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Jakes Dad...re BOD...That is THE problem....the BOD is FAILING to live up to its obligations regarding the shareholders.
Sincerely,
Jas
XXXX...now you've gone and done it You should have let Chris sweat a little longer. Amazing how these bashers/shorters truly believe that we have not done our homework when it comes to Wave. There has NEVER been a research house that knew MORE about a company than our collective group here knows about Wave Systems. The other point they do not understand is that our collective group continues to suck up shares that become available on the dips. The effective float continues to decrease and the potential influence of our group continues to increase.
Sincerely,
Jas
Chris...oh me oh my...YOU don't know who recently joined the company as their new CTO.....geez...somebodys got to do some homework Here is a clue...it's someone rather significant and has been discussed on this thread....
Sincerely or not,
Jas
Rachelelise...re new hire...Chris knows darn well about the new employee. The way he got around it was by saying no new hires that were ANNOUNCED. He's playing word games.
Sincerely,
Jas
Tampa re voting....It's important to return your ballot with your votes. If the company does not receive your ballot, the shares you are voting for will be processed as being in support of management....fwiw
Sincerely,
Jas
Weby...re WHY NOW? The answer is very simple..in my opinion....Management seems to believe that the June-Aug time frame should be rather significant for the share price. If they can lock in their options at these levels...it provides them with a HUGE profit with NO risk. So...to answer your question..."GREED IS GOOD"
Unless management is willing to provide a reasonable reason as to WHY we should vote for the DRAMATIC increase in the number of shares allocated to the options plan at this point in time...I plan to vote my six-figure block with a resounding NO!!!!
Sincerely,
Jas
Wavxmaster.....re disappearing ASK....I was noticing the same thing.....
Sicerely,
Jas
Scorpio....Employee Stock options are one thing....A increase in allocated shares by ~200% is ....well..... I could be talked into an increase in the program...but an increase of over 200%...that's a different story. Furthermore...a more serious proposal is to increase the number of options that can be granted to a particular individual from 166k to 500k/year. Regarding the employees benefiting from the success of the company....it's called their job....they actually get PAID for the work they are doing. They're not taking a pay cut to come over to Wave. There is very little need to excessively compensate them with stock options in leu of them taking a salary cut to help the company with their cash reserves. The last time I checked....the employees are still getting their FULL pay checks.
Sincerely,
Jas
Wash....re shorts. For one of the few times...I actually agree with Trustco. It's very curious as to the timing of the upcoming shareholders meeting. The ONLY reason to rush the annual SHM is to vote on the proposal to increase the employee options program PRIOR to an expected change in share price. This leads me to believe that management is EXPECTING some rather SIGNIFICANT events to take place in the June-Aug. time frame. If I were a short...I would be very aggressively attempt to get out of my position PRIOR to June....IMHO Therefore...expect to see more bashers than normal over the next month or two.
Sincerely,
Jas
zzt...The upcoming runup is NOT the question....THE RUN-UP IS GOING TO HAPPEN. What is THE point is that this move smells very similar to those FOUNDER SHARES....The dramatic INCREASE in the number of authorised shares for the stock option plan is grotesque...IMHO
Sincerely,
Jas
Weby....re executive employee stock plans....A good friend of mine has been thinking that SKS would find a way to allow the employees/executives to maximise their holdings PRIOR to a run-up in share price. If I were a conspiracy type of individual...I would think that the reason for the EARLIER meeting this year is to have the INCREASES in place PRIOR to the expected run-up in share price....if I were the conspiracy type....
Sincerely,
Jas
re BID....Someone wants in...bid size 35,000@ 2.84...FWIW
Sincerely,
Jas
BF...Thanks...curious that my etrade account does not show that trade.
Sincerely,
Jas
ZZT...re afterhours trades....Not that afterhour trades makes a ton of difference regarding Wave....but where did you get the -.12 cents/share from. My e-trade account shows 2.84 as our last afterhour trade. NASDAQ doesn't even list an afterhour trade.
Sincerely,
Jas
Good evening Weby....reRamspower's find....If this is the Data at rest tiger team request....we should see a rapid trurnover time. At a recent meeting...I was told that the request time would be short...my guess id 30-60 days and then a decision time of 30-60 days before contracts are awarded. Therefore....we're looking at 2-4 months before we find out which companies get picked to supply the government. BTW...this is a HUGE purchase program...FWIW
Sincerely,
Jas
Ramspower...Thanks for the update.
Sincerely,
Jas
Kev..."reportedly"...Are you suggesting that the institutional holdings have NOT increased over the past few months?
Sincerely,
Jas
Re todays presentation....When SKS was discussing the Government sector...he said something to the effect that we have a number of contracts with the government....any gueses as to what SKS is talking about?
