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.20 / .0003 = 666 PE
Only in a wide and wet sort of way!
Government spending: AP 11/8/04
China will selectively reduce spending to help trim its ballooning fiscal deficit, state media reported Monday, citing top economic officials who also stressed Beijing's intention to keep its monetary and currency policies stable.
The reports followed an economic planning conference over the weekend.
Though the government wants to cut the deficit next year, a major reduction in spending is unlikely because of the need to support weaker areas of the economy, such as agriculture, major state-run financial newspapers cited Vice Finance Minister Lou Jiwei as saying.
Lou said the government intends to reduce borrowing by issuing fewer special bonds and short-term notes, while continuing to issue regular bonds, the China Securities Journal and other newspapers reported.
The reports didn't give figures for the debt, which are expected to be released in 2005.
Heavy spending aimed at boosting growth helped push the government's annual deficit from less than 1 per cent of gross domestic product in the mid-1990s to more than 3 per cent since 1997.
The government's budgeted deficit for 2004 is 319.8 billion yuan ($38.7 billion), the same as in 2003.
The government has already ordered cutbacks in spending on public construction projects to help cool a boom that it says is fueling inflation and could cause financial problems. Last month, it raised most lending rates for the first time in nine years to help slow surging lending.
China's gross domestic product grew 9.1 per cent over a year earlier in the third quarter of this year, well above the 7 per cent official target for 2004.
A report on the Chinese economy released Friday by the International Monetary Fund (news - web sites) expressed concern that speculative and redundant investments could rebound unless Beijing tightens credit further. It also called for China to loosen tight currency controls.
But state media reacted on Monday to the report by stressing Beijing's view that efforts to cool the economy have yielded substantial results.
"The significance of the success of this round of macromanagement should not be underestimated," Ma Kai, head of the main planning agency National Development Reform Commission, said in excerpts of a speech published in the China Daily.
In a separate report, the newspaper cited an unnamed central bank spokesman as saying that because the IMF (news - web sites) report was based on data from before June, "some analysis and judgments may need to be updated."
The official reiterated Beijing's pledges to eventually loosen controls that keep the Chinese currency, the yuan, pegged to the U.S. dollar at a rate of about 8.28 yuan per dollar. But he emphasized the importance of "prudence," the report said.
The United States and other trading partners have been pushing Beijing to let the yuan trade more freely. They argue the dollar peg undervalues the yuan by as much as 40 per cent, giving Chinese exporters an unfair advantage and limiting Beijing's economic policy tools.
On Friday, expectations for the yuan's value surged to a seven-month high against the U.S. dollar on speculation, based on reports citing senior finance officials, that China may be preparing to loosen its currency controls.
Yes. Sooner or later.
BEIJING (AFP) - China's central bank said it would take a "gradual and safe" approach to loosening the yuan-dollar peg, following International Monetary Fund (news - web sites) (IMF (news - web sites)) calls to let the currency float in a wider margin.
A spokesman for the People's Bank of China quoted by the Jinrong Shibao financial daily Saturday said China would phase in moves to make the currency exchange rate more flexible.
The yuan is currently pegged in a narrow margin around 8.28 to the dollar under a regime enforced by the People's Bank of China. The spokesman said any moves to loosen the peg would be complex and would need to take many factors into consideration.
The bank would "adopt various measures to promote this reform gradually and safely," he said.
The bank's comments followed publication of an IMF report in Washington on Friday following meetings held with Chinese authorities in May.
The report said China was concerned that moves to relax the yuan-dollar peg could spark a speculative wave forcing the yuan higher.
"While acknowledging the need eventually for increased exchange rate flexibility, the (Chinese) authorities have strong reservations about making an initial move in present circumstances," the IMF staff said.
"In particular, they were concerned that a small initial move could exacerbate capital inflows."
The statement appeared to reflect a concern that many investors believe the yuan is undervalued.
However IMF staff said they were not convinced that the yuan was "substantially undervalued" and suggested that "a larger initial move would be necessary" if sizeable speculative capital inflows were to continue.
It looks as if China may revalue the yuan soon.
There was some discussion here months ago on the impact of such a move with regards to Hartcourt. The subject looks much more pertinent now. My layman's guess is that such a move would be very positive for HRCT.
SKS did talk about good prospects for WAVX in the mobile comunications field, but he did not get into any specifics saying the time frame was a little too far forward.
At that point I wanted to ask if he was aware of any silicon manufacturers creating TPM hardware for mobile handsets and whether or not WAVE was in talks with any such manufacturers.
Circumstances did not allow me to get the question in.
Any comments?
The board consensus with 6 guesses says about $177k in revs
2004 Oct 20, Wave Systems Corp. announced today that on Tuesday, October 26, 2004 at 4:30 P.M. EDT it will host a webcast/conference call reviewing recent corporate and industry progress as well as Wave's results for the third quarter ended September 30, 2004. Wave's re-sults will be issued after the market's close. Phone: via 212-271-4560 or 415-537-1970. Please call five minutes in advance.
(IHub #55690, 10/21/04)
One high, one low, average $270k.
This exercize is just a simple indicator of how accurate the board's consensus might be.
Anybody up for calculating a board consensus for upcoming revenues?
Let me start the ball rolling with a high $500k.
So what! Glad it's over.
For I while I began to have nightmares that Hartcourt might be trying to acquire a stake in the either the Yankees or the Red Sox. Go Rockets!
BEIJING (AFP) - China's 100 richest people amassed a total of 30 billion US dollars, up 29 percent from last year, with an electronics retailer topping a rich list released.
Average wealth among China's top 100 entrepreneurs reached 297 million dollars, according to Shanghai-based accountant Rupert Hoogewerf, compiler of the list for the sixth straight year.
Hoogewerf's research team found that China's wealthiest are in retail, information technology (IT) and investment -- mirroring global wealth trends in the list published for London-based magazine Euromoney.
Topping the list is Huang Guangyu, the 35-year-old founder of China's largest electronics retailing giant and second largest retailer GoMe Appliances, who had a personal fortune of 1.3 billion dollars.
Timothy Chen Tianqiao, 31, came in second, with a 1 billion dollar fortune garnered from a 60 percent ownership in the online games company Shanda Networking, China's largest Nasdaq-listed company by market value.
Investment company Citic Pacific chairman Larry Rong Zhijian fell from second to third place this year, but the value of his 18 percent ownership in the Hong Kong investment vehicle, increased.
"There is a curious parallel with wealth creation around the rest of the world. The three greatest fortunes amassed in the world today have been in retail (the late Sam Walton of Walmart), IT (Bill Gates (news - web sites)) and investments (Warren Buffett (news - web sites))," said a statement issued by Euromoney.
"That would make Huang the Sam Walton of China, Chen the Bill Gates of China and Rong the Warren Buffett of China."
In a sign of growing wealth among China's rich, China's richest had to have a minimum total wealth of 150 million dollars to get on the list this year - up significantly from 110 million last year and a far cry from the six million dollars in 1999 when the list first started.
China's urbanization is a key source of wealth for many of China's rich, with 45 of the entrepreneurs listed naming property as one of their main industries.
The most profitable industry this past year has been steel, as well as agriculture, retail, IT, and cars, according to list compilers.
