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Technology Stocks : WDC/Sandisk Corporation

WDC 162.40

+2.9%

Nov 17 3:59 PM EST

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To: Ausdauer who wrote (4174)	12/30/1998 5:46:00 PM
From: Rich Miani	Read Replies (1) of 60323

OK, Aus, I'll bite. FWIW, I was discussing the smartcard with some friends this summer as we each tried to come up with the "next big thing".I thought that smartcards had excellent potential, but a lad who works at one the major credit card companies said the entry barriers were high here in the US due to <list of reasons I can't remember, here>. One argument that I do remember is that it is difficult to convince the vendor to add yet another card terminal to his limited counter space when there is little if no incentive. A limited trial of smart cards here in the US failed miserably, as there was little consumer interest. They just didn't see any upside to having a smart card. From what I remember , one of the biggest reasons European nations use the smart card is to discourage fraud in health-care, etc. So far, that's not as big a problem here as it is there( at least according to the article(s) I've read). This rambling disjointed opinion is worth what you paid for it...

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