Thanks for the kind words! I think this is still a bigger gorilla than most people realize. Note the part of the press release that says they now have most of the linguists in the world who are familiar with speech recognition software. This is an insurmountable lead, unless they totally blow it, and tick off a lot of those guys. Leaves only the niches for the rest of the industry. The increasing stock price makes other acquisitions possible and likely, and accretive to earnings. If FONX has any worthwhile engineering talent for them they'll buy the company, for example; otherwise, they'll just continue to blow on by. BCB is another possibility in a similar vein. Acquisitions to round out their offerings in translation, speech-to-text and medical/legal transcription are likely, as these are three big, specialized sectors that they could well spin off in the future to avoid antitrust concerns, while keeping the core to develop new products. One example: identification of a speaker by their voice patterns - already possible to some extent; applications in security work already obvious. Applicability to speech-to-text also obvious when transcribing a conference call, for example.
IMO, this is THE gorilla for the next few years. It will be highly volatile until everyone catches on, but a double each year for the next 3-4 years is very realistic, I think. Only some serious mis-steps by management could kill this golden goose, and so far, I think their track record is excellent - another thing that many people have still not accepted.
Bob |
