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This was a misprint. SKS is still CEO. EOM
Approaching 50 day moving average at $3.41 EOM
We also have two gap downs: one in the high 30s and one in the low 50s. We should cover those soon.
50 moving average is at $3.42. Here we come. EOM
This is in addition to the "big Three" auto maker.
BTW, I think it's GM and not Ford. Just my opinion.
HP Grabs Phoenix Software
Zacks Equity Research, On Tuesday June 15, 2010, 11:59 am
Right after making headlines for a lawsuit against New Jersey-based Turbon International Inc., the largest personal computer (PC) manufacturer Hewlett-Packard Company (NYSE: HPQ - News) has hit the headlines again for acquiring three virtualization software lines from software maker Phoenix Technologies Ltd.
The deal is valued at $12.0 million and will give Phoenix the opportunity to focus on the core systems software market. We believe that, in keeping with the revival in demand for software and IT products, the demand for virtualization software will increase in an attempt to improve the productivity of each server. The software lines that will be acquired by HP include HyperSpace, HyperCore and Phoenix Flip products.
HP has always grown through strategic acquisitions. During fiscal 2008, the company acquired nine companies, the largest of which was Electronic Data Systems (“EDS) for approximately $13.9 billion. The company’s Technology Solutions Group (“TSG) segment shifted its outsourcing services operations and a part of its consulting and integration activities to EDS. We believe the EDS acquisition will give the services portion of the TSG business a stronger foothold to compete against its largest rival, International Business Machines (NYSE: IBM - News).
This apart, in November 2009, the company declared that it will be acquiring networking major 3Com. This $2.7 billion acquisition has put HP in open competition with networking leader Cisco Systems Inc. (NasdaqGS: CSCO - News). It also strengthened its position in the Chinese market, as 3Com has good exposure to China, both in terms of manufacturing and sales.
After overtaking all its competitors in the PC market, the tech major’s aggressive measures have now enabled it to capture the top slot in the server business. As per the recent report published by the technology research firm Gartner, HP generated $3.4 billion in server revenues during the first three months of the current year, up 16.0% compared with the year-ago period.
On the other hand, during the same period, the server revenues of IBM dipped 2.1% to $3.05 billion. The performances of the two companies in the last quarter put HP in the leadership position, with a 31.5% market share, exceeding IBM’s market share of 28.4%. The virtualization software acquired from Phoenix may further enhance the potential of HP’s server segment, as the company may strategically bundle these software with its servers, which may offer better value to end customers.
Although we remain positive about the company’s performance, given the improving demand and its leadership position in the PC segment, we are not very confident about a substantial improvement in the company’s printing business due to the availability of cheaper substitutes.
http://finance.yahoo.com/news/HP-Grabs-Phoenix-zacks-1376534981.html?x=0&.v=1
Cloud Computing: A Paradigm Shift For Gaming
Published: Tuesday, 15 Jun 2010 | 10:41 AM
By: Chris Morris, Special to CNBC.com
There’s fox in the henhouse at E3 this year.
Source: OnLive
With OnLive, games are stored and played on its centralized servers and pushed to users via a broadband connection.
As Microsoft [MSFT 26.0405 0.5455 (+2.14%) ], Sony [SNE 28.49 0.09 (+0.32%) ] and Nintendo [NTDOY 34.55 1.18 (+3.54%) ] promote their upcoming hardware innovations and try to extend the life cycle of this generation of consoles, a burgeoning company called OnLive sits on the show floor of the video game industry’s trade show, sending out the message that dedicated game machines could be a thing of the past.
The idea behind OnLive is simple: Games are stored and played on its centralized servers (the "cloud," in tech parlance) and pushed to users via a broadband connection. When you press a button on your controller at home, that action is transmitted virtually instantaneously to the game and reflected on screen.
On the surface, it sounds like a just another delivery method—but what makes OnLive and other upcoming cloud-based gaming services interesting is their ability to transform almost any screen into a high end gaming system.
Core PC gamers spend thousands of dollars to put together systems loaded with RAM and bleeding edge graphics cards to get the most out of their games. But with cloud gaming, a $300 netbook or low-end desktop will be able to play games just as effectively, with optimized graphical and other gameplay settings – since all the processing is done remotely. OnLive will soon launch a peripheral for television sets as well, letting you play in your living room.
E3 Electronic Entertainment Expo - A CNBC Special Report
The iPhone and iPad are next logical steps—and while the company hasn’t announced any formal intention to support Apple’s [AAPL 258.15 3.87 (+1.52%) ] products, it has shown demos of the service up and running on them, indicating plans are in the works.
