is presently fighting off an incurable lung cancer, think I maybe winning (mesothelioma)
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Thanks for that cricketcricket! - Perhaps I'll take this to bed with me, and recite it over & over LOL! - I'm normally in a state of confusion, but usually not where Wave in concerned. Have a good w/end Boom
Hi! eamonn & C2.
It would be nice to be able to respond positively to guests sitting around dinner table, to all the pc hacking questions, especially regarding Wave's tech, which seems to be the topic of the moment here in UK, I understand that the next prototype chip has a lot more clout! - but still a little ways off it seems. I can usually flim flam myself through most Wavx stuff, but would apreciate any help here.
TIA Boom
Gotta' love this stuff! with a b/e of 1.95 + a gr'n machine I just luvit. B
NASDAQ
Last Trade 1800.18 Open 1787.77
Change +18.05 (+1.01%) Prev Close 1782.13
Day's Range 1772.98 - 1800.65 Market INDEX
A recent Yahoo posting!!
don't think HP is coming?
by: jrd0168
Long-Term Sentiment: Strong Buy 08/28/03 11:25 am
Msg: 39556 of 39591
In particular, look for the (in the near future) part.. why is that there???HMMMM
Near future or not, specs are always on computers. Maybe a hint???Nooooooo.
What do you think 'HP embedded' would do? AWWW don't worry- have a good sleep SHORTIES.
Dear *********,
HP systems are shipped with softwares that are thoroughly tested by
professional technicians. These softwares are tested for their
functionality and their compatibility with the hardware of the system.
Hence, any decision that HP takes on providing this software with the
PC's depends on various tests performed on the software. However, if
the software is (in the near future) embedded in the HP systems it will
be notified in the product specification of the system.
It is important to us that we answer your question. If you need
further assistance, please reply to this message, we will be happy to
help you.
Sincerely,
********
HP Consumer e-Support
visit our Web site at http://www.hp.com/go/support.
Original Message Follows:
-------------------------
comments : To Whom it May Concern: I've been reading that IBM is
marketing a C.D. from a Wave Systems that will provide some valauble
services to help secure the p.c. Only problem is that you have to buy
the C.D. Any plans to embed this software for people to buy a secure
p.c. with some value added functionality? I have heard Wave systems has
the best package out there. Seems like a great marketing strategy for
H.P. as well. Thanks,
'tampa123 thanks to you and knute97, for taking the time to attend shm and allowing us all to share your insights, and gives out very good vibes - I would add.
Boom
Hi! wavxmaster. Nicely timed thankyou!.. :?) /e
Serious volume at the mo'
Market likes it!!!!! 3.04
2.88 - Looks like the same old story. e/
mongo ........ Nice posting pal! - more power to your elbow. These d/Thomas's need the odd stiff word of fact! :?) Boom
Nice bids met at 3.10!
zen 88..... No doubt made his killing! - and moved on. B
rachelelise thanks I stand corrected, sorry cmf
cmf... Thats what I heard!!!
'Zeev Hed' CORRECT Intel purchased a license to bundle Wave software. /e
cash flow break even in 04 first 1/4 then incresing thereon per 1/4!
Thanks a bunch that's great.......... mbarr
Damn!!! can't get f'ing connection to work!!
Wave Systems Reports Q2/First Half Results and Highlights Increased Market Momentum
8/14/2003 4:00:00 PM
LEE, Mass., Aug 14, 2003 (BUSINESS WIRE) -- Wave Systems Corp. (NASDAQ: WAVX; www.wave.com), a leader in delivering trusted computing applications and services with advanced products, infrastructure and solutions across multiple trusted platforms, today reported results for its second quarter and six month periods ended June 30, 2003 and reviewed significant recent corporate developments.
Wave Systems reported net revenue principally related to services and license contracts of $34,000 for the second quarter ended June 30, 2003 compared to year-ago second quarter revenue of $78,000. Wave reported a net loss to common stockholders for the quarter of $6,274,000, or $0.12 per basic share, compared to a year-ago net loss to common stockholders of $9,687,000, or $0.19 per basic share. The weighted average number of basic shares outstanding in the second quarter of 2003 and 2002 was 52,096,000 and 50,391,000, respectively.
Wave reported net revenue principally related to services and license contracts of $50,000 for the first six months of 2003 compared to revenue of $323,000 in the comparable year-ago period. Wave reported a net loss to common stockholders for the first six months of $12,668,000, or $0.24 per basic share, compared to a year-ago net loss to common stockholders of $20,932,000, or $0.42 per basic share. The weighted average number of basic shares outstanding in the first half of 2003 and 2002 was 52,096,000 and 50,387,000, respectively.
