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wavx IS...
That's your idea of cogent thinking? Wait a minute while I jot that down somewhere.
Now, koikaze, here's the deal:
You don't have any of the background here vis a vis WAVX. So rather than opine on whether I know what I'm talking about or not, or whether I'm a good judge of character or a bore or a fool or obsessed or whatever, I gotta wonder why you care? I mean, who asked ya? If you don't like what I have to say, I ain't holdin a gun to yer head makin ya read it.
The facts are these:
Snackman, monitor of the wavx thread, violates TOU more than 99% of the posters anywhere, including the jailhouse. He is allowed to do so because he "manages" a shareholder base that is extremely loyal to him (regardless of the fact that he knows less about the technology he's invested in than your average high school sophomore). He has obviously made it clear to Matt that he can never release me from the jailhouse or he and his little cult will depart for greener pastures. Matt has clearly chosen to make an exemption to his own published rules to accommodate this group (that I lovingly refer to as a cult). I consider that an act of prostitution. To the best of my recollection, he's never even disputed the characterization.
So, koikaze, I suggest you make use of your ignore feature if you find my comments boring. I've been accused of a lot, but that is not usually one of the charges.
Rager: Paulie is a talented homophobe...
who seethes with hostility towards that particular segment of the population. Apparently you feel his "talent" argues for allowances to be made. This, I think, reflects Matt's views as well. Which is why I contend y'all here at IHUB ain't ready for prime time. And never will be.
As to my stay in the jailhouse, I'm here because the monitor of the WAVX thread has demanded I never be released--on pain of his removal of the WAVX cult to another venue. Which is why I refer to your friend Matt as a WAVX harlot. Not that it matters, to tell the truth. As it stands, the jailhouse is an oasis in which I can make three statements a day that can't be deleted by the utter fool who monitors the WAVX board.
I don't expect you to know this, Rager, but the Wavoids read what I have to say regardless of the fact that they have to come here to find me. This is because I have been the rightest person on this stock and this company for something like five years now. They might not like what I have to say, but they know I'm honest about it. It's the one thing I've been after all these years: THE TRUTH!
eamonn: I don't see them selling much...
of anything, at this juncture. If the only user of their product that garners the label "partner" is Papa Gino, how many other users do you think exist? I'm guessing something in the single digits. And those are likely tainted in some fashion. Like, I don't know, IT manager went to Andover with Silver-Spoon Boy.
Eamonn: The Q4 numbers are going to stink. I'm thinking they may be lower than Q3. Talk of cash flow breakeven in Q2, 2006 is equivalent to the DDuck lunacy of a few years back in which the entire Wavoid population expected a stock price of $180+ by, oh, a couple of years ago.
Rager: I thought you liked Paulie's...
homophobic shtick. Or did I dream that?
Joe: Go to the latest slide presentation...
which is now "required reading" for aspiring cult members. If you can look beyond the truly shabby presentation (the lamest team of Apprentice candidates could have come up with something more professional-looking than this), you will find a page called "Strong Partners". On it are the usual Wave Partners--IBM and HP and the others. Set aside the fact that no one at IBM has returned a phone call from Steven Sprague since, oh, 1998 and just pretend there's still some sort of connection between the all these entities for a moment. Anyway, alongside the technology behemoths is that mighty powerhouse of American Capitalism--Papa Gino's Pizza!
One would have to conclude that this is the only actual (albeit partial) implementation of WAVE product that exists on planet earth at this particular time.
dig: and if instead of bundling for a buck...
they're bundling for a penny? Or two or three? I guess it might still beat holding out for an opt-in wishful thinking exercise, given the non-existent opt-in rate.
My guess, based on the history of Steven's negotiating (shall I mention Isophere.com, the garment center fleecing, etc., etc., etc.?), Sonny-boy found himself in the position of needing a Hail Mary to keep the doors open a while longer and made whatever deal the folks at Dell dictated. It will suck, as they all have sucked, and yet the Kool-Aid Krew kontinues, katheters-konnected.
