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Technology Stocks : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?

To: David who wrote (14019)	6/25/1999 12:27:00 PM
From: David	Respond to of 26039

South Africa win? Long time readers of this thread may remember that the South African government put out an international tender for bids on a national ID card system for its 45 million residents in an AFIS-type system. The winner would put together a system that would check applicants for government benefits against a mass data base of fingerprints, and provide encrypted fingerprint ID on national ID smart cards. The value of the contract is about $175 million. It attracted bids from TRW (DBII?), Lockheed Martin, ICL-Sagem, PQ Africa - Printrak, and Unisys-NEC. The finalists were PQ Africa-Printrak and Unisys-NEC, with the losers threatening to sue, but deciding against it. From South Africa Business Day, February 22, 1999: "The tender went to the MarPless consortium, with technology firm Plessey and Japanese trading house Marubeni as managers; Unisys as systems integrator; Japan's NEC supplying fingerprint technology; and Polaroid producing ID cards." The project will be installed over a five year period. No confirmation available that NEC is using IDX technology, but it looks probable to me. Unisys-IDT is unlikely to be a meaningful connection in the AFIS universe.

To: David who wrote (14019)	6/25/1999 4:13:00 PM
From: TerryKrohe	Read Replies (2) \| Respond to of 26039

What am I missing here? 1. IDX isn't paying attention to the ten-printer business: a. TN b. INS (remember that lost deal-of-the-century?) c. where's the Sylvan money (quote Fowler: "...plan to make money from the beginning") d. your comment about not paying attention to the tenprinter business (unnamed source) 2. ORCL a. original Porsche expectations ("assume 1% of ORCL seats ... blah, blah, blah) never occurred b. F2? c. now the F3 (per your comment) 3. IDT a. MasterCard, UniSys, CPQ, Keytronic relationships b. all the talk here is about this part of the business and its potential c. and IDT was purchased for +/- $50 mil ...?! c. either there's a LOT less in the above relationships (the purchase price should have been higher for the quality of those relationships) or IDX has has some amazing beef that they showed IDT (but not the rest of the world) when they came to the merger table 4. What was the basis for the Learch (sp) lawsuit? That whole thing was played as poor little IDX against the big bad lawyers ... but lawyers don't win by playing bluff, they had _something_ in their hand and we never did hear what that was. 5. Scullion named Pres and Pieper named CFO ... shouldn't it have been the other way around since IDT is so big a part of the future of IDX? 6. ValueLine was initially impressed to generate a 2 rating and they have since edged their expectations downward based on what has _happened_. 6. Summary: a. less tenprinter business b. IDX fingerprint security (hardware and software) supplanted by IDT c. the business stategy is leaning to the IDT model and this billion dollar future was purchased for only 50 mil?