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Technology Stocks : Identix (IDNX)
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To: David who wrote (11694)12/13/1998 7:53:00 AM
From: Ron Ohio  Read Replies (1) of 26039
 
David

To bolster your find.
Friday, The President of Oracle was on CNBC to discuss the large increase in Oracle earnings. The discussion then drifted to future sales gains. Oracle agreed that they are the biggest suppliers of software to large institutions. So the question was asked, "If you have the line share of the large institutional software, where will your future growth come from? The answer was the "Iternet". The President stated that the Internet was in its infancy and Oracle felt that this area presented the next tremendous growth for the next 10 years.

As I understand it, Ellison, the CEO of Oracle, has been a great help to Randy over the years. Oracle was the first to try and use biometrics in the computers in a big way. Randy stated that they learned a lot from this venture. He also said that looking back he wished he would have known more before they jumped in.

Let us say that Oracle now saw AND wanted what Identicator had developed. As all three are neighbors and good friends, I wonder if Oracle brokered a deal that put Identicator with IDX. No sense in another company developing the same product. Identicator with the product., Identix with the manufacturing and deep biometric knowledge, and now Oracle can come to the table immediately with their products that they have been developing. A win - win for all three involved. As I said before, time will tell.
Ron
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