Nuance Communications Up on Takeover Talk, Options See Action

HFA Padded
Mark Melin
Published on
Updated on
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Is Carl Icahn finally having his way with Nuance Communications Inc. (NASDAQ:NUAN), the company that is said to be the brain behind Apple Inc. (NASDAQ:AAPL)’s Siri voice recognition system? After appointing son to board, Icahn is optimistic Nuance Communications Inc. (NASDAQ:NUAN) is up significantly today amid brisk volume on takeover talk. ValueWalk reported when Icahn upped his stake from 9 percent to 16 percent in August of 2013 and Tabinda Hussain wondered out loud if Icahn was planning a coup. Then in December 2013 ValueWalk reported Icahn upped his stake, adding 50,000 shares and buying on a relative drawdown at $14.2 per…

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HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.