April 24, 2006
Doubting Alien Technology's potential
There is an interesting article in the Mercury News, which takes a critical look at Alien Technology's IPO plans and potential. A summary of the main points in the articles:
1. Alien is betting big on fluidic self-assembly or FSA, a new method to make tags. But Alien has to show that FSA works for large-scale tag manufacturing. What's more, the latest version of FSA will not be ready until next year.
2. The completion has better funding.
3. Alien has not shown a profit yet.
4. The company has missed its dateline set for when its business and the RFID market would take off.
5. Only one major investment firm, namely, Bear Stearns backs the IPO.
6. Maybe, Alien wants to use the IPO to 'prepare' itself up for sale to a larger outfit
Via Mercury News
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