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dig: I was referring to Snackman's hype...
suggesting that Michael Dell might mention WAVE in an upcoming press conference. You musta missed that one.
Snackman: You think Dell will mention WAVE?
There is not the proverbial snowball's chance in hell. It ain't gonna happen, because the company you hold so near to your heart has a reputation, Snackie. You think the folks at Dell are unaware of what happened with the Intel deal? To wit:
1. A stock spike.
2. Management options exercised.
3. Shares purchased by management immediately dumped.
4. Class action lawsuits.
5. SEC investigation.
You think Dell wants to be another vehicle for Sprague & Co. to line their pockets? I don't think so. Nice hype, though.
P.S. Have you assembled your computer already? Or are you waiting for that team from Lee to arrive and put it together for you?
P.P.S. Maybe you could get Go-Kite into the conference on his "press credentials" which would enable him to ask some leading questions? And maybe, then, all the Wavoids could flood the phone lines and make innocent inquiries? Just a thought.
dig: You're entitled to your opinion...
mine is that John's defense of management over six plus years of squandering corporate assets is the moral equivalent of touting. The intent is the same. Convince people to buy (or buy more), dissuade people from selling. That's how you defend the stock price, isn't it?
Here you have a firm that has spent $37 million over the past five-six years on WaveXpress--a subsidiary that has gotten them essentially nothing other than a place to park Peter and Michael Sprague and pay them fat salaries and bonuses. That they still employ Dave Nadig as VP of marketing and sales after repeated years of not selling squat is evidence of exactly what this company is. (I don't think the guy even bothers to go to the freakin office anymore!)
Dig, they will never shutter WaveXpress if it means laying off family members. They will take the company under first.
Anyway, a tout is a tout is a tout. Even if he wears a tie seven days a week.
Why so vague?
Now it's "taking some profits off the table when holding a 40x paper profit." How much is some profits? It's, as usual, cloaked in secrecy and impossible to decipher. Either you're in the black or you're not. I don't see why you are so opposed to full disclosure.
Ooops. I mean equivalencies, of course...
time for a nap.
24601: Time to come clean...
Of course there are "legitimate" ways to make large profits on stocks. Selling short is "legitimate" in a legal sense, obviously. Whether it's 100% kosher depends on what you're saying publicly while telling your broker to sell.
If you're 40x to the good, give us the details. Why be so shy about it? You don't have to use dollar amounts. Percentages will suffice. And prices and sale dates.
Moral equilavelencies were never intended to amuse...
What's the difference really between being a "tout" and defending virtually everything this bloated, grossly inept, nepotistic so-called management team has ever done--almost without exception--since day one?
Cults have their foolish followers and they have the predators who enrich themselves off the fools. If you're 40x to the good, it's pretty obvious which camp you're in.
All I'm asking is that if you plan on boasting about it, how about you outline the details?
Time to come clean, John.
Your standard evasion...
I know perfectly well there are "ways" to insure a gain in the multiple category. Explaining those ways is one thing. Detailing how you did it is something else entirely. Obviously, you'd rather not discuss the particulars of your 40x or 60x or 100x (or whatever) gain. Can't say that I blame you. I seriously doubt any of your fellow cult members is even close to breakeven.
P.S. I consider the defense of such blatant gimmickery as the BIZ deal the moral equivalent of touting.
24601: You keep saying you are in the black...
why don't you come clean on how? Could it be because you were touting this POS while simultaneously selling it? Pulling one of Miles' maneuvers? Not that I expect a straight answer to this.
Matt: Faulty logic...
It's quite easy for a person to get around your multiple alias protections. I myself set one up under the extremely obvious Nigel handle, merely to demonstrate that reality. If I'd really wanted to play the multiple alias game, I would not have used an alias that I'd already used on RB and one that every Wavoid in the world instantly knew was me.
I refuse to play that game, Matt. The Wavoids know where to find me in here and your pimp Snackman can't exercise his powers of censorship in jail. So I'd just as soon stay here, thank you very much!
P.S. Big sale at Mervyns today. Docker's featured at $24.99. Don't bother to thank me.
