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You might consider recycling your computer. This would also avoid any lawsuits that might result from people being hit as you toss it out the window. I do not want to see you suddenly being forced to drop all your DNAG shares in the face of a suit that could easily have been avoided.
Great site there MnFats.
Thanks
The local Albertson decided to discontinue the Origin line and dropped prices on all varietals to 3.49. I walked out with 2 six packs. Now they're all gone.
Will check that site out asap.
No, Ihave not tried it. For the time being I have a personal limit of $20 per any bottle of wine, and that's only on special occasions.
What was the close in Germany today?
TD Ameritrade for the 1st time in weeks accepted my online buy order for WAVX.
Education in China:
SHANGHAI, China - For 11 years, Shanghai's Yingjian Hope School offered cheap education to poor migrant children, operating from a tumbledown campus squeezed between evil-smelling chemical factories.
But the school lost its lease last year and was ruled illegal and unsafe. Education officials interrupted classes last week to declare it closed and police clashed with protesting parents and teachers outside the campus in the city's industrial Putuo district on Monday.
The dispute underscores one of the knottiest problems faced by China's estimated 150 million migrants. While they provide the raw labor driving China's economic dynamo, their children are effectively barred by high fees from schools in the cities to which they have moved from the countryside.
That has driven demand for migrant schools set up by private groups, which operate on the margins of the law and are frequently harassed or summarily closed by local governments. Strong demand for real estate in Shanghai, Beijing and other cities has sharpened such conflicts.
On Tuesday, a shouting match broke out at the school gates between teachers and employees of a nearby chemical plant that owns the school property.
"Our factory is not to be used for an illegal school," said one Huaheng Chemical Industry Corp. employee, who gave only his surname, Zhang.
"We're talking about education here, about children," shouted back Zhen Maohui, Jianying's director of education.
Inside, weatherbeaten desks and other school furniture were piled in the courtyard.
Under China's strict residency rules, children of the country's tens of millions of migrant workers are generally barred from attending local schools unless they pay steep fees that are far beyond the means of most migrants.
Jianying, one of about 300 schools serving the city's approximately six million migrants, was set up in 1996 by Yao Weijian, a county-level government adviser from Anhui province. Zhen said the school had about 80 teachers and more than 2,100 students, about 80 percent of them from Anhui — home to many migrants working in Shanghai.
The school charged about $64 in tuition each year — about one quarter of what it would cost to educate a child in a local school.
Jianying administrators admit their lease expired last April, but say they only wished to finish out the last two weeks of the term. They showed certificates and permits apparently issued by the central government and said they didn't understand why officials were so anxious to move them — and why they used such blunt tactics.
"We're asking the government for help with salaries and our losses and to investigate the violence by police," said Chen Gennong, an English teacher.
Monday's fracas involved more than 300 officers and government officials who blocked parents and ordered students onto buses, according to eyewitnesses and state media reports.
Officers also attacked reporters and teachers filming the scene and attempted to seize their digital cameras, Jianying teachers said.
Yao Zhangzhang, a sixth grade teacher, said he was punched and police grabbed his digital camera to delete the images.
"We just don't know why they were so anxious to move against us," Yao said.
Li Cuilan said she'd been trying to send her granddaughter to school, but was pushed away and shouted at by officers.
"They say this is a harmonious society," she said, a reference to the Communist Party's slogan for reducing social tensions. "How harmonious is that?"
Putuo district police refused to comment.
Putuo District Education Bureau officials who refused to give their names said the school was closed because it lacked a proper license and its lease had expired.
"We closed this school because it is not operated in a proper way. We are still dealing with relevant government departments on the issue," said a woman reached by telephone at the bureau's information office.
For now, Jianying students have been transferred to a branch of the Caoyang Primary School located nearby, although Jianying teachers said many students are simply staying home. A woman who answered the phone at Caoyang's administrative office refused to comment.
"We are obligated to follow the arrangements made by the Education Bureau," said the woman, who refused to give her name.
(AP, 1/9/07)
Ramspower,
Thanks for the inside view. Your comments bode well for next week and well into the future.
