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Started By
Message
Where to put new Technology money?
Posted on 3/25/13 at 2:35 pm
Posted on 3/25/13 at 2:35 pm
I have a technology hole in my portfolio and I am looking for good candidates to add spice core holdings. My mutual funds are already peppered with some of the large caps like APPL, ORCL, GOOG, IBM. I am looking for a little more of a hot money play with a 1-5 year horizon.
I've been in BRCM, GLW & CREE for about a year. Only CREE has done me any real favors. I'm still thinking QCOM should be in my mix though it is likely to be well represented in other holdings.
Any strong opinions or observations on the Tech front?
I've been in BRCM, GLW & CREE for about a year. Only CREE has done me any real favors. I'm still thinking QCOM should be in my mix though it is likely to be well represented in other holdings.
Any strong opinions or observations on the Tech front?
3
Posted on 3/25/13 at 2:38 pm to ynlvr
MSFT is slightly undervalued right now
CSCO is a strong mover with potential to move up more
CSCO is a strong mover with potential to move up more
Posted on 3/25/13 at 2:40 pm to ynlvr
quote:There was a poster on this board a couple of years ago who believed MVIS was going to be the next AAPL.
Any strong opinions or observations on the Tech front?
Of course that was before MVIS had to issue more stock to its creditors in order to avoid bankruptcy and its stock price went under $2/share.......
This post was edited on 3/25/13 at 4:03 pm
Posted on 3/25/13 at 3:45 pm to LSURussian
Likely was a strong opinion too. Tech is wrought with peril and opportunity. I have been familiar with both.
I do like what I am seeing in CISCO. And QCOM has done less than I expected this year. They seem to be rather safe plays, nothing real new here.
I do like what I am seeing in CISCO. And QCOM has done less than I expected this year. They seem to be rather safe plays, nothing real new here.
Posted on 3/25/13 at 3:52 pm to ynlvr
I like MITK, but do your own DD.
They are the tech. behind mobile deposits an have recently moved into the mobile bill pay space.
They are the tech. behind mobile deposits an have recently moved into the mobile bill pay space.
Posted on 3/25/13 at 4:17 pm to TigerDeBaiter
quote:
MITK
Interestingly competitive space. Medical imaging origins? Whoever correctly predicts the future method of payments will be a big winner. This is the obvious. VISA and MC have been raking in moolah before, during and after the credit bubble.
Posted on 3/25/13 at 4:23 pm to TigerDeBaiter
quote:
MITK
This is the interesting kind of response I was hoping for. Something a little spicy and fun to research.
Posted on 3/25/13 at 6:56 pm to ynlvr
I don't think they have any exposure to medical imagining, that I know of anyway.
Right now they basically service all the major (and a lot of smaller) banks for remote deposit capture. So the chase commercial you see that allows customers to snap a picture of a check and deposit without going to the bank, that is their core business. For now anyway. The adoption of this seems to be growing at a pretty rapid pace.
They recently were granted a patent to snap a picture of a bill and pay it with your mobile device, so we'll see how that goes.
A couple things to look into; last I saw there was a patent depute with USAA over the remote deposit capture technology. Additionally, their revenue model hasn't seemed to yield very much with the amount of deposits they have serviced. So basically, I believe they sell blocks of transactions to banks as well as the channel partners up front, and they then "re-up" when needed. This produces what their CEO calls "lumpy" earnings.
All said, I think it's definitely worth keeping on the radar.
Right now they basically service all the major (and a lot of smaller) banks for remote deposit capture. So the chase commercial you see that allows customers to snap a picture of a check and deposit without going to the bank, that is their core business. For now anyway. The adoption of this seems to be growing at a pretty rapid pace.
They recently were granted a patent to snap a picture of a bill and pay it with your mobile device, so we'll see how that goes.
A couple things to look into; last I saw there was a patent depute with USAA over the remote deposit capture technology. Additionally, their revenue model hasn't seemed to yield very much with the amount of deposits they have serviced. So basically, I believe they sell blocks of transactions to banks as well as the channel partners up front, and they then "re-up" when needed. This produces what their CEO calls "lumpy" earnings.
