Carl Icahn buys stake in NUANCE COMMUNICATIONS INC.(NASDAQ:NUAN) – DELL, SF

Boston, MA 04/03/2013 (wallstreetpr) – The NUANCE COMMUNICATIONS INC.(NASDAQ:NUAN). which is a maker of the softwares which can recognize speech rose is trying to extend trading the last day after the billionaire investor Carl Icahn has already disclosed some 9.3 percent of the passive stake in the company. This made the share to grow up as much as about 9.8 percent. This leads to increase the share prices to about 22.15 dollars after the company disclosed about the stake in the regulatory filing the day before. Icahn uses this shareholding technique so as to seek some changes in the companies which he deems as ill-managed or the undervalued one. He has also recently set his focus on disrupting on some of the other parties’ investments also.

These parties include the Silver Lake Technology Management, L.L.C plan to take the control over the Dell Inc. (NASDAQ:DELL) and rebel investor Carl Icahn may also seek to break up some of the company said an analyst at the Stifel Financial Corp. (NYSE:SF). Tom Roderick in the city of Chicago. Naunce also commented in the month of February that the transcription volume is also falling as some of the health- industry customers so as to shift some of the electronic medical records and the new software which is from Medical speech to text. This is also known as the Dragon Medical speech-to-text software.

A contraction in some of the markets of the computers and laptops has also exacerbated as some corporate customers who awaited Microsoft corporation’s new windows 8 operating system also gave its hand in the reduction of the forecast. Moreover, the economic weakness also crimped in the continent of the Europe as well.Icahn who is 77 years old has said that the Silver lake’s plan really undervalues Dell. He also have took some stake in the Herbalife Ltd after the investor who was William Ackman said that he made about a 1 billion dollar bet that the stock would surely fall.

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Published by Ruchi Gupta

Swati Goyal has over 6 years of experience in financial research & analysis domain. She has built financial models varying from consumer goods to banks. She has her articles published in leading dailies of the nation

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