S&P 500
7,401.00
+0.91%
Dow Jones
49,665.70
+0.19%
Nasdaq 100
29,241.00
+2.43%
Russell 2000
2,860.88
+0.82%
FTSE 100
10,263.70
+0.48%
Nikkei 225
63,767.70
+2.68%

Consumer Electronics

AuthenTec Now Fingers Apple (AAPL, AUTC)

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Invalid Image
AuthenTec, Inc. (NASDAQ: AUTH) has already seen a wild trading day and it looks like the move may have been exacerbated by day traders chasing headline news for any company signing the next pact with Apple Inc. (NASDAQ: AAPL).

The company announced this morning that its fingerprint security solution is being launched for Mac laptops and desktop computers running on Apple’s Lion operating system and on those running on the Snow Leopard operating system.

The report showed that it included an Eikon fingerprint sensor and TrueSuite identity management software.  By signing on with a fingerprint recognition, you can forget passwords all you want.  Just be sure not to play with many sharp objects.  Different websites can even be associated with different fingerprints.

AuthenTec noted, “The new Eikon fingerprint reader for Mac and matching TrueSuite user software will be available in March for $59.95 from Apple.com, Amazon.com and AuthenTec’s Web store (store.authentec.com).”

Shares are currently only up by about 4.2% to $3.45, but AuthenTec shares popped to as high as $3.67 on the headline pop.  We have already seen about 5-times normal trading volume so far today and the 52-week trading range is $2.15 to $4.16.

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

Continue Reading

Trey Thoelcke |

Apple to Buy Fingerprint Security Company

Apple Inc. (NASDAQ: AAPL) has agreed to buy AuthenTec Inc. (NASDAQ: AUTH) in a deal valued at about $356 million.…

247sam |

Today’s Market Winners and Losers

Photo by Spencer Platt/Getty ImagesThe broader stock market is up Friday on the announcement that gross domestic product grew 1.5% in the…

Paul Ausick |

BlackBerry Stock Sneaking Up on a New 52-Week High

BlackBerry shares traded up on higher-than-usual volume Monday morning following a weekend report that the smartphone maker is about to…

Douglas A. McIntyre |

AuthenTec Prices IPO (AUTH)

AuthenTec (AUTH-NASDAQ) priced its 7.5M share IPO at $11.00, at the top of the $9.00 to $11.00.  Lehman Brothers was…

Paul Ausick |

Will Apple’s Rumored Digital Wallet Work Where Others Have Failed?

Reports hit the web Sunday that Apple signed an agreement with American Express for an iPhone payment system.

Jon C. Ogg |

Top Active Trader Alerts (CRNT, COGT, DGIT, GENZ, HPQ, QLGC, SPWRA)

Active traders and day traders have a decent slew of companies to choose from this late-August Monday.  We are seeing…

Paul Ausick |

GT Advanced Technologies Basks in Apple’s Glow

courtesy of Apple Inc.GT Advanced Technologies Inc. (NASDAQ: GTAT) has had its ups and downs over the past five years,…

Paul Ausick |

Apple May Build 5 Million Smartwatches a Month

Courtesy of Apple Inc.Now that Apple Inc. (NASDAQ: AAPL) has announced its HealthKit heart and health monitoring software and upgraded…

Global Mobile Payment Market Expected to Approach $800 Billion in 2017
Paul Ausick |

Global Mobile Payment Market Expected to Approach $800 Billion in 2017

The new (perhaps, last?) frontier for traditional retailers are mobile payment systems that let consumers wave or tap their smartphones…

Top Gaining Stocks

Akamai
AKAM • Vol: 21,556,944
Micron Technology
MU • Vol: 65,135,624
Intel
INTC • Vol: 227,504,426
Monster Beverage
MNST • Vol: 15,284,847
Dell Technologies
DELL • Vol: 12,167,525

Top Losing Stocks

Mettler Toledo International
MTD • Vol: 539,266
Motorola Solutions
MSI • Vol: 3,101,643
Expedia
EXPE • Vol: 4,189,786
Coterra Energy
CTRA • Vol: 73,319,495
Fidelity National Information Services
FIS • Vol: 11,468,820