I was quite impressed with the site and tried to get them to place an ad on my Wine timeline, but they said no thankyou.
C-est la vie.
The local Albertson grocery store clerk, as I set up 3 bottles, suggested that I take advantage of the 10% discount for wine purchased as a 6-pack. After 3 seconds of thought, one per bottle, I agreed... and she sent the young lady packing bags to fetch 3 more bottles of my Origin Sauvignon Blanc. After several minutes I went looking for the young lady to help and she had the bottles but could not find the handy 6-pack container. We finally located the container and I proceeded home with a good stock for the week.
The next evening as I reached for a bottle of SB to cool in the fridge, I discovered that the young gal had gathered 3 bottles of Origin Viognier from France, rather than the SB from South Africa. Thus I am now in the process of acquiring a taste for Viognier. Things could be worse.
To my wife's dismay I drank all the Marietta Cellars Old Vines Lot 41. In looking to replace it I found the following site:
http://www.izowine.com/shop/welcome.php
Good site for ordering online.
Some of my favorites from 2006:
Balletto (2005) pinot noir from the Russian River Valley in Sonoma, Ca., was excellent at ~20.00.
Barbera D’Alba (2004) La Loggia, Italy, was excellent at ~$10.00
Marietta Cellars, an old vine red blend (bin 41) from Geyserville, Ca., was excellent at ~18.00 Google on their web site.
Markham (2003) sauvignon blanc, Ca., was excellent at a special sale $10.00
The new Origin series from France has featured wines from around the world at the most excellent introductory price of $5.50 at Albertson’s in Ca. The sauvignon blanc from South Africa has become one of my favorites. I expect prices will rise soon.
The Sideshow series from Australia has been a great deal. It consists of various blends priced at a remarkable introductory price of $4.50 at Albertson’s in California.
It will be interesting to watch the followup Tuesday on the German market.
Thanks for the list. I'll get mine up soon.
Happy New Year!!
Cash is never a problem when you have assets. They may not appear that tangible right now, but Dr. Hu is certainly tangible. He has put forth a plan, stuck to his promises and pretty much tripled the stock price over the last 6 months. This is just the beginning and for me HRCT is now an investment.
Today HRCT for me crossed the border from being a hopeful and speculative stock to an investment grade vehicle. The potential here for long term growth is huge. If the projected move to .50 happens in 2007, and I have no doubt that it will, then a move to 5.00 is certainly possible for 2008 if not sooner. I believe that those who lock in penny gains now will wish down the road that they had the faith to hold on for the longer haul. I very much look forward to seeing Dr. Hu again in February. Until then Happy New Year to all.
Thanks for the tip.
Happy New Year to all winos
And everybody else also.
125 for a bottle of wine is beyond my budget this year. Next year may be different.
Will check my list for recent winners.
How much is the Coppola Rubicon Cab? I do not recall seeing it, but then I never looked for it by name.
I ran out of red last night and broke open a 1997 Barolo that I was saving for my 60th next February. It was the best red I had all year. Now I need to find something to replace it.
Great card. That's exactly what I did.
Happy New year to you.
Good one!
And I am glad I'm neither a hunter nor a fisherman.
Noto Bene:
A close reading of the class action papers (page 5) says that:
"For shares of common stock (WAVX) purchased or acquired between July 31, 2003 and December 18, 2003, inclusive, and retained at the end of trading on December 18, 2003, the Recognized Loss shall be the LESSER of:
(1) $.31; or
(2) the difference between the purchase or acquisition price per share and $1.67."
For shares purchased and sold during this period the recognized loss is only $.03 or 10% of the diference between the purchase and sale price is the difference is a positive number.
No revenues. Perhaps some heavy shorting.
Tax loss selling IMHO. Good buying opportunity.
Re: Seagate and new IBM memory chips
You're right on the long term scale for advances in biotech, medicine and pharma due to extensive patient protection regulations. In PC tech advances gets implemented a lot faster.
