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Nice train of thought.
Would expect more cars to hop on.
To my understanding the TPM is not "hackable" via shelf software.
I know no more than anybody else here.
However, on my return flight home from my daughter's wedding, a conversation ensued between a young woman and an older man on the awful state of computer security.
I believe we are on the edge of a major tilt into massive reception.
Hold on tight to your dreams: ELO
I love green beans.
Just got back from daughter's wedding and 10 days in Italy.
Now need lots of some green beans to cover the expenses.
Just plodded thru the last 500 posts, many excellent ones and thanks to all for the coverage.
Looks like my plan A is still in effect:Use the low SP to transfer shares to Roth IRA.
Buy more shares.
Be patient.
I have e-mailed The Economist a couple of times requesting articles on computer security,and possible solutions, especially hardware based security.
Perhaps more requests on the subject would help.
Excellent buy-in point right here, right now!
I have always wondered about the structure of Wave's sales organization. e.g. How is the sales force organized? Is the top sales manager sitting in Lee, Mass., directing a field sales force? Where are the reps located and how are they assigned? How many are in house vs. outhouse? What is the current general strategy? Are calls being immediately directed to companies struck by security issues? Does WAVE have dedicated sales people educating major IT managers?
Is this too much to ask for?
Good approach and excellent template for similar upcoming situations!! There will be more.
The Babic article in the UofM alumni LSA Spring magazine did not even mention hardware based security.
It closed with a series of tips on using passwords safely.
I set the magazine down in disgust with the article and planned to compose a response to the editors, but have not yet done so. Writers on such issues need to be informed that hardware-based solutions are available now.
This is but one example where we can help walk the talk.
Stick around. The stage is set.
BRUSSELS (AFP) – European anti-trust regulators on Monday launched in-depth probes into proposed US takeovers of South Korean and Japanese businesses manufacturing computer hard disk drives (HDD).
http://news.yahoo.com/s/afp/20110530/bs_afp/itcomputercompetitioneuusjapanskorea
Anybody familiar with the Square credit card app now being discussed in CNBC.
http://www.comparecards.com/blog/credit-cards-in-the-news/square-credit-card-app-now-available-at-the-apple-store/
Wave Systems Corp. today announced that Steven K. Sprague, President and CEO , will present at Security Research Associates’ 7th Annual Spring Growth Stock Conference in San Francisco at the Omni Hotel on Tuesday, May 24th. Mr. Sprague is scheduled to speak at 10:00 a.m. local time.
9/29/08 WAVX closed at .415
Put it on YouTube with your favorite backup band and it just might go viral!!
See the following:
2005 Mar 1, Seagate Technology and Wave Systems Corp. are demonstrating new hardware-based data protection capabilities in trusted computing platforms as part of the Intel Digital Office Community at the Intel Developers Forum, March 1-3, Moscone Center, San Francisco, California.
(IHub #71632, 3/1/05)
2005 Jun 14, Wave Systems Corp. has announced that it is extending its EMBASSY® Trust Suite software products to support the new Seagate Momentus 5400 FDE hard drives with hardware-based Full Disc Encryption technology. Seagate and Wave have worked together to ensure complementary technologies that address new market opportunities for security and data protection in the trusted computing market.
(IHub #84809, 6/14/05)
2005 Nov 9, Members of the Trusted Computing Group have elected representatives from Infineon, Seagate Technologies and Wave Systems to the organization's board of directors for a one-year term. Trusted Computing Group (TCG) is an open industry standards organization whose specifications help vendors build products that let users protect critical data and information across a variety of devices and platforms.
(IHub #100662, 11/9/05)
2006 Feb 13, Seagate Technology, the world's leading hard drive maker, and Wave Systems Corp. are teaming up at the RSA Conference 2006, February 13-17, at San Jose's McEnery Convention Center to showcase the latest development in data security. The two companies will demonstrate a security solution that combines the strongest protection available for intellectual property, personal information and other sensitive data stored on lost or stolen notebook PCs with a simple way to manage and protect encryption keys and passwords.