He's a newbie then...
I've been here for 20 months as of today. Not that I'm complainin. At least the harlot-who-poses-as-warden has cleaned up the place a bit. And, also, certain Wavoids visit frequently. Dig space. Jean Valjean. Snackman reads every word I write. Of course, he'll probably be out of action for three or four months while he assembles his new Dell computer with extra-spiffy, super-neato TPM. Which inside of a week will lock him out of his own system. Snackman using the WAVE product (if you want to call it that) has got to be their customer service department's worst nightmare.
P.S. I once called Wave customer service to inquire as to how I could purchase a newly released "product" known as the Envoy. The person I spoke with had no idea what I was talking about.
P.P.S. to Digspace: What are you talkin about with the KTM sales and such? That's product, isn't it? And the P&L said sales of product were ZERO for the first six months.
P.P.P.S. to 24601: You and who else among the longs are in the black? Gerry+Miles? If you won't disclose your sale dates, folks are going to wonder what wonderful things you were saying about Wave out of one side of your mouth while you were whispering sell to your broker out of the other side. So, please, if you've managed to make a profit, come clean with the details.
dig: The first time I sold was at $37...
for something slightly more than 100% profit. (This was the day the founders shares debacle became public knowledge.) I put my original capital away and when I jumped back in it was with the profits I'd booked. That was at $42. I bailed out at $14 and change, knocking my overall profit from 100% down to 30%. Nothing really to write home about--except I doubt if any of the cult have done better. Excluding the Gerry+Miles types and none of us really knows how they actually came out. The shorts, obviously, got rich.
P.S. Those of us heavily in real estate (especially here in SoCal) have surpassed the hoo-hah days of 1999-early 2000 of NASDAQ in paper profits the past two or three years. I'm thinkin it's about time to do some selling.
P.P.S. to 24601: As usual you got your facts wrong. See above for details.
24601: 14 down to 10?
Last time I looked the stock was at a buck, not $10. And you and yer cult-buddies have ridden it all the way down! Snackman to the tune of something in excess of $4.9 million out of a $5 million value. Oh, I forgot, you somehow made money in this stock. The details on that remain a bit vague, however. I'd love to hear the specifics (especially sale dates).
fung: I don't expect you to know this...
but I've been the rightest person on this stock and this company since year 2000. (Okay, I was a split-second behind Spin in selling--at 14 and change.)
The cult--and the Wavoids are a cult--has tried to shout me down for five-six years now. And, to some degree, their efforts have succeeded. If this company were owned by rational individuals the stock would be at a nickel a share. All of which merely delays the inevitable.
Anyway, the cult knows where to read me. So, all in all, I'd just as soon stay here where there's no censor.
PS to 24601: Bluefang is, of course, right. You have defended the most horrific (mis)management team on NASDAQ using the usual defense lawyer tactics. Nit-picking at irrelevancies. But, hey, it's what lawyers do.
dig space: you all are in for disappointment...
in your Q3 guesstimates. Maybe 200K. Maybe. And that will be all "licensing" revenues, which is subject to Biz-style finagling. On the product side, they'll still be at zilch. Nada. Nothing. There's nothin goin on, dig. The world is doin another end-run and Sprague is the 500 pound end who runs a 16-second 100.
This is true. But the fool known as Snackman...
at least has no censorship control over the jailhouse. Did I say fool? Perhaps that is a bit harsh. This individual has merely watched a $5 million stake dwindle to $100,000--meanwhile cheering management all the way down! Is that the behavior of a fool? Well, maybe. At least he is a loyal fool, though, even if the management he supports laughs at him as they stuff their bulging wallets.
My jail term is entirely bogus...
as you know. Not that it matters. At least here I don't have the cretin Snackman to deal with.
Matt: Can we discuss harlotry...
as it pertains to board administrators, cults, etc., etc., etc.?
Snackman: You will probably lock yourself out...
on about day two. After, say, a month of figuring out how to make the TPM work in the first place. Keep us posted, big fella! We'll know when you're locked out because you'll have gone silent on cult activities for an extended period (which for you would be about 15 minutes). Ciao!
