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Just reading the business section and it's amazing how many companies are looking for money to pay off their debt.
Wave System HAS NO DEBT. We have enough money coming in now to keep the doors open. It looks like dilution is a thing of the past.
Wave's revenues keep increasing as do the number of accounts that are now on Wave's books as customers.
All management has to do is concentrate on the business. This company is on the right path. The share price will take care of itself.
Intel To Buy McAfee For $7.68B; $48/Shr; Security Sector Soar
August 19, 2010, 8:56 AM ET
By Eric Savitz
In a stunning development that seems totally out of left field, semiconductor giant Intel (INTC) this morning announced a deal to acquire the security software company McAfee (MFE) for $7.68 billion, or $48 per share in cash. The agreement has been approved by the boards of both companies, but is subject to MFE holder approval and regulatory clearances.
Intel said in a statement that the deal “reflects that security is now a fundamental component of online computing,” adding that “providing protection to a diverse online world requires a fundamentally new approach involving software, hardware and services.”
Intel will become a wholly owned Intel subsidiary, reporting to the company’s software and services group, run by Intel senior VP Renee James.
In a statement, Intel CEO Paul Otellini said that “with the rapid expansion of growth across a vast array of Internet-connected devices, more and more of the elements of our lives have moved online. In the past, energy-efficient performance and connectivity have defined computing requirements. Looking forward, security will join those as a third pillar of what people demand from all computing experiences.”
McAfee, which like Intel is based in Santa Clara, California, had about $2 billion in revenue in 2009, and has about 6,100 employees. The company sells anti-virus, firewall, intrusion protection and other security software.
Intel said the deal will be slightly dilutive to GAAP earnings in the first year of operations, and about flat in the second year. On a non-GAAP basis, excluding a one-time write-down of deferred revenue and amortization of intangibles, Intel said the deal will be slightly accretive in year one and improve after that.
http://blogs.barrons.com/techtraderdaily/2010/08/19/intel-buys-mcafee-for-768-billion/?mod=yahoobarrons
And this one too.
Trusted Computing Technology, Advanced Concepts and Uses, in the Near Future
The attendee will learn how to implement Trusted Computing capabilities, which have commercial value and are expected to be available in the next year, in their own enterprise for a more Trusted Computing environment.
Mr. Steven Sprague, Wave Systems Corp.
Awk, regarding the breakout sessions: if you tie this breakout with the Lockheed Martin conference November 1st, which Wave and PcW are invited to attend, there may be something interesting here.
Breakout:
Enabling Enterprise-scale Information Sharing with High Assurance Platform
James Burnham & Leon Oltman, Lockheed Martin
It's hard to believe that no one has commented on my post #197487.
Here is a gathering with Lockheed Martin and their vendors, where 80% of the breakouts are for LM employees ONLY.
I will state my question again: What is Wave and PcW doing with the employees of LM? Why are they there?
I have to assume that LM is an account of Wave Systems, otherwise why are they there and why were they invited?
Here in the link:
https://www.seeuthere.com/rsvp/invitation/invitation.asp?id=/m1312d11-IS7CVHZYSBLT
* Non-LM Attendees
· It is important to realize that a large portion - as much as 80% - of track sessions, demonstrations and workshops are restricted to a Lockheed Martin only audience due to the proprietary nature of the content. Please take this into consideration before making the decision to attend.
Go to agenda to see my bold above.
Margin calls have been out ever since we hit $2.00. Closing under $2.00 yesterday brought in all the margin calls from houses that do not let you margin stocks under $2.00, which is most of the house that I know about.
Exactly where is more margin selling going to come from if the calls have already gone out?
Closing below $2.00 yesterday, and with today's volume of 70K in the first hour and only 15k in the second hour, suggests to me that the margin selling is over.
Pace way off from yesterday. Traded 70K so far today. Yesterday we traded 150k in the same first hour.
wavxmaster, thanks for the explanation.
So, the value we see for all the institutions is not the purchase price but the current value.
