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Excellent IDC article from xcslewis
IDC Study Finds Disk-based Data Protection Market to Generate More Than $50 Billion Over the Next Five Year Period
01 Aug 2006
FRAMINGHAM, Mass., August 1, 2006 – Disk-based data protection is a very large market, reaching $8 billion in user IT spending in 2006 and poised to generate more than $50 billion in software and hardware purchases through 2010, a new IDC study reveals. Fueled by increasing regulatory compliance, business continuity, and fast recovery, the disk-based data protection market will continue to expand at a rate two to three times faster than the overall storage market.
"We have seldom seen so much unmet pent-up demand for a market that is already so large," said Robert Gray, research vice president, Worldwide Storage Systems at IDC. "Latent demand is also high in the SMB market. However, traditional storage solutions are totally inadequate to meet current and future demand, creating significant opportunities for innovative suppliers."
"Users want a unified solution approach to data protection, security, and data management, supporting an orientation toward simplicity and integration," added Laura DuBois, research director, Storage Software at IDC. "Storage solution suppliers must build a broad ecosystem of data protection functions through innovation, acquisition or partnership, and collaboration."
The new IDC multiclient study, Disk-based Data Protection - 2006, examines the results of quantitative and qualitative research on current and future adoption of different disk-based data protection approaches and the impact of these approaches on tape technology usage and spending over the next five years. Existing and emerging data protection methods such as backup to disk, replication, continuous data protection (CDP), and virtual tape libraries (VTL) were researched to uncover current and future usage, key requirements, vendor preference, adoption drivers and purchasing inhibitors for these different protection methods. The study includes 2006-2010 market forecast for CDP, VTL, replication, and backup.
http://www.idc.com/getdoc.jsp?containerId=prUS20289706
(edit)Asteroid - The Ameritrade Apex accounts throw in some free bees. I think this is one. (Edit) I just spoke with Ameritrade. This is indeed the case. Apex accounts are exempt from the $20.00 fee.
Stoc
1.90/1.97
1.65/1.90 102K - no charges in any of my Ameritrade Apex accounts
My 2 cents worth
Based on comments by SKS at the SHM management felt that recent news releases would have pushed the stock above $1.00 by now. Under normal circumstances they should have. Unfortunately, Wave has a track record of "Crying Wolf" and the "Wolf" had not been apparent to the masses. The folks at Wave (and some well sighted share holders) have some long range vision that most don't possess. The "masses" have finally started to spot the "Wolf" coming over the horizon.
The disconnect between the potential of this company and its share price is staggering. Many are critiquing SKS for emphasis on market share vs. short term sp and we can debate this until .... freezes over. Wave is showing up everywhere "TCG related." 4 of 5 TPM manufactures, Intel MB's, Seagate FDE's, Diebold, NTT Data, ORC, NCI, Gateway and on and on. Every commonly known name brand had an unknown beginning. Like him or not, SKS is doing a remarkable job of putting the name Wave (which is a way cool name by the way) in the right places at the right time for the best bang for the "future buck." I whole heartedly agree, market share and exposure is most important at this point. When people think TPM security, we want them to think "Wave", and visa versa.
Oh yea, I forgot to mention I get "Wave" in my face every time I log on to and off from this Dell D820. What's that called, subliminal somethin'? This message is being delivered daily to an ever increasing number of eyeballs. Not Symantec, not RSA, not VeriSign, not McAfee, not, not, not. Wave, Wave, Wave. It's there folks in my face several times a day. What an incredible bill board. The marketing strategy is brilliant. Wave is being paid to be in the box and have their name up in lights while the Symantec’s etc are paying to be in the box with no top billing.
Ok now I'll come down from my soap box. Clearly the company is in a precarious position regarding finances. An clearly the RS is distasteful for all including management and employees. I'll pull my Lance Armstrong analogy out of the box one more time. Don't count little ole’ Wave out just yet. The Juggler will look just fine in a "yellow jersey."
Stoc
JKIRK57 - It's my understanding that if WAVXD remains above a min closing bid of $1.00 and a market cap of $50 million for 10 straight trading days everything resets. However the NASDAQ left themselves options:
"The Panel has reserved the right to extend the period of consecutive trading days or impose other conditions if, during the 10 day period (or longer period, if extended), the Panel determines that such conditions are required to demonstrate that Wave is able to maintain long-term compliance with the minimum bid price and other listing requirements. The Panel has also reserved the right to reconsider the terms of Wave's continued listing based on other developments that would make continued listing inadvisable or unwarranted."
player - The source of my figures
"Lee, MA – July 25, 2006 – Wave Systems Corp. (NASDAQ: WAVX – www.wave.com) announced that following shareholder approval at a special meeting held here yesterday, the Company's Board of directors has approved a 1-for-3 reverse split of the Company's Common Stock. The reverse stock split will be in effect at the commencement of trading tomorrow, July 26, 2006, with Wave's Common Stock trading temporarily under the symbol “WAVXD.” The reverse split is being implemented for purposes of regaining compliance with the $1.00 per share minimum closing bid price requirement for continued listing on the Nasdaq Global Market (previously known as the Nasdaq National Market). For each three (3) shares held, Wave shareholders will receive in exchange one (1) new share of Wave Systems common stock. Shareholders otherwise entitled to fractional shares as a result of the reverse stock split will receive cash payments in lieu of those fractional shares. Giving effect to the reverse split, the number of common shares issued and outstanding (Class A and Class B combined) will be reduced to approximately 36.3 million (from approximately 109 million). Shareholders' percentage ownership in the Company will remain unchanged as a result of the reverse split.
