Brent Thill, a Citi analyst, downgraded Nuance Communications Inc., which makes speech and imaging products because he stated that the share price is too high.  The stock has gained 92 percent year-to-date and is now approaching the $22 mark. Thill said the company’s performance reflects strong demand for its products, and he expects positive fourth-quarter results. What seems to have been overlooked in this whole downgrade is that fact that Thill pointed out in his note to clients,”Nuance remains a great story with a dominant competitive position in speech applications and double-digit organic growth.”  Furthermore he said, the stock price could continue to rise on speculation Microsoft or Cisco might buy the company for its speech technology.

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