Entrepreneurs in China are meanwhile gaining status and recognition from the government.
A quarter of the entrepreneurs listed are believed to be Communist Party members and 38 have been co-opted into either the legislature -- the National People's Congress -- or the advisory body, the Chinese People's Political Consultative Conference.
Strong ties with the government officials are crucial for entrewpreneurs to make money in China, a country where officials hold immense power in awarding contracts and approving land use agreements.
The US remains the country with the biggest impact on China's entrepreneurs, with many listing or hoping to list their companies there or exporting to the US market. Japan and Singapore also figure highly in business plans, researchers said.
It has taken China's richest an average of 11 years to build their businesses, with the average age being 46 years.
Coastal cities, especially Guangdong, Beijing, and Shanghai have the highest concentrations of wealth, with a majority of the entrepreneurs born there or with their head offices there.
The list was until last year published by Forbes. It has been seen as a way to gauge who and what companies to watch for in the world's fastest growing major economy.
But a few people who have been named on the list in previous years have faced criminal investigations, including Yang Bin, who was ranked by Forbes magazine as China's second richest man in 2001 but was later sentenced to prison for illegal financial activities.
Other high profile entrants to have fallen dramatically from grace include Shanghai property magnate Zhou Zhengyi who was 2002's 11th richest business leader. Zhou was arrested last year after an investigation into financial irregularities at firms under his control in Shanghai and Hong Kong.
Some of China's rich has shied away from being listed, fearing that with fame, they will draw the attention of the government and tax collectors.
Despite the lack of transparency in China, Hoogewert says his team collects the data from a variety of sources including financial information of listed companies.
SKS said it would not be a million.
500k would convince me of good progress.
There were no details given on specific ASP (Application Service Programs).
I was interested in the nuts and bolts of operations and asked a few to that effect. Carrie said she had divided Harctourt into 2 business segments: comsumer and commercial. My questions addressed how each worked.
On the consumer side she said the stores were small, more like small radio shack outlets (my comparison), than like CompUSA big stores. They focused on building custom PCs and distributing products such as Samsung monitors.
On the commercial side a sales force (Challenger) worked from a number of offices and called on customers both on site and over the phone to gather leads, make contacts and establish long term sales relations. This included efforts to tie customers into a contractual agreements for both hardware and software.
I am in total agreement with the previous posters on Carrie's outstanding business knowledge. She answered all questions directly with no hedging, except for a specific time frame for a new exhange listing and a refusal to rule out the possibility of a reverse split. It was clear, however, that the idea of a reverse split was anathema to both the management and all shareholders.
Perhaps more e-mail on the issue would help persuade Walt to address the question.
Reply from W. Mossberg
I'm sorry, but, due to the heavy volume of e-mail I receive, I cannot answer individual e-mail inquiries. I cannot consult on individual problems or purchasing decisions. I only select three questions to answer each week, and I only do so in print, in my Mossberg's Mailbox column on Thursdays.
Walt Mossberg
e-mail to Walter Mossberg, personal technology columnist at the WSJ:
I am planning to buy a new PC and have heard of new security chips called TPMs being mounted on motherboards. What are your thoughts on this new technology.
I believe that there's a lot of potential here. I will be buying more on weakness.
Shares of Nanogen (NGEN) rose almost 8 percent to $4 after the San Diego biotechnology company received a patent covering an electronic system to carry out and control multi-step and multiplex reactions in macroscopic or microscopic formats. Nanogen said the system covered by the patent uses its electronic microarray technology, which employs electricity to move and concentrate biological samples in miniature formats.
Here is an update on the WAVX timeline.
Note the June 15, 1998 entry for CFO Gerard T. Feeney!
Wave Systems Timeline
Wave news archive at www.wave.com
Wave Systems Corp.
480 Pleasant Street
Lee, MA 01238
tel: 413-243-1600
fax: 413-243-0045
ssprague@wavesys.com
Link to WAVX presentations: http://members.rogers.com/wavesystems/Presentations.htm
(IHUB, #31912, 2/26/04)
TPM Matrix: http://www.tonymcfadden.com/tpmvendors.htm
The story goes that Peter Sprague, while the head of National Semiconductor (a job he held for some 30 years, and took them from the pink sheets to a multi-billion dollar global company), came up with the idea for a digital meter. He reasoned that digital bits were like electricity in the begin-ning; ie. they could get it to your house, but didn't know how to charge for it. He thought the idea so revolutionary, that he patented the idea outside of NSM, and formed a company around it. The premise was that somehow OEM's would include the meter chip in every computer, and Wave would get a small piece of every transaction that washed across it.
(IHub, #39194, 4/27/04)
1988 Wave Systems began developing interoperable trusted technologies combining security features for hardware and software. Peter Sprague founded Wave Systems.
(http://www.wave.com)(IHub, #23768, 12/21/03)
1990 Victor Shear founded InterTrust.
(IHub, #21309, 11/30/03)
1994 Aug 31, The original prospectus from the WAVX IPO was posted. The prospectus states there is no public market for WAVX Class A Common Stock prior to the IPO offering of 3,600,000 shares.
(IHub, #22477, 12/10/03)
1997 Aug 26, Nasdaq Stock Market, Inc. advised Wave that it no longer meets the Nasdaq Stock Market, Inc.'s listing requirements with respect to net tangible assets.
(www.wave.com)
1997 Oct 2, Nasdaq granted Wave a listing on The Nasdaq SmallCap Market following Wave's September 11th hearing before a Nasdaq Listing Qualifications Panel.
(www.wave.com)
1997 Dec 18, Wave Systems Corp announced an agreement with IBM Corporation to find ways to inexpensively incorporate Wave Systems' WaveMeter® chip into PC products.
(www.wave.com)
1998 Jun 11, Aladdin exercised a warrant to purchase 1,000,000 registered shares of Wave Systems Corp. Class A Common Stock, yielding gross proceeds of $2,550,000 to Wave.
(www.wave.com)
1998 Jun 15, Wave announced an agreement with Interactive Magic, a leading developer and publisher of interactive strategy and simulation games, to distribute Interactive Magic's software titles through Wave's innovative WaveSystem.
(www.wave.com)
1998 Jun 15, announced that Gerard T. Feeney has been named Senior Vice President, Fi-nance and Administration and Chief Financial Officer. Mr. Feeney has a proven track record of establishing and improving financial, accounting and operating controls and procedures in start-up, turnaround and high-growth situations. In his roles he has also been responsible for secur-ing corporate funding, establishing Wall Street analyst relationships and the successful completion of numerous acquisitions. Prior to joining Wave, Mr. Feeney served as Vice Presi-dent, Finance and CFO at Xionics Document Technologies Inc. (Nasdaq: XION), a leading developer of innovative silicon and software for printing, scanning, copying, processing and transmitting documents to computer peripherals. Among his many accomplishments during his tenure between 1991 and 1998 was the successful completion of the company's $36 million ini-tial public offering in 1996. From 1986 to 1991, Mr. Feeney served as CFO of IMG, Inc., a privately-held developer of software and computer-aided machinery. From 1984 to 1986, Mr. Feeney was Corporate Controller at Wolfdata, Inc., a manufacturer and OEM supplier of com-puter modems, and from 1980 to 1984 Mr. Feeney began his career with a start-up division of Analog Devices, Inc.'s (NYSE: ADI) semiconductor group. Mr. Feeney holds a Bachelor of Sci-ence degree in Accounting, Computer Science and Operations Management from Boston College.
