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.
oknpv,
It is a fact that people are now taking profits since the bubble burst. Far too many watched profits and equity erode and have learned a lesson from the "buy & hold" days.
What I like is this rally was not wavoids. The board was at an all time low for activity and hype. It seems all the bad news is out. IMO the shorts pushed this puppy down in anticipation of the SEC investigation. Wavx retreated to where it broke out at at about a 1.30 and hasn't looked back since. The capitulation is over. Everyone that wanted out is long gone.
There has been a pretty fierce bull market that may have taken the shorts for a ride. Those with large short positions in Wave may have other large tech related short positions going against them as well. To that I say bring on the squeeze!!!
I'd like to see us build back up to 2.60 where the shorts really attacked us and THEN get the news the market seems to be anticipating. Good Luck to all!! CL
Sure looks like Reuters must have gotten some heat from Wave's attorneys or the SEC for the inaccurate story.
We all know who caused this, hopefully the SEC does by now with this "corrected story" and we can all move on.
The big ethical question is this:
Was it unethical for Waves Management to sell shares into a rally fueled by what they must have known was an inaccurate news story falsely claiming an IBM deployment deal?
I think the Reuters correction is beginning of the end of this BS......CL
What bothers me,
Is Steven Stated the insiders could not buy because they knew of news, but they had no problem selling.
On the flipside, the product is deployed and out with the Intel Motherboard. That will probably not be reported.
A little "insider buying" today would certainly help restore some investor confidence....CL
Mbar,
I store everything in my PC except my list of credit cards and personal financial information. The cool thing about Wave is if I was to lose my wallet, all my credit card info could be securely stored and encrypted in my PC(including contact numbers) to make it easy to notify credit card companies of lost cards.
Transactions at this time will not be more secure, but files within your PC that store Credit Card and personal info can be. How about encrypting & securing your Turbo-Tax file? Reason enough to own a TPM PC with Wave.....CL
Cool to see Wave on Ebay!!!
Check out the description for "security"
Security
Infineon* Trusted Platform Module (TPM)Wave Systems*
EMBASSY* Trust Suite
Document Manager
Private Information Manager
SmartSignature*
I/O Control SMSC LPC47M172 LPC Bus I/O controller
Looks like Wave cut the deal directly with Intel rather than Infineon, but to answer a question as to what hapend to Infineon? They have Wave!!! ....CL
Ramsey2, That was it. Apparently still in the Preliminary
Assessment Phase. Although that looks specific to smart signature rather than the other features of ETS..Thank You...CL
Cool,
Hope my order got filled at 2.11.....A little CL speculation: This week in DC the Budget is being finalized and money is being scattered everywhere. Hopefully with the TPM's on the shelf, with Wave's ETS on the shelf and yesterdays PR with Wave in the Maximus Booth, maybe, just maybe this run up is the result of a Government Contract with Wave. Why Not???
My guess is we see an imminent announcement from a Government Agency that will utilize Wave.
Does anyone have that link from way back when that charted the status of Government Certification for Technology Vendors? Maybe Wave moved up a notch in that process..
Just digging for a reason for the rally. I'm about as long as I can get right now.....CL
Looking good,
I was going to post yesterday that it looked liked all the selling pressure that took us down appeared to be dissipating. Time to think about topping off the position..CL
NextBend Licenses Wavexpress Broadband Technology for New Media
Delivery Products
SARASOTA, Fla.--Dec. 2, 2003--
Patented UniStac(TM) Reference Design to Embed Wavexpress' Content
Delivery Infrastructure and Secure Media Player
NextBend, Inc, creator of UniStac, a unique set-top box (STB)
architecture for an expandable home entertainment gateway, today
announced an agreement with Wavexpress to co-develop a digital content
distribution platform and broadband media player for immediate
integration. Wavexpress, a provider of broadband technology and
services, is majority-owned by Wave Systems Corp. (Nasdaq:WAVX), a
leader in trusted computing. NextBend will demonstrate the solution at
the International CES, January 8-11, 2004, in Las Vegas.
UniStac enables broadband service providers to offer retail
customers a low-cost residential gateway that can be extended to
handle numerous entertainment, media and communications applications.