“Cloud computing promises to have a marked effect on the gaming industry,” says Scott Steinberg, head of the video game consulting firm TechSavvy and founder of Game Industry TV. “It offers new ways for gamers to access and consume games over a variety of devices and you don’t have to own expensive hardware to play those games.”
OnLive isn’t the only company exploring this space. Gaming industry veteran Dave Perry is working on a similar platform, called Gaikai. And privately held Otoy is working on a software solution that would accomplish the same goal.
What makes OnLive stand out is its founder—Steve Perlman—who previous led development on the technology behind QuickTime and founded WebTV. The company also has several high profile investors, including AT&T Media Holdings [T 25.388 0.218 (+0.87%) ] and Warner Bros [TWX 32.22 0.64 (+2.03%) ].
Those are noteworthy backers, as both are tied directly to cable providers. (AT&T owns U-verse and Warner’s parent company owns Time Warner Cable.) And many think the real strength of OnLive—or any cloud-based gaming company—will be when and if it aligns with a television content provider, dramatically expanding its customer base.
“How people are being served games is changing,” says Colin Sebastian, an analyst with Lazard Capital Markets. “Anything that can incrementally get people to stay with an established cable or satellite service and keep paying a monthly fee would be embraced.”
The service isn’t without its hurdles, though. OnLive, which launches June 17, is untested in the open world. Still uncertain is whether games will be as responsive with subscribers as they are in controlled media demos. Many also wonder if they’ll be able to fully enjoy the service’s benefits with a typical broadband connection—or if they’ll need to pay more for faster service from their provider. And the monthly $14.95 service fee (which doesn’t include the price of games) could be offsetting to some as well.
In essence, games are becoming more accessible—but the price of admission might be too high for some. That means initially, the chief subscribers for cloud gaming are likely to be core gamers – who already have plenty of gaming options. (Related: More challenges lay ahead for game makers).
The potential, though, continues to turn heads. And while OnLive isn’t yet positioned to penetrate the mainstream market, independent publishers like Electronic Arts [ERTS 16.18 -0.18 (-1.1%) ] and Ubisoft are getting on board early, hoping to reach new customers in non-traditional ways.
“{OnLive’s success] depends on what content is available,” says Sebastian. “If the tech hurdles are surpassed, the convenience factor is there. So it’s all a matter of making sure you’ve got the right games.” (Check out What's Hot At E3).
© 2010 CNBC.com
Has to do with the trend. We are now over the 10 and 20 day moving average. Next stop is the 50 day moving average at $3.44.
Better to be above the moving averages then below them.
Besides Wave being added to the Russell 3000 & Global, it looks like Security has finally gone from the bottom oven to the top burner.
As the leader in our space, good times should be ahead of us.
Looks like we are going to be capped at $3.05 for the rest of the day. Hope I'm wrong but it does not look like they want us higher.
No buyers and no sellers. Traders can take the week off.
20 day moving average is at $3.05. eom
FBI begins probe into AT&T iPad security breach
Thu Jun 10, 2010 8:08pm EDT
* FBI moves quickly after report of breach
* More than 100,000 email addresses believed exposed (Adds analyst's comments)
WASHINGTON/NEW YORK June 10 (Reuters) - The Federal Bureau of Investigation has opened a probe into a security breach of Apple Inc's (AAPL.O) iPad that exposed personal information of AT&T Inc (T.N) customers, including those of several high-ranking government officials.
The breach, first reported by the website Gawker, occurred when a group calling itself Goatse Security hacked into AT&T's iPad subscriber data, obtaining a list of email addresses that also included celebrities, chief executives and politicians. [ID:nN09177730]
"The FBI is aware of these possible computer intrusions and has opened an investigation to address the potential cyber threat," FBI spokesman Jason Pack said on Thursday.
AT&T, which has exclusive U.S. rights to carry the iPad and the popular iPhone, has acknowledged the security breach but said it had corrected the flaw and that only email addresses were exposed to hackers who identified a security weakness. [ID:nN09177730]
It declined to comment on the FBI investigation.
The quick FBI probe into the security flaw came amid reports of several high-ranking government officials on the list of iPad owners with compromised personal information.
In all, more than 100,000 email addresses are believed to have been exposed. Goatse could not immediately be reached for comment.
One source in the telecommunications industry said it was not surprising that the FBI was looking at the breach.
"If there's a high profile data compromise it's not unusual to get a phone call from government officials," said the executive, who asked not to be named.
