Is it a good time to invest in RFID technology?
Financial media outlet TheStreet answered this question in an online posting recently. Among the evidence to proceed with caution:
RFID “pure plays” that have had a rough time include Applied Digital Solutions and Digital Angel – “each saw share prices drop over 40 percent since January,” said TheStreet. Furthermore, “Zebra Technologies and Intermec have experienced somewhat bumpy rides” this year.
“Despite the fact that RFID was proffered by some to usher in a new era of tech IPOs, VeriChip has lost over 30 percent since they went public earlier this year.”
Alien Technologies withdrew its IPO filings “because of market conditions.”
The good news?
The OTC-traded Axcess International “is up over 40% since January.”