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Technology Stocks : CAER. what's up.
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To: Charles Muscarelle Jr. who wrote (59)2/26/1998 1:33:00 AM
From: Ilya k.   of 79
 
If you have never traveled in an automobile, it is hard to imagine that it would be useful. Ditto for OCR. Before I used it, I just retyped documents. Now I can pop a page or two in the scanner and have the results in my word processor before I could have retyped the first couple lines of the original.

However, this does not appear to be the main thrust of OCRs future. It appears that using it as an indexing tool will eventually be its most important application.

As I sit here typing, I am inputting 1s and 0s. It is easy for Yahoo or any other search engine technology to index these digital inputs. But what if I scanned in a page of text (or sent you a fax). You could read it, but the search engine couldn't because it would only "see" an image. So if you ran a text-based search for all articles mentioning "Muscarelle", every single fax containing your name would be missed. It takes OCR to convert the image into characters that a search engine can read. The mainstream computer industry sadly lags in making this capability a mainstream function of the OS or major apps. (Why not have every incoming fax stored both as an image and as a Word file--automatically?)

While on planes, how many times do we tear out pages of magazines which have interesting articles. My fantasy has always been a "black box" with a slot that I could just feed these pages into and have them automatically appear on my computer (with a hidden searchable text index) hidden behind the image.

Seemingly, Adobe's Acrobat and Visioneer's technologies seem to come the closest to this sublime desire.

In any case, Caere appears to have more cash on hand than the rest of the industry has in revenues. It is moving into several internet and forms areas that built on its OCR technology. You may be right, this may be its year.
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