sleepy
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Encino, just imagine how those individuals that bought at the 0.26-0.35 range back in 2008 are feeling right now. Now take the opposite of this feeling -- that's how the shorts are feeling.
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Fly Fisher, several of the packages are aimed at 5001-10000 users. That's nice to see.
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Just broke through. At 4.62
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wavey,
open full day Wednesday.
Early close Friday.
http://www.nasdaqtrader.com/Trader.aspx?id=Calendar
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SEC Bans 'Naked' Access to Markets
Published November 03, 2010 | Reuters
http://www.foxbusiness.com/markets/2010/11/03/sec-mulls-ban-unfettered-access-markets/?test=dcreport
Unlicensed high-frequency traders will no longer be able to gain unfettered or "naked" access to public markets under a rule adopted by the U.S. Securities and Exchange Commission.
The SEC voted unanimously on Wednesday to require brokerages to have rules in place to protect against potential mishaps from unlicensed traders when brokerages rent out their access to the markets.
The SEC is also expected to propose a controversial plan that would allow it to reward whistle-blowers if the information leads to a successful enforcement case.
The SEC's decision to crack down on brokerages that rent out their market access to traders is the commission's first rule designed to level the playing field between retail investors and high-frequency traders.
"This is part of our effort to address the risks associated with rapid electronic trading strategies that have become more prevalent in recent years," SEC Chairman Mary Schapiro said at a public agency meeting.
Even before the May 6 brief market crash, the SEC had begun contemplating changes to the equity markets. The regulator has proposed rules to make anonymous trading venues known as dark pools more transparent and to ban flash orders that exchanges show to some traders before disclosing them to rest of the market.
Under the SEC rule, brokerages will have to implement controls to prevent the entry of orders that appear erroneous or exceed credit and capital thresholds.
Broker-dealers will also have to develop and maintain a system for reviewing the effectiveness of their risk management controls and for promptly addressing any issues, the SEC said.
The rule will be effective 60 days after publication in the federal government's official register and brokers will then have six months to comply with the new standard.
WHISTLE-BLOWER CONTROVERSY
As required by the Dodd-Frank financial regulatory overhaul reform bill, the SEC must set up a program to reward whistle-blowers if their tips help a commission enforcement case.
That would replace the SEC's "insider trading bounty" program, which compensates tipsters who give the agency information to file charges against those that use or pass on material nonpublic information to illegally trade securities.
The SEC is considering excluding certain players from the program. Those include foreign government officials, public accountants or lawyers who obtain information through client engagements and others who have a pre-existing legal or contractual duty to report their information.
Under the legislation, the SEC could compensate the informant between 10 percent to 30 percent of the total financial penalty -- potentially a sizable amount.
But critics say the provision undermines companies' internal controls by giving employees incentives to seek big payouts from the SEC without first going through the firm's own compliance departments.
The law could "remove many opportunities for companies to address potential issues internally before they get reported out to the SEC, and in many cases the company may not even know about the issue before getting a subpoena from the SEC," said Russell Ryan, a former assistant enforcement director at the SEC and now partner at law firm King & Spalding.
Ryan also said the SEC would most likely have to divert resources from important investigations to sift through all the tips.
Under the legislation, the SEC must also propose rules to prohibit fraud, manipulation and deception in the $615 trillion over-the-counter derivatives market.
Under the SEC's plan, such fraud would be prohibited in connection with the offering, purchase or sale of any security-based swap. Swap dealers, issuers and traders would not be allowed to mislead investors by omitting material information or engaging in manipulative devices or schemes.
The SEC and fellow market regulator the Commodity Futures Trading Commission are crafting rules to regulate the lucrative off-exchange derivatives industry. The CFTC has already laid out its plans to fight manipulation in the futures markets.
Your Wave Theory
Wow, Wave is going to Save the entire stock market and world economy, it sounds like. Pretty ambitious theory for sure.
Wavey Train
1260, not sure why Merrill hasn't lifted theirs. Maybe I'll give them a call. Recently, I have been putting in a low-ball bid in hope of picking up some shares. My guess is that if it does swing down on a head-fake I will, at best, get a partial fill and probably a small one at that. We'll see.
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Merrill Lynch still requires me to punch in my SafePass code to purchase wavx shares. Very annoying! Anyone else experience this?