Commenting on the reverse split and Wave's listing status, Steven Sprague, CEO of Wave, said, “We are gratified that our shareholders strongly supported the Board's view that the reverse stock split will help us to retain our listing on the Nasdaq Global Market. The Board has elected to pursue the 1-for-3 ratio as it should allow Wave to comfortably meet the $1 minimum bid price requirement. We continue to view continued listing on the Nasdaq Global Market as important to the strategic interests of our Company and its stockholders.”
Earlier this month, Wave received notice that a Nasdaq Listing Qualifications Panel (the “Panel”) granted Wave's request for continued listing on the Nasdaq Global Market, subject to implementing the reverse stock split and meeting certain other conditions. On or before August 8, 2006, Wave's minimum closing bid price must be at least $1 for a minimum period of 10 consecutive trading days. The Panel has reserved the right to extend the period of consecutive trading days or impose other conditions if, during the 10 day period (or longer period, if extended), the Panel determines that such conditions are required to demonstrate that Wave is able to maintain long-term compliance with the minimum bid price and other listing requirements. The Panel has also reserved the right to reconsider the terms of Wave's continued listing based on other developments that would make continued listing inadvisable or unwarranted.
Wave believes that the reverse stock split will enable the Company to regain compliance with the $1 per share minimum closing bid price continued listing requirement. However, there can be no assurance that this result will be achieved or that Wave will maintain the listing of its common stock on the Nasdaq Global Market. Wave is currently in compliance with all other continued listing criteria for the Nasdaq Global Market."
zen - "Earlier this month, Wave received notice that a Nasdaq Listing Qualifications Panel (the "Panel") granted Wave's request for continued listing on the Nasdaq Global Market, subject to implementing the reverse stock split and meeting certain other conditions. On or before August 8, 2006, Wave's minimum closing bid price must be at least $1 for a minimum period of 10 consecutive trading days. The Panel has reserved the right to extend the period of consecutive trading days or impose other conditions if, during the 10 day period (or longer period, if extended), the Panel determines that such conditions are required to demonstrate that Wave is able to maintain long-term compliance with the minimum bid price and other listing requirements. The Panel has also reserved the right to reconsider the terms of Wave's continued listing based on other developments that would make continued listing inadvisable or unwarranted."
The magic number is ~1.38. How bout a nice funding announcement!
1.30/1.50 37.7K
Vader- watch cinn and arcx on Level II. Several times this morning and most of Friday afternoon they put just a couple hundred shares on the ask equal to or below the bid. This effectively locks the trading and gives the apperance of a declining share price. They pop in for a while then back off. Draw your own conclusions.
Tying it all together
This would seem to be a perfect connection to the Dell/Wave solution considering ORC, NCI and eventually Seagate with the 5400FDE drive. This is the only case hardened hardware combination to "Get it done, and soon."
http://news.zdnet.com/2100-1009_22-6088937.html
"The U.S. government has 45 days to upgrade its security standards for protecting the data it holds on millions of U.S. citizens.
The Office of Management and Budget (OMB), which operates under the White House, sent a "Memorandum for the Heads of Departments and Agencies" (click here for PDF) on June 23 requesting the implementation of new security standards and practices concerning data.
The request comes in the wake of several embarrassing government security breaches due to losses of laptops holding sensitive information. Many of the incidents resulted in an accidental release of Social Security numbers and dates of birth--two key pieces of data used in identity theft.
Perhaps the worst breach took place May 22, when the Department of Veteran Affairs lost the personal data of 26.5 million U.S. veterans and their spouses after a laptop was stolen from the home of a government employee. Other government agencies that have recently lost sensitive data include the Federal Trade Commission, the Department of Agriculture and the Department of Energy.
The new standards include encryption for all data on notebooks and mobile devices unless it is specifically classified as "nonsensitive" in writing by a Deputy Secretary or other empowered superior. Agencies must additionally require two forms of authentication to access the information, such as a password and key card system.
Government employees must also employ "time-outs" that require the user to re-authenticate every 30 minutes for both remote access and mobile devices. All data downloads must be logged, and sensitive data may remain on a laptop or handheld for a maximum of 90 days, unless specifically permitted for a longer period. The memo includes a list of guidelines from the National Institutes of Standards and Technology (NIST) on protecting information.
While the new procedures are presented as a "recommendation" from the OMB, Deputy Director Clay Johnson III adds that the office will be sending government inspectors to see that the request is properly and promptly carried out. The OMB has provided a flowchart illustrating the steps it would like agencies to take, in addition to procedural lists.
"Most departments and agencies have these measures already in place," Johnson said in the memo. "We intend to work with the Inspectors General community to review these items as well as the checklist to ensure we are properly safeguarding the information the American taxpayer has entrusted to us. Please ensure these safeguards have been reviewed and are in place within the next 45 days."