(http://www.wave.com/news/press_archive/98/980615feeney.html)
1999 May, Wavexpress, Inc., a joint venture formed by Wave Systems Corp. and Sarnoff Corporation, was founded to develop secure distribution channels for IP content over broad-band networks.
(www.wavexpress.com)
1999 May, Relisting.
(JV, IHub, 11/29/03)
1999 Jul, Ibrahim (aka "Tony") Elgindy & his infamous horde at Anthony@Pacific were appar-ently clued in to WAVX by a trader who bounced around here for many years.
It also seems that "Tony" was privy to an early release of a very negative piece on Wave in Bar-rons (7/99). Tom Claugus, a hedge fund shortseller, proclaimed in Barrons that essentially WAVX was the junkiest of all dot.bomb junk stocks & these A@P minions seemed to know about a few days ahead of publication.
(IHub, #39610, 4/30/04)
1999 Nov 23, Intel patent # 5,991,399. Method for securely distributing a conditional use pri-vate key to a trusted entity on a remote system.
(IHub, #20489, 11/24/03)
1999 Dec 13, Article on Wavoids: Danmny Hakim, Smartmoney.com. "Steven K. Sprague, the 36-year-old president and chief operating officer of Wave Systems..."
(IHub, #28868, 2/6/04)
1999 Compaq, Hewlett-Packard, IBM, Intel and Microsoft established the Trusted Computing Platform Alliance (TCPA) in an effort to define and promote the goal of trustworthy computing.
(http://www.unclever.com/wavx/DD.htm)
2000 Mar 13, Wave Systems 4Q99 quarterly conference call.
(IHub, #32900, 3/9/04)
2000 Mar 21, Intel patent # 6,041,122. Method and apparatus for hiding crytographic keys util-izing autocorrelation timing encoding and computation.
(IHub, #20489, 11/24/03)
2000 Mar, AMD announcement.
(JV, IHub, 11/29/03)
2000 Mar, WAVX shares reached $18.
(IHUB, #31565, 2/24/04)
2000 Jun 9, Wavexpress, a new technology company providing e-commerce and data broad-casting services to digital TV broadcasters, content providers and consumers, today announced the appointment of Andy Lippman, Associate Director and Senior Research Scientist at the Massachusetts Institute of Technology's Media Laboratory, to its Board of Directors.
(IHub, #26272, 1/14/04)
2000 Jun 18, A NY Times article on WAVX by Danny Hakin appeared: "Few Wavoids were as zealous as Doug McCoy, who compiled a 600-page compendium of board postings and e-mail messages, called WAVX 101, for fledgling investors. After the shareholder meeting, the McCoys, more convinced than ever about the company's prospects, began to invest on margin, using money borrowed from their broker, Web Street Securities, to increase their position. By the end of March, such purchases accounted for about a third of their positions..."
(IHUB, #31360, 2/23/04)
2000 Aug 16, The Trusted Client: AMD and Wave Mother Board Reference Design
(http://www.wave.com/technology/AMDWaveTrustedClient.pdf)
2000 Aug 22, Wave Systems Corp. today announced a strategic new security architectural model for creating multi-party trust in user devices. Trust @ the Edge specifies the integration of strong security in every user device, a major breakthrough in the challenge of creating trusted and private digital relationships while enabling reliable electronic exchange and com-merce over the Internet.
(IHub, #34591, 3/20/04)
2000 Sep 8, Philips Digital Networks, a leading MPEG-4 multimedia solutions provider, and Wave Systems Corp., a leading developer of technology platforms and services that enable next-generation e-commerce, will provide a joint demonstration of streaming media e-Commerce solutions in a secure environment based on MPEG4 as an open standard.
(IHub, #38688, 4/22/04)
2000 Sep 8, Wavexpress, a new technology company providing broadcast commerce for ter-restrial, cable and satellite broadcasters, today announced they are working with Microsoft Corp. to develop advanced digital television software solutions for the PC industry. Wavexpress will provide a live demonstration at the International Broadcasting Convention 2000. The dem-onstration will couple the Wavexpress datacasting application with Microsoft TV Technologies, yielding a fully integrated end-to-end solution for delivering interactive content and commerce to consumers. The Microsoft TV Technologies is part of the extensive television support being provided in future versions of Microsoft Windows.
(IHub, #38452, 4/20/04)
2000 Oct 24, Wave Patent # 6,138,239. "A method and system for secure transactions. The method and system comprise a security co-processor and an interface for interfacing the secu-rity co-processor to a host computer system." This may cover Microsoft's NGSCB architecture in its entirety
(IHub, #21260, 11/30/03)
2000 Dec 19, Wave Systems Corp. and InterTrust Technologies Corporation (ITRU) an-nounced today that they are collaborating to create the industries' premier high-end digital rights management solution, using Wave's EMBASSY® Trusted Client programmable hardware system, as the newest platform in the recently announced InterTrust RightsChip family.
(IHub, #25184, 1/6/04)
2001 Mar 7, Wave Systems 4Q00 quarterly conference call.
(IHub, #32900, 3/9/04)
2001 Mar 27, Founding members of the Consortium for Efficient Embedded Security (CEES) today held a charter meeting in Burlington, Ma., to initiate the development of universal stan-dards for creating secure, interoperable implementations of highly efficient, highly scalable public key security. By defining standards for deploying the most efficient, scalable embedded security solutions, CEES is meeting the need to support emerging digital infrastructures with new innovations in public key security. The first draft of CEES standards will be based on the NTRU Public Key Cryptosystem (PKCS).
CEES is a cooperative multi-organizational effort with oversight and contributions from leading companies and academia. Charter members include representatives from Aereous, C-SAM, Di-versinet, Intel, MasterCard International, NTRU, Setec, Solid, Sony, Texas Instruments, Univer-sity of Minnesota, University of Missouri, Macquarie University, and Wave Systems.
(IHub, #34507, 3/19/04)
2002 Mar 7, Wave Systems 4Q01 quarterly conference call.
(IHub, #32897, 3/9/04)
2002 May 14, Wave Systems 1Q02 quarterly conference call.
(IHub, #22493, 12/11/03)
2002 Jun 4, Intel patent # 6,401,208. "Method for BIOS authentication prior to BIOS execu-tion."
(IHub, #20489, 11/24/03)
2002 Jun 23, Leak on Palladium. The Microsoft infrastructure formerly known as Palladium and in 2003 called by the awkward acronym NGSCB (pronounced "ing-scub," short for Next-Generation Secure Computing Base).
(IHub, #21292, 11/30/03)(IHub #20416, 11/24/03)
2002 Jun 24, Wave Systems share holders meeting.
(IHub, #21292, 11/30/03)
2002 Jun 26, Palladium is the code name for a set of features in an upcoming version of Win-dows... It is a new breed of hardware with new capabilities in the operating system, and over time new applications and services... it will provide some very significant things in the way of security, personal privacy, and system integrity.