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Lockheed Martin Board Increases Quarterly Dividend 19 Percent to $0.75 Per Share
http://www.prnewswire.com/news-releases/lockheed-martin-board-increases-quarterly-dividend-19-percent-to-075-per-share-103628424.html
BETHESDA, Md., Sept. 23 /PRNewswire-FirstCall/ -- Lockheed Martin Corporation (NYSE: LMT) today announced that its Board of Directors has authorized a fourth quarter 2010 dividend of $0.75 per-share. This is the eighth consecutive annual increase in Lockheed Martin's quarterly dividend rate, which is a $0.12 or 19 percent increase over the prior quarter.
The dividend is payable Dec. 31, 2010 to holders of record as of the close of business on Dec. 1, 2010. Payment of future quarterly dividends is subject to Board authorization.
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 136,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's 2009 sales from continuing operations were $44.5 billion.
Nice find VH! I like this part.
"NIST approval gives our system builder and end-user customers the peace of mind that Momentus Self-Encrypting Drives deliver the full power of government-grade security," Dave Mosley, executive vice president of sales, marketing and product line management at Seagate, said. "
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Found this at wiki. It may be common knowledge but this is new to me.
http://wiki.osx86project.org/wiki/index.php/TPM
As for Macs - ALL Intel Macs come with a TPM chip and Apple uses it for OS DRM. All Macs have an Apple specific private key preinstalled into their TPM which the TPM KEXT checks against a public key to ensure that the computer is a legitimate Apple computer. This is the main reason (drivers aside) that regular PCs - even ones with a TPM - can't just run MacOS X out of the box.
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Intel sees faster growth in embedded chips
http://economictimes.indiatimes.com/infotech/hardware/Intel-sees-faster-growth-in-embedded-chips/articleshow/6480292.cms
MUNICH: Intel, the world's biggest maker of semiconductors, expects demand for embedded microchips to accelerate as the company expands beyond its core business of computer chips, an executive told Reuters. Intel, which last week issued a sales warning on weaker-than-expected demand for PCs, has made two major acquisitions in the past two weeks as it eyes a future in which chips are increasingly needed to connect other devices.
Doug Davis, head of Intel's Embedded and Communications Group, said in an interview he expected the market for embedded chips to grow 25 percent a year over the next four or five years, up from 18 percent annual growth in 2002-08.
"Many factory machines are still not connected. That will change," he said. He predicted that shipments of Intel's Atom chips, used in small computers such as laptops, netbooks and tablets, would eventually grow by 30-40 percent a year.
Intel has said the market for chips embedded in objects ranging from cars to medical equipment to electricity grids represents a $15 billion opportunity, and one that the company was increasingly focused on as the PC market matures.
Hans Vestberg, chief executive of mobile telecoms equipment maker Ericsson, has predicted there will be 50 billion connected devices by 2020 as objects become increasingly intelligent. This week, Intel agreed to buy the wireless unit of German chipmaker Infineon for $1.4 billion as it claws its way into the booming smartphone market and cuts reliance on personal computers. And less than two weeks ago the company said it would buy security-software maker McAfee for $7.7 billion, its biggest-ever acquisition, to bolster the appeal of its chips in the market for Web-connected gadgets.
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Intel eyed McAfee for years, says former Intel exec
The company long considered McAfee or Symantec acquisitions to leverage CPUs in security
8/27/2010 9:12:00 AM By: Stephen Lawson
http://www.itbusiness.ca/it/client/en/home/News.asp?id=58965
Intel Corp. (NASDAQ: INTC) considered acquiring either Symantec or McAfee for years before it announced last week that it would buy the latter, former Intel senior vice president Pat Gelsinger said on Thursday.
Gelsinger, now president and chief operating officer of Information Infrastructure Products at EMC Corp. (NYSE: EMC), said he was surprised by the timing of the McAfee deal but not by its logic.
"We had looked at security and security deals for a long time ... with the basic thesis of securing the base platform," Gelsinger told reporters after a presentation in San Francisco on Thursday. Gelsinger joined EMC about a year ago after 30 years at Intel, where he rose to senior vice president and co-general manager of the company's Digital Enterprise group.
