Word: gemplus
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Consider what's happening in the technology sector, where investors are back to fawning over stock-option profligates like Cisco (up 54% year to date) and are even giving a second look to infamous Frank Quattrone IPOs like Corvis (up 91%) and Gemplus (up 88%). Overall, tech is once again the S&P 500's best-performing segment, rising 59% this year, even though that segment has experienced a 5% decline in the previous 12 months of earnings. This remains an industry dogged by sluggish corporate spending and huge amounts of excess capacity. So it's hard to comprehend...
...With 25 international telcom operators located here, Marseilles has become France's second-largest telecommunications center and the key hub for the southern European network. It also boasts research and production centers for the biotech and microelectronics industries - including the likes of Gemplus and STMicroelectronics - and has created local graduate schools to produce employees with the skills these companies need. The June 10 launch of the new high-speed TGV rail service - reducing travel time to Paris from four hours and 20 min. to three hours, and to Lyons from two hours and 45 min. to one hour...
...card, introduced this month under the name GemUtilities, is made by France's Gemplus, which in only 12 years of existence has become the world's leading producer of smart cards--with Gloton as its director of technology and resident genius. Americans have lagged behind Europeans in the use of smart cards but are starting to catch up. Last month Visa said it would begin issuing smart cards designed by Gemplus. They will compete with American Express's new Blue smart card, which can be used in personal computers equipped with card readers. These systems provide excellent security for online...
...Gemplus' Giry anticipates a global explosion in the use of smart cards. "The potential applications are innumerable and provide almost total security and reliability of identification," he says. Giry explains that the cards themselves are inexpensive to produce, so that the only brake on use has been unwillingness of merchants to invest in readers and communications devices. The countries that have not adopted smart cards have been waiting until losses from fraud and theft start to outweigh the costs of updating hardware...
...their PCs at reduced prices. Noting Motorola's decision last year to pull out of an already tight global smart-card market, Giry expresses confidence that new players will not be able to take on the three French companies that have more than 70% of the global-production market: Gemplus, Schlumberger and Bull...