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Technology Stocks : Viisage Technology (VISG)

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To: StockDung who wrote (504)	3/20/2003 10:49:27 AM
From: Glenn Petersen	Read Replies (1) of 536

Not a fan of facial recognition technology. biz.yahoo.com <snip> Giving reason for more pause, Viisage, citing a nondisclosure agreement, wouldn't release financial details of the new government contract. Bill Aulet, Viisage's chief financial officer, also declined to specify the length of the agreement. In February 2002, the Pentagon awarded Viisage a contract valued at $672,000 for the continued development of facial-recognition surveillance systems. "I would be shocked if the deal was for more than $1 million or $2 million," says Brian Ruttenbur, an analyst at Morgan Keegan & Co. "Annually, there's less than $15 million in revenue for the whole facial-biometrics industry. It's a tiny industry — it's a niche of a niche." (Ruttenbur doesn't own shares of Viisage, and Morgan Keegan doesn't have an investment-banking relationship with the company.) <snip>

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