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so true Zen...
i sold out 100% in November 2000 @ around 8 5/8s...
the group you cited rode it all the way down to < $1.
i bought back in < $1 & sold out @ around $4.80 in August.
the Inn keeper wishes he had his bonus -- i've already received mine.
perhaps it's the generation GAP?
edit: edit: WRONG MIG!
it would be $300mil out to save $100mil.
sorta like the ameritrade commercial:
I spent $20 to save a dollar!
go back & read my post on the $260Mil NOL. i understand the value a bit more than i think you realize.
the *enterprise* isn't worth much... it's the IP & the NOL that has value. Wave's people, personal property & leaseholds have neglible value in a buyout IMO.
a more reasonable take-out price currently would probably be around $200Mil (or $3/share w/65mil shares).
a 33% (or so) premium from the price (today, at least).
edit: Snack -- "We know that Intel is paying Wave per board between $.50 and $1.50. SkS has already stated that."
please cite this source. i recall a stated figure of "between $0.20 & $1" cited for the NSM deal & SKS suggested it would be around $0.60. it was in response to Mr. Krazynski's question in the Q1 call (i think).
no, i'm not "trying to manipulate" -- but anytime i post once, i end up having to respond to zealous defenders of the holy sprague grail... it's inevitable whenever anyone says anything bearish about wavx.
edit 2: GKS - same as Snack -- please cite the SKS statement about INTC revs... i heard NSM, not INTC.
i didn't expect anything about any deals that weren't PRed, if NSM isn't ready to ship, SAY THAT!!! hiding it is farrrrrr worse IMO
thanks for the fine distinction b/tw Wave & WXP, 'cept it was PJS who made the blatantly WRONG statement & he just happens to be the founder, fmr CEO & fmr Chairman, who also just recently resigned from his post & was immediately placed @ the helm of the subsidiary.
yeah, you're right, it's apples & oranges...
edit 3: okay Snack, i'll look for that. Thanks CPA for the IRC update -- didn't know that NOLs were no longer considered assets for take-outs. Scratch my earlier appraisal @ $3/share... apparently too generous.
edit: i don't think ANY people outside Wave understand what Wave is doing!
you say they're being paid to be in the box, yet when Oppenheimer asks SKS to address the issue, he dances. Do you *know* that INTC is paying Wave?
i don't.
"billions of deployed devices in 10 years" -- no dispute there. Will Wave exist in 10 years? printing new shares on a near-quarterly basis.
"We don't know 10% of what's going on." i agree 100%. that is a big problem IMO. if this group doesn't know 10% & the CEO won't discuss deployment rates or rev projections, what do you think Opp. thinks?
"I am in the camp that believes in a few years Wave will be doing very well." that remains possible, but there are massive hurdles to overcome first.
"Wave certainly has the capability to announce news quickly" You mean like Peter saying in MARCH that there was a SERIES of PRs that were to be released in "LITERALLY a few weeks" ?!? (33 weeks & counting since he made that statement)
"but a lot of people here aren't interested in your details." why should they be any more interested in yours, or yaya's or Snack's or DJ's or CPA's or AWK's or ANYONE ELSE?!?
"If you wanted break-even revenues today from sales made in July and August, you haven't been really educated on Wave, and their timeline, and you should have saved yourself some time by investing 6 mos from today."
i wanted some meaningful guidance on deployment & rev projections... i would have been happy to hear SKS confirm his break-even projections from last CC & maybe give us some visibility into deployment (e.g., we've moved around X thousand units of ETS, NSM is shipping in X thousand quantity, etc)
didn't hear anything other than a lot of "cool", SO, ummmmms, errrrrs, & the sound of tap dancing.
in addition to the same old tired schtick about the keys & even the same old tired joke about HP's boring book!
worst CC i've heard ever.
not just from Wave, worst ever...
PS trustcuz -- a bit better than your posted strategy, eh?
edit:
MIG -- that wasn't "my" example -- somebody else hyped a $300Mil buyout. & yeah, i think i posted that the $260Mil in losses would be attractive to a buyer who actually makes money. But if you buy the company you get the mgmt (or have to compensate them to walk away). You really think the sprague way works in the rest of corporate america? c'mon!
BTW, i had a GARAGE SALE this summer that made more $ than Wave made in product sales in Q3!
AND, the NEC activation rate question WAS asked... SKS danced.
edit: "I want to 'hear' the tone of what's happening in the voices of Wave management."
uhhh, GKS, no you don't!
the 2 most valuable things in a Wave buyout are:
1) $260Mil in losses that could offset other income
2) IP
howiever, w/TCG's RAND licensing, that only leaves the first item.
why would anyone pay $300Mil to buy $260Mil of losses & pay $40Mil for something that can be licensed under RAND terms?!?
AND a buyout would probably include a FAT payday for mgmt -- i doubt anyone would want to inherit the enterprise & all of its trappings.
SO, Snack... was dumping in AH a "big mistake"?!?
$95 in product income?!? i had to re-read that b/c most filings drop 3 digits & stipulate "results in thousands of dollars."
nope.
ninety-five dollars.
BTW, is NSM shipping yet?
edit: eamonn -- no, of course not. but does the math make sense for a $300Mil buyout?
Snack -- you are correct, the day ain't over... it will get worse.
fall in-to the gap.
BB:
that's the "benefit of the doubt" premium i paid for expecting Wave to inform investors like any other company. i'm back to cynicism (which has certainly been more profitable).
it will not happen a second time.
confident that there will be opportunities to buy it back lower & there's some other stuff i like better short-term anyway.
i might buy some calls for insurance, haven't decided yet. want a sense for how low it's gonna go first b/c there is -0- support below $2.40.
what the H is the write-down for a Mil of inventory all about?
edit: Trustcuz:
go back & look @ the trading before & after the Q2 CC. maybe "something's down"? @ least "Dad" wasn't there promising a series of big PRs in "literally a few weeks."
D&O nope -- mine went off earlier in a series @ 2.38, .39 & .40. Longest half hour i've had in a while!
Bertha - SKS said today that Wave had made the transition from development stage company to production stage company.
that was the CC of a development stage company.
rev & deployment guidance was warranted.
edit:
an analyst from Oppenheimer asked SKS to provide some visibility into booking revs. SKS danced.
Snack -- disagree. s/h silence is golden in Lee.
edit: what else did SKS *repeatedly* say?
"follow the supply chain."
fwiw, i agree w/24 that a plan to float common is much better than preferred (which can turn into the "death spiral" variety in a serious downtrend).