Thanks again
Where did the $2 million plus come from? They are showing $1,311,000?
662,030 New $1,311
I guess a couple of the questions we must ask is why is Dell do deeply involved with Wave and why is Goldman investing in Wave?
According to these numbers, they bought in at $1.98.
The big guys are getting what they want at the price that they want.
Wavxmaster, you put up post #197413 yesterday.
This looks new!! Lockheed Martin!
https://www.seeuthere.com/rsvp/invitation/invitation.asp?id=/m1312d11-IS7CVHZYSBLT
If you go to this link and click on the attendees button you will find the following:
* Non-LM Attendees
· It is important to realize that a large portion - as much as 80% - of track sessions, demonstrations and workshops are restricted to a Lockheed Martin only audience due to the proprietary nature of the content. Please take this into consideration before making the decision to attend.
Question, if only Lockheed employees can attend 80% of the tracking sessions, WHAT IS WAVE AND PRICE WATERHOUSE doing at this conference Nov.1st???
Except now the head is cut off and the body (all his friends on the board) are left without a leader.
Strange things can happen to #1 when they don't have new ideas and a budget.
You can make a case for a HP bundling or not.
HP Is Falling Apart
By Anders Bylund | August 16, 2010 |
When Mark Hurd left the CEO chair of Hewlett-Packard (NYSE: HPQ) (or was forced out of it, depending on your sources), it was easy to panic. Hurd is, after all, widely credited with bringing fiscal responsibility and a new lease on life to the previously floundering tech giant.
You can go on and panic, but not over losing Hurd. The problems with HP run much deeper than that. The whole mess isn't Hurd's fault -- but a lot of it is.
What else is wrong?
To me, Mark Hurd's alleged improprieties just form the slashing tip of a massive iceberg. If anything, this scandal forced a few of the company's other shortcomings back into the light.
* The company is under investigation by government arms here and in Germany over alleged attempts to land contracts in Russia by bribing the right people. The amounts on the table are small by HP standards, but this shouldn't even have been an issue to begin with. Intel (Nasdaq: INTC) may bend the limits of ethical business from time to time, but this is a clean break.
* While HP now has plenty of money in the bank, the company is bankrupt in the innovation department. The annual R&D budget has declined under Hurd and his predecessor Carly Fiorina: When Fiorina took the helm, HP spent 5.8% of its annual revenue on research and development, which is the lifeblood of any self-respecting technology business. Hurd took over at a 4% R&D ratio, but at least Carly increased the dollar amounts spent on R&D. Now it's a paltry 2.3% -- and a lower total budget. HP is doing the lobster walk.
* Insiders complain loudly about low morale as the old "HP way" has evaporated over the years. There's no budget for important projects, cost-cutting in all the wrong places, and a veritable exodus of top talent. When HP bought Palm this spring, I thought it was a great deal -- until the brains that made Palm a compelling buy started jumping ship. HP isn't exactly destroying a legend here, but it also isn't getting what it paid for.
Who's really at fault?
The list goes on, but those are the top complaints. In the end, it all comes back to a decade of lacking leadership. Hurd is gone, but the damage is already done, and I blame the board of directors. Actually, scratch that -- I blame Mark Hurd for the spineless board of directors he created.
Most of HP's board members joined the steering committee under Hurd, who served as chairman of the board in addition to his CEO duties. You have to assume that the chairman has a significant say in who does and doesn't get one of those cherished board seats.
The entire board now consists of members appointed under either Hurd or Fiorina, two leaders whose sense of grand strategy leaves a lot to be desired. The fact that Hurd's supposed buddies then turned on him unanimously says something about his ability to pick friends, as well. Oh, and then they turned around and gave the supposed miscreant a generous parting gift. I don't think we're talking about a great judge of character here.
In other words, the board is a legacy of two failed empires -- the first in a business sense and the second in moral code. What are the chances that their appointee for the vacant CEO and chairman positions will be ready and able to fix the many cracks that have formed in HP's armor over the last decade? Not good. If I were a shareholder, I'd be calling for a brand-new board. And then the new crew gets to pick a new CEO.