In less bureaucratic terms, the sentiment seems to be: Get it done, and soon.
Data loss has been a point of contention in the private sector as well. Many companies, or their affiliates, have lost customers' personal data. In June, approximately 243,000 Hotels.com customers were put at risk via an Ernst & Young laptop loss, and 1.3 million Texas Guaranteed Student Loan company customers had their data exposed.
In March, data on 200,000 Hewlett-Packard employees was affected by a loss. Ohio University and the University of Southern California have also recently experienced breaches of information."
****************************************************************
NCI/ORC
the government purchase platform has been established.
http://www.wavesys.com/news/press_archive/06/060314_Q4WAVX.html
"NCI Information Systems, Inc. : In December Wave teamed with NCI Information Systems in connection with a contract awarded by the United States Army Information Systems Engineering Command (USAISEC) to NCI to provide information systems engineering and information technology support to the USAISEC, and other federal agencies worldwide. The terms upon which Wave will participate in the project are subject to the completion of one or more subcontracts to be entered into between Wave and NCI.
Operational Research Consultants, Inc.: In January, Wave teamed with Operational Research Consultants, Inc. (ORC) in connection with the first Blanket Purchase Agreement award issued under the new U.S. General Services Administration "Authentication Products and Services" Category Special Item No. 160 32, part of existing IT Schedule 70 (the "ORC ACES BPA"). The terms upon which Wave will participate in the project are subject to the completion of a subcontract to be entered into between Wave and ORC."
Dell is the largest supplier of government computer systems and, to my knowledge, the only one currently able to supply interoperable networked hardware security.(I'm sure I will be corrected if this is not the case.)
Seagate
http://www.seagate.com/docs/pdf/marketing/po_momentus_5400_fde_bb.pdf
I would not be a bit surprised to see a mandate, similar to that of the U.S. Army, that all future laptops dealing with sensitive government and corporate data be TPM and (as soon as Seagate can supply the volume) FDE equipped. Wave is currently the interoperable "glue" holding it together. the motivating force, as always, with be financial. From a legal stand point, it will be far less costly to incorporate thse security features than not.
http://www.commongroundcommonsense.org/forums/lofiversion/index.php/t57015.html
"WASHINGTON (AP) -- A coalition of veterans' groups charged in a lawsuit Tuesday that their privacy rights were violated after thieves stole personal data on 26.5 million military personnel from a Veterans Affairs employee.
The class-action lawsuit against the federal government, filed in U.S. District Court in Washington, is the second suit since the VA disclosed the May 3 burglary two weeks ago.
It demands that the VA fully disclose which military personnel are affected by the data theft and seeks $1,000 in damages to each person -- up to $26.5 billion total. The veterans are also asking for a court order barring VA employees from using sensitive data until independent experts determine proper safeguards.
Army - out in front
http://www.wavesys.com/news/press_archive/06/060206_WAVX.html
"The new published Army specification details a requirement for desktop and laptop personal computers to be equipped with new open security chip hardware called the Trusted Platform Module (TPM). The TPM provides a very low cost hardware security solution that can be used to enhance the security and integrity of the computer."
This could be an explosive combination if Wave can hold on just a bit longer! (of course IMO)
Stoc
Go - believe me, many here share the same frustrations. It is human nature to be most satisfied by accomplishing the most difficult tasks. This has been one h*lll of a mountain to climb. We're all exhausted and nearly out of perseverance. Unfortunately, we've lost a few fellow climbers on the ascent. The summit is clearly in sight. It's not a mirage. "BE by Q7 2007 with only currently known OEM deals."
Let's stay focused and help each other for the final assault. I have a strong feeling it will be worth the effort.
Stoc
oknpv - Excellent!!!!!
Thanks for the link. I've been present, either in person or web cast, for many of Steven's presentations. This was outstanding both in presentation and content. My "feeling meter" has been running a bit low since Friday's announcement of the "RS." After listening to that presentation I'm shaking down the piggy bank.
Points I really liked.
1. Interoperability - With Wave any computer brand with a TPM talks to any other brand. HP only talks to HP. With that statement HP fell totally off the "leader board." Knowing that all business computers will ship with TPM's next year would you as an IT manager recommend HP? Software - they either fix it, change partners or loose a big chunk of market share to Dell and others.(or Wave gets a whole bunch of upgrade customers)
2. The Army's requirement for all future computers to be TPM equipped. "They speak like they now have the hardware so who supplies the ammo." Brilliant customer focused analogy.
3. Projecting solid sales/revenue growth quarter to quarter going forward.
4. Recently begun phase 2 of the economic plan - focused sales to enterprise customers. A weekly conference call with Dell and potential customers yielding 12 or so solid leads with companies of all sizes.
5. Wave's market share is rapidly increasing and distancing the other(s).
6. Break even is achievable with only current known OEM deals by Q2 2007. This is a huge commitment of which I would think he is nearly 100% certain for the number of times he has gone on record in a public forum. So pick your upgrade percentage and calculate your own "prior to Q2 2007" date.
