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Anyone have any clue why the GlobalWave/RedWave S3 was amended?
http://knobias.10kwizard.com/contents.php?ipage=2280044&repo=tenk&back=1
ON24 audio piece at http://biz.yahoo.com/oo/030811/80155.html
BTW,
if you listen to http://biz.yahoo.com/oo/030811/80155.html
they are kind enough to point out that is was "...an SEC review that a spokesman said was mistakenly thought by some to be an investigation."
Bull dolphin, I'll honestly say, I don't know.
The description of SmartSig from the Wave web site:
SmartSignature facilitates the use of digital certificates with its point-and-click signing ceremony. The software seamlessly accesses a certificate and validates a user as authorized to sign a particular document. Documents are stamped and expiration dates are checked, giving the certificate holder the ability to sign global contracts electronically. SmartSignature works with Adobe Acrobat 4.0 and Acrobat Reader 4.0 and higher.
I'm not sure the mechanism of this, but I don't think it involves Wave's TAN.
Venison, with a nice red wine sauce/gravy, is delectable. Similar to the reindeer I had in Finland a couple of years ago...
But, for me, it tastes better when you bring it home yourself (same goes for salmon and trout)
barge, yes. Obviously you are implying that it DOES. Could you please show what it is that convinces you of that?
Wave is by and far ahead of the pack regarding trusted networks (an obvious next step of trusted computers.) As recently as six months ago I would be comfotable saying that Wave was standing on a path with solutions to problems, but not certain if the industry would follow the same path.
Wave was smart (I was going to write luck, but I know better), and the path they are on is the correct path.
The rest of the crowd WILL catch them, and need their 'trusted network services'. I don't dispute that. I only dispute that it is happening today.
bluef...LOL
I value dissenting opinions, even the ones I don't agree with.
Authentication/attestation.
The products that wave is delivering with/for IBM TPM enabled pc's do not deliver that. I welcome the correction (and the source of the correction) if I am wrong.
Understand me when I say that I know wave can deliver authentication and attestation via their TAN, but the Wave product for IBM does not.
barge, we're NOT delivering that. But we are ready to do so when the market is ready for it.
thanks for the info rachel-elise.
I still think we are not quite at the stage some people (yes, you, barge) think we're at. But we are now at the point where we have the opportunity to provide services (with little competition) when they are needed.
I stated a while back that Wave has little need for a sales team. I was wrong. They have the product, they need to create/demonstrate the need...
ditto
alea, by your definition then, wavoid I am not, even though you may ask me to re-read it again...
(ain't it wonderful)
88...
doubt that Wave is involved with this...
but there is an oblique link to Thales through Wavexpress and Thomcast (extremely obligue)
Not being a Californian, and therefore not having a dog in the fight, I haven't given much thought to the Davis recall thing that's going on...
Couldn't even comment on whether Davis SHOULD be recalled or not.
But it occured to me today that, given the huge number of potential candidates in this, it's quite likely that if the recall succeeds, fewer people will have voted for the new gov than will have voted for Davis (by voting against the recall)
alea, a would like to know what your definition of wavoid is, for there are many I would consider fall into that category that wholeheartedly embrace challenges to thier understanding of Wave.
My understanding, mind you, is only about (by my estimation) 75% whole. I welcome questions by those that some call bashers. Some may even be, and even if they are, they serve the same purpose.
(as for RB, it is unstable. Like a dog that has bitten me twice, I will watch it from a distance. May post there sometimes, but it is not the primary board, for me, for discussions of any sort, be it Wave, other stocks, politics or jokes)
A case of the Porsche going off a cliff with the mother-in-law inside...
http://www.cnn.com/2003/TECH/internet/08/11/internet.attack.ap/index.html
WASHINGTON (AP) -- A virus-like infection that was the subject of urgent U.S. government and industry warnings spread rapidly Monday across the Internet, causing computers to mysteriously restart and coordinating an electronic attack against Microsoft Corp.
...
Infected computers were programmed to automatically launch an attack on a Web site operated by Microsoft on Saturday. The site, windowsupdate.com, is used to deliver repairing software patches to Microsoft customers to prevent against these types of infections.
...
Researchers also discovered another message hidden inside the infection that appeared to taunt Microsoft Chairman Bill Gates: "billy gates why do you make this possible? Stop making money and fix your software!"
REALLY lookong forawrd to TRULY trusted computing (the TPM is a nice start...)
Zeev, Len Veil, In november 2001 made the following presentation at CMU
http://yuan.ecom.cmu.edu/trust/cd/Presentations/WAVE%20OpenTrust_%20Veil.ppt
It may be of some interest to you.
Zeev, it's good to look for weaknesses in the concept. I'd hazard a guess that these weaknesses have already been addressed, but I'd suggest you address your concerns to Wave also (I'm not suggesting that you don't post here. By all means. Address these issues -- they are important).
Len Veil is the CTO. (lveil@wavesys.com ). I'm sure he can provide intelligent answers to any questions the board can't answer.
(Off hand, though, I would suggest that wi-fi within a TAN infrastructure would be verboten...)
Concerning financial_journalist, I concur with HhH...
...and after a big of google-izing I can say that the tenor of writing is very professional.
alea, re: EMBASSY...
