By
Travis Hoium
|
More Articles
November 23, 2010
|
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Voice-recognition solution provider Nuance Communications (Nasdaq: NUAN ) jumped as much as 12% this morning on rumors of a buyout by Apple (Nasdaq: AAPL ) .
So what: A video of Apple co-founder Steve Wozniak talking about Apple's purchase of Nuance is floating around the Internet causing a stir. The company has said there is no truth to the rumor, but that didn't stop shares from shooting up this morning.
Now what: The thought is, Woz actually meant to mention Siri, a company Apple purchased in April and just made a mistake saying Nuance's name. Still, Nuance provides technology for apps by Amazon (Nasdaq: AMZN ) and IAC's (Nasdaq: IACI ) Ask.com, so being a target for Apple isn't out of the question. I'm not usually a speculator, but I might be interested in betting on a quality company like Nuance that could add some nice technology for Apple's iPhone.
Interested in more info on Nuance Communications? Add it to your watchlist.