Security requires building a "root of trust" across all parts of a system to establish that someone is who they represent themselves to be, Gelsinger said. It's impossible to trust the operating system, drivers, firmware or BIOS of a PC or server because all those can be hacked, he said. Recent security incidents have proved that antivirus software and firewalls "don't work," leading to a demand for deeper security, Gelsinger said. "You come to the simple answer that silicon-based root of trust is important."
"This idea of being able to provide base-level platform silicon-connected security is a very, very rational position for Intel to take," Gelsinger said.
Intel's planned acquisition of McAfee might hurt RSA, the security subsidiary of EMC, but only in small ways, because RSA's products are largely complementary to those of McAfee, he said. Intel has told EMC since the deal was announced that it expects to partner even more effectively with RSA now, according to Gelsinger. At the RSA 2010 conference in March, the companies demonstrated a "chain of trust" that included an Intel CPU, VMware software, RSA authentication management software and a security console from Archer Technologies, which was acquired by EMC in January, he said.
http://www.itbusiness.ca/it/client/en/home/News.asp?id=58965
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Intel Said to Be Near Purchase of Infineon's Wireless Unit
http://www.bloomberg.com/news/2010-08-26/intel-is-said-to-be-near-purchase-of-infineon-technologies-wireless-unit.html
Intel Corp., the world’s largest chipmaker, is close to an agreement to buy Infineon Technologies AG’s wireless business, three people with direct knowledge of the discussions said.
An announcement could come as early as this week, the people said, declining to be identified because the talks are private. Infineon, Europe’s second-largest chipmaker, is seeking about 1.5 billion euros ($1.91 billion) for its wireless business, two people familiar with the talks said on Aug. 2.
A purchase of the unit, which makes processors used in Apple Inc.’s iPhone, follows Intel’s $7.68 billion acquisition of McAfee Inc., announced Aug. 19. Chief Executive Officer Paul Otellini is using deals to get chips into a wider range of devices. While Intel semiconductors run more than 80 percent of the world’s personal computers, they’re absent from phones now on the market.
“Intel’s big strategy is to be at the heart of computing everywhere,” said Alex Gauna, an analyst at JMP Securities LLC in San Francisco, who rates the company “market outperform” and doesn’t own the shares. “The McAfee acquisition helps make that a secure equation and a potential Infineon acquisition would give them inroads in the mobility space.
Infineon rose 5.2 percent to 4.65 euros at the close of trading at 5:30 p.m. in Frankfurt, its biggest gain in more than three months. Intel fell 22 cents to $18.26 at 1:17 p.m. on the Nasdaq Stock Market.
Intel has the cash and is “sophisticated enough” to manage both purchases at the same time, Gauna said.
Up Against ARM
The Infineon unit, which also makes chips for Samsung Electronics Co.’s Galaxy S phone, had sales of 346 million euros in the fiscal third quarter, a 38 percent increase from a year earlier. The gains were mainly due to a “ramp-up of new smartphone and entry-level phone platforms at several major customers,” Infineon said last month.
Infineon spokesman Kay Laudien declined to comment, as did Martin Strobel, an Intel spokesman in Germany.
Intel, based in Santa Clara, California, is hitching its mobile ambitions to a scaled-down version of its PC chips called Atom. The company has signed agreements aimed at landing its products in devices made by Nokia Oyj and LG Electronics Inc.
The market for processors that run smartphones is dominated by technology from ARM Holdings Plc, which licenses its designs to companies including Qualcomm Inc., Texas Instruments Inc. and Samsung. Qualcomm produces chips that combine the functions of applications and baseband processors.
Infineon said on Aug. 2 that it had made “significant progress” in talks with potential buyers, whom it declined to name. The “objective of a potential transaction is the strategic development” of the unit, the Neubiberg, Germany-based company said at the time.