& the fact that they plan to float a shelf offering or a secondary THIS Q suggests to me that revs are not coming in to the extent that many might think.
i cannot believe that some are so hopeful that they are speculating another dilutive deal will necessarily lead to good news!
think about it -- if Wave was in good shape rev-wise, wouldn't they find another way to keep the lights on this year (especially when they coulda sold much more SSPX into the heavy volume)? if they have the future revs coming & needed to do a dilution, why do it *this* year? why not wait until the revs start kicking in & do an offering above $5?!? instead they're printing more shares just in time for EOY bonus checks...
also interesting that they have made no mention of a credit facility... that too suggests something to me about their confidence in the future revs (& don't want some creditor to have the power to force them into BK).
edit:
Snack: i'm not doing a Henny Penny thing -- SKS did not give any vision into the progress, other than the same sort of platitudes i have heard for years. if he had given some reasonable indication that things are moving along as expected i would have held.
he did not, so neither did i...
wavx will still be traded on the Nasdaq tomorrow (which just a few months ago was something that was seriously in doubt), so the glass is half-full.
off to see the wizard!
edit: Snack - probably not.
not tomorrow... if what i think is happening IS happening, wavx will go MUCH lower over the next month. the technical damage alone is much worse than the stalwarts are willing to acknowledge (publicly).
if it drops to $1.50 i probably wouldn't be able to resist buying *some* but this move will probably be extended over weeks & IMO the MMs might move it up & down for a few days (which i might play that in a day-trade style), but not for a swing hold.
if & when SKS comes out w/some real guidance, i will again be a wave "investor" -- until then, IMO the only prudent course is to trade it.
& FWIW it's really hard to trade it as a "wavoid" b/c the loyalties & the dream & the identity get in the way.
i couldn't care less if some Inn proprietor derides me for trading it, it's the only thing that makes sense right now given the way it has moved.
"buy & hold" just hasn't worked well IMO.
& if & when Wave has sound fundamentals i'll scream it from the rooftops.
based on today's CC, the sound fundamentals are more than a Q away.
if eamon is correct that there won't be measurable revs until MAY 2004, wavx *will* go back down to the $1 range.
i can't imagine how it'd feel to let *another* five bagger slip away...
buy & hold isn't working.
i'm going w/what works until that changes.
edit: eamonn - you are correct. i meant to include the word "news." i expected to hear ***something*** about revs today. wasn't expecting boffo, but some idea of the rate would have sufficed.
Snack, c'mon man! you cannot really think that my trigger finger is controlled by anyone here ('cept me). it was Steven's rhetoric & any lack of substance.
if it's a mistake, fine. there are other stocks to make short-term gains w/& wavx won't "get away" from me (unless they get bought out).
wavx is probably gonna sell-off hard -- it was already in a serious downtrend *before* AH.
i got out while the "getting was good."
edit: every nervous investor?
B_D, i'm not nervous about it @ all... my life, identity, finances, etc. are not intertwined w/whether SKS can pull it off.
i have made that "decision" you suggested about 30-40 times since $0.94 & will continue to do so if & when appropriate.
the failure to give guidance is not some sort of handholding exercise. it is used to gauge progress & just about EVERY company does it in their CCs.
it's not about masculinity, bravado or machismo to hold a stock that is faltering. riding it from $50 ----> $1 was not "brave." it was "blind."
riding it from $5 --->$1 might be a little better on a % basis, but it's still an 80%+ decline. i was a seller in $4.80s & in the $3.80s & the $2.80s.
i try to buy it when things get "overdone" & this is far from over. i've listened to dozens of sprague-speaks & this was one of the worst by far (given where the company is "supposed" to be). hiding the deployment rates & rev projections results in a massive sell-off that has just begun!
Zeev may have about the shortest short-term perspective there is, but i wouldn't discount his ability to forecast a stock's movement. moreover, he has a couple thousand followers (ever notice his board is #1 on i-Hub every single day?!?) & it's reasonable to suspect that many of those followers may have bought wavx to mimic his move.
Larry's anaylsis is much more balanced than most voids could ever perform w/out committing heresy! He too has his share of followers & maybe a few of them bought too?
Doma -- i like your posts & learn from you but IMO you are a dreamer. the very fact that you would suggest that Wave will be in every PC is so out of control it's almost sad. SKS did NOT say Wave's IP (the same IP that's been around for YEARS) was being licensed by Nokia!
eamonnshute -- no, it was on Intel's site which indicated "no back orders." then again, according to you, NSM has been shipping for months right? too bad SKS dodged that one too & the revs ($80K) don't really suggest much "traction" so far. But there's always next Q ('cept they're printing more shares again -- financing deals every Q now?)
i can't wait to read the transcript...
edit:
zen -- your desire to be "right" (& richly rewarded) is blinding you bud, look back @ your post where SKS "slipped" on INTC deployment pleased you, no? the NSM was announced in MARCH!!! in that 03/31/03 CC Peter stated unequivocally that there was a SERIES of PRs coming in "literally" a few weeks (now 33 weeks) for WXP. There have been no details revealed about NSM & nothing about revs... i DID expect to hear something like "our top line is growing quickly and could soon approach exponential math leading to geometric growth next year."
instead i heard how cool this opportunity is & Wave has stuff that is positioned to be there when the customers come looking for it & all we need now is for a big customer to buy some stuff & some newspaper to write up something to convince all the other corp IT buyers to buys some stuff...
i did NOT hear confidence in his voice. i did not hear anything that suggested that what people here are hoping for is coming "soon."
i DID hear that more shares are being printed THIS Q (when i heard last Q inklings that revs would push that need out). Couple that w/the SSPX rise (which they only sold a few 100K shares into).
IMO the financial crisis @ Wave is causing them to move slowly & on a much smaller scale than i believe most here suspect.
it truly was the worst CC i have heard, given all the surrounding circumstances -- if the deployment was moving along @ a fast clip, i think we would ALL have some idea of that right now.
instead, i have NO idea what rate deployment is running @ & only little teases that IMO are designed to convince the faithful to keep holding the paper (bag?).
guvna -- back orders?!?
how is that possible when Intel clearly states "No Back Orders" for the D865GR series?
does not compute!
do they have any NSM chips on "back order"?!?
Buy if you must and prepare for more Class A to be printed!
"anything that moves under 2.25" huh?
you'll be busy tomorrow!
