Diversified technology conglomerate
) recently announced the launch of a new website,
3McablesDirect.com, to facilitate easier and faster purchase of
3M cable assemblies for computing systems, networks and data
centers. The website allows users to purchase cable directly from
3M without engaging any intermediaries and irrespective of the
3M CO (MMM): Free Stock Analysis Report
TYCO INTL LTD (TYC): Free Stock Analysis
To read this article on Zacks.com click here.
In order to entice the customers, 3M has also offered an
introductory discount of 20% for all orders made through the
website till Jan end. Other promotional offers include same-day
shipping facilities and free two-day shipping on select items for
Amazon Prime members.
The website offers a several high-performance fiber and copper
cable assemblies for sale to match a wide variety of interconnect
protocols such as SAS, MiniSAS, SATA, PCIexpress, SFP+ and QSFP+.
The online purchase is an extension of 3M Electronic Solutions
Division's Interconnect business and is likely to benefit the
company in the long run.
Formerly known as Minnesota Mining and Manufacturing Company, 3M
was founded in 1902 and is currently based in St. Paul,
Minnesota. The company operates as a diversified technology
enterprise with manufacturing operations across 60 countries. It
has more than 35 business units organized into six segments:
Consumer and Office; Display and Graphics; Electro and
Communications; Healthcare; Industrial and Transportation; and
Safety, Security and Protection Services.
Leveraging its long-term strategy of accelerating investments in
high-growth programs, 3M strives to deliver sustainable increases
in sales, earnings and free cash flow. The company's ability to
convert high R&D spends into up cycle market share gains,
pricing power, and margin determines its success over the years.
3M currently has a Zacks Rank #3 (Hold). We have a long-term
Neutral recommendation on the stock. We also have a Neutral
recommendation and a Zacks Rank #1 (Strong Buy) for
Tyco International Ltd.
), one of the peers of 3M.