be consummated by reason of a restriction set forth in
	clause (A), (B)&nbsp;or (C)&nbsp;above, notwithstanding the
	provisions of Section&nbsp;2(a), the Closing shall be held within
	 5 business days following the elimination of such restriction.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	3.&nbsp; <I>Payment and Delivery of Certificates.</I> (a)&nbsp;On
	 each Closing Date, if Grantee has elected to pay the Purchase
	Price therefor in cash, Grantee shall pay to Issuer in
	immediately available funds by wire transfer to a bank account
	designated by Issuer an amount equal to the Purchase Price
	multiplied by the Option Shares to be purchased on such Closing
	Date.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(b)&nbsp; On each Closing Date, if Grantee has elected to pay the
	 Purchase Price therefor in shares of Grantee Common Stock
	(&#147;Purchase Shares&#148;), Grantee shall deliver to Issuer a
	certificate or certificates representing the Purchase Shares to
	be delivered at such Closing, which Purchase Shares shall be free
	 and clear of all liens, charges or encumbrances
	(&#147;Liens&#148;), and Issuer shall deliver to Grantee a letter
	 agreeing that Issuer shall not offer to sell or otherwise
	dispose of such Purchase Shares in violation of applicable law or
	 the provisions of this Agreement. The number of Purchase Shares
	issuable at such Closing shall be obtained by multiplying the
	number of Option Shares specified in the Exercise Notice therefor
	 by a fraction, of which the numerator shall be the Purchase
	Price, and the denominator shall be price per share of Grantee
	Common Stock on the five trading days immediately preceding the
	Notice Date therefor.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(c)&nbsp; At each Closing, simultaneously with the delivery of
	immediately available funds as provided in Section&nbsp;3(a) or
	Purchase Shares as provided in Section&nbsp;3(b), Issuer shall
	deliver to Grantee a certificate or certificates representing the
	 Option Shares to be purchased at such closing, which Option
	Shares shall be free and clear of all Liens, and Grantee shall
	deliver to Issuer a letter agreeing that Grantee shall not offer
	to sell or otherwise dispose of such Option Shares in violation
	of applicable law or the provisions of this Agreement.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(d)&nbsp; Certificates for the Option Shares and Purchase Shares
	(collectively, &#147;Shares&#148;) delivered at each Closing
	shall be endorsed with a restrictive legend which shall read
	substantially as follows:</TD>
</TR>

</TABLE>
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	<TD width="6%"></TD>
	<TD width="94%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	THE TRANSFER OF THE STOCK REPRESENTED BY THIS CERTIFICATE IS
	SUBJECT TO RESTRICTIONS ARISING UNDER THE SECURITIES ACT OF 1933,
	 AS AMENDED, AND PURSUANT TO THE TERMS OF A STOCK OPTION
	AGREEMENT DATED AS OF MARCH&nbsp;&nbsp;&nbsp;, 2000. A COPY OF
	SUCH AGREEMENT WILL BE PROVIDED TO THE HOLDER HEREOF WITHOUT
	CHARGE UPON RECEIPT BY THE ISSUER OF A WRITTEN REQUEST THEREFOR.</TD>
</TR>

</TABLE>
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<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	It is understood and agreed that (i)&nbsp;the reference to
	restrictions arising under the Securities Act in the above legend
	 shall be removed by delivery of substitute certificate(s)
	without such reference if the issuer of such Shares shall have
	received a copy of a letter from the staff of the SEC, or an
	opinion of counsel in form and substance reasonably satisfactory
	to such issuer and its counsel, to the effect that such legend is
	 not required for purposes of the Securities Act and
	(ii)&nbsp;the reference to restrictions pursuant to this
	Agreement in the above legend shall be removed by delivery of
	substitute certificate(s) without such reference if the Shares
	evidenced by certificate(s) containing such reference have been
	sold or</TD>
</TR>

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	<TD>&nbsp;</TD>
	<TD align="left">
	transferred in compliance with the provisions of this Agreement
	under circumstances that do not require the retention of such
	reference.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	4.&nbsp; <I>Authorized Stock.</I> (a)&nbsp;Issuer hereby
	represents and warrants to, and covenants with, Grantee that
	Issuer has taken all necessary corporate and other action to
	authorize and reserve and to permit it to issue, at all times
	from the date hereof until the obligation to deliver Shares upon
	the exercise of the Option terminates, and will have reserved for
	 issuance, upon exercise of the Option, all of the Option Shares
	issuable to Grantee upon exercise of the Option, and Issuer will
	take all necessary corporate and other action to authorize and
	reserve for issuance and to permit it to issue all additional
	shares of Issuer Common Stock or other securities which may be
	issued pursuant to Section&nbsp;6 upon exercise of the Option.
	The Option Shares to be issued upon due exercise of the Option,
	including all additional shares of Issuer Common Stock or other
	securities which may be issuable upon exercise of the Option
	pursuant to Section&nbsp;6, upon issuance pursuant hereto, shall
	be duly and validly issued, fully paid and nonassessable, and
	shall be delivered free and clear of all Liens, including any
	preemptive rights of any stockholder of Issuer.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(b)&nbsp; Grantee hereby represents and warrants to, and
	covenants with, Issuer that prior to each Closing at which
	Grantee will issue Purchase Shares, Grantee will take all
	necessary corporate and other action to authorize and reserve and
	 to permit it to issue, and will have reserved for issuance, all
	of the Purchase Shares issuable to Issuer at such Closing, and
	Grantee will take all necessary corporate and other action to
	authorize and reserve for issuance and to permit it to issue all
	additional shares of Grantee Common Stock or other securities
	which may be issued pursuant to Section&nbsp;6 upon exercise of
	the Option. The Purchase Shares to be issued upon due exercise of
	 the Option, including all additional shares of Grantee Common
	Stock or other securities which may be issuable upon exercise of
	the Option pursuant to Section&nbsp;6, upon issuance pursuant
	hereto, shall be duly and validly issued, fully paid and
	nonassessable, and shall be delivered free and clear of all
	Liens, including any preemptive rights of any stockholder of
	Grantee.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	5.<I>&nbsp; Purchase Not For Distribution.</I> Grantee hereby
	represents and warrants to Issuer that any Option Shares or other
	 securities acquired by Grantee upon exercise of the Option will
	not be taken with a view to the public distribution thereof and
	will not be transferred or otherwise disposed of except in a
	transaction registered or exempt from registration under the
	Securities Act. Issuer hereby represents and warrants to Grantee
	that any Purchase Shares or other securities acquired by Issuer
	upon exercise of the Option will not be taken with a view to the
	public distribution thereof and will not be transferred or
	otherwise disposed of except in a transaction registered or
	exempt from registration under the Securities Act.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	6.<I>&nbsp; Adjustment Upon Changes in Capitalization, Etc.</I>
	(a)&nbsp;In the event of any change in Shares by reason of
	reclassification, recapitalization, stock split, split-up,
	combination, exchange of shares, stock dividend, dividend,
	dividend payable in any other securities, or any similar event,
	the type and number of Shares or securities subject to the
	Option, and the Purchase Price therefor (including for purposes
	of repurchase thereof pursuant to Section&nbsp;7), shall be
	adjusted appropriately, and proper provisions shall be made in
	the agreements governing such transaction, so that Grantee and
	Issuer each shall receive upon exercise of the Option the number
	and class of shares or other securities or property that Grantee
	would have received in respect of Shares if the Option had been
	exercised immediately prior to such event or the record date
	therefor, as applicable. If any additional shares of Issuer
	Common Stock are issued after the date of this Agreement (other
	than pursuant to an event described in the immediately preceding
	sentence), the number of shares of Issuer Common Stock subject to
	 the Option shall be adjusted so that immediately prior to such
	issuance, it equals 15% of the number of Shares then issued and
	outstanding. In no event shall the number of shares of Issuer
	Common Stock subject to the Option exceed 15% of the number of
	shares of Issuer Common Stock issued and outstanding at the time
	of exercise (without giving effect to any shares subject or
	issued pursuant to the Option).</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(b)&nbsp; Without limiting the foregoing, whenever the number of
	Option Shares purchasable upon exercise of the Option is adjusted
	 as provided in this Section&nbsp;6, the Purchase Price per
	Option Share shall</TD>
</TR>

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	<TD width="97%"></TD>
</TR>

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	<TD>&nbsp;</TD>
	<TD align="left">
	be adjusted by multiplying the Purchase Price by a fraction, the
	numerator of which is equal to the number of Option Shares
	purchasable prior to the adjustment and the denominator of which
	is equal to the number of Option Shares purchasable after the
	adjustment.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(c)&nbsp; Without limiting the parties&#146; relative rights and
	obligations under the Merger Agreement, in the event that Issuer
	enters into an agreement (i)&nbsp;to consolidate with or merge or
	 convert into any Person, other than Grantee or one of its
	Subsidiaries, and Issuer will not be the continuing or surviving
	corporation in such consolidation, conversion, or merger,
	(ii)&nbsp;to permit any Person, other than Grantee or one of its
	Subsidiaries, to merge into Issuer and Issuer will be the
	continuing or surviving corporation, but in connection with such
	merger, the shares of Company Common Stock outstanding
	immediately prior to the consummation of such merger will be
	changed into or exchanged for stock or other securities of Issuer
	 or any other Person or cash or any other property, or
	(iii)&nbsp;to sell or otherwise transfer all or substantially all
	 of its assets to any Person, other than Grantee or one of its
	Subsidiaries, then, and in each such case, the agreement
	governing such transaction will make proper provision so that the
	 Option will, upon the consummation of any such transaction and
	upon the terms and conditions set forth herein, be converted
	into, or exchanged for, an option with identical terms
	appropriately adjusted to acquire the number and class of shares
	or other securities or property that Grantee would have received
	in respect of Option Shares had the Option been exercised
	immediately prior to such consolidation, conversion, merger, sale
	 or transfer or the record date therefor, as applicable. Issuer
	shall take such steps in connection with such consolidation,
	merger, conversion, sale, transfer, or other such transaction as
	may be reasonably necessary to assure that the provisions hereof
	shall thereafter apply as nearly as possible to any securities or
	 property thereafter deliverable upon exercise of the Option.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	7.<I>&nbsp; Repurchase of Option.</I> (a)&nbsp;Notwithstanding
	the provisions of Section&nbsp;2(a), at any time upon or after
	the first occurrence of a Purchase Event and prior to termination
	 of the Option in accordance with Section&nbsp;2, Issuer shall at
	 the request of Grantee (any such request, a &#147;Cash Exercise
	Notice&#148;), repurchase from Grantee the Option or a portion
	thereof (if and to the extent not previously exercised or
	terminated) at a price which, subject to Section&nbsp;10 below,
	is equal to the excess, if any, of (x)&nbsp;the Applicable Price
	(as defined below) as of the Section&nbsp;7 Request Date (as
	defined below) for an Option Share over (y)&nbsp;the Purchase
	Price (subject to adjustment pursuant to Section&nbsp;6),
	multiplied by all or such portion of the Option&nbsp;Shares
	subject to the Option as the Grantee shall specify in the Cash
	Exercise Notice (the &#147;Option Repurchase Price&#148;).</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(b)&nbsp; Notwithstanding the provisions of Section&nbsp;2(a), at
	 any time following the occurrence of a Purchase Event, Issuer
	(or any successor entity thereof) may, at its election (notice of
	 which shall be given to Grantee), repurchase the Option (if and
	to the extent not previously exercised or terminated) at the
	Option Repurchase Price; provided that the aggregate number of
	Option Shares as to which the Option may be repurchased shall not
	 exceed 1,348,957. For purposes of this Agreement, an exercise of
	 the Option shall be deemed to occur on the Closing Date and not
	on the Notice Date relating thereto.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(c)&nbsp; In connection with any exercise of rights under this
	Section&nbsp;7, Issuer shall, within 5 business days after the
	Section&nbsp;7 Request Date, pay the Option Repurchase Price in
	immediately available funds, and Grantee shall surrender to
	Issuer the Option or the applicable portion thereof. Upon receipt
	 by the Grantee of the Option Repurchase price, the obligations
	of the Issuer to deliver Option Shares pursuant to Section&nbsp;3
	 of this Agreement shall be terminated with respect to the number
	 of Option Shares specified in the Cash Exercise Notice or the
	number of Option Shares as to which the Option is repurchased
	under Section&nbsp;7(b).</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(d)&nbsp; For purposes of this Agreement, the following terms
	have the following meanings:</TD>
</TR>

