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vader you have been saying this for years now. One of these days you might be right: when we are at $25.00 there is a chance we could be taken out. LOL
$10 'N 2010,(or better) that is our goal.
Seems to me that if Broadcom is selling more chips, Dell must be selling more computers and Wave must be receiving more revenue from Dell.
Broadcom posts 1st-quarter profit on strong chip sales, guides higher for 2nd-quarter revenue
By Associated Press
April 27, 2010 | 2:42 p.m.
IRVINE, Calif. (AP) — Chip maker Broadcom Corp. said Tuesday that strong sales and cost controls helped the company return to a first-quarter profit from a year-ago loss.
Broadcom also issued revenue guidance for the current quarter above Wall Street's expectations, sending shares higher in after-hours trading.
Broadcom said earnings for the January-March quarter totaled $210.2 million, or 40 cents per share. Broadcom reported a net loss of $91.9 million, or 19 cents per share, in the same period last year.
Excluding stock-based compensation and other items, Broadcom said it earned 57 cents per share in the latest period — easily beating the average estimate of 47 cents per share forecast by analysts surveyed by Thomson Reuters.
Revenue jumped 71 percent to $1.46 billion from $853.4 million in the year-ago quarter on improved demand, also above the $1.4 billion analysts were expecting. Revenue from Broadcom's own products rose 70 percent to $1.4 billion.
For the current quarter, which ends June 30, Broadcom said it expects revenue of $1.5 billion to $1.6 billion on rising global demand. Analysts are currently looking for $1.4 billion, on average.
Broadcom's stock gained 58 cents to $35.33 in extended trading. Earlier, shares fell $1.21, or 3.4 percent, to close at $34.82.
http://www.latimes.com/technology/sns-ap-us-earns-broadcom,0,6765482.story
$10 'N 2010,(or better) that is our goal.
I am encouraged by the low volume on this move a little bit lower. It seems that there are really no sellers. Stock is being accumulated at some favorable prices here in my opinion.
I believe when the volume does return, it will fuel an upside move.
$10 'N 2010,(or better) that is our goal.
Toro, trying to find out myself, so I can make reservations.
I have a tentative date of June 21st, but that is not confirmed yet.
$10 'N 2010,(or better) that is our goal
Nice battle going on between $3.97 and $3.99. Something is going to break one way or the other very soon now.
Above our 10,20,50 and 200 day moving averages.
$10 'N 2010,(or better) that is our goal.
Dory,
I estimate the actual float at about 30-35 million, tops. JMO
$10 'N 2010,(or better) that is our goal.
When the next big bang comes (next week I hope, but who knows?), look to see how fast the 5 million shorts cover. It should be a heck of a show.
$10 'N 2010,(or better) that is our goal.
Clay says "use your moving averages as your support levels".
We are now above the 10,20 & 50 day moving averages.
$10 'N 2010,(or better) that is our goal.
Interesting: 210 May calls @ $5.00 just traded at $.20 up $.15. EOM
$10 'N 2010,(or better) that is our goal.
Faster, Smarter Cybersecurity
By The White House on 04/21/2010 – 10:54 am PDT
Cross-posted form the CIO’s blog.
"Cyber-crime on the rise with 100 attacks a second worldwide"
"Federal IT pros say US at high risk for cyberattack"
"Defending cyberspace important"
With headlines like these, just in the past couple of days, it is little wonder why the Obama Administration is taking the threat of cyber attack so seriously. Without question, the threat is real, and our response must match it in intensity, security, and creativity.
Last May, the President set the tone for our actions when he said the “cyber threat is one of the most serious economic and national security challenges we face as a nation” and that “America’s economic prosperity in the 21st century will depend on cybersecurity.”
In the days since then, federal CIOs have worked closely with the President’s Cybersecurity Coordinator, Howard Schmidt, and other technology officials in the government to create a stronger, more flexible, more reliable system of protections. We have made significant strides, but there is still much work ahead.
