electronic signature legally valid now. newswire mentions cici out with new product, and as a provider of electronic signature technology. cnbc mentioned vrsn, entu, valicert, rsas as companies impacted by legal signature news- a lot of net security companies. They may bundle some kind of electronic signature verification- do they capture signatures? Does cici have deals with any of these companies? Where fraud is possible, people may shy away from electronic signatures. The biggest market may be situations where fraud is unlikely; where the signature is only a necessary formality. Situations where security is not an issue might match up well with cici's product. Or does a lack of security make for a chink (one of the..) in cici's armor? Anyway the importance of this type of product is hard for the street to miss at this point.
You wrote (sorry I do not know how to do the fancy italics thing)"Situations where security is not an issue mightmatch up well with cici's product. Or does a lack of security make for a chink(one of the..) in cici's armor?"One of the advantages to CIC's software (from what I have read and remember) is that IT IS secure. It not only compares the signature itself but the biometrics involved in writing it (pressure, speed, etc...). Seems to me this is a lot more secure than a numeric signature.
Oops - thanks for the correction that cici has biometric security. I confess to being a lightweight. I wish I could talk with someone from verisign or palm or... to see what they think of cici. Also I have never actually used the cici product or others like it. What is infometric versus biometric? Is infometric comparing a stored pattern versus the freshly input signature, looking for a visual resemblance? What is the Penops method versus Cici's? What services does someone like VRSN provide versus Cici? They hook into a website, whereas Cici's product is more device oriented? They check a password (is that what a numeric signature is, or is it an algorythm for xlating the form of a sig into numbers?), versus capturing/ evaluating a signature? Why not a tiny heat pad that would read a fingerprint? Some people have pretty eccentric signatures (mine resembles itself in some respects from one iteration to the next but.. i definitely stop and start at different spots and don't always apply pressure at the same points. You would have to have some way to flex around variations in penmanship) As far as the movement of the stock price, I'm not too concerned as this is play money for me, but i hope they don't fall below the dangerous 2. What will bring the stock to life, if legalizing electronic sig and a lot of publicity hasn't? When tech as a whole rebounds, it will be easier to see if experts whoever these beings may be see potential. They seem to have software that's good enough to bring in contracts. Are they keeping them? The bio-recog can't just work most of the time, it has to work all the time- quite an achievment. I mean someone's signature product is definitely going to save people money; it's definitely a new and better way to sign certain agreements, and paperwork. That much is worth a small speculation. Possibly larger companies have been playing off small companies like Penops and Cici- so that the acquired assets of Penops will give Cici some leverage to bump up licensing fees? (Just one profitable quarter!) On the other hand, small companies can wipe themselves out on one misguided acquisition (see HLIT before and after the DIVICOM acquisition. The Divicomians seem to have left to create better formulas elsewhere. HLIT strategists must have reasoned that winter is coming, the optimal season for the invaision of Russia....). Any information from the real world muchly appreciated.
mdudley, Hopefully you are not licking your wounds with HLIT also. Uncanny that you would mention them here on the cici board.I invested in cici as a pure speculative play as well. Figured I would let them run with my play money for a while and see where it goes.Now if you also own IOM I will.....oh well, if you don't and are looking for another playground come visit us on www.iomchat.com. Nice place to be without all the clutter on the TMF IOM board
Bahia Honda : Yes, i bought Hlit at 40, after the first warning. I doubled up when it went to 20. It went back up to 30 and I sold half my holdings, but kept the second rueful half. I sold the second half today. I think it might have a little rebound left, but i became convinced that the merger problems are too much of an obstacle..they're turning into some kind of Atlas of debt. Other stocks are getting their market caps miniaturized but without a known problem, so it's a good time to switch horses. Still I feel nostolgia for what a beautiful balance sheet HLIT had and a good looking business. It's a shame that so much effort and intelligence... I missed the iomega opportunity, but i sense there are other opportunities in this vein. Thanks for your iomega chatroom invitation. I have been to little torch key 3 times- stayed at Palmers; I kayaked to the tiny island off BahaiHonda, a wonderful place, also reef snorkelling with 30 german tourists; the easygoing people, big pine winn dixie conveniences, ability to check out key west without being swallowed by interminable zaniness; the luminous exposed skies; the boom and bust just barely history of the place; the craziness of building our way way out there, at all. (and a great place to meditate on stock losses- what could be better?).
CIC's core software technologies include multilingual handwriting recognition systems, dynamic signature verification, ink compression, and operating system extensions that enable pen input. CIC has a joint venture, CICC, in Nanjing, China. This should be big in China from what I hear. With such an extensive character based written language it would be impossible to create a keyboard, yet an input pad that recognized the written symbols would be great.CIC's products are designed to increase the ease of use, functionality, and security of mobile electronic devices ranging from handheld companions to cellular phones. I don't see CIC's signature verification being used like Verisign's. VRSN can issue an e-signature to allow secure transactions. CIC's software requires an input device (like the increasingly more popular PDAs and PDA/phone combos that will soon be coming out) to input, read, and verify the signature. Imagine the ease of making a wireless purchase using your PALM and simply having to sign the bottom in order to confirm the buy! I think this is far more likely than using fingerprints, retina scans, or facial recognition devices. It can be used in hospitals to allow doctors to write reports/prescriptions that are instantly entered into a data base/pharmacy and the doctors signature can be verified providing instant authentication. The same with insurance reports which can be done on an input pad in the field and transmitted over a wireless network and instantly issue a check.Key licensees of CIC's technologies include Ericsson, Fujitsu, Hitachi, Microsoft, Mitsubishi, National Semiconductor, and Nortel. Sounds like a good crowd to be involved with. I seem to remember reading that Schwab was also using the software.Just some info from the company website and my interpretation. I am no expert but this sounds like a good technology with the possibility for strong consumer appeal.Good trading,Kyle
Kyle : Thanks for sharing your research. The doctor's prescription and insurance claim processing examples are excellent; and the potential for circumventing problematics of a chinese language keyboard by capturing the sign itself clarifies how valuable the chinese side of the company can be. I was imagining a corporate executive getting a third world businessman's signature without a dreaded trip into some revolutionary jungle. The company is focussed right at an important technological pivot point, so that however the stock price pans out, it's worth the price of admission as a great story; Thanks again.Miles
MDUDLEY69,SSSHHHH! You know what Don, Joe and crew had to say: "call someplace paradise, kiss it good-bye". Seriously, when I go to Bahiahonda, I contemplate the fine stocks that brought me there and, more importantly, those that will keep me there. Alas, CICI is not in any rush to be one of those stocks. Perhaps earnings will give us a lil' pop in the right direction.Concerning Iomega; You have only missed the first two chapters. Chapters three and four are usually where the plot starts to come together, the one where the reader's interest is really piqued. Chapter three only started a few months ago so plenty of time to catch up. DD advised, of course.Best of Luck!C'Mon CICI!BH
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