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Newswatch: Europe.
HANDHELD READER MAKER XIRING PREDICTS HIGHER SALES
France-based Gemalto has sold its 17% stake in smart card reader maker Xiring of France, eliminating what the companies called a potential conflict of interest following Gemalto's creation last year by the merger of Gemplus International and Axalto. Xiring, which mainly makes handheld readers to secure home banking, as well as desktop and other readers for France's Sesam-Vitale health smart card, found itself potentially competing with its own shareholders following the merger-since Gemplus has introduced a handheld-reader product for use with banking smart cards and a reader for Sesam-Vitale. About 15 investors bought Gemalto's nearly 528,000 shares in Xiring for …
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