Infineon makes the baseband processors that control radio functions of phones. Intel processors run the software that powers the handsets.
http://www.bloomberg.com/news/2010-08-26/intel-is-said-to-be-near-purchase-of-infineon-technologies-wireless-unit.html
Great! Here are some more details.
http://financial.tmcnet.com/news/2010/08/26/4976466.htm
Wave Senior Executives to Present at First Annual NSA Trusted Computing Conference Sept. 14-16
(Market Wire Via Acquire Media NewsEdge) LEE, MA -- (MARKET WIRE) -- 08/26/10 -- Wave Systems Corp. (NASDAQ: WAVX) (www.wave.com) today announced that its President and CEO, Steven Sprague, and Executive Vice President of Marketing & Sales, Brian Berger, will join security experts from academia, government and industry to speak at the National Security Agency's (NSA) Trusted Computing Conference and Exposition (Orlando, September 14-16). Invited speakers include Susan Alexander of the Office of the Director of National Intelligence.
Story continues below ?
The Trusted Computing Conference will educate government and industry alike on how to protect data, systems and networks by leveraging embedded hardware security built on open industry standards. The NSA-sponsored event is hosted by the Trusted Computing Division of the NCSC (NSA Commercial Solutions Center) charged with harnessing the power of US commercial technology for national security, and the High Assurance Platform® (HAP) program office, which has brought together the latest commercial Trusted Computing technologies to form Reference Implementations of secure IT enterprise environments to include areas such as workstations, networks and enterprise-level cloud administration.
On Wednesday, Wave Executive Vice President Brian Berger, in his capacity as Trusted Computing Group (TCG) Director and Chair of the TCG Marketing Work Group, will address conference attendees at the Plenary Session at 8:45 a.m. in a presentation titled, "TCG, the Organization, Its Work, the Future -- Plus a Snapshot on Trusted Computing and its Global Adoption." Later that afternoon, Wave President and CEO, Steven Sprague, will host a Break-out Session titled, "Self-Encrypting Drives and Trusted Platform Modules (TPMs): A Commercial Off the Shelf (COTS) Solution for HAP Capabilities on Standardized Enterprise PCs" from 2:00 to 2:45 p.m.
Wave will also be showing both practical and leading-edge technology demonstrations as part of the NSA Conference program. At 2 p.m. on Tuesday, a 45-minute session will cover basic Trusted Computing implementations that virtually all organizations could implement today. These demonstrations will include the use of the TPM for enhancing security of wireless access points and VPN connections. At 4:30 on Wednesday, another 45-minute session will showcase the advanced Trusted Computing capabilities of TPMs and SEDs: self-healing; multi-user and OS models on single workstations in encryption-protected mode; and use of Intel's vPro? Technology for the offline management of SEDs. Wave will demonstrate various implementations of these basic and advanced security applications at its booth (#205).
New Videos Cover Trusted Computing 101With increased interest in Trusted Computing brought on by the conference, Wave is also announcing the launch of a video podcast series on Trusted Computing -- providing an overview and education on how industry standard hardware security can address cyber security threats. The first series of three podcasts is published today -- introducing Trusted Computing, and exploring the most common ways that enterprise and government users are now leveraging TPM security chips and hardware-based disk encryption.
PODCAST 1: Featuring Mr. Sprague, "Leveraging Hardware Security in 350 Million Platforms," gives viewers a brief overview of Trusted Computing, from the history behind the TCG, to an introduction of both the TPM and SED as embedded forms of hardware security, designed by the security and PC industry to counter the vulnerabilities of software security.
PODCAST 2: The second video, "Trusted Computing: Establishing Device Identity," evaluates how TPMs act as the foundation for device identity, ensuring that only known machines are allowed network access. The TPM is a highly secure "container" for user and device keys, providing device identity much the same way as a SIM chip does on mobile phone networks.
PODCAST 3: The third video in the series, "Trusted Computing: Employing Hardware Encryption," introduces viewers to hardware-based disk encryption. Mr. Sprague addresses the impact of new legislation mandating encryption and points to performance differences between software and hardware full-disk encryption (FDE), along with deployment considerations.
PODCASTS 4, 5, 6 & 7: A second installment of videos will follow next month, as part two of Wave's Trusted Computing podcast series. Four additional videos will cover the topic in greater depth: Trusted Computing implementations in government; deployment in a mixed environment; the need for a strong management infrastructure; and a concluding video on the future of Trusted Computing. To be notified when the second series of videos is available, or for permission to publish these videos, please contact: Wave@MessageInfusion.com.
