by Art Gillis
The entire contents of Automation in Banking - 2006 (now in update mode) reside on my PC. Where else? In addition, there's a bit of "push technology" in my schema that monitors on line activity and yells at me when it detects an alert. So today, it told me that Fiserv's stock price dropped enough to put it in the red from April 2005's price. By only a few cents, however, but that's what our digital world is all about. That alerted me to look at the list of public companies included in the report. There are 23 companies listed but only 13 are 100% dedicated to bank technology. And while I'm throwing out caveats, I readily admit that I know nothing about investing, and l outsource that function to the professionals. Inclusion of the fictitious Automation in Banking Stock Fund is purely for fun. Here are the reds as of today's prices compared to last April's.
BroadVision -69% TSYS -18.9% Computer Services, Inc. -17.7% BISYS -9.4% Fifth Third Bank -9% John Harland -2% Fiserv -nil
Fidelity National Information Services is down 6.5%, but remember, that's as of a new listing which appeared just this month. And remember, four of the above companies have very little to do with bank technology. Were there any winners? You betcha:
Digital Insight 95% ORCC 46% CheckFree 38% Open Solutions 33% Jack Henry 23%