</TABLE>
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<TR>
	<TD width="6%"></TD>
	<TD width="94%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(i)&nbsp; &#147;Applicable Price&#148;, as of any date, means the
	 highest of (A)&nbsp;the highest price per Share paid or proposed
	 to be paid by any third party for Shares or the consideration
	per Share received or to be received by holders of Shares, in
	each case pursuant to any Acquisition Proposal for or with Issuer
	 made on or prior to such date or (B)&nbsp;the average closing
	price per Share as reported by Nasdaq National Market
	(&#147;NNM&#148;) or if the Shares are not listed on the NNM, the
	 highest bid price per Share as quoted on the National
	Association of Securities Dealers Automated Quotation</TD>
</TR>

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	<TD width="94%"></TD>
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<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	System or, if the Shares are not quoted thereon, on the principal
	 trading market on which such Shares are traded as reported by a
	recognized source, during the 10 trading days preceding such
	date. If the consideration to be offered, paid or received
	pursuant to the foregoing clause (A)&nbsp;shall be other than in
	cash, the value of such consideration shall be determined in good
	 faith by an independent nationally recognized investment banking
	 firm selected by Grantee and reasonably acceptable to Issuer.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(ii)&nbsp; &#147;Section&nbsp;7 Request Date&#148; means the date
	 on which Issuer gives notice of its election to repurchase the
	Option pursuant to Section&nbsp;7(b) or Grantee provides a Cash
	Exercise Notice, as the case may be.</TD>
</TR>

</TABLE>
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<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	8.<I>&nbsp; Registration Rights.</I> Issuer shall, if requested
	by Grantee or any Subsidiary of Grantee which is the owner of
	Option Shares (collectively with Grantee, the &#147;Owners&#148;)
	 at any time and from time to time within two years of the first
	exercise of the Option, as expeditiously as possible prepare and
	file up to two registration statements under the Securities Act
	if such registration is necessary in order to permit the sale or
	other disposition of any or all shares or other securities that
	have been acquired by or are issuable to such Owners upon
	exercise of the Option (&#147;Registrable Securities&#148;) in
	accordance with the intended method of sale or other disposition
	stated by such Owners, including a &#147;shelf&#148; registration
	 statement under Rule&nbsp;415 under the Securities Act or any
	successor provision, and Issuer shall use all reasonable efforts
	to qualify such Registrable Securities under any applicable state
	 securities laws. Issuer shall use all reasonable efforts to
	cause each such registration statement to become effective, to
	obtain all consents or waivers of other parties which are
	required therefor and to keep such registration statement
	effective for such period at least 90&nbsp;days from the day such
	 registration statement first becomes effective as may be
	reasonably necessary to effect such sale or other disposition.
	The obligations of Issuer hereunder to file a registration
	statement and to maintain its effectiveness may be suspended for
	a period of time not exceeding 90&nbsp;days in the aggregate if
	the Board of Directors of Issuer shall have determined in good
	faith that the filing of such registration statement or the
	maintenance of its effectiveness would require disclosure of
	nonpublic information that would materially and adversely affect
	Issuer (but in no event shall Issuer exercise such postponement
	right more than once in any 12-month period). Any registration
	statement prepared and filed under this Section&nbsp;8, and any
	sale covered thereby, shall be at Issuer&#146;s expense except
	for underwriting discounts or commissions, brokers&#146; fees and
	 the reasonable fees and disbursements of Owners&#146; counsel
	related thereto. The Owners shall provide all information
	reasonably requested by Issuer for inclusion in any registration
	statement to be filed hereunder. If during the time period
	referred to in the first sentence of this Section&nbsp;8 Issuer
	effects a registration under the Securities Act capital stock of
	the same class as the Registrable Securities for its own account
	or for any other stockholders of Issuer (other than on
	Form&nbsp;S-4 or Form&nbsp;S-8, or any successor form), it shall
	allow the Owners the right to participate in such registration,
	and such participation shall not affect the obligation of Issuer
	to effect two registration statements for the Owners under this
	Section&nbsp;8; provided that, if the managing underwriters of
	such offering advise Issuer in writing that in their opinion the
	number of Registrable Securities requested to be included in such
	 registration exceeds the number which can be sold in such
	offering without adversely affecting the offering price, Issuer
	and the Owners shall each reduce on a pro rata basis the
	Registrable Securities to be included therein on their respective
	 behalf. In connection with any registration pursuant to this
	Section&nbsp;8, Issuer and the Owners shall provide each other
	and any underwriter of the offering with customary
	representations, warranties, covenants, indemnification and
	contribution in connection with such registration.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	9.<I>&nbsp; Additional Covenants of Issuer.</I> (a)&nbsp;If
	Shares or any other securities to be acquired upon exercise of
	the Option are then listed on the NNM or any other securities
	exchange or market, Issuer, upon the request of any Owner, will
	promptly file an application to list the Shares or other
	securities to be acquired upon exercise of the Options on the NNM
	 or such other securities exchange or market and will use its
	reasonable best efforts to obtain approval of such listing as
	soon as practicable.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(b)&nbsp; Issuer will use its reasonable best efforts to take, or
	 cause to be taken, all actions and to do, or cause to be done,
	all things necessary, proper or advisable under applicable laws
	and regulations to permit the exercise of the Option in
	accordance with the terms and conditions hereof, as soon as
	practicable after</TD>
</TR>

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	<TD>&nbsp;</TD>
	<TD align="left">
	the date hereof, including making any appropriate filing pursuant
	 to the HSR Act and any other applicable law, supplying as
	promptly as practicable any additional information and
	documentary material that may be requested pursuant to the HSR
	Act and any other applicable law, and taking all other actions
	necessary to cause the expiration or termination of the
	applicable waiting periods under the HSR Act as soon as
	practicable.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(c)&nbsp; Issuer agrees not to avoid or seek to avoid (whether by
	 charter amendment or through reorganization, consolidation,
	conversion, merger, issuance of rights, dissolution or sale of
	assets, or by any other voluntary act) the observance or
	performance of any of the covenants, agreements or conditions to
	be observed or performed hereunder by it.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(d)&nbsp; Issuer shall take all such steps as may be required to
	cause any acquisitions or dispositions by Grantee (or any
	affiliate who may become subject to the reporting requirements of
	 Section&nbsp;16(a) of the Exchange Act) of any Shares acquired
	in connection with this Agreement (through conversion or exercise
	 of the Option or otherwise) to be exempt under Rule&nbsp;16b-3
	promulgated under the Exchange Act.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	10.&nbsp; <I>Limitation of Grantee Profit.</I> (a)&nbsp;
	Notwithstanding any other provision in this Agreement, in no
	event shall Grantee&#146;s Total Profit (as defined below) exceed
	 $5,100,000 (the &#147;Maximum Profit&#148;) and, if it otherwise
	 would exceed such amount, Grantee, at its sole discretion, shall
	 either (i)&nbsp;reduce the number of Shares subject to the
	Option, (ii)&nbsp;deliver to Issuer for cancellation Shares (or
	other securities into which such Option Shares are converted or
	exchanged) previously purchased by Grantee, (iii)&nbsp;pay cash
	to Issuer, or (iv)&nbsp;any combination of the foregoing, so that
	 Grantee&#146;s actually realized Total Profit shall not exceed
	the Maximum Profit after taking into account the foregoing
	actions.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(b)&nbsp; Notwithstanding any other provision of this Agreement,
	the Option may not be exercised for a number of Option Shares as
	would, as of any Notice Date, result in a Notional Total Profit
	(as defined below) of more than the Maximum Profit and, if
	exercise of the Option otherwise would result in the Notional
	Total Profit exceeding such amount, Grantee, at its discretion,
	may (in addition to any of the actions specified in
	Section&nbsp;10(a) above) (i)&nbsp;reduce the number of Shares
	subject to the Option or (ii)&nbsp;increase the Purchase Price
	for that number of Option Shares set forth in the Exercise Notice
	 so that the Notional Total Profit shall not exceed the Maximum
	Profit; PROVIDED that nothing in this sentence shall restrict any
	 exercise of the Option permitted hereby on any subsequent date
	at the Purchase Price set forth in Section&nbsp;1 hereof.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(c)&nbsp; For purposes of this Agreement, &#147;Total
	Profit&#148; shall mean: (i)&nbsp;the aggregate amount (before
	taxes) of (A)&nbsp;any excess of (x)&nbsp;the net cash amounts or
	 fair market value of any property received by Grantee pursuant
	to a sale of Option Shares (or securities into which such shares
	are converted or exchanged) over (y)&nbsp;the Grantee&#146;s
	aggregate Purchase Price for such Option Shares (or other
	securities), plus (B)&nbsp;any amounts received by Grantee on the
	 repurchase of the Option by Issuer pursuant to Section&nbsp;7,
	plus (C)&nbsp;any Termination Fee paid by Issuer and received by
	Grantee pursuant to Section&nbsp;4.9 of the Merger Agreement,
	minus (ii)&nbsp;the amounts of any cash previously paid by
	Grantee to Issuer pursuant to this Section&nbsp;10 plus the value
	 of the Option Shares (or other securities) previously delivered
	by Grantee to Issuer for cancellation pursuant to this
	Section&nbsp;10.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(d)&nbsp; For purposes of this Agreement, &#147;Notional Total
	Profit&#148; with respect to any number of Option Shares as to
	which Grantee may propose to exercise the Option shall mean the
	Total Profit determined as of the Notice Date assuming that the
	Option was exercised on such date for such number of Option
	Shares specified in the Exercise Notice and assuming that such
	Option Shares, together with all other Option Shares previously
	acquired upon exercise of the Option and held by Grantee as of
	such date, were sold for cash at the closing price per Share on
	the NNM as of the close of business on the preceding trading day
	(less customary brokerage commissions).</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(e)&nbsp; Notwithstanding any other provision of this Agreement,
	nothing in this Agreement shall affect the ability of Grantee to
	receive, nor relieve Issuer&#146;s obligation to pay, the
	Termination Fee provided for in Section&nbsp;4.9 of the Merger
	Agreement; provided that if and to the extent the Total Profit
	received by</TD>
</TR>

