Rick, interesting thesis, but I think it doesn't apply to IDX fundamentals -- in fact, just the reverse.
Biometrics are now coming up on network security horizon as the best defense against intruders. Ordinary passwords, etc., are hackable. Encrypted biometrics are presently so hard to hack that you may as well give up, but they haven't been deployed. Further, IDX's technology in particular includes hard-disk and peripherally based encryptions that are not available for hacking via intrusions into network servers. (IDX also is producing server-based products, which have a greater convenience factor for the users.)
I don't think IDX price has almost any bio-ID component in it -- certainly nothing that this article is discussing -- but to the degree that this cyberfight escalates, IDX has very strong weapons on the side of security. Over time, I think this will be a powerful driving force in favor of the F3 (and F4 and F5, etc.) products. This is what's behind Holy Grail thinking and IDX as a multi-billion dollar company.
David |