Eamonn: I bet WAVE itself hasn't implemented...
tpms beyond, maybe, some demo capability. If that. You know damn well none of the big boys have. IBM. INTC. Dell. None of them actually use this stuff. Now why would that be? Here's a hint: They have severe reservations about:
a. Cost of implementation
b. Risk that the tech never gets traction.
Business--enterprises--don't like to be pioneers, eamonn. Would you do a wholesale conversion of your system if you had to rely on the likes of near-bankrupt WAVE Systems for any sort of software support? Only if you have a death-wish. Like the moron at Papa Ginos.
Greg: Matt is a WAVX harlot...
of course. All those dimwits who membermark the likes of Snackman have been instructed to pony up. Sad, but true. It's why IHUB will never be ready for prime time.
P.S. Matt will likely delete this. I thought he had a thicker skin than that, but apparently the truth hurts. A little, anyway.
EAMONN: What? No TPMs at your firm?
I thought you had more clout than that. When do you expect to see them implemented? 2009? 2010?
The enterprise sector will not buy the TPM...
concept. Oh, they might buy a computer with TPM, but once they evaluate what it actually does, they are not going to switch it on.
******
By Christopher Hinton
Of DOW JONES NEWSWIRES
The software works with the TPMs to provide additional levels of security, a company spokesman said.
TPMs are essentially hidden from a computer's operating system and therefore safe from software tampering. In combination with security software like Wave Systems',administrators can use the chip for smart signatures, longer authentication codes and as a vault for passwords and encryption keys, the spokesman said.
******
Okay, so you can add an element of protection in the event one of your dimwit salemen forgets his laptop at Starbucks. Of course, you've got to pay for this protection, plus you've got this new thing to worry about--"key management," which if not properly managed can subject you to new horrors that are, well, better left unspoken. (Of course, you can pay for this management, too.) You've also handed control of your computer to certain content providers who can now determine if all of your software is registered and up-to-date. If it's not, well, all of a sudden maybe your old Lotus spreadsheets don't work anymore. Oh, yeah. That's a value proposition for you.
I actually agree with Barge...
on one thing: "Critical mass can ONLY happen on the Consumer side of the TPM equation."
However, I disagree with his conclusion that it will.
The recent Sony debacle is going to taint (even more than they're already tainted) the folks who want to implement DRM, including TCG. The more people learn about what TPMs allow content producers to control, the less they are going to like about the concept. The public doesn't like big brother and TPM looks too much like it.
Joe, now that the Wavoids are near-delirious...
and no doubt back in buy mode, I expect the next PP to be announced within a few days, perhaps as early as Friday. Whatever gains the Wavoids rack up here will be given back within two or three trading sessions. Not that this will in any way diminish Feeney's bonus! Why, he's almost as valuable as Nadig.
amjoe: My guess is Dell put the screws...
to the boys in Lee. I'm guessing maybe two cents per bundle. Perhaps declining by volume. The boys had to do something to prop the stock up prior to the next PP.
How can I be "deluding myself"...
about information never previously disclosed to me and about which I have no details?
I seriously doubt it...
what you said in your private message to me, that is. It would be too uncivil. In any event, if criticism is not public, obviously the one criticized is perfectly free to ignore it.
This is a public company. Conduct of its officers ought not to be confined to private chit-chats, be they ever-so-stern. Only a public stink could prevent these individuals from gorging at the trough again in the not too distant future. And even then, I expect they'll do it anyway.
SKS may be the worst CEO on NASDAQ...
I fully expect him to screw the Wavoids at each and every opportunity if it puts a nickel in his pocket.
He will sell y'all down the river in a heartbeat, John. And why? Because he is a spoiled rich boy with an entitlement mentality. He thinks he's actually earned all that money he makes.
That the cult sits silently by (well, nearly silently) while he and his inept colleague in mis-management, Gerry Feeney, line their pockets with sorely needed cash as they dilute the investors into oblivion would be funny. If it weren't so pathetic.
I'm not arrogant in the least...
except, well, for the part where I claim to be the rightest person on this stock since 1999.