</TABLE>

<P align="center">B-6

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<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Grantee would exceed the Maximum Profit following receipt of such
	 payment, Grantee shall be obligated to promptly comply with the
	terms of Section&nbsp;10(a).</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(f)&nbsp; For purposes of Section&nbsp;10(a) and clause
	(ii)&nbsp;of Section&nbsp;10(c), the value of any Option Shares
	delivered by Grantee to Issuer shall be the Applicable Price of
	such Option Shares.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	11.&nbsp; <I>Loss, Theft, Etc. of Agreement.</I> This Agreement
	(and the Option granted and evidenced hereby) is exchangeable,
	without expense, at the option of Grantee, upon presentation and
	surrender of this Agreement at the principal office of Issuer for
	 other Agreements providing for Options of different
	denominations entitling the holder thereof to purchase in the
	aggregate the same number of Shares purchasable hereunder. The
	terms &#147;Agreement&#148; and &#147;Option&#148; as used herein
	 include any other Agreements and related Options for which this
	Agreement (and the Option granted hereby) may be exchanged. Upon
	receipt by Issuer of evidence reasonably satisfactory to it of
	the loss, theft, destruction or mutilation of this Agreement, and
	 (in the case of loss, theft or destruction) of reasonably
	satisfactory indemnification, and upon surrender and cancellation
	 of this Agreement, if mutilated, Issuer will execute and deliver
	 a new Agreement of like tenor and date. Any such new Agreement
	executed and delivered shall constitute an additional contractual
	 obligation on the part of Issuer, whether or not the Agreement
	so lost, stolen, destroyed or mutilated shall at any time be
	enforceable by anyone.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	12.&nbsp; <I>Miscellaneous.</I></TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(a)&nbsp; <I>Expenses.</I> Except as otherwise provided herein or
	 in the Merger Agreement, each of the parties hereto shall bear
	and pay all expenses incurred by it or on its behalf in
	connection with the transactions contemplated hereunder,
	including fees and expenses of its own financial consultants,
	investment bankers, accountants and counsel.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(b)&nbsp; <I>Waiver and Amendment.</I> Any provision of this
	Agreement may be waived at any time by the party that is entitled
	 to the benefits of such provision. This Agreement may not be
	modified, amended, altered or supplemented except upon the
	execution and delivery of a written agreement executed by the
	parties hereto.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(c)&nbsp; <I>Entire Agreement; No Third-Party Beneficiary;
	Severability.</I> Except as otherwise set forth in the Merger
	Agreement, this Agreement, together with the Merger Agreement
	(a)&nbsp;constitutes the entire agreement and supersedes all
	prior agreements and understandings, both written and oral,
	between the parties with respect to the subject matter hereof and
	 (b)&nbsp;is not intended to confer upon any person other than
	the parties hereto any rights or remedies hereunder. If any term,
	 provision, covenant or restriction of this Agreement is held by
	a court of competent jurisdiction or a federal or state
	regulatory agency to be invalid, void or unenforceable, the
	remainder of the terms, provisions, covenants and restrictions of
	 this Agreement shall remain in full force and effect and shall
	in no way be affected, impaired or invalidated. If for any reason
	 such court or regulatory agency determines that the Option does
	not permit Grantee to acquire, or does not require Issuer to
	issue or repurchase, the full number of Shares, or all or the
	relevant portion of the Option, as the case may be and as
	provided in Sections&nbsp;2 and 7, as adjusted pursuant to
	Section&nbsp;6, it is the express intention of Issuer to allow
	Grantee to acquire or to require Issuer to issue or repurchase
	such lesser number of Shares, or such lesser portion of the
	Option, as the case may be, as may be permissible without any
	amendment or modification hereof.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(d)&nbsp; <I>Governing Law.</I> THIS AGREEMENT SHALL BE GOVERNED
	AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
	DELAWARE (WITHOUT GIVING EFFECT TO CHOICE OF LAW PRINCIPLES).</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(e)&nbsp; <I>Descriptive Headings.</I> The descriptive headings
	contained herein are for convenience of reference only and shall
	not affect in any way the meaning or interpretation of this
	Agreement.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(f)&nbsp; <I>Notices.</I> All notices and other communications
	hereunder shall be in writing and shall be deemed given as set
	forth in Section&nbsp;7.4 of the Merger Agreement.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(g)&nbsp; <I>Counterparts.</I> This Agreement and any amendments
	hereto may be executed in two counterparts, each of which shall
	be considered one and the same agreement and shall become
	effective when</TD>
</TR>

</TABLE>

<P align="center">B-7

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<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	both counterparts have been signed by each of the parties and
	delivered to the other party, it being understood that both
	parties need not sign the same counterpart.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(h)&nbsp; <I>Assignment.</I> Grantee may not, without the prior
	written consent of Issuer (which shall not be unreasonably
	withheld), assign this Agreement or the Option to any other
	person. This Agreement shall not be assignable by Issuer except
	by operation of law. Subject to the preceding sentence, this
	Agreement shall be binding upon, inure to the benefit of and be
	enforceable by the parties and their respective successors and
	assigns.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(i)&nbsp; <I>Representations and Warranties.</I> The
	representations and warranties contained in Sections&nbsp;2.1
	through 2.5 of the Merger Agreement are incorporated herein by
	reference, <I>mutatis mutandis.</I></TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(j)&nbsp; <I>Further Assurances.</I> In the event of any exercise
	 of the Option by Grantee, Issuer and Grantee shall execute and
	deliver all other documents and instruments and take all other
	action that may be reasonably necessary in order to consummate
	the transactions provided for by such exercise.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(k)&nbsp; <I>Enforcement.</I> The parties agree that irreparable
	damage would occur in the event that any of the provisions of
	this Agreement were not performed in accordance with their
	specific terms. It is accordingly agreed that the parties shall
	be entitled to specific performance of the terms hereof, this
	being in addition to any other remedy to which they are entitled
	at law or in equity. Both parties further agree to waive any
	requirement for the securing or posting of any bond in connection
	 with the obtaining of any such equitable relief and that this
	provision is without prejudice to any other rights that the
	parties hereto may have for any failure to perform this
	Agreement.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(l)&nbsp; <I>Captions.</I> The Article, Section and paragraph
	captions herein are for convenience only, do not constitute part
	of this Agreement and shall not be deemed to limit or otherwise
	affect any of the provisions hereof.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(m)&nbsp; <I>Confidentiality Agreement.</I> Issuer hereby waives
	the restrictions on Grantee&#146;s acquisition of Shares
	contained in the Confidentiality Agreement to the extent
	necessary to permit Grantee to exercise the Option and purchase
	the Option Shares as herein provided.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
IN WITNESS WHEREOF, Issuer and Grantee have caused this Stock
Option Agreement to be signed by their respective officers
thereunto duly authorized, all as of the date first above
written.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="62%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	SAVOIR TECHNOLOGY GROUP, INC.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="2%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ P. SCOTT MUNRO</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="62%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	P. Scott Munro</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Chairman and Chief Executive Officer</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	AVNET, INC.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="2%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ RAYMOND SADOWSKI</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="62%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Raymond Sadowski</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Senior Vice President and Chief Financial Officer</TD>
</TR>

</TABLE>

<P align="center">B-8

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<P align="right"><B>APPENDIX C</B>

<P align="center"><B><U>INDUCEMENT AGREEMENT</U></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
This Inducement Agreement (the &#147;Agreement&#148;), dated as
of March&nbsp;2, 2000, by and among Avnet, Inc., a New York
corporation (&#147;Parent&#148;), and the stockholders listed on
the signature page hereof (each such stockholder being referred
to herein as a &#147;Stockholder&#148; and, collectively with
each other Stockholder, the &#147;Stockholders&#148;).

