NCR Joins Forces with Modell's - Analyst Blog
01 Mars 2013 - 5:46PM
Zacks
More companies are collaborating with NCR
Corporation (NCR) to strengthen their technological base
and enhance the end-user experience. Recently, NCR agreed to
provide retail technology and services to Modell’s Sporting Goods
chain.
As per the terms of this agreement, Modell’s is expected to
deploy around 1,000 of the industry-leading NCR RealPOS 82XRT
point-of-sale (POS) terminals. Moreover, NCR will give an add-on
facility to Modell’s which includes services and support for the
implemented technology over a multi-year period.
Modell’s selected NCR to support its strategy of enhancing
customer service experience. The latter will likely boost customers
experience by offering a fast check-out experience coupled with
many offers at the point of sale.
NCR’s services will help Modell’s capitalize on its environment
and improve customer experience. Modell’s has earmarked the second
quarter of this fiscal year to deploy the Real POS terminal.
NCR has been constantly inking new deals, which are expected to
help the company going forward. A couple of weeks back, NCR agreed
to provide support to eBay Inc. (EBAY) to expand
its mobile payment business, PayPal. As per the terms of this
agreement, the PayPal mobile service will be integrated into NCR's
POS technology, enabling customers to pay their bills at
restaurants using a smartphone.
Additionally, PayPal’s mobile payment options will be integrated
into a couple other NCR products, including the Convenience-Go
(C-Go) app for gas stations and convenience stores. This will allow
shoppers to buy fuel and food, and pay for car washes using their
smartphones.
The company is making every effort to diversify its portfolio
and improve profitability. Although the restructuring initiatives
have begun impacting results and demand is picking up, we believe
that it will take some more time to have a meaningful impact on
results.
We remain highly positive about NCR’s broad exposure in the ATM
space although we recognize the competition from players like
Diebold Inc. (DBD) and Wincor Nixdorf.
Currently, NCR Corp. has a Zacks Rank #2 (Buy). Investors can
also consider other technology stocks such as Symantec
Corp. (SYMC), which carries a Zacks Rank #1 (Strong Buy),
and CA Inc. (CA), which has a Zacks Rank #2
(Buy).
CA INC (CA): Free Stock Analysis Report
DIEBOLD INC (DBD): Free Stock Analysis Report
EBAY INC (EBAY): Free Stock Analysis Report
NCR CORP-NEW (NCR): Free Stock Analysis Report
SYMANTEC CORP (SYMC): Free Stock Analysis Report
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