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I doubt even Steven is dumb enough...
to say what Snackman attributed to him, "...RWK he also said that revenues from Dell (and I believe others) in the month of September, would not be included until Q4's numbers due to the fact that they have 30 days to pay their invoices."
That is what accounts receivable accomplish. You book the sale and you debit accounts receivable. Payment of the receivable has nothing to do with when the related income is booked. This is accounting 101, for God's sake.
And 70-plus people have this clown member-marked. Sheesh.
24601: Did you inquire about Nadig?
And what it is exactly that he does, ensconced in his cellar, that makes him worth what I presume to be a six figure compensation package? He's supposed to be VP of Sales, I think, of that illustrious organization, but since there never actually are any sales, I guess that leaves him to blog and stuff.
AmericanJoe: I don't think that shorting...
opportunity is going to come up after all. Didn't listen to the CC, but judging by the remarks on the boards, it seems like the usual Sprague-speak, disappointing numbers (for the Kool-Aid addicted anyway). More dilution on the way. Fairly soon, I suspect.
24601: Someone should ask Steven today...
how in God's name they can justify paying Dave Nadig a six figure salary to essentially sit home and blog out of his cellar. WaveXpress is the epitome of corporate waste and indulgence. No wonder the world laughs at this outfit.
24601: The silence is deafening...
regarding your Infineon inquiry. The fact, John, is that no company in its right mind would entrust its customers to an entity with WAVE's history. These folks have done almost nothing right in 17 years. They've never produced a product that anyone bought (aside, I guess, from the one Envoy that eamonnshute was curious enough to acquire and some junk that allowed about 50 folks to watch TV on their computers). No, John, WAVE itself is too much of a risk. The folks in Lee, as I've said before, are not ready for prime time. And never will be. Microsoft and others will figure out a way around them.
gofig: Barge has been crazy for a long time...
having connected so many dots for so long. There is no way Xbox is going to require consumers to purchase anything from such a flake outfit as WAVE Systems. They've never produced anything, they've never serviced anything, they are just too much of a risk for a savvy company like MSFT to foist its customers upon. But dream on...
Matt: Can't you take a little criticism?
All I said was you folks aren't ready for prime time. That you pander to cults and practice the world's oldest profession. You have a problem hearing the truth, little buddy?
SPIN: I was thinking...
that American Joe might get one more opportunity to short the stock here if there are some revenues of a material level in Q3. Revenues, if they appear, will come from bundling with TPMs--regardless of whether anyone "turns on" the feature. This stream, however, will peter out as the TPM movement fails (and, obviously, I believe it will).
On the other hand, I'm inclined to remember that essentially nothing has ever measured up to shareholders expectations in the past, so it's a leap to think they all of a sudden will actually surpass them. So I'm betting the boys in Lee follow their historical path and disappoint. If there were any news worth boasting about (like something having to do with revenues), word would have gotten out and the price wouldn't be where it is.
Matt: I've yer gonna censor the jailhouse...
and delete every post I put up, why don't you just go ahead with the execution?
One of those merely objected to the homophobic garbage a certain subscriber of yours persistently posts. You leave his messages there and delete the objection?
Yer not ready fer prime time, Matt. IHUB is Clown Pumper Haven!
WAVE Systems is the epitome of corporate corruption...
but I must say kudos are due them for figuring out how to be so ridiculously well-compensated without ever actually producing anything of value and, simultaneously, without breaking the law!
WaveXpress has got to be the poster-child entity for Nepotism Unlimited (a Massachusetts think tank nestled within a certain well known horse farm). I have no idea what it is that Dave Nadig does every day, other than blog from his cellar, but you have to take your hat off to him for drawing down six figures without getting out of his jammies!
Three and out for the day. Toodles!
Have I mentioned Snackman is seriously deficient...
in numerous ways? As an investor, he chose to leave $5 million on the table because, apparently, he wanted $10 million instead. Now he's got about $85 grand worth. And yet 70 plus IHUB subscribers have actually member-marked this individual. People who consider themselves tolerant permit this autocrat to monitor the only remaining forum like, well, like the sheep they are.