(IHub, #21307, 11/30/03)
2002 Aug 8, Wave Systems 2Q02 quarterly conference call.
(IHub, #22493, 12/11/03)
2002 Aug 19, Tarari, a start-up chip company that was spun out of semiconductor giant Intel, announced that it has received $13 million in its first round of venture funding. The San Diego company is developing so-called content processors, which are designed to speed up specific network-based software applications. The chips will help speed up software such as anti-viral programs that can dramatically slow down a corporate network.
(IHub, #21363, 11/30/03)
2002 Nov 11, Wave Systems 3Q02 quarterly conference call.
(IHub, #22493, 12/11/03)
2002 Nov 18, Wave Systems, a developer of hardware solutions and services for secure and trusted Internet commerce, announced a complete suite of secure EMBASSY™ services for National Semiconductor’s TCPA compliant SafeKeeper™ technology used in its PC21100 trusted platform module (TPM) and software stack. Wave’s solution, when combined with Na-tional’s SafeKeeper technology, provides servers, and desktop PC and mobile PC platforms, with a suite of secure services. This suite of services adds value and new revenue opportuni-ties, through the sale of the suite of service solutions, to the PC platform, while providing enhanced security and privacy options for consumers.
(IHub, #22302, 12/8/03)
2003 Feb 18, Wave Systems Corp., a developer of solutions and services for secure Internet commerce, is demonstrating its suite of secure EMBASSY®-based services at the Intel Devel-oper Forum, Feb. 18 - Feb. 21, 2003, at the San Jose Convention Center.
(IHUB, #29965, 2/13/04)
2003 Feb 19, Wave Systems Corp. (Nasdaq: WAVX - www.wave.com), a leader in secure hardware and software computing solutions and services, today announced it is partnering with the Comodo Group, the leading Internet security specialist which provides next generation E-commerce security solutions, to offer the industry's most comprehensive solutions for managing processes and transactions securely online.
(IHub #43692, 6/13/04)
2003 Mar 28, Wave Systems and National Semiconductor Approve Licensing Agreement on Hardware and Software Solution for Trusted Computing Platforms.
(http://www.unclever.com/wavx/DD.htm)
2003 Mar 31, Wave Systems 4Q02 quarterly conference call.
(IHub, #22493, 12/11/03)
2003 Mar 31, Peter Sprague announced his resignation as a director of Wave Systems.
(IHub, #24522, 12/29/03)
2003 Apr 7, Nancy Sumrall at RSA 2003 said "Intel is pleased to demonstrate Wave’s suite of trusted services on TPM enabled Intel platforms. It is important that the OEMs and the industry in general begin to deliver these TPM based services which can interoperate amongst all of the secure platforms that will be deployed over the next few years. Wave’s insights in the develop-ment and delivery of these trusted services are just the beginning of bringing a whole new level of value to the PC platform," said Nancy Sumrall, safer computing initiative manager, Desktop Platforms Group at Intel.
(IHUB, #30528, 2/18/04)
2003 Apr 8, AMD, HP, IBM, Intel and Microsoft today announced the formation of a new in-dustry group dedicated to embedding trust and security more broadly into computing platforms and devices. The Trusted Computing Group (TCG) will work to create open standards that can be adopted for use in products and solutions across the spectrum of computing, including PCs, PDAs, servers and digital phones, to enable secure and trusted computing that can protect data, privacy, and individual rights. Wave joined TCG. There were only 11 companies initally in-vited to TCG, WAVE, being one of them, of course.
(http://www.unclever.com/wavx/DD.htm)(IHub, #24287, 12/26/03)
2003 Apr 10, Wave Systems Announces Secure Services Support For IBM ThinkPad Note-books and NetVista Desktops, the Industry’s First Trust Infrastructure Services for TCG Platforms Using EMBASSY® Trust Services to be Demonstrated at RSA Conference 2003.
(http://www.unclever.com/wavx/DD.htm)
2003 May 15, Wave Systems 1Q03 quarterly conference call.
(IHub, #22493, 12/11/03)
2003 May 27, After extending the due date on the loan in 2002, WAVX approved a bonus (to Feeney), "in an amount equal to Mr. Feeney's obligations with respect to such loan and accrued interest," according to Wave's 2003 Schedule 14(a) proxy filing. Feeney repaid the loan with the funds from the bonus." "Wave made a loan of $250,000 to the company's chief financial officer, Gerard Feeney, in 2001 so he could pay capital-gains taxes on exercised Wave stock options.
(IHub, #28955, 2/6/04)
2003 Jul 25, Wave closed at $.86.
(IHub, #23649, 12/19/03)
2003 Jul 30, Wave Systems Corp. and Cubic Defense Applications, the defense segment of Cubic Corporation (AMEX:CUB), announced a strategic partnership where Cubic will integrate Wave’s EMBASSY® technologies into a new line of versatile smart card readers. These read-ers will be offered in several form factors, such as standalone Universal Serial Bus (USB) devices, trusted computer keyboards, and proximity door access devices.
(IHub, #46 TCG, 2/15/04)
2003 Jul 31, Wave Systems announced an agreement with Intel Corporation that will help en-able both companies to accelerate the development and deployment of trusted applications and services for safer computing on personal computer platforms.
(JV, IHub, 11/29/03)(http://www.unclever.com/wavx/DD.htm)
2003 Jul 31, After opening at $1.03 on July 31 it closed at $2.25 the same day, and went on to finish at a two-year high of $4.53 on Aug. 5.
(IHub, #23373, 12/19/03)
2003 Aug 4, Wave Systems Corp. announced that the new Document Manager Vault and SmartSignature security software applications in Wave's EMBASSY® Trust Suite client soft-ware family work with the IBM Embedded Security Subsystem, a hardware and software-based security solution available on select ThinkPad notebooks and ThinkCentre desktops, to create more secure applications for the business user.
(IHUB, #32005, 2/27/04)
2003 Aug 4, Reuters said that Wave Systems said it had agreed to a deal with IBM to embed its software inside selected IBM notebook and desktop computers, marking the latest in a string of deals for the tiny company. (corrected by Reuters on Dec 19) "a deal with IBM in which its software would be compatible with selected IBM notebook and desktop computers."
(IHub, #23431, 12/19/03)(Reuters, 8/4/03)(IHub, #23685, 12/19/03)(Reuters, 12/19/03)
2003 Aug 4, Wave Systems' stock, among the most actively traded and top percentage gain-ers on Nasdaq, was up 28.8 percent, or $1.05 cents, at $4.70.
(IHub, #23416, 12/19/03)
2003 Aug 5, Wave Systems reached a high of 5.24.
(IHub, #23463, 12/19/03)
2003 Aug 5, Wave Systems Has Not Inked Deal With IBM. WAVX Wave Systems Corp. (WAVX) stated that its security software is compatible with International Business Machines Corp.'s (IBM) embedded security subsystem. (A story that ran at 1:04 p.m. EDT incorrectly stated that Wave Systems has an actual deal with IBM.)
(IHub, #23822, 12/21/03)
2003 Aug 5, Gerard T. Feeney, WAVX CFO, sold 100,000 shares at $5 per share.
(http://biz.yahoo.com/t/83/355.html)
2003 Aug 5-6, Wave Systems has received $3.6 million in cash, with $1 million of that coming as a loan repayment from its former chair, Peter Sprague. The remainder came from share-holders who exercised options to buy 1.189 million shares at strike prices between $1.09 to $4.08 per share. CFO Gerard Feeney sold 100,000 shares at $5, after receiving options with 150,000 underlying shares.
