Plantronics, Inc. (PLT), Premiere Global Services, Inc. (PGI): You Can Bank on These Electronics and Software Companies

Previously, I had blogged about NCR Corporation (NYSE:NCR)‘s  expansion into new end markets with its self-service technologies (see blog). However, NCR Corporation (NYSE:NCR)’s bottom line could well also benefit from ongoing heightened demand for its core financial institution business (ATMs). It sees a sales increase in that division this year of 2% to 4% from that, its largest, segment. This indicates that banks have loosened their capital spending budgets further, and that its deposit-enabled product launches are being received well.

Combined with likely better-than-20% growth in sales to the hospitality (hotels etc.) market, and a favorable impact from the acquisition of retail self-checkout systems software company Retalix Limited (NASDAQ:RTLX), NCR Corporation (NYSE:NCR) is in store for a decent year. In fact, share earnings are apt to rise about 10% in 2013. I reiterate, also, that NCR Corporation (NYSE:NCR) is a good long-term holding, based on an enhanced presence in untapped industries, restaurants and cinemas for starters.

Final notes

Plantronics has a mobile-products unit that should help to support profit gains behind sales of Bluetooth products for use with phones. The company invests around 10% of sales in R&D, a factor that should help it over the long run. Premiere Global Services, Inc. (NYSE:PGI) is somewhat more of a risk than the other two stocks mentioned here, due partly to it being a small-cap, more single-focused company. NCR Corporation (NYSE:NCR) is seeing a resurgence in traditional product lines, but is also relying on new avenues of growth for the long term.

Damon Churchwell has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Damon is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

The article You Can Bank on These Electronics and Software Companies originally appeared on Fool.com is written by Damon Churchwell.

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