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3M Company (MMM)

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Company: 3M Company (MMM)
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84%
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38 votes

edit 3M has stepped up its acquisitions of smaller international companies

Created when NYSE:MMM was $86.43 | Edit | History

3M has recently stepped up its acquisitions of smaller international companies. This increased investment will keep the company growing despite some struggles with its domestic market

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83%
agree
6 votes

edit 3M wins settlement on Illinois Tool Works lawsuit

Top Contributor: Peter Maa | Created when NYSE:MMM was $64.83 | Edit | History

3M settled with Illinois Tool Works on a lawsuit filed by 3M in 2006 regarding its patents for paint preparation system products. Illinois Tool Works (ITW) agreed to recognize 3M's patents and license them.

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83%
agree
6 votes

edit 3M's international market will help the company continue to grow

Created when NYSE:MMM was $86.43 | Edit | History

3M's increasing international market will help the company continue to grow despite a slowing domestic market.

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100%
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1 votes

edit 3M is moving to become a high-tech company

Top Contributor: Peter Maa | Created when NYSE:MMM was $47.91 | Edit | History

Traditionally conceived as a simple office supply company, 3M is transforming its image to become a more high-tech company, which should drive revenues and expansion in coming years. In March 2009, the company announced it would be the exclusive distributor of fiber optic products for Clearfield, Inc. in Canada. In addition, the company is developing a material to make lithium-ion batteries to power cell phones and laptop computers. In the fall of 2008, 3M released a hand-held mobile projection device, which can project presentations, videos, graphs, and charts on-the-go.

3M CEO George Buckley, a scientist in background, has put more money into R&D. 3M spent $1.4 billion on research and development in 2008. The company's previous CEO, James McNerney, was known more for driving raw profit numbers.

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40%
agree
5 votes

edit The market for LCD technology is increasing

Created when NYSE:MMM was $86.43 | Edit | History

The market for LCD technology is increasing, which will further bolster 3M’s profits

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