Who can fix it?
So whoever gets the thankless job of running Hewlett-Packard next is facing a monumental task:
* Repair the damage inflicted on HP's culture by two failed leaders.
* Inject a strategic vision into a lifeless hulk of too many moving parts.
* Inspire top talent to flock to HP again after many years of the opposite effect.
* Do all of this under a low enough budget to keep shareholders from running elsewhere and messing the whole plan up.
This sinking ship may be beyond repair. It would take a leader with truly epic credentials to get HP out of this mess, like John Chambers of Cisco Systems (Nasdaq: CSCO), Sam Palmisano from IBM (NYSE: IBM), or maybe Oracle (Nasdaq: ORCL) CEO Larry Ellison. But all of these people already have great jobs with companies they love, and they won't come to HP's rescue.
The best HP can hope for is some relatively unknown lower-level executive with grand career ambitions or another technology leader's unwanted leftovers. If Steve Jobs isn't going anywhere, perhaps Tim Cook would leave Apple (Nasdaq: AAPL) for a bigger job at a paradoxically smaller company. Or perhaps a merger with EMC (NYSE: EMC) would let HP raid the storage expert's rich locker of quality leadership.
Empires fall all the time. Barring a miracle, I think HP is the next one in line.
It's time to get short! Corporate earnings quality is at its lowest in decades. John Del Vecchio, CFA -- professional money manager and leading forensic accountant -- warns that even "safe" portfolios are at risk.....
http://www.fool.com/investing/general/2010/08/16/hp-is-falling-apart.aspx
Not a techie, but I am sure one of our resident techies will answer you.
Hey big guy, if you just bought in, your timing couldn't be better.
Welcome aboard
Duh. There NEVER has been any mention of Wave's software in any Dell ad up to this point in time.
You may think the sky is falling, but guess what, it's not.
If fact I see BLUE sky all around this investment.
When a stock has a big move either way, it usually correct at least 50%. Therefore, I see a move back to at least $2.50 in near term.
Is Wave working on anything substantial?? I will refer you to the DD on this board and Wave's web site.
Most houses will not let you margin under $2.00. So, if you try to margin the stock at $1.98, they won't let you.
We have talked about margin on this tread many times. You can take a horse to water but you can't make him drink. That is what happened to many many investors that 'use' to own Wave before they were called.
I am sure not unhappy with the company. The company has no control of the share price.
The company is in great shape. Great increases over the past six quarters and more to come.
I am bullish on the company.
As the company grows, so will the share price.
When the margin sales are completed, the share price will correct itself.
Remember, the share price was $1.42 a few months ago. The sub $2.00 will not hold much longer.
The share price has gone straight down in the past five days. Nothing goes straight down or up without a correction.
Mig, if you truly believe that, you have a lot of shares, sell everything you have here at $2.00 and wait for your $1.50 if you are so sure.
Going under $2.00 should wipe out all remaining margin players for the time being. I think that was one of the goals of the MMs. It made it easy to pick up shares to cover their shorts. It will be harder now for them I believe.
That was done awhile ago by PMs and e-mails.
I am satisfied that that amount is about the same, or slightly lower, due to last week, or slightly higher, if most that responded then, did not sell anything this week.
We all can't post the number of shares we own. This had nothing to with Wave, and will be considered off topic and a privacy issue.
Thanks for the cooperation.
DD, that is why I keep posting that they want your shares.
The big boys do not want the small investor holding this stock. They want it all for themselves.
It is not hard for the MMs to keep shorting the stock to get investors in a panic mode to sell. The got a lot of shares this week, but the real longs on this board will not give them their shares. At least I will never give them my shares.
This drop will correct at some point in the very near future.
They want your shares, don't give them to them.
Maynard, 30 MM was true a while back. I believe we got higher than that before this week. Even with the drop (This is not the first time this stock has seen volatility)I believe we are still at at least 30 MM. Worst case scenario 25-27 MM. Just my opinion.