(IHub, #23472, 12/19/03)(IHub, #23681, 12/19/03)(IHub, #39585, 4/30/04)
2003 Aug 6, August 6, 2003 SKS exercised and sold 150,000 options … exercised at an av-erage of $1.13, sold at an average price of $3.56. Among those exercising options were CEO Steven Sprague, for 150,000 shares at a strike price of $2.01. He sold all of the underlying shares. Sprague had received options in 2002 with 252,500 underlying shares.
(IHub, #23472, 12/19/03)(IHub, #23681, 12/19/03)(IHub, #39585, 4/30/04)
2003 Aug 6, The share price of Wave (WAVX) slumped by nearly 31%, a drop of $1.39 on the day, and it's all being put down to a report by a US hack. According to Ellen Sheng of Dow Jones Newswires, its auditor KPMG said that it was doubtful it could continue as a going con-cern beyond the second quarter of 2003.
(IHub, #23470, 12/19/03)
2003 Aug 7, Wave Systems said it expected to receive $2.6 million from the exercise of share options by current and former employees, and another $1 million owed by Peter Sprague. The elder Sprague had been extended that amount in loans by Wave's board of directors in 2001, but had defaulted on the scheduled repayments.
(IHub, #23768, 12/21/03)(IHub, #39585, 4/30/04)
2003 Aug 8, Wave Systems 2Q03 quarterly conference call.
(IHub, #22493, 12/11/03)
2003 Aug 8, Wave Systems announced that Peter Sprague had repaid a loan of $1 million.
(IHub, #24522, 12/29/03)
2003 Aug 14, Wave Systems Corp., a leader in delivering trusted computing applications and services with advanced products, infrastructure and solutions across multiple trusted platforms, today announced the EMBASSY® Trust Suite of applications and services will be available for Atmel Corporation’s Trusted Platform Module (AT97SC3201) technology and software stack.
(IHub, #30351, 2/17/04)
2003 Aug 19, Wave Systems Corp., announced it has joined the RSA Secured® Partner Pro-gram to help provide trusted identity and access management between the Wave's eSign Transaction Management Suite, (eTMS) and RSA Keon® digital certificate management soft-ware.
(IHub, #24522, 2/15/04)
2003 Aug 19, Dir Sells 10,000 of WAVE SYSTEMS CORP issuer: WAVE SYSTEMS CORP. FILER: BUSHNELL NOLAN K TITLE: Director Date Transaction shares price value:
8/19/03 Exercise 10,000 @ $1.22 for $12,200; 8/19/03 Sale 10,000 @ $3.57 for $35,742.
(IHub, #37748, 4/15/04)
2003 Aug 26, SmartMoney ran an article by Scott Patterson on WAVX... "Then came news of a software-bundling deal with Intel (INTC) and a partnership with IBM (IBM) — twin events that caused Wave's stock to spike more than 500% over the course of several days, reaching an in-traday peak of $5.24 on Aug. 5..."
http://yahoo.smartmoney.com/onthestreet/index.cfm?story=20030826&afl=yahoo
(IHUB, #31356, 2/23/04)
2003 Oct 14, Intel patent # 6,633,981. Electronic system and method for controlling access through user authentication.
(IHub, #20489, 11/24/03)
2003 Oct 22, Wave Systems Corp. announced today that Wave’s bundled trusted applica-tions and services software security suite for safer computing is now shipping.
(IHub, #24455, 12/28/03)
2003 Nov 13, Wave Systems 3Q03 quarterly conference call. The company reported net revenue from development service and license contracts of $80,000, compared to third-quarter 2002 revenue of $70,000. It reported a net loss to common shareholders for the quarter of $8.3 million. Net revenue for the first nine months was $130,000, compared to $393,000 in revenue during the same period last year. The net loss to common shareholders for the first nine months was $21 million, compared to $33.6 million last year, Wave reported. The company said it had $6 million in cash, enough to fund operating, sales, marketing and development activities until February.
(IHub, #22493, 12/11/03)(IHub, #23768, 12/21/03)
2003 Nov 19, Wave completed $7.1 million private placement financing with a group of institu-tional and accredited investors.
(www.wave.com)
2003 Nov 24, Wave Systems To Present Trusted Computing Strategy at Red Herring Fall 2003 Conference in Monterey, California.
(www.wave.com)
2003 Dec 1, Grantsdale chipset, scheduled for release in the first half of 2004, will allow users to run wireless networks from their PCs.
(IHub #21498, 12/1/03)
2003 Dec 8, Seoul-based content management company XMedia announced today that it has been selected by CyberKAIST to provide technology for delivery of online courseware. XMedia has chosen Wavexpress, majority owned by Wave Systems Corp. (WAVX:NASDAQ), as the technology platform provider to ensure secure broadband distribution of the courseware. Wavexpress delivers full-screen, DVD-quality digital content over broadband networks.
(IHub, #22213, 12/8/03)
2003 Dec 8-10, Wave Systems Corp. demonstrated a range of Trusted Computing security and business productivity solutions at the Inside ID Conference, Washington, D.C.
(IHub, #21707, 12/3/03)
2003 Dec 17-18, SEC said it had begun a formal probe of Wave Systems Corp., a maker of security software. Wave said the Securities and Exchange Commission had launched a formal investigation of the company. The probe by the U.S. financial watchdog relates to certain public statements the company made around August 2003, as well as certain trading in the companies securities around this time.
(Reuters, 12/18/03)
2003 Dec 19, Wave Systems closed at 1.50. Reuters issued correction of Aug 4 article. Origi-nal: Reuters said Wave Systems said it had agreed to a deal with IBM to embed its software inside selected IBM notebook and desktop computers, marking the latest in a string of deals for the tiny company. Corrected to: "a deal with IBM in which its software would be compatible with selected IBM notebook and desktop computers."
(IHub, #23431, 12/19/03)(Reuters, 8/4/03)(IHub, #23685, 12/19/03)(Reuters, 12/19/03)
2004 Jan 14, Wave Systems closed at 2.18.
(WSJ, 1/15/04)
2004 Jan 15, SSP Solutions, Inc. (NasdaqNM:SSPX), a leading provider of identity and infor-mation assurance products and services, today announced a strategic partnership with HID Corporation, the premier manufacturer of contactless access control readers and cards for the security industry. Wave had about 3.9 million shares of sspx.
(IHub, #26308, 1/15/04)(IHub, #26311, 1/15/04)
2004 Jan 23, Class-action suit filed against WAVX by Marcello Trebitsch. News made public Feb 4.
(IHub, #28421, 2/5/04)
2004 Jan 26, Candy M. Sousa signed a complaint form with Milberg Weiss against WAVX.
(IHub, #29002, 2/7/04)
2004 Feb 4, Milberg Weiss class action suit against WAVX announced.
(IHub, #28316, 2/4/04)
2004 Feb 5, A third class-action suit was filed by Charles J. Piven against WAVX: "on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of Wave Systems Corporation (NASDAQ: WAVX) between July 31, 2003 and February 2, 2004, inclusive (the "Class Period")."
