Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Weby-it is our ability to control the environment that negates evolutionary forces in human events. Darwin's simple, yet elegant ideas were (are) meant to describe how so much variation existed in the natural world. His explanation is that the environment causes certain traits to be selected because of their value to the survival of the creature (species) in the environment. Thus, the peppered moth that maintained it's light coloration was easily spotted and eaten by birds, while those lucky enough to undergo the genetic mutation to darker coloration survived. Were we humans in the peppered moth's predicament, we would have repainted trees, ourselves, designed anti bird weaponry, and paid for welfare for those light moths forced into hiding. Not exactly a good fit for Darwin's ideas.
Perhaps you have read "Why Most Things Fayl," by Paul Ormerod. He is a proponent of your view, and applies evolutionary ideas to many human arenas in his book, but mostly to business and government. He asserts
"Whether it is the great characters of tragedy or giant corporations such as Microsoft, the future remains covered in a deep veil to all. Species, people, firms, governments, are all complex entities that must survive in dynamic environments which evolve over time. Their ability to understand such environments is inherently limited."
I have a problem with the "inherently limited" part. People are far more creative and insightful than Ormerod gives them credit for. Thus, Albert Einstein can imagine himself riding on a beam of light, and conceive of a revolutionary idea. How does evolution explain Einstein's thirst for knowledge? It would appear that Einstein's limits were not so inherent.
People are also whimsical and fickle. I wonder how Ormerod would explain the phenomena of the pet rock? Remember those? How long did that last? Was the rise and fall of the Pet Rock an example of evolution at work? Evolution is too limiting an idea to explain all human behavior. Some human behavior is adaptive, and some much less so.
Applying Darwin's ideas to human psychology equals the Behaviorist school of thought. Behaviors that result in reinforcement are repeated, while behaviors that do not are discarded, according to this school. Even B. F. Skinner, the chief proponent of Behaviorism, recanted this notion. In his last days, Skinner revealed that he thought there was more going on in the human mind than just seeking reinforcement. Most psychologists have moved on, as well.
When we address human society/interactions, we are talking about behavior and thinking (which even Skinner admitted exists), not physical characteristics or genetics which provide automatic environmental benefit to those lucky enough to have them. We are more than that, if we choose to be. Or, in some self destructive individuals, less. Ideas and persuasion are the coin of the realm in our society-and those can change at the merest whim of their owners. While Darwin's ideas can explain much of human development up until the advent of agriculture (I would argue), once our massive amounts of cortical processing power began to achieve a high degree of control over our environment, Darwin (evolution) fell by the wayside.
Weby-Thanks for the website. I do watch the latest swirls in the political winds. It's interesting to watch the candidates establish their platforms and strategies in these early stages.
Regarding the Darwinistic view of human interactions, I guess I see too many problems with a pure application of Darwin to society. Don't get me wrong, I know Darwin is THE key to understanding biological developments, but, human interactions are just too far from basic biological processes like reproduction, hunting, foraging and evasion. I think that human society has blunted or eliminated the effects of evolutionary forces from much of our lives-by the application of cooperative approaches to the challenges that we face, such as medicine.
Darwin might be a good metaphor within which to consider changes and "progress," but human interactions are subject to far more than survival of the fittest-or, more closely, survival to the age of reproduction.
In any case, thanks for the discussion. It's good to stretch the mental muscles regularly. I may not have stretched you and Alea as much as you have streched me, but it has been much enjoyed on this end. Have a great day.
Weby-agreed on both counts-particularly with the notion that the new mass communications and the manner in which the media exercise it's powers are having a dramatic effect on people's views of the world, their place in it, and their feelings of security in the world. We would be far better off if the media would show a bit more restraint in their reportings.
Weby-I think Locke mixed Locke with Hobbes- and then I added a bit more in my choice of wording, which now that I think of it was more Hobbes than Locke.
