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well maybe sks should start wearing a t-shirt instead of ridiculous greasy 1980s suit :)
mig, i was shocked to actually see sks in person a couple of weeks ago. have you ever met him? i had not before. the point i'm gonna make you're not gonna like. i've met a lot of executives over my life, at least 200 CEOs, perhaps more. the culture and status requires these people to maintain a certain look, and they sure have the necessary means to do that.
i've never met an executive so out of shape, both physically and the way he was dressed and carried himself. if this has been the face of Wave Ssystems all these years, no wonder... And this guy goes to all these conferences and sales meeting looking and acting like this? oh wow!
I don't wanna waste my time listening to the cc. if somebody here already wasted his or hers, can you tell me what was said about scrambles if anything please? did they really make some money off scrambles, signed a contract? does it finally work with IE ? thx!
if there is any truth to pending dod contracts, the election result is good news for wave. i'm surprised we're still under $1
mig, can you share with this board what or who made you spend 20k some weeks ago when sp was still hanging around a buck and nobody else (well except you and sks was buying)?
barge, thanks for posting this incredible information. based on this, i intend to double my amount of wavx shares today!
the purchase was made as a requirement for the pp.
almost a month into 4th qtr and yet no new contracts. can not wait to see 3rd qtr numbers. should be a fun ride all the way down to 10 cents or so.
barge, windows 8 is a nail into wavx coffin. everybody knows that. windows 8 will do everything that wavx does plus some. in 4 days wavx tpm chapter will officially close. you should switch your focus to scrambles. that's your main hope now.
personally, xbox with wave inside is my all time favorite.
Not that the golden bridge award matters much, but it's worth to note that there hundreds of gold winners every year in various categories. my guess is Wave applied for at least 100 categories and "nailed" this one. But even in Case Studies and Best Deployments
category there are 2 other gold winners, and oh! here's a list of runner-ups: The Grossman Group, Attendance on Demand, Emulex, FleetMind Solutions, MaintenanceNet, Ncomputing, Plex Systems...
As Kelly Bundy used to say on Married with Children, "Prostitution rests!"
i think it's time for stephen to accumulate more shares at these ridiculously low levels
Legacy Windows? really? have you ever been a part of a Windows upgrade within a large corporation (banks, insurance, healthcare)? ALL the computers get upgraded.
Non-windows? You get your blackberry or iphone replaced with a Windows 8 phone. I'm not saying this will happen. Microsoft might not succeed. If they don't, the TC is a complete bust. That's what I'm referring to when I say you're trying to have it both ways. If you believe Microsoft is successful in convincing a large enough number of companies to switch to Windows 8 and turn on TPMs, that's a great win for TC, but a total loss for Wave. You obviously disagree which is fine. Like you said, we'll wait and see :)
alea, you can not have it both ways.
If you believe that Windows 8 will finally kick off meaningful TC adoption, you have to assume that MSFT will handle ALL TPM related tasks for all devices running Windows 8. Thinking otherwise is simply day dreaming. I'm sure you've watched Inception. Wave making money off Windows 8 is not just a dream, it's a dream within a dream within a dream. It could of course be a very pleasant dream for somebody who has lots of shares of this pos, but it will come crushing down, just like those buildings in the movie, remember?
well, don't tell that to the spragues and their surrogates on msg boards. your friend simply "does not get it". i mean he and the rest of the sane world of course. you see, it's all about the mixed environments. so if a large bank decides to adopt TC and they have all of their PCs and laptops running Windows 8 but some employees are using blackberries and iphones, don't you understand that the bank instead of replacing those with Windows 8 phones and adopting MS TPM management across the board, they will pay Wave instead because you know Wave can manage them all - MS, Apple, Google devises, etc. And MS will only thank Wave, because you know, they're just tight like that with Wave being microsoft's gold partner (among other 20,000 companies) and all.
the notion that sks now has some skin in the game is just hilarious to me. really? this rotten spoiled greedy man won't find a way to get his money back out of Wave? i bet he's looking at these 50k as a loan to Wave. after all, it's Wave who sold him these freshly printed under ATM shares - probably had to use the money to pay some month-end bills. whether it's an increase in his salary or a bonus, he'll get his money back even if the sp is at 25 cents per share.
