Business Law-Legal Advise - Essay Example

KED Resale offers ceramic capacitors, frequency control devices, SAW devices, RF modules, and other products manufactured by Kyocera Electronics Corporation. The Connectors segment provides ELCO automotive and telecommunication and memory connectors. AVX is a subsidiary of Kyocera Electronics Corporation where the latter owns 71% of the Company. The Companys top competitors include KEMET Corporation, Murata Manufacturing and Vishay Intertechnology Inc. In 2008, AVX acquired ATC for $230 million in cash.

The acquisition is a major move for AVX to enhance the Companys advanced products segment. In addition, it will allow AVQ to venture into other markets including the development of High Reliability Products and High Frequency Products. Aside from this transaction, AVX has been eyeing other companies with potential of expanding the current offerings (Wyatt Investment Research, 2008). Moreover, the Company has been active in developing new products for various customers. AVX have introduced several high technology products.

The Company has also been involved in developing solutions for energy exploration through a partnership with the U.S. Department of Energy. In particular, AVX developed a hybrid automobile engine to further enhance the governments oil exploration output (2008 Annual Report). One of the major initiatives of AVX in 2009 is the development of products that promote alternative or green energy. The Company expects that investing in the burgeoning market will provide an average of 20% growth annually.

The targets of AVX are automobile manufacturers that have started developing hybrid cars and other vehicles. AVX have been innovating circuits, capacitors and connectors for such purpose (2009 Annual Report). In 2009, AVX announced that all offices will be moved from Myrtle Beach to Greenville which is both in