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.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

Apple and Nuance Communications are Motley Fool Stock Advisor recommendations. Nuance Communications is a Motley Fool Hidden Gems pick. The Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.