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go-ks re: CA solution
As I read it, the CA e-Trust solutions, like RSA's ClearTrust will fit very nicely into the TCG paradigm that is/will become Trusted Computing/Trusted Web Services.
All this software will require the TCG hardware security solution (TPMs). I believe SKS is quite content to see this stuff rolling out so that by the time Longhorn is ready there will be a mryiad of applications requiring TPM support and network attestation.
svenm
If ClearTrust is not TPM software it does not compete with Wave's ETS. It's clear from reading the RSA/MSFT PR that Cleartrust is not TPM software.
The only TPM software I know of besides ETS are among the solutions included here:
https://www.trustedcomputinggroup.org/downloads/TCG_Solutions_Catalog.pdf
Trusted Computing as a paradigm welcomes the proliferation of security software like ClearTrust. The more security software applications available to run on the host PC's OS, the higher the demand for TPMs.
Snackman
Great job melding together of the different ideas for the heading post! And, thanks awk and unclevername for the summary of DD.
Just one little comment...
"Wave Systems Corp. (http://www.wave.com ) is playing a significant role in the new paradigm of hardware security for desktop computers USING hardware chips to better integrate security...."
You mean the paradigm of hardware security USING hardware chips, not Wave USING hardware chips, right?
Wave does in fact use chips, the E2100, in certain limited applications at the present time...we all know this...but I wouldn't think you meant "Wave uses chips" in your opening paragraph. If you meant it that way, fine, but if not, might I recommend?:
"Wave Systems Corp. (http://www.wave.com ) is playing a significant role in the new paradigm of hardware security for desktop computers THAT USES hardware chips to better integrate security...."
As always, thanks for yor fine efforts.
Ramsey
Wildman/wavxmaster
It could be a combination of both. Wave wants a little additional cash but is holding the bulk of the SSPX holding in anticipation of share price appreciation.
Wildman I found the HSM.
http://www.unclever.com/wavx/
Click on (Ramsey From CTIA) and view page 2 (Key Transfer Manager)
It's shown in the diagram and referred to in the text.
Wildman
I don't have time to look for it, but I know I saw that the Embassy Trust Server is secured by an HSM (Hardware Security Module). I believe this goes back to the original Embassy TAN server.
24601, thanks
The Board of Directors recommends that the shareholders approve the proposal to amend the Restated Certificate of Incorporation of the Company to increase the number of authorized shares of Class A Common Stock from 75 million to 120 million shares. At May 28, 2003, 51,781,918 shares of Class A Common Stock were outstanding. There is no proposal to increase the number of shares of Class B Common Stock or Preferred Stock. If the proposed amendment is adopted, the first paragraph of Article Four of the Company's Restated Certificate of Incorporation will be amended to read as follows:
FOURTH. (1) The total number of shares of stock which the Corporation shall have authority to issue is One Hundred Fifteen Million (135,000,000) shares divided into the following classes:
(a) One Hundred Million (120,000,000) shares of Class A Common Stock with a par value of one cent ($0.01) per share;
(b) Thirteen Million (13,000,000) shares of Class B Common Stock with a par value of one cent ($0.01) per share; and
(c) Two Million (2,000,000) shares of Preferred Stock with a par value of one cent ($0.01) per share.
Wildman262
I heard the Windows/basic Wave services reference from SKS also! Could be a very logical step if ETS does well in 2004.
24601
I am quite certain the 135M appeared somewhere...maybe it was the mistake I referred to. If I have time later I will take a look.
Thanks.
awk re: attestation. Thanks! e/
I thought with additional preferred class, it was higher. I would have to review the filings to verify that. I do recall there was a discrepancy in what was applied for in the filing and what was (erroneously) stated somewhere else, but I don't recall the details.
R2
Lucky
Forecasting using 100M shares is in consideration of future equity offerings, if any. SKS has indicated repeatedly that an objective is to minimize dilution. This is pretty obvious as any prudent CEO would agree.
Wave is currently (newly) authorized to 135M shares including employee options and additional preferred class shares.
I am confident that if Wave needs additional capital to fully exploit our first mover advantage in the TCG network infrastructure space, then more funds will be raised.
Lucky
It wasn't a ton of cash, but it was something.
http://www.wave.com/news/press_archive/03/030430wave.html
Add, as I recall, 2.7M (or was it 1.7M?) shares for the Globalwave deal (no cash to Wave...Wave was buying out them out and paying w/ WAVX).