The iPad, launched in April, has already sold more than 2 million units worldwide.
NO COMPROMISE?
The iPad, launched in April, has already sold more than 2 million units worldwide. Buzz around the device -- which alongside the iPhone will form a pivotal part of the company's international growth strategy -- helped propel Apple past Microsoft Corp (MSFT.O) in May to become the world's most valuable technology stock.
But rivals from Dell Inc (DELL.O) to Hewlett-Packard Co (HPQ.N) are scrambling to get rival offerings onto the fledgling market, and the security breach could pose a potential embarrassment for Apple's 2-month-old device.
Security experts said it was unlikely that other information besides email addresses had been compromised.
Charlie Miller, an analyst with Independent Security Evaluators, argued that the breach had nothing to do the iPad's security.
"The actual vulnerability is pretty basic, but the loss of data is not serious, in my opinion. The data on the iPad and the devices themselves were never compromised or vulnerable," Miller said via e-mail.
George Kurtz, chief technology officer for security software company McAfee (MFE.N), also downplayed the severity of the breach.
"I would guess that this application vulnerability gained so much attention because, after all, it is Apple we are talking about," Kurtz wrote in a blog post.
"The hype around Apple products -- like the new iPhone and iPad -- is amazing. However, the reality is this type of vulnerability isn't really news and happens all day long."
But the security gaffe isn't likely help AT&T win any friends among Apple customers. The carrier has been criticized by iPhone users for the quality its network.
Still, few people thought the security snafu would hurt AT&T's relationship with Apple.
"Everybody realizes security is an issue all companies have to deal with," BTIG analyst Walter Piecyk said. "Apple has endured the reputation of AT&T's network, which seems to be a much bigger deal." (Reporting by Jeremy Pelofsky in Washington D.C., Sinead Carew in New York and Gabriel Madway in San Francisco; Editing by Bernard Orr, Tim Dobbyn and Richard Chang)
http://www.reuters.com/article/idCNN1025895220100611?rpc=44
Lenovo debuts the ThinkCentre M90z enterprise all-in-one PC
Written by Cristian Thursday 10 June 2010 - 6:17 | Tags: all-in-one, lenovo, m90z, thinkcentre
Lenovo is ready to breath some new, touch-enabled life into the business segment with its latest ThinkCentre offering, the M90z all-in-one desktop PC which features a nice, big 23-inch (1920 x 1080) touchscreen, and is powered by the one and only Microsoft Windows 7 OS.
Lenovo's touchy system comes equipped with a 32nm Core i3 or i5 processor, up to 1TB of storage space (HDD and SSD options available), a DVD writer, a 2 megapixel webcam, 2W speakers, makes use of the vPro technology, and can have WiFi and/or Bluetooth connectivity, as well as a Trusted Platform Module (TPM) to manage encryption keys and processes for enhanced security.
“While more people are using mobile devices, there are lots of environments where desktop products simply make sense, and these latest Lenovo products showcase how our new innovations are leading in this space,” said Peter Hortensius, senior vice president, Think Product Group, Lenovo. “We believe all-in-one is the future of desktops, so we created the ThinkCentre M90z to deliver everything large enterprise customers need: uncompromised performance, customized ergonomic features and a full web conferencing experience.”
The ThinkCentre M90z is going on sale today with a starting price tag of $899.
HP Helps Organizations Dramatically Reduce Security Vulnerabilities and Compliance Costs
Early Life Cycle Security Analysis is Industry’s First to Address Latent Defects in Applications and Architecture
PALO ALTO, Calif.--(BUSINESS WIRE)--HP (NYSE:HPQ - News) today announced a new security service to help companies reduce vulnerabilities at the onset of the application development life cycle, thereby reducing the risk of millions of dollars in penalties and patches.
The HP Comprehensive Applications Threat Analysis, available worldwide, is the industry’s first early life cycle security assessment service that increases security assurance by addressing latent defects in applications and architecture.
The service provides architectural as well as design guidance alongside recommendations for security controls and best practices. Companies can then implement recommendations from the assessment’s comprehensive findings report to reduce costs associated with vulnerability rework and potential defects while minimizing the need for post-release updates to address security flaws.
As part of the HP Secure Advantage portfolio, the service helps organizations better address security and regulatory needs. It also defends against attacks while reducing the total cost of application ownership. The service is an integral part of the HP Cyber Security portfolio, which helps organizations leverage advances in technology and share information securely while protecting sensitive information and critical infrastructure.
