Arrow Electronics reported fourth quarter 2008 net income of $43.2 million on sales of $4.09 billion, compared with net income of $114.0 million on sales of $4.42 billion in the fourth quarter of 2007. Sales decreased 7 percent year over year. Arrow’s net income for 2008 was $301.4 million on sales of $16.76 billion, compared with net income of $407.8 million on sales of $15.98 billion in 2007. Sales in 2008 increased 5 percent year over year.