Based on a patented modular system, UniStac allows consumers to expand
its capabilities with the addition of multiple components, such as a
DVD-player, TV tuner card, MP3 player or other device. UniStac's open
architecture complies with the OSGi software specification for the
delivery of managed services, ensuring that it is forward-compatible
with the next generation of digital home entertainment.
UniStac's built-in features will include Wavexpress' client
software to receive, manage and display rich media channels. The WX
Client(TM) will feature custom-built channel menu and navigation
controls which allow viewers to navigate between channels and access
an array of interactive features using a standard remote control.
Wavexpress' distribution network sends channel programming via a cable
modem or DSL connection to the STB, where it is digitally recorded.
Unlike ordinary TV channels, all programming delivered by Wavexpress
can be watched at any time, entirely on-demand.
"NextBend has engineered a simple and logical design to transform
the set-top box into a dynamic media hub," said Michael Sprague,
president and COO, Wavexpress. "The Web-based video experience is
finally arriving on the TV screen. For the first time, ordinary TV
viewers will see a compelling value offering from broadband."
"Content publishers and network operators are looking for ways to
leverage broadband," said Tom Orr, CEO, NextBend. "Embedding the
Wavexpress solution enables us to offer sophisticated new services,
combined with convenience and security. Digital media companies will
be able to address an expanded marketplace, and realize significant
cost savings compared with alternative delivery methods."
UniStac-based Set Top Boxes are currently in development. NextBend
anticipates product availability in 2004, with retail prices falling
below $300 for volume applications. Financial terms of the agreement
were not disclosed.
About NextBend, Inc.
Sarasota, Fla.-based NextBend, Inc. licenses its patented
Stackable Deck(TM) technology to manufacturers with an interest in
developing modular computer systems, and provides assistance on
product design and engineering to its licensees. Founded in 1995,
NextBend (www.nextbend.com) holds the licensing rights to three
patents on the modular component technology.
About Wavexpress
Wavexpress enables secure broadband distribution of premium
digital content. The company delivers full-screen, DVD-quality video,
games, music and software. Wavexpress supports a variety of business
models, including subscription, pay-per-view, and advertising
services.
About Wave Systems Corp:
Consumers and businesses are demanding a computing environment
that is more trusted, private, safe and secure. Wave is the leader in
delivering trusted computing applications and services with advanced
products, infrastructure and solutions across multiple trusted
platforms from a variety of vendors. Wave holds a portfolio of
significant fundamental patents in security and e-commerce
applications and employs some of the world's leading security systems
architects and engineers. For more information about Wave, visit
http://www.wave.com.
CONTACT: Wavexpress
Simon Tidnam, 917-250-4471
stidnam@wavexpress.com
or
NextBend
Liz Roop, 813-259-0345
lroop@rfbcommunications.com
(END)
Delays????
There are no delays. Wave Intel MB's are on the shelf today. IBM has millions of TPM equipped pc's delivered to customers that Embassy Secure Suite can run on. Not sure what is up with NSM, but the recent private placement was not done on the heals of delays, but rather progress.
Just because the CEO of intel projects ubiquity in 2 to 3 years, does not mean the process has NOT started. It has to deploy and be accepted for Longhorn to be a success. That should be incentive enough for the industry to push the TPM's out the door......CL
UN you're right! I would probably have to go for the dowser stick. I'm always losing the remote.....CL
Thanks for the Great Article, Now I know what to get the Mrs. for Christmas..She's so hard to shop for....CL
Can't say that I have...
24601
Nope, just bored.....CL
Just don't look here.....
http://investorshub.com/boards/board.asp?board_id=2011
Wall Street Capital Funding: Hot Stocks to Research!
Wednesday, November 26, 2003 07:13 ET
Weston, FLA., Nov 26, 2003 (M2 PRESSWIRE via COMTEX) -- Wall Street News Alert`s "stocks to watch" this Tuesday morning are: TransWorld Benefits International, Inc. (OTCBB: TBII), Atlas Mining Company (OTCBB: ALMI), Wave Systems Corp. (NASDAQ: WAVX), Discovery Laboratories (NASDAQ: DSCO) and MRV Communications Inc. (NASDAQ: MRVC).