“Customers are under increasing pressure from threats that exploit security weaknesses that were either missed or insufficiently addressed during early life cycle phases,” said Chris Whitener, chief security strategist, Secure Advantage, HP. “The HP Comprehensive Applications Threat Analysis service helps organizations reduce hidden weaknesses early in the assessment process and provides recommended mitigation strategies and secure design principles.”
The new service offering provides the following capabilities for increased security assurance:
* The Security Requirements Gap Analysis provides clients with access to valuable security expertise and the tools to fix and avoid security issues. This capability closely examines applications to identify often-missed technical security requirements imposed by relevant laws, regulations or practices.
* The Architectural Threat Analysis reduces client rework costs resulting from security scans, penetration tests and other vulnerability-finding activities. This capability identifies changes in application architecture to reduce the risk of latent security defects.
“HP efficiently provided the Comprehensive Applications Threat Analysis service and reliable security advice. During the security assessment, the HP team identified risks and proposed solutions to mitigate current and future vulnerabilities,” said Wallace B. Rodgers, program manager, E-Government, State of Oregon. “We implemented the HP-proposed solutions and are extremely pleased with the security quality assessment as well as recommendations.”
HP is the market leader in security products and services covering the entire application development life cycle from design to production. In addition to the Comprehensive Applications Threat Analysis service, HP offers HP Quality Center for security requirements, HP Application Security Center for web application vulnerability testing and HP Application Security Center of Excellence (CoE) Services to help organizations develop an application security program.
These software and services from HP ensure applications remain secure throughout the development, testing, production and operation phases, as well as help organizations develop their application security. Additionally, the HP Secure Advantage portfolio delivers extensive expertise to meet customers’ diverse security needs while helping them reduce complexity, risk and cost.
More information on HP’s security portfolio is available at www.hp.com/go/security.
About HP
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP is available at http://www.hp.com/.
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected operational and financial results; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2010 and HP’s other filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2009. HP assumes no obligation and does not intend to update these forward-looking statements.
© 2010 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.
http://finance.yahoo.com/news/HP-Helps-Organizations-bw-244284599.html?x=0&.v=1
Dell Targets State Health Services
The computer maker has assembled a team of consultants to help U.S. states meet federal health-care reform mandates
By Aaron Ricadela
An expected 30 million Americans will join Medicaid and private insurance plans as a result of health-care reform signed into law by President Obama on Mar. 23. When they do, they will have to register through "health information exchanges" that the federal government requires states to set up by 2014.
Dell, the world's third-largest computer maker, has assembled a team of consultants to help U.S. states meet those mandates. On June 9, the Round Rock (Tex.) company said it has formed a state health services group to provide consulting to states as they work to comply with the legislation.
"There is not a lot of time to get these exchanges built," says Melissa Boudreault, director of state health services at Dell (DELL), who is heading the initiative. "You're going from zero to 100 in a relatively short amount of time."
Federal Money to Build Exchanges
The company is angling for a slice of the $386 million awarded by the government to help 40 states build the exchanges, which will include websites, computer systems, and telephone support for citizens enrolling in insurance plans. In all, the government has set aside almost $1 billion for advancing the use of information technology in health care, including use of electronic medical records and worker training.
Joshua Greenbaum, principal of research firm Enterprise Applications Consulting, based in Berkeley, Calif., says there's "an enormous opportunity" to connect citizens to government services by using customer management software and business applications to power agencies' websites. "The software for government relating to its constituents is some of the most abysmal stuff you've ever seen," he says.
Dell's effort is the fruit of its $3.6 billion acquisition of Perot Systems in November 2009, a transaction designed to help it expand in technology services and better compete with Hewlett-Packard (HPQ) and IBM (IBM). Perot's strengths include health care and government, areas that are benefiting from higher spending by the Obama Administration.
Boudreault, who joined Perot just before it was bought by Dell, previously worked for Massachusetts on a program that signed up low-income residents for insurance plans. Her team will initially include a half-dozen people, and will work with other parts of Dell, including its computers systems groups, to try to win contracts with states building the exchanges.
Services Revenue Growth
Dell reported $5.6 billion in services revenue during its 2010 fiscal year, which ended Jan. 29. Services, which accounted for about 11 percent of total revenues, have held up better than other areas, increasing an average of 2.9 percent in the past two fiscal years. At the same time, sales of PCs, laptops, servers, storage devices, and software have declined on average over the past two years, according to data compiled by Bloomberg. Total revenue fell 13.4 percent to $52.9 billion in fiscal 2010.
Dell shares fell 25 cents, or 1.9 percent, to $12.68 in Nasdaq Composite Index trading on June 8.