All said, I think it's definitely worth keeping on the radar.
Posted on 3/25/13 at 11:13 pm to TigerDeBaiter
quote:
I like MITK, but do your own DD. They are the tech. behind mobile deposits an have recently moved into the mobile bill pay space.
I work in this space. Mitek is a small piece of the puzzle and they have very little opportunity to monetize on it right now.
This post was edited on 3/25/13 at 11:16 pm
Posted on 3/26/13 at 8:11 am to jso0003
Do you mind elaborating a little on why?
Posted on 3/26/13 at 11:26 am to TigerDeBaiter
the lawsuit with USAA is a huge albatross around their neck.
Currently they are locked into contracts that for the most part pay them peanuts.
long term check volume is declining so while mobile RDC is a great tool now it remains to be seen what the long term future is.
I'm not saying dont invest in MITK as I think they're an interesting company with a lot of potential but that is the bearish thesis and right now it is more concrete than the bullish thesis.
Currently they are locked into contracts that for the most part pay them peanuts.
long term check volume is declining so while mobile RDC is a great tool now it remains to be seen what the long term future is.
I'm not saying dont invest in MITK as I think they're an interesting company with a lot of potential but that is the bearish thesis and right now it is more concrete than the bullish thesis.
Posted on 3/26/13 at 9:41 pm to jso0003
Bump: would love to hear a different/opposing opinion.
Posted on 3/27/13 at 7:20 am to TigerDeBaiter
quote:I hope USAA Federal Savings Bank doesn't have to change its Deposit At Home feature. I use it routinely. I love that deposits are available immediately.
A couple things to look into; last I saw there was a patent depute with USAA over the remote deposit capture technology.
Posted on 3/27/13 at 8:28 am to Poodlebrain
(no message)
This post was edited on 12/21/21 at 9:39 am
Posted on 3/27/13 at 8:31 am to Poodlebrain
quote:
I hope USAA Federal Savings Bank doesn't have to change its Deposit At Home feature
Isn't USAA challanging the other companies patents; not the other way around?
Posted on 3/27/13 at 7:10 pm to jso0003
As I stated above I agree with all the bearish arguments against owning the company, but I also think there's tremendous potential. The USAA thing is really a black eye right now and no update on the matter is certainly worrysome.
I havnt seen the numbers on the decline of paper checks that you mentioned, but logic would tell you that's the case. That said, I think checks will always have their place, especially with the "under banked" folks.
On the contrary adoption rates for RDC are rising every year and are projected to reach around 30% by 2016. Mitek currently has agreements with over 500 financial institutions last time I looked, including most of the largest retail banks. And I believe less than half of them have actually launched the service. This tells me there's still tons of room for growth. The sad part is, as you mentioned, the revenue model is/was an absolute failure. I don't know if this is something they can change now or not.
Mobile bill pay is the next step for the company, and so far only US Bank has launched. It'll be interesting to see the adoption for that service. Fortunately the model for that service is going to be "different" per the last CC. Certainly a buy an hold for a while stock.
I havnt seen the numbers on the decline of paper checks that you mentioned, but logic would tell you that's the case. That said, I think checks will always have their place, especially with the "under banked" folks.
On the contrary adoption rates for RDC are rising every year and are projected to reach around 30% by 2016. Mitek currently has agreements with over 500 financial institutions last time I looked, including most of the largest retail banks. And I believe less than half of them have actually launched the service. This tells me there's still tons of room for growth. The sad part is, as you mentioned, the revenue model is/was an absolute failure. I don't know if this is something they can change now or not.
Mobile bill pay is the next step for the company, and so far only US Bank has launched. It'll be interesting to see the adoption for that service. Fortunately the model for that service is going to be "different" per the last CC. Certainly a buy an hold for a while stock.
Posted on 3/28/13 at 10:45 am to TigerDeBaiter
yea I cant disagree with anything in your post. it blows my mind how they can make so little money off their deals but like I said the image recognition piece of the RDC puzzle is REALLY small.
I'm surprised that a company like NCR hasn't just gobbled up MITK.
I'm surprised that a company like NCR hasn't just gobbled up MITK.
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