Markets Poised for Healthy 2014 as Biometrics Makes Strides in Technology Sector - Company Strengthens Board with Industry's Top Leaders
CORAL SPRINGS, Florida, December 18, 2013 /PRNewswire/ --
Tech leaders close out 2013 with beneficial internal moves and acquisitions: NXT-ID, Inc. (OTCQB: NXTD), Symantec Corporation (NASDAQ: SYMC), Avago Technologies Limited (NASDAQ: AVGO), Nuance Communications, Inc. (NASDAQ: NUAN) and Apple Inc. (NASDAQ: AAPL)
NXT-ID, Inc. (OTCQB:NXTD) Headline News: NXT-ID Appoints Two Former MasterCard Executives to Its Newly Formed Advisory Board And Shows First Images of the Biometrically Secure Wallet, The Wocket(TM). NXT-ID, a biometrics company focused on the growing m-commerce market, announces the appointment of two key advisory board members, Mr. Lawrence Flanagan and Mr. Ken Moy. The appointments from the card payment industry align with the company's roll-out and 2014 launch of The Wocket™, a next generation biometrically secure wallet. "We are honored and excited to have two luminaries of the card payment world on our advisory board," said Gino Pereira, CEO of NXT-ID, Inc. "Their experience is invaluable to our future prospects and growth for The Wocket™. We look forward to growing our advisory board over the next few months with equally talented and experienced individuals."
To read the full press release and get more information & specific details regarding Mr. Flanagan and Mr. Moy, please click here: http://finance.yahoo.com/news/nxt-id-appoints-two-former-130155944.html
NXT-ID, Inc. also released the first images of The Wocket(TM) on its corporate website and product website late last week. About The Wocket(TM) - The Wocket(TM) is a next generation designed to replace all the cards in your wallet without draining your cell phone's battery; no smart phone required. The Wocket works anywhere credit cards are accepted and only works with your biometric stamp of approval. http://thewocket.com/
Symantec Corporation (NASDAQ: SYMC) has announced the recipients of the 2013 Symantec Research Labs Graduate Fellowship -- Kai Ren, a Ph.D. candidate in computer science at Carnegie Mellon University, and Christian Rossow, a postdoctoral researcher at Vrije Universiteit Amsterdam in The Netherlands and Ruhr University Bochum in Germany. Symantec Research Labs is the Company's global research division and has developed and helped commercialize numerous next-generation technologies ranging from Symantec's first antispam technology, to the technology used to help protect our nation's critical power-grid infrastructure. The Symantec Research Labs Graduate Fellowship supports graduate students who are conducting innovative research that has real-world value, in the areas of information security and storage systems.
Avago Technologies Limited (NASDAQ: AVGO) and LSI Corporation (NASDAQ: LSI) recently announced that they have entered into a definitive agreement under which Avago will acquire LSI for $11.15 per share in an all-cash transaction valued at $6.6 billion. The acquisition creates a highly diversified semiconductor market leader with approximately $5 billion in annual revenues by adding enterprise storage to Avago's existing wired infrastructure, wireless and industrial businesses. The combined company will be strongly positioned to capitalize on the growing opportunities created by the rapid increases in data center IP and mobile data traffic. "This highly complementary and compelling acquisition positions Avago as a leader in the enterprise storage market and expands our offerings and capabilities in wired infrastructure, particularly system-level expertise," stated Hock Tan, President and Chief Executive Officer of Avago. "This combination will increase the Company's scale and diversify our revenue and customer base. In addition to these powerful strategic benefits, as we integrate LSI onto the Avago platform, we expect to drive LSI's operating margins toward Avago's current levels, creating significant additional value for stockholders."
Nuance Communications, Inc. (NASDAQ: NUAN) has announced that Jetstar has launched a new virtual assistant called "Ask Jess" which is based on Nuance Nina Web, an intelligent virtual assistant that delivers a human-like, conversational customer service experience. Customers simply type to Jess, and Jess provides the answers. Jetstar is the first airline to deploy Nuance Nina Web virtual assistant for customer service. The new Ask Jess virtual assistant draws on Nuance Nina, an intelligent virtual assistant that leverages innovative natural language understanding technology and delivers a conversational interface to web visitors which simulates human conversation. Nuance's Natural Language Understanding (NLU) technology allows applications like Ask Jess to understand a customer's intent through an interactive, text-based chat experience. By understanding what customers want, Ask Jess makes getting information on booking, baggage and seating easier than navigating pages on a Web site. Jetstar's Ask Jess virtual assistant is also fully integrated with the company's existing live chat service, delivering a seamless handover to human support when required.
Apple Inc. (NASDAQ: AAPL) has recently acquired patent number 8,610, 726B2 for its new technology of a built-in project for a computer. Jack Purcher states this invention could create a new category of computers, as it erases the need for a display inside the actual device itself. This computer could project information on virtually any blank surface and would also carry the benefit of having no external wires besides that of a power cord. AAPL closed down .45% on Tuesday afternoon on over 6.7 million shares traded.
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