One zealous billionaire stakeholder like Carl Icahn
makes you wonder who else is into Nuance Communications Inc. (NASDAQ:NUAN
), its numerous speech recognition products and its visionary mobile advertising format intended to allow people to “converse” with their favorite product brands.
One of the “first responders” to the unveiling of Nuance’s Voice Ads was Guru Carl Icahn
who made a new buy of 29,329,291 NUAN shares back in March when the stock price was around $19.50 per share. Since that time, Icahn remains the top stakeholder with 16.58% of shares outstanding. He continues to enlarge his position, increasing by 727.59% as of June 30, 50.27% as of Aug. 7, and most recently adding 2.84% to his position as of Aug. 29, 2013. Icahn now holds 52,437,750 shares. As of the end of second quarter, he averaged a loss of 4% on 31,547,631 shares bought at an average price of $19.84. Continue Reading »