Exhibit 99.1

Arrow Electronics Announces Equity Offering


MELVILLE, NEW YORK, February 17, 2004 -- Arrow Electronics, Inc. (NYSE:ARW)
today announced that it plans to issue 12 million shares of common stock in an
underwritten public offering, with up to an additional 1.8 million shares of
common stock subject to a customary over-allotment option exercisable by the
underwriters. Joint book runners of the offering are Morgan Stanley & Co. and
Credit Suisse First Boston. Goldman, Sachs & Co. is acting as joint lead
manager. A copy of the preliminary prospectus supplement and prospectus may be
obtained from Morgan Stanley, 1585 Broadway, New York, New York 10036,
Attention: Prospectus Department or from Credit Suisse First Boston LLC,
Prospectus Department, One Madison Avenue, New York, New York 10010-3629,
telephone number 212-325-2580.

The shares will be issued pursuant to a shelf registration statement that was
previously filed with the Securities and Exchange Commission and declared
effective. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the shares. The preliminary prospectus
supplement or prospectus shall not constitute an offer to sell or the
solicitation of an offer to buy the shares nor shall there be any sale of these
shares in any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of any
such jurisdiction.

Arrow Electronics is one of the world's largest providers of products, services
and solutions to the electronic components and computer products industry.
Headquartered in Melville, New York, Arrow serves as a supply channel partner
for more than 600 suppliers and 150,000 original equipment manufacturers,
contract manufacturers and value-added resellers through 200 sales facilities
and 18 distribution centers in 41 countries and territories.

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Contact: Eileen M. O'Connor
         Vice President, Investor Relations
         631-847-5740