IBM, HP, and other technology companies are also pursuing health-care technology spending by companies and government agencies. IBM is working with more than 40 information exchanges that include health-care providers, and is competing for contracts among state and regional exchanges, says spokeswoman Holli Haswell. Information about patients "is scattered all over the place," says Bill Conroy, president and chief executive officer of Initiate, a unit formed by IBM after its Mar. 1 purchase of Initiate Systems, whose technology can link patient data across computer systems.
--
Here is the interview
In The Boardroom With...
Mr. Steven K. Sprague
President and CEO
Wave Systems Corp.
www.wave.com
Nasdaq: WAVX
SecurityStockWatch.com: Thank you for joining us today, Steven. Much has happened with WAVX during the past year: revenues are up, the stock is up and the list of impressive partners working with you keeps growing. Please give us an overview of Wave Systems’ solutions and provide us with some background on the company.
Steven K. Sprague : Wave Systems is the leading provider of client and server software for hardware-based security on personal computers. We’re traded on the NASDAQ Capital Market Exchange under the symbol WAVX, and today we have about 100 employees worldwide.
Our business is based on providing the tools for the world to leverage the new hardware-based security solutions shipping on most PCs. Hardware security can mean different things, but in our world it revolves around a security chip called the Trusted Platform Module or TPM. The PC industry has spent ten years developing this hardware security chip to address the obvious security problems inherent in software products.
TPMs ship with virtually every business-class laptop and most enterprise desktops. These chips change the PC security paradigm, acting as a strongly protected system for securely generating and storing encryption keys. Since the TPM provides advanced security for keys and is invulnerable to both network and software attacks, the TPM chip can authenticate hardware devices. Therefore, an organization that turns on the TPM chips on its laptops can restrict all but “known” PCs to its network. That’s a simple, yet very powerful step to increase network security. The TPM can perform a host of other functions, too, from encrypting individual files to storing passwords, digital certificates and cryptographic keys. These chips can also perform a function called “remote attestation,” creating an unalterable summary of the hardware, boot and operating system’s configuration so that a third party can verify the state of the software to determine if it can be ‘trusted’ and that it has not been tampered with. Because information and functions occur within the security chip, it is far more secure from external software attacks and physical theft than other methods.
TPM chips have been shipping from major PC OEMs for several years, but today we’re fast approaching a “tipping point” for their adoption. Now that 300 million PCs with TPMs have shipped—and the number grows each day—a substantial market opportunity has been formed, and Wave is in a leadership position to take advantage of it. With embedded TPM chips and Wave’s EMBASSY® software, organizations of any size have the ability to easily deploy, manage and initialize these chips, establishing both policy and key management. Doing so will dramatically improve security today on a very cost-effective basis.
SecurityStockWatch.com: Thank you, Steven, for that comprehensive overview. How else does Wave support hardware security?
Steven K. Sprague : Full disk encryption, or FDE, is the preferred mechanism for protecting sensitive data on a PC. This technology lets IT encrypt the entire hard drive so that sensitive data is always protected, no matter where it resides. In this way, it’s a more foolproof solution than encrypting only an individual folder on an employee’s laptop. Until only fairly recently, the sole option on the market was software-based FDE. Software FDE certainly has its role, but it’s not without problems. It can be expensive to deploy and it slows down processing speeds. It also involves additional licensing fees and ongoing support from IT. Perhaps more concerning is that it has been shown to be vulnerable to the highly publicized “cold boot” memory attacks. Using this attack, a determined hacker can steal encryption keys stored in the system’s memory in “sleep mode,” even though software FDE was operating.
A more secure solution is new hardware-based FDE deployed in what are known as self-encrypting drives. Seagate was the first to offer these drives in early 2007. Today, most of the major drive vendors offer self-encrypting drives (SED), including Hitachi, Toshiba, Fujitsu and Samsung. The Seagate and Samsung drives are available through Dell today, with the other vendors making their SEDs commercially available in the coming months. Bringing even more functional benefits is a new line of solid-state self-encrypting drives – using flash memory - that deliver substantial performance, size and weight improvements over conventional SEDs.
Here’s a little insight into how the drives work. Essentially, the encryption takes place inside the disk itself. Every single “bit” that the user “sends down the wire” is encrypted before it’s written to the “platters.” As a result, if you were to take apart one of these drives, the data would be encrypted at all times. Further, the encryption keys are always protected in hardware and therefore aren’t vulnerable to the “cold boot” memory attacks as is software FDE. This is truly “game changing” technology that can allow enterprises and consumers to know that their data and applications are constantly protected.