<P align="center"><B>
W&nbsp;I&nbsp;T&nbsp;N&nbsp;E&nbsp;S&nbsp;S&nbsp;E&nbsp;T&nbsp;H
</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
WHEREAS, each Stockholder is the sole record and beneficial owner
 of, and has the sole right to vote with respect to, certain
shares of common stock, par value $.01&nbsp;per share (the
&#147;Company Common Stock&#148;) of Savoir Technology Group,
Inc., a Delaware corporation (&#147;Company&#148;) (together with
 any shares of Company Common Stock acquired by a Stockholder
after the date hereof, the &#147;Company Shares&#148;);

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
WHEREAS, Parent, Tactful Acquisition Corp., a Delaware
corporation (&#147;Buyer&#148;), and Company propose on the date
hereof to enter into an Agreement and Plan of Merger (the
&#147;Merger Agreement&#148;), pursuant to which Buyer will be
merged with and into Company (the &#147;Merger&#148;), on the
terms and subject to the conditions contained in the Merger
Agreement; and

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
WHEREAS, in order to induce Buyer and Parent to enter into the
Merger Agreement and to incur the obligations set forth therein,
the Stockholders are entering into this Agreement pursuant to
which each Stockholder is granting: (i)&nbsp;an irrevocable proxy
 to Parent to vote in favor of the Merger, and to make certain
agreements with respect to such Stockholders&#146; Company
Shares, upon the terms and conditions set forth herein, and
(ii)&nbsp;an option to Parent to purchase all of the Company
Shares owned by such Stockholders.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
NOW THEREFORE, for and in consideration of the foregoing and the
mutual promises contained herein, and upon and subject to the
terms and conditions set forth below, the parties hereto agree as
 follows:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Section&nbsp;1.&nbsp; <I>Grant of Irrevocable Proxy.</I> Each
	Stockholder hereby irrevocably appoints and constitutes Parent or
	 any designee of Parent, with full power of substitution, the
	lawful agent, attorney and proxy of the Stockholder (each an
	&#147;Irrevocable Proxy&#148;) during the term of this Agreement
	to vote in its sole discretion all of the shares of Company
	Common Stock of which such Stockholder is or becomes the owner of
	 record or has the power to vote in the following manner for the
	following purposes: (i)&nbsp;to call one or more meetings of the
	stockholders of Company in accordance with the By-Laws of Company
	 and applicable law for the purpose of considering the
	transactions contemplated by the Merger Agreement such that the
	stockholders shall have the full opportunity to approve the
	Merger Agreement and any and all amendments, modifications and
	waivers thereof and the transactions contemplated thereby;
	(ii)&nbsp;in favor of the Merger Agreement or any of the
	transactions contemplated by the Merger Agreement at any
	stockholders meetings of Company held to consider the Merger
	Agreement (whether annual or special and whether or not an
	adjourned meeting); (iii)&nbsp;against any other proposal for any
	 recapitalization, merger, sale of assets or other business
	combination between Company and any other person or entity other
	than Buyer or Parent or the taking of any action which would
	result in any of the conditions to Parent&#146;s obligations
	under the Merger Agreement not being fulfilled; and (iv)&nbsp;as
	otherwise necessary or appropriate to enable Buyer and Parent to
	consummate the transactions contemplated by the Merger Agreement
	and, in connection with such purposes, to otherwise act with
	respect to the Shares which the Stockholder is entitled to vote.
	THIS IRREVOCABLE PROXY HAS BEEN GIVEN IN CONSIDERATION OF THE
	UNDERTAKINGS OF BUYER AND PARENT IN THE MERGER AGREEMENT AND
	SHALL BE IRREVOCABLE AND COUPLED WITH AN INTEREST UNTIL THE
	EXPIRATION DATE AS DEFINED IN SECTION 2 HEREOF. This Agreement
	shall revoke all other proxies granted by the Stockholders with
	respect to their Shares.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Section&nbsp;2.&nbsp; <I>Expiration Date.</I> This Irrevocable
	Proxy shall expire on the date (the &#147;Expiration Date&#148;)
	of the earlier to occur of (i)&nbsp;the effective time of the
	Merger, (ii)&nbsp;6&nbsp;months after the first occurrence of a
	Purchase Event (or if, at the expiration of such 6-months after
	the first occurrence of a</TD>
</TR>

</TABLE>

<P align="center">C-1

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<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Purchase Event, the Option (as defined below) cannot be exercised
	 by reason of any applicable judgment, decree, order, law or
	regulation, 10&nbsp;business days after such impediment to
	exercise shall have been removed, but in no event under this
	clause (ii)&nbsp;later than the first anniversary of the Purchase
	 Event), (iii)&nbsp;termination of the Merger Agreement under
	circumstances which do not and cannot result in Parent becoming
	entitled to receive the Termination Fee from Company pursuant to
	Section&nbsp;4.9 of the Merger Agreement; and
	(iv)&nbsp;12&nbsp;months after the termination of the Merger
	Agreement under circumstances which do or could result in
	Parent&#146;s becoming entitled to receive the Termination Fee
	from Issuer pursuant to Section&nbsp;4.9 of the Merger Agreement,
	 unless during such 12-month period, a Purchase Event shall
	occur. As used herein, a &#147;Purchase Event&#148; means an
	event the result of which is that Parent becomes entitled to
	receive the Termination Fee from Company pursuant to
	Section&nbsp;4.9 of the Merger Agreement.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	<I>Section&nbsp;3.&nbsp; Grant of Option.</I> Subject to the
	conditions herein set forth, each Stockholder hereby grants to
	Parent an irrevocable option (the &#147;Option&#148;) to acquire
	such Stockholder&#146;s Shares (the &#147;Option Shares&#148;),
	at the Exercise Price, payable in cash or in shares of common
	stock, par value $1.00&nbsp;per share, of Parent (the
	&#147;Parent Stock&#148;), at the election of Parent. The number
	and nature of Option Shares that may be received upon the
	exercise of the Option, and the Exercise Price, are subject to
	adjustment as set forth herein. The Option may be exercised from
	and after the date Company or its stockholders shall have
	received in writing, or there shall have been publicly disclosed,
	 an &#147;Acquisition Proposal&#148; (as such term is defined in
	the Merger Agreement). The Option shall terminate and be of no
	further force and effect upon the Expiration Date.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Section&nbsp;4.&nbsp; <I>Exercise of Option.</I> Parent may
	exercise the Option by delivery of written notice of exercise (an
	 &#147;Exercise Notice&#148;) to the Stockholder with respect to
	which the Option is being exercised (the &#147;Called
	Stockholder&#148;), binding Parent to acquire the Called
	Stockholder&#146;s Option Shares on the terms set forth herein,
	signed by an officer of Parent, to the Called Stockholder at the
	executive offices of Company in Campbell, California, prior to
	the Expiration Date.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Section&nbsp;5.&nbsp; <I>Exercise Price.</I> (a)&nbsp;The
	&#147;Exercise Price&#148; shall be $7.85, subject to adjustment
	pursuant to this Section&nbsp;5. In the event of any change in
	Option Shares by reason of reclassification, recapitalization,
	stock split, split-up, combination, exchange of shares, stock
	dividend, dividend, dividend payable in any other securities, or
	any similar event, the type and number of Option Shares or
	securities subject to the Option, and the Exercise Price
	therefor, shall be adjusted appropriately, and proper provisions
	shall be made in the agreements governing such transaction, so
	that Parent shall receive upon exercise of each Option the number
	 and class of shares or other securities or property that Parent
	would have received in respect of Option Shares if such Option
	had been exercised immediately prior to such event or the record
	date therefor.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(b)&nbsp; If the Merger shall occur, under the Merger Agreement
	as entered into on the date hereof, at an &#147;Exchange
	Price&#148; (as such term is defined in the Merger Agreement)
	less than $59.6063, and if any Option shall have been exercised
	prior to the Merger, then Parent shall issue to each Stockholder
	with respect to which the Option was exercised, promptly after
	the Merger, an additional number of shares of Parent Stock (plus
	cash in lieu of fractional shares) equal to the difference (the
	&#147;Collar Difference&#148;) between (i)&nbsp;the number of
	shares of Parent Stock (A)&nbsp;issued upon such exercise of the
	Option (if Parent shall have elected to pay the Exercise Price in
	 shares of Parent Stock) or (B)&nbsp;derived by dividing the
	amount of cash received upon such exercise of the Option (if
	Parent shall have elected to pay the Exercise Price in cash) by
	the Exchange Price and (ii)&nbsp;the number of shares of Parent
	Stock to which such Stockholder would have been entitled in
	respect of such Option Shares upon the Merger.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(c)&nbsp; If the Merger shall occur, under the Merger Agreement
	as entered into on the date hereof, at an Exchange Price greater
	than $59.6063 and if any Option shall have been exercised prior
	to the Merger, then each Stockholder with respect to which the
	Option was exercised, promptly after the Merger, shall deliver to
	 Parent a number of shares of Parent Stock (plus cash in lieu of
	fractional shares) equal to the Collar Difference, or, in the
	election of the Stockholder, cash equal to the product of the
	Collar Difference times the Exchange Price.</TD>
</TR>

</TABLE>

<P align="center">C-2

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<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Section&nbsp;6.&nbsp; <I>Closing of Option.</I> (a)&nbsp;The
	closing of each purchase and sale of Option Shares (the
	&#147;Closing&#148;) shall occur at the offices of Carter,
	Ledyard&nbsp;&#38; Milburn in New York, New York, at 10&nbsp;a.m.
	 on the second business day following the delivery of the
	Exercise Notice therefor.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(b)&nbsp; At each Closing, if Parent shall have elected to pay
	the Exercise Price therefor in shares of Parent Stock
	(&#147;Purchase Shares&#148;), Parent shall deliver to the Called
	 Stockholder a certificate or certificates representing the
	Purchase Shares to be delivered at such Closing, which Purchase
	Shares shall be free and clear of all liens, charges or
	encumbrances (&#147;Liens&#148;), plus cash in lieu of fractional
	 shares, and the Called Stockholder shall deliver to Grantee a
	letter agreeing that Issuer shall not offer to sell or otherwise
	dispose of such Purchase Shares in violation of applicable law or
	 the provisions of this Agreement. The number of Purchase Shares
	issuable at such Closing shall be obtained by multiplying the
	number of Option Shares specified in the Exercise Notice therefor
	 by a fraction, of which the numerator shall be the Exercise
	Price, and the denominator shall be price per share of Parent
	Common Stock on the five trading days immediately preceding the
	date of the Exercise Notice therefor.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(c)&nbsp; At each Closing, if Parent shall have elected to pay
	the Exercise Price therefor in cash, Grantee shall pay to the
	Called Stockholder in immediately available funds by wire
	transfer to a bank account designated by Issuer an amount equal
	to the Exercise Price multiplied by the number of Option Shares
	to be purchased at such Closing.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(d)&nbsp; At each Closing, simultaneously with the delivery of
	immediately available funds as provided in Section&nbsp;6(b) or
	Purchase Shares as provided in Section&nbsp;6(c), the Called
	Stockholder shall deliver to Parent a certificate or certificates
	 representing the Option Shares to be purchased at such closing,
	which Option Shares shall be free and clear of all Liens, and
	Parent shall deliver to the Called Stockholder a letter agreeing
	that Parent shall not offer to sell or otherwise dispose of such
	Option Shares in violation of applicable law or the provisions of
	 this Agreement.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(e)&nbsp; Certificates for the Option Shares and Purchase Shares
	delivered at each Closing shall be endorsed with a restrictive
	legend which shall read substantially as follows:</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="94%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	THE TRANSFER OF THE STOCK REPRESENTED BY THIS CERTIFICATE IS
	SUBJECT TO RESTRICTIONS ARISING UNDER THE SECURITIES ACT OF 1933,
	 AS AMENDED, AND PURSUANT TO THE TERMS OF AN INDUCEMENT AGREEMENT
	 DATED AS OF MARCH &nbsp;&nbsp;, 2000. A COPY OF SUCH AGREEMENT
	WILL BE PROVIDED TO THE HOLDER HEREOF WITHOUT CHARGE UPON RECEIPT
	 BY THE ISSUER OF A WRITTEN REQUEST THEREFOR.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	It is understood and agreed that (i)&nbsp;the reference to
	restrictions arising under the Securities Act in the above legend
	 shall be removed by delivery of substitute certificate(s)
	without such reference if the issuer of such Shares shall have
	received a copy of a letter from the staff of the Securities and
	Exchange Commission, or an opinion of counsel in form and
	substance reasonably satisfactory to such issuer and its counsel,
	 to the effect that such legend is not required for purposes of
	the Securities Act and (ii)&nbsp;the reference to restrictions
	pursuant to this Agreement in the above legend shall be removed
	by delivery of substitute certificate(s) without such reference
	if the Shares evidenced by certificate(s) containing such
	reference have been sold or transferred in compliance with the
	provisions of this Agreement under circumstances that do not
	require the retention of such reference.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Section&nbsp;7.&nbsp; <I>Covenants of the Stockholders.</I> Each
	Stockholder covenants and agrees for the benefit of Parent that,
	until the Expiration Date, such Stockholder will not:</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="94%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(a)&nbsp; sell, transfer, pledge, hypothecate, encumber, assign,
	tender or otherwise dispose of, or enter into any contract,
	option or other arrangement or understanding with respect to the
	sale, transfer, pledge, hypothecation, encumbrance, assignment,
	tender or other disposition of, any of his Company Shares or any
	interest therein;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(b)&nbsp; other than as expressly contemplated by this Agreement,
	 grant any powers of attorney or proxies or consents in respect
	of any of such Stockholder&#146;s Company Shares, deposit any of
	such</TD>
</TR>

