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Keep in mind that this PR was NOT put out by Wave. It was put out by a billion dollar company, latching on to Wave and two other companies, who are also very big companies in their own right.
Wave must have something for these guys talking about Wave in the same breath as the other companies.
WOW!! Everyone should click on this link and see the future.
http://shop.lenovo.com/us/en/accessories/software/enterprise/wave/#tab-features
You said: His job as chief of staff at Wave, is NOT to go after military contracts...
And how do you know this???
player, he has been gone for a couple of months now
You said: His job as chief of staff at Wave, is NOT to go after military contracts...
And how do you know this???
You said:
Left unanswered though, was my question about what, if anything, do you do if the Q3 report includes nothing good and some bad things?
Why do you want to continue to speculate? Apparently you can not wait until Q3 results come out.
If they are bad I will comment then. Why speculate now? or do you just want to keep this going until the numbers come out?
Can't you wait?
You said: The new CEO said we would start to see signs of a turnaround in Q3.
See Blue, you make facts up when it suits you.
Solms said 3-5 quarters, not Q3 and yes, I think you will see a turn around in Q3. All you have to do is sit back and wait a few more weeks, but no, you insist on keep bring up things as YOU see them, not the facts as posted.
My time frame for good things to happen are between now and the Q3 report. (Good things in the Q3 report)
I have the patience to wait, but apparently you don't.
Instead of talking about "no Sales", that you repeat in every post, for the past month, can't you wait 3-4 more weeks to see the FACTS of what the real sales are? Is that to much to ask?
Repeating post after post of no sales is really ludicrous. If you wait, you will find out soon enough.
Got it from Wave
The cash is nice and equally important is that they were burning ~$800k in cash annually that is now off the books
Hi Alea,
It's just my opinion, but I think you will see a lot of demand for the VSC starting this month, that started with the Government that has national security issues.
It's finally going to be fun to own Wave again (like 2000) if Bill pulls this off.
I know nothing is guaranteed, but I like what Bill and his team is doing.
If the demand is there, which I think it is, the future looks bright for Wave.
YOU SAID:
You think salvation is already here and success is guaranteed
Why do you always say things are you can not prove. Please show where your statement above is anything I have said.
You seem to think that what you say (your opinion) is actually fact when in fact most of what you say is not fact but opinions.
Over the years is gone, finished.
You said: No, this announcement is not mashed potatoes, but it isn't revenue either.
Oh, is that right? So you know that Wave just GAVE the VSC free to the Goverment, for a group that has National Security interests, and Wave gave it to them FREE, at no cost, no revenues for Wave? How can you even say such a thing?
So it's only a Potential, not revenues, now I see.
You also said: How many follow-on sales has Wave had? Our only perspective is during the Sprague years. This is not the Sprague years anymore, it is the Solms & team company now.
You did not address the logic behind the FACT that there are DOZENS of pilots going on as we speak. Do you think they will get zero revenues out of these pilots? Does your logic say yes, because of the Sprague years, that are in the past?
You said: If there was a good product available, it would be selling.
What do you call the sale to the Government Thursday, mash potatoes?
There are DOZENS of pilots going on as we speak. Do think Wave will get shut out on every one of the pilots? Does that fit your logic?
I think you are about to see many more sales this quarter.
You said: This one little sale in a year suggests to me, either the product simply is not marketable
RIGHT, that is why the U.S. Government bought it for a division of a National Security organization.
I don't believe Solms holds back. I believe he releases what he can when he can.
This guy is a straight shooter. He is not the type to play games as management did in the past.
I think you will see even more of his credibility come forward between now and the end of the year.
It does not matter what the revenue is on this deal, it is the deal itself that is going to lead to other deals.
I am sure you read that there are dozens of pilots in the works. Dozens mean to me more than two. If Wave only closes 30% of the pilots your sky will never fall.
You said: I can smell the fear in the air. I don't know what air you are smelling, but I smell success in the air from the real deal: Bill & his team.
Again, you look back at Wave's past and think this is still the same old Wave. This is not the Wave that you know, this is something else entirely.
But you are not a shareholder so I guess you really don't care if Wave is successful or not. It's just fun to speculate on Wave's shortfall.
Those days are over, the past is over, today was a new beginning for Wave.