jokes aside, sks buying 50k+ shares is an extremely bearish sign imo. it's nothing more than an act of total desperation. he and the rest of his miserable family finally care about the sp because they have to print those atm shares to keep the lights on. none of these fake PRs of pilots, and alliances and conferences have been fooling anybody. coming up 3rd qtr results will be horrible. there are no new contracts, no new investments, and the sp was falling off $1 mark. with no $ news to support it, he comes up with this ploy which has worked so far, but like everything else wave, will be very short-lived.
apple is probably about to buy scrambls or something.
telstar, i disagree. i think wave's tpm chapter is over. msft has developed their own tpm management software and by the time any serious tc adoption starts taking place, others (apple, google, intel) will do too. imo you will see the focus being switched to scrambles entirely over the next couple of quarters.
the spragues - root of distrust and suspicion.
result - resentment.
how is our resentment usually manifested?
when we are filled with resentment toward a person or group of people we:
pout or fume at the mention of their name;
speak in a derisive or demeaning way about them;
get depressed, despondent, and find ourselves going in circles in attempts to overcome these negative feelings.
the above is elementary psychology. have a great day everybody!
i would not trust stephen to get me a cup of coffee and trust me, every executive wave is approaching these days feels exactly the same way. of course if he wants to spend his own money (share holders money actually), i'll let him run a pilot for me. i have no problem with that. people say TPMs might be a thing of the future, so let's see what it looks like, for free. will i entrust the security of my firm to this guy? you gotta be kidding me, right?
THE SPAGUES - ROOT OF UNTRUST!
how ironic is that the company that was supposed to be all about TRUSTED Coumputing has lost any TRUST from investors and clients alike?
i think you hit this nail right on the head. if wave is bough out and the product is re-branded, it will sell much better. nobody trusts the spragues. too much of a baggage and bad rep. that's the main reason for no new contracts imo. but with tc adoption still years away, the large players have more than enough time to develop their own products imo. i'm sure that's what they're doing right now, some quietly and some (msft) not so quietly. should one of them (intc? google?) decide to purchase wave instead, it would be a huge blessing for current shareholders.
time flies. another quarter is about to end. how bad was it? me guessing pretty bad. no new major contracts, not even a smell of a new contract in the air. dod is not going any where until the elections, but even after no matter who the president is, TC adoption is still years away if ever.
titlewave, who cares about microsoft? did not you hear sks state during last cc that scrambles will make money THIS 3rd qtr? no more PPS and ATMs, no more quarterly losses and screw all those TPM and SED contracts that never happened (hey! another quarter is almost over and guess what? no new contracts) - who needs them?!
Scrambles will save the day! I mean sks would not lie about something like this, would he? being the man of great honor and integrity that he is.
how much do u wanna bet that if they ever do 50M a year in revenue, the expenses will be at least 20% above that? they can not manage their finances properly just like a few posters wrote today, and they do not care.
i'm not very techy, my background is finance/wall street, lots of contacts in hedge fund world though. let me tell you something. any small hedge fund manager's wet dream is to find a niche like wave that stays open for 20 years, who is always in financial trouble but never goes bankrupt, can care less about delusion (would happily issue as many new shares as can be absorbed at any given time by the loyal followers brainwashed via a message board). the entity who does PPs is a real benefactor here, much more than the spragues. this entity on average has had at least 50% annual profit off its investment over the years with virtually no risk taken. in today's financial world, that's as well as you can do.
dig, all i can tell you bother is follow the money. who's handsomely benefited off wave over the past 20 years? you know the answer better than i do. the whole set-up is holding on the ability to keep the volume high enough to print/sell more shares every year. somebody has to buy these shares. otherwise this whole pp machine that have made the spragues on one hand and awks/snackmans on the other filthy rich quickly falls apart. why would they let you discuss the equity on the board whose sole purpose is to con suckers into buying more freshly printed shares? there is really nothing to discuss or argue about. they can not argue anything and they lose any argument right away when they try to.
seasonal stuff is in play too. some folks buy lots of wavx stock every august and then sell it every january.
do you think it pays off in any way for sks to go to all these conferences to basically educate folks about TC? is it really his job? i personally do not think so, but would like to hear other opinions. very often he's the only one presenting from the private sector. so people from other tech companies choose not to participate because they do not see any $ benefit? just don't tell me he's the only one invited.