Snackie: I imagine WAVE will send someone...
to your house to make sure you know how to connect the wires and such. Because, Snack? You are so clueless about the technology you've invested in that even the dunderheads at Lee will realize they'll need to hold your hand.
Still standing by your $40 million in '05 prediction? I'm willing to bet they don't hit a tenth of that number.
Toodles.
eamonn: on TCG...
I don't think so. I think the industry has majorly miscalculated the demand for this widget. Motivated by both fear and greed, technology providers are hoping this generates new sales for them. It ain't gonna. And as soon as they see it ain't, they'll pull the plug. Meanwhile, MSFT maneuvers behind the scenes to water down everything the TCG does until the entire movement drowns in its own irrelevance.
I have yet to see a compelling argument to the customer--especially the enterprise customer. The generic "better security" is far too vague and money is too tight for those who control the purse-strings to give the green light. Is there a single enterprise who is actually using this technology in anything other than minor test mode? Who? Where? Has Wave? Has Intel? Has IBM? Has anybody? Until you can point to some firm that is actually using TPMs on a major scale, this whole thing remains in the realm of the pipe dream. Sure, IT managers might drool over this stuff, but how many IT managers get to replace their entire PC inventory without some outside approval? No, eamonn, TCG will die. It will be a just death because Trusted Computing was designed for the providers' benefit not the customers'. And, as some guy once said, the customer is always right.
Normal means not belonging to a cult...
for starters. Bassoonists are automatically eliminated. Anyone who compiles giant matrices and publishes them on the web, ditto.
But seriously, eamonn, have you noticed how difficult it has been for folks (like cliffdweller) to even figure out if their newly purchased, supposedly TPM-equipped PC even contains the thing they thought they bought? Or find the enabling software for it? Or find someone semi-knowledgable from the selling organization to assist them?
It's gonna go down in flames, eamonn. The whole TCG thing. Microsoft is going to take the organization down the primrose path until it chokes on its own Cyber-Comm-like, Finread-ish haplessness. But, hey, ICBW.
Eamonn: Let me guess...
usually you're not wearing your WAVX license-plate-necklace when mistaken for a normal person?
Blanket amnesty! Great idea...
Come on Matt. Time to turn over a new leaf. If you do it I might even become a paid subscriber. After a suitable trial period, of course.
Matt: Why do Coaltrains' posts keep disappearing?
I could have sworn I just read one about some misadventure in an internet cafe, but now it's gone. Would it help if I reboot?
No. What post?
Wave offers these "products" for sale...
Embassy Trust Suite
Key Transfer Manager
KTM Enterprise Server
Embassy Security Center
Total unit sales for all of the above for the first six months of 2005? ZERO
Also from Wave's site (underlines mine)...
"As the number of Trusted Computing Group (TCG) compliant enterprise PCs purchased rises to the millions, finding a straightforward and unified method for managing the myriad of different platform types, tools, and behavior is a daunting task.
Many enterprises that purchased these advanced Trusted Computing systems with embedded TPMs now require a means to effectively administer them."
*****
Which is why nobody wants 'em now and nobody's gonna want 'em.
dig: Wave itself enumerates the reasons it will fail...
along with the whole TCG raft...
from WAVE's site:
Trusted Platform Management and Recovery
As businesses deploy Trusted Platforms and begin to use applications with these advanced security features, the management and recovery of these platforms has an additional component that is not covered by traditional management and recovery mechanisms. There is a risk of serious data loss in the event that a TPM security chip or hard drive is corrupted or if a user leaves the organization. For example, organizations may need access to a former employee’s encrypted data or TPM-secured keys for disaster recovery purposes. The archive and recovery of keys protected by the Trusted Platform Module security chip is vital for all businesses and especially those needing to retain access to encrypted data for a predetermined time. Security and data integrity must be maintained while ensuring proper archive procedures and recovery by someone other than the original user. Additionally, transferring data to a replacement PC requires an enterprise-level process for transferring the appropriate TPM-secured application keys.