Too bad the article did not give any indication of movement to production. We'll just have to wait and see. This would appear in the near term to have more of a negative impact on Seagate than WAVX.
Re: Seagate
A team of scientists has announced a breakthrough in computer memory technology that heralded more sophisticated and reliable MP3 players, digital cameras and other devices.
Scientists from IBM, Macronix and Qimonda said they developed a material that made "phase-change" memory 500 to 1,000 times faster than the commonly-used "flash" memory, while using half as much power.
"You can do a lot of things with this phase-change memory that you can't do with flash," IBM senior manager of nanoscale science Spike Narayan told AFP.
"You can replace disks, do instant-on computers, or carry your own fancy computer application in your hand. It would complement smaller technology if manufacturers wanted to conjure things up."
Technical details of the research were to be presented to engineers gathered at the 2006 International Electronic Devices Meeting in San Francisco.
Researchers expected the discovery to anoint phase-change memory the successor to flash memory as the electronics industry continues a relentless quest to make devices smaller and more powerful.
"These results dramatically demonstrate that phase-change memory has a very bright future," said IBM vice president of technology T.C. Chen.
"Many expect flash memory to encounter significant scaling limitations in the near future. Today we unveil a new phase-change memory material that has high performance even in an extremely small volume."
The new material was a complex semiconductor alloy that resulted from collaborative research at IBM's Almaden Research Center in the Silicon Valley city of San Jose, California.
Qimonda memory technology firm is based in Germany and Macronix is a "non-volatile" memory company located in Taiwan.
Computer memory cells store information as sequences of digital "zeros" and "ones" in structures that can be rapidly switched between two distinctive states.
Most computer memory devices are based on the presence or absence of electrical charge contained in a tiny region of a cell.
The fastest and most economical memory designs -- SRAM and DRAM, respectively -- use inherently leaky memory cells, so they must be powered continuously and, in case of DRAM, refreshed frequently as well.
These "volatile" memories lose their stored information whenever their power supplies are interrupted.
At the heart of phase-change memory is a tiny chunk of alloy that can be changed rapidly between an ordered, crystalline phase and a disordered, amorphous phase.
Because no electrical power is required to maintain either phase of the material, phase-change memory is "non-volatile."
"This is a much more robust memory technology," Narayan said. "It will be used more and more as flash gets into more and more trouble at small dimensions."
While the semiconductor alloy from Almaden is new, phase-change technology has been around for decades and has been used in DVDs and CDs, according to researchers.
Samsung and Intel have both been working with phase-change memory devices, according to Narayan.
"We have demonstrated the potential of the phase-change memory technology on very small dimensions laying out a scalability path," said Qimonda vice president Wilhelm Beinvogl.
"Phase-change memories have the clear potential to play an important role in future memory systems."
http://news.yahoo.com/s/afp/20061211/tc_afp/usitresearchchipscompanyibmmacronixqimonda
Cheers. I bet he meant cheers.
Cheers for the new HRCT and the Holiday Season!!
From today's WSJ:
Michael Yu didn't set out to be the "richest teacher in China," as he calls himself, smiling. Born in a poor farming village, the chairman and chief executive of New Oriental Education & Technology Group Inc., studied English to improve his chances of getting into college. He majored in English at Peking University, China's top school, and began teaching on the side to earn money. He planned to continue his studies abroad, and perhaps work for China's trade ministry.
Mr. Yu says he won admission to several U.S. universities for graduate studies, but none offered him the full scholarship he needed. So he continued teaching English and discovered that he had a knack. His upbeat style set him apart from most Chinese instructors, who tended to drone from textbooks.
After seven years refining his technique, Mr. Yu and his wife in 1993 founded New Oriental's first school. Within two years, they had 20,000 students. New Oriental is now the champion in China's English-teaching industry, with more than 800,000 student enrollments nationwide in its latest fiscal year at 25 schools and more than 110 smaller learning centers.
In September, New Oriental raised $129.4 million in an initial public offering on the New York Stock Exchange, where the 44-year-old Mr. Yu rang the opening bell. New Oriental's price has more than doubled from its initial $15; in 1 p.m. trading Friday it stood at $33.10 per American depositary share.
