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Baron Funds Comments on MICROS Systems Inc.

December 14, 2012 | About:
Holly LaFon

Holly LaFon

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Shares of technology systems provider MICROS Systems, Inc. (MCRS) fell 4.0% in the third quarter due to uncertainty around how iPads could impact sales of point-of-sale (POS) terminals.We believe that MICROS Systems's proprietary hardware offers restaurant customers key advantages, including durability, extended useful life, and best-in-class support. We view iPads as a feasible solution only at the low end of the POS market. MICROS Systems's proprietary software and services are hardware-agnostic, so customers can purchase licenses regardless of the POS terminal being used. (Neal Rosenberg)

From Baron Funds’ third quarter 2012 letter.


Rating: 3.5/5 (4 votes)

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