Today, we are taking the next step with the release of new FISMA (Federal Information Security Management Act) guidance. We are shifting the focus from old-styled, paper-based reports to real-time electronic data that feed directly and immediately into security monitoring and alert systems. This change means that agencies will be able to identify vulnerabilities faster and actively protect against attacks.
The new approach is the result of many months of work by an interagency task force that reached out not only to agency officials but also to the private sector. The group identified best practices and innovative approaches that will make our cybersecurity efforts more effective and efficient.
In the past, federal agencies spent enormous time and money creating the old paper-based reports. The State Department alone, in the past six years, spent $133 million amassing 95,000 pages of security documentation for about 150 major IT systems. This works out to roughly $1,400 per page in reports that were often outdated days within being published.
As we move away from the old-style reports and into a more real-time system of security data feeds, we are implementing solutions that actually help to protect the country rather than simply generate paperwork.
In order for the government to focus on the necessary automation and continuous monitoring of the security status of all systems, the Department of Homeland Security (DHS) will provide operational support to all federal agencies. DHS will monitor and report agency progress to ensure the effective implementation of this guidance.
A secure, trusted computing environment in the federal government is the responsibility of everyone involved. It requires employees, contractors, and the American people working together to create a culture of vigilance and security so we can efficiently leverage the power of technology while respecting the privacy and civil liberties of the American people. This won’t be easy, nor will it take place overnight. But the actions we are implementing today will move us to a stronger federal cyber defense and a more secure country overall.
Vivek Kunda is U.S. Chief Information Officer
http://www.favstocks.com/faster-smarter-cybersecurity/219461/
$10 'N 2010,(or better) that is our goal.
Dory, good job. Many things happen through word of mouth. I would hope that others reading this board would take the time to talk to their IT departments and educate them as you have.
They, and their companies, will be well rewarded.
$10 'N 2010,(or better) that is our goal.
Someone put in a stop loss and got taken out. Stop losses should be mental, not physical.
Doesn't mean a thing.
$10 'N 2010,(or better) that is our goal.
Very interesting. HP and Wave on the same line.
HP WAVE SYSTEMS EMBASSY TRUST SUITE
Mfg. Part: A771920 | CDW Part: 2027704
Hewlett-Packard
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WAVE EMBASSY SEC CNTR TRUSTED DRV ED
Mfg. Part: 14-000077 | CDW Part: 1673685
Wave
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WAVE EMBASSY RMT ADMIN SRV GOLD MNT
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Wave
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http://www.cdw.com/shop/search/results.aspx?key=wave&searchscope=All&sr=1&Find+it.x=20&Find+it.y=9
$10 'N 2010,(or better) that is our goal.
I was listening to a speech by the sec of homeland security yesterday and she listed 5 functions of homeland security.
Number four of five on her list was cybercrime.
$10 'N 2010,(or better) that is our goal.
Citrix Turns to Desktop Vitalization
Citrix(CTXS), a software company best known for its Presentation Server product now known as XenApp, is seeking fresh growth areas to revitalize its top line.
Lacking growth in its core software business of application vitalization, Citrix is turning to desktop vitalization, a product area long hyped as the next big thing with little to show for it -- until now. Citrix acquired XenSource for around $500 million in October 2007. XenSource develops server and desktop vitalization tools; at the time of the acquisition, XenSource generated minimal revenue.
Desktop vitalization decouples the operating system from a desktop PC and allows the OS to be loaded from a network server. This adds complexity to an IT environment but also gives managers more control over applying patches and keeping computers secure. Desktop vitalization also enables thin-client computing, a system in which desktop PCs are stripped of hardware such as hard drives and major computing power. Data is stored and processing is conducted at the centralized server, ensuring that sensitive data is closely monitored and controlled.
Citrix emerged as a leader in the fourth quarter, generating $30 million in desktop vitalization revenue for the quarter. Combined with its server vitalization product, Citrix Essentials, growth in the segment was 150% on a year-over-year basis. The company strongly established itself as the leader of the pack, although it faces stringent competition.
Server vitalization pioneer and leader VMware(VMW) is looking to build on its success and deep enterprise relationships. Similarly, Microsoft (MSFT) and Red Hat(RHT) are building desktop and server vitalization tools, hoping to build from server operating system roots.