Mr. Yu says New Oriental plans to use its IPO proceeds to expand even further, in part through acquisitions. He spoke with Jason Dean in Beijing.
WSJ: What was your first job and what did you learn from it?
Mr. Yu: My first job was at 7 years old, planting rice seedlings and doing other farm jobs. I learned you have to be persistent. You have to work hard for a long time if you really want to get something.
For my second job, I went to a middle school to teach English. I was only 16. At that time my English was so poor. But one of the teachers got pregnant, so the head of the community heard that I was learning English, and he asked me to go teach. I was teaching students who were 12 or 13, so I became these students' friend. That was the starting point of New Oriental's teaching style.
WSJ: Why is it important for teachers to maintain that good nature in the classroom?
Mr. Yu: You have to play two different roles. You may feel depressed, but when you go into the classroom you have to consider yourself an actor. You know that many students are looking at you as maybe a role model.
WSJ: What books have you found most useful for business?
Mr. Yu: Let's divide it into Chinese books and Western books. Western books are more technical. Chinese books are more philosophical. The three that influence me most: One is the Dao De Jing [also called the Tao Te Ching, traditionally ascribed to Laozi, the ancient Taoist sage]. It's only 5,000 words, but it gives you real wisdom about how to deal with people, with the government, and with the system. Another is from Confucius, The Analects. It's not so philosophical, but gives you advice about how to deal with the everyday world. The other book is by a follower of Laozi named Zhuangzi . That book gives you great ideas on how to enjoy your life: how to give up some things, and which things you really need to stick to and believe in.
On the Western side, the books that influence me most are management books. "Good to Great" by Jim Collins ["Good to Great: Why Some Companies Make the Leap...and Others Don't"] -- even though some of the companies he discusses actually have collapsed, the theory is still useful. And a book by John C. Maxwell, "The 21 Irrefutable Laws of Leadership." The other book is written by Jack Welch , called "Winning." It helped me see that there are some business principles that are the same in China and the West.
WSJ: What are you reading now?
Mr. Yu: "Pour Your Heart Into It: How Starbucks Built a Company One Cup at a Time" by the founder of Starbucks, Howard Schultz. But also I'm reading literary books, mainly in Chinese.
WSJ: Is there something you wish that every new employee starting at your company already knew?
Mr. Yu: Everybody should understand the mission of New Oriental, the things people have to abide by all the time, like the responsibility we have to Chinese education. People should understand our system: We are making money, but making money is not our purpose.
WSJ: In your industry, what is the biggest difference between China and the West?
Mr. Yu: The complexity in the Chinese training industry is that the government doesn't have very detailed and clear regulations about the business. Sometimes you have to figure out what is legal and what isn't. Like when New Oriental was going to [make its initial public offering], we figured it out, by consulting government officials, and by our understanding of China.
The other is people's attitudes about education. The view of education by China's people isn't about becoming creative or innovative, or to find more wonder in their life. It's all about social status.
WSJ: Have you ever made a decision that you felt let people down?
Mr. Yu: Sometimes you have to get rid of some people, when you perceive that they don't have the same mission and vision, or they have become too greedy. Even though maybe sometimes it's your fault, because at the very beginning you gave people too much money and they became greedier, you cannot take it and you have to fight back, and people leave.
WSJ: How do you deal with that?
Mr. Yu: You have to use a systematic approach to human-resources performance evaluation, not decide by yourself who's going to get more, and who's going to get less. Because all these people come back to you as your friend, to bargain, and it becomes very difficult.
WSJ: What's the most satisfying decision you've made in this business?
Mr. Yu: Maybe the IPO decision. Because if we did not IPO, I still could run New Oriental but maybe some of my talented people would have left.
WSJ: At same time, that created new pressures and expectations, right?
Mr. Yu: Yes. Some of my employees got shares and options. So these people are happy. But there are other employees who don't have any options. You have to tell people that if you want to get options, you have to work hard...so you can get those benefits in the future.
