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zak - please try not to put too much credence in those here that question every poster w/a question as having an "agenda."
many here fully realize that people like you & Zeev are valuable... even if you never buy a share, the discourse helps to refine thinking.
wavoids have taken many hits over the years & been subjected to some of the most determined shorts i've seen.
WAVX was the subject of an organized attack by Anthony Elgindy (& for those who don't remember, it was prompted by Janicen begging Elgindy to focus his horde on Wave). After the Anthony @ Pacific attack, some shorts never left.
that has left many a 'void w/scars, emotional & financial.
unfortunately, some are far too quick to label anyone w/any measurable skepticism as a "basher" with an "agenda." I don't think Zeev has a dubious agenda at all & welcome the scrutiny.
stick around & kick the tires... maybe take it for a test drive.
SPIN
PS soros - please drop the "sheckel" references that you've dropped w/noticeable specificity. agendas come in all stripes & many have nothing to do with stocks or money...
THE HOWARD DEAN CHANNEL
Presidential candidate Howard Dean has already distinguished himself in one way from the vast Democratic field: he smartly used the Internet service Meetup.com to organize grass-roots campaign volunteers.
Now Dean has taken another interesting high tech step by launching what is essentially his own Web-based television channel http://www.howarddean.tv. By installing a small piece of software, your computer is turned into something of an Internet-based Tivo, constantly downloading video in the background, via your high speed Internet connection. Thus, when you go to the howarddean.tv page, there is a series of video programs available for immediate viewing -- full screen at better than VHS quality, with no waiting for streaming to start. The current fare at Dean's channel includes full-length versions of his recent speeches on health care, along with a long campaign trailer. The campaign promises to continually update the channel as new Dean video becomes available.
Clearly, this isn't going to make the average citizen's bookmark list, but it's a very smart way to make sure that Dean supporters are entirely up on the latest video images and coverage of their candidate. And the Web is an increasingly important piece of the political machine. As I wrote last month, the January election of president Roh Moon-hyun in South Korea was widely attributed to his smart use of the Internet in that most-wired of nations.
The Dean campaign is using software from Manhattan-based startup Wavexpress, headed by the colorful long-time tech entrepreneur Peter Sprague (who, along with being former chairman of National Semiconductor, has run such disparate enterprises as Design Research, Advent and Aston Martin). The Wavexpress software stakes out a chunk of cache on your hard drive and, by constantly downloading in the background, accumulates video there until you want to view it. It's an interesting alternative to streaming technology; with enough hard disk space and processor speed, the Wavexpress technology can actually deliver HDTV level resolution. Wavexpress seems to be the leader in the area although ESPN.com also has a similar technology.
Wavexpress requires a fast processor and plenty of hard disk space, but if that's your machine you can download the software for a two-month trial at http://www.tvtonic.com, with free access (thus far) to movie trailers and AP news, along with some premium offerings that range from Japanese cartoons to a French-language channel about fashion models. Sprague hopes to add more specialized television -- al Jazeera, for example -- as the months go by. And, if the Dean experiment goes well, likely some additional presidential candidates as well.
From Newsweek's "Practical Futurist" Michael Rogers.
http://www.msnbc.com/news/767146.asp?cp1=1
IMO, this is a story that is just going to get bigger as the primaries get closer...
SPIN
Updated IBM News
http://biz.yahoo.com/rc/030804/tech_wavesystems_ibm_3.html
Hey Micro - yeah, as hard as i give it, i gotta admit when i'm wrong. i do think the loan shark deal was a calculated risk that paid in spades.
i'm really optimistic that there will be additional info forthcoming in the daze & weaks ahead.
bring on AMD & NSM (ASIA) news.
would loooooooooove to see a 13D or 3 filed!
SPIN
PS how's that 1L daughter's first summer "off" treating her? (btw i only have one iHub post left for today)
CL - Oct. 2004
Wave cannot force call the warrants until 18 months after April '03.
But that doesn't mean that the price trigger function is not ticking away right now. If the milestone is met (which looks exceedingly likely), the warrant holders would be in-the-money and could choose to exercise. Wave just can't execute a forced call of the H warrants until 15 months from now. Nevertheless, it'd be an asset they could leverage even before then (e.g. debt - bridge-financing).
My understanding of the H pref. conversion to A common is that the price trigger ($1.90 for 15 of 20 consecutive trading days) is in play now. Assuming s/h approval is in the offing (& it's looking like the SHM will be a love-fest), Wave can presumably force the conversion of the preferred later this month.