Zeev is predicting wavx to go BELOW $1 in the next 3 months. Dudash is ascribing a 50% probability.
eventually you may own the entire company!
best isld bid is $2.04, then $1.75...
http://data.island.com/ds/tools/bookviewer/htmlbook.jsp?STOCK=wavx
best bids on isld = 2.26 & 2.04
then 1.75
1.60
1.50
then 10K @ $0.15
Snack, wouldn't it be sweet if the street saw today's CC for what it was & wavx opens gap down @ $1.90 & closed @ $1.75?
you could "load up" @ fire sale prices!
http://data.island.com/ds/tools/bookviewer/htmlbook.jsp?STOCK=wavx
are you serious Snackman?!?
Wave's credibility would be lower than it is now.
if that is even possible?
definitely don't consider my 10% loss as being a "bagholder."
had faith that Wave would hold a CC like normal companies & give some meaningful guidance.
they didn't -- not even close!
i'm sure the Oppenheimer analyst considered the sprague-speak an appropriate response. Q4 is half over & he has no idea what the revs will be?!?!?
I heard Steven saying...
next to nothing!
*worst* CC i've ever heard!!
BS (planted?) questions about some guy's daughter's PC!
does anyone really think that Oppenheimer will be a buyer after that tap dance?!?
Doma, you are speculating w/a new level of voidism. even sprague-speak didn't indicate anything about any deal w/cells. he said they have some "really cool" IP available for the cells. same IP that was "available" last Q...
Horseman -- the NSM "deal" is the one that ranges from $0.20 to < $1. The NSM "deal" was announced in MARCH! SKS completely aVOIDed any substantive discussion about SafeKeeper "deployment."
SO, NSM has been shipping huh?
in case anyone here can't remember, there have still not been ANY financial disclosures about the INTC MB deal, irrespective of some SKS "slip."
no guidance whatsoever.
incredibly evasive.
dumped in AH.
close the gap.
of course you can!
in fact, you just did:
"...I really don't want to hold at the sub dollar level again..."
Barclays Global Fund (reported 6/30/03) holds around 560K shares.
http://moneycentral.msn.com/investor/invsub/ownership/ownership.asp
Dave Nadig was Managing Director of that fund until 1998.
http://www.nadig.com/Professional/NadigCV.html
interesting.
the answers to the other questions are previously posted.
equally interesting...
you posted this earlier today:
"If I had my eye on this sector, I would take a wait and see approach, especially with very small companies low on cash. I don't think the erosion in price and volume indicates failure just uncertainty.... If the price is being manipulated at all, my guess would be it's being stabilized not held down."
yet now you speak of "our news."
which is it? "wait and see" OR "our news"?
is it being "stabilized" OR "held down"?
are you long this security?
& if so, were you long when you posted earlier today to Bluefang (Duchess)?
tia
SPIN
PS yes, RB is "dead."
Peter said:
From Unclever's 3/31/03 transcript
"...I think you're going to see this demonstrated in a series of announcements over the next literally few weeks. And it's going to be fun."
he said this THIRTY-THREE WEEKS AGO!!!
unkeefingbelievable!
BF - wasn't peeling back the onion that far...
was just making an analogy that a demo does not necessarily revenues make.
awk posted something cool (& more current) about msft & wxp. so it seemed like a good example for the analogy & maybe some newbies won't know that Wave (via wxp) actually has an msft relationship that is potentially cooperative (vs. competitive as i had posted recently).
your detailed analysis is cogent & correct from what i know about communications & broadcasting (which is more than PC tech fwiw).
however, things like standards disputes, IP lawsuits, govt regulations which you mentioned, could in fact later be potential wrenches in the works for TC.
though i wasn't even going down that path.
i was just commenting that demos & revs are not necessarily mutually inclusive & awk's msft/wxp find seemed like an oppty to post something that might come out of left field some day & also something for newbies to chew on...
thanks for the observations though -- IMO Wave should IPO WXP someday (reserving a big chunk (controlling %) of stock) when the climate for such offerings is hot. w/the right IB & syndicate, a wxp IPO, by itself, could easily be worth every penny of wavx market cap today!
g'night.
let's haup so! /e
guv -- that's what makes a market! /e
eamonnshute -- nice deceptive disclosure
that Cluster Labs PDF is from NOVEMBER 2002!!!
where in this (unedited, just like my post of the NSM e-mail) product description is there even a mention of the TPM?
-----------------------------------------------
Blade Server CPU 450 P4 2.0 GHz
CompactPCI CPU-Board 3U-8TE
CPU 450 P4 2.0 GHz, optional max. 2GB DDR-RAM PS2 mouse and keybord, VGA graphics, RS232, USB 2.0, I/R device, 1 x Fast-Ethernet, 1 x Gigabit
(W) 100 x (D) 160 x (H) 40 mm
The CPU 450 board is a flexible blade server for a CompactPCI based system. The 3U blade based on an Intel Pentium 4 (2.0 GHz - 2.2 GHz) is equipped with a memory up to 2GB DDR-RAM). With such an amount of memory and various interfaces (1 Fast Ethernet 100 and 1x1000 MBit/s ethernet, VGA, RS-232, USB, keyboard, mouse, etc.) the component is ideally suited for high-available and scalable appliance solutions. Setup of IP configurations will done with palm organizer about the internal I/R device.
Datasheet
order number: CPUCXJC
suggested street price: $ 1,990.00
-----------------------------------------------
if i made a pdf of an excel spreadsheet last year that suggested that Wave would earn $0.40/share this year, does that have any bearing on when they reach the breakeven point SKS said would happen next year?!?
believe what you want, but this is November 2003 & that pdf proves nothing in terms of whether NSM's PC 21100 chip is in the channel. in fact, it supports my interpretation that "designing" doesn't mean "shipping."
nice try.
thanks for your time.
Rounding up/down -- edit: msft/wxp
the e-mail also notes limited resources & the "evidence" is very different than the INTC "evidence." maybe NSM hasn't put the kind of effort behind their initiative as INTC & @ minimum, it's safe to assume w/out linking to their respective balance sheets that INTC has far greater resources than NSM.
SKS says INTC is shipping in an e-mail from this week, but didn't mention NSM.
awk has an 865 MB on order
a .com supplier says "sold out" (& that fact requires belief that the poster shared a genuine e-mail (an assumption i'm willing to make)).
we've all seen @ least three 865 series MBs listed as available @ http://www.intel.com
we've also seen numerous marketing pieces from INTC listing Wave's ETS as an integral component of INTC's TC offering.
Your CTIA anectdotal "evidence" doesn't equate w/"shipping" (for me @ least). if it did, Wave woulda been "shipping" years ago.
