*ot*
Does "pulled from bankrupcy" mean ... ?
I don't know detailed info, but this is what I found for you.
... Mucci said CIC initially tried to sell the signature technology as hardware. Eventually the company gravitated toward chapter 11 bankruptcy in 1994 before Sassower pulled CIC back into the black by shifting its focus to software.
later,
InSook
......
CIC, which rose 7.6% today to 9 3/16, on a volume of 13.4 million shares, and was trading at 7/8 in November, lists Microsoft (NASDAQ: MSFT), Compaq (NYSE: CPQ) and Ericsson as some of the firms who have licensed its software.
Mucci said CIC initially tried to sell the signature technology as hardware. Eventually the company gravitated toward chapter 11 bankruptcy in 1994 before Sassower pulled CIC back into the black by shifting its focus to software.
Now palm organizers, handheld PCs, desktops using Windows and smart phones can install the signature and text conversion technology.
"We are, I think, becoming the de facto standard with technology manufacturers because we have a wide range of capabilities," Sassower said this morning in an interview with smallcapcenter.com, before the company said it had imposed a restraint on him. "There is no one that I know of that has the breadth of all of these pen technologies that we have."
Sassower said CIC?s main software advances have to do with security and ease of use.
He explained CIC?s patented "signature capture" for transactions on the Internet (five states including California consider Web-based signatures binding) incorporates not only the physical geometry of the signature for verification, but also the movements behind the signature.
"If you write your name, we record the image but we also record the dynamics you created by writing the image; in other words, the stroke sequence and the acceleration and all the things you do by muscle memory," he said in the interview. "As a result we end up with a higher lock on the door than even a manual signature."
Sassower said the core of the technology, which was initially developed at the Stanford Research Institute, is being driven by small handheld mobile devices like smart phones that are capable of two-way interaction via the Internet.
However, he said, a challenge to the smart phone?s viability is the tediousness involved in tapping out a message on a relatively small keyboard. So manufacturers like Ericsson are rolling out phones like the R3 80 using a pen and CIC?s handwriting recognition software.
Sassower added handwriting recognition software isn?t new but he feels CIC has improved it.
"For instance the Palm Pilot has Graffiti, Palm?s own writing recognition program," he said. "The difference between theirs and ours is you have to learn their shorthand. If you write an A, for them an A is an inverted C. Our software is natural. You write an A like an A. you don?t have to learn new hieroglyphics. It?s much easier." |