Aggressive investors need to continue watching TransWorld Benefits International, Inc. (OTCBB: TBII)! Recently, the company issued a press release that announced signing a Letter of Intent to acquire several million dollars in assets and earnings expected to exceed $1,000,000 in 2004, with a synergistic partner Park Avenue Partners, LLC who provides a full range of funeral services in the New York metropolitan area. This could be good news for investors!
According to the press release,Park Avenue Partners LLC has been in a growth mode for the past 4 years, acquiring funeral homes with their accompanying land, buildings and equipment as well as wholesale service businesses providing trade services, which is a significant part of TBII's acquisition with Park Avenue Partners LLC. The alliance decreases TBII's overhead and provides profits for the services not obtainable under TBII's current service format.
Park Avenue's Trade Services Business will be expanded nationally as well as worldwide through TBII's field sales and marketing organization and customer base in all markets. The synergy between the two companies is very strong in that each company is committed to selling the products and services of the other.
Investors need to do some research on TransWorld Benefits International! Through its exclusive program Above and Beyond, the company offers emergency assistance for travelers in cases of injury or death. Above and Beyond has redefined the concept of worldwide air ambulance, medical evacuation, and at-need private executive aircraft retrieval of deceased persons.
Stocks showing interesting activity yesterday were: Atlas Mining Company (OTCBB: ALMI) up 23.4% on 2 million shares traded, Wave Systems Corp. (NASDAQ: WAVX) up 30.8% on 3.4 million shares traded, Discovery Laboratories (NASDAQ: DSCO) up 19.3% on 9.8 million shares traded and MRV Communications Inc. (NASDAQ: MRVC) up 13.3% on 8.6 million shares traded.
Commentary: On-Line Shipping Deals Continue "Online retailers are rolling out the bargains again this holiday season with more and more free shipping offers. Consumer-electronics giant BestBuy.com will ship most things, including heavy items, free to most parts of the U.S.; time to buy your favorite relative that refrigerator, washer and dryer, etc," Stated Sonja Rudd in Wall Street News Alert`s daily commentary continued at: http://www.WallStreetNewsAlert.com.
WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 10 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at http://www.wallstreetnewsalert.com and select the "join now" button.
*** Wall Street News Alert is not affiliated with faxes bearing the names Wall Street Stock Alert or Wall Street News Alert!***
Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company`s publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies` discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.
This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. (WSNA has been compensated Five Thousand Dollars for coverage of TransWorld Benefits International, Inc.
(OTCBB: TBII), by the company, for services provided including dissemination of company information in this release. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF`s services for a company may cause the company`s stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF`s selling of a company`s stock may have a negative effect on the market price of the stock. Market commentary provided by Sonja Rudd.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies` annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.
CONTACT: Roy Campbell, Wall Street Capital Funding, LLC e-mail: info@wallstreetnewsalert.com
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2003 M2 COMMUNICATIONS LTD
Awk
Guilder is a board member..That statement of his should be the header of this board....Thanks for sharing it..CL
On November 18, 2003, Wave Systems Corp. (“Wave”) entered into a Securities Purchase Agreement, dated as of November 18, 2003 (the “Purchase Agreement”), pursuant to which Wave sold and issued 3,725,263 shares of Class A Common Stock, par value $.01 per share (the “Common Shares”), and warrants (the “Warrants”) to purchase Wave’s Class A Common Stock (the “Warrant Shares”), in a private placement to certain institutional and accredited investors (the “Purchasers”) for an aggregate purchase price of $7,078,000. The Purchase Agreement is attached hereto as Exhibit 10.1. The Common Shares, Warrants and the Warrant Shares are referred to herein, collectively, as the “Securities.”
The Common Shares were priced at $1.90 per share. The Warrants have a three (3) year term and an exercise price equal to $2.62 per share, representing 1,092,904 shares of Class A Common Stock (including 161,595 shares of Class A Common Stock for Warrants issued to the placement agents). The rights of the holders of the Warrants are more fully set forth in the form of Warrant attached hereto as Exhibits 10.2.
