The stock price of Nuance Communications Inc. (NASDAQ:NUAN) is up by 6 percent today after activist investor, Carl Icahn revealed a 9.3 percent passive stake in the company. Nuance Communications Inc. (NASDAQ:NUAN) develops speech-recognition and digital imaging software. The company’s speech recognition technology is used by Apple Inc. (NASDAQ:AAPL)’s in the iPhone devices for the Siri voice feature. Tom Roderick, analyst at Stifel Nicolaus & Co believed that Carl Icahn might push to split the company. According to him, the stock value of Nuance Communications Inc. (NASDAQ:NUAN) declined significantly after lowering its earnings and sales expectations due to changing demand…
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