Recently announced,
Arrow Electronics
(
ARW
) signed a distribution contract with ILS Technology. This
agreement will add the latter company's deviceWISE M2M Application
Platform and deviceWISE M2M Deployment Kit to Arrow's product
database.
Arrow has remained consistently progressive with regard to
enhancing its existing offerings with Machine-to-Machine (M2M)
solutions. By adding these ILS Technology solutions to its line
card offerings in the Americas, Arrow will make the programming
aspects for its customers exceedingly user-friendly and would also
ameliorate its security measures considerably.
Management was understandably appeased and exuberant regarding
its decision to conflate with Park-Ohio company, ILS Technology as
this venture would allow Arrow to integrate its market database
with M2M applications smoothly. This would also enhance the overall
M2M experience of its customers.
Not long ago, Arrow launched its Digital Communication Solutions
program to ameliorate end-to-end market solutions internationally
for digital signage, kiosks and other related platform
applications. Technological advancement has been of primary
importance to the company which is lucid from its recent trend of
events.
The company currently is quite perspicacious about its outlook
for 2012. For the first quarter, it has targeted consolidated sales
of a whopping $4.67 billion - $5.07 billion, which is rather
ambitious.
Distribution proliferation tactics does not pertain to Arrow
alone. Recently,
Avnet, Inc.
(
AVT
) extended its distribution agreement with
EMC Corporation
(
EMC
) for its Electronic Marketing Americas segment. Other formidable
competitors which keep the company forever wary are
Wesco International Inc.
(
WCC
) and
Anixter International Inc.
(
AXE
).
We currently have a Neutral recommendation on the company's
stock. Our view is supported with a Zacks #3 Rank which translates
into a short-term rating of 'Hold'.
ARROW ELECTRONI (
ARW
): Free Stock Analysis Report
AVNET (
AVT
): Free Stock Analysis Report
ANIXTER INTL (
AXE
): Free Stock Analysis Report
EMC CORP -MASS (
EMC
): Free Stock Analysis Report
WESCO INTL INC (
WCC
): Free Stock Analysis Report
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