September 05, 2007

Pimp the Market with Nuance Communications

I would like to share Nuance Communications (NUAN) as the first stock pick for my blog. I had kept my eye on this stock since Februaury, and finally purchased it in August at $15.36. I have been pleased ever since. It closed today at $19.92.

Nuance is a leading company in the speech recognition and imaging solutions arena. This field has and will continue to grow tremendously. Nuance has made 4 significant transactions (from my research) in 2007 alone and will probably continue building up a network of partners and businesses in the coming years. The technology is in growing demand. Speech recognition is becoming a bigger need with the emergence of hands-free technology, certain computer software, call centers, helthcare services, etc.

I personally see no slowing down in this field or company for that matter. As the technology gets better, more and more businesses may replace certain functions with voice recognition services. If you get a chance look further into Nuance Communications. It is owned largely by institutions which is a major plus as well. Look out for there earnings reports in the coming quarters, as they will only get better and better. You can use the link I have given you to google.com's finance page so you can read more if you would like. It is a very interesting company that I would keep my eye on.

Random rant of the day: What is up with vending machines always short changing you! They always take a dime here and a dime there from everybody and they know nobody will say anything individually because it is not worth each persons time. Damn things. I would put my money in all vending machines if I could!


Please post comments on your thoughts or picks and we can discuss them. Or we can talk about other random stuff. It's up to you.

3 comments:

Ms_Lyonese said...

So how is the stock going?

G. Money said...

It has not performed bad or good since I posted this. It is slowing a bit from the previous weeks, but I expect this to pick up in the coming year as investors get the chance to see how well they progress and how many companies use their services. It will be interesting and I expect this stock to rise to at least $25-$30 in the next year (or at least it sounds good in my head if this happens).

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