(IHub, #28654, 2/5/04)(IHub, #28667, 2/5/04)
2004 Feb 6, The number of employees at WAVX is about 90.
(IHub, #28933, 2/6/04)
2004 Feb 7, Article by Buill Carey on 3 suits against WAVX.
(IHub, #29006, 2/7/04)
2004 Feb 10, A class action lawsuit was filed by Zimmerman, Levi & Korsinsky, LLP in the United States District Court for the Southern District of New Jersey on behalf of all purchasers of the securities of Wave Systems Corp. between July 31, 2003 and December 18, 2003.
(IHub, #29534, 2/10/04)
2004 Feb 10, A securities class action lawsuit was commenced in the United States District Court for the District of Massachusetts on behalf of all persons who purchased or acquired se-curities of Wave Systems Corporation. A copy of the Complaint is available from the Court or from Bernstein Liebhard & Lifshitz, LLP.
(IHub, #29603, 2/10/04)
2004 Feb 11, Notice is hereby given that a class action lawsuit was filed in the United States District Court for the District of Massachusetts on behalf of all purchasers of the common stock of Wave Systems Corporation from July 31, 2003 through December 18, 2003, inclusive by the Law Firm of Schiffrin & Barroway, LLP.
(IHub, #29639, 2/11/04)
2004 Feb 11,The Law Firm of Cauley Geller Bowman & Rudman, LLP announced today that a class action lawsuit has been filed in the United States District Court for the District of Massa-chusetts on behalf of purchasers of Wave Systems, Inc. common stock during the period between July 31, 2003 and December 18, 2003.
(IHub, #29668, 2/11/04)
2004 Feb 13, Wave Systems Corp. announced its EMBASSY® Trust Suite software will be demonstrated within the Trusted Computing Group (TCG) Community exhibition area, Booth 152, at the Intel Developer Forum, February 17-19, at the Moscone Convention Center, SF.
(IHub, #30213, 2/15/04)
2004 Feb 13, Lasky & Rifkind, Ltd., a law firm with offices in New York and Chicago, an-nounces that a lawsuit has been filed in the United States District Court for the District of Massachusetts, on behalf of persons who purchased or otherwise acquired publicly traded se-curities of Wave Systems Inc. between July 31, 2003 and December 18, 2003, inclusive.
(IHUB, #29970, 2/13/04)
2004 Feb 20, Wechsler Harwood LLP today announced that it has filed a Federal Securities fraud class action on behalf of persons or entities who purchased or otherwise acquired the se-curities of Wave Systems Corporation (WAVX) between July 31, 2003 through February 2, 2004, inclusive.
(IHUB, #30906, 2/20/04)
2004 Feb 23, Wave Systems Corp. and NTRU today announced that they have teamed up to provide a cross-platform software solution for trusted personal computers. The secure software from the two companies is designed to work with multiple-vendor Trusted Computing Group (TCG)-compliant security chips now available for personal computers. By making available mul-tiple-security chip software from each company, PC OEMs and chip manufacturers can have more options in the secure solutions they provide to customers.
(IHUB, #31187, 2/23/04)
2004 Feb 23, Suit # 10: Goodkind Labaton Rudoff & Sucharow LLP filed a class action lawsuit on February 19, 2004 in the United States District Court for the District of Massachusetts, on behalf of persons who purchased or otherwise acquired publicly traded securities of Wave Sys-tems Corporation between July 31, 2003 and February 2, 2004, inclusive. The lawsuit was filed against Wave, John E. Bagalay, Jr., Steven K. Sprague and Gerard T. Feeney.
(IHUB, #31208, 2/23/04)
2004 Feb 23, Law Offices Bernard M. Gross, P.C. announced that a class action lawsuit, numbered 04cv 30037, was commenced in the United States District Court for the District of Massachusetts, Springfield Division, against defendants Wave Systems Corp. (WAVX) , Steven K. Sprague (President & CEO), Gerald T. Feeney (COO) and John E. Bagalay, Jr. PhD (Chairman of the Board) on behalf of all persons who purchased the securities of Wave Sys-tems Corporation between July 18, 2003 and December 18, 2003, seeking remedies under the Securities Exchange Act of 1934.
(IHUB, #31332, 2/23/04)
2004 Feb 23-24, Three derivative claimes were filed against Wave systems. A motion to con-solidate the claims was filed 3/18/04.
Sachs v. Sprague, et al. (04-30037-MAP Filed 02/23/04);
Swanson v. Sprague, et al. (04-30038-KPN);
Harvey v. Sprague, et al. (04-30044-MAP Filed 02/24/04)
(IHub, #34605, 3/20/04)
2004 Feb 24, Wave Systems Corp. today announced its EMBASSY(R) Trust Suite software will be demonstrated at Booth 516 at the RSA Conference 2004, February 23-27, at the Moscone Convention Center, San Francisco.
(IHUB, #31434, 2/24/04)
2004 Feb 24, Stull, Stull & Brody Announces Class Action against Wave Systems: Notice is hereby given that a class action lawsuit was filed on February 23, 2004 in the United States Dis-trict Court for the District of Massachusetts, on behalf of all persons who purchased common stock of Wave Systems Corp. between July 31, 2003 and December 18, 2003, inclusive against Wave Systems, Steven Sprague and Gerard T. Feeney.
(IHUB, #31534, 2/24/04)
2004 Feb 25, RSA Conference-- Computer Associates, DataPower Technology, Entrust, Hewlett-Packard, Oblix, OpenNetwork, RSA Security, Sun Microsystems, and Others Show-case Authentication and Authorization Standard at RSA Conference. Eleven vendors teamed with the U.S. General Service Administration (GSA) E-Gov E-Authentication Initiative to demon-strate interoperability of the Security Assertion Markup Language (SAML), an OASIS Standard for the exchange of authentication and authorization information. For the first time ever, mem-bers of the OASIS Security Services Technical Committee demonstrated both types of SAML version 1.1 Single Sign-On, along with additional scenarios that highlight SAML's flexibility.
(IHUB, #31711, 2/25/04)
2004 Feb 27, Wave Systems Corp. announced its EMBASSY(R) Trust Suite software will be demonstrated in Booth 311 at IBM PartnerWorld 2004, February 29 - March 3, at the Mandalay Bay Resort Hotel and Convention Center, Las Vegas, NV.
(IHUB, #31991, 2/27/04)
2004 Mar 11, Wave Systems Corp. reviewed corporate and industry developments over the past several months and reported results for its fourth quarter and year ended December 31, 2003. For the fourth quarter ended December 31, 2003, Wave Systems reported net revenue principally related to software license contracts of $59,000, compared to revenue of $53,000 for the fourth quarter ended December 31, 2002. For the fourth quarter of 2003, Wave reported a net loss to common stockholders of $670,000, or $0.01 per basic share. Among other items, Wave's fourth quarter results include the benefit of a non-cash, unrealized holding gain on trad-ing securities of approximately $3.6 million.
(IHub, #33163, 3/11/04)
2004 Mar 29-Apr 13, Wave sold six-hundred and fifty-five thousand (655,000) shares of SSP’s common stock on the open market at prices ranging from $1.65 to $2.15 per share.