The reason is...
insiders know the stock is headed lower. Period. You all are about to be diluted into oblivion. Or Chapter 11-ed into it. Does the management cabal that supposedly runs this company care? Hardly. They can always re-price stock options later. Which, John, they will not hesitate for an instant to do.
If you don't know by now that the folks in Lee don't give a rat's ass about the so-called investors, you are hopelessly naive.
P.S. Snackman will argue there is no debt on the balance sheet, so no creditors to worry about. This, obviously, is another reflection of his monumental naivete. There are trade creditors galore. In a chapter filing there will be a class of creditors made up of employees (who are owed accrued vacation pay, for example). All it takes is a single class of creditors to approve a plan. If there is anything worth salvaging (and that is a very big if), the management cabal will form this class and will--quite legally--combine with other creditor classes to snatch anything of value. You will scream the loudest.
24601: You will not answer this...
but I would like an explanation for zero insider purchases of this stock at these so-called bargain prices.
Are they still restrained by legal advice that they are in possession of too much inside information?
(Everyone with an ounce of sophistication knows that little nugget--attributed to your CEO--was, well, disingenuous, to say the least.)
Weby: You gotta be kiddin me...
"...I have been accused of having too much patience, but so do Lark and Steven and while it can drive US up a wall....."
The primary difference between you Wavoids and Lark/Steven is fairly obvious. They get paid. Rather handsomely, in fact. They get the salaries and the bonuses and the stock options and the Paris apartments, etc., etc., etc.
You and your collaborators, the little cult known as Wavoids, on the other hand, merely wait. And wait. And wait.
Meanwhile, every deal this company has ever done quietly slip-slides away. You have been fleeced, Weby. Fleeced. These people have been glad-handing you for years. Telling you God-knows-what-all to give you a feeling of inside-ness. The remarkable thing is that a person with your years and your education has remained in denial for so long. Frankly, it really is quite pathetic.
These folks, given half the chance, will sell the cult out in a heartbeat. A heartbeat, Weby. Don't say nobody told ya.
24601: I gather you approve...
of the Wave business model that consists of "Plant every flag."
The same philosophy that Joe Trippi used in guiding the Howard Dean candidacy to the brink of bankruptcy (before he [thank God] self-destructed).
Have you ever actually worked in private industry? In any capacity? Because, John, you don't seem to get it.
In a nutshell, funds are limited. They are supposed to be used to generate a return. They are not supposed to be squandered indiscriminately "planting every flag". Whoever thought that was a good idea apparently went to, oh, I don't know, Andover. I never thought you were one of the silver-spoon boys.
P.S. How is it possible for a person to graduate from Andover and Rutgers and not realize that the phrase is et cetera rather than ekkk cetera? Call me a purist, but I think this usage screams illiterate. For God's sake, even Dubya gets this one right.
P.P.S. to fung derf: Try the Johnny Cash movie. I hear it's pretty good.
Matt: This is an urgent message...
critical to maintaining your present lifestyle.
Mervyn's is having a MONSTER SALE tomorrow!
You can totally load up on khakis. Spend the morning there, than head on over to Supercuts and you'll be good to go.
http://www.mervyns.com/
No it wasn't a prediction...
these were my words in response to a Spin message, "Spin: I think you are right...
and that a reverse split is going to happen relatively soon, possibly before the end of this year."
Perhaps I was unclear in conveying the degree of probability I would attach to that. In spoken form I would have accentuated the word think such that it seemed more like a reasonable hunch and less like certainty. You will no doubt parse this to kingdom come, as usual, but what I meant to say is that I consider it reasonably likely. But I'm not predicting that.
P.S. to Fung derf: Haven't seen any movies lately, but spent Monday night at Staples Center. I think I heard Don Henly dedicate Hotel California to the Wavoids. But, hey, ICBW.
You are, of course, correct on one thing...
that being Mr. Trend's chart is about as scientific and meaningful as a regression analysis based on Steven's daily doughnut consumption.
It's TOTAL B.S. in other words. Any idiot can see that growth has actually decelerated from Q2 to Q3. Plucking a 91% growth rate out of those three points is one of the most idiotic uses of mathematics I think I've ever seen.