As of June 30, 2003, Wave had working capital of approximately $4.0 million (including a note receivable from a former officer totaling approximately $1.0 million). The Company has subsequently received approximately $2.6 million in proceeds from the exercise of employee stock options and the note receivable, including all accrued interest, has been paid in full. Reflecting these cash in-flows, Wave expects its current working capital position to be sufficient to fund its operating, sales and marketing and development activities into the first quarter of 2004.
Steven Sprague, Wave's president and CEO, said, "After years of hard work in developing trusted computing solutions, Wave is gratified that industry leaders are now actively embracing this issue, particularly with the formation of the Trusted Computing Group. With announced partnerships with some of the industry's most important participants and an improved financial position, Wave feels it now has established the momentum to play a key role as this very large potential market develops."
Recent Wave Systems developments (for more details, please visit www.wave.com):
-- Intel: In late July, Wave reached an agreement with Intel that
will help enable both companies to accelerate the development
and deployment of trusted applications and services for safer
computing on personal computer platforms. The agreement will
enable Intel to bundle Wave's software and services with a
future Intel desktop motherboard, targeted for trusted
computing platforms for enterprises. Intel said that Wave
helps fill a critical requirement for trusted computing
services and that EMBASSY(R) Trust Suite software will provide
good value for customers looking for trusted computing
applications.
-- IBM: In early August, Wave announced that the Document Manager
Vault and SmartSignature security software applications in its
EMBASSY(R) Trust Suite client software family interoperate
with IBM's Embedded Security Subsystem, a hardware and
software-based security solution already deployed on millions
of IBM PCs and available on select ThinkPad notebooks and
ThinkCentre desktops for business users. The compatibility of
Wave's security software applications with IBM's hardware and
software security solution is a result of Wave's successful
participation in IBM's Independent Software Vendor (ISV)
program.
-- Funding: In April, Wave completed a private placement of $5.5
million of Series H Convertible Preferred Stock and warrants.
The Series H Convertible Preferred Stock is convertible into
7.2 million shares of Wave Systems' Class A Common Stock at an
initial fixed conversion price of $0.76 per share. As part of
the transaction, Wave Systems issued to the investors warrants
to purchase an aggregate of 3.6 million shares of Class A
Common Stock, which have an initial exercise price of $1.13
per share. If exercised in full, these Warrants would generate
approximately $4 million in gross proceeds to the Company.
Wave announced in early August that it had received
approximately $3.6 million in proceeds from recent employee
and ex-employee option exercises and the repayment of a former
officer's loan.
-- Cubic Defense Applications: In late July, the defense segment
of Cubic Corporation forged a strategic partnership to
integrate Wave's EMBASSY(R) technologies into a line of
versatile smart card readers. The readers will be offered in
form factors such as standalone Universal Serial Bus (USB)
devices, trusted computer keyboards, and proximity door access
devices, and will satisfy the new requirements of several U.S.
government agencies, including the Department of Homeland
Security and General Services Administration (GSA). They will
be offered to these agencies and the intelligence community as
part of a new trusted infrastructure concept addressing
multilevel security solutions.
-- Trusted Computing Group (TCG): In April, Wave announced it had
been invited to join the TCG, a new industry group dedicated
to embedding trust and security more broadly into computing
platforms and devices. The TCG works to create open standards
that can be adopted for use in products and solutions across
the spectrum of computing. AMD, HP, IBM, Intel and Microsoft
were the initial promoters of the TCG, with contributing
members including Wave, Atmel, Infineon, National
Semiconductor, Nokia, Philips, Phoenix Technologies and Sony
joining the group to develop, define, and promote
hardware-enabled trusted computing and security technologies.
Recent Wavexpress Developments
-- TVTonic Direct: In May, Wavexpress announced the commercial
availability of TVTonic Direct, a video-caching technology
that is designed to deliver DVD-quality video to the PC. It
avoids bandwidth constraints by saving video files locally on
the PC hard drive. Unlike streaming, the video starts
immediately and can be displayed in full-screen, DVD-quality.
Each video is set to expire automatically, making room for new
content as it arrives. TVTonic Direct customers pay a
per-subscriber license fee, as well as fees for various
related software tools and services.
-- GolfSpan.com: In May, Wavexpress announced that GolfSpan.com,
the number one provider of online golf instruction, had
licensed TVTonic Direct and incorporated it into its website.
