Do us all a favor and return that phone tomorrow and use the proceeds to purchase a couple of rams horns (one for you the other for your friend) to chat on, and stop by the letter store for a bag of capital Gs!
Today we witness another facet of the MO gem; a bit of a safe haven when $$$ flows out of a nervous market.
Just another reason to smile!
The early reviews suggest Apple nailed it on the first pass. My few personal contacts in the payment space confirm anybody who's anybody is jumping into bed with Apple Pay; by leveraging the existing infrastructure, this has the potential to do for the issuers and processors what iTunes did for the entrenched music industry; a win for vendors, a win for consumers, and a win for Apple. Well played Tim!
"Shares of Apple (AAPL_) rose 0.64% to $101.71 in morning trading Tuesday after Susquehanna Financial Group gave a positive review of the tech giant's mobile wallet Apple Pay.
"We think Apple Pay was very well done," the group wrote in a research note. "The Apple Pay mechanism is much easier than the prior attempt by Google (GOOGL_) with Google Wallet. Apple Pay simply requires that one put their finger on the Touch ID sensor, present the phone, and that's it."
Every 1% share of U.S. credit or debit card purchases through Apple Pay will add 0.1% to the company's operating earnings, while every 1% of worldwide transactions will add 0.4%, Susquehanna reported."
Is this the Altria board?
"Sometimes it's better to remain silent and thought a fool than speak out and remove all doubt".
I wish all the opinionated do-gooders here would #$%$ and run for office already. LOL!
I was being ironic, sarcastic, even cynical. Even casual observers can see Wall Street hates NUAN.
Do you have any thoughts on my question?
All these retailers, like CVS, who've signed onto the consortium initiative, don't have much wiggle room vis a vis the contract they signed.
Too bad for them since this is really bad PR. Adding insult to injury (read: defections), the "finished" product next year will be clunky to use, invasive of privacy, and fraught with security limitations. It'll come to market DOA - which is usually the case of any product/service designed by committee.
18 months from now (if not sooner) the CurrentC initiative will occupy its rightful spot in the failed initiative Hall of Fame.
But years before that I wasn't really interested in the income portion of investing, so PM wouldn't have been on my radar. I rode the high tech train and have no complaints.
Of course they don't - other that it's the historic benchmark of a major new release. Having said that, if this new OS is truly light years ahead of 8, it would have been the perfect time to rename it completely (though history has been unkind to Mr Softy on that front). Still, it would have been less silly than skipping a number.
I'd have chosen something like, Unify V1, or GOS (global operating system). Turning the page on the Windows franchise might have made sense....assuming its not a piece of *%#@!
He won't take Carl's $203 target valuation lying down. No way! Watch him set a new price at $234.
NUAN has been on my radar for a while, and while I'm glad I never pulled the trigger on a BUY, the more it drops the more interested I become. So, here's my question to you regulars who have a deeper understanding of this business; If a buyout is unlikely what are the chances of a breakup (a la ebay, hwp) that unlocks additional value and then perhaps puts one or all of the "new" entities in play?
From what little I know about NUAN they seem to have a few discreet and distinct businesses (enterprise, medical, consumer) that may facilitate a move like this. Sorry of this rehashes any earlier discussion on this point, but I thought it may be worth asking given Wall Streets love affair w/ NUAN/Ricci and the stocks' lackluster performance, even with Uncle Carls' blessing.
Thanks for any thoughtful replies...
If you read my statement above then you know I agree with you: "CurrentC will be clunky to use, invasive of privacy, and fraught with security limitations."
And now, two days later we hear about it being hacked, and a softening on the consortium's' stance against other contactless payment methods.
I stand by my comment this initiative will launch DOA - if it launches at all.
I don't disagree and have been building a position $10. Timing is the great unknown but I'm patient. Go China!
Your adoption rate may be a tad high - at least initially and you need to move your decimal over one place (.1%) to extrapolated Apple's cut of the transaction. But still...
I don't have the hard #'s in front of me, but I seem to recall Visa records almost $1 Trillion per year in charges (just in the US). MasterCard and AmEx combined also total around $1 Trillion per year.
Add the rest of the planet + debit/ach transactions and you begin to get a sense of what Apple is looking at.
And the margins? Even higher than iPhone memory upgrades which run in the mid-90's.
Never heard of 'em but took a quick look. Microcaps are a scary lot but you seem prepared to assume the risk here. Bottom line: They compete against much bigger and better funded players, have been transitioning away from the Fed teat for what, three years? Not gaining much traction so far. In fact it looks like product sales are flat or down. Are you hoping for a buyout for their intellectual property? or do you think they'll finally get rolling in the commercial space? And if so, what are they doing that gives you confidence?
Either way, I bet you could find a more compelling story...