</TABLE>

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<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="94%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Company Shares into a voting trust, enter into a voting agreement
	 with respect to any of such Company Shares or otherwise restrict
	 or take any action adversely affecting the ability of such
	Stockholder freely to exercise all voting rights with respect
	thereto; or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(c)&nbsp; except as permitted by the Merger Agreement, directly
	or indirectly through his or her agents and representatives,
	initiate, solicit or encourage, any inquiries or the making or
	implementation of any alternative proposal (an &#147;Alternative
	Proposal&#148;) to acquire the Company Shares or engage in any
	negotiations concerning, or provide any confidential information
	or data to, or have any discussions with, any person relating to
	an Alternative Proposal, or otherwise facilitate any effort or
	attempt to make or implement an Alternative Proposal; and such
	Stockholder shall (i)&nbsp;immediately cease and cause to be
	terminated any existing activities, including discussions or
	negotiations with any parties, conducted heretofore with respect
	to any of the foregoing and will take the necessary steps to
	inform his or her agents and representatives of the obligations
	undertaken in this Section&nbsp;7(c), and (ii)&nbsp;notify Parent
	 immediately if any such inquiries or proposals are received by,
	any such information is requested from, or any such negotiations
	or discussions are sought to be initiated or continued with, him
	or her.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Section&nbsp;8.&nbsp; <I>Covenants of Parent.</I> Parent
	covenants and agrees for the benefit of the Stockholders that
	(a)&nbsp;immediately upon execution of this Agreement, Parent
	shall enter into the Merger Agreement, and (b)&nbsp;until the
	Expiration Date, it shall use all reasonable efforts to take, or
	cause to be taken, all action, and do, or cause to be done, all
	things necessary or advisable in order to consummate and make
	effective the transactions contemplated by this Agreement and the
	 Merger Agreement, consistent with the terms and conditions of
	each such agreement; provided, however, that nothing in this
	Section&nbsp;8 or any other provision of this Agreement is
	intended, nor shall it be construed, to limit or in any way
	restrict Parent&#146;s right or ability to exercise any of its
	rights under the Merger Agreement.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Section&nbsp;9.&nbsp; <I>Representations and Warranties of the
	Stockholders.</I> Each Stockholder represents and warrants to
	Parent that:</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="94%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(a)&nbsp; the execution, delivery and performance by such
	Stockholder of this Agreement will not conflict with, require a
	consent, waiver or approval under, or result in a breach or
	default under, any of the terms of any contract, commitment or
	other obligation (written or oral) to which such Stockholder is
	bound;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(b)&nbsp; such Stockholder has full right, power and authority to
	 enter into and execute this Agreement and to perform his
	obligations hereunder;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(c)&nbsp; this Agreement has been duly executed and delivered by
	such Stockholder and constitutes a legal, valid and binding
	obligation of such Stockholder enforceable against him in
	accordance with its terms;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(d)&nbsp; such Stockholder is the sole record and beneficial
	owner of, and has the sole right to vote with respect to, the
	number of Company Shares set forth opposite such
	Stockholder&#146;s name on Schedule&nbsp;A hereto, and such
	Company Shares represent all shares of Company Common Stock of or
	 with respect to which such Stockholder is the sole owner or has
	the right to vote at the date hereof;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(e)&nbsp; except for the Company Shares listed on Schedule&nbsp;A
	 hereto, such Stockholder does not have any right to acquire, nor
	 is he or she the &#147;beneficial owner&#148; (as such term is
	defined in Rule&nbsp;13d-3 under the Securities Exchange Act of
	1934, as amended) of, any other shares of any class of capital
	stock of Company or any securities convertible into or
	exchangeable or exercisable for any shares of any class of
	capital stock of Company (other than shares subject to options or
	 other rights granted by Company as set forth on Schedule&nbsp;B
	hereto);</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(f)&nbsp; such Stockholder&#146;s Company Shares are duly
	authorized, validly issued, fully paid and non-assessable, and
	such Stockholder owns its Company Shares free and clear of all
	Liens, other than as provided by this Agreement, and good and
	valid title to its Company Shares, free and clear of any</TD>
</TR>

</TABLE>

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<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="94%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Lien, will pass to Parent upon Closing or exercise of the Option
	granted pursuant to Section&nbsp;4 hereof; and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(g)&nbsp; The Board of Directors of Company has approved the
	granting of the Option to Parent.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	The representations and warranties contained herein shall be made
	 as of the date hereof and as of the Closing.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Section&nbsp;10.&nbsp; <I>Representations and Warranties of
	Parent.</I> Parent represents and warrants to the Stockholders
	that:</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="94%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(a)&nbsp; It has all requisite corporate power and authority to
	enter into and perform all of its obligations under this
	Agreement;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(b)&nbsp; The execution, delivery and performance of this
	Agreement by it and all transactions contemplated hereby have
	been duly authorized by all necessary corporate action on its
	part, and this Agreement constitutes the legal, valid and binding
	 contract of Parent enforceable against it in accordance with its
	 terms;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(c)&nbsp; Parent will not acquire the Option Shares with a view
	to the distribution thereof as that term is used in the
	Securities Act of 1933; and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(d)&nbsp; The Purchase Shares issuable hereunder, when issued to
	a Called Stockholder in accordance with Section&nbsp;6(b) hereof,
	 will be duly authorized, validly issued, fully paid and
	non-assessable shares of common stock of Parent, and good and
	valid title to such shares of Parent Stock, free and clear of any
	 Encumbrance, will pass to the Stockholders upon exercise of the
	Option.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	The representations and warranties contained herein shall be made
	 as of the date hereof and as of the Closing.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Section&nbsp;10.&nbsp; <I>Adjustments; Additional Shares.</I> In
	the event of any stock dividend, stock split, merger (other than
	the Merger), recapitalization, reclassification, combination,
	exchange of shares or the like of the capital stock of Company
	on, of or affecting the Company Common Stock then the terms of
	this Agreement shall apply to the shares of capital stock or
	other instruments or documents that the Stockholders own or have
	the right to vote immediately following the effectiveness of such
	 event as though they were Shares hereunder.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Section&nbsp;11.&nbsp; <I>Registration Rights. </I>If Parent
	shall have elected to pay the Exercise Price for the purchase of
	any Option Shares in Purchase Shares, Parent shall, as
	expeditiously as reasonably possible after the Closing therefor,
	prepare and file a registration statement under the Securities
	Act if such registration is necessary in order to permit the sale
	 or other disposition of any or all such Purchase Shares in
	accordance with the intended method of sale or other disposition
	stated by the holder of such Purchase Shares, including a
	&#147;shelf&#148; registration statement under Rule&nbsp;415
	under the Securities Act or any successor provision, and Parent
	shall use all reasonable efforts to list such Purchase Shares on
	the New York Stock Exchange and to qualify such Purchase Shares
	under any applicable state securities laws. Parent shall use all
	reasonable efforts to cause such registration statement to become
	 effective, to obtain all consents or waivers of other parties
	which are required therefor and to keep such registration
	statement effective for such period at least 90&nbsp;days from
	the day such registration statement first becomes effective as
	may be reasonably necessary to effect such sale or other
	disposition. The obligations of Parent hereunder to file a
	registration statement and to maintain its effectiveness may be
	suspended for a period of time not exceeding 90&nbsp;days in the
	aggregate if the Board of Directors of Parent shall have
	determined in good faith that the filing of such registration
	statement or the maintenance of its effectiveness would require
	disclosure of nonpublic information that would materially and
	adversely affect Parent (but in no event shall Parent exercise
	such postponement right more than once in any 12-month period).
	Any registration statement prepared and filed under this
	Section&nbsp;11, and any sale covered thereby, shall be at
	Parent&#146;s expense except for underwriting discounts or
	commissions, brokers&#146; fees and the reasonable fees and
	disbursements of counsel to the Purchase Share holders. The
	Purchase Share holders shall provide all information reasonably
	requested by Parent for inclusion in any registration statement
	to be filed</TD>
</TR>