From today's WSJ:
AUBURN HILLS, Mich. -- Stanford R. Ovshinsky has spent 40 years -- and millions of dollars in backing from various partners -- pursuing his dream. He wanted to build a huge machine that would make giant sheets of material that can generate solar power.
"I said we are going to make it by the mile," he recalls. "Nobody believed me, not even in my own company."
Today, Mr. Ovshinsky, 84 years old, finds himself running his factory at full capacity and overwhelmed with orders. His company, Energy Conversion Devices Inc., is the largest U.S.-owned maker of photovoltaic materials, which convert sunlight to electricity. The company is a pioneer in an exploding global industry selling $15 billion a year of what's called "PV."
The company's mammoth machine extends the length of a football field. It runs much like a printing press, spooling out thin sheets of the PV material, which can be used on roofs of homes or businesses. As energy costs rise, along with concerns about global warming, PV is in demand.
For decades, solar power -- invented in the U.S. in the 1950s and improved on in the space program in the 1960s -- was a made-in-America product with a tiny market. U.S. companies dominated until the late 1990s, when Japanese and German companies took the lead. Today, the U.S. holds third place in solar-power production, but China is closing fast.
Mr. Ovshinsky, a thin, nattily dressed inventor who never progressed beyond high school, is a big reason why the U.S. remains in this high-tech race. He has a six-month backlog of PV orders, selling about half his production to Germany, and is building three new plants. His PV is thinner, cheaper and more flexible than that of many competitors, and can be used directly as a roofing material.
"Stan Ovshinsky has shown the world that there is a robust market for thin film panels," says Rhone Resch, president of the Solar Energy Industries Association, based in Washington, D.C., which represents U.S. manufacturers.
Along the way, critics have seen Mr. Ovshinsky's ideas as marginal or far-fetched. His plans have cost a succession of business partners millions of dollars. And even today, while sales of his solar products are booming, his company is still losing money because of his other unconventional projects, such as a system that can store hydrogen fuel in cars.
"His thinking is different than most of us," says Robert Stempel, who was chairman of General Motors Corp. when he first became intrigued with Mr. Ovshinsky's approach. In 1995, after being forced out at GM, Mr. Stempel took his current job as chairman and chief executive of Energy Conversion Devices.
Mr. Ovshinsky's PV product has caught the attention of President Bush, who earlier this year decried the U.S.'s "addiction" to oil and vowed to expand domestic energy resources.
In February -- after calling for a doubling of the government's current solar-research budget of $83 million a year in his State of the Union speech -- Mr. Bush visited Mr. Ovshinsky's factory. After meeting privately with the inventor, the president spoke glowingly about how a consumer with a PV system on his roof could produce his own power and even sell it to the local utility in times of peak demand. For many U.S. consumers, however, the idea is more theoretical than practical, given a welter of conflicting state laws and utility practices.
Photovoltaic materials come in a variety of forms. What they have in common is that sunlight excites their atomic structures, creating electricity. Most producers make PV from expensive silicon crystals and cover their panels with protective sheets of glass. These materials depend on a uniform crystalline structure.
In the 1960s, Mr. Ovshinsky began working with cheaper materials that require a relatively tiny amount of silicon. In 1977, his work with these materials prompted him to begin thinking about a machine that would make a paper-thin film of PV. By this time, challenges weren't new to him.
Growing up in Akron, Ohio, Mr. Ovshinsky did odd jobs to help support his family during the Depression. He attended trade school at night, where he learned to run a machine shop. Building and fixing big machines became his passion. He soon wanted to know about the physics and chemistry that made machines run and the electronics needed to automate them. On weekends, he spent much of his time in Akron's libraries. "To me, school wasn't the place where I did most of my learning," he says.
He came to Detroit in the 1940s to sell his first invention, an automated lathe. In 1960, he and his wife, Iris, who had a doctorate in biochemistry from Boston University, set up Energy Conversion Devices. The purpose: to exploit the potential of amorphous materials, which include combinations of cesium, tellurium, germanium and other elements. "We wanted to start new industries and solve serious societal problems," says Mr. Ovshinsky.