About Wave Systems Corp.Wave provides software to help solve critical enterprise PC security challenges such as strong authentication, data protection, network access control and the management of these enterprise functions. Wave is a pioneer in hardware-based PC security and a founding member of the Trusted Computing Group (TCG), a consortium of more than 100 companies that forged open standards for hardware security. Wave's EMBASSY® line of client- and server-side software leverages and manages the security functions of the TCG's industry standard hardware security chip, the Trusted Platform Module (TPM) and supports the TCG's "Opal" self-encrypting drive standard. Self-encrypting drives are a growing segment of the data protection market, offering increased security and better performance than many existing software-based encryption solutions. TPMs are included on an estimated 300 million PCs and are standard equipment on many enterprise-class PCs shipping today. Using TPMs and Wave software, enterprises can substantially and cost-effectively strengthen their current security solutions. For more information about Wave and its solutions, visit http://www.wave.com.
Safe Harbor for Forward-Looking StatementsThis press release may contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Wave assumes no duty to and does not undertake to update forward-looking statements.
All brands are the property of their respective owners
Why Intel bought McAfee
Nothing to do with security
by Charlie Demerjian
August 20, 2010
http://www.semiaccurate.com/2010/08/20/why-intel-bought-mcafee/
NTEL'S PURCHASE OF McAfee is quite synergistic and makes a lot of sense to anyone following the company. Contrary to most opinions out there however, it has nothing to do with security.
Intel's current stronghold is corporate computers, desktop, laptop, and servers, not necessarily machines for the 'best buy' set. AMD may have 20% marketshare or so, but for the most part, it is the lower 20% of the market that they own. This is reflected in the ASPs of the chips sold by both companies. Corporations tend to shop by value, consumers by price. Intel's purchase of McAfee is a value add play.
The value added is not security though, I would expect Intel to shed that division of McAfee sooner rather than later. Intel bought McAfee for manageability software, specifically to integrate it with Vpro/AMT. They are going after the medium, large and Fortune 500 business set. Intel is now saying that they intend to compete with the HP, Dell, and IBM management solutions head on, and that will cause no small amount of friction among these cordial friends.
...
http://www.semiaccurate.com/2010/08/20/why-intel-bought-mcafee/
and then this
http://en.wikipedia.org/wiki/Intel_vPro
Intel vPro Security Features
Intel vPro supports industry-standard methodologies and protocols, as well as other vendors’ security features:
* Intel Trusted Execution Technology (Intel TXT)
* Industry-standard Trusted Platform Module version 1.2 (TPM).[2]
* Support for IEEE 802.1x, Preboot Execution Environment (PXE), Cisco Self Defending Network (SDN), and Microsoft Network Access Protection (NAP) in laptops, and support for IEEE 802.1x, Preboot Execution Environment (PXE), and Cisco Self Defending Network (SDN) in desktop PCs. [2][29][14]
* Execute Disable Bit.[2]
* Intel Virtualization Technology (Intel VT).[2]
http://en.wikipedia.org/wiki/Intel_vPro
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McAfee purchase discussion at youtube - Embedded Security development
From Aug 10 to 19 the total volume was 6 million shares.
Date Open High Low Close/Last Volume
8/20/2010 1.8 2.75 1.8 2.38 2,004,098
8/19/2010 1.93 1.95 1.76 1.8 663,744
8/18/2010 2.11 2.11 1.92 1.93 352,785
8/17/2010 2.03 2.05 1.97 1.98 849,464
8/16/2010 2.05 2.08 1.95 2 1,095,125
8/13/2010 2.7 2.7 2.04 2.09 1,043,961
8/12/2010 2.57 2.62 2.36 2.36 702,763
8/11/2010 2.88 2.91 2.51 2.59 940,200
8/10/2010 2.99 3.0456 2.9 2.93 434,964
8/9/2010 3.08 3.2 3.05 3.1 188,455
8/6/2010 3.09 3.17 3.04 3.06 160,815
Trading Update for Wave Systems Corp. (WAVX)
Posted on 08/11/2010 by Leo Goldman
http://www.marketintellisearch.com/articles/1038850.html
NEW YORK (Market Intellisearch) -- Wave Systems Corp. options saw heavy call activity today. A total of 127 call and 0 put contracts were traded raising a 90 day record high call volume alert. Today's traded Put/Call ratio is 0.00. There were 127.00 calls traded for each put contract.