BTW, your CTIA reports were definitely great & i read them w/interest, but in many ways, it's still just another demo IMO.
INTC seems like a "done deal" for shipping.
NSM does not.
i see your point, but like i said, i'm "rounding down" until i see something, ahem, concrete.
the acceptance rates is another issue altogether that based on HP's "too early to call" comment (about HP's TPM-equipped models), remains, well, too early to call...
thanks for having the time & patience to post that e-mail.
regards.
Wavexpress and Microsoft Demonstrate Datacasting Application at International Broadcasting Convention
September 8, 2000 - Amsterdam, Netherlands - Wavexpress, a new technology company providing broadcast commerce for terrestrial, 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 demonstration 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.
Microsoft is providing a next generation driver architecture targeted at digital television applications and is providing critical API functions to support key operations such as network selection, channel tuning, stream de-multiplexing, audio/video decoding, and IP packet extraction. Providing these functions within the core operating system will yield multiple benefits, including a common tuning and stream control model, a modular component architecture, enhanced datacasting support, and the flexibility to seamlessly utilize either hardware or software based transport demultiplex and MPEG decoder solutions.
"A new class of services is emerging from the rapid deployment of digital networks, and Wavexpress provides a compelling multimedia experience uniquely enabled with broadcast commerce," stated Harish Naidu, general manager of the Video and Audio Division at Microsoft. "By exploiting the power and flexibility of Microsoft TV Technologies along with key Microsoft solutions such as Internet Explorer and Windows Media Player, Wavexpress has created an application that showcases the benefits of datacasting in a digital broadcast network."
Wavexpress has developed an innovative broadcast commerce service that combines the power of broadband datacasting with Wave Systems' EMBASSY distributed transaction and rights management system. In leveraging EMBASSY's Trust @ the Edge capabilities with the benefits of a high speed digital broadcast medium, provided via terrestrial, cable or satellite systems, rich multimedia content and a broad range of e-commerce merchandising models will enhance the delivery of the Mass Media Internet.
"By addressing critical system challenges, Microsoft TV Technologies represents a significant step forward in enabling digital television applications on the personal computer," according to Cliff Jenks, CEO of Wavexpress. " The Microsoft TV Technologies initiative provides the key building blocks needed by a PC to support broadcast applications and extends the completeness of our solution by minimizing the complexities associated with processing a high speed data stream."
The Microsoft booth at IBC2000 (321) will include a demonstration of the receipt and processing of a live satellite feed, yielding standard digital television and the Wavexpress enhanced Internet service.
About Wavexpress
A joint venture of Wave Systems Corp. (Nasdaq: WAVX) and Sarnoff Corporation, Wavexpress delivers rich content-movies, music, sports, news, computer games, software-over a digital broadcast signal direct to any DTV-enabled PC. Wavexpress provides a full range of secure data broadcast architecture, infrastructure, and services to broadcasters, content providers and consumers. Unlike competitors, Wavexpress' broadcast e-commerce system offers a variety of business models, including ad-supported content distribution, pay-per-use, purchase transactions, and subscription services. Integrating over $100 million in research and development, Wavexpress capitalizes on the broadcast engineering expertise of Sarnoff, and Wave Systems' EMBASSY technology and back-office systems that handle distributed content protection and transaction reporting functions. For more information, visit the Wavexpress web site at: www.wavexpress.com.
About Wave Systems
Wave Systems' goal is to build a worldwide network of users based on trusted electronic relationships. Trust @ the Edge defines a new architectural model for the Internet which embeds trust and security in every user device. Wave Systems is developing, deploying, and licensing its EMBASSY Trusted Client technology for mass adoption of this revolutionary model. Integrating industry standard functions from a wide range of partners that enable reliable, secure digital exchange and commerce over the Internet. At it's core Wave Systems is building the services and enabling third parties to build services that will take advantage of this new open Trust @ the Edge model. For more information about Wave Systems and Trust @ the Edge, visit: www.wave.com.
Wavexpress Corporate Contact
Simon Tidnam
Wavexpress
212-244-8438
Email: mailto:stidnam@wavexpress.com
http://wave.com/news/press_archive/00/000908wavxms.html
Ramsey, while this is *still* great news (even after 38 months & no update on the msft/wxp relationship), it hasn't exactly translated into delivery of WXP products/services via msft, let alone revs...
edit: email from NSM
it seems yer hasty DD resulted in "rounding up." a common infectious wavoid optimism symptom.
because you don't have the patience, i won't bother you w/further discussion of the purported Compaq link which you claimed demonstrates the NSM chip's current availablity. the same SafeKeeper 21100 chip that was announced in March to be available in May.
but considering the fact that you have morphed designing into shipping i'll "round down" instead & assume that the Compaq link does not say "Available Now! Click Here to Purchase"
the SKS email from the other day also only mentioned INTC shipping, there was notably nothing about NSM shipments.
the October 10, 2003 NSM email from Ramsey [below, see bold] clearly states it is "designing" w/OEMs, & mentions nothing about shipping. the same email characterizes the SafeKeeper as "fully released" and "selling," which could arguably be construed as "having already sold" (i guess), but it looks like (IMO) it is still not in the channel.
i'll try to keep my expectations rooted in reality.
the wavoid DD "rounding up" all too often leads to gross miscalulation & disappointment...
thanks for your time,
Sir.
10/10/03 e-mail response from NSM:
In response to your request:
Thank you for your interest in National Semiconductor's SafeKeeper
device,
PC21100. We are currently only supporting OEMs in the PC industry in
designing in this device. We are not adequately resourced to engage
with
smaller, special-purpose companies.
The PC21100 is fully released product, but because of our PC focus, we
are
only selling to those, speciallized accounts.
There are any number of software packages available today that
implement
the digital signature technology (of course with the keys and other
secrets
not as secure stored as in a TPM). I would suggest you explore these
possibilities first and then look at the other opportunities to
securely
store away your secrets."
Discover the art of analog design at National Semiconductor's Analog
Seminar Series
at a location near you! Join Bob Pease along with other industry
experts
and brush up on
a full pallet of topics. Seminars will take place from September 8
through
October 20. For
a complete agenda and to register go to
http://www.national.com/analogseminar
Regards,
Design Support Group
http://www.national.com
Please provide a detailed explanation of your technical question?
Re: Regarding Your Feedback
How can we make the information we provide more useful?
Other comments or problem? Please provide details.