His wife, who died in August, helped drive the business. "She was a very strong technical person and very strong in organizing him," says Larry Kazmerski, who manages the solar-energy program for the Department of Energy's National Renewable Energy Laboratory. "When you bought Ovshinsky, you got two Ovshinskys." One of their skills, he notes, was the ability to attract a steady stream of financial backers.
The Ovshinskys planned a factory that would make thin-film solar PV. Mr. Ovshinsky envisioned a machine that would deposit layers of the electricity-producing film on flexible materials, such as stainless steel, plastic membranes and even shingles. "Other products you put on your roof," he says. "Mine is the roof."
Support for solar took a nosedive in 1982, when the Reagan Administration cut the government's solar research budget in half, sending entrepreneurs and scientists to other fields. Meanwhile, Wall Street investors, burned by over-hyped solar projects, were skeptical. The electricity produced by solar power was far more expensive than that generated by coal or natural-gas power plants.
None of this deterred Mr. Ovshinsky. His goal was to make PV so cheap that it would be competitive with fossil fuels. Some backers wound up disappointed because it took him decades to build the big PV-producing machine. Others learned from his ideas, while providing him with funds to pursue his project.
The first company to take the plunge was Atlantic Richfield Oil Corp., which gave him $25 million in 1980. But after a three-year contract expired, it wasn't renewed. Then came Sharp Electronics Corp. The Japanese company was interested in using solar-powered cells to run its calculators and other electronic devices. That pact ended in 1987, Mr. Ovshinsky says. Sharp later returned to solar energy and is now considered the world's leading manufacturer of silicon crystal panels.
Standard Oil of Ohio became a partner in 1981. Mr. Ovshinsky recalls the company wanted to build only small PV machines. "I said you have to have a big machine to bring down your costs," he says. That pact ended after BP PLC, the British oil company, took over the Ohio company in 1986.
Eric Daniels, vice president of technology for BP's solar division, says the company saw merit in Mr. Ovshinsky's thin-film approach, but decided to commercialize silicon crystal panels instead. BP is now one of the world's leading PV producers. Some customers prefer the heavier silicon product because they say it makes electricity more efficiently in areas where there is strong sunlight.
Mr. Daniels says BP is still doing research on thin-film PV, but in order to gear up to manufacture solar panels "there were some tough decisions taken" to focus on making and selling one initial product.
In 1999, Mr. Ovshinsky formed a joint venture with Canon USA, a subsidiary of the Japanese camera and copier maker. Canon later sold its interest to a Belgian company, Bekaert NV, which agreed to invest some $50 million to construct the big machine Mr. Ovshinsky had in mind.
Bekaert's engineers helped design and build the PV machine, which began running in 2002. But in May 2003, Mr. Stempel says, a new team of Bekaert managers concluded the machine was too big and expensive to make a profit.
"We didn't want a reluctant partner, so we bought them out," says Mr. Stempel. Energy Conversion Devices paid Bekaert about $6 million, he says. Francoise Vanthemsche, a spokesperson for the Belgian company said: "Bekaert considers this as a closed file and will not provide any additional comment."
About that time, demand for PV panels began to rise as the result of incentive programs in Germany and Japan. Both countries were preparing restrictions on carbon dioxide and other emissions believed to cause global warming. In 2000, Japan began offering incentives that paid 50% of the costs of buying and installing solar panels.
That same year Germany launched a program that allows solar users to pay for their systems by selling excess electricity back to utilities at a generous, fixed rate. Some homeowners even rented neighbors' rooftops to expand production of solar power and their income.
These days, the global market for PV has grown so much that silicon is in short supply. To counter demand from PV makers, the computer industry and other users of silicon chips are bidding the price up, hampering companies like BP and Sharp that need lots of silicon crystals. That's good for Mr. Ovshinsky. Because his process uses relatively little silicon, he is selling all the PV he can make.