Doma
For sure when NGSCB initially uses 1.2 TPM attested by Wave, but the TPM will evolve into later versions.
Later when LeGrande is running NGSCB, my hope is that Wave will still be attesting whatever form the HSM (hardware security module) will be then?
I assume the HSM will always be a separate security co-processor (a TPM) residing on the motherboard.
Lucky
The whole thing was about 13-14M shares. It's been known for a long time. I think they are all registered, perhaps even those needed for the warrants, as I believe the warrant holders had agreed to exercise pronto for 1.00 instead of having 18 months to exercise for 1.13.
Doma
So you are satisfied that Wave attestation server technology is applicable to attesting NGSCB software?
Please don't be convinced by my previous question to you (how else could it be done if not by Wave's attestation server?) because I was wondering the same thing myself all along about remote attestation in NGSCB, and was not sure.
awk/Wildman262?
Lucky, I believe it will finally be about 66M shares when all shares from the Series H placement (including warrants) and the Globalwave shares are included in the total.
Doma
How else to provide remote attestation to NGSCB software than with an attestation server?
awk and I had the same idea. I like Wave's version...it captures both soft and hard Embassy!
barge
Here it is:
http://www.investorshub.com/boards/read_msg.asp?message_id=1665580
It's the first five paragraphs of Wave's website summary:
http://www.wave.com/about/corp_back.html
I propose adding a note at the bottom that Wave is a TCG contributor with TCG link.
Also we keep the links to unclever's site and links to awk's DD.
barge
How do you like Wave's version? I like it a lot. Addresses both the complete Embassy (including hardware) and soft Embassy ported to the TPM.
Too long Snackman. But let's keep the links to unclever and awk's DD.
Look at the second paragraph of Wave's version:
The first sentence covers the Embassy chip...
"Wave’s programmable EMBASSY® technology enables the establishment of a network of hardware trusted clients – embedded in personal computers, peripherals such as smart card readers and keyboards, and mobile devices."
while the second sentence addresses the software/firmware side of Embassy being ported to TCG silicon.
"Additionally, EMBASSY technology is available in cryptographically-protected solutions as enabling utilities and end-to-end client server solutions for products from leading silicon suppliers National Semiconductor and Infineon Technologies. EMBASSY technology includes embedded libraries and firmware for the silicon providers to license."
That's right awk, our first online downloadable update!
Eventually, new releases will be downloadable online, not just updates.
Snackman, I like the Wave website version!
awk!
You must have ESP...you beat me to it! I was going to suggest the same thing.
Is it too long though? I really like it. It captures Wave's current TCG focus while highlighting Embassy the "programmable technology".
Perhaps we add at the end that Wave is a TCG contibutor with the TCG link.
And we include the Wave link also.
Consumers, businesses and governments are demanding that the Internet delivers a digital experience that is trusted – more private, safe and secure. Wave Systems, a leader in the emerging trusted computing marketplace, is focused on meeting these needs.
Wave is building the infrastructure and services to enable the deployment and management of trusted computing platforms. The services and infrastructure are designed to be flexible and deliver solutions within the framework of such industry initiatives as the Trusted Computing Platform Alliance, and other security initiatives recently launched by Intel and Microsoft.
.
Wave’s programmable EMBASSY® technology enables the establishment of a network of hardware trusted clients – embedded in personal computers, peripherals such as smart card readers and keyboards, and mobile devices. Additionally, EMBASSY technology is available in cryptographically-protected solutions as enabling utilities and end-to-end client server solutions for products from leading silicon suppliers National Semiconductor and Infineon Technologies. EMBASSY technology includes embedded libraries and firmware for the silicon providers to license.
Today, Wave’s EMBASSY Suite of Secure Services can add to the value of hardened security as offered by the National Semiconductor SafeKeeper™ PC21100 Module or Infineon’s Trusted Platform Module by offering a suite of enhanced applications for trusted digital signatures, secure document storage, secure document management and powerful privacy options.
A key component of Wave’s EMBASSY offer is the Trust Assurance Network (TAN). The TAN is an optional server infrastructure that can manage trust domains, platform integrity, trusted platform management infrastructure and the distribution of secure applications and services to platforms containing trusted hardware. The TAN allows for ongoing upgrading of the combined product solutions, including the services, after the products have reached the marketplace. Working with partners, Wave delivers EMBASSY services that provide a cost effective TCPA-compliant solution with services that will both generate new revenue opportunities today, while forming the basis of trust necessary for a thriving e-commerce infrastructure in the future.