I totally agree that a WXP IPO is increasingly likely & any firm that wants a piece of Wave is likely to offer their IB services, initiate coverage of WAVX, etc. IPO monitor indicates that July was the heaviest IPO month of the year so far... the appetite for new issues is growing.
Wave owns b/tw 75 - 85% depending on the treatment of the start-up notes & could monetize WXP for at least $100mil IMO.
If they continue to grind out news/deals, i think that amount could climb to $250Mil in a matter of a few months.
then there's the SSPX shares (though i'd rather see Wave use that leverage to further their govt. offerings).
I shared your financial concerns (now *that* is an understatement!) before, but i think w/the current landscape it's almost a non-issue now...
I'm amazed w/Wave's ability to keep these deals under wraps & simply MUST tip my hat to them for that (& i'm left wondering if they did the loan shark financing b/c they couldn't disclose the imminent deals AND knew that, as late-great Bob Marley'd sing, "cuz, every little 'ting's gonna be all right."
don't worry,
SPIN
quite sure - he rec'd wavx as compensation.
disclosed in 10Ks a couple years ago... would *LOVE* to see him on the BofD.
he's a God in the crypto-crowd.
check fer yerself - look @ 2000/2001 10Ks.
SPIN
PS DCB - you're like Chris Elliot in "Cabin Boy" stick around & provide s'more laughs!
Bruce Schneir worked w/Wave on EMBASSY
he is to cryptology as Kevin Mitnick is to hacking & phone phreaks.
read BCaSE's post & digest the "spy v. spy" reference - i think Callahan meant it is unhackable as of today - state of the art - not forever.
also, there is the entire Trust @ the edge aspect - there will be no one motherlode of CC #s, passwords, etc. Who is willing to risk the penalties of hacking to hit one machine at a time?!?
The risk/reward equation of hacking is chaninging dramatically right underfoot...
though yer point is a good one Blue, he coulda been a bit more eloquent in his choice of terms.
SPIN
PS CL - really glad you waxed up yer long board.
PPS 2B - got the note - thanks! BTW, the anchor post omits AMD in its reference to TCG.
extel - an alternate theory would be that wavx was grossly undervalued.
IMO, it still is...
Their sub (WaveXpress) could be IPOed this year for a 1/4 $B. Wave owns b/tw 75-85% of the sub. Sarnoff corp owns the other piece. You mighta seen all the stories about Howard Dean's ability to raise campaign $ via the web?!?
That Deaniacs push has been driven by WaveXpress technology.
the story goes waaaaaay beyond the TCG stuff, though that's what's driving the trading frenzy.
take a closer look @ it if you are so inclined.
thank me later,
SPIN
PS Dean's campaign manager (Joe Trippi) is a wavx s/h - he posted as "random1" on RB.
that's right Tony...
2 different animals - i was talking about the warrants & the "any twenty (day) consecutive business day period."
the H can be converted to common only after s/h approval of the increas in shares auth. My understanding is that once it receives s/h approval, only the price trigger precludes the conversion of the preferred.
the warrants cannot be called until 10/04, but i think the price trigger can be effected sooner (by meeting the price trigger). i could *definitely* be misinterpreting it & the "commencing on" April 30, 03 (+18 months) could control the price trigger (as it clearly controls Wave's ability to call the warrants).
thanks for testing this stuff, b/c i'm not (obviously) 100% sure on the language.
SPIN
Tony
i think you can reach two different conclusions w/that.
for a minimum of fifteen (15) business days during any twenty (20) consecutive business day period.
the warrants don't go effective until Oct '04, but depending on what the correct interpretation is, the price-trigger may take effect now.
i realize Wave can't call the warrants until then, but the share price trigger is ostensibly on the table now. i'd like to hear 24601's take on this b/c your interpretation could be correct b/c of the "commencing on" language, but the term "any twenty (20) consecutive..." suggests that the price trigger is in play right now.
Wave just wouldn't be able to call the warrants until next year, but it'd be money in the bank, so to speak...
Sully?
SPIN
Zeev - can you post a link to yer bored?