Product Folder/Part
Num:
edit: 24, i disagree -- premium service "turn on" rates are a much bigger question, but the threshold question of deployment timelines (noticing i'm not saying "if" but rather "when") remains unanswered IMO.
relying on SKS' "look to the supply chain first" advice & noting that NSM has not likely deployed yet (announced in March for a May release, now six months behind schedule), necessarily pushes the question of premium service rates back further, as well as the subsequent NSM license revs (unless they are booked when "designed.")
"So is NSM."
they are?
have been looking for confirmation of NSM deployment (they announced in March that SafeKeepers would be available in May). shute, could you kindly direct me to an NSM confirmation of PC2100s shipped?
There was no indication of NSM shipping in last 10Q or CC & the SKS e-mail provided by Kevin only noted INTC.
be, yes wavx is in a downtrend on seriously decreasing volume. there is a "chicken little" syndrome that is the residue of overly optimistic PRs past.
having been a hard core skeptic over the years has perhaps caused me to discount the fact that Wave was slowly moving the tech world towards a paradigm-shift & maybe the overly optimistic PRs were symptomatic of that effort to dramatically change the way people thought about computing security.
nevertheless, IMO the "street" wants to see some proof of the pudding under the crust. there were gobs of momo players who bought in the august fever & may not be happy w/the current price (leading to a slow sell-off?)
i wouldn't use insider buying as a gauge for price appreciation as Wave insiders don't buy the stock & have tons of options. i would, however, consider recent inst. buying as an indication that some view the wavx risk/reward as favorable for a long position.
http://moneycentral.msn.com/investor/invsub/ownership/ownership.asp?Symbol=wavx
the top 3 (incl. Barclays & Vanguard) have increased their stakes substantially in last 2 Qs. most of the inst. buying hasn't been updated since 6/03 which might skew the overall activity to the negative a little IMO.
there is a UPC 1183 short restriction on wavx & around 4-4.5 mil shares out short (w/current volume avg around 0.5 mil/day).
trying to catch an absolute bottom can be tough w/wavx b/c the MMs play many games & you'll note a harsh spike down to $2.46 that few were able to buy.
the short-term risk IMO is that Wave has little in its Q3 #s to support the optimism expressed here (though maybe a move up in current liabilities that could show stuff shipping but not yet booked as revs, but i'm no acct.)
if Wave doesn't have much in their Q3 #s & CC to substantiate the deployment & subsequent revs, many naysayers will conclude that it's all smoke & mirrors... in that scenario (to play out on 11/13/03) would possibly result in a sell-off & more price erosion.
on the other hand, if some sales began to roll out in late Q3 (noting that eamonn says NSM is shipping & there may have been some INTC activity very late in the Q), AND if SKS (CEO) provides some visibility on sales trend in the CC, the bottom will be long gone.
there's definitely a short-term speculative risk & w/out any substantive news the stock will get cheaper IMO.
i was a "married to the stock" long in 99-2000 & lost (my own fault w/a "5 bagger" & didn't take any profits). didn't come back in until June 2003. traded the INTC/IBM news & came back in recently w/the hope of participating in a bounce from a positive Q3/CC.
Wave could be the "investment of a lifetime" but that remains to be seen... trying to catch a bottom might be tough (impossible?) if the news is good. And based on the reaction to good news in August, there is pent-up demand from sideliners waiting for some clarity on the magnitude of the TCG & Wave's role.
if it's a weak CC, it'll get short-term cheaper (& bashers will pound the no rev issue for months) IMO.
we'll all know *much* more in 5 days...
good luck!
SPIN
PS for some of the long time posters here, there's a bit of a "love/hate" thingy that shouldn't cloud your judgment too much <gg>
edit: "I don't need to react defensively"
yet you continue to do precisely that w/OCD-like determination.
i posted a PR that IMO might be of value to shareholders regarding a potential competitor... no additional text whatsoever.
i only came back into the fray in response to a series of "piling on" posts from nervous & defensive longs.
i posted my long position here to bring the pathetic accusations that i'm attempting to manipulate the price to a halt.
how you conclude that to be "grandstanding" is quite difficult to fathom. maybe if longs weren't so quick to play the basher freak-out card, there wouldn't be this ongoing exchange.
if MSFT is getting into the hardware security biz, isn't that something that longs might benefit from discussing?
anyway...
edit: next time i'll keep something like that to myself & just glom off the DD here as a lurker. cheers!
"Microsoft as the appliance-maker."
i'm not "trying to depict" anything... if RNBO was in fact producing this "appliance" why are they claiming that MSFT is "developing a hardware appliance"?!?
see the bolded below... RNBO's words, not mine.
as to my "perspective" --- cautious optimism w/a heapin' helpin' of having been burned before by extreme executive embellishment.
but, i'm "all in" so infer whatever you will.
i hope lurkers take note of the sort of defensive responses directed towards anyone who dares to post something w/out sugar-sweet sprague sentiment or raises questions about possible competitors (w/$50-60 Billion in cash on the balance sheet).
cheers!
Posted by: SPIN
In reply to: None
Date:11/4/2003 10:04:47 AM
Post #of 17178
Rainbow and Microsoft Developing Hardware Appliance for Windows Rights Management Services for Windows Server 2003
http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=RNBO&script=410&layout=-6&item_id....
IRVINE, Calif., Nov. 4 /PRNewswire-FirstCall/ -- Rainbow Technologies, Inc., (Nasdaq: RNBO), a leading provider of digital content and transaction security for SSL VPNs, secure remote access and software anti-piracy today announced that it is working with Microsoft Corp. on a hardware appliance for Microsoft's new Windows Rights Management Services(TM) (RMS), an information protection technology for Windows Server 2003 that helps enterprises and organizations safeguard their sensitive digital information from unauthorized use.
To provide flexibility to meet customers' deployment requirements, Microsoft is developing a hardware appliance that will enable customers to manage RMS operational services without connectivity to the Internet. Rainbow is working with Microsoft to complete the design and development of this deployment solution component. This appliance will provide the ability to enable client machines to be activated as part of the RMS trusted environment from within the network perimeter, providing a flexible deployment technology to fit how an organization works.
"Our experience in developing high-assurance security for the U.S. government and large commercial organizations that need to secure business- critical information made us the ideal candidate for co-designing this new security appliance with Microsoft," said Shawn Abbott, president, Rainbow eSecurity. "This new security appliance leverages our proven success in building security solutions, authentication and authorization technologies, and content protection. We look forward to working closely with Microsoft on the best solutions for RMS security."
