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Say Goodbye To The Bar Code
(Comtex Business Via Thomson Dialog NewsEdge)Feb 21, 2006 (financialwire.net via COMTEX) --February 21, 2006- (FinancialWire) Last year Wal-Mart (NYSE: WMT) began requiring suppliers to use radio frequency identification (RFID) to track inventory and prevent shrinkage in a move that is proving to be a harbinger things to come for the dynamic technology solution.
Competition among RFID chip and sensor manufacturers is already heating up with frontrunners like chip maker Texas Instruments (NYSEL TXN) and software supplier Computer Sciences Corp. (NYSE: CSC) leading a pack of savvy challengers that includes Intermec (NYSE: IN) and Avery Dennison (NYSE: AVY).
"While [Texas Instruments'] core business has been real-time signal processing with digital signal processors, or DSPs, and analog semiconductors, we're still actively innovating in the calculator market and other areas as well," stated TI president and CEO Rich Templeton in a company press release.
Poised to cash in on the rapid deployment of RFID technology, Texas Instruments' executives are trumpeting myriad of uses for the technology.
"We're the world's largest integrated manufacturer of radio frequency identification (RFID) transponders and reader systems, which are used in an ever-increasing range of applications from inventory tracking and authentication to temperature sensing and condition monitoring," Templeton added.
Critics are quick to point to the dangers of tagging humans with RFID tags, but acknowledge the expansive use of the technology is poised for rapid growth over the next few years according to published reports.
Texas Instruments shares fell 27 cents to close at $31.48 in trading on the New York Stock Exchange last week and the stock continued its decline in after-hours trading.
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