From NCR's (ticker: NCR) Q4 2005 earnings results conference call last week:
Bill Nuti, President and Chief Executive Officer:
Expansion in China is still hampered by the increased regulatory scrutiny as banks go through the process to become publicly traded entities.
In spite of these challenges, we are selling lots of ATMs (automated teller machines), our manufacturing facilities continue to be very busy producing the volume of ATMs needed. On a relative basis, we don’t expect much year over year growth in this business in 2006. However, the end of this year should be stronger as we expect spending for Check 21 to accelerate.
We have just received some RFPs (request for proposal) from China, which is, I characterize it as a good sign in light of the fact that last year certainly was a challenging year for us in that area.
Full conference call transcript here.
Related: NCR announced a deal with Bank of China Friday for the sale of ATMs.
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