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| Subject: walt12 (ID#: 108490) With smartcards in general 1999 ---02/03 | |
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Author: anonymous |
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Date Posted: 05:51:37 11/15/02 Fri walt12 (ID#: 108490) RE: With smartcards in general 1999---02/03 15/11/02 8:35:08 PM 5711992 « Previous Message Next Message » Yeah you have to blind or stoopid not to see what will be the fastest growing sector next year. We saw a biotech frenzy, well 40% across the board, pan out this year. Apart from that it was ho humm. Next year and the year or two after everyone will be talking scards. We will actually carry them. With the mass rollout all will ask who are behind these things and who is going to make the dosh. ERG at these levels will be spoken of time and time again. We all see the trend in the States as being now tech oriented. We have endured the protracted Daq crash. It may have slowly dissapated like a party balloon but it crashed. We may never live to see another tech boom like that a couple of years ago but we will see similar booms in specific sectors. Scards is definitely one. Every major and minor business globally, govt institution, banking and finance sector are all evaluating movements towards the scard. The time is ripe to back companies that are exposed to the massive profits from these sectors. The whole game is factored toward companies that have the vehicles for rapid deployment. ERG/Proton have over 80 million scards combined. Fogarty stated that the target was originally 200 million for transit applications alone. He revised down given the current market malaise prior Sept 11th. Since then we have seen the UK,USA,Australia,Pacific region and numerous other countries seriously considering mass rollouts for primarily ID cards. It is simple logic to deduce that the same bodies will explore revenues outside of the primary functions. The rollout for ID scards in the UK and USA alone is envisioned to be at least $7-$10 billionAUD. The primary goal is to commercialise the scard. Loyalty programs have not the same impact as they had a few years ago. There will be a dramatic change to the nature of loyalty programs in the future. The primary application will be e-commerce. Proton has undeniable market clout given that it has 40 million cards serviced by 700,000 atm's. Europe is Proton. Europe dwarfs Australia. Sydney is a sweetener but really lets get real. Our market is less than small. ERG has Europe's transit systems in the palm of its hand.Proton reconciles 98% of scard commerce,current CALC/CEPS e-commerce in Europe. It offers Biometric solutions that ARE patented. It offers the most advanced banking and financial,biometric applications in the world. Sure it will not happen overnight but those close to the action have had cause to revise their projections of scard mass consumer acceptance, and have therfor revised their forcastes back. Just 1 year ago Visa said that they expect scards to be mainstream 7-8 years away. Now with Mastercard/Amex Europay etc they have given an ultimatum, 2005. That doesn't mean Dec 31st 2005. The mad scramble is happening now!!! If ERG/Proton were not to win one single contract form here on in. 80 million scards would still blow their revenues thru the roof. Ofcourse they will win many, many more contracts. 16c. It is weird but true. No one loves them. Not yet anyway. I am not ramping. I have backed up all my posts with facts, from independent sources. There is no possible way ERG will go bankrupt. Babcock&Brown would not back a loser. Neither have I!!! [ Next Thread | Previous Thread | Next Message | Previous Message ] |