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[igoe104] 19/11/2007 18:30

WOULD be a boast if the real id project kicks off next year starting in new york. 3 other states should follow soon after, it will involve millions.

[igoe104] 19/11/2007 09:21

I heard over a year ago the final estimate for the twic project could be over 8 million. folks don,t realise it not just port users who will need them, its anyway who has to go into the port area.

[237gmoney] 19/11/2007 09:09

South Africa ID card....worth going for Mr Parris??? Im sure Gemalto would be up for this one???

[wjccghcc] 18/11/2007 23:46

237, I was extrapolating the figures for those two ports which may not be completely representative of the others, but it bodes well for IGP.

[237gmoney] 18/11/2007 21:49

i knew the total TWIC cards were underestimated but wasnt expecting it by so much.....WJ if what you say is right....4m cards is double the companies entire production to date in their history and this is just one project. I thought 1.5m was more the right figure with IT possibly rising to 2m as people come an go......people lose them an so on.....

The delay in the readers have nothing to do with IGP and do not affect the card rollout. I expect the readers will be out quicker than they say because 2 years from now is only one year from the end of the card rollout.

Hopefully IGP will give us an indication of how many cards they have done so far with H1 results and how many they estimate they will do before end H2....

[accumulat0r] 18/11/2007 20:23

Ah, thanks WJCCGHCC. (IGP not involved with readers.)

[wjccghcc] 18/11/2007 19:05

What the oversight committee were complaining about is that while the cards rollout (currently underway) should be completed by Dec 2008, the card readers will not start their rollout for 2 years, making the cards less useful. IGP's involvement is with the card issuance and management - not the readers.

[carly2] 18/11/2007 18:24

Hi all,
Does anyone know the level of rollout of the hspd contracts that igp and interested in. I did google the dept homeland security - and I think it's rollout was very slow and roundly criticized - I hope we're not involved with them!!
Best wishes all holders

[jailbird] 18/11/2007 14:04

"The department's inability to successfully project the correct number of workers is compounded by the fact that the TWIC readers are years away from installation," Thompson said in his opening statement. "Without the readers, a TWIC is merely a flash pass that can be fraudulently duplicated and misused."

Loretta Sanchez, chairwoman of the subcommittee on border, maritime and global counterterrorism, said that waiting for two years to start rolling out readers raises the risk of counterfeit cards being used by some to gain access to restricted areas.

Even though it puts in place some controls in place, but does it not defeat the object of security..the whole idea this process has been implemented in the first place.

[accumulat0r] 18/11/2007 13:50

I also was unsure about what to make of the TWIC readers being "years away from installation". Whilst the readers form part of the complete identity management system, I suppose their cost must be secondary to the main earner, which is the actual TWIC cards themselves.

Here's the full Computerworld article:

[boadicea] 18/11/2007 13:42

What is the basic cause of the understatement of numbers?
If it's because all transport workers (truck-drivers etc) requiring access to the docks need to hold a card, then it could be that (unless they require a separate card for each dock site) there will be duplication in the total number for each site - i.e. drivers will need only one authentication to cover all sites they need to visit. (Or perhaps I've totally misunderstood the situation!)

[jailbird] 18/11/2007 12:41

WJ,

i think ram may have referring to as i was thinking to the lst paragraph...
i guess that does not affect the rollout of the program?

However the underestimate is excellent news.

[wjccghcc] 18/11/2007 09:55

If those two ports require 475k TWIC cards instead of the projected 90k, then extrapolating that to the whole program gives 4 million cards instead of the originally projected 750k.

[rambutan2] 17/11/2007 21:59

yes, not sure if that's good news or bad news!

noticed that verisign were up 8% this week, one of the top three nasdaq risers...

[4graham] 16/11/2007 23:27

Yes very interesting WJ.

Lets hope we gets some news soon, my portfolio needs a boost.

[wjccghcc] 16/11/2007 23:21

This is interesting re: TWIC. Looks like the 850k initial estimate is going to be way too low if just these two ports will need 475k!


"Bennie Thompson, the chairman of the Committee on Homeland Security blasted the TSA for only just starting to roll out a program that had been mandated as long as five years ago. He also faulted the agency for significantly underestimating the number of workers at several ports who would need to get a TWIC. "The Department estimated that 30,000 workers would need to get a TWIC [card] in the Port of Houston. According to the Port of Houston, the real number is closer to 350,000," Thompson said, Similarly, the department's estimate of the number of workers at the Port of New York and New Jersey was just over 60,000, which the actual number was closer to 125,000.

"The Department's inability to successfully project the correct number of workers is compounded by the fact that the TWIC readers are years away from installation," Thompson said in his opening statement. "Without the readers, a TWIC is merely a flash pass that can be fraudulently duplicated and misused," he said."

[pyman] 15/11/2007 15:11

very hard up but these are my christmas pressie to myself - hoping for a hold above 35 for chartist peace of mind

[igoe104] 15/11/2007 11:08

I cant understand some folks. you know results are around the corner, so are alot of positive annoucements, so why sell now.
MUST BE HARD UP AND NEED THE CASH FOR CHRISTMAS.

[237gmoney] 15/11/2007 11:04

Well that was short lived then....normal service resumes...

[igoe104] 14/11/2007 15:18

ONLY just noticed intercede are making the headlines in china now. but its nothing we don,t know.

[igoe104] 14/11/2007 14:36

Dont think it will be quiet for long, if that rumour happens.

[237gmoney] 14/11/2007 14:24

So its all gone quiet again......the fact that the recent rise is down to rumors of a link to the UK government ID cards for migrants rather than the oracle news or the HSPD12 project or even the updated news that TWIC has finally kicked off goes to show you news of the other projects has not yet filtered through to the UK market.....ok TWIC & HSPD12 are big in the US but the UK does not care about these projects and only what the balance sheet says.....

When the results come out after we have already had the H1 update, there is more scope to improve still when we finally get some idea on how the other projects are affecting the company.....and hopefully some oracle projects to come....

[jailbird] 14/11/2007 10:29

it is all in the news of the bbc front page.

[237gmoney] 14/11/2007 09:02

Great find Rivaldo.....agree totally with you there igoe, at only £14m mkt cap, the UK ID card could bring in that and more in revenue alone not too mention all the other projects were on.