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3M Buys Biometric Recognition System Company

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YOU'RE BEING WATCHED!
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They may call me crazy. I don’t care. They’ll say, “He’s mad!” Maybe so. But don’t say I didn’t warn you…

The New York Times reports:

The 3M Company (MMM) agreed to buy Cogent (COGT), a manufacturer of fingerprint identification systems for governments and companies, for $943 million to expand its security services products.

Cogent makes fingerprint and palm print identification systems that allow customers to electronically capture print images, encode prints into files and compare a set of fingerprints and palm prints to a database containing potentially millions of prints.

I know what you’re thinking: so what?

Well, don’t you see?! Fingerprint recognition? 3M! Maker of the Post-it Note!

Obviously, for the last 50 years, 3M has been slowly rolling out what can only be described as a complex identification apparatus in an effort to create a global database of every single disorganized office worker, soccer mom, and middle management IT guy.

What are they going to do with this information?

I have no idea…but it will almost certainly be evil.
POSITION:  No positions in stocks mentioned.
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