Feeds

Intel hit by price protection scam

Avnet suspends staff amid allegations of foul play

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

Intel has said it expects to receive an explanation from components distributor Avnet, following allegations that three of its sales staff were suspended for making bogus price protection claims. The chip giant said it expects a report from Avnet by tomorrow outlining what has happened and explaining what remedies Avnet plans to put in place. The employees at Avnet's PCC components division in Stevenage allegedly broke seals on Intel processor packages and replaced Intel chips with grey product, according to this week's PC Dealer. It was believed the staff then went on to apply for price protection from Intel for the chips, but were caught out when the vendor conducted an investigation. A former Avnet employee was also believed to be involved. An Intel representative told The Register: "Avnet will send us a report today or tomorrow on what has happened and what they are planning to do about it." Avnet UK refused to comment. Didier Gerfaud, Avnet's European communications director, admitted: "I'm aware of some rumours, but the response is still the same... No comment." Avnet, a US semiconductor and components distributor, has three divisions in the UK -- Avnet Access, semiconductors; Avnet Time, passive and interconnect; and Avnet PCC, PC components. It started the UK operation in 1991 after acquiring the Access Group Ltd, a semiconductor distributor based in Letchworth. Last year's worldwide sales for the group stood at $5.92 billion. ®

Boost IT visibility and business value

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.