As enterprise PC upgrades continue, particularly on the heels of Microsoft's Windows 7 release, desktop vitalization is a tool that corporations will closely evaluate. Leaking of sensitive data is becoming a major cost to companies and organizations, and well-managed desktop vitalization could play a crucial role in mitigating the problem.
Desktop vitalization could be a major growth opportunity for Citrix and it appears that the acquisition of XenSource is beginning to pay off. If the company's fourth-quarter performance becomes a trend, the stock could be viewed as undervalued and ripe for appreciation.
http://www.thestreet.com/_yahoo/story/10725565/1/citrix-turns-to-desktop-virtualization.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
$10 'N 2010,(or better) that is our goal.
ESF: Controls: Full Disk Encryption
It happens quickly. An end user just needed to pick up something at the corner store or a big box retailer. He was in the store for perhaps 15 minutes, but that was plenty of time for a smash and grab. And then your phone rings, a laptop is gone, and it had information on about 15,000 customers. You sigh, hang up the phone and call the general counsel -- it's disclosure time.
Sound familiar? Maybe this has been you. It likely will be, unless you proactively take action to make sure that the customer data on those mobile devices cannot be accessed by whoever buys the laptop on the gray market. That's right, you need to deploy full disk encryption (FDE) on the devices. Unless you enjoy disclosure and meeting with lawyers, that is.
Features
Ultimately, encryption isn't very novel. But managing encryption across an enterprise is, so key management and ease of use end up being the key features that generally drive FDE. As we've harped throughout this series, integration of that management with the rest of the endpoint functions is critical to gaining leverage and managing all the controls implemented on the endpoints.
Of course, that's looking at the issue selfishly from the security professional's perspective. Ultimately the success of the deployment depends on how transparent it is to users. That means it needs to fit in with the authentication techniques they already use to access their laptops. And it needs to just work. Locking a user out of their data, especially an important user at an inopportune, time will make you a pretty unpopular person.
Finally, don't forget about those backups or software updates. If your encryption breaks your backups (and you are backing up all those laptops, right?) it's a quick way to find yourself in the unemployment line. Same goes for having to tell the CIO everyone needs to bring their laptops back to the office every Patch Tuesday to get those updates installed.
Integration with Endpoint Suites
Given the natural order of innovation and consolidation, the industry has seen much consolidation of FDE solutions by endpoint vendors. Check Point started the ball rolling by acquiring Pointsec; shortly afterwards Sophos acquired Utimaco and McAfee acquired SafeBoot, which of course gives these vendors the ability to bundle FDE with their endpoint suites.
Now bundling on the purchase order is one thing, but what we are really looking for is bundling from a management standpoint. Can the encryption keys be managed by the endpoint security management console? Is your directory supported natively? Can the FDE policies be set up from the same interface you use for host firewalls and HIPS policies? Unless this level of integration is available, there is little leverage in using FDE from your endpoint vendor.
Free (as in beer?)
Like all good innovations, the stand-alone companies get acquired and then the capability tends to get integrated into the operating system -- which is clearly the case with FDE. Both Microsoft BitLocker and Apple FileVault provide the capability to encrypt at the operating system level (Bitlocker is full drive, FileVault is OS). Yes, it's free, but not really. As mentioned above, encryption isn't really novel anymore, it's the management of encryption that makes the difference. Neither Microsoft nor Apple currently provides adequate tools to really manage FDE across an enterprise.
Which means there will remain a need for third party managed FDE for the foreseeable future, and that also means the endpoint security suite is the best place to manage it. We expect further integration of FDE into endpoint security suites, further consolidation of the independent vendors, and ultimately commoditization of the capability. So we'll joke over beers in a few years about how you use to pay separately for full disk encryption.
Now that we've examined the controls we use to protect the endpoints, we need to build a systematic program to ensure these controls are deployed, enforced, and reported on. That's our topic for the next two posts, as we build the endpoint security program also consider what kind of reporting we need to keep the auditors happy.
