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Technology Stocks : Identix (IDNX)

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To: brad greene who wrote (15201)10/18/1999 1:30:00 PM
From: David  Read Replies (1) of 26039
 
Brad, a simple PR mentioning VRSN won't be enough. Case in point: CICI. Here's part of a PR from April 21, 1999:

"HEADLINE: CIC Partners With VeriSign to Join Biometric Signatures with Digital Signatures

DATELINE: REDWOOD SHORES, Calif.

BODY:
April 21, 1999--

"--Adobe Acrobat Forms can now be signed naturally with a "handwritten" signature to unleash the security of a digital signature--

"Communication Intelligence Corporation ("CIC") (Nasdaq:CICI), the leading supplier of pen-based software solutions, today announced that it is partnering with VeriSign, Inc, (Nasdaq:VRSN) the world's leading provider of Internet trust services, to deliver an innovative solution to sign electronic forms and conduct electronic transactions with Adobe Acrobat 4.0. Using CIC's patented signature verification technology, Sign-it(TM) Secure will verify a user's handwritten signature and release a VeriSign Private Key. This will make the document tamper-proof and allow recipients of the document to authenticate the identity of the document's author. 'This is the best of both worlds,' said Michael Marubio, Director of Strategic Accounts for CIC."

===============

Granted, CICI is not in IDX's league. However, its stock dropped for the next five trading days, down 25% in that period. If you pull up the chart, you'll see it continues downward more than 50% before stabilizing at its present low price.

CICI's idea is the same as the general one IDX would use: We will be the biometric digital signature on the VRSN digital certificate. If it's an IDX PR, the similarity is even greater.

We need to see a PR that indicates sales and profits, not just compatibility. Not a PR like the recent DP/IBM deal, another 'compatibility' announcement. They really don't count for anything. Just ask NRID stockholders.
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