Home Depot (HD) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Home Depot (HD)

HD 379.59

0.0%

Oct 31 9:30 AM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bald Eagle who wrote (1121)	12/8/2002 12:57:45 AM
From: Toby Zidle	Read Replies (1) of 1169

Who is supplier of customer self-serve checkout stations to HD? There seem to be conflicting press releases. You quoted a release re Optimal Robotics (OPMR). Yet other releases give HD's contract to NCR. "We have the largest backlog of orders so far, 2003 is set to be our best year," said Mike Webster, who heads the self-checkout department at NCR Corp. (NYSE:NCR - News). The company said sales have bounced back from being down slightly after 2001's record year. It recently won a contract worth several million dollars from Home Depot. Later on in the article... The lackluster corporate spending environment has hurt Canadian company Optimal Robotics Corp. (NasdaqNM:OPMR - News), which initiated the self-checkout markets in the mid 1990s. Its sales dwindled and stock price slumped 80 percent this year. Optimal Robotics blamed a general reluctance for food retailers to spend on technology, though some analysts say Optimal's woes may primarily be a result of stiffer competition. The bulk of Optimal's business still comes from food retailers whose margins are razor-thin, while its competitors have more diversified customers. biz.yahoo.com Similar news in a December 2 release: Home Depot plans to add NCR Corp.(NYSE:NCR - News) self-service check-out stations at hundreds of its busiest stores, and is investing in new computers and software to help cashiers at its other check-out stations move customers through faster. biz.yahoo.com The HD shareholder probably doesn't care who provides the check-out stations. However, anyone who read the PR release you quoted and entertained an idea of investing in OPMR (and that included me) needs to take another long look at the situation and find out exactly what OPMR is being contracted for. My thought is possibly some of the components for the NCR station, considerably less lucrative than a supplying the full works.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next