WLD - thanks for stopping by - i think we'll see you again someday soon.
you betcha they're defensive - look @ the chart! The "wavoids" have suffered the slings & arrows of the best of 'em (including Anthony Elgindy in 2000).
they have taken a beating over the years while waiting for the world to catch up to this paradigm-shift.
forgive them, the hyper-sensitivity is rooted in taking abuse from Anthony's minions & other similar ilk over the years.
i think you'll be back... <g>
SPIN
you can short if you want!
you'll be covering it later (& likely higher).
keep digging - you, Zeev & others seem to be of high intellect... when you finally do wrap your heads around this, i think your skepticism will erode.
i'm an idealistic recent law school grad who complains about anything that seems to be remotely outside the realm of Kosher. At the same time, the things of which i've complained were not enough to keep me out.
it's also worth noting that Wave saw the development of Trusted Computing a decade ago - so the lack of revs, etc. are understandable in the context of their waiting game. Wave had to wait for the rest of the world to catch up AND TCPA was so bureaucratic (& there was a struggle b/tw MSFT & INTC) that Wave had to wait & wait & wait...
meanwhile they developed cutting edge tech & were able to spring(dale) into action when the gate was finally open.
if you focus too much on the rear view mirror, i think you might miss what is in the windshield... but it is, after all, your money!
later,
SPIN
Zeev - their status as an original TCG member cannot be overstated.
as skeptical as i was a few months ago, i think it's a fait accompli now that Wave will release info on deals w/every major member, given the two recent PRs.
The very mission of TCG is to establish standards for the entire Trusted Computing market. It follows that the lagging members will be inking similar deals.
WAVX can go parabolic & not look back for weeks straight IMO.
I hope you get in for the swing & have fat news drop from the sky...
it's now likely IMO.
later,
SPIN
WLD - probably not!
there are warrants attached to previous financing that'll convert if common trades above $1.90 for 15 days that'll generate another Q of cash.
company has aggressively cut its burn rate over last 2 Qs.
co. owns the swing vote of SSPX (i think around 4-5mil shares).
co also has a subsidiary WaveXpress that has serious IPO potential.
and is beginning to book revs (soon if not already) & expects to be @ break-even soon.
Also, Wave has NO debt.
there's more -- keep looking into things. you'll find some sketchy mgmt stuff, but looking ahead the future is very bright.
AND, i've been a serious critic of the company (trust me, damn near anyone here'll confirm *that*
take a look @ http://www.wavetek.org - a really nice "unofficial" site that describes the basic infrastructure (developed by a s/h "2bStealthy").
regards,
SPIN
Yo Zeev!
i'm among those who welcome you wholeheartedly.
many here will attest to my skepticism - i had to do my own vetting to get back into this stock.
you have obviously had some worthwhile things to say on iHub or you wouldn't have something like a THOUSAND member marks!
your critiques & questions will just enhance the overall analysis & knowledge base. whether you invest in this opportunity is less important to me than your testing the collective logic.
hope you do go long & make a fortune, but whatever you decide, i'm reading your posts w/Spinterest!
regards,
SPIN
Tony - if the installation was performed, even w/Doma's info that there was bug-fixing, wouldn't the govt be a buyer?
might not have booked revs yet b/c it still had tweaking, but "sold" in my vernacular is a buyer saying yes, we want this product installed.
maybe "sold" isn't as accurate as it could be... tire kicking? test-driving? evaluating?
i dunno - it seems pretty damn encouraging to me b/c i never had the oppty to see that govt vendor list & now i've seen w/my own eyes that Wave *is* in fact working w/DOD on secure docs project.
SPIN
Wave sold/installed products to DOD recently
to create "a digital signing application for Adobe PDF files"
http://jitc.fhu.disa.mil/pki/vendor/wave_systems_smart_signature.html
pre-Cubic deal -- has this been discussed?
SPIN
PS why no PR on this?!? seems sorta huge IMO.
Emergency, Intel will use software of Wave Systems on next PC
Of Elinor Mills Abreu
SAINT FRANCISCO (Reuters) - Wave Systems has announced that Intel will use its software on the next products, confirming the strategy of the company protect the digital content them from the illegal copies.
According to the agreement, Intel it will use the software of Wave in the next card inner mother -- that it contains chip and other circuits uses in order to make you to work the PC.
The financial terms of the agreement have not been rendered famous.
Intel will introduce the new card mother, designed for the desktop, in the fourth trimester, has said the megaphone of Intel, Laura Anderson.
Wave will receive royalties for every card sold mother, has said the megaphone of the company John Callahan.
Computer equips you of chip and emergency software will concur ulterior levels of protection of the PC.