So where does Wave fit in? Our EMBASSY software—yes, the same software that deploys and manages TPM chips—also supports the function of these self-encrypting drives, including providing “pre-boot” authentication to the PC, setting up security policies or centrally managing all the drives in the enterprise. We teamed up early on with the leading drive vendors and were vocal advocates behind the new Opal secure storage standard published by the Trusted Computing Group. Opal specifications provided a single framework for the design and function of self-encrypting drives. As the only vendor that supports all the drives on the market, and those soon to be made available, we feel Wave has a significant advantage. Also, I would reinforce our strong partnership with Dell as it relates to these drives. Today, when you buy a Seagate or Samsung FDE drive as an option on Latitude or Precision models, Dell bundles our client software with every drive, with Wave receiving an attractive per-unit bundling fee. Moving forward, encryption will just become a factory-integrated solution from the PC OEMs, not an aftermarket software add-on.
With all the reports of data breaches, there’s never been a stronger demand for encryption. Our figures show that self-encrypting drive volume is growing almost 100 percent per quarter in unit volume. With only 1 to 2 percent of the new laptops being supplied with SED drives, there is plenty of room for growth.In fact, the Gartner Group recommends that every laptop should include full disk encryption as a standard feature. I’m proud of our position as a market leader in this category with the best software solution out there for SED drives. Information Week, one of the most widely read media outlets for IT security, published an article in September on the evolution of hardware FDE. It is a good read for those trying to understand this space and Wave’s position. It’s available at http://www.informationweek.com.
We feel that our broad compatibility and “first mover” presence are significant advantages for us as the value of FDE drives is reinforced on an almost daily basis with the growing number of data protection regulations. And because our software was designed from “day one” to work with hardware, we don’t have to worry about any of the vulnerabilities that others have who adapted software applications to work with hardware.
SecurityStockWatch.com: Any recent developments you can discuss?
Steven K. Sprague: : In September, we showcased the most advanced management solution for self-encrypting drives in the enterprise at the Intel Developer Forum in Las Vegas. We demonstrated how our EMBASSY client and server software, used in conjunction with Intel’s new vPro technology on select Centrino chipsets, can dramatically streamline the deployment and management of SED drives. Intel vPro features built-in capabilities that enable IT to “discover” and turn on a PC remotely and our software enhances this capability, securing a remote conversation with a PC, even if it’s powered off. We’re very excited about this development and our strong partnership with the world’s leading chipmaker.
In September, we announced our support and involvement in a pilot open identity initiative for the government, Open Identity for Open Government. Wave joined Yahoo! PayPal, Google, AOL, Citi as digital identity providers offering solutions based on OpenID and Information Card technologies. Under the pilot, visitors to the Center for Information Technology, National Institutes of Health and the U.S. Department of Health and Human Services will be able to register and participate in government websites without having to create new usernames and passwords.
Wave has been developing a service—still in the beta stage—which brings strong, second-factor authentication security to OpenID. By integrating this service with the industry standard Trusted Platform Module (TPM) security chip on individual PCs, user names are replaced by unique, user-protected digital certificates for stronger, multi-factor authentication between the user and service providers—ensuring secure digital identities across the Web. This integration with the TPM also provides easier management for small- and medium-sized businesses whose employees’ access government websites.
SecurityStockWatch.com: What can you say about your customer base?
Steven K. Sprague: Wave sells our products to both PC OEMs and enterprises. Today, our largest PC OEM customer is Dell. Last year we also partnered with Acer, the world’s third-largest PC vendor, which has elected to bundle our client software on several PC models and helped us greatly expand our penetration into Asia. Even though this has been a tough year for the PC industry, we’ve been able to substantially grow our OEM revenue and our software footprint through the distribution per quarter of four to five million copies of our software.
Wave also sells our products to enterprise organizations. We’re seeing substantial growth in the adoption of our EMBASSY Remote Administration Server or ERAS, across all the major industry verticals: healthcare, financial services, education, manufacturing and government. ERAS is our flagship server software for the remote deployment of both SED drives and TPMs. In addition to selling to the government, we’ve also furnished security consulting services to government agencies.