The Securities are not currently registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. As part of the financing, Wave has agreed to file a registration statement with the Securities and Exchange Commission covering the resale of the Common Shares and the Warrant Shares. The Registration Rights Agreement is attached hereto as Exhibit 10.3.
On November 19, 2003, the Company issued a press release announcing the transaction. A copy of this press release has been filed with this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
2
--------------------------------------------------------------------------------
Item 7.
Financial Statements, Pro Forma Financial Information and Exhibits.
(c)
Exhibits.
Exhibit 10.1
Form of Securities Purchase Agreement, dated as of November 18, 2003, by and among Wave and the purchasers of the Class A Common Stock.
Exhibit 10.2
Form of Warrant issued by Wave to each of the purchasers of the Class A Common Stock and the placement agents, dated as of November 18, 2003.
Exhibit 10.3
Form of Registration Rights Agreement by and among Wave and the purchasers of the Class A Common Stock, dated as of November 18, 2003.
Exhibit 99.1
Press Release of Wave, dated November 19, 2003, announcing the private placement.
3
--------------------------------------------------------------------------------
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
WAVE SYSTEMS CORP.
By:
/s/ Steven Sprague
Steven Sprague
Chief Executive Officer
Dated: November 24, 2003
4
--------------------------------------------------------------------------------
EXHIBIT INDEX
Exhibit No.
Description
Exhibit 10.1
Form of Securities Purchase Agreement, dated as of November 18, 2003, by and among Wave and the purchasers of the Class A Common Stock.
Exhibit 10.2
Form of Warrant issued by Wave to each of the purchasers of the Class A Common Stock and the placement agents, dated as of November 18, 2003.
Exhibit 10.3
Form of Registration Rights Agreement by and among Wave and the purchasers of the Class A Common Stock, dated as of November 18, 2003.
Exhibit 99.1
Press Release of Wave, dated November 19, 2003, announcing the private placement.
5
--------------------------------------------------------------------------------
Table of Contents View Header Printer Friendly Complete Document First Page >>
ABOUT / PARTNERS / ADVERTISING INFO / CONTACT US / COPYRIGHT / PRIVACY / LEGAL / DISCLAIMER
Copyright © 2001 Knobias.Com, LLC. All rights reserved.
Data and information is provided for informational purposes only, and is not intended for trading purposes. Neither Knobias.Com, LLC, nor any of its data or content providers shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon. By accessing the Knobias.Com website(s), a user agrees not to redistribute the information found therein. Knobias.Com, LLC is not a registered broker-dealer and does not endorse or recommend any securities listed herein or any services of any brokerage company.
two bucks
I'll do my part..No market order but another 7500 @1.93 aint gonna make much difference....CL
Not for anything, but this is a lot more than an insider buy rally. Smells like some pre news type, load the boat, for some oem type news....May have to put some bids under this rally...CL
Ramsey...
you posted:
With regard to IBM users, I know for a fact that basic client ETS (Business and Pro Editions) are being marketed to IBM enterprise users. Volume deals are at reduced prices compared to the 39.99/49.99 at the Wave website.
Do you really know for a fact, or where you just using that term as a figure of speech? TIA....CL
Way to go Mr McMcconnaughy!!!!!!
Insider buying in wave. Now that's a first!
rachelelise
I think SkS was happy that Larry Krazinsky and CPA had no time to ask him questions on the last CC. He was thrown a bunch of softballs. Must have felt like an early Christmas present.