(IHub #109108, 2/13/06)
2006 Feb 15, Security Research Associates, 2nd Annual Winter Technology Conference in San Francisco: Steven Sprague:
…We formed a partnership with them (Seagate), that we would build the enterprise software to support their new Trusted drives. Because Seagate’s not an enterprise software company, they’re a drive manufacturing company. And so we built the software support for their new drives. You have to buy the software from Wave. In some cases we’ll provide bundled solutions. We are today the only provider of software for the Seagate drive that demonstrates any functionality. There are open standards solutions we fully expect a few others to enter in producing this. But we’ve integrated that capability now into the same client software we ship to the PC OEMs.
(2/15/06, SRA, 2nd Annual Winter Technology Conference in San Francisco)
2006 Jun 7, Wave Systems Corp. has announced the availability of the EMBASSY Trusted Drive Manager software supporting Seagate Momentus 5400 FDE (Full Disc Encryption) hard drives. EMBASSY Trusted Drive Manager (ETDM) is the newest component of Wave's EMBASSY software products, which provide industry standard-based support for security hardware such as Trusted Platform Modules (TPM) and the Seagate Momentus 5400 FDE hard drives with hardware-based Full Disc Encryption technology. Seagate and Wave have worked together to ensure that their complementary products address the new market opportunities for security and trusted computing in the data protection markets.
(IHub #122,871, 6/7/06)
2007 Mar 15, Wave Systems Corp. today announced the availability of advanced management software delivered on a new generation of Seagate Technology encrypting notebook PC hard drives, enabling a significant step forward in data security for laptops.
New versions of Wave's EMBASSY(R) Security Center including EMBASSY Trusted Drive Manager (ETDM) and the EMBASSY Remote Administration Server (ERAS) software now support Seagate's Momentus 5400 (Full Disc Encryption) FDE.2 hard drive, the latest generation of Seagate's FDE drives based on the company's DriveTrust(TM) technology.
(IHub #139,504, 3/15/07)
2007 May 14, Wave Systems Corp. today announced the company will showcase its data protection management software for the new generation of fully encrypting notebook PC hard drives from Seagate Technology and will demonstrate its solutions for strong authentication and establishing machine identity at the Microsoft WinHEC 2007 conference taking place this week in Los Angeles.
(IHub #144,611, 5/14/07)
2007 May 15, Wave Systems Corp. today announced the company will showcase its data protection management software for the new generation of fully encrypting notebook PC hard drives from Seagate Technology and will demonstrate its solutions for strong authentication and establishing machine identity at the Microsoft WinHEC 2007 conference taking place this week in Los Angeles.
(IHub #144,726, 5/15/07)
2007 Oct 15, Members of the Trusted Computing Group (TCG) have elected representatives from Fujitsu Limited, Seagate Technology and Wave Systems Corp. to the organization's board of directors.
(IHub #153,021, 10/15/07)
2007 Dec 11, NEC Computers, a subsidiary of NEC Corp., today unveiled new secure laptops with built-in hardware security enabling strong authentication and encryption designed to prevent unauthorized access to laptop information in the event the system or hard drive is lost or stolen… The new data security offering combines the Seagate® Technology (NYSE: STX) Momentus® FDE.2 (Full Disc Encryption) hard drive with DriveTrustTM technology and Wave's EMBASSY® software into an easy-to-use and scalable solution that enables organizations to provide comprehensive data protection and automated compliance auditing for lost, stolen or recycled laptops.
(http://www.nec-computers.com/News/news.asp?id=133)
2008 Mar 13, Wave Systems Corp., today announced that it has completed the qualification and testing of its EMBASSY Trust Suite, including the EMBASSY Trusted Drive Manager software, on Lenovo PCs with Seagate Momentus(R) FDE hard drives, adding Lenovo to the list of its supported OEMs offering robust hardware data protection. Wave's Trusted Drive Manager software, Lenovo Edition, is now available as an option on the ThinkPad R61 series with Seagate Momentus Full Disc Encryption (FDE) hard drives.
(IHub #160636, 3/13/08)
2008 Apr 7, Wave Systems Corp. today announced it will conduct multiple demonstrations for strong authentication and data protection with its EMBASSY® line of interoperable software for managing hardware security at RSA Conference 2008, April 7-10, at the Moscone Center. Demonstrations will focus on showing available solutions that support the next-generation Intel® Centrino 2 with vPro technology platform (code named Montevina), with an integrated Intel® TPM v. 1.2. In addition, the company will also showcase its capabilities for management of the Seagate Momentus® 5400 FDE.2 line of FDE drives.
