Out Fox The $treet

Updated - April 1, 2026 Snap was insanely cheap at $4. Not sold on selling off the Specs biz, but think an activist can push management to do more, such as hike subscription prices. Irenic appears more focused on taking $500M in savings from Specs and repurchasing cheap shares.  -Irenic, which has an economic interest of ~2.5% in Snap's Class A shares, wants the company to spin off or shutter its smart glasses business, Specs, according to a Bloomberg report on Tuesday, which cited a letter Irenic sent to Snap Chief Executive Officer and co-founder Evan Spiegel. The activist believes that moves Snap could make could boost its shares to more than $26 each. -The activist fund also wants Snap (SNAP) to rationalize its cost structure by cutting jobs and changing its compensation structure for employees, according to the report. Irenic also is pushing Snap to concentrate on adopting artificial intelligence to improve ad monetization. Irenic also recommends a stock buyback with the share...

After another weak quarter, Nuance Communications ( NASDAQ: NUAN     ) continues to hammer away on the current theme that the shift to on-demand and subscription services is hurting short-term revenues while increasing development costs. The shift is occurring due to customers moving toward cloud services and per use charges for health care and mobile transactions instead of one-time perpetual licenses. This move shifts revenue from up-front payments toward receiving the revenue over periods of two to three years. The maker of voice-recognition software most fondly known for Siri used in Apple products continues to underwhelm investors expecting better results and a quicker shift.The stock continues to plow toward new lows even with an exciting sector of developments for voice-recognition and natural-language software in the medical field and enterprise virtual assistants. The disruptive shift toward on-demand and subscription services isn't new, having alre...