Sales for the solar division of his company, called United Solar Ovonic, have quadrupled since 2003, now running at $90 million a year. About 50% of its products are headed to Germany, where sunlight is relatively thin. "Germany has the average solar exposure of Anchorage, Alaska," says Mr. Resch, of the U.S. solar-industry association. But Germans get fat incentives for installing Mr. Ovshinsky's product.
Last year, for example, Michael Schindler's apartment building in downtown Berlin invested its reserve fund in a local bank, which paid 2.5% interest. This year, it has invested part of the fund in a new solar membrane on the roof -- made by Mr. Ovshinsky's company -- which is making enough electricity to raise the rate of return to about 5% for the money invested in solar.
Mr. Schindler says he had questions about the project at first, but electricians installed a voltage meter that shows him and other unit owners when they are making juice. "Overall, I am optimistic that it is a good system," he says.
Biohaus PV Handels GmbH, one of Germany's biggest distributors of solar products, likes Mr. Ovshinsky's PV because it can produce energy on older buildings with flat roofs and sometimes on walls of large buildings. "Business with this material is picking up strongly and continues to grow," says Manuela Schafers, spokeswoman for the company.
Some states are trying to prime the solar pump. Earlier this year, California launched an 11-year, $2.85 billion incentive program that, among other things, provides rebates to consumers to reduce by as much as 30% the cost of solar rooftop installations. Other states are working on similar programs.
The rising cost of natural gas sometimes pushes peak electricity prices in California and other areas above 20 cents a kilowatt hour -- a range where solar can compete without government incentives.
Thirty-four states have laws that permit homeowners to produce and sell solar energy, but many have limitations that discourage the practice, and utilities often make it difficult. "It's like having 50 different rules for plugging in your telephones," says Mr. Resch.
SRRY is now SRRYE
Hello Barge,
I would beg to differ on your recent description of WAVX as in: "a critical and tenuous phase of its development."
I believe WAVX is significantly beyond tenuous, and that this will become manifestly apparent in the Q4 report. The critical aspect of describing WAVX as a patient facing survival would be better painted along such lines as: "a brilliant graduate considering long term job offers from around the world."
Dutton Report:
Our price target remains $4.50 (adjusted from $1.50 to reflect the 1-for-three reverse split of earlier this year). Third quarter revenues were below our
estimate but we are more confident in the outlook primarily because Dell is now shipping more models with TPMs, the disk drive related business is
closer to reality and we have seen the beginning of customer upgrades to EMBASSY Trust Suite software. Consequently, for those investors willing
to consider an investment that offers the potential for significant appreciation versus the risk that the Company may go out of business if its products
are not widely adopted, (i.e., Wave is not cash flow positive) we believe Wave offers strong speculative appeal. We have a Strong Speculative Buy
on the shares.
Nice 10 point revue. I bet its good for at least a nickle tomorrow, perhaps a dime or more.
Thanks
Welcome to the club. Accumulation at these levels is better than being on the inside line for underpriced shares.
Thanks, I always enjoy a good Syrah.
Breakeven in Q2...
Pushing for public notice:
Hello Mssr. Cramer,
I am probably one of the few people that appreciate your performance more as that of a well-versed intellectual and historian than as that of a pop market guru. I wish that I could afford to hire you for my history project http://timelines.ws.
I understand that you have strict guidelines on your Mad Money show and that these include not mentioning stocks that trade under a certain dollar amount. You also certainly know that the greatest big money potential is with companies that sit on the cutting edge of a paradigm shift in technology, thus:
Over the last few years there has been a growing development in the PC hardware field to establish what has come to be called the Trusted Programming Environment. The purpose of this move has been to establish hardware based security, rather than the current easily breached SW security practice. As we speak most every motherboard manufacturer is now incorporating a chip called the "Trusted Programming Module" (TPM) onto their product line.
For a timeline on one of the major players in this field see: http://timelines.ws/subjects/WaveSystems.HTML
For WAVX see: http://www.wave.com/
Wave's next CC is set for 11/9/06
Algis Ratnikas
c/o www.timelines.ws