Other posts in the Endpoint Security Fundamentals Series
* Introduction
* Prioritize: Finding the Leaky Buckets
* Triage: Fixing the Leaky Buckets
* Controls: Update and Patch
* Controls: Secure Configurations
* Controls: Anti-Malware
* Controls: Firewall, HIPS, and Device Control
—Mike Rothman
http://securosis.com/blog/esf-controls-full-disk-encryption/
$10 'N 2010,(or better) that is our goal.
awk, I agree however, I believe BigTim once talked about the legality or conspiracy of telling people what to do with their personal margin account.
$10 'N 2010,(or better) that is our goal.
Folks, talking about broker's rules about shares is off topic.
Thanks for the cooperation.
$10 'N 2010,(or better) that is our goal.
It's been talked about here for weeks now. Also read the last CC and see what Wave has been saying. It's all there.
HP can happen any time.
Other pilots can mature with a PR at anytime.
The Govt can happen at anytime.
It would not take much to get us to $5.00, and then the institutions, that can not buy Wave under $5.00, will finally get the opportunity.
Also, the float is probably around 30-35 million, if you take out us longs that hold a substantial quantity of the stock.
$10 'N 2010,(or better) that is our goal.
You are correct, the future looks very good.
This reminds me when we went below a buck, and a lot of us loaded up when others were calling for the sky to fall.
I think this is the same opportunity. We hit $4.75 and have dipped under $3.50. I think it is another opportunity that won't be appreciated until we are over $5.00 in a few weeks.
$10 'N 2010,(or better) that is our goal.
Nothing has changed. HAP, HP, upgrades, cash positive for Q1, are all still in play.
Institutions are increasing their percentage.
Right now it's the traders and momo players that are playing with the stock. Us long time longs are not involved. We know patience.
$10 'N 2010,(or better) that is our goal.
Right. The sky is falling. Everyone out.
$10 'N 2010,(or better) that is our goal.
awk, thanks. I was only posting what my friend sent me. Apparently he did not realize what you just posted. I sent it to him so he will get it right next time.
Thanks again,
$10 'N 2010,(or better) that is our goal.
AWK, the only number that can be conjecture is the 541,374 shares he said the institutions bought today.
The short numbers and the institutional numbers came directly from Fidelity. The shorts went up today from Friday and the institutional percentage went up 10% today since last Friday. Those numbers are fact.
The institutions did buy today. Maybe the 541,374 is not exact, but they did buy, as their percentage is up 10% since Friday
$10 'N 2010,(or better) that is our goal.
This is from a friend of mine that charts the shorts and institutional holdings daily. Guess who was buying today!
1-# of shares outstanding today is the same as Friday
2-Shorts total 4,033,518 today and on Friday it was 3,851,912
3-Percentage owned by institutions 7.7% today and on Friday and today was 7.01% That's a 10% increase institutional holdings today
If my MATH is correct Institutions bought 541,374 shares today
$10 'N 2010,(or better) that is our goal.
Yep, they want your shares.
$10 'N 2010,(or better) that is our goal.
waveytrain, you came on board here in September of last year. Most of us have been here well over ten years. We have believed in what Wave was doing and we had the patience to wait for the gorillas to wake up. (Seagate was 2 1/2 years LATE with their encrypted hard drives)
We are not going to get an announcement every week nor a big account every week.
I can tell you there are many deals that have been made but were not material deals, so no one knows about them, YET! (SKS alluded to this in the last CC)
I urge you to have patience. I don't believe we have even come close to seeing the move Wave is going to make over the next 1-4
years.
Those have have been patient, and have accumulated millions of shares at under a buck, are in very good shape.
Those that are just now finding Wave are still in for a move that should be at least a 10 pop in the next 18 months or less.
Patience will rule the day, if you believe in where Wave is at, and what Wave is doing.
Thanks to you and Swiss for the feed back. Welcome aboard.
$10 'N 2010,(or better) that is our goal.
I'm always curious how someone finds Wave and this board. Would you care to share how you found Wave and this board?
$10 'N 2010,(or better) that is our goal.
Welcome aboard.