(IHub, #37269, 4/3/04)
2004 Apr 5, Wave Features its EMBASSY® Trust Suite at Microsoft Security Events
from April through June 2004 (schedule).
(IHub, #36708, 4/8/04)(IHub, #3719, 4/13/04)
2004 Apr 12. Microsoft reported that it agreed to pay $440 million to settle a broad patent suit with InterTrust. It covered the protection of digital content against unauthorized copying.
(WSJ, 4/12/04, p.A3)
2004 Apr 13, WAVX shares climb .81 to $2.14 on 14.6 million shares traded.
2004 Apr 14, Wavexpress, Inc. today announced the latest release of its TVTonic(R) broad-band software, which is now compatible with Microsoft's Windows XP Media Center Edition, the home entertainment version of Windows. The new version of TVTonic integrates with the Media Center Remote and is optimized for the livingroom viewing experience.
(IHub, #37362, 4/14/04)
2004 Apr 15, Wave Systems Corp. announced today that it has filed a $25 million shelf Regis-tration Statement on Form S-3 with the Securities and Exchange Commission.
(IHub, #37547, 4/15/04)
2004 Apr 26, Wave Systems Corp. today announced its EMBASSY(R) Trust Suite software will be demonstrated in the Hewlett-Packard exhibition area, Booth 450, at Infosecurity Europe 2004, April 27-29, at the Grand Hall, Olympia, London.
(PR)
2004 Apr 29, The 2004 Annual Meeting of Stockholders of Wave Systems Corp. (the "Com-pany") will be held at 4 p.m. on Monday, June 21, 2004 at The New York Helmsley Hotel, 212 East 42nd Street, New York, New York, for the following purposes.
(IHub, #39452, 4/29/04)
2004 May 4, Microsoft executives confirmed that NGSCB will be canned. The project, dreamed up with Intel in 2002, was once code-named Palladium. Microsoft recommitted to re-leasing Longhorn, its next-generation Windows client and server, into beta testing in 2005 even though its chairman acknowledged that security concerns threaten his dream of enabling seam-less connectivity and Web services.
(IHub, #39974, #39976, 5/5/04)
2004 May 10, WAVX issued a Prospectus to raise $25 million.
(IHub #40513, 5/10/04)
2004 May 13, Wave Systems reported net revenue principally related to software license con-tracts of $50,000, compared to revenue of $16,000 in the first quarter ended March 31, 2003.
(IHub #40888, 5/13/04)
2004 Jun 11, The Comodo Group (comodogroup.com), a provider of information security and related services, announced on Thursday that it has been awarded an Exceptional Grant Award by the UK government. Comodo joins IBM (ibm.com), HP (hp.com), Fujitsu (fujitsu.com), Micro-soft (microsoft.com), Intel (intel.com) and AMD (amd.com) among others, to form the Trusted Computing Group, a consortium to develop and promote open standards for hardware-enabled secure computing and security technologies. Comodo will focus on setting the architecture and standards for secure input devices.
(IHub #43691, 6/13/04)
2004 Jun 16, Niveus Media, a manufacturer of media entertainment devices for the consumer electronics market, today announced that it will ship Wavexpress' TVTonic broadband video application pre-installed on all Niveus AVX Media Center PCs. Wavexpress is majority- owned by Wave Systems Corp., a leader in trusted computing.
(IHub #44067, 6/16/04)
2004 Jun 21, Wave Systems Corp. held its 2004 Annual Meeting of Stockholders at the New York Helmsley Hotel.
(IHub #41921, 5/24/04)
2004 Jun 21, Wave Systems Corp. announced today that the next version of Wave's trusted applications and services software security suite, EMBASSY(R) Trust Suite 3.1, is now shipping with Intel desktop board models D915GEV and D915GUX.
(IHub #44600, 6/21/04)
2004 Jul 8, Wave Systems Corp. and SmartAxis SA today announced that SmartAxis will dis-tribute Wave's EMBASSY® Trust Suite (ETS) software and infrastructure to enterprises interested in trusted computing solutions for personal computer security. SmartAxis will distrib-ute Wave's EMBASSY Trust Suite software in Greece, Turkey, Cyprus and in Balkan countries.
(IHub #46562, 7/8/04)
2004 Jul 20, Wave Systems Corp. and CSS Laboratories, Inc. today announced that CSS Laboratories will offer Wave's EMBASSY® Trust Suite (ETS) software and infrastructure to government and enterprises interested in secure and trusted computing solutions.
(IHub #47810, 7/20/04)
2004 Jul 21, Wave Systems Corp. and Envoy Data Corporation today announced that Envoy Data will resell Wave's EMBASSY® Trust Suite (ETS) software and infrastructure to enterprises and government interested in trusted computing solutions for personal computer security.
(IHub #47972, 7/21/04)
2004 Jul 22, --Wave Systems Corp., a leading supplier of trusted computing products and so-lutions, today announced it has joined the ARM® Connected Community. As part of the ARM Connected Community, Wave will gain access to a full range of resources to help it market in-novative solutions associated with the new ARM TrustZone(TM) technology that will enable de-velopers to get their ARM Powered® products to market faster.
(IHub #48091, 7/22/04)
2004 Jul 27, thePlatform for media, inc., a leading provider of software for broadcast and broadband rich media content management, publishing, and reporting, announced the integra-tion of Wavexpress' WX broadband video technology and thePlatform media publishing system(TM). Wavexpress is majority-owned by Wave Systems Corp.
(IHub #48580, 7/27/04)
2004 Jul 29, Todito, a leading Internet portal, ISP and ecommerce site for North American Spanish-speakers, today announced the launch of Todito TV Premium, an online service offer-ing DVD-quality videos. Todito TV Premium is an expansion of Todito's three-year-old online video service --now called Todito TV Basic-- and uses the platform and player of Wavexpress, a leading provider of broadband technology and services. Wavexpress is majority-owned by Wave Systems Corp., a leader in trusted computing.
(IHub #48827, 7/29/04)
2004 Aug 2, Aug. 2, 2004--Wave Systems Corp., a developer of trusted computing solutions and services, announced today that it has agreed upon a $3 million private placement of Class A common stock with an accredited investor. The transaction is being done under Wave Sys-tems' $25 million shelf registration statement which was declared effective by the Securities and Exchange Commission on May 10, 2004. Pursuant to the financing, Wave Systems agreed to sell approximately 3.5 million shares of Class A common stock at a price of $0.85 per share. The transaction is intended to fund Wave Systems' ongoing operations and general corporate overhead.
(IHub #49075, 8/2/04)
2004 Aug 5, Wave Systems Corp. (WAVX) announced today that on Thursday, August 12, 2004 at 4:30 P.M. EDT it will host a webcast/conference call reviewing recent corporate and in-dustry progress as well as Wave's results for the second quarter ended June 30, 2004. Wave's results will be issued after the market's close.
(IHub #49546, 8/5/04)
2004 Aug 12, Wave reported a net loss to common stockholders of $4.3 million, or $0.06 per basic share, for the second quarter of 2004, compared to a net loss to common stockholders of $6.3 million, or $0.12 per basic share, in the second quarter ended June 30, 2003. The eighted average number of basic shares outstanding in the second quarters of 2004 and 2003, was 67,363,000 and 52,096,000, respectively.