You said: "Wave calls the amount "modest." It must be mighty small, I'm guessing.
What you don't understand is this is a Federal agency for National Security. Best you read the release again.
And don't forget, Solms has money in the game.
Wave has entered into dozens of pilot deployments in multiple sectors, including healthcare, financial services, automotive, energy and utilities.
player there are those that say every thing I say is wrong.
Blue says we will below 4.5 million for Q3.
Here is my prediction and please, post this post after the Q3 numbers come out.
I say that we will beat Q2 and we will also beat your 10%. So, I am saying we will be over 5 million for the quarter. All in my opinion of course, same as Blue.
Don't forget to post this one way or the other after Q3 results come out.
Thanks
it is that Solms said it would close in August.
He never said that. You are making that up.
For those of you that like accuracy and facts, please read the following:
Enough with calling out Solms on any missed announcement
Lee, MA -
July 31, 2014 -
Wave Systems Corp. (NASDAQ: WAVX) announced it is partnering with chip lifecycle management solutions company, Bell ID, to offer a joint solution aimed at reducing online payment fraud. The solution will be marketed primarily to card issuing banks, as well as online merchants, governments, and enterprises worldwide.
Using Bell ID’s Trusted Service Manager and Secure Element in The Cloud (SEiTC) server, alongside Wave’s ERAS for TPM management and Wave’s endpoint identity and monitoring expertise, the combined offering provides robust protection for transactions and stored payments. The companies have executed a letter of intent and anticipate the signing of a definitive agreement in August.
The incident rate of card-not-present (CNP) fraud has been growing steadily over the past several years. According to a recent FICO Banking Analytics Blog, CNP fraud now accounts for close to half of all credit card fraud. Countries that have already adopted the EMV® card specification have seen CNP fraud rates increase. In the United States, CNP fraud is expected to rise significantly over the next eighteen months, as the EMV standard is put into effect. The EMV directive, which implements a global standard for a secure chip-based payment application, will make merchants liable for any fraud resulting from transactions on systems that are not EMV-capable.
“Wave’s robust product portfolio is very complementary to Bell ID’s strongly positioned solution set in the financial services market,” said Bill Solms, CEO, Wave Systems. “We see the EMV transition creating high demand for more secure transaction capabilities, and are confident that together we can provide financial institutions with a comprehensive solution for payment authorization and storage.”
“Bell ID has been a pioneer in developing and delivering cloud-based payment platforms,” adds Pat Curran, Executive Chairman at Bell ID. “We also have extensive experience in delivering EMV solutions globally and have witnessed fraud transition online as point-of-sale terminals in face-to-face transactions become more secure. We are therefore delighted to extend our offering with Wave to provide a secure online transaction and storage payment solution, which will mitigate against an expected rise in online fraud and provide a trusted link between device identity and internet services.”
About Bell ID
Bell ID, headquartered in Rotterdam, the Netherlands, develops chip lifecycle management software that enables banks, governments and enterprises worldwide to issue and manage credentials on mobile near-field communications (NFC) devices and EMV smart cards. For more information, please visit: www.bellid.com.
anticipate
verb (used with object), anticipated, anticipating.
1.
to realize beforehand; foretaste or foresee:
to anticipate pleasure.
2.
to expect; look forward to; be sure of:
to anticipate a favorable decision.
3.
to perform (an action) before another has had time to act.
4.
to answer (a question), obey (a command), or satisfy (a request) before it is made:
He anticipated each of my orders.
5.
to nullify, prevent, or forestall by taking countermeasures in advance:
to anticipate a military attack.
6.
to consider or mention before the proper time:
to anticipate more difficult questions.
7.
to be before (another) in doing, thinking, achieving, etc.:
Many modern inventions were anticipated by Leonardo da Vinci.
You don't have to have ANY ANNOUNCEMENTS for Q3 to have a turn around.
Please show me where he said it would be done for positive by August.
I know, the sky is falling the sky if falling if he doesn't do what you think he said.
player, I agree, Solms has yet to prove anything.
From his background, and the way he has handled himself since taking over, I like what I see and hear from him.
I was 100% behind SKS, and I never believed he would lie to us. I believe he had the shareholders interest at heart, as he to told me he told many times, but he lied, and I believed him to the end.
