who else thinks there is some explaining to do by management? Gemalto is the buyer of Multos for $25 million; which as commentators are pointing out is one year of revenue for Keycorp's smartcard division. Gemalto is obviously very happy and are keeping 40 odd employees -specialists in the Multos cards. And of course they can afford it cause their banking card division finally made some money after being years in the doldrums. And why are they starting to make money...cause the smartcard industry is moving into full steam. What does Keycorp do... well we sell out our interest...seemingly pretty cheaply....and they have been planning this for some time, one suspects!
So please explain! What is exactly the strategy now! Are we operating only in Oz. Do we retain an interest in the North American market, or the UK and European markets....are we out of Asia. I know there are a lot of changes going on and management are close to the action but as an investor I need to know what is going on and surprises should be kept for birthday presents.
KYC Price at posting:
0.0¢ Sentiment: None Disclosure: Held