Sincerely,
Jas
xxxx...Don't forget what Hitachi said about their plans for the end of 2007. Whether they will be able to offer this tech in every disk drive by the end of 2007 vs it being an option available throughout their lineup...I don't know.
Sincerely,
Jas
re HITACHI....It's somewhat interesting to read the recent discussion regarding the upcoming FDE drives from Hitachi. As someone who had an opportunity to listen to Mr. Campello's presentation at the dataprotection summit...let me just say....THERE IS NO DOUBT THAT THE UPCOMING FDE DRIVES FROM HITACHI WILL BE TCG COMPLIANT. Once again....there is NO DOUBT. For those who don't want to believe...then my suggestion is for them to go and do their OWN DD. Attend one of the seminars around the country....talk to executives from the other companies....see what they have to say.
Make NO mistake about it...the TCG movement is here to stay. When one attends one of these seminars...it is amazing how a little company like Wave is KNOWN through out the industry as one of THE experts...but for those who don't want to believe....that's ok. A tsunami is a very interesting phenomena...when standing on the shore line...one can't appreciate the speed or size of the approaching WAVE.
Sincerely,
Jas
CNN...reports ~490 laptops have been stolen from the IRS. Congressional hearings are scheduled for next week.
Sincerely,
Jas
Hnstabe...re pps....One slight correction....You've failed to subtract the quarterly expenses (roughly 5 million/quarter)from the total revenues generated to get to your earnings number. But we get the picture...IF the Seagate drives take off the way we all think they should...the rate of revenue growth will be a TRUE hockey stick formation....IMHO
Sincerely,
Jas
Chowder...during the recent Data Protection Summit, a number of speakers used the following figures:
$182/compromised record
Total cost/incident...5-25 million dollars...
These figures were for a company loosing a laptop....FWIW
Sincerely,
Jas
KEV...Excuse me...but you are so far off base that it's not even funny. Remind us again about the lost laptop from the VA that compromised the personal data from 25-30 million vets??? This is a SERIOUS problem in both the GOVT and private sectors.
Sincerely,
Jas
Kev...re FDE .2....One of the things one has to consider is WHY would any ENTERPRISE/GOVT. consumer purchase these drives? Obviously, one of the MAJOR driving forces is to PROTECT data at rest. Not only from an economic standpoint...but also a legal one. Nobody wants to experience a CNN moment. The new FDE.2 drives used in conjunction with Waves software allows the CEOs of a particular company NOT to issue a public notice regarding the loss of data on a lost laptop. From the economic standpoint...each lost laptop costs the company between 5-20 million dollars. Do you truly believe that a company will upgrade to one of these new drives and not take FULL advantage that these drives offer?
Sincerely,
Jas
ZZ...re your numbers....You think there will be ~3-5 million FDE.2 drives in the market by 11/07 and that the activation rate will be ~50%. You realize the potential revenue ramp if your vision becomes reality? 1.5 million x $50-60/drive (7-10 for the full TDM and 40-50 dollars for the full ETS.) Now that would truly be a HOCKEY STICK
Sincerely,
Jas
Re Michael Willett from Seagate...I know this has been posted before...
http://www.cmpevents.com/CSINS7/a.asp?option=G&V=3&id=514143
"Session will adress the role of the TPM as a root of trust that extends to trusted applications running on the host. The TPM securely manages storage resources in the internal storage comuting environment."
The presentation will be in Arizona in 6/07...FWIW
Sincerely,
Jas
Go....NICE WORK!!
Sincerely,
Jas
Good evening Matt/Whitewash,
I agree with your contention that being a "true believer" is a requirement to lead a development - stage company....the problem is that it's NOT the way you want to be perceived when Wave is attempting to make the transition into a "real" company...ie REVENUES/PROFITS.
Sincerely,
Jas
Re Steven Q&A....The major problem I have with SKS is that he constantly pushes the bar of what POSSIBLY can be accomplished in Qabc... Is there ANY reason for him to throw out that they COULD possibly close 100,000 seats in Q2? Why move up expectations? JUST LET IT HAPPEN....he doesn't need to constantly make comments that come back and haunt him and the stock....FWIW.
Sincerely,
Jas
Chris S...."I see little differentiation in their products." Got yeagh....remind us again what other product line works with TPMs and the first peripheral that takes advantage of the existing TPM? Curious minds want to know.....While you're at it...remind me of WHOSE software when used in CONJUNCTION with Seagates new FDE.2 drive will allow CEOs of companies who have experienced a laptop theft NOT to be FORCED by law to announce it publicly? Could it be that non-differentiated product from WAVE.....Geez...I think that is what the rep from SEAGATE said in one of those articles last week...... DETAILS... DETAILS....