7. And what impressed me the most. He said to the group, with real product in hand, and I paraphrase, This is a Dell D620 which comes bundled with Wave software. (my words)It's real, it exists, it's not just a hope, an idea, a dream. It's real and here it is, you can touch it and you can buy it now!!!!!!!!!!!
and
In the next few years ALL computers will ship with TPM's with Wave supplying the software for 4 out of 6 manufactures.
I realize most of these points are nothing new to "us", but to have the puzzle pieces all presented so well at one time gives you a picture of what we are involved in. AWESOME
I would highly recommend that all with the capability take the time to listen to the 20 presentation before it disappears.
Maybe if we asked real nice, Unclever would be kind enough to provide a transcript.
Stoc
theguvna - I'll look forward to it./e
Stoc
Gowave - In the Beginning...
"Papa Gino's is currently the only enterprise customer. Concerns?"
Of course, but
There always has been and always will be a "first".
_________ is currently Dell's only customer. Concerns?
_________ is currently IBM's only customer. Concerns?
_________ is currently Microsoft's only customer. Concerns?
_________ is currently Intel's only customer. Concerns?
_________ is currently _______'s only customer. Concerns?
Success is certainly not guaranteed, even failures had their beginning. However, the TPM universe is expanding not contracting. At present it appears Wave is on point and the real and potential deals are definitely expanding.
The "RS" has been discussed ad nauseam. Only management knows their true motivation. The rest is simply speculation and opinion.
Here is mine: I find a "RS" very distasteful. Once again the shareholders are apparently (hopefully temporarily)carrying the load. Maybe I'm naive, but I do believe (hope) this is the reasoning: If you’re going to play golf with the big shots you have to keep up your club membership. The Dell's, Gateway's, Intel’s, STM's, Seagate's, Broadcom's, Winbond's, Diebold's, NTT Data's, NCI's, etc. are card carrying club members. Wave has finally made the cut and is in the tournament.
As has been stated over and over, NASDAQ doesn't give a hoot about "We hope," "We think," "It's coming," "Sure looks promising," etc. They want a definite plan, no "ifs", no "buts", and no "maybes" - A PLAN.(period)
Plan: "A scheme, program, or method worked out beforehand for the accomplishment of an objective: a plan of attack."
This "plan" appears to let Wave stay in the game until the 24th of July. Here's hoping the golf lessons and newly engineered clubs will yield a few surprise shots (we saw a couple this am - expanded licensing agreement and the D420) before the "24th hole" and allow them to advance to the money round.
I was unable to monitor Steven's remarks yesterday, but if he did indeed restate finalizing the NTT Data agreement by the end of Q1 it must be immanent, and that can't be bad.
As we all know, even if approved, the split doesn't have to be implemented. It does give management "more control" and more shares available for future "PP's". I know, "the shelf" is dollar based, but you still have a larger quantinty of issuable shares based on the 150 million ceiling.
The historical percentage of a successful RS is not good, primarily because the typical participant is dying a slow death from "lack of potentialitis." This is certainly NOT Wave's problem. So conventional percentages may not apply in this case.
Take the emotions out of it and look at the list of "golf buddies." STM and Dell are enjoying Wave's company and have just invited them for another round. Seagate has been busy finishing up with their win of the "Maxtor Invitational," but it looks like they will be coming aboard on the back nine. HP is involved in a "twosome" with Infineon and may be moving down the leader board. After the lunch break the parings may be different.
I wonder who played the first few rounds with Tiger?
There are probably many who wish they had.
Wave has limited options. As has been quoted by management, the company has been kept alive by a loyal following of shareholders. Let's hope this truth is not lost when it comes time to dole out the rewards. The RS is a necessary evil at this point, but apparently the lesser of. It can be reversed with a success based "S" or two down the road.
Clearly there are those on the "other side" that would revel in the failure of the company and long time shareholders. They are grinnin' from ear to ear looking down the sights of the RS and placing their bets on historical percentages. They just may be looking down the wrong end of the gun and it might just blow up in their face.
If nothing more than a symbolic gesture, it would be nice to see management take a temporary salary adjustment or pick up some shares to bolster confidence. I've never felt it appropriate for the parents to eat steak while the kids are eating beans.
In closing let me offer this suggestion: I own many more shares than conventional investing wisdom would dictate. I have satisfied myself with the validity of the need(which becomes more apparent daily), and the potential of the company and its products. Were it not for the ongoing financial funding requirement I would be comfortable. What "is", "is". Me venting and publicly expressing my negative sentiments is not going to change what "is," nor is it going to contribute in any way toward a desired positive result. Negativity only feeds ammunition to those on the "other side."
As stated by others, based on the spit ratio, Wave does face the possibility of falling below the minimum market cap requirement for continued listing even if the sp is above $1.00. Let's all "pull together" to assist supporting the share price, both in thought and statement.
Remember: Your beliefs and statements may be a factor in shaping your reality. There is no downside to following a positive path.
I would suggest that concerns and comments be directed to management via email, fax, phone, snail mail or pony express. They have a responsibility to shareholders and we are many.
Disclaimer: I am not by any stretch of the imagination a golfer!
Stoc
etkd - Nice. another addition to the Wave Family
http://www.dell.com/content/products/productdetails.aspx/latit_d420?c=us&cs=04&l=en&s=bs...