In any case, I am referring to Locke's 2nd Treatise, the 3rd chapter, and the 9th chapter.
http://www.constitution.org/jl/2ndtr03.htm
Sec. 17. And hence it is, that he who attempts to get another man into his absolute power, does thereby put himself into a state of war with him; it being to be understood as a declaration of a design upon his life: for I have reason to conclude, that he who would get me into his power without my consent, would use me as he pleased when he had got me there, and destroy me too when he had a fancy to it;
-and-
Sec. 123. IF man in the state of nature be so free, as has been said; if he be absolute lord of his own person and possessions, equal to the greatest, and subject to no body, why will he part with his freedom? why will he give up this empire, and subject himself to the dominion and controul of any other power? To which it is obvious to answer, that though in the state of nature he hath such a right, yet the enjoyment of it is very uncertain, and constantly exposed to the invasion of others: for all being kings as much as he, every man his equal, and the greater part no strict observers of equity and justice, the enjoyment of the property he has in this state is very unsafe, very unsecure. This makes him willing to quit a condition, which, however free, is full of fears and continual dangers: and it is not without reason, that he seeks out, and is willing to join in society with others, who are already united, or have a mind to unite, for the mutual preservation of their lives, liberties and estates, which I call by the general name, property.<end>
Families and tribes do develop naturally due to human nature. The reasons for governments are far more complex. While 18th century philosphers may have their limits today, some ideas are timeless. A government that takes away more of your personal freedom or enjoyment of your property than is absolutely necessary is a bad government. It's a danger to it's citizens. As someone who has worked in a social work system, I have seen firsthand what our government is like when it has nearly absolute power over a person's life. And it is not pretty. The problem is that the power of the government must be wielded by someone-and the realization of the good intentions of whatever laws created by our government rests ultimately in the hands of government officials. The good that a law does rests solely upon the diligence, intelligence, compassion, and judgement of those officials.
From what I have seen, I would like to limit their capacity to ever hold any power of judgement over me.
Alea- I've not read Spinoza
My own interests run to the American Antebellum and Civil War periods, and the discipline of Psychology.
As far as the roots of Locke's ideas of liberty, European thinkers had been rediscovering the writings of the Greeks and Romans for a couple of hundred years before Locke's time-a bit ironic that the Muslim world played such a major role in preserving those ideas that we hold so dear today, don't you think?
Regarding your view of Darwin's theories trumping Locke's ideas- Locke in fact bases his theory of the reasons that men formed governments upon a very Darwinistic view of the natural world of men. Locke's early chapters describing the state of nature in which men lived in the absence of governments show that Locke thought men would act in a cruel manner to one another. This would produce a state of war, everyone upon another, as he described it. So, Locke and Darwin do not disagree. Instead, Locke moves the discussion past simple survival and describes the difference between the animal world and humans. We chose to end the anarchy by forming governments-and that became a part of our natural state, according to Locke. Life, liberty and property must be protected in such a system because unless people feel they are secure in those fundamental rights, government will break down and anarchy will reassert itself. This was true in Locke's time, and IMO it is still valid today.
Alea-It's been a relevant question since the earliest days of the existence of the United States. The original ideas behind the creation of the U.S. come from the writings of John Locke, an English philospher. His writings may be found at
http://www.constitution.org/jl/2ndtreat.htm
Locke said that left to their own devices, without any government to rule them, men would seek to exert power over one another. Anarchy would inevitably ensue. In such a scenario, Locke argued that men could have nothing of great value, because it would always be stolen or wrecked by their fellow men as each sought to achieve power/dominance over the others. Locke also said that any endeavors that required cooperation between groups of people would be impossible in such a world.
It was to remedy this problem that governments were formed, according to Locke. Men gave up some of their personal freedom in agreeing to obey the government in exchange for protections. Locke wrote that governments were created, and men gave up some freedom, to preserve "Life, Liberty, and Property." Jefferson changed property to "pursuit of happiness." Beyond that change, Jefferson's words are almost entirely derived from Locke.
The laws of nature that Jefferson invokes are a belief common to the Enlightenment period, in which science was beginning to play a prominent role in learned men's thinking. After Newton's discovery of the laws of gravity, it became a common notion that if one searched in the proper manner, "natural laws" could be found which governed everything on earth. Lockes writings are his attempt at delineating the "natural laws" which govern human interactions, especially government. It should be noted that parts of Lockes work are derivative of the work of Thomas Hobbes, an earlier philosopher.
Given this premise-supplied by Locke- the founders of the U.S. rebelled because, as they argued, the English government had begun usurping their "Life, Liberty, and Property."
Despite our nation's focus on these principles at it's founding, the issue of which you speak came up almost immediately. During the writing of our constitution, the issue of slavery became a stumbling block to gaining support from southern delegates. It became necessary for a compromise position to be created to which both pro and anti slavery forces could agree. The compromise essentially ignored slavery so as to leave both sides room to accept the constitution. Of course, anti slavery forces argued correctly that it was hypocritical to propound life, libery, and pursuit of happiness while denying those things to millions of people within your own borders.