The customers of the Windows software will be able criptare the own ones give to you, to store them in a protected zone of the hard disk and "to sign" in digital them the electronic communications in order to confirm of the origin, Callahan has said.
http://it.news.yahoo.com/030801/58/2e56x.html
-------------------------------
http://www.tallan.com/clients/wave_profile.shtml
Industry
Internet Services
Project
e-Commerce/e-Markets
Company Profile
Wave Systems, headquartered in Lee, Mass., is a leading designer and developer of platforms, infrastructure and services that enable secure digital exchange and commerce via the Internet. The company was founded with the goal of building a worldwide network of users based on trusted electronic relationships. Wave Systems designed a new architectural model for the Internet, called EMBASSY Trust, to embed trust and security in user devices. Wave Systems is also developing, deploying and licensing its EMBASSY Trust Client technology. This technology will integrate industry standard functions to allow reliable, secure digital exchange and commerce over the Internet. At its core, Wave Systems is building the services, and enabling third parties to build services utilizing this new, open, EMBASSY Trust model.
Situation
Recently, Wave Systems developed a number of international business ventures based on EMBASSY Trust System. Wave Systems needed an enhanced digital rights system to aid in the expansion of the company's capabilities to support multiple currencies, languages and countries. The Tallán development team enhanced the Wave Commerce back office system for clearing transactions so that it can now support multiple currencies, taxes, languages and countries for the individual user devices. Tallán's project team focused on providing these worldwide, cross-border capabilities to accommodate Wave Systems' expanded international ventures.
Solution
Tallán began development of a digital rights management system designed to store consumer information and allow customers to purchase content similar to a standard e-commerce system. The primary difference is that instead of selling physical products, the new system sells "keys" that allow users to rent software. In addition, it has the ability to anonymously validate users as members of third party groups such as trade organizations. This allows individual users to benefit from group discounts. The system incorporates enhanced order entry, order processing, database integration, and customer service capabilities, designed to support the company's future growth needs.
Wave customers, licensees, and content distribution partners will all benefit from this new worldwide-capable back office system. The enhancements include advanced functions aimed at the Wave Commerce Systems' customer service representatives and system administrators, and its publishing partners, service partners and customers.
Result
The EMBASSY Trust System now supports multiple currencies, languages and countries for the individual user devices; a core component of Wave's international expansion plans. The systems designed and implemented by Tallán provide Wave Systems with a competitive advantage. As stated by the President and CEO of Wave Systems, Steven Sprague, "We believe the power of our offerings to the marketplace is in our complete global capabilities, including trust infrastructure, back office and services, which sets us apart from any competitor." Additionally, the implementation of a J2EE-compliant architecture allows Wave Systems to scale to handle large volumes of transactions at low cost without tying Wave to a particular hardware or database solution. This gives Wave the flexibility to choose their own migration path as their business expands.
-------------------------------
EMBASSY for sale in Deutschland:
http://www.treiber.de/suche/einzel-geraete.asp?hid=1552&oid=2
-------------------------------
Wave was "on site" @ USDOD recently to create "a digital signing application for Adobe PDF files" (why no PR?!?)
http://jitc.fhu.disa.mil/pki/vendor/wave_systems_smart_signature.html
-------------------------------
For the engineers:
http://www.wavesystems.com/WTS51_v4.54_010712.doc
-------------------------------
French WAVX & HP slides
http://www.ri.silicomp.fr/i-commerce/sld110.htm
-------------------------------
amused,
SPIN
PS Snack - the anchor page's reference to TCG omits AMD...
AMD ekes slight gain against Intel
By John G. Spooner and Michael Kanellos
CNET News.com
August 3, 2003, 9:00 PM PT
Chipmaker Advanced Micro Devices gained a pinch of market share year over year against rival Intel in a market that seems to be improving.
Sunnyvale, Calif.-based AMD saw its market share in the second quarter of 2003 inch up to 15.7 percent, a tenth-of-a-point increase from its market share of 15.6 percent in the same period a year ago, according to statistics compiled by Mercury Research.
Intel, meanwhile, saw its market share slip to 82.5 percent in the second quarter, from 82.8 percent in the same period the year before. Other manufacturers, a grouping that includes Transmeta, increased their collective market share from 1.7 percent to 1.8 percent.
The big news for the quarter, however, is that the processor market appears to be on the rebound.
Microprocessor shipments were actually slightly below the norm in the second quarter. (PC shipments rose in the quarter, but sometimes the two markets aren't synchronized because of inventory overhand and shipment schedules). But a record number of portable components was shipped. Notebook chips sell for more than their desktop counterparts and are generally more profitable. Overall shipments are also rising.
"There's a lot of evidence that the third and fourth quarters are both going to be growth quarters as they normally are, seasonally, and pretty good growth quarters at that," said Dean McCarron, principal analyst at Mercury. "The other thing that was very apparent was that the second was a record quarter for portable component shipments.
