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NCR's Nuti breaks it down for The Street
September 14, 2010
Bill Nuti, CEO ofNCR Corp.,tells investment pubThe Streetthat NCR is looking to India, China, Brazil and Russia as growth opportunities for its ATM business, and that its entertainment business is its fastest growing division, with about 7,000 DVD-rental kiosks now installed.
The DVD-rental market is worth about $8 billion annually and "will be here for a very long time," says Nuti, but NCR "need(s) to come up with a strategy to move more into online digital distribution," though it does offer kiosk digital download at select airports nationwide.
As a consumer-facing firm, Nuti says NCR sees "a very slow, somewhat volatile" recovery from the recession over the next 18 to 24 months. "We have a long way to go," he said.
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