Not long ago the Snackman was predicting $40 million in revenues for 2005. When his feet are held to the fire, what does he do? He claims that it wasn't a prediction, it was an opinion! As if, somehow, all predictions are not someone's opinion of what will be. It's so moronic that even the semi-intelligent Wavoids must cringe when they read it. Not that they will ever say anything. No. When it comes to criticizing the cult-meister, there are those who prefer: Silence Is Golden mode. You know who you are.
goinup: I think you have miscalculated...
and mistaken the clubhouse turn for the finish line. Firms may buy systems with TPMs inside--assuming there is an insignificant cost add-on--with the intention of just having the technology in the event they decide to use it at some point in the future. My guess is, they're going to figure out it's mainly in the best interest of MSFT, Adobe, etc., etc., etc., and never activate. But, hey, ICBW.
AWK: Let's set the record straight...
and move on...
Directly OR indirectly?
Do you include compensation by companies under contract with WAVE, suppliers, vendors, consultants, public relations firms, or any other business receiving remuneration from Wave Systems?
Larry - Precisely my point...
Intel was taken to the woodshed publicly for their attempt to plant I.D. numbers. The group proposing TPMs (TCG) is promoting an initiative that goes far beyond that. There is a huge PR risk in this movement. If the public senses this cartel is trying to pull a fast one on its customers to further its own self-interests (which it is, in my opinion), Joe Public ain't gonna be happy. And who will the villain be this time? Well, everybody in the TCG, to some degree, but the major villain is going to be perceived as MSFT. And they're kinda tired of that, one would think. No, Larry, this movement ain't gonna get traction with the enterprises it targets. Oh, sure, there may be some sales of systems equipped with TPMs. People might buy them based on the generic "you need more security" sales pitch. But when they realize what implementing this "added security" means, they will not activate. The movement will morph into something else, the TCG will go the way of FINREAD and Cyber-Comm. Of course, by then WAVE will have some other product to tout, albeit most likely another theoretical product.
24601: I'm 99% sure...
that you qualify as a company "tout" under the following definition (see the message already posted from Silicon Investor thread, for instance):
tout
To foster interest in a particular company or security. For example, a broker might tout a security to a client in the hope that the client will purchase the security.
Source: Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott.
Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company
awk: Directly OR indirectly?
Do you include compensation by companies under contract with WAVE, suppliers, vendors, consultants, public relations firms, or any other business receiving remuneration from Wave Systems?
The TPM is a TROJAN HORSE...
that is being promoted by much of the technology industry to button up the way their customers use their products. There is (or at least shouldn't be) anything TRUSTED about the organization promoting this--the TCG.
It's my sense that the customers will NEVER yield to the sort of control the TPMs transfer from technology user to technology provider. (Aside from a few enterprises that grant too much latitude to their IT people, some of whom will be tempted to expand their fiefdoms at their employers' expense.)
It's my opinion that MSFT is already getting cold feet here and is in the process of watering down VISTA to the point that TPMs are an option and not a requirement. An option that, once people figure out the degree of control surrendered, they will not select. Period.
The technology firms are very close to making an industry-wide blunder equivalent to Intel's of a few years back. I think some folks realize that and are having second thoughts about being perceived as putting their own interests ahead of their customers'.
(Underlines in following article are mine.)
*****
Trusted Computing
http://www.trustedreviews.com/article.aspx?art=2067
Date 30 Oct 2005
Author Leo Waldock
Although Microsoft isn’t ready to release Beta 2 of Windows Vista it has been busy with its CTP (Community Technology Preview) schedule, and in October released build 5231 of Vista. This build looks much the same as build 5129 but it is the first version to include Windows Media Player 11, and the Windows Security Center has gained a tab for Spyware Protection, in addition to the Firewall, Virus Protection, and Automatic Updating tabs that came with Windows XP SP2. The look and feel of Vista hasn’t changed noticeably in build 5231, but that’s not to say that Microsoft won’t pull a rabbit out of the hat at the last minute in a bid to out-Apple Mac OS X. We are starting to make out the shape of Vista as it appears from the mists of 2006, but there is still a bit of a mystery over the Trusted Computing side of things. Microsoft is deeply involved in what was called the TCPA (Trusted Computing Platform Alliance) and is now called the TCG (Trusted Computing Group). Microsoft used to refer to its Trusted Computing technology as Palladium but has since changed it to NGSCB, or Next Generation Secure Computing Base.
