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Recently announced, Arrow Electronics ( ARW - Analyst Report ) 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 - Analyst Report ) extended its distribution agreement with EMC Corporation ( EMC - Analyst Report ) for its Electronic Marketing Americas segment. Other formidable competitors which keep the company forever wary are Wesco International Inc. ( WCC - Analyst Report ) and Anixter International Inc. ( AXE - Snapshot Report ) .
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’.
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