T123
I would be in favor of including a complete description of Embassy, as indeed that did engender ETS (Embassy Trust Suite)...and the complete Embassy, including the chip, is still very much applicable to Wave's future. For example, if the TPM deployment is slower than the company hopes, Finread, Cubic, Maximus or even Colle-McVoy (TVTonic) could pick up some of the slack.
Snackman, I think Tampa's description of Wave does a really good job of capturing Wave's current TCG initiative but I agree with barge that Embassy should get a mention as a hardware and software solution. As I see it, the software side of Embassy is being ported to the TPM platform, while the complete version of Embassy (hardware included) is applicable to Finread and various high-security government applications.
We could also mention Wave's role as a planner in TCG.
I would like to submit a revision in consideration of the final version.
Thanks.
barge
I think it would be appropriate to mention something in the heading about Embassy the hardware. I think we can all agree that Wave does not aspire to be a chip maker. I think we can also agree that Wave is about services, enabled by Wave's Embassy technology, a combination of both hardware and software. What complicates the here and now is that the hardware aspect is largely dormant in Wave's current TCG endeavors, unless of course the TCG is planning on adopting Embassy hardware IP, which we can't get into without knowing.
I propose we agree to add something about hardware and software by describing Embassy. The Embassy chip itself is relevant to Finread that we know of and other possibilities like Cubic and Maximus.
Perhaps more later, gotta run.
R2
T123/Snackman
Can we include a link to www.wave.com or is that a violation of the rules?
TIA
djtherex, it does stand to reason that if you are Wave and an insider to SSP's industry, and futher if you own about 20% of the company, that you will have a clue about what drives the share price. We can hope Wave has not sold any.
djtherex, I hope Wave knows enough about what is really transpiring with SSP, and is not selling into this rally, knowing that greener pastures lay ahead.
guv, nothing is guaranteed...
Trusted Computing simply won't transition to trusted web services without networked third party attestation...I like Wave's chances for carving out an important niche in that role...I believe we are doing just that right now. Not only does the company have a big jump on the technology, having figured a lot of this stuff out with Embassy, but we are in the TCG designing the implementation.
guv
Successive applications developed for the TPM platform won't necessarily compete with Wave's basic client-side ETS. Even if some do, the proliferation of TPM applications is what we want since it will help foster the adoption of the platform. Besides Wave's real objective in the TPM world is providing third party (attestation) server services, so the more TPM apps available to clients, the better.
awk, I see. Good point! e/
awk, I missed your post...thought you were still away. Great find! This sounds like the EK loading issue discussed here at great length.
OT: T123
I'll book ten will get you one that psprague@wavesys.com is correct, but I have not tried it.
go-ks
I have been told that some engineeering remains for the E2100 to become a fully compliant TCPA TPM. I am not sure exactly what that means, and don't consider it an urgent matter as the next TCG step is the 1.2 version TPM, which will not be programmable anyways. I remain cofident that the IP of the E2100 will be an issue if the TCG wants to "go to the next level".
http://www.wave.com/about/datasheets/03-000138_TPM.pdf
"Wave Systems has been a long-time supporter of the TCPA initiative and has
added TCPA TPM capabilities to its EMBASSY Trust System (ETS) offering. The
ETS is the industry’s first open, programmable, multi-party trust system. The
ETS is TCPA-compatible and supports both physical and logical TPM
implementations. In addition, the ETS supports managed and unmanaged
security models, secure field application upgrade capabilities and a robust
development environment for application service providers. The ETS provides
the necessary bridging and enabling technologies to support the evolution of
both the TCPA and Microsoft trusted computing efforts. The main elements of
the ETS are the EMBASSY Trusted Client hardware device, the EMBASSY
Executive firmware and the Trust Assurance Network (TAN) infrastructure."
Doma, whoops...I misunderstood. Unfortunately that means it will be hard to determine what Wave's fees are (D865GRHs shipped) until Intel pays them. Still, we can hope by the time of the CC Wave will have a clue and will be permitted to talk about it.
Good luck nelzoni...best wishes to you. e/