(IHub #162,266, 4/7/08)
2008 Apr 8, Wave Systems Corp. today announced a proof-of-concept solution for ensuring the integrity of data protection hardware. At RSA Conference 2008, Wave will show the Trust-and-Verify Web service, in which a server interrogates computers seeking access to sensitive data in order to verify the status of their Seagate full disk encryption hard drive. Only after this verification step occurs and the level of data protection is deemed adequate, can a PC download requested data. This next-generation solution measures and reports the integrity of a user’s PC, a critical requirement for protecting sensitive information.
(IHub #162,348, 4/8/08)
2008 May 12, Wave Systems Corp. announced it is participating in Dell’s global “Future of Computing” Road Show, demonstrating the company’s hardware-based data protection solutions with Seagate Technology, LLC. The tour encompasses 149 cities worldwide, with the first leg of the U.S. tour starting May 13, 2008 in Pittsburgh. The European tour began in Berlin on April 22, 2008. The full tour is expected to draw close to 10,000 attendees comprised of IT directors, managers and administrators.
(IHub #164,464, 5/12/08)
2008 Jun 2, Wave Systems announced today that it has accepted an invitation from the Trusted Computing Group (TCG) to assume a permanent seat on its Board of Directors, joining permanent members AMD, HP, IBM, Infineon, Intel, Lenovo, Microsoft, Sun and Seagate Technology. Wave has also agreed to elevate its membership status to the highest level of TCG “Promoter.” Permanent members of the TCG Board provide guidance to the organization’s work groups in the creation of the specifications to protect PCs and other computing devices from attacks and to help prevent data loss and theft.
(IHub #165,633, 6/2/08)
2008 Jun 3, Wave Systems Corp. announced it is participating in Dell's global "Future of Computing" Road Show, demonstrating the company's hardware-based data protection solutions with Seagate Technology, LLC. The tour encompasses 149 cities worldwide, with the first leg of the U.S. tour starting May 13, 2008 in Pittsburgh. The European tour began in Berlin on April 22, 2008. The full tour is expected to draw close to 10,000 attendees comprised of IT directors, managers and administrators.
(IHub #165,708, 6/3/08)
2008 Nov 10, Wave Systems Corp. today announced the availability of enhanced versions of EMBASSY Trust Suite, including Trusted Drive Manager, which incorporate support for the new Momentus FDE 7200RPM and 5400RPM self-encrypting drives from Seagate Technology LLC, the storage leader's largest-capacity and fastest hardware-based Full Disk Encryption (FDE) drives to date. In addition, the new versions of Wave's industry-leading trusted computing software being shipped by Dell include support for secure Windows Standby mode, pre-boot authentication, single sign-on and Windows password synchronization.
(Ihub #172,557, 11/10/08)
2009 Jan 27, WAVX today announced its support for a new industry specification to enable stronger data protection and help organizations comply with increasingly tough regulations aimed at preventing a data breach. The first public version of the Trusted Computing Group's Opal security subsystem storage specification was announced today, giving vendors a "blueprint" for developing self-encrypting drives that secure data. Wave has developed or is working on Opal-compliant FDE solutions with Fujitsu, Toshiba and Hitachi, along with its currently shipping FDE solution with Seagate.
(Ihub #174,601, 1/27/09)
2010 Feb 16, Before selecting one of the leading software-based full disk encryption solutions, consider this: It could take up to 24 hours to configure, install and encrypt the contents of the hard drive. That's per user. Compare this to self-encrypting drives -- where encryption is built into the drive itself. Each drive takes only a minute or two to configure. These and other findings are detailed in the newly published review "FDE Performance Comparison: Hardware vs. Software Full Drive Encryption," by Trusted Strategies LLC, an advisory firm specializing in IT security based in Pleasanton, California. The complete report, sponsored by Seagate Technology and Wave Systems, is available at
(www.trustedstrategies.com/papers/comparing_hardware_and_software_fde.pdf)(Ihub #188,077, 2/16/10)
A timeline of Wave Systems can be seen at:
http://timelines.ws/subjects/WaveSystems.HTML
"Come on WAVX give me a reason to buy more shares!"