</TABLE>

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<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	hereunder. In connection with any registration pursuant to this
	Section&nbsp;11, Parent and the Purchase Share holders shall
	provide each other and any underwriter of the offering with
	customary representations, warranties, covenants, indemnification
	 and contribution in connection with such registration.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Section&nbsp;12.&nbsp;&nbsp;<I>Specific Performance.</I> The
	parties hereto agree that the Shares are unique and that money
	damages are an inadequate remedy for breach of this Agreement
	because of the difficulty of ascertaining the amount of damage
	that will be suffered by Parent in the event that this Agreement
	is breached. Therefore, each of the Stockholders agrees that in
	addition to and not in lieu of any other remedies available in
	Parent at law or in equity, Parent may obtain specific
	performance of this Agreement.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Section&nbsp;13.&nbsp; <I>Assignment.</I> Parent&#146;s rights
	and obligations under this Agreement may not be assigned without
	the consent of each affected Stockholder, except that Parent may
	assign the same to any of its direct or indirect wholly-owned
	subsidiaries upon delivery of written notice of such assignment
	to such affected Stockholder(s).</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Section&nbsp;14.&nbsp; <I>Amendments.</I> Amendment or waiver of
	any provision of this Agreement or consent to departure therefrom
	 shall be effective unless in writing and signed by Parent and
	all affected Stockholders, in the case of an amendment, or by the
	 party which is the beneficiary of any such provision, in the
	case of a waiver or a consent to depart therefrom.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Section&nbsp;15.&nbsp;&nbsp;<I>Notices.</I> Any notices or other
	communications hereunder shall be in writing and shall be deemed
	to have bee duly given (and shall be deemed to have been duly
	received if so given) if personally delivered or sent by
	telecopier or by registered or certified mail, postage paid,
	addressed to the respective parties as follows:</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="94%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	If to Parent:</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="10%"></TD>
	<TD width="90%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Avnet, Inc.</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	2211 South 4th Street</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Phoenix, Arizona 85034</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Attention: David Birk, General Counsel</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Telecopy: (480)&nbsp;643-7929</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="94%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	with a copy to:</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="10%"></TD>
	<TD width="90%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Carter, Ledyard &#38; Milburn</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	2 Wall Street</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	New York, New York 10005</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Attention: James E. Abbott</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Telecopier No.: 212-732-3232</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="94%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	If to a Stockholder:</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="10%"></TD>
	<TD width="90%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	To the address listed on the signature page hereof</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="94%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	with a copy to:</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="10%"></TD>
	<TD width="90%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Pillsbury Madison &#38; Sutro LLP</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	2550 Hanover Street</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Palo Alto, California 94304</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Attention: Jorge del Calvo</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Telecopy: (650)&nbsp;233-4545</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	 or to such other address as either party may have furnished to
	the other in writing in accordance herewith, except that notices
	of change of address shall only be effective upon receipt.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Section&nbsp;16.&nbsp; <I>Miscellaneous.</I> All references
	herein to time shall mean New York, New York time. All amounts
	payable hereunder are in United States Dollars.</TD>
</TR>

</TABLE>

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	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Section&nbsp;17.&nbsp; <I>Governing Law.</I> This Agreement shall
	 be governed by and construed in accordance with the internal
	substantive laws of the State of Delaware, without regard to the
	conflict of laws principles thereof.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Section&nbsp;18.&nbsp; <I>Binding Effect.</I> This Agreement
	shall be binding upon and inure to the benefit of the parties
	hereto and their respective successors, personal representatives,
	 executors, heirs and permitted assigns.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Section&nbsp;19.&nbsp;&nbsp;<I>Headings.</I> The Section headings
	 herein are for convenience of reference only and shall not
	affect the construction hereof.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	Section&nbsp;20.&nbsp; <I>Counterparts.</I> This Agreement may be
	 executed in several counterparts, each of which shall be an
	original, but all of which together shall constitute one and the
	same Agreement.</TD>
</TR>

</TABLE>

<P align="center">C-7

<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
IN WITNESS WHEREOF, Parent and each of the Stockholders have duly
 executed this Agreement as of the date and year first above
written.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="62%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	AVNET, INC.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="2%"></TD>
	<TD width="60%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>By:&nbsp;</TD>
	<TD align="left">
	/s/ RAYMOND SADOWSKI</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="62%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Name:&nbsp;Raymond Sadowski</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="8%"></TD>
	<TD width="54%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD>Title:</TD>
	<TD align="left">
	Senior Vice President and</TD>
</TR>

</TABLE>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="62%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Chief Financial Officer</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	/s/ P. SCOTT MUNRO</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	P. Scott Munro</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	/s/ CARLTON JOSEPH MERTENS II</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Carlton Joseph Mertens II</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	/s/ DENNIS POLK</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Dennis Polk</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	/s/ BOB O&#146;REILLY</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Bob O&#146;Reilly</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	/s/ LARRY SMART</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Larry Smart</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	/s/ ANGELO GUADAGNO</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Angelo Guadagno</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	/s/ BILL SICKLER</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Bill Sickler</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	/s/ MIKE GUNNELS</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Mike Gunnels</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	/s/ GUY LAMMLE</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<HR size="1" align="left"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Guy Lammle</TD>
</TR>

</TABLE>

<P align="center">C-8

<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="right"><B>APPENDIX&nbsp;D</B>


<P align="center"><B>ALLIANT PARTNERS</B>


<P align="right">April&nbsp;19, 2000

<P align="left">Board of Directors

<DIV align="left">
Savoir Technology Group, Inc.
</DIV>

<DIV align="left">
254 E. Hacienda Avenue
</DIV>

<DIV align="left">
Campbell, CA 95008
</DIV>

<P align="left">Ladies and Gentlemen:

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
You have requested our opinion as to the fairness, from a
financial point of view, to the shareholders of Savoir Technology
 Group, Inc. (&#147;Savoir&#148; or the &#147;Company&#148;) of
the consideration received in the acquisition (the
&#147;Acquisition&#148;) of Savoir by Avnet, Inc.
(&#147;Avnet&#148;). As contemplated by the Amended and Restated
Agreement and Plan of Merger dated as of March&nbsp;2, 2000 (the
&#147;Merger Agreement&#148;), holders of Savoir common stock
will receive, for each share of Savoir common stock, between
0.15494 and 0.11452 of a share of Avnet common stock, depending
upon the average of the closing prices of Avnet common stock
during the fifteen trading days ending five days before the date
of the special meeting. Holders of Savoir Series&nbsp;A Preferred
 stock will receive, for each share of Series&nbsp;A Preferred
stock, a number of shares of Avnet common stock equal to $9.6581
divided by the average of the closing prices of Avnet common
stock during the five trading days ending on the day before the
effective date of the merger. Based on an Exchange Price at
signing of $59.61 in Avnet common stock and 16.294 million Savoir
 shares outstanding (on a fully diluted basis), consideration
paid to Savoir shareholders is valued at $127.9 million.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
For purposes of the opinion set forth herein, we have:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(a)&nbsp; Reviewed public financial statements and other
	information concerning Savoir and Avnet as well as selected
	analyst reports discussing historical and projected future
	performance of Avnet;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(b)&nbsp; Reviewed certain internal financial statements and
	other financial and operating data concerning Savoir that was
	prepared by Savoir&#146;s management;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(c)&nbsp; Analyzed certain financial projections prepared by the
	management of Savoir;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(d)&nbsp; Discussed the past and current operations, financial
	condition, and the prospects of Savoir with senior executives of
	Savoir;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(e)&nbsp; Discussed with the senior management of Savoir the
	strategic objectives of the Acquisition and the strategic
	alternatives available to Savoir;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(f)&nbsp; Discussed with the senior management of Avnet the
	strategic objectives of the Acquisition;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(g)&nbsp; Compared the financial performance of Savoir with that
	of certain comparable publicly-traded companies and the prices
	paid for securities in those publicly-traded companies;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(h)&nbsp; Reviewed the financial terms, to the extent publicly
	available, of certain comparable acquisition transactions of
	comparable companies;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(i)&nbsp; Assessed Savoir&#146;s value based upon a forecast of
	future cash flows using a discounted cash flow analysis;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(j)&nbsp; Reviewed the Merger Agreement and discussed the
	proposed terms of the transaction with managements of both Savoir
	 and Avnet; and</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(k)&nbsp; Performed such other analyses and considered such other
	 factors as we have deemed appropriate.</TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
We have assumed and relied upon, without independent
verification, the accuracy and completeness of the information
reviewed by us for the purposes of this opinion. With respect to
the financial projections of

<P align="center">D-1
<!-- PAGEBREAK -->
<P><HR noshade><P>

<DIV align="left">
Board of Directors
</DIV>

<DIV align="left">
Savoir Corporation
</DIV>

<DIV align="left">
April 19, 2000
</DIV>

<DIV align="left">
Page 2
</DIV>

<P align="left">
Savoir, we have assumed that they have been reasonably prepared
on bases reflecting the best currently available estimates and
judgments of the future financial performance of the Company. The
 financial and other information regarding Savoir reviewed by
Alliant Partners in connection with the rendering of this opinion
 was limited to information provided by Savoir&#146;s management
and certain discussions with Savoir&#146;s senior management
regarding the Company&#146;s financial condition and prospects as
 well as the strategic objectives of the Acquisition and
strategic alternatives available to Savoir. In addition, we have
assumed that the Acquisition will be consummated in accordance
with the terms set forth in the Agreement. We have not made any
independent valuation or appraisal of the assets or liabilities
of Savoir, nor have we been furnished with any such appraisals.
Our opinion is necessarily based on economic, market and other
conditions as in effect on, and the information made available to
 us as of, the date hereof.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Our opinion addresses only the fairness of the proposed
Acquisition, from a financial point of view, to the stockholders
of Savoir, and we do not express any views on any other terms of
the proposed Acquisition or the business and strategic bases
underlying the Merger Agreement.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Alliant Partners has received fees for this transaction as well
as for other Savoir transactions over the past several years.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Based upon and subject to the foregoing, it is our opinion that,
as of the date hereof, the total consideration received by the
Savoir stockholders pursuant to the Agreement and Plan of Merger
is fair, from a financial point of view, to the Savoir
stockholders.
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="38%"></TD>
	<TD width="62%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	Very truly yours,</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	/s/ Alliant Partners</TD>
</TR>