Trusted Computing uses a chip called a TPM (Trusted Computing Module), also nicknamed a Fritz-chip, after Senator Ernest ‘Fritz’ Hollings of South Carolina who retired in December 2004 after 38years in the US Senate during which time he sponsored a number of legal bills aimed at protecting intellectual property rights. We can bitch all we like about intellectual property, copyright and software patents but The Economist recently stated that technology licensing is worth US$100 billion per annum globally of which the USA accounts for US$45 billion, which is an impressive chunk of cash. More scarily The Economist stated that ‘up to three-quarters of the value of publicly traded companies in America comes from intangible assets, up from around 40 per cent in the early 1980s.’ No doubt a large part of that value is trademarks and brands such as Boeing, Coke and Nike rather than IT technology but there’s no denying that the Americans have a massive vested interest in protecting this money, whether we like it or not.
The Fritz chip sits on your motherboard and offers a secure, or trusted, computing environment. If the Fritz-chip doesn’t like your operating system then it won’t load, so you can forget about running Apple OS X on your PC unless Steve Jobs sells you a license.
Although the Darwin environment that underpins Apple OS X uses BSD and has been released as Open Source software by Apple, Rosetta, the translation software that Intel Macs will use to run legacy software relies on TCPA/TPM DRM and the Apple GUI also requires Rosetta. You may be able to install OS X but you won’t be able to do anything worthwhile with it.
Once your Operating System is up and running, the Fritz-chip will then check each and every application before it loads so if your license for Adobe Photoshop has expired its game over until you get in touch with Adobe and confess your sins.
Look here and you’ll see that the main players in TCG are AMD, HP, IBM, Intel, Microsoft and Sun but there are dozens of other companies on the Contributor list including AMI, ATI, Broadcom, Dell, Hitachi, Marvell, Maxtor, nVidia, ULi, Samsung, Seagate and Winbond. The only name that seems to be missing is Western Digital, and regardless of what you and I may think about Trusted Computing we’re going to be passengers with that little lot driving the thing forward.
Naturally Microsoft is fully behind Trusted Computing as it says here. “Windows Vista supports full-volume encryption to prevent disk access to files by other operating systems. It also stores encryption keys in a Trusted Platform Model (TPM) v1.2 chip. The entire system partition is encrypted - both the hibernation file and the user data. It also stores encryption keys in a Trusted Platform Model (TPM) v1.2 chip, if one is available on the PC.”
The TPM v1.2 chip that it refers to is likely to be an Infineon SLD 9635 TPM/TCPA chip, and if you study your motherboard carefully you may find an older Infineon SLD 9630 TPM v1.1 chip is lurking there, unused. Although TPM hasn’t yet arrived the first steps have certainly been made so it comes as something of a surprise to find that Microsoft has cut back dramatically on its plans for the implementation of Next Generation Secure Computing Base in Windows Vista. The original plan was to enhance security by providing Secure Start-up which has been described as protection for your hard drive in the event of theft, which should be of keen interest to the owners of laptops. Once the computer has started, each application would be separated from the Operating System and from other applications by software called a nexus. Microsoft has put this idea to one side in a bid to get Vista released by the end of 2006 and has instead implemented a system of secure compartments. There’s one compartment for Windows itself, another for applications and another for administration.
More significantly, the ‘Vista Ready PC’ hardware guidelines make no mention of the TPM, so while it is quite possible that Vista will support certain Trusted Computing features, it seems unlikely that software publishers will be able to include a TPM as a system requirement. You’d have to think that many members of the Trusted Computing Group would have loved to see Vista fully support TPM but Microsoft is also a loser here as it wants the protection of TPM as much as anyone, but Secure Start-up is better than nothing.
At least Microsoft gets a public relations consolation prize as it won’t be seen as the company that forces TPM down the throats, or at least not just yet. But if you’re breathing a sigh of relief then it may be a touch premature. You see, Digital Rights Management continues to spread its tentacles through movie, TV and audio content.
Let’s ignore Blu Ray and High Definition DVD for now as they are aren’t here yet. Let’s also gloss over the ridiculous state of the music download market where Apple is being berated by music publishers for attempting to offer its customers a reasonable price for music. In a moment of charity we won’t dwell on the startling news from Yahoo that it is raising its subscription price from US$6.99 per month to US$11.99 with the kicker that you lose all of the music you have paid for if/when you cancel your subscription.