Just follow the bold history:
2000 Aug 22, CNBC Dow Jones Interview with Wave Systems' CEO Steven Sprague on Future of Company's Growth.
(IHub #68211, 2/4/05)
2004 Oct 26, Wave Systems Corp. today reported growth in new contract activity and reviewed its results for its third quarter and nine months ended September 30, 2004. During the third quarter ended September 30, 2004, Wave completed license contracts amounting to $340,000, to be recorded as revenue over future periods. Wave's Q3 2004 net revenue was $44,000, compared to revenue of $80,000 principally related to development service contracts and license contracts in the third quarter ended September 30, 2003. Wave concluded a revised agreement in September to have its technology embedded in National Semiconductor's
Trusted Platform Module products that also include the new trusted computing integrated solution, the IOKeeper(R) Trusted Platform Module. As a part of the agreement Wave receives a license fee and a per unit royalty.
(IHub #56080, 10/26/04)
2005 Mar 15, Wave Systems Corp. today reviewed recent corporate progress and reported results for its fourth quarter (Q4) and year ended December 31, 2004. Wave's Q4 2004 net revenue related to technology licensing and related support services was $108,000, compared to Q4 2003 net revenue of $59,000. Reflecting ongoing management of sales, marketing, administrative and R&D expenses, Wave reported a net loss to common stockholders of $3.0 million, or $0.04 per basic share, for the fourth quarter of 2004, compared to a net loss to common stockholders of $4.3 million, or $0.07 per basic share, in Q4 2003. The weighted average number of basic shares outstanding in the fourth quarters of 2004 and 2003, was 71,793,000 and 65,203,000, respectively.
(IHub #73506, 3/15/05)
2005 May 10, Wave Systems Corp. today reviewed recent corporate progress and reported results for its first quarter (Q1) ended March 31, 2005. Wave's Q1 2005 net revenue rose to $78,000, compared to Q1 2004 net revenue of $50,000, principally due to an increase in software license revenue. Wave reported a net loss of $4.5 million, or $0.06 per basic share, for the first quarter of 2005, compared to a net loss to common stockholders of $3.4 million, or $0.05 per basic share, in Q1 2004. The year-ago first quarter included the benefit of a gain on sale of marketable securities amounting to $1.2 million. Excluding the gain, Wave would have continued its trend of reduced year-over-year net losses. The weighted average number of basic shares outstanding in the first quarters of 2005 and 2004, was 77,212,000 and 67,338,000, respectively.
(IHub #80550, 5/10/05)
2005 Nov 9, Wave's Q3 2005 net revenue rose to $335,000, compared to Q3 2004 net revenue of $44,000 and an increase of 30 percent compared to Q2 2005 net revenues of $258,000, principally due to higher royalties related to increased shipments of Wave's OEM customers' products that include Wave software and technology. Wave reported a net loss of $4.4 million, or $0.05 per basic share, for the third quarter of 2005, compared to a net loss of $3.8 million, or $0.05 per basic share, in Q3 2004. The year-ago third quarter included the benefit of a $514,000 gain on the sale of marketable securities and a $283,000 benefit reflecting a decrease in the value of Wave's liability for outstanding warrants containing cash settlement features. The weighted average number of basic shares outstanding in the third quarters of 2005 and 2004 was 85,100,000 and 69,633,000, respectively.
(IHub #100733, 11/9/05)
2006 Mar 14, Wave's Q4 2005 net revenues rose to $348,000, compared to Q4 2004 net revenues of $108,000, principally due to higher royalties earned on increased shipments of Wave software and technology by Wave OEM partners. Wave reported a net loss of $4.5 million, or $0.05 per basic share, for the fourth quarter of 2005, compared to a net loss of $3.0 million, or $0.04 per basic share, in Q4 2004. The year-ago fourth quarter included the benefit of a $1.4 million gain on the sale of marketable securities and a $135,000 charge reflecting an increase in Wave's liability for outstanding warrants containing cash settlement features. The weighted average number of basic shares outstanding in the fourth quarters of 2005 and 2004 was 89,132,000 and 71,793,000, respectively.
