In our article titled, "4 Stocks That Could Move Big This Week," we mentioned stocks that could move this week on the much anticipated Samsung (SSNLF.PK) S4 launch. One of the many new technologies rumored to be in the new phone is NFC, near-field communication. It is the technology used for mobile payment. Samsung has partnered with Visa Inc. (V) to roll out Visa's PayWave technology in the S4.
On Track Innovations Ltd. (OTIV) is a stock that could benefit greatly from this Samsung push of NFC. OTIV is a Visa partner and is one of the pioneers of mobile payment technology. STMicroelectronics NV (STM) and software company On Track Innovations Ltd. developed the first contactless payment card certified for use with both Mastercard Inc.'s (MA) Paypass and Visa U.S.A Inc.'s PayWave cards using a single chip.
OTIV has been under a lot of pressure over the last few weeks with an active battle between management and dissident shareholders. The shareholders have won, as noted by the recent news of the resignation of its chairman and president. A new board has been elected and a new CEO announced yesterday. This appears to be perfect timing for the company and the stock price. Samsung is about to rollout mobile payment in a big way GLOBALLY and OTIV has a big patent trial upcoming.
Patents:
On March 27, 2012, OTIV announced a patent infringement lawsuit against T-Mobile (DTEGY.PK) that alleged T-Mobile sells near field communications equipped cell phones that infringe on one of OTIV's patents. This patent is part of OTI's extensive intellectual property portfolio, including over 100 issued patents and pending patent applications encompassing product applications, software platforms, system and product architecture, product concepts and more in the fields of near field communications, contactless payments, secure ID, petroleum and parking solutions.
OTIV appears ready to profit from its patents and that is great news for shareholders. OTIV and T-Mobile are scheduled for a Markman hearing on May 9th. Traders may recall the large move Parkvision Inc. (PRKR) recently had from its Markman hearing and the large move Vringo, Inc. (VRNG) had last year. With a new CEO and upcoming hearing, the stock may be ready for a nice move higher.
Technicals:
OTIV has been in a downtrend over the last month. The stock appears to have found a nice bottom on the news of the new CEO. A break over $1.10 could see the stock move higher into its hearing next month. A full retrace back to last month's price would be a 40% gain from here.
Das wäre natürlich der absolute Hammer wenn kommenden Montag(18.März)das obige Gerücht/Spekulation von oti bestätigt wird.Wenn dann auch noch diebezüglich Zahlen genannt werden dürfte es für den Kurs kein halten mehr geben.Ich glaube es zwar erst wenn ich es schwarz auf weiss lese,aber ein wenig träumen kann mann doch jezt schon mal. |