April 15th is the last day U.S. Citizens have to pay their taxes for 2009
$10 'N 2010,(or better) that is our goal.
We have had much higher volume on the up side than on the down side.
Again, this is going to break one way or the other very soon now.
$10 'N 2010,(or better) that is our goal.
Just a reminder:
Wave to Present at Security Research Associates’ Growth Stock Conference Tuesday, April 6th at 11:30 A.M. PST.
$10 'N 2010,(or better) that is our goal.
Can't sell to others? How about a 5.7 million dollar contract? How about being the backbone of Dell's security? How about almost every HD manufacture teaming up with Wave? How the mortgage companies lining up with e-sign
Can't sell to others? Better get your facts straight.
$10 'N 2010,(or better) that is our goal.
Yeah, SKS has disappointed us again. That is why you own the stock at over $4.00 today instead of $.50. I wonder what you will say when we hit $10.00? That maybe he is still disappointing us? LOL
$10 'N 2010,(or better) that is our goal.
Yeah, our CEO is pretty inept. This inept CEO got Wave bundled with Dell, soon to be bundled with HP, has partner with most OEMs, is the only company that has software that allows the TPMs to talk to encrypted hard drives.
I think some of the posters are more inept than Wave's CEO.
Oh yeah, so inept the stock has risen from under $ .50 a year ago to over $4.00 today.
5.7 million dollar contract with a global auto maker? Pretty inept.
Call me an eternal optimist, but I think you will see both this year. JMO.
$10 'N 2010,(or better) that is our goal.
Jesse is still invested, he just doesn't have the time to spend on the board anymore.
$10 'N 2010,(or better) that is our goal.
I'm watching Cramer at 3:00 P.M. PST on CNBC to see if he mentions Wave.
$10 'N 2010,(or better) that is our goal.
LEE, Mass. (TheStreet) -- Wave Systems'(WAVX) stock has surged 730% over the past year, evidence it has its fair share of believers it is poised to dominate the emerging hardware-based digital-security space with a very large addressable market. But to sway bearish investors expecting a break down in share price, Wave Systems first needs to bury its history as a serial stock issuer. To accomplish this, it is evangelizing the technology to make consumers and corporations understand that built-in digital security is available at a flick of a switch and that it offers a cheaper, better performance than that of software-based security solutions.
For the better part of the last decade, Wave Systems shares have languished below the $5 mark, partly due to the company's frequent need to issue stock in order to fund research and development of its security technology. In the first few months of 2009, Wave Systems launched four separate stock offerings totaling nearly $6.3 million.
"We certainly raised a lot of capital aggressively in the past, but we were relatively efficient in the raising of capital," Wave Systems CEO Steven Sprague told TheStreet. "But that's the old story of getting to where we are now."
Now, Sprague says, Wave Systems is funding its future development off revenue the company creates, rather than funding research and development through investors. Key to its success is partnerships with a veritable who's who of the technology space: Dell (DELL), Hewlett-Packard (HPQ), Intel (INTC), Samsung and Seagate Technologies (STX).
This shift came thanks to a greater awareness by consumers and corporations of the need for better performing, cheaper digital security. Consider several media reports where valuable data was stolen along with a computer, like when government officials lost laptops containing classified information.
"People are beginning to take security more seriously, and we have a regulatory environment driving this," Sprague says. "There are now fines if you lose a laptop that contains private information that is not encrypted. There are some pretty substantive data protection laws that are forcing every organization to make sure the laptops and desktops that they have are protected."
As it supports both trusted platform modules and self-encrypting hard drives, Wave Systems stands to benefit greatly. The trusted platform modules (TPM) Wave Systems supports refers to a hardware chip on a computer's motherboard used to store keys that are identities to log you onto different services, such as VPN or cloud computing. In the past, encryption was done by software added to a machine after production, but now security is being integrated from the get go.
Think of it like the SIM module on your cell phone, which keeps your cell phone secure. The keys are actually in the hardware," Sprague says. "This is bringing that capability to the PC, where the keys cannot be stolen by software." On the other side of the business, Wave Systems supports self-encrypting hard drives, which consumers and companies buy when ordering a new computer. Last year, Sprague estimates that nearly 65 million copies of the company's software shipped with Dell computers. However, most users don't realize the security is built into the system.
