Wozniak “totally wrong” about Apple acquisition
Retired Apple co-founder Steve Wozniak said he was “totally wrong” to suggest the iPhone maker had bought speech-recognition software maker Nuance Communications.
Nuance’s shares hit a two-year high on Tuesday, after TVDeck.com posted a video showing Wozniak saying Apple had bought Nuance. Both companies had declined to comment.
“I thought I’d read about it but obviously got it all wrong,” Wozniak told Reuters in an email, when asked what he meant.
Deutsche Bank analyst Nandan Amladi said the video appeared to be boosting Nuance’s shares, even as he dismissed the likelihood of such a deal.”Nuance licenses its technology to many vendors including competitors to Apple. By acquiring Nuance, its value goes down because its competitors would stop licensing Nuance,” he said.
On Monday, Nuance had posted better-than-expected fourth-quarter results, helped by strong revenue at its healthcare and mobile units.