"User & System Security:
Integrated Smart Card Reader, Trusted Platform Module 1.2 and optional UPEKTM finger print reader. Wave EmbassyTM Trust Suite by Wave Systems security software."
Spot On - My D820 has been delayed twice due to a shortage of fingerprint readers. This article just confirms that the demand is much higher than Dell's expectations. Is there any doubt that TPM, fingerprint reader equipped consumer machines are soon to be available at a store near you? Keep in mind, as it stands now, you have to go through Wave to use the fingerprint or smartcard reader on a Dell Latitude or Mobile workstation.
Stoc
"tipping point" aka
FDE = #1 on the list is a non event
Veterans Data Breach- Reported on May 22, 2006. This is the largest breach of its kind--ever. The personally identifiable information of 26.5 million veterans is stolen.
http://idtheft.about.com/od/dataandstat1/a/2006_breaches.htm
AWK - nice recap on FDE. It's coming in spades.
"Why is FDE important?
The benefits of FDE are apparent with every report of a lost or stolen laptop. The numbers are staggering. In 2001 over 591,000 were lost or stolen—an increase of 53 percent over the previous year. While the loss of a laptop is a considerable expense, the cost of exposing sensitive business or personal data is far more serious. IBM learned this in 2000, when a subsidiary lost a disc drive with personal information about a client’s customers1. The direct financial impact was in excess of $500,000—and that for a desktop disc drive that costs approximately $100.00 today. More recently, Oklahoma State University reported that a lost laptop2contained the names, Social Security numbers, gender, ethnicity, class and e-mail addresses for present and former students. The university declined to reveal the number of students whose information was compromised.
Unfortunately, accompanying this trend has been a staggering growth in identity theft and its attendant Internet fraud. A 2003 FTC survey3 showed that over a one-year period nearly 10 million people—or 4.6 percent of the adult population of the U.S.—had discovered that they were victims of some form of identity theft. Surprisingly, 72 percent of the credit card or identity losses were due to off-line, not online, theft. Off-line theft includes stolen laptops. With so much criminal activity directed at exploiting lost data, it is no surprise that there is heightened interest in protecting against such data disasters."
This was 4 years ago - think it's getting any better?
http://www.idtheftcenter.org/facts.shtml
FACTS & STATISTICS
Find out more about the nation's fastest growing crime.
More than ever, the information explosion, aided by an era of easy credit, has led to the expansion of a crime that feeds on the inability of consumers to control who has access to sensitive information and how it is safeguarded. That crime is identity theft.
Please note: ITRC's 2003 study: Identity Theft- The Aftermath -2003 is now out. It is filled with information and was co-written with Dr. Dale Pletcher (CSU Sacramento, Economics Dept. (click to study)
Identity theft remains the #1 concern among consumers contacting the Federal Trade Commission. Their fears are not unfounded. The facts on identity theft speak for themselves.
According to 2 studies done in July 2003 (Gartner Research and Harris Interactive), approximately 7 million people became victims of identity theft in the prior 12 months. That equals 19,178 per day, 799 per hour, 13.3 per minute.
The incidence of victimization increased 11-20% between 2001-2002 and 80% between 2002 -2003 (Harris Interactive). This same study found that 91% of respondents do not see an "end to the tunnel" and expect a heavy increase in victimization. 49% also stated that they do not feel they know how to adequately protect themselves from this crime.
The new ITRC study, Identity Theft: The Aftermath, reveals the following
1. Victims now spend an average of 600 hours recovering from this crime, often over a period of years. Three years ago the average was 175 hours of time*, representing an increase of about 2470%.
2. Based on 600 hours times the indicated victim wages, this equals nearly $16,000 in lost potential or realized income.
3. While victims are finding out about the crime more quickly, it is taking far longer than ever before to clear their records and recover from the situation.
4. Even after the thief stops using the information, victims struggle with the impact of identity theft. That might include increased insurance or credit card fees, inability to find a job, higher interest rates and battling collection agencies and issuers who refuse to clear records despite substantiating evidence of the crime. This "tail" may continue for more than 10 years after the crime was first discovered.
5. Based on the ITRC study, today the business community loses between $40,000 - $92,000 per name in fraudulent charges, based on reported fraud losses seen by surveyed victims. While this conflicts with other findings by other groups, there was a wide range of responses by the ITRC study respondents. The answer is that we may never know the true financial impact of this crime due to mis-classification of identity theft crime definitions by the business community and by victims.
6. The emotional impact on victims is likened to that felt by victims of more violent crime, including rape, violent assault and repeated battering. Some victims feel dirty, defiled, ashamed and embarrassed, and undeserving of assistance. Others report a split with a significant other or spouse and of being unsupported by family members.
7. Today victims spend an average of $1,400 in out-of-pocket expenses, an increase of 85% from years past.
8. Approximately 85% of victims found out about the crime due to an adverse situation - denied credit or employment, notification by police or collection agencies, receipt of credit cards or bills never ordered, etc. Only 15% found out through a positive action taken by a business group that verified a submitted application or a reported change of address.
9. Victims report a lack of responsiveness from those entities to whom they turned for help similar to results reported in 2000*. These include police, collection agencies, credit issuers, utility companies and financial institutions.
