Joe,
Did you really go to Harvard?? Wow. I hear that is a pretty good school.... I can't speak for everyone, but I tried contacting the company. The results can be summarized by the following quote "nothing yet, we're trying, but nothing yet." I hope their trying is sincere and genuine and, in the end, pays off handsomely. But, consider that Rome was not built in a day. So, NRI, and the biometrics industry in general, can only try up to this point, because general market acceptance and serious sales have not happened. So I am not that disappointed with NRI. They are an adaptive company. They switch strategy to make themselves more competitive. They went from a hardware company to a software company to multi-biometric software. I like it. I think that when biometrics takes off, and there are strong indications that we are very close to this event, NRI is well positioned to catch part of that earnings wave.
The moral is that trying is all any biometric company can do right now, in the sense that earnings will not be what they could, if not what they should, be. In the near future, I expect NRI to surprise a lot of people. Whether that is a good or a bad surprise remains to be seen.
Regards,
Bob
P.S. You own a company and went to Harvard. Have you thought about nominating yourself for a position in NRI at one of the stockholder meetings? You have my vote. |