Instead let’s look at TV. The TV companies are desperate to sell their content to subscribers in their home market, followed by subscribers overseas, and all the while they pack out the wretched programmes with adverts to turn 40 minutes of content into a one hour ‘show’. To add insult to injury Sky then adds pop-up adverts that trail other TV shows, so you can be in the final stages of a thrilling Moto GP race when some thoughtless, rude, selfish twat at Sky covers the on screen lap timer with an advert for a football match. If it’s a really bad day they’ll cut to adverts two laps from the end, just as Rossi forces Gibernau to run wide into the final chicane… but we miss that because they’re trying to sell us a mobile phone. It’s not enough that I’m watching motorcycles that look like mobile billboards racing at a track that is lined with advertising hoardings at the Grand Prix of Wherever, sponsored by Whatever and paying a subscription for the privilege too. To add insult to these many injuries they break up the flow of the action and as a result my entertainment level is reduced. Small wonder then that many of us are sick of this attitude and download TV shows from the Internet and small wonder that the TV companies are fighting back with confrontation, instead of paying attention to what their customers want.
There have been stories of HBO seeding false torrents to prevent its Rome series being distributed over the internet, which is annoying. However, this picture should really cause some alarm.
It’s a photo of a TV screen when the Tivo system in the US suffered from a glitch recently and displayed a message that wasn’t meant to be seen by the public. The recording is of ‘King of the Hill’ and there is a Restrictions section which reads
‘Due to the policy set by the copyright holder, this recording:
Can only be kept up to 7 DAYS after it starts recording. Cannot be transferred to VCR, DVD, or any other media device. To learn more visit www.tivo.com/copyprotection where we get the low-down on the dreaded Macrovision Copy Protection system and see that some programmes have restricted rights while others can’t be recorded by Tivo at all.
Windows Vista may not do much to advance Digital Rights Management but once the TPM swings into action it’s a safe bet that every last scrap of digital content will be locked down tighter than a drum. The only question is when.
*******
Matt: Don't mention it...
hey, prostitution is the world's oldest profession, why not be proud of your work?
By the way, don't you think you should figure out a way to make these grandfathered folks pay? I mean, really, just because they were here early on, why should they get a free ride forever? Give them a discount or something, but make them pony up or put up with the moronic advertisements like the rest of us.
Cheers!
24601: Who has time...
to root around in 100s of old WAVX PRs. I believe it was disclosed at an earlier juncture that the poster who goes by awk worked for Wave Systems in some capacity. I think it was as an outside contractor. If that is incorrect it is easy enough for awk to set me straight. I notice he hasn't denied it. I'd say I'm about 95% confident that I am correct in this. Also, it's not like I'm accusing him of a crime, John. There's nothing illegal about working for WAVE Systems. I just think posters should disclose it if they do. Since you are generally opposed to anything but minimal disclosure, I assume you don't agree.
With regard to touting, do you want an example of Snackman touting the stock? Are you seriously even contesting that?
When you publish in the Jonestown Gazette...
people are going to assume you are part of the Jones cult. At least I am. Call me judgmental.
P.S. A characteristic of cults is that members do not challenge bad behavior on the part of its leaders. This is particularly visible in the Wavoid cult. You exhibit this trait to the nth degree. You can't even admit the obvious, as you illustrated about two posts ago when you dodged my poorly worded question. Clever response, but also very telling. The cult can't speak ill of its leaders--no matter what they do.
P.P.S. Actually, folks like you could occasionally object to the more outrageous behavior--the goKite sham article for example--and the Wavoids might look a little bit less cultish as a result. But you won't. You know why not? Because it is a cult and you're either a member or, at best, a facilitator.
24601: True or false...
I claim: Snackman has and continues to tout WAVX.
Agree or disagree. Simple question. (Wondering just what it takes to qualify under your rather limited definition of the word.)
Not exactly...
counselor. If I remember correctly, the person who posts under the handle of AWK has been publicly identified as being under contract to(or otherwise in the employ of) WAVE Systems. I believe it was in one of the funky press releases WAVE puts out from time to time. But, hey, maybe I dreamed it. If I'm wrong, I welcome him to set me straight.