Sincerely or not,
Jas
Yo...Chris S..... "...historical facts should not be overlooked by anyone considering or currently invested in Wave.".....One thing....historically speaking....how often does a REVOLUTION take place in the tech sector???Revolution you ask.....something like TRUSTED COMPUTING....but why bother with something little like a REVOLUTION when talking about historical data.
Sincerely or not,
Jas
Chris...don't you have anything better to do? Yes...we understand that there will be another round of financing.....now go and play on the other board...thanks for your cooperation.
Sincerely or not,
Jas
Tampa...re WXP..In the big scheme of things....I think it's a non-issue.(SHORT TERM..1-3 YEARS) I know some would disagree with me....and that's ok. The ONLY thing that matters right now is the botom line. We need to demonstrate that there is a market for our products. I sincerely believe that this WILL happen. The most maddening thing regarding this investment is reconciling the lack of revenues with what the industry experts are saying regarding the importance of Wave and the TCG movement. As I mentioned in prior posts....I recently had the opportunity to attend the Data Summit. What the experts are saying about the importance of standard based security initiatives and the role that TCG plays in charting the course of the computing industry is VERY IMPRESSIVE. It's truly a matter of time. I can understand the degree of frustration that exists with in our community....it's NORMAL! All I can say is that if one has an opportunity to attend a similar seminar...I would highly rec. doing so. I'll give you an example...when you hear a MAJOR exec. at Seagate say that this is a VERY IMPORTANT product for Seagate....it no longer becomes an issue of whether or not Wave will be able to execute...it NOW becomes an issue of Seagate flexing their muscles to get this product into the market space. Make no mistake about it....Seagate is VERY SERIOUS about this product and Waves role in developing the FDE software solution. As I said before...the HITACHI rep told me that they are ALSO working with WAVE....FWIW
Sincerely,
Jas
Good afternoon Tampa....Although Snackman and I are very good friends...I have to agree with you on your premise of SKS. Let me just start off by saying that I believe SKS and his team deserve a tremendous amount of credit for forging our relationships with Seagate and Dell. This Seagate deal has been in the works for over FOUR YEARS. This did not happen by accident. Having said that...SKS's comments in the past have directly resulted in some investors having a difficult time trusting him on anything. He has been his own worse enemy.
We are very quickly arriving at the point in which investors will buy WAVX shares for the simple fact that the NEW Seagate FDE.2 drives will be a HUGE success. Why? Simple....the FDE soultion to resolve the IMPORTANT issue of securing DATA AT REST. The solution is so IMPORTANT and INTUITIVE....that the street will recognize our relationship with Seagate and hop on board. The new FDE drive will mean a great revenue stream for Seagate and Wave will simply ride the WAVE of financial success. The revenue stream we have all be waiting for will START as the number of shipped drives accelerates over the nex few months to quarters.
Let me provide a simple example....My wife and I have bought Wave shares for the past ten years....For the FIRST time, she actually sees WHY anyone would want to spend money on buying Waves software.....DATA AT REST!!!
Sincerely,
Jas
Dave/Moneyegone...This truly CAN'T be the first time you've seen a picture of the offices in Lee???
Jas
Dig...I'm somewhat amused at your post. Gokite is raising a very VALID issue. He's attempting to remind the govt/corps. of their RESPONSIBILITY to ensure that CONFIDENTIAL information remains just that...confidential. When they say that they are doing everthing possible to ensure that our data is not compromised...they should be held accountable. If that stimulates sales for Wave...so be it
Sincerely,
Jas
Snackman...re govt...According to a NSA rep at the Data Protection Summit...the RFP should be sent out any day now. Vendors will most likely have 30-60 days to submit their bids. The feds should then make their decision in 30-60 days. Lets say it takes 4 months from now until decisions are announced. BTW...the project will be for some 2 MILLION computers to be purchased by the feds over 12-18 months. ALL of these computers will be equipped with TPM 1.2s and will need to be MANAGED...FWIW
Sincerely,
Jas
The next time a CEO has a CNN moment...someone should ask him/her if everthing was done on their part to ensure that the data at rest was protected to the best of their ability? They should ask if their computer has a FDE drive with Waves software?
Sincerely,
Jas
Data protection Summit...slide....
Computers lost and stolen...
1 out of every 14 laptops is stolen
2000 computers are stolen every day in the US
Over 98% of stolen laptops are NEVER recovered (FBI)
A survey of 769 coporate IT managers revealed that 64% had experienced laptop theft (Tech Republic)
Cost....$182 dollars/compromised record
Total cost to company/theft ranges from 5-20 MILLION dollars
Obviously...this does NOT take into account the cost to their public relations.
THESE FACTS NEED TO BE MADE PUBLIC TO THE VARIOUS CEO/CIO/BOARD OF DIRECTORS/CONGRESS/SEC.....
Sincerely,
Jas