TheStreet Weighs in on Hot RFID Stocks
23 October, 2007
category: RFID
Is it a good time to invest in RFID technology?
Financial media outlet TheStreet answered this question in an online posting recently. Among the evidence to proceed with caution:
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RFID “pure plays” that have had a rough time include Applied Digital Solutions and Digital Angel – “each saw share prices drop over 40 percent since January,” said TheStreet. Furthermore, “Zebra Technologies and Intermec have experienced somewhat bumpy rides” this year.
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“Despite the fact that RFID was proffered by some to usher in a new era of tech IPOs, VeriChip has lost over 30 percent since they went public earlier this year.”
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Alien Technologies withdrew its IPO filings “because of market conditions.”
The good news?
The OTC-traded Axcess International “is up over 40% since January.”