The ratio skew implies that investors are hedging their positions in anticipation of a stock move. Today’s unusual volume activity confirms that traders are rebalancing their portfolios.
Wave Systems Corp. closed at $2.93 in the last trading session and opened today at $2.88. The stock price declined $0.34 (-11.60%) to $2.59 in today's trading session. WAVX is trading between the range of $2.51 - $2.91. Volume is 940,200 in relation to the three month average volume of 454,160 shares. WAVX is trading below the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $0.80 and 52 week high is $4.75.
http://www.marketintellisearch.com/articles/1038850.html
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Everyone, don't put in stop losses!!!! You may just lose your shares.
1260
Good luck to those buying though they wont be able to pry a single share from my fingers. Not a single share!
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New Mortgage Industry Association Has Been Formed To Promote Thought Leadership And Innovation
PROGRESS in Lending Association affirms that the status quo is not what's going to get the mortgage industry through this downturn, technology adoption coupled with sound business strategy is the answer.
http://www.24-7pressrelease.com/press-release-rss/new-mortgage-industry-association-has-been-formed-to-promote-thought-leadership-and-innovation-162557.php
WILTON, CT, July 26, 2010 /24-7PressRelease/ -- The mortgage industry is going through sweeping change. Now is the time for all mortgage industry participants to gather and discuss new ideas, new automation strategies and new processes to move the mortgage industry forward. PROGRESS in Lending Association fills this void and provides a place for innovation and thought leadership to occur.
But why start an industry group like PROGRESS in Lending Association? Tony Garritano, the group's chairman and founder, pointed out, "Technology is going to play a critical role in how mortgage lenders comply with new regulation, remain competitive, ensure profitability, and serve borrowers looking to get their piece of the American Dream. That's why this association was formed."
PROGRESS' executive team is all volunteer and made up of mortgage professionals that have combined over 100 years of industry experience, are dedicated to improving the space and are still active in their respective companies at the same time. Roger Gudobba, chief executive officer at PROGRESS in Lending Association, added, "This new association provides a place for thoughts and ideas to flow freely. It's easier to move things forward when you're in a group. This association is a central place for industry participants to have discussions about how technology can improve the process."
With the passage of the Dodd-Frank Bill in particular it is going to be even more important for a group like PROGRESS in Lending Association to exist and help the mortgage industry on its path to recovery. Michael Hammond, chief strategy officer at PROGRESS in Lending Association, said, "In the past year alone the mortgage industry has had to adapt to business-changing regulation like MDIA and RESPA, for example. All of these challenges call for automated responses. I joined PROGRESS to be part of the solution."
That's why lenders need an added resource like PROGRESS in Lending Association that will provide them the tools to reshape their business without all the bureaucracy of typical associations. Kelly Purcell, chief information officer at PROGRESS in Lending Association, notes, "PROGRESS is built on thought leadership over bureaucracy. I am excited about working with people that have the same passion and commitment that I have to repairing credibility and respect in an industry that I'm proud to be a part of."
Ideas, through collaboration among all industry participants will help lenders and vendors provide a more trusted and transparent process for both consumers and investors. "I believe there are many passionate people that want to participate at an industry level to improve the mortgage lending process. PROGRESS is an opportunity to take it to the next level," said Gabe Minton, chief technology officer at PROGRESS in Lending Association. "By providing a go-to place to talk about the convergence of business and technology and solve real problems, PROGRESS can be used as a vehicle to formulate and document consensus-based opinions that have application to issues lenders face today."
In the end, technology thought leadership can make all the difference. Michael Blair, chief operations officer at PROGRESS in Lending Association, concludes, "We want to make a difference. What we're doing here is an industry effort. Through PROGRESS we can all come together and improve the mortgage space."
About PROGRESS in Lending Association:
PROGRESS in Lending Association believes that business process re-thinking and optimization can make all the difference. This association is about educating mortgage participants about how to face real business problems and overcome those business problems through technology innovation. PROGRESS seeks to reshape the mortgage market for the better. Find out more about PROGRESS in Lending Association on the web at http://www.progressinlending.com.
About PROGRESS in Lending Association's Executive Team:
As a speaker PROGRESS Chairman and Founder Tony Garritano has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions.
