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Strategies & Market Trends : The Amateur Traders Corner
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To: Tom Hua who wrote (18221)1/11/2002 8:32:01 AM
From: rogermci®  Read Replies (3) of 19633
 
VISG on Yahoo:

Re: New SEC filings Jan 10
by: tuitionbillz 01/11/02 08:20 am
Msg: 27373 of 27373

As I recall, Lau Technologies sold much of their DoD work a few months ago for about $60 million. There was speculation at the time the purpose was to win the Polaroid drivers' license business auction, but they lost to Digimarc. Too bad, that would have given VISG about 40 states worth of DL business. What a database!

Ms. Lau controls Lau Technologies and her husband Dennnis Berube is a senior exec at VISG, yet they seem to be separating the two companies to a considerable extent by, for example, Lau selling the FR technology to VISG and getting royalties.

So, they (Lau and Berube) have got $60 million from the defense business sale, plus 38% of VISG shares (another $60M?), plus VISG has sold $25M worth of shares in the private placements. And now a new company (Essex) from Boston shows up owning another 12% of VISG. So . . . .

There they are with about $150 million in cash and stocks . . . . what does that mean to VISG? Are they going to grow the FR business? Are they looking to acquire another company like, oh, IDNX, which does fingerprinting? Are they dangling a cash-rich VISG out there for a bigger fish to swallow?
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