active
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Genz, it's either laugh or cry. It's hard not to have random bouts of frustration. The good news is I know when I smell a smolder and where there is smoke, there is usually a fire. Wave has done a spectacular job of planting flags in very key locations in the trusted ecosystem. It sure seems probable there will be significant fruit to harvest at some point in the not too distant future. I have used both hardware and software encryption and hardware is a no-brainer. I have used RSA tokens and in my opinion, they stink. The support layer that Wave brings to enable and maximize the return on some very good embedded solutions is proven. Selling hardware + software is obviously a very difficult task, but when the ROI is worthy, it should only be a matter of time before tangible progress is more evident to everyone with a name other than Awk. I have no doubt we will see a few more outbreaks of WIRBRS before that time. You never know when it will strike...
1260,
this is another case of WIRBRS, aka Wave Investor Random Burst of Rage Syndrome. Genz, read 3 Awk postings ("awks") for the next 7 days and then read 2 awks for 5 days and finally read 1 awk for 3 days. If you do not feel better, e-mail Lark. Finally, if this has really set in and nothing seems to work, follow 1260's advice to completely purge your system of the virus causing WIRBRS.
Sorry cslewis,
but your posts reads like you believe doma has found a hidden, secret oracle. There are many views and that is what makes a market. I have been talking about debt excesses and macro economic ills long before it was cool and before the doom and gloom blogs. However, while I see a likely path of economic difficulty, it is only an opinion and the course I see can be altered. Additionally, the markets can stay "irrational" for very long periods of time. As difficult as it is to listen to opinions that differ from our own ideology, there is usually something of value that can be gleaned. For example, most people want stocks to go up, so popular opinion is going to do everything possible to provide underlying support for that notion. Zero hedge is an anonymous blog. While the contributors may have some good things to say, there are many views and that's what makes a market.
Internet,
well stated on all pts.
John
Boom,
fair value is always challenging in rattled markets. From my perspective, the macro economy is very challenging and will be for quite some time. I think Wave has the potential to be a positive outlier. We are definitley in a sweet spot and the only question is execution. We're about due for some news, no?
Killer,
I think Sprague made the sale seem easier than it is. TPMs and SEDs obviously add tremendous value. However, these guys have not had the awareness (at least publically -- until recently), on the difficulty of selling software on top of hardware. I think you will continue to see progress and the superior approach on encryption and authentication will ultimately win. Unfortunately, there is a lot of pain in this progress for those of us on the long side anyway. This is not pick on Sprague day for me, but we have not won anything Stephen until you (I mean Wave) make(s) money. Kudos to you on the placement of Wave, but you have not yet capitalized the opportunity.
Wave needs to continue to innovate technically, but also on the marketing front. By NO means am I comparing Wave to Apple, but Apple has successfully sold a commodity with smart engineering and best in class marketing. Wave is selling a new paradigm and is on unpaved trails making marketing even more important. I will not criticize what they are doing on that front, because unlike others I do not have 1st hand experience on their approach, but the impact of how they are spending limited $$ will obviously tremendously impact the rate of adoption. I think we are better positioned than ever, but the proof will be in quarterly and annual reports. $$ will quickly quiet negativity, lack of it will provide fuel for it.
John
Mig, the markets will likely rally after a debt deal is reached. While the underlying macroeconomic picture still stinks in my opinion, there is likely a relief rally on the way soon. The poor showing on GDP just increased the probability of a deal getting done.
On the macro picture, a ton of debt still needs to be purged and balance sheets need repairing (all forms of Gov. & consumer). I cannot imagine this will go without generating an impact on spending at some pt. Housing still needs to be solved and in my opinion, will continue to be a major drag. You just never know.
Without $$ news, Wave will flow with the tide. Let's get some deals done and create our own wake. Personally, Sprague's sale is more irritating to me every day. I know he likes money, but knowing the news gap...if he concerned himself with the shareholder, he would have taken the depreciation with the rest of us. You’re hungrier when you are not eating.
John
dig,
if it's December, there may be some months we don't want to remember! Someone, somewhere has to feel insecure, now let's get it in gear, lol.
Tiny,
paved streets are great, they're just not for us. There is the easy way and there's the Wave way! Wave says August, Wave means September or thereabout. Time will tell...it always does.
Awk,
we've come a long way! It feels like we are knocking on the door to bigger things. We know SEDs and TPMs offer superior capabilities relative to existing technologies, so now it becomes one of delivery. Any positive indications of smooth adoptions of reasonable scale are really important at this juncture in demonstrating Wave's role in the successful delivery. Thanks for posting.
