MI has good news today, and if tagged an internet company could really move. The only bad thing is that they actually have sales, profits and book value over $25 bucks a share.
Monday May 3, 9:30 am Eastern Time
Company Press Release
Marshall Industries Announces New
Internet Business
SpotMarket.com Expands E-Commerce Solutions
EL MONTE, Calif.--(BUSINESS WIRE)--May 3, 1999--Marshall Industries (NYSE:MI - news),
recognized as a leader in e-commerce solutions in the electronic components distribution business, is
introducing a new online enterprise called SpotMarket.com(TM).
SpotMarket.com will provide three major services to the purchasers of electronic components,
computer products and production tools and equipment over a secure Web site.
These services include an online auction function that allows customers to negotiate for products
(Auction); a discount center for the sale of aggressively priced surplus products (Blowout); and a
buyer-specified part and/or price locator capability (Spot It). Marshall is the first among its peers in
the industrial electronics distribution industry to offer its customers these services.
''SpotMarket.com is designed to provide the purchasing community with a variety of buyer-driven
e-commerce activities. Those customers requiring SpotMarket.com services will find it to be an
easy-to-use source for a wide range of products supported by manned 24-hour service,'' stated
Robert Rodin, chief executive officer and president of Marshall Industries.
SpotMarket.com was developed by the Internet group responsible for the implementation of
Marshall's core site, www.marshall.com. Advertising Age's NetMarketing has named Marshall's
Web site the No. 1 Business-to-Business Web site for the last two years.
Business 2.0 100 (Business 2.0, May 1999) has ranked Marshall the No. 1 Most Comprehensive
business-to-business site, as well as included it among its Top Ten ''best and brightest e-commerce
companies.''
About Marshall
Marshall Industries is one of the largest publicly held industrial distributors of electronic components
and production supplies. Marshall connects its customers and suppliers to comprehensive coverage
in the major electronic manufacturing areas of the United States, Canada and Mexico.
Its network of branch locations delivers sales and technical support to OEMs and end users -- all
linked to their 24 hours-a-day, 7 days-a-week manned technical service center. Marshall's Web sites
provide customers with full Internet access -- from data sheets to online NetSeminars(TM) and
real-time ordering.
All warehousing and value-added service operations meet quality standards required for ISO 9002
certification.
Along with its alliance partners, Marshall Industries and its subsidiaries provide coverage in 36
countries from 164 locations. They are connected to a state-of-the-art computer system providing
global access to their business partners around the world.
With headquarters in El Monte, the company's stock is listed on the New York Stock Exchange
(symbol:MI). Marshall Industries may be found on the Internet at marshall.com or
www.electronicdesign.com.
Monday May 3, 9:30 am Eastern Time
Company Press Release
Marshall Industries Announces
Distribution Agreement With Lucent
Technologies Power Group
EL MONTE, Calif.--(BUSINESS WIRE)--May 3,
1999--Marshall Industries (NYSE:MI - news) has announced the signing of a distribution agreement
with Lucent Technologies Power Group (NYSE:LU - news) for power conversion products.
Marshall's agreement with Lucent covers the United States, Canada and Mexico.
''The addition of Marshall brings a highly sophisticated approach to selling and marketing our
products, backed by their 24-hour/7-days-a-week technical support,'' said Frank Cavallaro, national
sales director for Lucent Technologies Power Group.
''Marshall's market knowledge and existing technical infrastructure in areas such as power
conversion products will allow us to improve the availability of our standard products and service to
customers that we sell to indirectly,'' Cavallaro added.
Robert Rodin, chief executive officer and president of Marshall Industries, commented: ''The support
of Lucent's Bell Labs' research and development will provide Marshall customers with world-class
power products. Their versatile line of power conversion products offers the engineering community
high-performance devices. We are pleased to partner with the No. 1 telecom power manufacturer in
the world.''
About Marshall
Marshall Industries is one of the largest publicly held industrial distributors of electronic components
and production supplies. Marshall connects its customers and suppliers to comprehensive coverage
in the major electronic manufacturing areas of the United States, Canada and Mexico.
Its network of branch locations delivers sales and technical support to OEMs and end users -- all
linked to their 24 hours-a-day, 7 days-a-week manned technical service center. Marshall's Web sites
provide customers with full Internet access -- from data sheets to online NetSeminars(TM) and
real-time ordering.
All warehousing and value-added service operations meet quality standards required for ISO 9002
certification.
Along with its alliance partners, Marshall Industries and its subsidiaries provide coverage in 36
countries from 164 locations. They are connected to a state-of-the-art computer system providing
global access to their business partners around the world.
With headquarters in El Monte, the company's stock is listed on the New York Stock Exchange
(symbol:MI). Marshall Industries may be found on the Internet at marshall.com or
www.electronicdesign.com.
About Lucent
Lucent Technologies Inc. designs, builds and delivers a wide range of public and private networks,
communications systems and software, data networking systems, business telephone systems,
microelectronics components and power conversion products.
Bell Labs is the research and development arm for the company. For more information on Lucent
Technologies, with headquarters in Murray Hill, N.J., visit its Web site at lucent.com.
Lucent's Power Group is the No. 1 supplier of power systems for the telecommunication market and
the largest manufacturer of power supplies and systems in the world. Lucent is the only U.S.
manufacturer to win the prestigious Deming Prize for the quality of its power systems.
Building on Bell Labs' expertise, its dc-dc board-mounted power modules, Titania Series
non-isolated point of load dc-dc converter, distributed power architectures, custom ac-dc and dc-dc
products, and energy systems, which include battery plants and cabinet power systems, can help
empower a company's global networks.
The broad scope of products and technical support enables Lucent to provide complete power
solutions for either end of the network, and any part in between. Additional information is available
from its Web site at lucent.com.
Contact:
Marshall Industries, El Monte
Robert Rodin, 626/307-6004
robrodin@marshall.com
or
Lucent Technologies, Dallas
Frank Cavallaro, 972/284-2482
fcavallaro@lucent.com
Kevin Stewart, 214/503-1365
More Quotes
and News:
Lucent Technologies Inc (NYSE:LU - news)
Marshall Industries Inc (NYSE:MI - news)
Related News Categories: computers, networking, telecom |