Across the board, we’ve assembled a strong base of OEM partners who are bundling our software with PCs and drives while we are building a growing base of enterprise customers. These enterprises continue to add to the number of licensed seats for our software and every month new customers are arriving. Enterprise software sales are a long term source of growth for Wave. The industry clearly requires the stronger security that hardware provides. As the world begins to transition to hardware-based security for authentication and data protection, Wave is in a great position to profit from the growth of this emerging market in the coming quarters.
http://investorshub.advfn.com/boards/post_new.aspx?board_id=17
On the tape. A Wave mention:
Press Release Source: SecurityStockWatch On Thursday June 10, 2010, 12:01 am EDT
Wave Systems (www.wave.com) (NASDAQ:WAVX - News) announced that the current production version of its EMBASSY® security software is compatible with Hitachi Global Storage Technologies' (Hitachi GST - http://www.hitachigst.com/) Travelstar™ self-encrypting hard drives (http://www.hitachigst.com/internal-drives/self-encrypting-drives/) (SEDs) available through Hitachi's worldwide distribution channels (http://www.hitachigst.com/portal/site/en/buy/) this month.
Mr. Steven Sprague, President and CEO, commented, "We applaud Hitachi's efforts to make Opal-based drives available to the market, giving organizations additional self-encrypting drive choices as more enterprises look to deploy hardware-based encryption. With self-encrypting drives, users can gain the peace of mind in knowing that whatever's on the drive -- trade secrets, intellectual property or confidential employee information -- is protected."
For the interview: www.securitystockwatch.com/Interviews/in_Boardroom_WAVX.html.
http://finance.yahoo.com/news/Security-Solutions-Discussed-iw-3575656765.html?x=0&.v=2
No, only one of the big 3. Jerry Feeney said it yesterday in his presentation at Nobel. You can see and hear it here: www.wave.com/about/investors/webcasts.asp
I don't believe that at all. I still think they want your shares, and are getting them little by little.
I think our future looks very bright.
Have we forgotten we have a BIG 3 Auto maker in the loop and a large consulting firm is going to activate 60,000 TPMs???
Ramsey2, two good posts. I agree with you on both. Thanks
I've never seen it go 10 minutes without a trade. Trade imbalance?
Someone wants to buy at $3.01+ and no one wants to sell to him at that price.
Interesting that there are 3,000 shares on the bid at $3.00 and five minutes into the trading session there are no trades.
What is your reasoning for guessing that amount of time? You could say a year or two also. Why do you say 5-9 months? You must have a reason for 'guessing' that don't you?
Why do you say that? Do you know something we don't?
How long can HP hold out from announcing Wave as Hatachi just did?
Thanks for the reply. eom
I just listened to Feeney again, and I've got say, I thought he did a good job.
Couple of points: expected PC shipments are expected to have a 19.4% increase this year with 55% of shipped PC shipping as lap tops. Lap tops are expected to be 70% of PC shipments by 2012. And of those, Wave expect a lot of SEDs will be shipped in those lap tops, which means quite a bit of revenue for Wave if it is a Dell machine, and hopefully a lot more, if bundled with HP.
This morning someone said that having HP bundle Wave wasn't such a big deal because we only get $.90 per unit. What we are talking about with HP, as far as a bundling agreement, we are talking about the units they are coming out with that have SEDs in them. If we are bundled with HP on the SED units, we receive $7.50 per unit. So, if HP were to ship a million units this year with SEDs, and if we are bundled, we are looking at 7 1/2 million just from the HP bundle plus the $ .90. I think this is significant.
Right now SEDs are an option on Dell. I believe the units that HP are bringing out, the SEDs are standard (although not positive about that), but either way HP is offering SEDs.
I don't think HP wants their customers to have to go to a third party to get the software for the SEDs. I think they would like their customer to open the unit and have the software right there. That is why I hope to see a bundling with HP on their new SED units that are suppose to come out on June 10th
P.S. Can you tell us how many people were in the room to hear his presentation?
One thing to remember however, is that many are hearing Wave's story for the very first time.
Just because we have heard it does not mean that he is not getting Wave's message out.
I couldn't get audio at first either but there is a volume button on the bottom of the screen and it was on mute. Click on that and then move the pointer up and you will get audio.
Interesting point Jerry made is the fact that for 10 years PCs were shipping with UBS ports that sat there before anyone knew what to do with them.
The same thing is now happening with TPMs: i.e. waiting for enough demand and information to turn them on. TPMs are a standard now.
Wave to Present at Noble Financial Conference Monday, June 7th at 4 p.m. EDT
Lee, MA — June 2, 2010 — Wave Systems Corp. (NASDAQ:WAVX www.wave.com) today announced that Steven K. Sprague, President and CEO, and Gerard T. Feeney, CFO, will present at the sixth annual Noble Financial Capital Markets ONTRACK 2010 Equity Conference at 4:00 p.m. EDT on June 7, 2010, in room 2 (Petty) at the Hard Rock Hotel in Hollywood, Florida.