(IHub #112494, 3/14/06)
2006 May 10, Wave Systems Corp. today reported results for its first quarter (Q1) ended March 31, 2006 and reviewed recent corporate progress and other developments. Wave's Q1 2006 net revenues rose over five-fold to $493,000, compared to Q1 2005 net revenues of $78,000. This was also an increase over Wave's Q4 2005 net revenues of $348,800. The increase over Q1 2005 net revenues was principally due to higher royalties earned from increased shipments of Wave software by partners as well as an increase in services revenue. For Q1 2006 Wave reported a net loss of $5.0 million, or $0.05 per basic share, including non-cash, share-based compensation expense of $352,000 which was recorded in accordance with the implementation of SFAS 123R for "Share-based Payments," effective January 1, 2006. Wave's Q1 2005 net loss of $4.5 million, or $0.06 per basic share, did not include any SFAS 123(R) expense. The weighted average number of basic shares outstanding in the first quarters of 2006 and 2005 were 97,692,000 and 77,212,000, respectively.
(IHub #120514, 5/10/06)
2007 Mar 14, Wave Systems Corp. today reported results for the fourth quarter (Q4) and year ended December 31, 2006 and reviewed recent corporate progress and developments. Principally reflecting a 155% increase in license revenues in Q4 2006 versus last year, Wave's Q4 2006 net revenues rose to $866,000, compared to Q4 2005 net revenues of $348,000 and Q3 2006 net revenues of $846,000. The improvement in license revenues was principally due to royalties earned from increased shipments of Wave software by Wave's OEM partners. Wave's services revenues in Q4 2006 were $12,000 versus services revenue of $13,000 in the year ago period. For Q4 2006 Wave reported a net loss of $4.8 million, or $0.12 per basic share, including non-cash, share-based compensation expense of $414,268, or $0.01 per basic share, recorded in accordance with the implementation of SFAS 123® for "Share-based Payment," effective January 1, 2006. Wave's Q4 2005 net loss of $4.5 million, or $0.15 per basic share, did not include any share-based compensation expense. Per share figures are based on a weighted average number of basic shares outstanding in the fourth quarters of 2006 and 2005 of 41,054,796 and 29,711,000, respectively. Wave's shares outstanding and loss per share figures for the fourth quarter and full year periods in 2006 and 2005 have been adjusted to reflect the Company's 1-for-3 reverse stock split that went into effect on July 26, 2006.
(IHub #139,300, 3/14/07)
2007 May 10, Wave Systems Corp. today reported results for the first quarter (Q1) of 2007 and reviewed recent corporate progress and developments. Principally reflecting an increase in license revenues in Q1 2007 versus last year, Wave's Q1 2007 net revenues increased to $1,287,000, compared to Q1 2006 net revenues of $493,000 and Q4 2006 net revenues of $866,000.
(IHub #144,359, 5/10/07)
2007 Aug 8, Wave's Q2 2007 net revenues rose to $1,410,000, compared to Q2 2006
net revenues of $910,000. For Q2 2007 Wave reported a net loss of $4,841,000, or $0.11 per basic and diluted share, compared to a Q2 2006 net loss of $4,539,000, or $0.13 per basic and diluted share.
(IHub #149,021, 8/8/07)
2008 Mar 13, Wave Systems Corp. today reported Q4 2007 net revenues rose 116% to a record $1,875,000, compared to Q4 2006 net revenues of $866,000. The higher level of license revenues was principally due to royalties earned from a significant increase in the number of bundled shipments of Wave software by OEM partners. Gross profit rose to $1,643,000 in Q4 2007, or a gross profit margin of 88%, compared to gross profit of $656,000 in Q4 2006, or a gross profit margin of 76%, principally reflecting higher sales volumes on fully amortized software costs, offset somewhat by higher customer support costs. Wave reported a Q4 2007 net loss of $5.3 million, or $0.11 per basic share, compared to a Q4 2006 net loss of $4.8 million, or $0.12 per basic share.
(IHub #160640, 3/3/08)
2008 May 12, Wave Systems Corp. today reported results for the first quarter (Q1) of 2008 and provided an update on corporate progress and developments. Reflecting an increase in license revenues, Wave's Q1 2008 net revenues rose 32% to $1.7 million, compared to Q1 2007 net revenues of $1.3 million. Wave's improvement in license revenues was principally due to royalties earned from increased shipments of Wave software by Wave's leading OEM partner. Gross profit for Q1 2008 rose to $1.5 million compared to $1.1 million in Q1 2007, reflecting the higher level of sales.