There are many other examples of the limitation of these rights in our nation's early days. Among them are the Alien and Sedition Acts, Jackson's Native American Policies, the Dred Scott Decision, The Fugitive Slave Act, Lincoln's suspension of Habeus Corpus, Oliver Morton's prorouging Indiana's state legislature, the Confiscation Acts of the Civil War, and the list goes on and on.
In the twentieth century, Japanese Americans were arrested and held simply because of their racial heritage. Currently, some anti drug laws allow for the seizure of proerty upon simple suspicion of it's use in drug related activities.
I think, in truth, that American sentiments on this issue tend to ebb and flow. During times of turmoil, people yearn for strong leadership and someone who appears to be in control of the situation. They will accept at such times, a restiction of personal liberty, in return for feeling safer. Once they have the "strong" leader, however, they see the erosion of personal liberty that happens, and swing back the other way. I think we are in the midst of a swing back from acceptance of restrictions.
It's a delicate balance. How much liberty can be given before the anarchy of which Locke wrote rears it's head? How tight do restrictions have to be before they strangle the best parts of liberty?
It's also a valuable question in the context of the coming use of TPMs. Will they result in a lessening of the anarchy that has plagued the Internet, or will they cause an unacceptable restriction of freedoms? The scales begin to tip again.
Nicknamen-specious reasoning here
Normally I find much in your posts that I value, but this one is not founded upon any discernable evidence. The fact is that 3rd Q can be anything from disappointing to outstanding based upon the bits of evidence gleaned by this board. We know that there are pilots going on, and that at least one moderate sized company (Crane Aerospace) has adopted Wave's entire system. We also suspect that Boeing is in the process of adopting FDE with Seagate/Wave. We know that Seagate is now pushing FDE and beginning to ship in larger numbers. Also, chip bundling and ETS lite are still shipping on many models of laptops, with desktop deployment soon to start.
I would argue that these factors tend to favor an increase in revenues. If Seagate ships just 150,000 FDE.2, that will be around a million to Wave in the quarter at $7 a drive. Couple that with the pilots, Crane Aerospace, bundling revenue, and any government (or other) consulting contracts, and we could easily see a doubling of revenues next quarter.
You are correct to say that 1.8 million would be a disappointment. Yet, given the situation with the roll out of FDE.2, and the pilots, Crane Aerospace, etc. at some point soon, we are going to see a substantial increase by the end of the year.
We have enough money to get us to break even -if- Seagate comes through. That is all that needs to happen-Seagate has to ship 750,000 FDE.2 drives per quarter.
Given that we are close to break even with the funds in hand, I don't understand why you would assert that management would take us private. The last 10 million should cover any shortfall/delay, and if we are not raking in the cash by the time we get into that 10 million, most will be out of this stock before any move to private ownership would happen.
Management has also demonstrated that they are listening to the shareholders by altering the recent employee stock options plan. Why would they alter this plan if their secret intent is to take us private if things get too tight? Why would they go private when they could just use the last 10 million to get us there?
It has nothing to do with political correctness.
I am sorry that you don't post much, anymore. I valued your input on marketing issues, and your insights on the nature of making sales calls and pitches in the technology sector. I think you could still add much here, if you choose to post.
Goin Fishn
Ramsey
Wave's position and approach has been dictated by finances, or lack of them. Despite the small sales force, I tend to think that Wave/SKS have done rather well at getting their products and computing concepts to be introduced into the marketplace. It just feels like we now have a little buzz being created (finally), and that if we can just get some of our own people (with TPM focused expertise) in front of these potential customers, we will start to close some of them. I would like, for example for Wave to be able to have 100 of their demostration kits available, and 20 sales people available to do follow on face to face visits after a company has demoed the system, to talk about some of the additional benefits of TPMs, beyond just encrypting data.
But, as I said, I think that we will do just that once we have a little bit better cash flow. I think FDE will get us to that point even without more sales people, then, we can try to take it up a notch with our own people.
I'm very excited about the next three quarters. Hopefully B/E is 3-4Q, and by next spring, Wave will have enough to consider expanding a bit.
