Monday, May 9, 2011

Nuance Communications Jumps On Apple Rumor

Nuance Communications, Inc. (NASDAQ: NUAN) jumped more than 13% Monday on speculation that the company could be acquired by Apple Inc. (NASDAQ: AAPL). Nuance is the recognized global leader in speech recognition technology (and patents) and importantly provides the speech recognition capabilities behind the Siri Artificial Intelligence application that Apple purchased last year. On Friday, TechCrunch, Apple is significant negotiations with Nuance to either licence the software or even an acquisition of the company. Stay tuned for more.

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