Nothing has changed. Wave is on a growth pattern (see chart at their last presentation last Tuesday).
For the year Wave has over 12 million in revenues. For the year 30 million looks pretty good. SKS was looking for that other 10 Million before year end with a couple of major upgrades. Think this is well within Wave's reach.
I still think we will be closer to $10.00 by year end than the $2.00 range we are in right now.
I may be overly optimistic, but whether the share price gets that high this year or not, is secondary to Wave growing the business.
As the business grows, the share price will take care of itself.
Wave can not control the share price, they can only keep doing what they are doing, and that is to grow the business.
Wave is the leader in this field, has the most revenues of anyone in this field and has the highest margins in the industry. We are also FIRST MOVER with almost all of the PC OEMs now.
Just remember, we were $1.42 at the end of last year and are well above that right now. We are way over sold.
Nothing goes straight up or straight down. We went straight down in five days. This will correct itself shortly.
Still confident. I think September will show that Wave is the corner stone in the trusted computing area for the govt. and the world.
Still a turtle that's in the surf now. Need high tide to get to the deep sea.
A little exaggeration here: falling by half in the last three days? Did not happen. And oh yes, our relationship with Dell is stronger than ever. You will just have to take my word for that.
Yes, last buying opportunity at THESE PRICES.
Boom, sorry. Re-read your earlier posts where you said you bought back in.
I haven't got the guts to sell out and look for a lower price.
I had a million dollar day in 2000 and I feel confident I will again very soon. Therefore, I do not want to gamble a sell out looking for lower prices.
Take care
Looks like longs such as you and Boom are no longer longs.
Good luck to you. I hope you made a lot of money.
Siemens Fights Virus That Attacks Industrial Control SystemsTech.
August 13, 2010, 10:18 AM ET
By Eric Savitz
This might be the most chilling story you will read all day.
According to the Wall Street Jorunal, Siemens (SIE) has “largely suppressed” a computer virus called Stuxnet that is designed to attack industrial control systems the company makes to monitor power grids and other key infrastructure. The virus, reportedly first detected in June, “marked the first large-scale attack” on the kinds of computers used to monitor controls for large factories, utilities, water-treatment systems and nuclear power plants, the story says.
The virus is spread by devices plugged into USB ports, and is programmed to steal data from the system it infects. The company says 7,000 system users have downloaded a tool to detect and eliminate the virus, which targets a vulnerability in Microsoft (MSFT) Windows. The story says nine customers have detected the virus in their systems, but none has reported any damage.
The story said it was not clear who created the virus.
http://blogs.barrons.com/techtraderdaily/2010/08/13/siemens-fights-virus-that-attacks-industrial-control-systems/?mod=yahoobarrons
This could be the last great buying opportunity in this stock. We will see. Have not sold a share here.
Maybe I'm just dumb, but I believe this will turn sooner than later.
Hopefully this is the blow off, capitulation. EOM
Big timer margin covering. eom
Here is the link to today's presentation. Even if you don't listen to it, go to slide #14 and see who our customers are.
If half of these customers up grade their total computers, just half, Oh my gosh, we would be a very happy bunch
http://www.wsw.com/webcast/mk21/wavx/
One other thing that caught my eye is that we have 16 issued patents and 36 in-progress.
awk, I think the reason you see higher short numbers is because the market makers are still shorting the stock to drive the price lower, like they did yesterday and today.
They want the stock cheaper so they can make more money at higher prices.
That's not entirely true.
We saw an institution sell everything in their portfolio yesterday. Did the market make them sell?
The fact that this institution (and others that might be in the same trouble) had Wave in their portfolio, that give shares to the shorts to cover. Where is the supply coming from if not from institutions selling for whatever reasons.
Do you think the shares yesterday and today are coming from longs? I don't think so.
BTW, the shorts are not the only ones picking up shares at these prices.
Also, the market is in the tank, and as you pointed out yesterday, it looks like some institutions have to sell everything in their portfolio.
We have gapped down two days in a row. The games continue. eom