A GAO study on identity theft (GAO-02-363, issued March 2002) discussed costs to federal agencies -- The executive office for U.S. Attorneys estimated cost of prosecuting a white-collar crime case was $11,443. The Secret Service estimates the average cost per financial crime investigation is $15,000.The FBI estimates the average cost per financial crime investigation is $20,000
A preliminary study done by ITRC shows that the majority of id theft criminals are repeat offenders. Other convictions include substance abuse, narcotic trafficking, violent crime, robbery and immigration issues.
The average arrest rate (according to law enforcement) is under 5% of all reported cases by victims.
The 2002 FTC Annual Report revealed the following: (www.consumer.gov/sentinel)
Top 10 locations in # of victims (in order): Washington D.C., California, Arizona, Nevada, Texas, Florida, New York, Washington, Maryland, Oregon
* Study done in 2000- Nowhere to Turn, done by Privacy Rights Clearinghouse and CalPIRG. Found at www.privacyrights.org Revised 9-03
A Chronology of Data Breaches Reported Since the ChoicePoint Incident --
"Almost 82 million Americans have had their personal information compromised since February 2005". That's in 15 months
http://www.privacyrights.org/ar/ChronDataBreaches.htm
The list is long!
For those contemplating a purchase: Keep in mind Dell desktops with TPM's include the ESC and not the ETS Lite. The Notebooks have both. TTBOMK
Stoc
gokite - I realized you probably went for the Ferrari. I just wanted folks to be aware that a very reasonably equipped D820 is substantially less.
Also, have you seen the WUXGA screen? At 1920x1200 on a 15.4" screen text gets mighty small, though it is beautiful. My last Dell was UXGA and it was too much for my aging eyes.LOL I ended up having to use the Large 120dpi setting which cuts off some of the dialogue.
Anyway I just speced out an 820 with the options you listed. You may have additonal items and a more expensive warranty, but there was another recent price drop which Dell will honor. You should be able to secure another $150 to $200 off this price through your sales rep bringing the total in somewhere under $2300 netting a $500-$600 savings. The best discount I've been able to secure on a new GX620 is around $200.
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Description
Latitude D820
Date & Time: May 23,2006 5:37 PM CST
SYSTEM COMPONENTS
Latitude D820 Qty 1
Intel® Core™ Duo T2600 (2.16GHz) 667Mhz Dual Core, Genuine Windows® XP Professional, SP2, with media Unit Price $2,881.00
$400 Instant Savings on select Latitude notebooks priced $1,599 or more!
Special Offer
- $400.00
Catalog Number: 4
Module Description Show Details
Latitude D820 Intel® Core™ Duo T2600 (2.16GHz) 667Mhz Dual Core
Operating Systems Genuine Windows® XP Professional, SP2, with media
LCDs 15.4 inch Wide Screen WUXGA LCD Panel
Memory 2.0GB, DDR2-667 SDRAM, 2 DIMMS
Internal Keyboard Internal English Keyboard
Graphics 512MB NVIDIA® Quadro NVS 120M TurboCache™
Hard Drives 80GB Hard Drive, 9.5MM, 7200RPM
Fingerprint Reader for Added Security Touchpad with UPEK® Fingerprint Reader
Floppy Drive No Floppy Drive
Bluetooth Dell Wireless® 350 Bluetooth Module
AC Adapter 90W A/C Adapter
Optical Drive - Modular 8X DVD+/-RW w/Roxio Digital Media™ and Cyberlink Power DVD™
Wireless LAN (802.11) Intel® 3945 802.11a/g Dual-Band Mini Card
Resource CD No Resource CD
Batteries 6 Cell Primary Battery
Hardware Support Services 3 Year Mail-In Economy Plan
Onsite System Setup No Onsite System Setup
Miscellaneous Latitude D820
Purchase Intent Purchase is not intended for resale.
TOTAL:$2,481.00
gokite - they can be had for a lot less with a reasonable list of options. Here is the spec sheet on the D820 I ordered earlier this month.
The D620 I had was plenty speedy with the 1.67Ghz Core Duo. WSXGA Screen offers a good balance between improved viewing angles and readable text size. For most, an 80 gig drive is sufficient. I went with 512mb ram cause its much cheaper to add the attitional 512. Didn't need or want the broadband card. For $2900 You could geta D820 and a GX620. The sub total at the bottom of the page actually was reduced to $1220 due to a price drop after the order was placed.
