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Wozniak: I was wrong about Apple acquisition of Nuance

updated 04:55 am EST, Wed November 24, 2010

Nuance shares rise then fall slightly on report

Apple co-founder Steve Wozniak has said that he was "totally wrong" about an apparent acquisition of Nuance Communications by Apple according to a report. Nuance specializes in speech-recognition technology and could potentially be a target for acquisition by Apple as voice-to-text functionality has started to feature on competing handsets such as the LG Optimus 7. In an e-mail to Reuters Wozniak wrote "I thought I'd read about it but obviously got it all wrong".

Nuance shares spiked to a two year high after a video of Wozniak making the claim was posted by TVDeck.com. After hitting a peak of $19.19 on Tuesday, Nuance shares shed 3.5 per cent to $17.72 after Wozniak retracted his claim.

Nuance currently licenses its technology to a number of Apple's competitors. Much of its inherent value as a company would be lost in any acquisition by Apple as it would stop the income stream coming from licensing Nuance's IP.

However, Apple and other companies like Microsoft have been known to acquire companies and shutter them without any signs of their IP appearing in their shipping products simply to stifle competition.



By Electronista Staff
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  1. Foe Hammer

    Fresh-Faced Recruit

    Joined: Feb 2005

    +13

    What's Up With All Woz Gaffs Lately?

    Woz, man, take it easy! Even easier if you can.

  1. svencito

    Fresh-Faced Recruit

    Joined: Dec 1999

    0

    Who cares what Woz says anyway!?

    He missed out being on the company of his lifetime and seems to desperately try to get some attention out of it. Just sad...

  1. jdsonice@gmail.com

    Fresh-Faced Recruit

    Joined: Oct 2009

    -1

    Woz? Whats up man?

    I wonder what is going on with Woz? He is not old enough to go senile yet? Right?

    First that silly comment about Android and now this?

    Well actually I don't mind this one since I own shares in Nuance but jeez man stop talking to the press before you cause some serious damage.

    Relax, enjoy your retirement and millions have a milkshake and stay away from technology.

  1. JuanGuapo

    Fresh-Faced Recruit

    Joined: Jan 2008

    -1

    I like Woz, but...

    ...lately he acts more like a Fanboy with tourette syndrome than a respectable engineer and co-founder of a large technology company.

    Comment buried. Show
  1. fhurfhgj

    Fresh-Faced Recruit

    Joined: Nov 2010

    -22

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  1. Herod

    Fresh-Faced Recruit

    Joined: Jun 2007

    -1

    Woz

    get a publicist or something.

  1. LouZer

    Fresh-Faced Recruit

    Joined: Nov 2000

    +1

    Re: Woz

    get a publicist or something.

    For what? He made a comment about some takeover he thought he read about. h***, who knows, maybe he did read about such a thing, or thought it read one vs. the other.

    You all make it sound like he held some kind of conference to discuss Apple's takeover of said company and it's implications as a whole. The real question is why it would have any sway at all with the markets or the news, since he isn't privy to any insider information and releasing such information would be considered a 'bad thing'.

  1. LouZer

    Fresh-Faced Recruit

    Joined: Nov 2000

    +3

    Re: I like Woz, but...


    ...lately he acts more like a Fanboy with tourette syndrome than a respectable engineer and co-founder of a large technology company.


    No, he actually acts like a respectable engineer. He gives his opinion on matters, regardless of whether it is pro or anti apple. A Fanboy would be sitting back saying "Go Apple! Android sucks! Apple is the greatest ever! All competitors steal Apple ideas and make fugly alternatives!" You know, like most of the people on these boards.

  1. LouZer

    Fresh-Faced Recruit

    Joined: Nov 2000

    +4

    Re: Who cares what Woz says anyway!?

    He missed out being on the company of his lifetime and seems to desperately try to get some attention out of it. Just sad...

    Missed out? He left for health reasons (the whole plane accident deal). And hasn't said one word that implied he wanted back in. He's probably had a better life than Jobs, since Woz seems like someone who does what he likes to do and knows how to have fun. Where Steve just seems driven to prove he's better than Bill Gates or something.

    Oh, and you could have said the same thing back in the mid-90s about Jobs, as he was still living on his laurels at Apple while trying to get someone, anyone, to believe that NeXT was the computer/OS people should be using.

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