I suspect Larry D has made a big bet and he's trying to convince his crowd that it was a smart one. If they are complete novices, they might buy it. One would hope not.
If you thought a reverse split scenario...
was ridiculous (and I didn't actually predict one), you'll no doubt think I'm completely out of my mind when I say I think a chapter filing is ahead. I think in 2006 the boys in Lee pull the plug on the cult. Chapter 11. The cult gets nada, trade creditors get put on hold, and the management teams hangs around and tries to rake in all the chips (if there are any) as long as there's enough cash to pay their salaries. I've seen it happen before, John. These folks are not to be trusted. Everything will be totally legal, of course.
Westergaard? Deja vu all over again...
The same Westergaard that put a price on the famous Pluvia's head? The same Westergaard that sold his services to that stellar stock performer known as Premier Laser Systems? The same Westergaard who, if I remember correctly, remained bullish on PLSIA until about five minutes before they filed for bankruptcy?
Using the Duttons and the Westergaards of this world telegraphs one thing to real investors: Desperation Time.
No one who hopes to sit at the table with the likes of MSFT and INTC and AAPL consorts with these folks. This is too pathetic.
Vacationhouse: Wouldn't surprise me...
in the least to learn that Sonny-boy decided to blow it off (the conference, that is). When you're born with a silver spoon in your mouth, you get that way. This boy has never earned a freakin thing in his life. He was handed a job, handed a title, handed a too-large salary, handed non-performance-based bonuses up the ying-yang, etc., etc., etc.
And for what? Figuring out a way to blow through $300 million in a "plant-every-flag" business plan that doesn't seem to recognize that some flags are not a worthwhile use of resources?
We will never learn why Steven was a no-show. My guess is he was chillin with Nadig in the cellar. Probably got involved in some game and lost track of the time.
Can I point to seven years of messages...
on various boards, on which you maybe objected--in the same weepy, wishy-washy way you did on the WAVX board this morning--once or twice in your entire history? If there's anything other than unequivocal support, it's confined to your own mind. Oh, and maybe those personal notes you penned to the boys in Lee that you were too reluctant to make a public fuss over. You can't have it both ways, John. I don't know what you do or say in private, but publicly it is not an exaggeration to characterize you as an unequivocal supporter. Sorry. I know, the truth sometimes hurts.
That is three and out for me today. Cheers.
I would ask a policy question...
assuming a certain VP of Sales and Marketing of WaveXpress does work out of his home, I would be curious to know if that is widespread at that entity. Is an exception being made for this individual? Or are others lollygagging at home, too? My hunch is there's a bunch of them--cronies, no doubt--who don't even show up at the office! But, hey, ICBW.
That's something, at least...
a tepid objection, but at least an acknowledgment of the obvious. Keep up the good work!
You realize, of course, your so-called management team will continue to laugh all the way to the bank. They will continue to lounge around in their jammies til noon, ride the tractor for an hour or two, and find new ways to spend their non-performance-related bonuses. If there were five bucks left in the bank after paying themselves, they would cut the checks before turning the lights out.
Meanwhile, certain of the more delusional cultists will forgive them. In advance. For just about anything they want to do. It's too hilarious!
A false dawn in Jonestown...
The speculation about anything WAVE being incorporated into the Xbox qualifies for about the thirtieth false dawn the prophets have foreseen. It amuses me that you can be so adamant in your opposition to my suggestion that something like a reverse split is in the offing, yet you walk on eggs in your opposition to the XBOX insanity.
One must be civil within the cult, I imagine. Especially one who has assumed the role of: Defender of the Faith.
Ask a question or two, John. Don't be afraid. They won't dislike you. Well, not too much. Oh, Snackman may delete your messages if they don't measure up to his perception of faithfulness. Naturally, if that happens, you will revert to Silence Is Golden mode. Forever the good Wavoid soldier.
Show me anything other. eom.