Gokite
I think sales and marketing are Wave's real weaknesses right now. We are too dependent on other companies personnel for selling our products. While I understand that this was a strategy to help keep burn down, or monies focused on R and D, I suspect that if we can get a better financial flow from FDE and ERAS, we will see Wave add to their sales force. It's obvious that Dell's salesforce still hasn't got a good handle on the benefits of TPMs. Hopefully we make enough in the next two quarters to let them add.
wavxmaster-either that or-
Perhaps there are some companies that are trying to produce products that leverage trusted computing like Seagate has done, and Wave is building software to enable it, as they did with Seagate. It is important that Wave continue to facilitate the adoption of trusted computing, as in their work on FDE.2. It can only help bring them income in the future.
Wavxmaster- the ERAS sales are what excites me-because that is a strong validation of SKS' vision of how trusted computing will eventually be utilized. That bodes very well for Wave's future.
BerthaB-that's the one-thanks
I think I will wait for Unclevername
On the other hand, isn't there a transcript that gets posted shortly after the CC now? Where have I seen that? Dutton?
Scorpio- I think SKS may have said something along the lines of "We" sold 1000 in the first week. What that "we" means in terms of which channel(s) did it occur through, I don't know. And, as I said, I am sure that I missed a few things just by process of having to type out the notes. I am getting worse and worse at multi-tasking-which my wife will readily confirm with an added slow shake of her head.
Wavxmaster-It's my pleasure. Glad to see you back on the board more regularly.
Goin Fishn
Genz2
I am not sure. Unfortunately, as I type the notes, I may miss a bit of the follow on statement. So, I am not sure that SKS gave indication that the 1000 drives have continued week over week consistently. I also didn't catch whether that was Dell, ASI, or a combination of the two. Sorry I can't help. Perhaps someone else heard more clearly.
Warbil- Agreed- I saw the CC as mostly positive, as well.
I have been aiming for 3Q this year as the real show me quarter. It is now here, with, as SKS said, some good prospects in front of us. I hope that somewhere in 3Q-4Q we make breakeven. I do think that we are facing a bit of the same thing that Windows Vista is when it comes to large scale adoption. People/companies seem to like letting others be the early adopters who then face the early debugging phase of a system. After they feel the early bugs are out, they move to widely adopt.
I like Wave's trial kits of a few computers with one acting as an ERAS for companies to try. Thats a good idea by Wave to combat the early hesitancy to commit to trusted computing.
People are so predictable sometimes. They love the tried and true heuristic approach to decision making-ie "I won't adopt new technology until it is widely accepted by other companies." Sometimes it is a good thing to make decisions this way, and sometimes it delays what you should do immediately.
2Q 2007 conference call highlights
I typed these as SKS spoke during the call. I make no warranty as to the absolute accuracy of these notes….I simply typed what I thought were interesting or significant statements during the presentation and Q and A. Please offer corrections, if needed.
SKS’ presentation-
Seagate-
The audit function of the FDE drives will be very important as we move forward-it will drive sales of the ERAS system because using ERAS can provide the audit trail that federal investigators will want if data at rest is lost on a laptop.
Over 1000 machines with FDE were ordered by end of 2Q
Wave has shipped about a couple of dozen customers an evaluation kit for FDE with ERAS. About 80% of these so far have either begun purchasing FDE with ERAS or have indicated that the system will be purchased in the future.
Lots of customers are asking where they could buy drives to retrofit their current machines for FDE.
Juniper/NAC-
Wave sees Windows server 2008 will be a huge motivating factor in causing owners to turn on their TPMs. NAC technology is built in to Windows Server 2008.
We probably won’t see first revenue from this area until after a couple more quarters.
Dell-
Dell is pushing TPMs more
Over 1/3 of new customer contacts are interested in using them for strong authentication
FDE is causing customers to use TPMs, some customers are then finding that ERAS makes it easy to turn on and utilize their existing TPM machines.
Government-
The Seagate FDE is not currently a part of the DARTT list of encryption products, but SKS sees this being resolved soon.
Good progress on getting Govt. entities to use TPMs, but no concrete purchasing agreement exists yet. It will take a bit of time yet.
One of the orders that has been received for ERAS and FDE has been from a government agency.
WaveExpress
Good growth in subscribers, had to upgrade server capabilities to handle it
E-sign-
E-sign has closed an agreement with EllieMae. The Wave solution won a very competitive bid process.