I will not make that mistake with Solms. He has to prove himself by getting the house in order and providing sales. I believe he is doing that. The proof will be in the next two quarterly conference calls. Then we can decide if he is real or not.
Fool me once, fool me twice..............NOT.
You said Various people had posted hope that the launch would foretell good things to come. It didn't.
But then you said IT DIDN'T. So you are agreeing with them aren't you?
If you aren't agreeing with them, where do you stand on Solm/s creditability?
You said:
Various people had posted hope that the launch would foretell good things to come. It didn't. People had also hoped the last Craig-Hallum conference would offer up some meat. It didn't
How do you know the launch of the VSC did not happen? They could have closed many many deals in Q3, and the sale either did not warrant an 8K, or Wave was restricted by the companies they dealt with, because said company, or companies, did not want their security solutions made public.
Why don't you all wait and see the results of Q3? I think you are going to be pleasantly surprised FOR ONCE.
In my opinion, Bill is a straight up guy. He is going to let actions speak for him instead of words.
I also believe that once Wave has a couple of steady quarters under their belt, Bill will start giving us some guidance. One needs to see a trend before guidance can be given.
Yes, the stock price has drifted down. According to the volume (low except for one day last week) there is no interest, no buyers and no sellers. The stock goes up and down on supply and demand, and right now there is no demand.
Bill has less than a year on the job. He told us up front that it would take 3-5 quarters to turn this ship around.
A little more patience until the Q3 results come out are justified in my opinion.
If Q3 is as good as I hope it's going to be (because I believe a lot of VSCs were sold) then Bill's prediction of 3-5 quarters was accurate.
If we come in with less than two million in the red for Q3, then I believe we will see breakeven in Q4. And that will be the first time in Wave's history.
When breakeven happens, just watch what happens to the supply and demand of the stock then. There is also a very small float out
there.
Yes the Bell ID has not been finalized yet, but Bell ID NEEDS US as much as we need them, for the certificate Wave can provide.
Bill never promised a firm date for the finalization of Bell ID, he said he hope it would be done by now. Apparently it will take a few more weeks to complete, but it will get done, as per the above paragraph.
Look at this way: If SKS was still in charge, you wouldn't have to worry about the share price, because Wave would probably be out of business a year after his firing.
Everyone talks about gaps being filled. Well we have a gap between $1.90 and $2.30. It will be filled, as all other gaps have been, at some point in time.
Investors put up almost ten million dollars at $1.90 a share. They were given guidance before they put their money down. There must of been a pretty good reason why they shelled out ten million dollars.
Wave went back to that conference this past week. Many came up to Bill and asked him if he was there for more money. Bill was was very up front and told them that he not need any more money, and that he was there just to keep in touch with investors and analysts.
I am willing to wait to see how Q3 and Q4 come out. Bill did say the second half of the year would be much better. If Q3 and Q4 do not do as he said THEN AND ONLY THEN will I hold his feet to the fire.
Let's see what happens in the second half of the year before we bury him.
After 20 years, another six months for Bill to turn this company around, is not asking to much, in my opinion.
Many have already buried him because that is what they do. I say let's see what the numbers are for Q3 and Q4 before we do, that's all, is that asking to much?
When Blue says "we shareholders" I assume he is including himself.
I thought he did not own one share. How is it he can say "we Shareholders" regarding the holding of Wave stock???
