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    Tech Stock in Focus; AuthenTec Review

    Tech Stock in Focus; AuthenTec Review

    AuthenTec Inc. (NASDAQ: AUTH), a provider of security, identity management and touch control technologies for personal computer, wireless device and information technology markets, earlier this month announced that its QuickSec VPN Client solution has been chosen by NEC Corp. for enterprise class security in its LifeTouch® NOTE models for business and LifeTouch Security Pack Android tablet models in Japan.

    Dr. Simon Blake-Wilson, vice president of Embedded Security Solutions at AuthenTec, said that the company’s collaboration with NEC expands on the growing number of Android platforms that use the QuickSec VPN solution.

    AuthenTec released its most recent quarterly results (Q2) back in August. The company reported second-quarter revenue of $16.2 million, representing an increase of 5% on a sequential basis. The company’s Smart Sensor revenue increased 5% on a sequential basis in the second quarter. The company reported GAAP net loss of $4.8 million, or $0.11 per share in the second quarter, compared with GAAP net loss of $5.6 million, or $0.13 per share reported for the same period in the previous year.

    Since reporting its second-quarter financial results last month, AuthenTec shares are up 31.03%, compared with a 5.75% decline for the NASDAQ. Year-to-date, the stock is up 48.43%, once again outperforming the NASDAQ, which has fallen 4.69% in the same period.

    While shares were positioned for a day of gains, rising in after-hours trading yesterday, the stock dropped 4% in today’s morning trade.