Windows Rights Management Services allows information workers to distribute information within their organizations and define exactly how and under what circumstances it can be used, such as when it expires and who can open, modify, print or forward it. The ability to express and enforce document-level protection will allow organizations to internally share information more broadly, with less risk of inadvertent or intentional misuse.
"Some customers have told us they need to manage Rights Management Services operational services without Internet connectivity," said John Manferdelli, General Manager of Windows Security, Microsoft. "We're pleased to work with Rainbow Technologies to deliver a hardware appliance to meet their deployment requirements."
More information about Windows Rights Management Services is available at http://www.microsoft.com/rms .
About Rainbow Technologies
Making security simple since 1979, Rainbow Technologies, a leading provider of proven information security solutions for mission-critical data and applications used in business, organization and government computing environments, has been breaking the security paradigm by making complex security simple to implement and use for more than two decades. With headquarters in Irvine, Calif., Rainbow maintains offices and authorized distributors throughout the world. For more information, visit the Web site at http://www.rainbow.com .
Rainbow Technologies and NetSwift iGate are trademarks of Rainbow Technologies, Inc. All other company and product names are trademarks of their respective organizations.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information contained in this press release and included in our Annual Report on Form 10-K and other materials filed with the Securities and Exchange Commission ("SEC") may contain, without limitation, statements regarding market share leadership, compounded aggregate growth rate, and competitive landscape. Actual results could deviate from these forward-looking statements, which are made as of the date of this press release. The Company assumes no obligation to update information concerning its expectations.
For further information, please contact: Dan Chmielewski of Rainbow Technologies, Inc., +1-949-450-7377, dchm@rainbow.com; or Deborah Jones of Strategies, +1-714-957-8880, ext. 113, deborah@strategiesadpr.com, for Rainbow Technologies, Inc.
SOURCE Rainbow Technologies, Inc.
11/04/2003
CONTACT: Dan Chmielewski of Rainbow Technologies, Inc., +1-949-450-7377,
dchm@rainbow.com; or Deborah Jones of Strategies, +1-714-957-8880, ext. 113,
deborah@strategiesadpr.com, for Rainbow Technologies, Inc.
24 (hic!)
did you just get back from a six martini lunch?!?
"I just know that you tried to make a big deal about the Rainbow appliance whether it or not it qualified for that treatment (or just in case it qualified for that treatment)."
what the series_H does this incredibly lucid observation mean?!?!?
fact is, all i did initially was post the damn PR & it wasn't until hours later & after a series of "attack" style posts from paranoid voids that i elaborated on my trepidation about Microsoft getting into the hardware security business.
yeah, Microsoft entering the hardware security biz is irrelevant. mmmm hmmmmm.
only sunshine & lollipop posts allowed!
w/an occasional nonsensical seemingly drunken rant?
again...
what--ever!
interesting self-censorship gks/eom
edit: re: "the recent MSFT announcement"
guess i assumed that anyone reading it would know exactly what i was referring to, especially since i hadn't posted in months & only came back on the other day to discuss the [RNBO] announcement.
as i said before, please apply those semantic skills to SKS rhetoric in the next CC.
or maybe you could parce PJS' statement this Spring about imminent major announcements from WXP (sadly similar to "Three Weeks", remember that one 24?)
we did get Howard Dean TV (& IMO that is big), but then we get golfspam.com & TonyRobbins/amwayTV ... meanwhile they ink a marketing deal for CHINA & don't release a PR?!?
wavx seems to be doing a respectable job of "backing & filling" IMO.
the NR article portrayed voids much better than "Chatroom Millions, Real Life Misery," By Danny Hakim, on p. 1 of the New York Times Biz section, that's for sure...
edit: i'm fully invested in wavx right now & have been since *before* i posted the RNBO PR.
24/gks:
*still* think RNBO/MSFT is a negative, albeit somewhat less "big" than when i first read the PR.
no, i didn't "mean" to characterize the PR as being MSFT's, do voids "mean" that Intel announced the inclusion of ETS w/GRH series MBs when they post "the Intel announcement"?
i posted that the NR story wouldn't do much for the share price IMO, certainly a far less positive imact than the "Wave of Delusion" SmartMoney story was to the negative.
So, maybe you could apply those scalpel-like semantic skills to SKS' language during CCs?
thanks for correcting my most egregious error/s.
whatever,
SPIN
1260 way too early to call bud!
Clinton looked like he had NO chance as he campaigned into the rainy New Hampshire night.
a LOT can happen in a year & a Dean/Clark ticket would appeal to many moderates (including me).
Rachelise said "If" & you declared W: The Sequel, is a fait accompli. Counting chickens & all that... but W has a rebounding economy working for him, albeit a "jobless" recovery. IMO it's gonna be a really close race.
Orda, to add just a bit to what BigTim noted, Negroponte (a long time Sprague crony) ain't exactly Adlai Stevenson!
Tim, thanks for that link! After feeling very concerned about the recent MSFT announcement, this story swings the pendulum again. i too doubt it'll have any measurable short-term market cap. impact, but the NR audience is well-heeled & yes, it does portray the oids in a glowing light.
AND, there is still a year of campaigning to go -- the Wave/Trippi/Dean story may get further play in the months ahead.
thanks again!
SPIN
PS i've met Russert & he is definitely not an a-hole... his JOB is to probe a candidate's record, be it DNC or GOP (& he's a die-hard Dem who worked in Moynihan's office & was one of his pall-bearers).
But Chooch has a 3 digit IQ!
Okay Doma, why couldn't you have posted the "straight shooter" stuff yesterday? Kevin, thanks for getting (& posting) SKS' view on the MSFT "appliance." Though it was a curious omission of NSM deployment in his INTC-centric response (which NSM stated would be deployed in May '03).
Weby, i was confident enough to drop my capital on the counter (again) after taking profits (i don't hold a "core").
What would make me verrrrrry relaxed is some rev guidance, some insight into quantified shipping volume & some PR'ed "wins" like the hints about GE, etc.
It's all "sussed out" enough for me to continue to hold, but to also to continue to look for cracks in the foundation (which seems to me is something that any "sane" investor would do when dealing w/such a speculative investment).
characterizing it as "one of the safest investments in the market" is sheer lunacy IMO. It is the other side of the coin of being concerned about an asteroid impact.