Order Details
Order detail
Order number: 963425840Latitude D820, Intel Core Duo T2300, 1.67GHz, 667Mhz, 2M L2 Cache, Dual Core Qty: 1 Unit Price: $1,270.00
[222-1261] Latitude D820, Intel Core Duo T2300, 1.67GHz, 667Mhz, 2M L2 Cache, Dual Core
[320-4610] 15.4 inch Wide Screen WSXGA+ LCD for Latitude D820
[311-5676] 512MB, DDR2-533 SDRAM, 1 DIMM for Dell Latitude Notebooks
[310-7270] Internal English Keyboard for Latitude Notebooks
[320-4612] 256MB NVIDIA Quadro NVS 110M TurboCache, Latitude D820
[341-2979] 80GB Hard Drive 9.5MM, 5400RPMfor Dell Latitude DX20
[465-2876] Touchpad with UPEK fingerprintreader, Latitude D820
[340-8854] No Floppy Drive for Latitude D-Family Notebooks
[465-2039] Windows XP Professional, SP2 with media, for Latitude English, Factory Installed
[430-1487] Dell Wireless 350 Bluetooth Module for Latitude
[310-7284] 90W AC Adapter for Latitude D-Family
[313-3883] 8X DVD+/-RW with Roxio CreatorDell Edition Digital Media andCyberlink Power DVD, for Latitude 120L
[430-1483] Dell Wireless 1390 WLAN (802.11g,54Mbps) Mini Card Latitude
[313-3935] Resource CD w/ Diagnostics andDrivers for Latitude D820 Note
[312-0389] 6-Cell/56 WHr Primary Battery Latitude D820
[310-7688] Large Nylon Carrying Case for Dell Latitude D-Family Notebooks
[310-7430] Quick Reference Guide for Latitude D820L, Factory Tied
[950-8540] Type 7 Contract - Mail-In Service, 24x7 Technical Support, Initial Year
[950-8542] Type 7 Contract - Mail-In Service, 24x7 Technical Support, 2YR Extended
[982-5768] Thank you for choosing 3 Year Economy Plan
[983-2207] Thank You for buying Dell
[983-2217] Please visit WWW.Dell.COM
[900-9987] Standard On-Site Installation Declined
[462-4506] Purchase is NOT intended for resell
[464-8855] Special Offer - $110 off
Subtotal: $1,270.00
Shipping and Handling: $0.00
Tax: $85.70
Total: $1,355.70
helpful - nice "Dots"/e
cs & nick - I suspect weekend web maintenance. "Wave Systems" is still on the same pages. Nick, here is a GX620 link refering to the included TPM.
http://www.dell.com/content/products/productdetails.aspx/optix_gx620?c=us&cs=04&l=en&s=b...
If you click on "Learn more about TPM", then click the TPM tab you will see at the bottom:
"Customers who deploy TPM should also purchase Wave Systems Embassy Trust Suite from Dell Software & Peripherals to enable full TPM features including key archival and migration."
Stoc
xxxxcslewis - very nice find!!
Wave After TPM Wave
MAY 11, 2006 | Imagine a world where users don't lose their passwords. A world where a lost laptop doesn't cause a security panic. A world where files can be safely stored so that no unauthorized users -- not even your own IT staff -- can peek at them.
Sound futuristic? Some enterprises are already starting to see such capabilities in their own networks, thanks to standards from Trusted Computing Group and software such as Wave Systems Inc.'s Embassy Trust Suite Version 5.1, which was introduced earlier this week.
ETS 5.1 is one of the first PC security packages to take full advantage of TCG's Trusted Platform Module (TPM) 1.2, a set of specifications that enables vendors to add a "security chip" microprocessor to any PC.
TPM 1.1 chips made by vendors such as Atmel, Broadcom, and Infineon, have become standard issue on most PC hardware, but PCs that use TPM 1.2 only began shipping a few months ago.
"Using TPM and Embassy Trust Suite has made a huge difference in the way we administer security," says Chris Cahalin, network manager at Papa Gino's, which operates some 400 restaurants throughout New England. "It's not only made our client machines and files more secure, but it's given us a lot more control in IT."
ETS 5.1 is a set of security tools and applications that leverage TPM chips to encrypt files, folders, and passwords on a laptop or PC, leaving the key only in the hands of the end user and the IT department. The keys can be given out in the form of smart cards, or the user can be authenticated via biometrics or certificate.
The net result is that users of TPM 1.2 and ETS 1.1 can lock their hard drives, folders, and files via an encryption key that can only be decrypted by the authorized user. A thief would not be able to read any of the files on a stolen TPM laptop, and even users inside the company can be locked out of sensitive files on any end station.
"Our vice president of finance can set up a 'virtual vault' for payroll information that only he and a few other select people can see," notes Cahalin. "Even the people in IT are locked out, unless they have a very good reason to see it and they get authorization to use the key."
ETS 5.1 and TPM 1.2 also offer new password management functions and a sophisticated wizard to help new users set up their security options and settings. "We've seen some of our customers really cut down on the time they spend administering passwords," says Steven Sprague, president and CEO of Wave Systems.
Although most new PCs have TPM, many enterprises have yet to turn on their functionality, Sprague concedes. "I would encourage every enterprise to take a few of their new PCs into the lab, turn on this technology, and see what it can do," he says. "It'll change the way they look at end-user security."
Cahalin agrees. "We've completely rewritten our security policies to take advantage of TPM, and it's made a difference both in administration and in our overall level of security."
ETS 5.1 is available now at $99 for a standalone PC. Enterprises can expect a volume discount on the client, but larger environments will also require the ETS server, which starts at $3,000.
— Tim Wilson, Site Editor, Dark Reading
nick - sent it again. Haven't gotten a return message. I'm using Hotmail. Some times there's a delay. Let me know if you don't receive it.