Wave’s solution for Trusted Platform management and recovery fills the gap by providing enterprise-class backup and transition of the Trusted Platform Module (TPM) keys — using a Trusted Computing Group standard process called migration.
Learn more about Wave's solutions for trusted platform management and recovery:
Key Transfer Manager and KTM Enterprise Server AD.
******
I just don't see it happening, dig. Enterprise decision-makers are not going to want to replace their entire PC inventories just to layer in another type of risk (which they then have to pay to manage). This is all a gigantic, industry-wide pipe dream that ain't gonna sell. I think the players involved have completely lost sight of the fact that their customers need to have a good reason to migrate to this technology. A generic "security" answer ain't gonna cut it. As always, ICBW.
dig space: Another Nagravision reference...
from our old buddy Snackman. It's too hilarious to bother ridiculing.
I'm ready wantobe...
although I have enjoyed most of your tunes and also some of the comedy stuff you were linking to last year. I recall a cop shtick that was pretty hilarious. Anyway...
shakerz: But what's it all mean?
and do you call an all-in bet pre-flop with eight players holding cards and a pocket pair of jacks?
shakerz: I didn't see a denial there...
so I'll assume the anti-semitic presumption was correct. Not that the chief harlot Matthew minds. Clearly anything goes in this, the cesspool of the internet.
P.S. Try Pokerstars.com for your gambling requirements.
I'll say it again...
I volunteer for execution. IHUB's jailhouse is a disgrace and the so-called warden ought to be ashamed of the content published here. On the other hand, as a cult-harlot, shame doesn't seem to be much of an issue.
P.S. Better check with Snackman before you do anything. Lord knows the cult-meister calls the shots here.
I volunteer...
for execution. It's pointless to remain incarcerated here with a cult-harlot for warden and anti-semites and homophobes constantly dropping in.
shaker: the word is infringement...
or was that a mere typo? Are you anti-Semitic in addition to being illiterate? Just wondering.
P.S. The rest of the daytraders have gone to poker. Maybe you didn't get the word.
in·fringe·ment ( P ) Pronunciation Key (n-frnjmnt)
n.
A violation, as of a law, regulation, or agreement; a breach.
An encroachment, as of a right or privilege. See Synonyms at breach
Captain: I am in here merely because...
Snackman has made it clear that if I am allowed out he will move the Wavoid Cult to less permissive pastures. It is not about rules or TOU or anything like that. Half of the Wavoids themselves have gone on record in favor of my release. Matt is simply for sale. He's a prostitute. With a bad haircut.
Capt: You are wrong about two things...
Matt sold his soul to Snackman, not the devil. But more important, the SEC is on vacation until some time in 2009.
Seriously, Matt, Snackman just admitted he was wrong...
about the price of WAVX never dipping below a buck again. So it's possible that he's turned over a new leaf and no longer aspires to be Mussolini. Go ahead, just ask him if it's okay if you release me from the jailhouse. I realize you can't do it without his permission. It was silly of me to think otherwise.
Meanwhile, of course, the cult is musing on yet another announcement of somebody else making money in what was supposed to be their lock. As if any rational businessman would ever trust such a collection of losers (and here I refer to WAVE management) to deliver a product or service that measured up. Let alone MSFT. Cults are very interesting, Matt. Very interesting indeed.
Matt: Prostitutes don't usually mind vulgarity...
as much as you apparently do. Be that as it may, I'm wondering if my parole date is coming up soon. You'll have noticed that Snackman has made the declaration that the only person remaining on his blacklist is Duchess/Bleufang. Of course, he may have forgotten by now, since he made the remark more than 24 hours ago. Be a good lad and beg him to let you let me go.
Actually, Matt is more garden variety...
prostitute than control freak. Take, for example, the WAVX thread. Snackman is the monitor despite having violated his own rules several hundred times. Snackman has advised Matt that if certain posters are allowed to leave the jailhouse (me, for one), he will take his investor group (cult, in this case) elsewhere. Matt takes his marching orders from the board leaders, period.