P.S. If you and yer dog show up and he's got cuts and bruises all over him, you would apparently consider it unreasonable to inquire whether you've been kicking him the daylights out of him.
P.P.S. If a person is in the employ of or under contract to WAVE Systems, don't you think that person should post a disclaimer so that readers know he isn't "independent" with regard to the management?
awk: Your friend Weby has lost his mind...
asking Dudash for an apology for the grievous offense of suggesting the WAVOID board was a hype board. This is a joke, right? You all have been hyping WAVE Systems nonstop at one place or another for the better part of a decade now. Your crowd--Wavoid Nation--is characterized as delusional by the mainstream press. Plays are produced that run off-Broadway in which the delusional nature of Wavoid Nation is the primary topic. Awk, seriously, somebody ought to tell Weby that his company is the laughingstock of the investing world. The CEO is a bloated truth-challenged silver-spoon boy who has predicted blow-out performances just around the bend for so long that only a complete idiot would listen to a word he said anymore. The company's main reason to exist is to extract compensation for management--mainly family members and Gilder's former lawn boy and, I suppose, sycophants such as yourself. The cultists are fool enough to stand for it, obviously and as a result deserve exactly what they've gotten thus far.
awk: Why don't you post a disclaimer...
to your messages informing the reader that you are paid by WAVE Systems? Don't you think that is relevant to the reader?
Go ahead and deny it. Unless you think John's Silence Is Golden mode is, er, the more prudent response.
P.S. The Juggler is a minor point, perhaps, but I think illustrative of the lazy minds at "work" in the boardroom at WAVE Systems. It's sooo not-this-decade. Now maybe if the guy was twirling pizza dough over his head there would be some relevance.
Hello there AmericanJoe...
The person who probably profited more than anyone off WAVX over the past six years--by shorting it, obviously. My hat is off to you, Joe. The longs have been dupes for so long they've probably paid for your house!
GoFigure is one that occasionally unplugs from the Kool-Aid Katheter, but is probably in so deep that he may as well ride it all the way. Can't say that I blame him, at this juncture.
Anyway, welcome to the jailhouse. The company here is not always the greatest, but...
digspace: if I may make one critical remark...
(and Lord knows how I hate to be critical), looking at that page awk posted this morning with Seagate, et al's names and logos at the bottom, I'm struck by how lame Wave's juggler is as a logo. I mean these things are supposed to have some symbolic meaning, generally speaking. What in God's name is a juggler supposed to represent? That the folks in Lee are Jesters? That they're able to juggle the books? That they're really fun guys? How do you possibly construe a juggler as something positive?
If there was anyone left at Lee with an active brain cell remaining (who wasn't: a. working on his blog at home or b. working from his horse farm, or c. stone drunk), I'd suggest they do one thing immediately. Kill the freakin juggler. Do it today. Do not wait until tomorrow.
That's three and out for today. Don't bother to thank me.
Ciao!
Hello Spin...
I see you've come to revisit the cult. Frankly, I'm starting to get bored by the saga of Wavoid Nation. You can pretty much recycle the same posts from five-six years ago and insert new "partner" names.
So, anyway, what do you think of old Dubya now? You may recall I predicted he would be a disaster as President. Now I think I need to amend that assessment a little. I think George W. Bush will be judged to be the worst two-term President in the history of the United States. There might have been a few one-termers who topped him, but for a guy who got re-elected he's without doubt the god-awfulest excuse for a President we've ever had.
And now, back to the grind. Deadlines, etc., etc. Ciao.
nanuck: In all fairness to Matt...
I don't see him even pretending to be fair and unbiased. He favors the paying customers, period. He doesn't care if they are liars or perverts or cultists or, well, whatever. That's not what Matt's about. Matt is simply a prostitute posing as a businessman. It's not all that unusual, when you think about it. I don't think he's even embarrassed by it, to tell the truth.
Dear King Matt: The court jester, Snackman...
is violating the rules (the very ones you and he pretend matter) as moderator of the WAVX cult-board. Not that it matters. Cravenness is not that unusual for kings.
24601: Where have I heard that before...
"...When you want to get in a battle of the pen with a guy who buys ink by the barrel..."