(IHub #164,489, 5/12/08)
2008 Aug 11, Wave Systems Corp. today reported results for the second quarter (Q2) and six months ended June 30, 2008 and reviewed recent corporate progress and developments. Reflecting an increase in license revenues, Wave’s Q2 2008 net revenues rose 41% to $1,985,000, compared to Q2 2007 net revenues of $1,410,000, and Q1 2008 net revenues of $1,699,000. The improvement in license revenues was principally due to increased royalties from shipments of Wave software by OEM partners as well as from initial growth in software license upgrades.
(Ihub #169,342, 8/11/08)
2008 Nov 10, Wave Systems Corp. today reported results for the third quarter (Q3) and nine months ended September 30, 2008 and reviewed recent corporate progress and developments. Wave's Q3 2008 net revenues rose 6% to $1,835,000, compared to Q3 2007 net revenues of $1,734,000, reflecting increased bundled software royalties, as well as growth in contribution from software license upgrades.
(Ihub #172,579, 11/10/08)
2009 Mar 12, Wave Systems a leading developer of PC security software and services, today reported results for the fourth quarter (Q4) and year ended December 31, 2008 and reviewed recent corporate progress and developments. Wave's Q4 2008 net revenues rose 75% to $3,291,000, compared with Q4 2007 net revenues of $1,875,000, reflecting increased software royalties, as well as growth in software license upgrades. For the full year 2008, net revenues grew 40% to $8,810,000, compared to 2007 net revenues of $6,307,000. Wave's Q4 2008 net loss attributable to common stockholders after accounting for the accretion of a non-cash beneficial conversion feature on the Series J and Series K convertible preferred stock issuances during the quarter was $3,952,000, or $0.07 per basic and diluted share, compared with a Q4 2007 net loss attributable to common stockholders of $5,288,000, or $0.11 per basic and diluted share, and a Q3 2008 net loss attributable to common stockholders of $5,605,000, or $0.10 per basic and diluted share. Per-share figures are based on a weighted average number of basic shares outstanding in the fourth quarters of 2008 and 2007 of 58,708,000 and 49,699,000, respectively, and 57,896,000 for Q3 2008.
(Ihub #176,139, 3/12/09)
2009 May 11, Wave Systems Corp. today reported results for the first quarter (Q1) ended March 31, 2009 and reviewed recent corporate progress and developments. Wave's Q1 2009 net revenues rose 137% to $4.0 million, compared with Q1 2008 net revenues of $1.7 million and Q4 2008 net revenues of $3.3 million, principally reflecting increased bundled software royalties as well as higher services revenue related to a contract with the U.S. government.
(Ihub #177,875, 5/11/09)
2009 Nov 9, Wave's Q3 2009 net revenues rose 164% to $4.8 million, compared with Q3 2008 net revenues of $1.8 million. Q3 '09 net revenues rose 1% over Q2 '09 due to a 7% increase in licensing revenue that more than offset a decline in services revenue related to the completion of a government contract in Q3 '09. Total billings for Q3 2009 grew 13% to $5.2 million compared to Q2 '09 and grew 126% as compared to Q3 '08. Wave's Q3 '09 net loss was $479,000, or $0.01 per basic and diluted share, compared with a Q3 '08 net loss of $5.6 million, or $0.10 per basic and diluted share, and Wave's Q2 2009 net loss of $344,000, or $0.01 per basic and diluted share. Per-share figures are based on a weighted average number of basic shares outstanding in the third quarters of 2009 and 2008 of 71.8 million and 57.9 million, respectively, and 66.4 million in the second quarter of 2009.
(Ihub #183,804, 11/9/09)
2009 Nov 23, Wave Systems Corp. today announced that it ranked number 50 on Deloitte's 2009 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. In 2008 Wave ranked number 74 on Deloitte's Technology Fast 500?. Rankings for 2009 are based on percentage of fiscal year revenue growth over five years, from 2004-2008. Wave's revenue grew 4,115% during this period.
(Ihub #184,457, 11/23/09)
2010 Oct 21, Wave Systems Corp. today announced that it ranked number 73 on Technology Fast 500(TM), Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005-2009. Wave's revenue grew 1,755 percent during this period.