</TABLE>

<P align="center">D-2

<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="right"><B>APPENDIX E</B>

<P align="center"><B>Section&nbsp;262 of the Delaware General Corporation
Law&nbsp;&#151; Appraisal Rights</B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(a)&nbsp; Any stockholder of a corporation of this State who
holds shares of stock on the date of the making of a demand
pursuant to subsection (d)&nbsp;of this section with respect to
such shares, who continuously holds such shares through the
effective date of the merger or consolidation, who has otherwise
complied with subsection&nbsp;(d) of this section and who has
neither voted in favor of the merger or consolidation nor
consented thereto in writing pursuant to &#167;&nbsp;228 of this
title shall be entitled to an appraisal by the Court of Chancery
of the fair value of the stockholder&#146;s shares of stock under
 the circumstances described in subsections&nbsp;(b) and (c) of
this section. As used in this section, the word
&#147;stockholder&#148; means a holder of record of stock in a
stock corporation and also a member of record of a nonstock
corporation; the words &#147;stock&#148; and &#147;share&#148;
mean and include what is ordinarily meant by those words and also
 membership or membership interest of a member of a nonstock
corporation; and the words &#147;depository receipt&#148; mean a
receipt or other instrument issued by a depository representing
an interest in one or more shares, or fractions thereof, solely
of stock of a corporation, which stock is deposited with the
depository.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(b)&nbsp; Appraisal rights shall be available for the shares of
any class or series of stock of a constituent corporation in a
merger or consolidation to be effected pursuant to
&#167;&nbsp;251 (other than a merger effected pursuant to
&#167;&nbsp;251(g) of this title), &#167;&nbsp;252,
&#167;&nbsp;254, &#167;&nbsp;257, &#167;&nbsp;258,
&#167;&nbsp;263 or &#167;&nbsp;264 of this title:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(1)&nbsp; Provided, however, that no appraisal rights under this
	section shall be available for the shares of any class or series
	of stock, which stock, or depository receipts in respect thereof,
	 at the record date fixed to determine the stockholders entitled
	to receive notice of and to vote at the meeting of stockholders
	to act upon the agreement of merger or consolidation, were either
	 (i)&nbsp;listed on a national securities exchange or designated
	as a national market system security on an interdealer quotation
	system by the National Association of Securities Dealers, Inc. or
	 (ii)&nbsp;held of record by more than 2,000 holders; and further
	 provided that no appraisal rights shall be available for any
	shares of stock of the constituent corporation surviving a merger
	 if the merger did not require for its approval the vote of the
	stockholders of the surviving corporation as provided in
	subsection (f)&nbsp;of &#167;&nbsp;251 of this title.</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(2)&nbsp; Notwithstanding paragraph (1)&nbsp;of this subsection,
	appraisal rights under this section shall be available for the
	shares of any class or series of stock of a constituent
	corporation if the holders thereof are required by the terms of
	an agreement of merger or consolidation pursuant to
	&#167;&#167;&nbsp;251, 252, 254, 257, 258, 263 and 264 of this
	title to accept for such stock anything except:</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="6%"></TD>
	<TD width="94%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	a.&nbsp; Shares of stock of the corporation surviving or
	resulting from such merger or consolidation, or depository
	receipts in respect thereof;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	b.&nbsp; Shares of stock of any other corporation, or depository
	receipts in respect thereof, which shares of stock (or depository
	 receipts in respect thereof) or depository receipts at the
	effective date of the merger or consolidation will be either
	listed on a national securities exchange or designated as a
	national market system security on an interdealer quotation
	system by the National Association of Securities Dealers, Inc. or
	 held of record by more than 2,000 holders;</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	c.&nbsp; Cash in lieu of fractional shares or fractional
	depository receipts described in the foregoing subparagraphs a.
	and b. of this paragraph; or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	d.&nbsp; Any combination of the shares of stock, depository
	receipts and cash in lieu of fractional shares or fractional
	depository receipts described in the foregoing
	subparagraphs&nbsp;a., b. and c. of this paragraph.</TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(3)&nbsp; In the event all of the stock of a subsidiary Delaware
	corporation party to a merger effected under &#167;&nbsp;253 of
	this title is not owned by the parent corporation immediately
	prior to the merger, appraisal rights shall be available for the
	shares of the subsidiary Delaware corporation.</TD>
</TR>

</TABLE>

<P align="center">E-1

<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(c)&nbsp; Any corporation may provide in its certificate of
incorporation that appraisal rights under this section shall be
available for the shares of any class or series of its stock as a
 result of an amendment to its certificate of incorporation, any
merger or consolidation in which the corporation is a constituent
 corporation or the sale of all or substantially all of the
assets of the corporation. If the certificate of incorporation
contains such a provision, the procedures of this section,
including those set forth in subsections&nbsp;(d) and (e) of this
 section, shall apply as nearly as is practicable.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(d)&nbsp; Appraisal rights shall be perfected as follows:
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="3%"></TD>
	<TD width="97%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(1)&nbsp; If a proposed merger or consolidation for which
	appraisal rights are provided under this section is to be
	submitted for approval at a meeting of stockholders, the
	corporation, not less than 20&nbsp;days prior to the meeting,
	shall notify each of its stockholders who was such on the record
	date for such meeting with respect to shares for which appraisal
	rights are available pursuant to subsection (b)&nbsp;or
	(c)&nbsp;hereof that appraisal rights are available for any or
	all of the shares of the constituent corporations, and shall
	include in such notice a copy of this section. Each stockholder
	electing to demand the appraisal of such stockholder&#146;s
	shares shall deliver to the corporation, before the taking of the
	 vote on the merger or consolidation, a written demand for
	appraisal of such stockholder&#146;s shares. Such demand will be
	sufficient if it reasonably informs the corporation of the
	identity of the stockholder and that the stockholder intends
	thereby to demand the appraisal of such stockholder&#146;s
	shares. A proxy or vote against the merger or consolidation shall
	 not constitute such a demand. A stockholder electing to take
	such action must do so by a separate written demand as herein
	provided. Within 10&nbsp;days after the effective date of such
	merger or consolidation, the surviving or resulting corporation
	shall notify each stockholder of each constituent corporation who
	 has complied with this subsection and has not voted in favor of
	or consented to the merger or consolidation of the date that the
	merger or consolidation has become effective; or</TD>
</TR>

<TR>
	<TD>&nbsp;</TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	(2)&nbsp; If the merger or consolidation was approved pursuant to
	 &#167;&nbsp;228 or &#167;&nbsp;253 of this title, each
	constituent corporation, either before the effective date of the
	merger or consolidation or within ten days thereafter, shall
	notify each of the holders of any class or series of stock of
	such constituent corporation who are entitled to appraisal rights
	 of the approval of the merger or consolidation and that
	appraisal rights are available for any or all shares of such
	class or series of stock of such constituent corporation, and
	shall include in such notice a copy of this section; provided
	that, if the notice is given on or after the effective date of
	the merger or consolidation, such notice shall be given by the
	surviving or resulting corporation to all such holders of any
	class or series of stock of a constituent corporation that are
	entitled to appraisal rights. Such notice may, and, if given on
	or after the effective date of the merger or consolidation,
	shall, also notify such stockholders of the effective date of the
	 merger or consolidation. Any stockholder entitled to appraisal
	rights may, within 20&nbsp;days after the date of mailing of such
	 notice, demand in writing from the surviving or resulting
	corporation the appraisal of such holder&#146;s shares. Such
	demand will be sufficient if it reasonably informs the
	corporation of the identity of the stockholder and that the
	stockholder intends thereby to demand the appraisal of such
	holder&#146;s shares. If such notice did not notify stockholders
	of the effective date of the merger or consolidation, either
	(i)&nbsp;each such constituent corporation shall send a second
	notice before the effective date of the merger or consolidation
	notifying each of the holders of any class or series of stock of
	such constituent corporation that are entitled to appraisal
	rights of the effective date of the merger or consolidation or
	(ii)&nbsp;the surviving or resulting corporation shall send such
	a second notice to all such holders on or within 10&nbsp;days
	after such effective date; provided, however, that if such second
	 notice is sent more than 20&nbsp;days following the sending of
	the first notice, such second notice need only be sent to each
	stockholder who is entitled to appraisal rights and who has
	demanded appraisal of such holder&#146;s shares in accordance
	with this subsection. An affidavit of the secretary or assistant
	secretary or of the transfer agent of the corporation that is
	required to give either notice that such notice has been given
	shall, in the absence of fraud, be prima facie evidence of the
	facts stated therein. For purposes of determining the
	stockholders entitled to receive either notice, each constituent
	corporation may fix, in advance, a record date that shall be not
	more than 10&nbsp;days prior to the date the notice is given,
	provided, that if the notice is given on or after the effective
	date of the merger or consolidation, the record date shall be
	such effective date. If no record date is fixed and the notice is
	 given prior to the effective date, the record date shall be the
	close of business on the day next preceding the day on which the
	notice is given.</TD>
</TR>