PROGRES Chief Executive Officer Roger Gudobba has over 20 years of mortgage experience. At present he is also chief strategy officer at technology vendor Compliance Systems. He is a long-time advocate of data standardization and a more data-driven approach to mortgage lending.
PROGRESS Chief Strategy Officer Michael Hammond is also the founder and president of NexLevel Advisors. He has close to two decades of leadership, management, marketing, sales and technical product experience.
PROGRESS Chief Information Officer Kelly Purcell is also executive vice president, global sales and marketing for e-signing and e-vaulting vendor eSignSystems, a division of Wave Systems Corp. She was co-founder of eSignSystems and has over 25 years of mortgage and technology experience.
PROGRESS Chief Technology Officer Gabe Minton is also chief strategy officer for business intelligence provider Motivity Solutions. He has been the recipient of multiple technology awards, is an innovator of data standards having helped found MISMO, and most recently served as COO on a leading financial software firm's executive team.
PROGRESS Chief Operations Officer Michael Blair has more than 15 years of financial services industry experience. He has held several senior management positions in this space, including President at Allpointe Mortgage, where he oversaw the lending operations and marketing.
http://www.24-7pressrelease.com/press-release-rss/new-mortgage-industry-association-has-been-formed-to-promote-thought-leadership-and-innovation-162557.php
Snackman, thank you -- having a cash reserve changes the whole ball game!
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I thought it was mentioned that wavx has about a 4 million cash reserve. Anyone? Correct?
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Great conference call. Hope everyone listened to it. SKS is the greatest!
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Better than my situation, I'm still unable to access my BofA account which btw is "powered by Merrill Lynch".
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PG plunged from $62.60 to $39.37!
B of A (BAIS) is also down for nearly an hour. Finally got through to a trading rep and his computer was down.
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After hours moved from 3.40 to 3.66
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new pc oem relationship must be HP!
CC starting!
$4.40 after hours.
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That was one wild ride! Closed at 3.90
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Agree so I picked some shares up at 3.96 (I tried to get some at 3.90 but it was moving too fast!!).
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OT: Eclipsys Corporation CEO, Philip Pead, was just on CNBC discussing medical records going digital. I caught only the last two minutes of the interview.
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excerpt from the Beacon Equity Research report:
http://www.beaconequity.com/stock-alert-for-wave-systems-corp-wavx/
WAVX’s recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower Bollinger Bands. These bands measure volatility using standard deviation and a large width is due to high volatility. Additionally, WAVX is trading above its upper Bollinger Band. Relative to recent price action, the stock is currently overextended and due for either a pause or retracement.
The MACD for WAVX currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 9-day moving average. Second, the MACD is above 0, which implies that the underlying moving averages are trending higher.
http://www.beaconequity.com/stock-alert-for-wave-systems-corp-wavx/
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We made it on Beacon Equity Research's radar.
Stock Alert for Wave Systems Corp. (WAVX)
Posted by BeaconEquity.com on Mar 03, 2010
Wave Systems Corp. (NASDAQ: WAVX)
http://www.beaconequity.com/stock-alert-for-wave-systems-corp-wavx/
See above link for their up-to-date analysis.
cooler
"Very disappointing, we couldn't even trade 1,000,000 before 10:30.
Alladinator, two hours later and we can't even break 2 million. Embarrassing.
Cooler
I recently bought (Nov. 5th) some shares for my 6yr old daughters account. I gave her the "when one buys a stock one must be patient" blah, blah, blah speech. I have been trying to explain to her that wavx's recent movement is not the norm (for your typical stock).
It reminds me of the scout master who on his way passing through Vegas, stops off at a Denny's for his troop to get a bite to eat. In the restaurant the scout master sees a slot machine and figures he can use it as a life lesson teaching tool on the ills of gambling. So he calls over his troop of boys to watch him place a quarter in the slot machine -- only to see him win the jackpot.
cooler
Institutional Holdings
http://www.nasdaq.com/asp/holdings.asp?symbol=WAVX&selected=WAVX&FormType=Institutional
Total Shares Out Standing (millions): 73
Market Capitalization ($ millions): $188
Institutional Ownership: 7.7%
Price (as of 2/12/2010) 2.58