Zen - i *can* totally wrap my head around the premise you post & if i couldn't, there is NO way i would be here. i'm also a believer in I.P. rights (though extraterritorial enforcement is an entirely different matter).
it was the ITRU litigation that added to my overall confidence of Wave's ability to see the dream to fruition. It is the DOJ anti-trust enforcement (though a little toothless in some ways) of MSFT's practices & the EU's watchful eye over Bill that adds some comfort (as well as the dichotomy w/the hardware firms that won't sit idly as Softy claims the brass ring).
the very fact that Wave was mentioned in the 10/28 PR was one of the factors that brought me back in b/c yes it IS profound that tiny Wave gets a table card for what could well be a feast unlike any other in the last decade.
none of that means that i find MSFT to no longer be a threat, nor that Redmond won't do whatever it can to carve out as much of the landscape as possible. and D&O's loathing of MSFT likely reflects the sentiments of much of the installed user-base & creates a weird market oppty by virtue of distrust of MSFT.
despite guys like 5par who theorize that a small co. like wave w/limited resources cannot possibly attain this, i like the fact that EDS is involved on Wave's side & the litany of hardware firms that have aligned w/Wave is certainly something that makes claims of "DOA" well, doltish. on the other hand, froth-restraint is warranted & QCOM comparisons are premature, as s'up aptly noted. but if others join NSM in broad IP licensing via TCG's RAND, Wave could be one of the highest margin enterprises ever.
i perceived Dvorak's strange rant as a strong indication that the TC deal is "done" but am reluctant to declare Wave's victory complete.
i'm still holding & am grateful that this 24 hour spate provided some insight. there are probably more than a few lurkers who share the sentiment.
hopefully SKS will clarify the landscape on 11/13.
Fear & Greed.
Greed & Fear.
thanks again to those who made the effort.
anyway,
SPIN
now yer a psychiatrist?!?
it isn't @ all about my self image, it is about FEAR & GREED. the essence of the market. it isn't MY conclusion either! RNBO/MSFT publicized it expressly.
connect the dots Sully (that's what oids do best, yes?)
MSFT develops a soup-to-nuts solution that marginalizes Waves trusted services.
Take a bit of barge's vision (one which stimulates the GREED portion of the equation) & ask whether execs in Redmond might see things similarly.
SO, MSFT develops their own *branded* SSC (aka TPM - AND the very fact that Softy is coining their own terms is telling to me @ least) AND develops attestation, key management, back-up, restore, doc signatures, migration, etc., etc., etc.
AND they have massive economies of scale AND inside knowledge of THEIR O/S & pricing power and market channel leverage & so on & so on...
btw & fyi - my wave knowledge has a bit more depth & breadth to it than you must think to inform me that they are not a hardware merchant.
yep D&O... "suss" comes from The Who. The first punk band. Pete's recent research project makes me sad, but they were one of my fave acts as a youngster (when all my friends were listening to stuff like Poison & Bon Jovi)
always thought the Kinks were really underrated fwiw.
anyway.
awk - maybe:
but the way RNBO's PR reads (below, see my bolds), it suggests (to me @ least) that this will be a MSFT branded device. I'm familiar w/RNBO's products (their iKey is quite popular) & that they went w/a different biz model than Wave. While Wave "swings for the fences" to develop a paradigm-shifting tech, RNBO went along playing "small-ball" & did their thing for VPNs, little-by-little, one base hit @ a time.
The "Wave of Delusion" article derided Wave's mgmt for rejecting easy revs that would follow w/RNBO's approach & if i recall correctly, that's where SKS said the "fun" was w/Wave b/c of its enormous scale (or something to that effect). SKS also once said there wouldn't be any fun in wavx w/out all the risk... lemme tell ya awk, i had a blast in 2000!
can you blame me for now being cautious & skeptical? my first wavx buy was just below $9 in late 98 or early 99 (my broker refused to buy it when it was $3). taking everything as sunny-side-up was a big investment mistake back then & many people rode it from $50 to a buck. i sold my last chunk @ $8ish in November 2000.
i really don't want to take that ride again... is that so wrong? is it okay to be scared?
all i wanted was to suss this out a bit & see how big of a threat it might be (which 'shute noted yesterday that it *is* a threat).
my posts are more than a tacit admission that i don't possess the expertise to know w/certitude. Countryboy posted something yesterday that helped me understand it a little more, but not enough to quell all my concerns.
but i'm still holding...
thanks for posting your take -- i wish more of those w/your erudite status of all things wave would take a minute to analyze this stuff w/out jumping to conclusions.
i want wavx to be a Billion+ market cap just as much as anyone else here.
again, thanks.
---------------------------
Rainbow and Microsoft Developing Hardware Appliance for Windows Rights Management Services for Windows Server 2003
http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=RNBO&script=410&layout=-6&item_id....
IRVINE, Calif., Nov. 4 /PRNewswire-FirstCall/ -- Rainbow Technologies, Inc., (Nasdaq: RNBO), a leading provider of digital content and transaction security for SSL VPNs, secure remote access and software anti-piracy today announced that it is working with Microsoft Corp. on a hardware appliance for Microsoft's new Windows Rights Management Services(TM) (RMS), an information protection technology for Windows Server 2003 that helps enterprises and organizations safeguard their sensitive digital information from unauthorized use.
To provide flexibility to meet customers' deployment requirements, Microsoft is developing a hardware appliance that will enable customers to manage RMS operational services without connectivity to the Internet. Rainbow is working with Microsoft to complete the design and development of this deployment solution component. This appliance will provide the ability to enable client machines to be activated as part of the RMS trusted environment from within the network perimeter, providing a flexible deployment technology to fit how an organization works.
"Our experience in developing high-assurance security for the U.S. government and large commercial organizations that need to secure business- critical information made us the ideal candidate for co-designing this new security appliance with Microsoft," said Shawn Abbott, president, Rainbow eSecurity. "This new security appliance leverages our proven success in building security solutions, authentication and authorization technologies, and content protection. We look forward to working closely with Microsoft on the best solutions for RMS security."
Windows Rights Management Services allows information workers to distribute information within their organizations and define exactly how and under what circumstances it can be used, such as when it expires and who can open, modify, print or forward it. The ability to express and enforce document-level protection will allow organizations to internally share information more broadly, with less risk of inadvertent or intentional misuse.
"Some customers have told us they need to manage Rights Management Services operational services without Internet connectivity," said John Manferdelli, General Manager of Windows Security, Microsoft. "We're pleased to work with Rainbow Technologies to deliver a hardware appliance to meet their deployment requirements."
More information about Windows Rights Management Services is available at http://www.microsoft.com/rms .
About Rainbow Technologies
Making security simple since 1979, Rainbow Technologies, a leading provider of proven information security solutions for mission-critical data and applications used in business, organization and government computing environments, has been breaking the security paradigm by making complex security simple to implement and use for more than two decades. With headquarters in Irvine, Calif., Rainbow maintains offices and authorized distributors throughout the world. For more information, visit the Web site at http://www.rainbow.com .