GolfSpan uses TVTonic Direct to power "Swing," a service that
delivers video tutorials featuring GolfSpan's elite team of
professional instructors.
-- Howard Dean: In May, Wavexpress announced that Democratic
presidential candidate Howard Dean had licensed TVTonic Direct
and launched " Dean TV," which offers his supporters dedicated
video coverage of the former Vermont governor's campaign.
About Wave Systems
Consumers and businesses are demanding a computing environment that is more trusted, private, safe and secure. Wave is the leader in delivering trusted computing applications and services with advanced products, infrastructure and solutions across multiple trusted platforms from a variety of vendors. Wave holds a portfolio of significant fundamental patents in security and e-commerce applications and employs some of the world's leading security systems architects and engineers.
Safe Harbor for Forward-Looking Statements
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to fund operations, the ability to forge partnerships required for deployment, the success of partners in their deployment of Wave's technology, changes in consumer and corporate buying habits, chip development and production, the rapid pace of change in the technology industry and other factors over which Wave Systems has little or no control. Wave Systems assumes no obligation to publicly update or revise any forward-looking statements.
Wave Systems Corp. and Subsidiaries
(a development stage corporation)
Consolidated Statements of Operations
(in thousands, except per share amounts)
(Unaudited)
Three Months Ended Six Months Ended
June 30, June 30,
-------- --------
2003 2002 2003 2002
------- ------- ------- -------
Revenues $ 34 $ 78 $ 50 $ 323
Cost of Sales 5 39 9 147
Gross Margin 29 39 41 176
Operating Expenses:
Selling, general and
administrative 2,859 4,712 6,703 10,127
Research and
development 1,594 3,232 4,229 6,273
Restructuring costs
and other special
charges -- -- -- 726
Write-off of
intangibles -- -- -- 905
------- ------- ------- -------
4,453 7,944 10,932 18,031
Net Interest income 33 126 56 308
Recovery of note
receivable from
former officer 1,000 -- 1,000 --
Loss on other than
temporary decline
of marketable equity
securities -- (1,908) -- (3,385)
Other income (expense) (3) -- 47 --
------- ------- ------- -------
1,030 (1,782) 1,103 (3,077)
Net loss (3,394) (9,687) (9,788) (20,932)
Accrued dividends on
preferred stock
(including accretion
of discount of $2,800) 2,880 -- 2,880 --
Net loss to common
stockholders (6,274) (9,687) (12,668) (20,932)
======= ======= ======= =======
Net loss per share
- basic ($0.12) ($0.19) ($0.24) ($0.42)
======= ======= ======= =======
Weighted average shares
outstanding - basic 52,096 50,391 52,096 50,387
Wave Systems Corp. and Subsidiaries
(a development stage corporation)
Consolidated Balance Sheets
(in thousands)
June 30, December 31,
2003 2002
------- -------
Assets (unaudited)
Current assets:
Cash and cash equivalents $ 4,331 $10,221
Cash collected on behalf of
charities -- 236
Notes receivable from
officers/former officers 1,023 278
Inventories 1,113 1,113
Prepaid expenses and other
receivables 158 574
Total current assets 6,625 12,422
------- -------
Property and equipment, net 2,368 2,543
Marketable equity securities 4,546 2,881
Other assets 308 363
------- -------
Total Assets 13,846 18,209
======= =======
Liabilities and Stockholders' equity
Current liabilities:
Accounts payable and accrued
expenses 2,474 3,404
Accrued dividends 91 --
Due to charities -- 263
Deferred revenue 83 --
------- -------
Total current liabilities 2,648 3,667
Redeemable Convertible Preferred
Stock 2,788 --
Total stockholders' equity 8,410 14,542
------- -------
Total liabilities and
stockholders' equity $13,846 $18,209
======= =======
Conference Call: Today, Thursday, August 14, 2003 at 4:30 P.M. E.D.T.
Webcast / Replay URL: http://www.wave.com
Dial-in numbers: 212/346-6410 and 415/537-1934
SOURCE: Wave Systems Corp.
Wave Systems Corp.
Gerard T. Feeney, 413/243-1600
info@wavesys.com
or
Jaffoni & Collins
David Collins, Richard Land
212/835-8500
wavx@jcir.com
http://www.businesswire.com
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
Copyright (C) 2003 Business Wire. All rights reserved.
Hi cmf! Wud if I could pal - but smack in the middle of dinner party at the mo'- can't keep dashing to + fro, cus Mrs Boom tends to get a bit excited. ;?) Boom
Message for General Yaya
WAVX rocket now nearly fueled up and ready for take off Sir! with button ignition sequence ready for lift off after CC.