Customers here might be able to be announced as they purchase
4 million copies of bundled software shipped in last quarter.
SKS is still a bit frustrated that the market has not yet fully appreciated the benefits off adopting trusted computing
We should see greater enterprise adoption in 3Q
Marketing has still just barely started-now that trusted computing solutions are available that should increase
The Q and A
The list of customers on the enterprise pipeline is a great whose-who, but they all have thousands of seats, and the decision to adopt is a large one-but we should see a much larger engagement over the next few weeks and into the next quarter.
We believe NAC will be a big piece of Microsoft’s marketing of Windows server 2008.
The hope is that once a company buys FDE and ERAS for their new machines, then they will use ERAS to turn on their existing TPM machines. This will require the purchase of ETS from Wave, should drive sales of ETS
Costs increased 20% this quarter, SKS said Wave is helping develop new products using trusted computing in key management and subscriber management. The vast majority of new opportunities are in these areas, which will make new web services available.
Sales personnel are at or reaching capacity for managing accounts that they have today.
May have to add, but only if it is mostly covered by expanded sales
Major prospects are not closing quickly. SKS said he is frustrated by this, Wave has had to play a larger role in educating potential customers as to the benefits of trusted computing, suppliers sales materials are not good enough.
Prospects are remaining interested, not walking away-but are dragging their feet when it comes to purchases. TPMs benefits are still not well understood in many cases.
As soon as FDE was available, orders flowed in the door, but this is only a couple of days data. SKS has good expectations that enterprise sales will increase next quarter, but its hard to say how much yet.
A number of large prospects have just been bid with FDE as a part of the bid.
Wow- only three questioners? Dutton, SRA, and Robert I.
Let the debates begin, er, continue...
Goin Fishn
ISPRO- go to Wave website to link CC
Over 400% growth for the year so far in site visitors. Now, that's interesting! Thanks reach567
cslewis:
If you search back, I had posted previously a blog from a Boeing employee in which he stated that they were moving to FDE. Maybe they have already gone FDE just using TPMs and Wave? Then again, could be software FDE, who knows.
goin fishn
Wavxmaster- A giant CHA-CHING echoes through that story! That is just the thing to push reluctant CEOs and administrators towards FDE and Wave.
Lovin' it
Unclevername- OUTSTANDING post
Your contributions to the understanding of the numbers involved in this proposal are beyond compare.
Thank you for your hard work.
Ramsey-good job, that helps a lot/e
And breakeven BETTER happen, and soon/e
Trustco-what is that? Do you think that all caps somehow equals yelling at me? Grow up, even were you here and yelling at me face to face, that wouldn't make you right, and I can guarantee you that I am not the least bit worried that you might be upset with me.
Until we are assured of no more dilution from PPs, I will vote no to any plan that contains more shares than just that needed for recruiting.
There will be plenty of time to reward management after break even. I will happily vote in favor of it then.
My vote is still no, unless-
Steven publicly states that until break even occurs, and we don't have to worry about large scale dilution any more, he and other management figures will not exercise these options. They should only be for recruiting new hires. Until break even, we should all row the same boat.
I don't blame Steven for the PPs, they have kept us going, but we should not have to suffer more dilution unless absolutely needed.
Options-too much, too soon, too open ended
I vote no, unless there is a restructuring of the proposal. I can see the need for options to attract more good employees, but the plan as it is currently structured is potentially too dilutive to the loyal shareholders. Some of you have waited 10 years or more and suffrered through huge dilution and a reverse split. I don't blame you for your opposition to the plan.
We need a limited options plan, until break even is achieved. Until then, we just don't know how many PPs will be needed, and how much more dilution will occur from them. To ask for this much more potential dilution on top of that which we have suffered in the last couple of years is too much right now. We could attract enough new talent with just a couple of million shares in the plan, until we are assured that the PPs are a thing of the past.
Why not cut it to just what we need for recruiting for the next two years, then come back to us at that time?
Management has had a shot at options, they chose to exercise and sell, while we were left with dilution and the RS. We should be next in the reward line right now.
Gokite-link to the presentation
http://www.investorcalendar.com/IC/ClientPage.asp?ID=115228
Escrow-Exactly!