"It's taken much longer than anyone has expected, no question," Sprague says of consumers' awareness of the technology. "I would have never believed that we'd have gotten to 65 million copies of software shipped and we'd be just talking about engagement."
Much like it has struggled with consumer awareness, Wave Systems has had difficulty finding profitability, despite a jump in revenue. In the third quarter of 2009, Wave Systems saw revenue total $4.8 million, a 164% increase from the prior year. By comparison, Wave reported revenue of only $335,000 in the third quarter of 2005.That surge in revenue has done little to sway investors concerned about the company's bottom line. There is also trepidation that Wave Systems has more than 70 million shares outstanding but is generating little cash. At the end of the third quarter, Wave Systems said it had total current assets of $5.2 million.
With no analyst coverage of the company, investors in Wave Systems have to rely on the company's quarterly reports and how the stock has traded historically. John Welsh, a daytrader who tweets his stock trades on Twitter as johnwelshphd, says that Wave Systems has potential and could report a profit when it posts fourth-quarter numbers on March 11.
However, Welsh argues that after the big move in shares recently, history and valuation could mean a sell-the-news reaction when the company reports. Welsh does not hold a position in the company.
History has shown Wave Systems news items usually do not pan out and are sell points," Welsh wrote in an email. "A typical Wave Systems move consists of nice news releases like it's encrypted hard drive for Dell or H-P computers, and the old 'cult followers' of Wave Systems hopped back on board for a usual beating. Even though the company is generating cash at low levels, one could think they may take advantage of a big run in stock to get some extra cash in the bank. Either way, the valuation of WAVX does not look compelling." While Sprague acknowledges that one could always sit back and design the perfect balance sheet, he says that Wave Systems is perfectly comfortable as things are now.
"We've clearly stated we have no intention to be out in the capital markets," Sprague says. "The challenge was that we were consistently in a mode of raising additional capital. As we've been able to show, we don't need to raise additional capital and we can fund the company out of our own operations. We're at cash flow break-even and we're very comfortable."
Wave Systems also gained momentum recently thanks to a $5.7 million license and maintenance order it received from a U.S.-based automotive company. The deal brought in $1.9 million in revenue at the very end of 2009 and should bring in another $2.25 million through the end of this year.
"That's the first really big corporate use of this hardware technology. There have been quite a few enterprise customers who have turned it on, but nothing on this scale," Sprague says. "With the nature of emerging markets, there's nothing better than having a really big customer when you're trying to sell another big customer. It makes it easier to close with the next guy."
Looking ahead, with the advent of Microsoft's (MSFT) Windows 7, there is the general expectation that the PC industry should see good volume growth in 2010, which should benefit Wave Systems directly. Beyond that, Sprague is targeting other practical uses of Wave Systems' technology, like in the health care industry.
The probability is that all of the machines in the health care industry have a common device for authentication in the box. But it has still yet to be turned on," Sprague says. "It's in the early stages of awareness and there are great advocates of its use, like the U.S. government." But for now, Sprague is delighted that the emerging market of hardware-based digital security has gotten big enough and strong enough to fund the development of the technology in the market itself. As the lone company to support both trusted platform modules and self-encrypting drives, Sprague says Wave Systems is the main beneficiary of greater awareness of the technology.
"The need for data-protection and network access and the performance of solutions have become very clearly understood," he says. "Security is now something you can buy that's built-in, and it is emerging as an interesting solution. Don't staple on security afterwards. Don't tape an airbag to your steering wheel. Buy it built in."
-- Written by Robert Holmes in Boston.
Follow Robert Holmes on Twitter and become a fan of TheStreet.com on Facebook.
$10 'N 2010,(or better) that is our goal.
I don't see how you can say it was painted. It traded above $4.00 for most of the hour.
In fact, we traded 251,109 shares the last hour.
$10 'N 2010,(or better) that is our goal.