Stoc
I have to agree. Best CC to date. I like what I'm hearing./e
nick - done./e
nick - Here's the equipment list
Latitude D820, Intel Core Duo T2300, 1.67GHz, 667Mhz, 2M L2 Cache, Dual Core Qty: 1 Unit Price: $1,270.00
[222-1261] Latitude D820, Intel Core Duo T2300, 1.67GHz, 667Mhz, 2M L2 Cache, Dual Core
[320-4610] 15.4 inch Wide Screen WSXGA+ LCD for Latitude D820
[311-5676] 512MB, DDR2-533 SDRAM, 1 DIMM for Dell Latitude Notebooks
[310-7270] Internal English Keyboard for Latitude Notebooks
[320-4612] 256MB NVIDIA Quadro NVS 110M TurboCache, Latitude D820
[341-2979] 80GB Hard Drive 9.5MM, 5400RPMfor Dell Latitude DX20
[465-2876] Touchpad with UPEK fingerprintreader, Latitude D820
[340-8854] No Floppy Drive for Latitude D-Family Notebooks
[465-2039] Windows XP Professional, SP2 with media, for Latitude English, Factory Installed
[430-1487] Dell Wireless 350 Bluetooth Module for Latitude
[310-7284] 90W AC Adapter for Latitude D-Family
[313-3883] 8X DVD+/-RW with Roxio CreatorDell Edition Digital Media andCyberlink Power DVD, for Latitude 120L
[430-1483] Dell Wireless 1390 WLAN (802.11g,54Mbps) Mini Card Latitude
[313-3935] Resource CD w/ Diagnostics andDrivers for Latitude D820 Note
[312-0389] 6-Cell/56 WHr Primary Battery Latitude D820
[310-7688] Large Nylon Carrying Case for Dell Latitude D-Family Notebooks
[310-7430] Quick Reference Guide for Latitude D820L, Factory Tied
[950-8540] Type 7 Contract - Mail-In Service, 24x7 Technical Support, Initial Year
[950-8542] Type 7 Contract - Mail-In Service, 24x7 Technical Support, 2YR Extended
[982-5768] Thank you for choosing 3 Year Economy Plan
[983-2207] Thank You for buying Dell
[983-2217] Please visit WWW.Dell.COM
[900-9987] Standard On-Site Installation Declined
[462-4506] Purchase is NOT intended for resell
[464-8855] Special Offer - $110 off
Subtotal: $1,270.00
Shipping and Handling: $0.00
Tax: $85.70
Total: $1,355.70
nick - ordered as an individual from the small business division. Went through the same rep I ordered the 620 from last month.
Stoc
Just ordered a D820 - Priced out on line at $1946.02. With the sale and a bit of an extra discount from the rep it came out to $1355.70 (inc tax) delivered. $590 off, about 30%. Pretty good deal on a Latitude. Sale is off today, so if your close to buying...
Just missed this one last week:
"Dell Small Business offers the Dell Dimension 5150 Pentium 3GHz Desktop with the Dell Ultrasharp 2007FP 20" LCD Monitor, Pentium 4 630 3.0GHz processor, 512MB Dual Channel RAM, 80GB Serial ATA hard drive, DVD/CD-RW combo drive, integrated graphics with PCI Express slot, Windows XP Home, and a one-year warranty for $599 before coupon code "PNH08B8MBDRK1W", $569.05 after. With free shipping, that's $30 under our last mention and the lowest price we've seen for a Dimension 5150 with 20" LCD. (This is not a widescreen LCD.) Sales tax is added where applicable. Coupon ends May 3 or at 1,000 uses."
Pricing this out on the Dell site is over $1100.
The Ultrasharp 2007FP alone is $539. So the computer comes out to $30.
Stoc
Traders trading - With CC not till Wednesday and AeA tomorrow, which might pick up some investor interest, not to mention the list of potentials waiting in the wings, traders might make a nickel and loose a dime(or more).
Stoc
The extended family? LOL
"Dean Sprague, spokesman for the Army’s Program Executive Office, Enterprise Information Systems, said BAE Systems North America Inc. of Rockville, Md., Multimax of Largo, Md., NCI Information Systems of Reston, Va., Northrop Grumman Corp. and Pragmatics Inc. of McLean, Va., had filed protests with the Government Accountability Office. GAO said it will rule on the matter by Aug. 11."
Stoc
And the winner is - Vacationhouse, by 23 sec./e
Stoc
cjzak - based on a random review of your posts since April 2005 I believe your sincerity and will continue to do so until proven otherwise. Some here are sensitive to newcomers from having been burned before. IMO you are most fortunate to have discovered this stock at this point in time.
I extend my hand in welcome.
Stoc
Helpful - let me offer the flipside of the coin. I'm certainly glad they didn't go for a "bigger round" in the last PP at .525. The company and its share holders have suffered substantially less dilution as a consequence. In that things are looking up with all the potential revenue and contracts on the horizon I can't help but think that any future funding would be at an even higher share price. The 4.5 mill, plus warrants, plus incrementally increasing revenue should keep things going for a good while.
Just a thought
Stoc
24601 - I don't disagree with the 120 mil including options. I was basing the eventual 117 mil outstanding on the 101 mil of record 4/28/06. That would take the fully diluted to around 136 mil. In any case it should be enough if the share price holds up or increases.
Stoc