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

To: brad greene who wrote (6526)	2/4/1998 3:27:00 AM
From: Loretta Fern	Read Replies (3) \| Respond to of 26039

Recently read the comprehensive Salomon Brothers' analysis of Identix and the biometric industry. I found the following points to be the most interesting. -The company intends to license its fingerprinting operating system to Microsoft, Netscape and Unix vendors while building a Java-based version for the Internet. -ANADAC is conservatively valued at $2.25 per share. -On a consolidated basis, Identix will likely increase earnings at about a 65% compound annual growth rate over the next 4 years... -Identix's lead in the fingerprinting market extends to software, hardware and systems.....As silicon-based fingerprint acquisition technology brings prices down, new competitors likely will emerge. However, we believe that Identix is well positioned to benefit from new acquisition technologies while leveraging its OEM strategy and focus on software and systems. -The market for fingerprint and biometric devices .... is expected to grow at a 60% CAGR from $145 million in 1997 to nearly $1 billion in 2001. Similiarly, the law enforcement market for fingerprint imaging and identification sysytems will continue to expand, likey growing from$120 million in 1997 to more than $300 million in 2002. -Simply put, the focus of the future is on providing complete business security solutions, not just commodity-based acquisition technology. -REPUTATION- Identix has a reputation as the highest quality fingerprint systems and software vendor in the world. -The most broadly accepted biometric measure remains the time-tested fingerprint. Although about 2% of the population may not be able to utilize the technology, it is the most reliable measure of instant biometric verification. -...law enforcement officials believe that annual losses to computer crime worldwide topped $5 billion last year... - Growth estimates for e-commerce for the year 2001 range widely from as low as $100 biliion to $1 trillion indicating the potential upside. - We believe that facial recognition, handwriting, hand geometry, etc., are interesting and potentially useful technologies, but we do not believe that they represent a threat to the fingerprint's widespread market potential, convenience or utility. -While the exact timing of broad commercial acceptance is difficult to forecast, we expect to see significant commercial adoption of Bio-ID technology in the next 12 to 18 months. -The company's balance sheet is strong... -Identix products have the distinction of being the only biometric products that have successfully completed testing and have been included in the National Security Agency's Approved Products List for computer security. The 30 page report has much more in it that is known to people on this board but possibly not fully appreciated. Solly's research and depth of understanding of the industry and company is quite impressive. What IDX lacks in PR, they are more than compensating for by working to create a dynamic comprehensive biometric powerhouse. What is striking in reading this report is how well thought out IDX's business plan is. Hard to think of an angle that they don't have thoroughly covered in biometrics. They are creating a large part of the biometric industry. Others at this time seem to be follwing the leader. Thanks to all on this thread for the informative and enjoyable posts. The harder Mr. Fowler and the good folks at IDX work, the luckier we all shall be.