(IHub #50281, 8/12/04)
2004 Q1, The new Pentium 4 processors code-named Prescott to be released. Intel will build LaGrande technology into chips beginning with the upcoming Prescott CPU and support chip-set. LaGrande technology will provide capabilities such as protection of secure memory even from DMA (direct memory access) engines. LaGrande is a security engine that is built into Intel Prescott CPUs and chipsets, expected in the second half of the year. It aims to protect a sys-tem's data in ways software-based solutions currently can't offer. The technology will isolate data by setting up "virtual vaults" in hardware that are less vulnerable to viruses or hackers, while also separating applications so contaminations can't be spread from one software pro-gram to another.
(IHub #20416, 11/24/03)(IHub #22133, 12/7/03)
2005 Longhorn represents Microsoft's best assessment of how computing will evolve and may be ready about this time, though some say 2006-7. Longhorn w/ NGSCB could be a siginificant driver for the adoption of trusted computing.Longhorn has three major components: Avalon, which is the user interface; WinFS, the new file system that is based on metadata; and Indigo, the communications system that will include middleware to pass messages back and forth among different Web services, their objects and components. So a developer will no longer need to understand exactly how everything works.
(IHub, #21276, 11/30/03)(IHub, #21294, 11/30/03)(IHub, #22501, 12/11/03)
"Ditto"
CPA
Yes 12,000 would be a 100% increase, but nobody would call that significant.
Anybody who sells on the open on Friday a.m. will certainly take a significant loss since there will not likely be many buyers based on the revenue news. However, SS made it clear that revenues in 90 days will be significantly higher and that the ramp up is just getting started. I will be among the buyers if sellers panic.
SS also said revenues would not hit $1 mill next quarter, so my guess is that we may see something on the upper side of half way between 6k and 1 mill. Imagine how the share price would react with that kind of revenue.
You lucky shovel!
You'll be able to use them to offset your future gains.
That's an excellent idea. I check often most every day, but that's not always possible. Missing one day can leave one with hundreds of posts to read in search of just a handful of significant notes.
I've also held since 1999, when the last road show came through San Francisco.
However, I believe that it would benefit the company and all shareholders the most if those shares were premanently retired.
Nice volume increase today.
OT:
Sounds like bigamy to me :)
OT:
Thieves snatched two computers from a Hong Kong trade fair, a particularly brazen act considering that the victims were security companies showing off the latest crime-stopping technology.
(AP,6/17/04)
Firms Join Up to Combat Web Fraud
IBM, Other Heavyweights
Seek Standards to Block
Filching of Personal Data
By KEVIN J. DELANEY
Staff Reporter of THE WALL STREET JOURNAL
June 15, 2004; Page D5
Over a dozen corporate heavyweights are teaming up to fight "phishing," the use of the Internet by crooks to filch personal data such as bank-account numbers and user passwords.
The companies, which include International Business Machines Corp., Fidelity Investments and Tenet Healthcare Corp., tomorrow plan to announce the formation of the Trusted Electronic Communications Forum, a trade group that is expected to research and promote technical standards to combat phishing.
Research firm Gartner Group estimates that 57 million U.S. Internet users have received e-mail linked to phishing scams and about 1.8 million may have divulged personal information as a result. And the problem is increasing: In research conducted in April, Gartner found that 76% of all known or suspected phishing attacks had taken place in the previous six months.
In a typical phishing attack, a consumer receives an e-mail purporting to be from a bank, telecom company, or other institution. The fraudulent e-mails are designed to resemble actual messages from the company, usually by lifting its design and corporate logos. They often direct consumers to a similarly counterfeit Web site and ask them to enter personal information, such as a bank-account number and online-banking password. Crooks use that information to defraud the consumer. Their success at mimicking legitimate e-mails and Web sites has made such scams increasingly effective.
Citigroup Inc.'s Citibank unit, eBay Inc. and its PayPal unit were the three organizations targeted most often by phishing scams in April, according to the Anti-Phishing Working Group, another industry association, with 400 members from over 250 organizations. Financial-services institutions represented 15 of the 20 most-targeted organizations in April, according to the group.
"The epidemic as a whole has increased so much in size and success rates in the past several months," says Shawn Eldridge, TECF's chairman and director of product and market strategy at PostX Corp. "The problem is very large and no one is immune."
Corporations are concerned about phishing because of its potential negative impact on electronic commerce and online services they offer. The TECF aims to promote standard technologies and business practices to combat phishing and assist in prosecuting offenders.
Its other founding members include ABN AMRO Bank NV, AT&T Wireless Services Inc., Best Buy Co., Charles Schwab Corp., E*Trade Financial Corp., HSBC Holdings PLC, Royal Bank of Scotland Group PLC, Siebel Systems Inc. and Target Corp.
Avivah Litan, a senior analyst at Gartner, Stamford, Conn., says the involvement of many different organizations is important. "They're coming up with solutions that really need to be widespread if they're going to be used and effective," says Ms. Litan, who was briefed ahead of the TECF announcement.
That is most acceptable.
OT
See the link below for an accurate number on US HIV/AIDS spending. By the end of his term it only reach 1-2 billion in total. Again I am not laying blame on Mr. Reagan. Just faulting him on this issue for the delayed response.
http://www.kff.org/hivaids/loader.cfm?url=/commonspot/security/getfile.cfm&PageID=14171
OT
Nobody blamed Mr. Reagan for AIDS. The issue is that it took him 7 years to recognize a national medical problem that was not limited to the gay population.
OT
Yeah, he was right on top of it:
1981 Jun 5, The Federal Centers for Disease Control published the first report of a mysterious outbreak of a sometimes fatal pneumonia among gay men. The syndrome was named Ac-quired Immunodeficiency Syndrome (AIDS) in 1982. Within 10 years the disease killed 110,000 Americans. People infected with HIV came to be defined as having AIDS when their immune system became so weak that they got one of 26 specific illnesses including non-Hodgkin’s lym-phoma, pneumonia, brain infections and some other cancers.
(SFEC, 5/30/99, Z1 p.4)(SFC, 7/21/00, p.B2)(AP, 6/5/02)
1987 Apr 1, In his first major speech on the AIDS epidemic, President Reagan told doctors in Philadelphia, "We've declared AIDS public health enemy number one."
(AP, 4/1/98)
Yea and for his great efforts to fight AIDS.
OT
Thanks 11/4 for the clarification on Bubble Theory. That decible # seems real close to the US trade deficit. Any correlation?
The problem with string theory is that any dimension past #4 (i.e. time) is wrapped up in some invisible, sub-microscopic realm of geometric shaping. This way work mathematically but does nothing for our conceptual understanding of dimensions, which by definition are used to locate an object in space. It is interesting that the 1st 4 dimensions are all related to each other by being perpendicular to each other: i.e. extend a point to a line, go 90 degrees to an area, turn the area 90 degrees to create space and roll the object to create time. It's the roll of the object that creates the waves of the space-time infundibulum. This is the dimension of WAVX. Changes are happening and, IMHO, WAVX is a better pointer for now than string theory.
What kind of brokerage fee did you pay with a trade that large?