Premium diversified electronics company TE Connectivity Ltd.TEL recently announced its intention to act as a sponsor for the Sports and Entertainment Alliance for Technology ('SEAT') Conference. The company aims to exhibit its non-imitable range of solutions and service expertise for the globally recognized sports and entertainment executives who will attend the conference.
The news, however, failed to cheer investors. The company's share price fell 1% after the declaration on Jul 16, 2015. However, we believe the above-mentioned sponsorship deal would help augment the company's revenues in the quarters ahead.
The 2015 SEAT Conference would take place from Jul 19 to Jul 22 at the Westin St. Francis hotel in San Francisco, CA. Held every year, this event brings together various globally recognized executives associated with entertainment venues such as stadiums, hotels, arenas, universities and casinos, as well as sports. In the SEAT Conference booth, the company's engineers would illustrate its distributed antenna systems (''DAS''), and data & fiber center networking solutions.
TE Connectivity manufactures and designs products that connect and protect the flow of power and data inside millions of products used by consumers and industries. The company partners with organizations which cater to a broad array of industries ranging from consumer electronics, energy, and healthcare to automotive, aerospace and communication networks. The sponsorship deal of SEAT Conference would serve to improve the company's brand status as a premium provider of data center innovations, and wireless & networking solutions in the market.
Stocks to Consider
TE Connectivity currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Fabrinet FN , Nidec Corporation NJ and RadiSys Corporation RSYS . All three stocks carry a Zacks Rank #2 (Buy).
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