Feeds

Intel hit by price protection scam

Avnet suspends staff amid allegations of foul play

  • alert
  • submit to reddit

High performance access to file storage

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. ®

Top three mobile application threats

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.