Could a 5-cent RFID tag become a reality? Yes, according to Stav Prodromou, Alien Technology's chairman and CEO. Alien last week dropped the price 44% for its Class 1 RFID labels to 12.9 cents.

Last week, I sat down with Prodromou at the EPCglobal U.S. Conference 2005 in Atlanta. In this podcast, we talked about the state of the RFID industry and how it's inching toward the 5-cent tag. Later in the conversation, I also asked Prodromou if there's an initial public offering in the privately held company's future.