Nuance Communications, Inc. Message Board

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Technology Stocks : Nuance Communications, Inc.

NUAN 54.84

0.0%

Aug 11 5:00 PM EST

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From: Jorgen Jensen	6/21/2006 1:22:31 PM
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SAN FRANCISCO (MarketWatch) -- Nuance Communications (NUAN : NUAN8.87, +0.56, +6.7% ) rose 7% to $8.88 on Wednesday after Friedman Billings initiated coverage of the Burlington, Mass.-based speech recognition software company with an outperform rating and a 12-month target price of $12. Friedman Billings said it expects Nuance's network speech segment to post between 25% and 30% growth over the next few years. It also said the company's dictation segment "is on the cusp of a major revenue opportunity and should be able to increase revenues approximately 25% on this segment over the coming years."

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