Tag Archives: nuan

Nuance Communications Outlook, Earnings Hit Stock

Nuance Communications (NUAN) stock was down 11% in morning trading in the stock market today, a day after the speech-recognition software maker’s fiscal Q3 results and its outlook missed forecasts amid its business transition. The Burlington, Mass.-based company, which provides the software that runs the Siri voice feature on Apple (AAPL) iPhones, is facing hurdles as it transitions to a subscription-based business model. The company faces issues,

Nuance rocked by sale chatter, Apple Siri developments

Speech-recognition technology provider Nuance Communications (NUAN) has been roiled in recent weeks by sale rumors and reports that Apple might drop Nuance from its Siri voice response app in favor of its own technology. Since hitting an all-time high of 31.15 in February 2012, Nuance stock has struggled. It hit a low of 13 last November and has risen since then on hopes for a buyout. Apple (AAPL) and Samsung have been rumored as possible acquirers of Nuance. Wired reported Monday that Apple has built its own speech-recognition software team by poaching engineers and managers from Microsoft (MSFT) and Nuance. Apple wants to catch up to Microsoft and Google (GOOGL) in the neural network approach to speech-recognition technology, which has leapfrogged the algorithms Nuance uses, Wired says. Neural network voice-recognition tech focuses more on context and the relationship among words to increase accuracy. Nuance was up nearly 1% to below…

Nuance Expected To Get More Heat From Icahn

Nuance Communications’ (NUAN) stock rose Wednesday after the speech-recognition software maker late Tuesday preannounced better-than-expected results for the December quarter and the hiring of a new head of worldwide sales. Nuance stock was up 8.5% in early afternoon trading in the stock market today, at a two-month high near 16.15. Activist investor Carl Icahn has acquired a 17% stake in Nuance. But even with today’s gain, Nuance’s stock is down