Simon Inch, Mayor of Bideford, said the news about TE Connectivity, formally known as Tyco Electronics was a "severe blow".

BBC: Job fears by Bideford mayor after TE Connectivity closes

He has served on the boards of Hindalco in India, Emaar, Austin Industries, Tyco Electronics, and Fischer and Porter.

FORBES: Ram Charan: The Great Economic Power Shift

Mohan also cut target prices (but not ratings) on the connector companies Amphenol, Tyco Electronics, Kemet and Molex.

FORBES: On Weak Economy, Merrill Wary On Contract Manufacturers

He reduces his forecasts and stock targets for 14 companies, including not only Arrow, but also Avnet, Ingram Micro, Tech Data, Synnex, Molex, Amphenol, Sensata, Tyco Electronics, Jabil, Flextronics, Sanmina and Motorola Solutions.

FORBES: Goldman Now Wary On Tech Supply Chain; Downgrades Arrow

Before the end of June, Tyco will spin off the electronics and health care divisions, which will become independent, publicly traded companies.

FORBES: Tyco Triple Play

All of the companies that appear on the list are from Europe, the United Kingdom, Japan or Canada, with the exception of Bermuda-based Tyco International and South Korea's Samsung and LG Electronics.

FORBES: Magazine Article

One of America's most admired CEOs, he used hundreds of acquisitions to build Tyco into a sprawling empire that makes ADT burglar alarms and garbage bags, medical equipment and electronics.

FORBES: Faces Of The Week: Sept. 23 - 27, 2002