AuthenTec Now Fingers Apple (AAPL, AUTC)
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