Cubic, FINREAD, any Maximus deals, will be EMBASSY.
Granted, we have not seen hard evidence that these will happen, they are in the pipeline (and I think we need to call a plumber -- the pipeline is clogged)
Yup, that would be it. Thanks!
Only two main issues in this proxy:
1. To re-elect John E. Bagalay, Jr., Nolan Bushnell, George Gilder, John E. McConnaughy, Jr. and Steven Sprague as directors of the Company to hold office until the next Annual Meeting and until their successors are duly elected and qualified;
2. To consider and act upon a proposed amendment to the Company's Restated Certificate of Incorporation to increase the number of authorized shares of Class A Common Stock that the Company is authorized to issue from 75,000,000 to 120,000,000;
Yes for both of them, as far as I'm concerned.
best of luck V2. You are in for a nightmare.
a few notes.
First, AWK, your conversation with William VANOBBERGHEN in December was echoed by mine with him in Singapore early this year...I don't know that Wave has the only product though, since the three are actually being used as part of a FINREAD demo. I am awaiting an update on that. If it isn't answered by the time of the CC, it wil be before the CC is over.
Second, re: Sheng. She is a fairly young (in experience anyway) reporter. Less than a year ago she was a reporting assistant, promoted to reporter http://www.google.com.sg/search?q=cache:lke7ul65CKMJ:www.pressaccess.com/PR/freepr/2002-10-hot.htm+%.... (search for 'Sheng'). While she was initially wrong, she didn't start it...Reuters did (http://biz.yahoo.com/rc/030804/tech_wavesystems_ibm_3.html )
She ran with it without verifying her facts (cardinal sin, but we all need to get better at what we do...none of us is perfect, except perhaps SPINster ;^).
I've read some of her other pieces and they appear (without knowing the history of the companies she covers) to be balanced. If I were Callahan, I'd make sure she get's every PR emailed directly to her, and an invitation to the SHM.
Final point, the neighborhood kids are over for a video day (too freakn hot out) and they have abandoned democracy for the UN model...when voting on what movie to watch everyone has a veto. They will spend more time deciding what to watch than actually watching it.
[edit: fixed reuters link)
the calm is calming....
ain't it.
pre-market is light...
$3.48 with 24k+ shares traded.
Huge on July 30. Peanuts today...
Doma, with all due respect, I doubt that ANYBODY would read that in it's present form.
I suggest a clip and a link...
greg_s, not all of us see you as a wolf in wolf's clothing.
I appreciate your balanced input. As alea so correctly states, today Intel is faaaar more important to Wave than Wave to Intel.
Cheers,
1putt.
shm or cc? proxy hasn't been released yet, a necessary prerequisite for a SHM
there was a sale right after that...
31 shares.
did you lighten up a bit?
on island
Time B/S Shares Price
12:13:53.340 B 50 3.5300
SHM hasn't been determined yet Betsy. Still need the DEF14A to be filed, and that's in the SEC's hands for review.
2Q numbers, and conference call, are on the 14th (after market) per today's PR.
HhH, welcome back from the Big House!!
True, Wave could have sold treasury stock to raise the money (or not, I think they're tapped, hence the need for the approval to move A/S to 120 million)
But that's not the point.
PJS exercised options that he could have resulted in a mill in pocket, AND PAID BACK WHAT HE OWED.
It wouldn't surprise me if someone backed him up against a wall and ultimatum-ized him (like "pay it back or we'll file a lien...")
Thinking about it, SKS (if he was the architect of this) couldn't have done better.
In one swell foop he
1) removed the 'going concern' issue, for at least another quarter (the quarter, by the way that both INTC and IBM would be producing revenues for wave)
2) removed the overhanging 'unpaid' loan (which probably the smelliest of the crap in the filings)
3) and indirectly defused the SEC question by sidestepping the proxy/ASM issue and announcing the time and date for the 2Q numbers.
There still needs to be a ASM (as I understand it) but the pressure for it is lifted...
RWK, go to s# for June 30
http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=2214763&doc=1&total=30&back=...
search (control-F) for 'eighteen' (without the quotation marks) It's in that paragraph.
The Series H Warrants have a five (5) year term and an initial exercise price equal to $1.13 per share. Commencing eighteen (18) months after April 30, 2003, Wave may call up to 100% of the Series H Warrants if the market value of its Class A common stock exceeds 250% of $1.13 (subject to adjustment pursuant to the terms of the Series H Warrants) for a minimum of fifteen (15) business days during any twenty (20) consecutive business day period.
Thanks for posting that John. I'm trying to wade through an extremely poorly written Liquidated Damages clause in a Frame Agreement, and and didn't have the tinme to dig for that. I"ll keep that post of yours for future reference.
Cheers.
cmf, was responding to RWK's post.
chill, dude.
Forced exercise after 18 months (search S3 for 'warrants')
I have option to buy 1000 shares, stike price of $1.00
The company says Hey, you can exercise them now if you want!
The company sells them to me at $1.00 per share, thereby making an additional $1,000
I sell them at the market and make a couple of bucks a share.
Or I hold them.
Either way, Wave gets the $1000
BTK, I've got some powder lined up at $2.01 5k shares worth. Would not be too sad to get them there...