steve, there was more information that followed up on the Mytec announcement. You can find it reposted on the Mytec thread, but the essence of it is this:
Smith & Wesson is going to apply for a $3M federal grant to develop the technology Mytec announced, and aim for having something on the market in 2002.
Clearly, they aren't ready for prime time. Reading between the lines of the earlier release, I conclude that Infineon grabbed this Smith & Wesson deal and, at the time it was made, they were only working with Mytec. Since nothing has apparently been done to either miniaturize or toughen the actual reader, I'm assuming that Mytec to date has only integrated its core biometrics into the Infineon chip. That might be worth a pop in Mytec stock if only they weren't competing directly with a much bigger and better positioned IDX as the Infineon software provider . . . and if Infineon itself showed a lot of promise as a hardware maker. But, of course, they are a silicon vendor. Among other problems, brittle silicon would seem to be a lousy choice of material for a gun application.
In any case, Mytec is up about seven-fold, apparently overshooting reality on this not very meaningful news.
PS: Brad, guilty as charged. That's exactly the kind of analysis you are taught as a lawyer -- break everything down to atomic levels of reasoning, both to clarify what you are talking about and to help argue and decide with the greatest possible amount of precision. Two married lawyers arguing . . . I don't even want to think about it. But in some ways, it's worse with one lawyer and one non-lawyer arguing. |