As long as they deploy and people see the product, the price will go up regardless of wether they break even 03/05 or 01/06. Feeney said they raised ENOUGH, so I have no choice but to take him at his word......CL
In this post I am truly guilty of talking my position from a kool aid induced state. I think it is best to see the glass half full.....If wave has money till February, then raised 7.2 million (possibly ten million)and with 10 months of burn currently at 13 million; with a mere 3 to 6 million in sales, Wave can sail into 06 with no more dilution and may have no problems getting to break even with the cash on hand. Just because they won't be at break even in 05, does not mean they will have to go to the till again anytime soon. They have all of 05 to ramp up sales, establish credibility and possibly borrow the little bit they will need in 06 to break even. Lots of Companies with millions in sales (and no profit) are trading much higher based on potential. Now lets all wait and get that news our PP partners are waiting for so we can see some appreciation on our recent purchases...CL
Doma
Back in the days when we had heated debates, it was rumored that although Wave was not in the first HP deployment (the excuse was no time) they would be included in future deployments. Guess we will just have to wait a little longer. Glad to see Barclays buying again.....CL
Thanks VC.....
So far I see Barclay that used to own a boat load of Wave deploying readers other than Wave....2 new HP laptops that were suppose to have Wave now quietly deploying with no fan fare from Lee....CL
There are some tenacious shorts that could give a rats axx about TPM's, Intel or even HPQ. They are using their incredible resources to slam and short a stock that has no institutional support. The only thing that will stop them in the long term is Waves success. Short term we need some news the world can sink their teeth into.......CL.
ccccccccccccccccccccccccccccpa
Wave Systems Corp. (WAVX) announced that it has completed a $7.1 million private placement of Class A common stock and warrants with a group of institutional and accredited investors. The financing is intended to fund Wave Systems' ongoing operations, specifically its sales and marketing efforts, as well as its engineering, development and customer support teams and its general corporate overhead. The private placement consists of 3,725,263 shares of common stock priced at $1.90 per share as well as warrants to purchase 1,095,227 shares of the company's common stock at an exercise price of $2.62 per share.
This is the first time I remember seeing wave speak of "sales & marketing"....Great to see they finally have a viable product...CL
Financing:
I like the Class A shares. Makes me think they want those shares registered quick because of some impending news.
They did well before, may they do better this time...CL
And I added substantially....CL
I'm going with the smart money.....
These guys did really well on the last round. Just averaged down and bought some 1.95 cent shares. I don't think these guys would be back if it didn't look real good....CL
Awk,
If that is for a ten pack, then the price is just fine. Nevermind.....I should order a couple of ten packs and upgrade my network....CL
WILDMAN,
How are the intel motherboards going to deploy in scale priced at $1449.00? You can buy a pretty beefy pc for a grand these days with a flat screen. Nice to see the product on the shelves, but IMHO it's a bit pricy...CL
CPA,
I believe most of the H shares have been converted to common...CL
Blue fang,
One thing for certain, even if this dog keels over, it's got another few good rallies left. I was very proud of my 2.45 buy yesterday that lowered my average price to 2.58, until this morning. I will add more when I see fit and refuse to be married to these shares. If SkS will sell, so will I....CL
HhH
Apparently with $95.00 in product revenue last quarter, 3/8500 must have activated the NEC readers. Just my guess, I could be wrong. Steven did say it was a great deployment!....CL
Sure am glad today is over...
My take...first of all there where a lot of newbies that bought in on Intel news and had a rude awakening looking at thier first wave quarterly result. Wavoids are used to the company running on fumes, but it does scare most investors. It takes a lot of guts to be a wavoid....
It's apparent all or most of the last finance round of shares have been distributed. Why not? Sell your 76 cent shares and buy millions more way below what you sold the last batch at, then buy back in for millions of shares without moving the market. It seems that we are in the final stages of the new financing and besides shorting out of the box, maybe the finance guys are dumping some shares to lower the price of the new placement shares. The last time they got the low, I bet this time they also buy the low for this quarter.
IMHO the price will level off when the placement price is set and will hold that price like it did before. The fact that they already announced that it will be class A shares and not some funky class H shares may indicate there is some good news on the horizon that was cool enough to convince the money people to accept the same class A shares as us common folk.
This post is speculation, but from what I herd a prominent poster is involved with the finance guys. Be great if he could shed some light so we wouldn't have to speculate this way.
Well I am long and wrong today, but have plenty of dry powder to load the boat when the ascent hits a floor....Good luck guys! CL
$95.00 in Product Revenue???
I guess we have the results from the "NEC" deployment. Looks like a few proud people have a secure PC in Europe....CL