Oh, yeah. I remember. It was Wave's response to the Claugus article in the WSJ back in July, 1999. Of course, in this case it at least makes a certain amount of sense. I seriously doubt if Mr. Mossberg buys ink in the quantities the WSJ does, but at least he does have the power of the pen. In the Claugus case the remark made no sense whatsoever.
You disconnected from the Kool-Aid Katheter...
obviously. Snackman prefers that all WAVE followers, well, believe. Even if this means one must disregard 17 years worth of idiotic management, misleading guidance, Founders Shares, multiple de-listings, nepotism on an almost Rigas-scale, and managerial wallet-stuffing that would embarrass even Ken Lay, well, it'll all be worth it. Someday. Maybe. Or not.
eamonnshute: His posts weren't as sycophantic...
as the cultmeister would like them to be. Now yours, on the other hand, are about perfect.
Pretend to give a rat's ass about allowing a balanced view, eamonn. Only the cult buys that line--and they will buy just about anything.
Feeble response, Matt...
You claim to have "toasted" half a dozen offenders and the absolute worst offender you plead with to tone it down?
Some warden.
You can mention Snackman's an ass here...
pretty much with impunity. The old fart can't delete anything over here. Yet anyway. Matt has to draw the line somewhere.
I don't believe I've mentioned lately just how much of an ass Snackman actually is. Here's a guy who was sitting on $5 million bucks in WAVX stock and didn't cash in a cent of it. It's now worth about $90 grand. Not only did the guy fail to take any profits, he's averaged down. Down and down and down.
The amazing thing is that there are 70 plus individuals who hang on his every word. These, as you know, are the Wavoids. Kool-Aid sots. Cult members. Anyone who thinks Snackman has got the foggiest notion about the technology involved is seriously mentally impaired. He's proved himself utterly clueless too often to count. The only thing he goes on is that tried and true investment approach: Blind Faith.
So, welcome to the jailhouse, GoFig. At least it ain't Jonestown.
Go Figure: You can stay here for a while...
until you either:
1. Agree to kiss Snackman's ass.
2. Directly remunerate Matt in some way (i.e., subscription).
It's only been two and a half years for me so far. At least there's no Kool-Aid on the menu.
Paulie: You are OBSESSED with homosexuality...
my boy. I think you need to seek psychiatric assistance. Your humor is puerile, repetitive, and frankly not very funny after the first few hundred iterations on the same theme.
24601: Even if I am wrong and TPMs...
take over the world, I still seriously doubt that the so-called management in Lee will be able to ever turn a profit. They don't know how, John. Peter might have, once, long ago, had a clue about running an actual business. That was pre-Wave, obviously. Before he mainly became interested in providing employment for his family and friends.
WaveXpress is Exhibit A, B, C, etc., etc., etc. in the case against this crew. How anyone can argue that this enterprise has been a productive use of THIRTY-SEVEN MILLION DOLLARS (not counting another nine in accrued interest the company could have earned had it not squandered those funds) just boggles the mind. It has been a blatant, public looting. All legal, of course.
It must be wonderful to have a cult for shareholders.
Matt: Either clean the jailhouse up...
or close it and execute all the inmates. The content in the jailhouse ought to be an embarrassment to you. Can you imagine this sort of thing going on at Silicon Investor under the eyes of their administrator? Jesus. You make Michael Brown look diligent.
Matt: Do you recall this?
I believe you composed it...
9/14/05 - Please no longer use this board as a free-for-all, no rules board. It should be used to admin-related discussions, helping people to not do the things that got them suspended. Friendly stuff. Please no offtopic chatter. If you want to chat, go to an offtopic board. If you want to fight go to the Parking Lot #board-37
****
If this is supposed to be the guideline for the jailhouse, why do you permit Paulie to display his idiotic homophobia day after day here? You think his shtik is friendly?
You should be ashamed of this sort of thing, Matt.
Paulie: How did you get to be...
such a raging homophobe? The hostility within you is, frankly, remarkable. I'm guessing there's some secret there that needs some work. And, Paulie, your stuff is not even that funny. It's puerile crap, mainly, that an adult ought to be embarrassed to display.
PS to Matt: You ought to be even more embarrassed to allow this sort of thing.