VeriFone chief executive Douglas Bergeron confirmed that view at an analysts' conference call this morning. He noted that Lipman is strong in the big emerging markets of China, India, Turkey, and Brazil, and certain Western European countries, especially the United Kingdom, Italy, and Spain. San Jose, Calif.-based VeriFone, meanwhile, is strongest in its home country and has a considerable presence in Mexico, the Caribbean, Eastern Europe, and Southeast Asia. "We are very complementary in our market penetrations," he said. Bergeron also noted that while VeriFone has been devoting considerable resources to developing its own wireless payment products, the acquisition of Lipman would give VeriFone the leading wireless terminal supplier in the U.S. and elsewhere. "Everywhere they compete, they have the leading share of the wireless installed base," he said. Lipman also may enhance VeriFone's relationships with independent sales organizations.