</TABLE>

<P align="center">E-2

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<P><HR noshade><P>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(e)&nbsp; Within 120&nbsp;days after the effective date of the
merger or consolidation, the surviving or resulting corporation
or any stockholder who has complied with subsections&nbsp;(a) and
 (d) hereof and who is otherwise entitled to appraisal rights,
may file a petition in the Court of Chancery demanding a
determination of the value of the stock of all such stockholders.
 Notwithstanding the foregoing, at any time within 60&nbsp;days
after the effective date of the merger or consolidation, any
stockholder shall have the right to withdraw such
stockholder&#146;s demand for appraisal and to accept the terms
offered upon the merger or consolidation. Within 120&nbsp;days
after the effective date of the merger or consolidation, any
stockholder who has complied with the requirements of
subsections&nbsp;(a) and (d) hereof, upon written request, shall
be entitled to receive from the corporation surviving the merger
or resulting from the consolidation a statement setting forth the
 aggregate number of shares not voted in favor of the merger or
consolidation and with respect to which demands for appraisal
have been received and the aggregate number of holders of such
shares. Such written statement shall be mailed to the stockholder
 within 10 days after such stockholder&#146;s written request for
 such a statement is received by the surviving or resulting
corporation or within 10&nbsp;days after expiration of the period
 for delivery of demands for appraisal under subsection&nbsp;(d)
hereof, whichever is later.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(f)&nbsp; Upon the filing of any such petition by a stockholder,
service of a copy thereof shall be made upon the surviving or
resulting corporation, which shall within 20&nbsp;days after such
 service file in the office of the Register in Chancery in which
the petition was filed a duly verified list containing the names
and addresses of all stockholders who have demanded payment for
their shares and with whom agreements as to the value of their
shares have not been reached by the surviving or resulting
corporation. If the petition shall be filed by the surviving or
resulting corporation, the petition shall be accompanied by such
a duly verified list. The Register in Chancery, if so ordered by
the Court, shall give notice of the time and place fixed for the
hearing of such petition by registered or certified mail to the
surviving or resulting corporation and to the stockholders shown
on the list at the addresses therein stated. Such notice shall
also be given by 1 or more publications at least 1&nbsp;week
before the day of the hearing, in a newspaper of general
circulation published in the City of Wilmington, Delaware or such
 publication as the Court deems advisable. The forms of the
notices by mail and by publication shall be approved by the
Court, and the costs thereof shall be borne by the surviving or
resulting corporation.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(g)&nbsp; At the hearing on such petition, the Court shall
determine the stockholders who have complied with this section
and who have become entitled to appraisal rights. The Court may
require the stockholders who have demanded an appraisal for their
 shares and who hold stock represented by certificates to submit
their certificates of stock to the Register in Chancery for
notation thereon of the pendency of the appraisal proceedings;
and if any stockholder fails to comply with such direction, the
Court may dismiss the proceedings as to such stockholder.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(h)&nbsp; After determining the stockholders entitled to an
appraisal, the Court shall appraise the shares, determining their
 fair value exclusive of any element of value arising from the
accomplishment or expectation of the merger or consolidation,
together with a fair rate of interest, if any, to be paid upon
the amount determined to be the fair value. In determining such
fair value, the Court shall take into account all relevant
factors. In determining the fair rate of interest, the Court may
consider all relevant factors, including the rate of interest
which the surviving or resulting corporation would have had to
pay to borrow money during the pendency of the proceeding. Upon
application by the surviving or resulting corporation or by any
stockholder entitled to participate in the appraisal proceeding,
the Court may, in its discretion, permit discovery or other
pretrial proceedings and may proceed to trial upon the appraisal
prior to the final determination of the stockholder entitled to
an appraisal. Any stockholder whose name appears on the list
filed by the surviving or resulting corporation pursuant to
subsection (f)&nbsp;of this section and who has submitted such
stockholder&#146;s certificates of stock to the Register in
Chancery, if such is required, may participate fully in all
proceedings until it is finally determined that such stockholder
is not entitled to appraisal rights under this section.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(i)&nbsp; The Court shall direct the payment of the fair value of
 the shares, together with interest, if any, by the surviving or
resulting corporation to the stockholders entitled thereto.
Interest may be simple or compound, as the Court may direct.
Payment shall be so made to each such stockholder, in the case of
 holders of uncertificated stock forthwith, and the case of
holders of shares represented by certificates upon the surrender
to the corporation of the certificates representing such stock.
The Court&#146;s decree may be enforced as

<P align="center">E-3

<!-- PAGEBREAK -->
<P><HR noshade><P>

<DIV align="left">
other decrees in the Court of Chancery may be enforced, whether
such surviving or resulting corporation be a corporation of this
State or of any state.
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(j)&nbsp; The costs of the proceeding may be determined by the
Court and taxed upon the parties as the Court deems equitable in
the circumstances. Upon application of a stockholder, the Court
may order all or a portion of the expenses incurred by any
stockholder in connection with the appraisal proceeding,
including, without limitation, reasonable attorney&#146;s fees
and the fees and expenses of experts, to be charged pro rata
against the value of all the shares entitled to an appraisal.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(k)&nbsp; From and after the effective date of the merger or
consolidation, no stockholder who has demanded appraisal rights
as provided in subsection&nbsp;(d) of this section shall be
entitled to vote such stock for any purpose or to receive payment
 of dividends or other distributions on the stock (except
dividends or other distributions payable to stockholders of
record at a date which is prior to the effective date of the
merger or consolidation); provided, however, that if no petition
for an appraisal shall be filed within the time provided in
subsection&nbsp;(e) of this section, or if such stockholder shall
 deliver to the surviving or resulting corporation a written
withdrawal of such stockholder&#146;s demand for an appraisal and
 an acceptance of the merger or consolidation, either within
60&nbsp;days after the effective date of the merger or
consolidation as provided in subsection&nbsp;(e) of this section
or thereafter with the written approval of the corporation, then
the right of such stockholder to an appraisal shall cease.
Notwithstanding the foregoing, no appraisal proceeding in the
Court of Chancery shall be dismissed as to any stockholder
without the approval of the Court, and such approval may be
conditioned upon such terms as the Court deems just.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(l)&nbsp; The shares of the surviving or resulting corporation to
 which the shares of such objecting stockholders would have been
converted had they assented to the merger or consolidation shall
have the status of authorized and unissued shares of the
surviving or resulting corporation.

<P align="center">E-4

<!-- PAGEBREAK -->
<P><HR noshade><P>

<P align="left"><B>PROXY</B>

<P align="center"><B>SAVOIR TECHNOLOGY GROUP, INC.</B>

<DIV align="center">
<B>PROXY FOR SPECIAL MEETING OF STOCKHOLDERS</B>
</DIV>

<DIV align="center">
<B>TO BE HELD ON JUNE 29, 2000</B>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The undersigned stockholder of Savoir Technology Group, Inc.,
revoking all prior proxies, hereby appoints P. Scott Munro,
Carlton Joseph Mertens II and Terry Johnson, or each of them
acting singly, proxies, with full power of substitution, to vote
all shares of Savoir common stock and all shares of Savoir series
 A preferred stock which the undersigned is entitled to vote at
the special meeting of stockholders to be held at 44951
Industrial Boulevard, Fremont, California 94538 on June 29, 2000,
 beginning at 10 a.m., local time, and at any adjournment or
postponement of the meeting, upon the matter set forth in the
Notice of Special Meeting dated May 23, 2000, and the related
proxy statement/prospectus, copies of which have been received by
 the undersigned, and in their discretion upon any adjournment of
 the meeting or upon any other business that may properly be
brought before the meeting by the Savoir board of directors.
Attendance of the undersigned at the meeting or any adjourned
session of the meeting will not be deemed to revoke this proxy
unless the undersigned affirmatively indicates the intention of
the undersigned to vote the shares represented hereby in person
prior to the exercise of this proxy.

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<B>This proxy is solicited on behalf of the Savoir Board of
Directors. A stockholder wishing to vote in accordance with the
recommendation of the Board of Directors need only sign and date
this proxy and return it in the enclosed envelope.</B>

<P align="center">
<B>(Please fill in the appropriate boxes on the other side)</B>

<DIV align="center">
<B>
- ---------------------------------------------------------------------------
</B>
</DIV>

<DIV align="center">
<B>- Fold and Detach Here -</B>
</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="56%"></TD>
	<TD width="44%"></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<B>Please mark your</B></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<B>votes as indicated &nbsp;&nbsp;/X/</B></TD>
</TR>

<TR valign="top">
	<TD>&nbsp;</TD>
	<TD align="left">
	<B>in this example.</B></TD>
</TR>

</TABLE>

<CENTER>
<TABLE width="80%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="68%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="4%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>For</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Against</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Abstain</B></FONT></TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>&nbsp;</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	To adopt the Amended and Restated Agreement and Plan of Merger
	dated as of March&nbsp;2, 2000, among Avnet, Inc., Tactful
	Acquisition Corp., a wholly owned subsidiary of Avnet, and Savoir
	 Technology Group, Inc.</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">/&nbsp;/</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">/&nbsp;/</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">/&nbsp;/</FONT></TD>
	<TD></TD>
</TR>

<TR><TD><TR><TD><TR><TD><TR><TD>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	<B>The Shares represented by this Proxy will be voted as directed
	 or, if no direction is given with respect to the proposal set
	forth above, will be voted for such proposal.</B></FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	Please complete, date and sign this proxy and mail it in the
	enclosed envelope to assure representation of your shares. No
	postage need be affixed if mailed in the United States. <B>Please
	 sign exactly as name(s) appear(s) on the stock certificate.</B></FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<CENTER>
<TABLE width="80%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
	<TD width="72%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="2%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="3%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
</TR>

<TR>
	<TD></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>Yes</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><FONT size="2"><B>No</B></FONT></TD>
	<TD></TD>
	<TD colspan="3"></TD>
</TR>

<TR>
	<TD align="center" nowrap><FONT size="2"><B>&nbsp;</B></FONT></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD align="center" nowrap colspan="3"><HR size="1"></TD>
	<TD></TD>
	<TD colspan="3"></TD>
</TR>

<TR>
	<TD align="left" valign="top"><FONT size="2">
	I plan to attend the Meeting:</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">/&nbsp;/</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" valign="bottom" nowrap><FONT size="2">/&nbsp;/</FONT></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
</TR>

</TABLE>
</CENTER>

<DIV>&nbsp;</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
	<TD width="50%"></TD>
	<TD width="50%"></TD>
</TR>

<TR valign="top">
	<TD align="left">Signature(s)</TD>
	<TD align="right">&nbsp;&nbsp;Dated:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 2000</TD>
</TR>

</TABLE>

<P align="left">
If stockholder is a corporation, please sign full corporate name
by president or other authorized officer and, if a partnership,
please sign full partnership name by an authorized partner or
other person. If shares are held by joint tenants, both should
sign. Attorneys-in-fact, executors, administrators, trustees,
guardians or others signing in a representative capacity should
indicate the capacity in which they are signing.

<P align="left">
- ---------------------------------------------------------------------------------------------------------------------------

<P align="center">
- - FOLD AND DETACH HERE -

<P align="center">
[TELEPHONE GRAPHIC] VOTE BY TELEPHONE [TELEPHONE GRAPHIC]

<P align="center">
QUICK *** EASY *** IMMEDIATE

<P align="center">
YOUR VOTE IS IMPORTANT!&nbsp;&#151; YOU CAN VOTE IN ONE OF TWO
WAYS:

<P align="center">
1.&nbsp; TO VOTE BY PHONE: Call toll-free 1-800-840-1208 on a
touch tone

<DIV align="center">
telephone 24 hours a day-7 days a week.
</DIV>

<P align="center">
There is NO CHARGE to you for this call.&nbsp;&#151; Have your
proxy card in hand.

<P align="center">
You will be asked to enter a Control Number, which is located in
the box in the lower right hand corner of this form.

<P align="center">
Proposal 1&nbsp;&#151; To vote FOR, press&nbsp;1; AGAINST,
press&nbsp;9; ABSTAIN, press&nbsp;0.

<P align="center">
WHEN ASKED, PLEASE CONFIRM BY PRESSING 1.

<P align="center">
OR

<P align="center">
2.&nbsp; TO VOTE BY PROXY: Mark, sign and date your proxy card
and return

<DIV align="center">
promptly in the enclosed envelope.
</DIV>

<P align="center">
NOTE: If you vote by telephone, THERE IS NO NEED TO MAIL BACK
your Proxy Card.

<P align="center">
THANK YOU FOR VOTING.
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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