Seagate should solve this for us. It should create a huge pool of prospects for the ERAS system that Wave and Dell can sell to, with a powerful reason for customers to buy-key management. Once people in the IT community hear some positive buzz on TPMs, Wave, ETS and ERAS, companies will not be so hesitant about deploying them. Until then, the obstacle of "not me first" will continue to be tough to circumvent. No one wants to deploy "immature" technology.
It will take a couple of quarters for the tipping point of sales to result in the tipping point of reported revs. Share price tipping point will follow. Until then, there will be many ups and downs in SP.
Hello weets
I realize that there are a number of companies conducting trials of our system right now. I will be happy to be wrong, but I have my doubts about them jumping aboard the Wave vessel just yet. I don't think that IT directors at major corporations want to be ahead of the curve on new technology. They will wait until it is proven.
That's why Seagate is so important. As the first implementation of TPM protection, it will help to ease the concerns of those who have been burned in the past by too early adoption of new technology. It will show that TPMs work, and are ready to be the standard that we all hope they will be. It will also show the need for Wave's key management systems. The inertia will then be lifted, and Wave customers should close at a good clip.
But probably not till next winter. There is still a lot that has to happen before Wave can exclaim "We have made it to break even!"
Until then IMO the only wild card is NTT Data. Posters here have a good handle on most things, but NTT has gone quiet. We don't know what is happening there.
Hi Ramsey
A couple of things:
First, while a major contract of stand alone TPM implementation with Wave's architecture would be great, it would seem that the companies that Wave has on it's hot prospect list are still a bit hesitant about large scale adoption of TPM security. This makes Seagate the most likely source of the first large scale revenue to flow into Wave's coffers. Seagate might also be the reason for the hot prospects delay. They might be waiting to see if there are any problems with the Seagate solution, or waiting to see if Seagate is all they need. Don't underestimate the inertia of companies waiting to deploy technology that is "mature." They would rather someone else discover the various bugs in new technologies.
Second, while the possibility of one of the hot prospects closing is real, I don't think that Wave would miss the opportunity to trumpet this to the world. The point being that as an investor, we probably will know of any large jumps in quarterly revenue coming down the pipe.
Should be multiple buying opportunities over the next few quarters, as well as some chances to sell into a rally and average down later with my trading shares.
I think that the PIPE will tell us when Wave sees sizeable revs from Seagate. All in all, an interesting summer awaits us.
Good luck to you, and my thanks for your contributions here.
Seagate impact in "Couple of months"-SKS
Just listened to the presentation. Around the 26-27 minute mark, SKS says Seagate will be shipping in large quantities in a couple of months. I suppose this puts the impact on Wave's bottom line in the third to fourth quarter, which means the report of the earnings will be in November or February. (Or sooner, if it is really good). We sit in a good spot, as investors, IMO. It should be easy to track the degree of interest in FDE drives, and thus have a good appraisal of the possible impact to Wave.
Probably guarantees another PIPE. Also probably pushes BE from Q 2-3, to Q4-ish, unless unforseen partner sales/upgrades happen.
Cygnus = swan constellation /eom
Well stated Doma-you hit the nail on the head
We are asking companies and IT managers to make a huge change. TPM root of trust security eliminates the need for many other existing solutions. They won't make that decision lightly, and may want extended trials before committing.
Hopefully, Seagate gets Wave in the door, and helps FDE purchasers see the potential as well as the need for trusted computing.
Slog On!
Any shares being purchased on margin?
Anyone know?
Maybe the Seagate announcement on Monday or Tuesday?
Perhaps the announcement will cushion a mediocre earnings increase reported for fourth quarter, or conversely, good fourth quarter results may give added oomph to the boost from Seagate.
Or, could be a straw man argument.
T-Bone-Numbers have not been attached to any PRs yet
Why expect them now? Look at previous PRs-they state no minimums or maximums are guaranteed. they also do not disclose price per unit to Wave. All it will say is whether we are bundled. IMO
But-if we are bundled, it is only good for Wave. When people start having to use and manage the keys generated for the FDE drives, the need for Wave will become more plain.
Weby
Not sure if it is TPMs. I looked at some of the other cited documents on the page, and did not find mention of TPMs specifically. It sounds like they have worked with trusted computing concepts, so I posted it in the hopes that someone else may have corroborating info.
The Trusted Computing Exemplar Project-(US Navy)
Not sure if posted before-The Navy has been working with trusted computing since 2003, apparently. Not sure if this is TPMs.
http://cisr.nps.navy.mil/projects/tcx.html