Hoping you will do us the honours Sir
Lt Boom
ps. may need to bring your lighter!
(I think the wicks still a bit damp)
Sure makes for a interesting CC! - only if we get pertinent questions that is?????????
Hi! tampa123.... Nuttin' new! just a verbal rehash of yesterday news I'm afraid! Boom
Jeeeeeeeeeeze - us! - shipping in four days time, may help to make up market minds!!!
Snackman Just have to say this state of affairs is very very sad and most upsetting!! - I'm not sure how the gang will react to this, without you there holding us down!! & hope you will post here as much as poss' - I would like to say however as a Brit, that I think you have completed a scenario to a fantastic & traumatic episode in all our lives! - and I look forward to meeting you personally at the 'inevitable long party'. Best Regards Boomer
Good Work! onesevenus! - a move you won't regret - gott'a stay long and strong, 'cus we're on this rollercoaster to the stars!
Best of luck
Boomer
Hi Weby! - we're still around - but perhaps holding our breath a tad - and just hoping for a positive w/end finish. Boom
OT must'ave been one of Yaya,s looooong lunches! - no way 4.45
2bStealthy.... tophersaint got himself stuck over at the Wavx DD board!
Hi! awk ..Jeeeeze! WHO IS WAVE AND WHAT DO THEY DO? - reading this is just like a dream come true!! - and what with the next CC around the corner, it beggars the question - what with all this publicity, how's it going to effect our future trade expos??
Regards Boom
With all the news coverage Wave is receiving, maybe the Homeland Security guy's might perk up an ear!!
07/30/03
HSD to develop information sharing procedures
By Wilson P. Dizard III
GCN Staff
The Homeland Security Department will develop procedures under which federal agencies will share homeland security information among themselves and with state and local governments, according to an executive order issued yesterday.
The department likely will issue the procedures this fall, and they could affect the IT systems that agencies use to exchange homeland security information, a department spokeswoman said.
The Homeland Security Act of 2002 requires that the president develop procedures for domestic defense information sharing, and in the executive order President Bush assigned the responsibility to DHS secretary Tom Ridge.
The spokeswoman said the procedures would assure that agencies share homeland information in a way that safeguards sensitive and classified information. “It remains to be seen if the [procedure development] process will be public,” the spokeswoman said.
The executive order directs the DHS secretary to coordinate the procedure development function with the secretaries of State, Defense and Energy; the attorney general; the directors of the CIA and the Office of Management and Budget, and other officials.
Howdy yaya! Made it back from SA OK! - seems the lions or the Africaans! didn't make a monkey outa ya.
;?) Boomer
WOW!!!! Volume $4 million in 15 mins!!
GreenWavx Nice One! my thoughts entirely - this is gonna be one heck of a ride!!
;?)
regards Boom
See what the market makes of it!!!Boom
The Inquirer's take on it all!
Wave stock plummets after hack attack
Roller coaster toasts WAVX stock
By Cher Price: Thursday 07 August 2003, 08:54
EARLIER THIS YEAR we told you that Wave was in bed with Intel as part of the secure computing initiative.
Too few of you took our advice and bought the shares then, but last week Intel and Wave confirmed the relationship and the shares soared.
Yesterday, however, the share price of Wave (WAVX) slumped by nearly 31%, a drop of $1.39 on the day, and it's all being put down to a report by a US hack.
According to Ellen Sheng of Dow Jones Newswires, its auditor KPMG said that it was doubtful it could continue as a going concern beyond the second quarter of 2003.
Wave wants to issue additional shares but according to Ellen, the SEC is reviewing a proxy statement the firm made, which is preventing Wave from issuing the shares.
She also said in the article that Wave had signed a deal with IBM to use its software, but we'll be dashed if we can find that deal.
It's all very odd. The day before, Ellen said there was no IBM press release, which didn't stop the WAVX share price soaring them, only to take the RMBS roller coaster route yesterday...
Shareholders are incandescent with rage about the roller coaster effect, which some claim prompted a fit of shorting and frantic feeding.
Boom
WOW Wavx @ £5.20 ...... gotta be sweet!
Larry.... this board is a freebie. Boom
Gee this is what I call fast!
2bStealthy...Nice DD... how does Wave cope with all the new tech' offshoots going down so many roads, or vice a versa, is beyond me! - only hope that for a small Co' the broader application spectrum is hopefully easier for them to encompass.
Regards Boom