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Technology Stocks : Racom Systems (RCOM) -- Ignore unavailable to you. Want to Upgrade?


To: Gutterball who wrote (136)7/10/1998 2:10:00 PM
From: NightOwl  Respond to of 468
 
Dan,

See my note at RMTR INN on this Gazette article. The reporter took maximum production to be "inital" production. We aren't at 30 million a month yet.

0|0



To: Gutterball who wrote (136)7/10/1998 4:27:00 PM
From: Gutterball  Read Replies (1) | Respond to of 468
 
Interesting post on smart bank cards. This is pretty much the same signals I'm getting from Racom.

financetech.com

For the record, this is the part I refer to...

"However, industry executives and observers say that the United States remains at least several years away from mass deployment of smart cards."

"In the U.S., I think it will be three to five years before we see these cards in wide use," explained Dan Cunningham, president and chief executive officer of the Smart Card Industry Association (SCIA), based in Lawrenceville, N.J."

"According to Diana Knox, senior vice president of chip products for San Francisco-based Visa USA, a mass transition from magnetic-stripe cards to smart cards in the United States is likely to take even longer."

I'm waiting to see how Racom intends to address these issues in their up coming 10Q. What alternatives they come up with and all that.