|
|
|
ONLINE FEATURES
Book Reviews
BW Video
Columnists
Interactive Gallery
Newsletters
Past Covers
Philanthropy
Podcasts
Special Reports
BLOGS
The Auto Beat
Byte of the Apple
Europe Insight
Eye on Asia
Getting In
Investing Insights
The New Entrepreneur
NEXT: Innovation Tools & Trends
On Media
Technology at Work
The Tech Beat
Traveler's Check
TECHNOLOGY
Product Reviews
Tech Stats
Hands On
AUTOS
Home Page
Auto Reviews
Car Care & Safety
INNOVATION
& DESIGN Home Page Architecture Brand Equity Auto Design Game Room SMALLBIZ Smart Answers Success Stories Today's Tip FINANCE Investing: Europe Annual Reports Bloomberg BW50 SCOREBOARDS Hot Growth Companies: 2008 Mutual Funds Info Tech 100 B-SCHOOLS Undergrad Programs Rankings & Profiles |  |
FEBRUARY 13, 2006
Watch It, Counterfeiters  Counterfeiting is a worry not only with banknotes and documents but also with products such as airplane parts. And a beneficiary in the fight against such crime is Document Security Systems (DMC
), whose shares shot up from 8 in September to 13.53 on Feb. 1. This tiny outfit owns patented technology that could be "one of the best solutions to the growing problem," says Otis Bradley of Gilford Securities. Boeing (BA
), for example, stamps its components with Document forms that certify their authenticity. Bradley figures sales could triple, to $6 million, in 2006. In 2007, he sees Document making money on sales of $10 million. "We expect to get other industries -- from pharmaceuticals to carmakers -- using our products," says CEO Patrick White. The company has developed "security paper" that, he says, can't be copied or scanned without revealing warning codes on the copies. Boise Cascade sells the paper in North America, while Australia's PaperlinX (PPXLF
), the world's largest paper distributor, will market it elsewhere. For packages, Document has the technology to embed hidden authentication words, images, or bar codes that can be detected by handheld readers. White is in talks with General Motors (GM
) and Bacardi, among others, for possible contracts. Robert Girards of Ergonomics Group, which owns a 5% stake, says the stock is greatly undervalued.
Note: Unless otherwise noted, neither the sources cited in Inside Wall Street nor their firms hold positions in the stocks under discussion. Similarly, they have no investment banking or other financial relationships with them.  By Gene G. Marcial Get BusinessWeek directly on your desktop with our RSS feeds.  Add BusinessWeek news to your Web site with our headline feed. Click to buy an e-print or reprint of a BusinessWeek or BusinessWeek Online story or video. To subscribe online to BusinessWeek magazine, please click here. Learn more, go to the BusinessWeekOnline home page  | | |
 Copyright 2006, Bloomberg L.P.Terms of Use | Privacy Notice |
Printer-Friendly Version