Rainbow Technologies and NetSwift iGate are trademarks of Rainbow Technologies, Inc. All other company and product names are trademarks of their respective organizations.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information contained in this press release and included in our Annual Report on Form 10-K and other materials filed with the Securities and Exchange Commission ("SEC") may contain, without limitation, statements regarding market share leadership, compounded aggregate growth rate, and competitive landscape. Actual results could deviate from these forward-looking statements, which are made as of the date of this press release. The Company assumes no obligation to update information concerning its expectations.
For further information, please contact: Dan Chmielewski of Rainbow Technologies, Inc., +1-949-450-7377, dchm@rainbow.com; or Deborah Jones of Strategies, +1-714-957-8880, ext. 113, deborah@strategiesadpr.com, for Rainbow Technologies, Inc.
SOURCE Rainbow Technologies, Inc.
11/04/2003
CONTACT: Dan Chmielewski of Rainbow Technologies, Inc., +1-949-450-7377,
dchm@rainbow.com; or Deborah Jones of Strategies, +1-714-957-8880, ext. 113,
deborah@strategiesadpr.com, for Rainbow Technologies, Inc
the super-secret wave basher cabal
it's like the Free Masons... we're all out there running the world, faking moon landings, controlling currency fluctuations, starting wars, setting the Fed Funds rate, etc!
HhH has been here for months & months doing his cult comedy hour solo.
BF was here for a week or so positing an "efficient market theory" related to wavx decline as a possible early warning sign for ETS adoption rates & revs. he did so by himself.
CPA pops in and questions the financial shananigans & says he is attending the "special" shareholders meeting at some resort hotel in the Berkshires. nobody piles on.
i receive various alerts about Wave's competitors b/c i perform my own DD & take the theme of this board w/a grain of salt. i get an alert that RNBO has been brought into the TC fold by MSFT to help Bill develop a hardware "appliance" that will interoperate w/Longhorn.
Note that RNBO is assisting MSFT to build a device... it will be an MSFT device. ergo, MSFT entered the hardware security "space" yesterday. TCPA was disbanded to eliminate the MSFT veto & the US/USSR UN relations quagmire that it was becoming.
i posted concerns that there was a tectonic shift yesterday... some here say that the world is flat & never you mind about competition!
CL has apparently been quietly buying & YES he did post about RNBO in the past. so have i back on RB years & years ago.
the unfounded allegations that we are acting in conspiracy is an ATTACK.
Snack does permit alternative views & the extremist concrete poster types who accuse him of not permitting any such dialog are either mistaken or deliberately using a contorted "chilling effect" theory to push their views.
there has been ZERO coordination b/tw me & any other posters here.
maybe the coincidence is that RNBO announced that it was helping MSFT develop a hardware security device yesterday.
give & take -- it was MSFT's validation of hardware-based security that probably saved Wave years ago.
ironic.
edit: 24 -- D&O acknowledged that i would get attacked for saying anything contrarian. you *know* he's right. you have accused me of "playing" sides, cm proclaims iggy, Doma says "love it or leave it!" what do you expect?!? anyone who stands up & raises doubts or asks questions about the lumpy rug in the middle of the room is excoriated.
24:
no doubt. but i don't recall ever making any such "rote reservation" & in fact can recall making the same observation as you just did & championed the INTC relationship.
there HAS been tremendous progress realized & mere survival in and of itself is quite an accomplishment. based on that alone, one can surmise that the Old Boys in Lee have the fortitude to see their plan through.
but whoever said this investment was binary (Allen? Gilder?) was spot on... in waveland it's either oid or basher.
love it or hate it.
believer or heretic.
some even proudly proclaim it is the fourth most important thing in their life!
no middling or grey areas allowed!
Gooooooooooooo WAVX!
edit: struggling to see the future is *precisely* why i posted yesterday D&O! was just trying to channel some oid energy towards competitive analysis... i definitely want wavx to go up in value. just as much as anyone else here.
just not gonna drink the kool aid wearing a blindfold.
i'll comment Snack:
Nancy Sumrall said, "Wave's insights in the development and delivery of these trusted services are just the beginning of bringing a whole new level of value to the PC platform..."
couldn't one interpret this ("...just the beginning...") to mean that many other flavors will soon be available with a wide variety of service providers and functions?
i don't read this as suggesting the exclusivity of Wave at all...
guess it depends on the lens one views it through.
mine does not see Wave's TC dominance as a "done deal" but rather as a viable possiblity w/many risks on the road ahead.
according to Doma, i should sell wavx & buy rnbo.
should shareholders follow Doma's advice & sell wavx & buy rnbo Snack?
still holding...
wouldn't it make him a basher Doma?
sheesh, if even 2B has to couch his words what does that say about the security of some holding this security?
CL comes on & says he is a *buyer* & somehow it is morphed into he is a basher?
i told you yesterday that i have bought all that i can, yet you posted as if i was trying to drive the price lower in order to buy it cheaper. i cannot. my capital is already deployed in wavx. capital which came from prematurely selling IVAN.
SO, yesterday you posted that it was impossible that MSFT would circumvent or usurp Wave. Your posts yesterday suggested that anyone mentioning concerns about the RNBO/MSFT relationship was manipulating, technically inept or delusional.
yet today you wonder if 2B is posting that SFNT/RNBO might eventually develop SSCs for MSFT.
SO... which is it?
tia
SSPX related filing:
http://www.pinksheets.com/quote/filings.jsp?symbol=WAVX
$2.52 in AH... everything is kwel.
btw, thanks Countryboy -- that is the sort of post/s i was hoping for (but unnecessarily cryptic).
anyway, i do hope my worries are misplaced.
good luck.
you won't need to...
"sanity" comes from the Dew Drop Inn. how ironic that the Inn's proprietor accuses me of "juggling games" (as a pejorative) when his consuming passion is a company which uses a juggler as its corporate identity!
the bottom line is that i own a lot of shares & was/am worried by today's MSFT PR. if it makes the Wave Nation more comfortable to think my posts are a ruse, by all means think that.
thanks for all the insightful analysis to demonstrate why this is not a considerable threat, a threat that did not exist in this little universe a day ago.
i'll just lurk & trade it... but i meant no harm today whatsoever & think the reaction speaks volumes about things here...
later.
edit: the "Wavoid Bar & Grille" is about as lame as it gets! thank Gawd there is no cover charge!