Although not a major player in the domestic market, Maxtor is a strong brand with high quality. We are doing good numbers and don't view this development as negative in any way. I don't see the channel attracting any major changes.
More Quotes from George Thomas:
If our competitors want to do the same things, they really have to become payment system operators. They'd have to integrate it in-house and then get approval from the Fed to do settlement, and that's a big step.George Thomas
The fact that the number of daily items in the first quarter of 2006 significantly exceeded the total for all of 2005 indicates the strength with which financial institutions are embracing the Image Payments Network. We expect the current growth rates to continue and anticipate the total number of check images to surpass 60 million a month by the end of 2006.
George Thomas
The government is taking SOA seriously. We have been for two years. There seems to be a serious convergence of ideas and commercial momentum.
George Thomas
I know of no other such feature in America, and have only seen it a few times in the very greatest houses of Britain, notably Robert Adam's Kedleston,
George Thomas
Check image volume in the Image Payment Network is growing rapidly because participating financial institutions are quickly recognizing the system's enormous potential for cost reduction and improved efficiencies. In January, the Image Payments Network set two records for volume and one for total dollars, and we expect that growth rate to continue for the foreseeable future.
George Thomas
The outlook for first quarter 2006 has been steadily improving and we are now seeing less than normal industry seasonality impact in our business.
George Thomas
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