Tiny,
I put that through Google translate and got September 12th.
John
DD, you nailed it. The only mitigating concern is the general markets and the credit rating the federal government carries.
Internet,
well-stated. It is possible to be both enthusiastic and credible. Word currency matters to investors.
John
Killer, time is running out? Please tell us why time is running out. The Wolves are at our heels? Please tell us why the Wolves are at our heels. No offense, but that post makes little sense to me.
1260,
I am long and have not reduced my position. I am voicing my displeasure with the sale and am not trying to dredge up muck. I have heard multiple accounts from people who asked him about the sale. It's obviously his right, but I think it is in poor taste. You have your opinion and I have mine. I am not too concerned about the share price.
Sprague’s sale looks particularly disturbing to me at this point. It is almost looks like he and his accountant knew there would be no good news for quite some time, hmmm. I need an accountant like that for my biz. Mine just provides accounting and tax help. He does not tell me I need to lighten up on my own biz. If we are going to be run like a family biz, then let's be run like a family biz and be all in.
Sorry for harping on this one, but as a long it is disturbing to see the nice little rewards before any signs of a victory and by appearance, a very well-timed sale. Minus a good reason, I will liquidate my position the next time Sprague sells and watch for a better re-entry point. He and his accountant obviously have a good window on near-term performance.
Sprague’s accountant tells him he should sell shares of his own company and Sprague obliges. He’s making money from stock sales when we are not making money…now that’s a good deal! I know we all like rewards for hard work, but let’s work on selling some product before we sell our shares management, errr...Steven! :)
Still long and see tons of promise, but I did not like this sale, especially considering how ideal the timing appears to be.
Mig,
you have to pay for those types of reports. I thought it was balanced review. It is up to Wave to show there is more behind the curtain. At the end of the day, they obviously still need to move product for this to be successful. They have proven they can get orders. Now they have to prove they can take it to the next level and get a consistent flow of customers. It's not hype if you can back it up...it is if you cannot. Some of my inititial concerns about their ability to sell large volume orders have been addressed. I believe they have the goods to consistently win sales, but it has been thee months (?) since our last large order and the market likes results, as do I! Time always tells and Paul Williams is another person with a view much like the longs and shorts who have posted thousands of views for free for 10+ years.
Go-kite, good luck to you. I honestly have no desire to argue on a message board. Maybe I will respond when I have more time...this posting takes time!
wavx,
Frustration is an emotion that is often not rationally expressed. I think there would be a lot less frustration if Steven’s word currency were to increase. That is probably my number one critique. I was taught at an early age to do what you say you are going to do or do not say it. That does not mean he (Steven) should temper his enthusiasm. I think he should show more enthusiasm, tempered by a realistic near-term financial outlook. Everyone likes to be on a winning team and it is Steven’s job to set the tone. I would be curious to see our corp. mission, vision and value and statements.
To your point, every job is easier and more obvious when you are not the one doing it. I am spectacular at everyone else’s job. I think surfup and others have made points about what Wave should be doing, the disconnect lies with the actual facts of their approach to selling. They could be doing all that is suggested and more.
go kite,
Without seeing Wave's direct sales and marketing campaigns, I think it is a harsh to say they have no clue. I think it is fair to say they have not been spectacular at selling because spectacular would imply overcoming all obstacles and we would see more deals if that were the case. That being said, without being directly involved, it is tough to get a sense of the height of the hurdles we are expecting them to leap. I think people forget that Wave essentially has to sell the hardware of other provders in addition to Wave’s software.
Zets,
thanks for trying. Good luck to you.
John
Zets,
tenure is not synonymous with credibility...especially on an anonymous message board where everyone is a CEO. I have had people working for me with 30+ years of experience in a field that were less capable than individuals with significantly less experience.
Also, if you are going to criticize management, which they certainly deserve their fair share of criticism (as does anyone leading anything), please provide a coherent argument about their flaws.
Zets,
Please try to post a coherent thought. What does having been here so long have to do with the shelf? Wave did not access the prior shelf for quite some time. Having quick access to capital is important to any business. This is a non-event minus someone being in the know about Wave accessing it for working capital or other purposes.
There are some real worries to contend with, this certainly is not one of them in my opinion.
John
Perhaps one person pulled the trigger and some itchy trigger fingers reacted to the first shot. Perhaps no one knows why they were shooting or in this case, buying. We just need to figure out who fired the first shot to get some answers. Round 'em up expat. ;)
Exapat, no problem. I should have thrown in a keyboard wink, but a smiley is about as far as I will typically go.
