US sales strong. multi lane market huge and growing. HYC getting in, but lots of room. hopefully CMIV capitalizes on it!
In April 1999, Hypercom executed an acquisition that positions the company to enter and expand into the market for multi-lane point-of-sale
(POS) products and services. In the last week, the company announced the acquisition of Rochester, N.Y.-based JTS ChequeOut Solutions
Inc., a leading provider of card-based, multi-lane financial and marketing systems for U.S. supermarket chains.
"We have now taken the first significant step in our aggressive pursuit of the $500 million multi-lane payment terminal and systems market,
which comprises the top 100 U.S. retailers," Mr. Irato said. "This acquisition enhances our ability to penetrate this important segment of the
retail industry, as well as to both widen our share of the U.S. POS market and ultimately expand Hypercom's revenue base.
"Hypercom continues to be in an excellent position to make substantial market share gains, both domestically and internationally," Mr. Irato said.
"The softness in the Asian and South American markets belies the growth we are generating in the United States and Europe. In the fourth
quarter and going forward, we anticipate that revenues will rebound to more than $60 million quarterly as customers begin to deploy our
advanced ICE 5000 terminals and Hypercom makes a dynamic push into the multi-lane market." |
