Intercede Share Discussion Threads

[jailbird] 06/10/2008 07:49

well well, that trading update is superb, much better than i expected,cash generation of 686k!

The Directors are also pleased to report that the Company has generated a profit at both pre and post tax level during the period.


shame about the AI news, which may dampen the trading update in the short term.

[njp] 06/10/2008 07:22

Well, IGP have certainly come out firing. Nice strong statement from them.

[boadicea] 05/10/2008 23:53

Perhaps some here may remember the Cybersource action against RTD, again in USA. Appeared to be motivated by spite and proved groundless, I believe, being invalidated by prior art.

Unfortunately such actions cause diversion of management effort, uncertainty among customers (although that shouldn't be exaggerated as it doesn't necessarily stop roll-out of the product - it may just cream off profit if the challenge is successful) and, what is most important to a small company, defence (or in US "defense") can be very expensive and cause an interim crisis even if costs are eventually recovered.

[igoe104] 05/10/2008 15:03

I agree howdy, with lots of up-coming usa projects available frac etc, this could cause lots of problems, as soon as this is sorted out the better.

[howdydoda] 05/10/2008 14:58

Only just seen this. I don't know what the damage will be if any, but it ain't good news.

Having briefly investigated it looks like the the claim is clutching at straws and is no way to launch some kind of bid. The relationahip, if there was any, is now destroyed.

Biggest danger is prospective US clients put fresh orders on hold until the litigation is resolved.

It' just another kick when I'm down.

[igoe104] 05/10/2008 12:37

The problem is while we have this hanging over us, will it stop us winning future id card contracts ?

ps we need to see off this claim, lots to play for.


Biometric ID cards to be issued to 20 Million People

[pyman] 04/10/2008 22:29

Nice try but I m sure illegal . Id do it like that if I thought I could get away with it. I calculate 50% are in friendly hands so fairly bid proof unless its a good offer- then again AI can afford to make a pretty good offer! I must say if they offered me £1 now I d be tempted.

[topvest] 04/10/2008 15:05

Maybe they will! Subtle ploy to get the price down?

[pyman] 04/10/2008 11:47

AI should have just bid for IGP.

[wjccghcc] 04/10/2008 11:37

IGP have several patents for their technology and MyID precedes Actividentity's technology by several years - Actividentity were an original licensee and then did their own product when they weren't given exclusivity by IGP.

Given AI's stagnant growth, rapidly worsening competitive position vs IGP, the parachuting in of a new tough talking CEO in May and the fact that they released this as a press release without having yet filed the claim or approached IGP for any kind of settlement, it does appear to be more of a marketing ploy - I get the impression the company certainly views it this way. The only problem with AI is they have a lot of cash they can throw at this, although I'd be surprised if their long-suffering shareholders would be happy for the cashpile to be squandered if this drags on.

I'd expect IGP to rigorously defend this and wouldn't be surprised if they counterclaimed.

[jailbird] 03/10/2008 23:14

BOadicea,

that links put into perspective really.

these kind of suits are common and most of the time lead to nothing.


I thought IGP had patented their technology.

This competitive advantage has been reinforced by the award of US patent 7430773 to
Intercede on 4 March 2008; UK and EU patents having
already been obtained in previous periods. This patent for 'Secure Multipart Authorisation',
is critical to the securing of remote
registration and enrolment of identities on distributed workstations. Using this invention,
any remote workstation equipped with a smart
card reader can become a highly secure identity enrolment and smart card issuing station. In
particular this technology, unique to
Intercede, enables strong and legally binding auditing and non-repudiation of all management
functions undertaken by the operators of our
system. This enhances systems security and reduces exposure to fraudulent usage and is a
necessary requirement of large scale credential
systems such as national ID schemes or large corporate security projects.

A full production release of MyID Version 8.0 is now ready for shipping and a launch event
has been scheduled for 4 June 2008 in the
Washington DC area.

[boadicea] 03/10/2008 20:54

While I can find numerous third party references to the action, it is not (yet) listed on the Justia site -


EDIT: AI action is listing has now appeared -

[jailbird] 03/10/2008 11:56

WJ,

not sure i long this can drag on, but we do not need it to affect the cash resources.

I think we need the RNS to clarify what they have an issue with, whether viable or not. But i guess they will need to find this out before letting the mkt know as you stated.

[237gmoney] 03/10/2008 11:53

IGP need to quickly dispell this before the intergity of future orders or contracts become under any risk. A trading update maybe delayed now until this is cleared? A big shame.

[jailbird] 03/10/2008 11:43

well i hope you rught WJ,

if a RNS comes out, it may create a buying opp even lower.

But i certainly hope not...trading update must be on Monday now.

[wjccghcc] 03/10/2008 11:37

Spoken to the company. They've had no notification either from Actividentity or the California Court so haven't seen the details of any complaint or even confirmation that it's been filed.

They'll issue a statement if advised to do so but I expect they'll wait to see the complaint and take legal advice first.

They view the timing of the press release as "very interesting" given they're enjoying "unprecedented competitive success".

IMHO since Actividentity didn't even contact them first, it does seem as if the new CEO is resorting to any means to try and slow IGP's significant US progress.

Personally, I wouldn't be surprised to see the issue quietly dropped in a few months time ...

[pyman] 03/10/2008 11:01

activeidentity have 114$m cash and near cash on the balance sheet which means they have deep pockets for a long fight. Biz wise they debated returning to shareholders as of april; 2008 as a new board took on the mess. May be prelude to a bid? It would be a easy way of kickstarting their business:although a poor approach if retaining staff after the fact is important to them.

[igoe104] 03/10/2008 09:13

Down 13.5%

WE need a positive RNS from igp in response to this law-suit against them.

The problem with these things they can drag on for years, which could put investors off from investing, until its all cleared.

[wjccghcc] 03/10/2008 08:54

jailbird, I don't see it affecting their projects - it's quite a common occurrence in the software sector. By the timing, I suspect they're referring to the most recent MyID release which was only in June and so not used on any of the existing projects such as TWIC.

It seems more like a last-ditch attempt to slow down IGP's US progress. Ultimately it will probably show up Actividentity's shortcomings but in the short-term it's a paiin.

[igoe104] 03/10/2008 08:50

Not good news this could drag the price down, with this hanging around.

[jailbird] 03/10/2008 08:45

this is crazy as a trading update will come on Monday now I guess.

[jailbird] 03/10/2008 08:44

When RNS comes out here, it will fall further.

Looks like Active D can see IGP are a big threat to them in this area.

THis re-affirms that IGP are gonna do really well.
They are to stop them to achieving this

[jailbird] 03/10/2008 08:31

Wj,

this is not nice news is..i mean could this affect their projects if at all.?

Do not see a problem long term as Activeidentity are are trying win a losing case here.

totally agree with WJ here

[wjccghcc] 03/10/2008 00:04

Looks like Actividentity throwing their toys out of the pram. Their Q3 results were pretty lousy with revenues down 12% year on year and a loss of $7mm. They had only one HSPD-12 contract to report and the other new contracts were all strong authentication for banks and not ID cards. They also revised down their guidance from 10-20% growth to zero.

Interestingly enough, Actividentity were the first licensee for Intercede's MyID (or Edifice as it was called) several years ago. Apparently, they thought it was an exclusive license and so got upset when Intercede started licensing it to other companies. They then went there own way and developed a competing product. I always wondered why Intercede never sued them for patent infringement but I suppose they had better things to do with their time and money.

Given that Edifice/MyID precedes any Actividentity CMS product by several years, it will be interesting to see what patent infringement their lawyers have come up with. It seems more like an attempt to delay Intercede's encroachment on their turf.