Live Audio Webcast & Replay: available at www.wave.com/about/investors/webcasts.asp where the live and archived webcast will be available for 30 days.
Details are available at www.nobleresearch.com/ontrack/10.htm
About Noble Financial
Noble Financial Capital Markets was established in 1984 and is an equity research driven, full-service investment banking boutique focused on small-cap, emerging growth companies. Noble has offices in New York, Boston, New Jersey, St Louis and Boca Raton
DELL Leads in Health Care Services
Zacks Equity Research, On Monday June 7, 2010, 12:03 pm
Texas-based PC maker Dell Inc. (NasdaqGS: DELL - News) recently tied the knot with Practice Fusion to jointly offer a comprehensive package including hardware, software and other online services to doctors at an affordable price.
Practice Fusion is a San Francisco-based electronic medical record (EMR) provider, which offers free services to doctors and other health care providers.
The partnership will combine Practice Fusion’s web-based EMR service with DELL’s diversified health care suite including desktop and laptop computers, specialized broadband hardware, scanners and printers.
The combined effort will enable small medical practitioners to set up a digital infrastructure for recording patients’ history. Moreover, the partnership claims to replace over-usage of paper systems with an affordable and easy-to-use EMR technology.
According to Gartner, DELL is the leading health care information technology services provider in the world.
On the other hand, the U.S. government's endeavor to grow the information technology industry as a major player in health reform will help drive health care IT spending over the coming years. We believe that DELL, with its strong position, would be able to capitalize on the government’s initiatives.
Recently, Dell also partnered with the American Medical Association to provide EMR support to the latter.
Last September, the company expended a hefty $3.9 billion to acquire Perot Systems Corp. to strengthen its customer base and enterprise solutions capabilities within the health care industry.
This apart, we feel that DELL has the ability to grab a substantial share of the increase in PC shipments along with the increase in IT spending through new, innovative products and aggressive marketing.
The company reported first-quarter revenues of $14.9 billion, up 21% year over year and almost flat compared to the previous quarter. The growth in revenues was due to strength across all business segments, with highest growth witnessed in the Large Enterprise segment which is again attributable to robust growth in server revenues.
Though the potential IT spending, market share gains in health care industry and high growth forecast for the PC industry are positives for DELL, we remain concerned about the competition from Hewlett-Packard Co. (NYSE: HPQ - News), Apple Inc. (NasdaqGS: AAPL - News), Microsoft Corp. (NasdaqGS: MSFT - News), as well as the company’s high debt level.
http://finance.yahoo.com/news/DELL-Leads-in-Health-Care-zacks-939113828.html?x=0&.v=1
Sorry, I don't agree with you or Go-Kite. A bundling agreement will lead to more upgrades. That's the whole reason for a bundling agreement.
I don't believe in coincidences. I am a fatalist, I believe what will be will be.
In 2002 I attended my one and only shareholder's meeting.
On the day of that shareholder's meeting, Microsoft validated Wave, by declaring software alone could not protect the Internet. It took eight long years for all the gorillas to get on board with the right hardware to protect the Internet.
At that time I said: "June is ours". I've taken a lot of heat for that statement, but I have stood by it for eight years, and still believe it.
It is ironic that this year, 2010, I am going to my second shareholder's meeting.
This coming week (JUNE 2010), there are many things that could happen, starting tomorrow morning, June 7th.
Wouldn't it be something if HP now comes out this month (JUNE 2010) and says that Wave is now bundled on the new line of computers they are offering with SEDs?
This June could be the June that says we are a real company and the future looks very very bright for Wave. I can guarantee you this: if I am healthy, I will not wait another eight years to go to my next shareholder's meeting.
I think the stars are align for this June. Here's hoping it all comes true.
The next 24 days will let us know if this is the June we have all been waiting for.
Volume moving up nicely with price appreciation. We still have two major gaps to fill in the mid 30s and mid 50s.
Nice pressure on the up side with the bid and ask.
Well, Monday Wave is meeting with analysts and sometime next week HP will be introducing SEDs. Maybe people involved in these companies see something.
Just passed the 20 day moving average.
No. Have on streaming as we speak.
HP will be coming out with new computers about a week from today. IF, and I say IF we are involved in these computers, I would imagine this is when we might hear something.
Don't know if we will hold here, because we seem to go up, hit a wall on low volume, and then retreat.
But for what it's worth, we are above the 10 day moving average at the moment.