RegardingID Archive | Gemalto may change Wavecom bid

Monday, December 1, 2008

Gemalto has informed the French Financial Markets Authority (AMF) of its intent to withdraw its offer for Wavecom or to adjust the terms of its offer. Wavecom is a provider of embedded wireless technology for machine-to-machine communication.

Wavecom views Gemalto’s bid as hostile and its board of director’s has recommended not selling its securities to Gemalto. The company has called for a shareholder’s meeting on Dec. 8 to discuss Gemalto’s offer.

If Wavecom makes any changes, such as increasing its share capital or paying an exceptional dividend, Gemalto could drop out of the deal, the company states.

Gemalto thinks 'BIG', wins BearingPoint innovation management award

Gemalto has won the BearingPoint innovation management award – the Agile Innovation Award – for its think tank initiative Business Innovation Garage (BIG).

BIG provides Gemalto’s 10,000 employees company-wide with a structured process to submit and manage any innovative ideas they have. Ideas covering range of fields – from communication, payment, transport, Internet access, and machine-to-machine application – are systematically challenged, audited, developed and eventually selectively turned into incubation cells.

Report: POS terminals on the cusp of change

The point-of-sale terminal has entered a period of dramatic change, according to the latest report release by the Mercator Advisory Group. And the next few years in the industry promise to be a period of even greater change and development than the last.

Gemalto preps for large-scale EMV deployment in France

Credit Agricole, a retail banking group based in Paris, is teaming up with Gemalto to launch a large-scale deployment of contactless EMV banking cards in France.

Gemalto acquires M2M provider ServiceLogic

Gemalto announced it has acquired M2M service provider SensorLogic in an asset arrangement. Terms of the deal were not disclosed.

Plano, Texas-based SensorLogic has a cloud-based machine-to-machine (M2M) service delivery platform. With it, customers can build, deploy and manage M2M products through applications like asset tracking, servicing and telematics and equipment monitoring.

Quantum cryptography could be the real deal for smart phone security

Using smart phones for online banking and shopping has been promoted as the next big thing, but adoption has been slow, partly due to the fact that smart phones have security issues. Scientific American reports that this might change with the development of quantum cryptography.

Gemalto provides EMV services to Diners Club Spain

Diners Club Spain has chosen Gemalto to help it migrate to EMV in 2012. In this effort, Gemalto is providing consulting and personalization services to Diners Club Spain.

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Gemalto may change Wavecom bid