Expat,
So you do not think I am cutting you short,I personally appreciated your activism. Complaint without action is worthless jatter. Cheers to your effort.
John
Expat, I honestly missed what you guys were talking about and only picked up the no one is smart but me posts. I am sure you guys both have some very articulate thougths to share, however the self congratulations stood out for me at the time of my post.
John
Expat and GoKite,
you guys are darn good cynics. It is refreshing to see cynics like you. Your cynicism is great and very helpful. Things would not be where they are today without your cynicism. I do not know too many people who are more cynical than you two cynics. Thanks for all your cynical thoughts. I was going to pat some less deserving people on the backs, but I did not want to leave you two to trumpet your own horns for too long.
Dory, not likely...unless you are challenging the typical order of recommendations!
Thanks for sharing internet and all others posting their accounts of the shareholder meeting.
John
Armp,
lucky for sergey brin and lawrence page that you did not speak to them...they built a $166 billion dollar empire on superior technology.
Some thoughts,
clearly their have been large obstacles to position TPM enabled security as a need to have authentication component and clearly those barriers are being removed. From my perspective the share price and the opportunity are completely disconnected...and it is a wasted worry unless you are trading or more specifically on the down-side of a trade.
I am as positive as ever on a go-forward basis, but Wave needs to creatively capitalize on this grand opportunity. In my opinion, from a marketing stand point, Wave needs an easy to understand identity. Perhaps: The operating system for hardened security or perhaps the control center for hardware enabled security...or something else that articulates their overall position in the marketplace.
It is probably unfair to blame Wave for being able to pull the market forward, but at the same time their are 150+ people at Wave who should be driven to figure out how to crack the code. How Wave chooses to spend its limited budget and human capital to move the dial will either positively influence the timing if well conceived or will do little to influence it if it is ill-conceived. Google would not be Google without the brilliance of its simplicity. Apple would just be another box without slick lines and smart marketing. Wave should be able to do a spectacular job of positioning itself because it is not just another search engine or just another box.
Wildman,
maybe Wave is using the wrong metrics. I heard Brian Berger had an oustanding quarter with 4 presentations, 4 conferences and you heard it here, 4 validations for the rare tripple four. However, Steven may have topped them all this quarter with the hard to come by unexpected stock sale. It's been a a really good quarter...lol!!!
Toro,
if your're not right, you are close to being right...in terms of a bottom. The price should not stay below 3 for long given current market valuations.
T_Howell,
We are at the very low end of the fairly value range imo --conditioned on how the overall market is valued. We've got the deals that validate the business and model...now it's all just a matter of time from my perspective. Wave obviously needs to continue to execute and innovate, but that goes without saying.
April, great insight. Increasing revenue, increasing prospects and a fabulous future will do that to a company.
Player,
I think we are probably a couple of major deals away from a significant depletion of short positions.
John
LA,
the share price is what it is...Wave continues to make tangible progress and there are many reasons to expect the pace of positive change to continue to accelerate. To your pt, we are still a small company, but at this juncture rather than being overvalued, we are probably undervalued with what is publically understood about Wave's position.
Wave is a really abstract investment and this has its pros and cons. The cons are obvious -- it is a very difficult business to articulate and explain without having to throw in a couple of technical terms. Additionally, any way you slice it, security is never going to be a glamorous and tangible product that the avg. joe is going to get excited about. However, the rub lies in the fact that those that can properly decipher the abstract nature of such an investment before it translates into something everyone can understand ($$$), are likely to position themselves rather well.
This has been a long and interesting journey for many long-term investors, but at the end of the day it is difficult ignore the progress that is being made. Wave has gone from hardware to software, from Papa Gino’s (thanks Papa Gino’s) to BASF. From quarter to quarter fundings, to having a reasonable amount of capital. Hopefully, they can continue making tangible and visible progress to aid the most obvious of metrics, the share price.
John
Just a hunch, but I have a feeling we start a steady climb soon. Panic selling and buying have subsided and according to S. Sprague, a new deal should not be far off...we'll see.
John
Waveytrain, when I purchased a laptop with a SED, the original person I spoke with did not know very much. Ultimately, when I purchased, the chap who helped out at Dell knew a lot about SEDs.
That is not the leaset bit surprising to me. The people who are working large enterprise sales are the people that need to be up to speed. You can talk to cust. reps at Verizon and they may not be able very articulate on android, but in the end it is still selling.
John