Bill Solms is the President and CEO of Wave Systems Corp., having been appointed by the board of directors in October 2013. He is the third CEO in the company’s 26-year history, succeeding Steven Sprague. Mr. Solms assumed the role of CEO after serving as the company’s Vice President of North American Sales, where he rapidly restructured the sales team and increased revenues. His more recent private sector experience includes executive positions at the IT consulting firm IntelliDyne and at A-T solutions, where he led a team engaged in a strategic program acquisition in antiterrorist and counter-IED professional services within the U.S. DOD and European defense markets. As Director of the U.S. Federal Sales team for Oracle On Demand between 2009 and 2010, Mr. Solms was in charge of a team of executives responsible for selling Oracle’s suite of hosted services and remotely managed applications used by the U.S. federal government, including the Department of Defense, Department of Homeland Security and federal civilian agencies. Between 2005 and 2009, Mr. Solms served as a sales executive at Microsoft, responsible for sales and licensing for the full range of Microsoft products for key customers, including the Office of the Secretary of Defense, the Joint Chiefs of Staff, several combatant commands and DOD agencies. Prior to his work in the private sector, Mr. Solms enjoyed a distinguished 20-plus-year military career, capped by service in the Pentagon as a member of the Joint Staff. There, he authored a new, six-phase version of U.S. military war plans as well as chairing the team revising Joint Publication 3.0 “Joint Operations,” both of which were subsequently approved by the Joint Chiefs of Staff as the new standard across all of the U.S. Department of Defense. Mr. Solms served as Chief of Joint, Interagency and Multinational Training for the Department of the Army between 2002 and 2004, and earlier as the primary Army representative on the $1.6 billion Joint Training Transformation program. Highlights of his U.S. Army career include serving as the executive officer of the 6th U.S. Cavalry Brigade, Air Combat, in Korea as well as the Operations Officer of an Apache attack helicopter squadron. Other posts include serving twice as an observer controller for the U.S. National Training Center at Fort Irwin, California; Officer Commanding of the aviation tactics flight while on exchange with the Canadian forces in New Brunswick, Canada; Aide de Camp for the Chief of U.S. Army Aviation at Fort Rucker, Alabama; Deputy Operations Officer and Plans Officer for the 504th Parachute Infantry Regiment; and Commander of an Apache helicopter company in 1-82nd Airborne at Fort Bragg, North Carolina. He graduated from the United States Military Academy at West Point, New York, in 1985 with a degree in mechanical engineering. Mr. Solms makes his home in the Virginia countryside to the west of the Washington, D.C., area with his wife Miriam, and their children Billy, Edward and Ellie. He enjoys spending time with his family on their Virginia farm and taking them sailing to tropical destinations in his spare time. - See more at: http://www.twst.com/bio/25962/Bill_Solms#sthash.yewdIHJB.dpuf
A lawyer friend of mine said that this type of suit can be called a “claw suit” where the lawyers put feelers out looking for plaintiffs. Apparently they don’t even know if they have a case at this point.
Exactly! It is also called "trolling". Just a racket trying to get some money imo. They also sent out the same exact letter today on Alexza Pharmaceuticals, Inc., TRW Automotive Holdings Corp., Celsion Corp., a reminder to Lennett Company, Inc., And then to 21 Vianet Group and Bankrate, Inc. on Sept 16. If you google them you will see they do this week in and week out. I have a name in mind for this type but I will keep it to myself.
Blue, you said:
Solms has been aboard long enough to make a sale or two--even a small one--but, not even that.
Exactly HOW do you know this?
Every sales does not have to be reported. There could have been many "small" sales.
You always seen to believe what you write is fact, when in fact, it is not.
However, combined, I don't think the renewal revenue from such giants as mentioned, amounts to much.
There you go again. What would you say is NOT MUCH?
Would an average of a million each since the original buy be considered not much by you, or what number did you have in mind?
You say "not much" as fact and in fact you have no idea what the number is, correct?
"Why indeed did GM, BP, PwC and all the others not renew with Wave?"
Direct from Wave today: They are all up to date on maintenance.
"Why indeed did GM, BP, PwC and all the others not renew with Wave?"
Dig, you are correct. I checked with Wave today and Blue's post that these companies never bought again after the initial buy, are blatantly false.
Transcript for yesterday's CC
http://www.atomicbobs.com/index.php?mode=read&id=890609
Gee, you would think SKS is still involved with Wave Systems.
Let's keep talking about him. I'm sure it will increase the revenues of Wave ten fold.
Again, there has already been a PR on the VSC launch.
I think the next step would be an 8K with numbers. JMO.
I gave SKS the benefit of the doubt until proven wrong, and I was wrong believing in him for so long.
I am willing to do the same for Bill Solms (not 15 years by any means), but now we have a track record of deceit in the past, and yes, I will look harder at what transpires.
Solms has put his reputation on the line by declaring a launch of a product this month. Let's see if what he says comes true. That will be a good first step in credibility. Something SKS lacked badly.
What will you post if Wave issues an 8K with numbers on it?
Will you change your tune? We'll see.