(Ihub #200,290, 10/21/10)
2010 Nov 8, Wave Systems Corp. today reported operating results for the third quarter (Q3) and nine months ended September 30, 2010. Wave also reported on recent new product developments, partner progress and customer adoption. Benefiting from continued growth in enterprise software license sales, as well as increased shipments of Wave's software bundled with enterprise PCs featuring a Trusted Platform Module (TPM) security chip and/or a self-encrypting drive (SED), Wave's Q3 '10 net revenues rose 38% to $6.7 million versus $4.8 million in Q3 '09. Q3 '10 net revenues also rose 4% over Q2 '10 net revenues of $6.5 million. Total billings increased 19% to $6.2 million in Q3 '10, compared to total billings of $5.2 million in Q3 '09, and declined 3% versus Q2 '10 total billings of $6.3 million.
(Ihub #201,056, 11/8/10)
2011 May 10, Growth primarily in enterprise server software drove a 27% increase in Q1 '11 net revenues to $7.5 million, versus $5.9 million in Q1 '10, and a 6% increase over Q4 '10 net revenues of $7.0 million. Reflecting higher operating expense levels, Wave recorded a Q1 '11 net loss of $2.3 million, or $0.03 per basic and diluted share, compared with a Q1 '10 net loss of $0.8 million, or $0.01 per basic and diluted share.
(Ihub #209,159, 5/10/11)
NEW YORK (Reuters) – It seemed like the perfect China play, a way for investors to cash in on the world's fastest growing economy.
http://news.yahoo.com/s/nm/20110512/bs_nm/us_china_shortsellers
What's even more sad is yesterday's prediction for 5 million shares traded today and a SP drop to 2.51.
Snackman said he has made contact with SS and said they reached an agreement to discuss changes to the BoD.
I voted against the increase in executive compensation and held back votes for directors selling shares.
I support Expat's call for more a change in the BoD.
10-20 large accounts in the pipeline and some will close this year. At least one large account expected to close in about 45 days. Why would anyone sell with growing revenue and prospects better than ever.The last time Wave traded over a million shares was 3/18. Some 2.5 million traded on Jan 10. I suspect your 5 mil estimate and a 2.52 price to cover for tomorrow is but wishful thinking.
I hate encouraging litigation as ultimate costs fall on the general public. You are right in this case in that the legal ramifications here would benefit WAVX shareholders.
The best thing to do on any dip is to transfer shares to a Roth Account where they will grow tax free.
3.11 up 7 cents
Lee, MA—May 2, 2011 —Wave Systems Corp. (NASDAQ: WAVX; http://www.wave.com/) announced today that on Tuesday, May 10th at 4:30 p.m. ET, it will host a webcast/conference call reviewing its Q1financial results, as well as recent corporate and industry progress. Wave’s results will be issued after the market’s close that day.
WEBCAST/REPLAY: available at http://www.wave.com/news/webcasts.asp and archived for 30 days.
TELEPHONE: via (415) 226-5356 or (212) 231-2911. Please call five minutes in advance.
I bet markets will be up strong with news of the death of Bin Laden. Will WAVX ride the tide? I think so, especially with Q1 results coming in a week.
IMHO the whole story of WAVX is up for discussion on this board as long as no board rules are violated. Limited sales of shares by SKS has already been addressed. Post your doubts and you should get well considered responses.
The market speaks the loudest and we should get some good market speak over the next week as Q1 results approach.
You are absolutely right.
Wave's SP is still very cheap and accumulation is still the best way to go.
Thank you for posting this.
I find it encouraging that SKS both acknowledges and explains the back story of his "partial" share sale.
As others have noted this bodes well for a strong Q1 report ~May 9-10.
A straw poll might help.
The issue has been addressed earlier and many indicated that they were in the money due to long term accumulation.
I do mean it. Most longs bought all along as the SP dropped because they have believed in the technology and continue to do so. Most longs are in the money.
Birds of a feather...
Most long term WAVX holders are in the money and expect to do much better in the not too distant future.
Very reasonable analysis on the extraordinary short position in Wave.
I find the subject fascinating and look forward to more well reasoned explanations.
My anti-malware software blocks that site. Is it really that bad?
Yes. A lot of good info is being revealed and I for one appreciate it.
One reason is the huge short position, which is betting on current over valuation. We know better, right?
Actually John E. McConnaughy Jr. is 81:
http://www.google.com/finance?q=NASDAQ:WAVX
Are shorts beginning to cover? Something good is cooking.
Just licking losses.