while the message is pretty well articulated, the messenger is horrible. sks is not a charismatic speaker and his awful reputation precedes him. him going to all these conferences does wave a lot more harm than good.
lugan, wavx does not make tpm hardware, only software. what they're offering is a piece of software which is very primitive. specs are out there. when and if (big IF) TC takes off (which won't happen for at least 5 more years if ever), by that time msft will have 10 times more to offer than wave does. same goes for apple and other major software companies. sks better not be lying about scrambls making them some money this quarter. i don't like scrambls and i don't think it has any future, but somebody at apple or google might decide it's cool and buy it out. happens all the time. those companies are sitting on gazillions of cash and they don't know what to do with it. forget TPMs. that game is over. it's scrambls time!
about 20 years ago WordPerfect for DOS was a relatively successful start-up in the new field of computer word processing. there was all sort of excitement among their shareholders about new Miscrosoft OS called Windows that was suppose to make using word processing programs easy and user friendly. well, except msft introduced their own program called Word, and the rest is history.
Is sks lying when he says msft is not a competitor or is he just so stupid that he does not understand?
lugan, it's no allegation. it's a hard fact. go to his new board and read his recent post where he's bragging about participating in prior PPs. he probably posted close to 10k messages on this board alone in less than 10 years. how many Wave PPs has taken place over the years ? dozens? i bet most of his posts were written within a month or two leading up to PP announcements. same goes for awk and barge and the rest of them.
when it comes to wave, you and some others make your investment decisions not based on facts, but on all this agenda driven garbage that they bombard you year after year, day after day.
did you listen to sks today? if you did not, you should. it was a sad CC, but at least he was pretty honest for a change. admitted he has no credibility, admitted that msft and samsung "news" were just thrown out there to see if something sticks to raise the sp, but neither will result in any significant revenue for wave in near future. no more bs about wave being the king of tpm world. instead, the current plan is to somehow get a few big contracts (good luck with that!), reach b/e, shape up and sell to a big player within a year or so.
lugan, question for you.
have you participated in PPs over the years? you don't have to answer. i'll take your silence for a yes. If you, like snackman and awk and others, participated in PPs, I don't have any further questions for you, but if you did not, don't you realize that the main purpose of the message board you are referring to is to allow PP guys to sell their shares short while pumping the stock during a month or two before the PP is announced?
contract and pp
Titlewave, you're 100% correct of course. By the way, I checked other boards and i see that even though the pp is not official yet, the details have leaked. it's interesting that for the first time Snackman and friends publicly admitted participating in prior PPs. i suspected that to be a case for a long time, but it's a stunning admission imo. they make an argument that PPs are not risk free - the company can go bankcropt and then you lose, so that's why some of them (including Snackman apparently) did not participate in this latest PP. That's a blunt admission imo that this company is on the verge of bankruptcy. Keep in mind that these people are very close the Spragues and definitely know what's happening with Wave finances.
i did not see any official pp announcement but as i've stated before i'm sure one has been taking place at either 60 cents or 55 cents or something like that. there will be another one at 20 cents in a couple of months. mark my words. we know 2nd qtr was horrible with no new big contracts. 3rd one will probably be even worse. we're almost half way in it with no new big contracts and the pp (atm is probably also taking place) is a very good indication that nothing is coming any time soon. that's why no serious investor will buy a single share of wavx at this point.
revs for 2nd qtr last year reported exactly a year ago were at about 8M. cc was awful and sp tanked but this was posted on this board the day after CC:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65994250
it is pretty unbelievable indeed, is not it?
or how about this one from July 2003?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=1260743
i think the worst part is that TC adoption is still like 10 years away. just imagine 10 more years of all this. i have gone back and read more of ihub wavx posts from 2003-2004. if it's not exactly funny, it's just bizarre. you read most of them and you would never guess the posts are from that time, they all sound like they have just been written yesterday. even the handles are all familiar.
Snookiman from July, 2003:
"Last night we had a private room at a great restaurant in San Francisco. Steven talked to us for four hours. This was a small group of investors, about 9 to be exact......
Barge and I drove round trip from Los Angeles to San Francisco and did not get home until 5:00 A.M.......
I will say this. My son was there, and he had never heard Steven speak. He is 31 years old and owns a lot of Wave, for better or for worse. He told me, and this was unsolicited, that if he did not own Wave, he would go out and buy it the next day after listen to Steven for four hours last night."