If "trusted computing" comes to fruition...
which I doubt, it will benefit lots of investors--but the Wavoids won't be among them. MSFT will never allow this motley crew to sit at the revenue table. I have to think they're already 90% of the way to replicating whatever software solutions WAVX might (in theory) have to offer.
No company managed by semi-intelligent people would trust these jokers from Lee. It is a corrupt organization, mainly in existence to fill the coffers of a certain family and select cronies. The whole world realizes this, I think. Except for a certain cult. Of which you are a card-carrying member.
I didn't listen to the CC...
mainly because I can no longer tolerate the EK Cetras of the supposedly educated CEO. Call me a purist.
I don't imagine any of the cult inquired as to the present rationale for the continuation of the mind-boggling cash sieve otherwise known as WaveXpress. I know, I know, it would be a breach of cult etiquette. Heaven knows civility is the most important thing to you Wavoids.
John, there's an exec of this subsidiary in charge of Sales and Marketing who hasn't actually sold a goddamn thing since he came on board. As far as I can tell, the only thing he has going for him is that he used to mow George Gilder's lawn. That and he helped pioneer the most lurid entertainment show possible--MetaMarkets (in which the world was able to view the train-wreck that was 2000 in slow motion on video-cam). This "Executive" apparently does not even have to report to the freaking office! He works out of his cellar at home. I mean, come on, is this lunacy or what? It would be bad enough if a profitable company were engaged in such wasteful management, but one that is burning cash at $400K per week? Where I come from such behavior is unthinkable. It alone is grounds for the termination of the CEO and wholesale replacement of the entire BoD. (Of course, it ranks about tenth on the list of such grounds, but that's another matter.)
But, hey, Lord knows ICBW. Maybe the man does at least make an appearance at the office from time to time. Hell, I'm open-minded. Educate me.
24601: Reverse split aside...
I didn't see you dispute the contention that your CEO cares more about his horses' feed-bags than about the Wavoids' dinner tables.
You may be one of the handful of longs who is in the black on this investment, but I can't imagine how you justify to yourself your unequivocal support of such a corrupt organization. WaveXpress would be an embarrassment to any public company who really gave a damn about getting value for the shareholders' money. It is so obviously a vehicle for the enrichment of family and cronies that it is beginning to foster paranoid thoughts about the SEC being influenced by politics (i.e., Gilder's participation yielding a hands-off attitude).
Happy Veterans Day!
And thanks to everyone who did their duty.
Spin: I think you are right...
and that a reverse split is going to happen relatively soon, possibly before the end of this year. Steven obviously couldn't care less what happens to the Wavoids' investment as long as there's a way to keep the doors open and the bonus money coming. The horses' feedbags are more important to him than the Wavoid's dinner tables. Obviously.
awk: You can't be serious...
"What has not changed is the projected break-even of Q2/06.
Q3/05 is not an indicator of what will be in Q4/06."
You musta missed the first dozen times the folks in Lee let expectations stand while they went merrily on their way missing them by a country mile.
It's part of the way these people do business, awk. Like the X-box baloney. Steven could very easily put an end to the Barge-led dementia with some candid commentary killing that particular delusion. But he won't. The reason he won't is because he cares more about keeping certain zealots around hyping the company than he does about honest disclosure.
These people are basically dishonest, in my opinion. They never disclose bad news unless it's illegal not to. The chances of reaching cash flow breakeven in Q2 2006 are about the same as the earth veering off course and running into Mars.
eamon, old boy, Q3 was bad...
not only did the sales growth peter out, the increase in deferred revenues was a pathetic $150K.
One must be free-basing the Kool-Aid not to see there is ZERO activation rate from what the Wavoids think of as the installed base. Zero. Nobody turning this thing on. Except for some podunk pizza parlor.
Brace yourself, eamon. The spiral begins.
24601: Please inform Mr. RWK...
that it is obvious he got his accounting education in some third world country. I haven't seen such idiocy since Go-Kite attempted to lecture everyone on fundamental analysis and messed up on the meaning of EPS.
As to Dudash's chart, it's about as meaningful as a map of the bumps on your head. There is actually a decelerating growth rate that should be obvious to even the mentally challenged Wavoids.