"Mobile was the bright spot in a not-so-bright quarter," McCarron added. "It's not necessarily a slam dunk, but someone who's looking for a system for basic utility--a lot of them are choosing the notebook versus a desktop."
Although AMD made slight gains in the quarter, they don't provide much in the way of laurels to rest on. For one thing, the second quarter of 2002 was a terrible time for AMD. The company was in the midst of a price war with Intel and trying to burn off excess inventory. Intel gained six points of market share over the same period in 2001. As a result, AMD had an easy benchmark to beat this quarter.
AMD also didn't fare well sequentially. The company's market share fell nine-tenths of a percentage point from the first quarter, dropping from 16.6 percent to 15.7 percent. By contrast, Intel saw its market share increase from 81.7 percent in the first quarter to 82.5 percent.
"If you look at what has happened with AMD over the last couple of quarters, it was clear in Q1 that it did good business in China and that that business probably wasn't sustainable. They may have lost a little bit of that," McCarron said. "But typically you have a seasonal decline in Q2 and neither vendor really departed that decline."
The competition between the two companies will shift into high gear over the remainder of the year. On Sept. 23, AMD will release the Athlon64, a new desktop chip that can run 32-bit and 64-bit software.
Intel will then follow with Prescott, the successor to the Pentium 4. The chip will feature new instructions for better multimedia processing and a large cache for additional performance.
Mercury's numbers include so-called x86 processors shipped for inclusion in desktops, notebooks, servers and Xboxes. Microsoft incorporates Intel processors into its Xbox gaming console.
http://zdnet.com.com/2100-1103_2-5059231.html?tag=fdfeed
SPIN
AMD & WAVX - Trusted Computing?
I'm a former AMD s/h & current WAVX s/h. AMD announced a partnership for MB reference designs incorporating Wave's EMBASSY/Trusted Client specs into future MBs. I know AMD doesn't produce MBs and am wondering in light of last week's announcement w/Intel-WAVX whether there's anyone here who might have some knowledge on the subject.
Wave Systems is also a founding member of the Trusted Computing Group w/AMD (& was an early member of the TCPA predecessor). The deal was announced 3 years ago & nottaword since?!?
I noticed the thread re: The Inquirer. Mike Magee reported in the Spring that AMD would be releasing Trusted Computing products featuring Wave's TPM functionality, but there hasn't been a peep from Sunnyvale on the subject...
Anyone know of developments related to this initiative? I would think AMD has something up its sleeve, especially in light of the attention that WAVX received last week from the Intel announcement. There's also no mention of AMD in the Reuters article (below) which discusses every TCG member except AMD.
Any info would be appreciated.
tia,
SPIN
------------------------------------------
AMD AND WAVE SYSTEMS TO ENABLE ADVANCED SECURITY FEATURES FOR COMMERCIAL AND CONSUMER COMPUTING
SUNNYVALE, CA-MARCH 27, 2000-AMD, a leading supplier of integrated circuits for personal and networked computers, and Wave Systems Corp., a provider of electronic commerce, content distribution and security services, today announced an alliance to integrate new security functions for commercial and consumer computing. These advanced functions will enable personal computers and emerging information access devices to assume a key new role for secure delivery of content such as music and video, as well as a full range of e-commerce transactions. Users will have a stronger set of tools to protect the privacy of their sensitive information such as electronic identity and credit card numbers. For the content industry, this will provide a major step forward to implement new distribution and buying models while providing protection of the intellectual property of artists, authors, and performers. For the corporate world, key new content protection features will provide enhanced security for documents as well as enable secure options for remote access, business to business virtual networks, and authenticated network logon.
"To participate fully in the next generation of e-commerce, personal computers and information access devices must provide a secure environment that protects digital Internet content delivered to both the home and office," said David Somo, AMD's Vice President of Marketing, Computation Products Group. "As a result, systems manufacturers must add important new functions for security and privacy to their platforms. With this agreement, AMD is taking a leadership role in delivering key technologies to enable the growth of digital content and e-commerce."
AMD and Wave Systems will work jointly to incorporate Wave's Trusted Client architecture as a core component of PC motherboards and other platforms. This will add new functionality including new user privacy options, distributed e-commerce and transaction capability, and a programmable security hardware infrastructure. The extended functionality will be based on an evolving standard for PC platform security being created by the Trusted Computing Platform Alliance (TCPA). Both AMD and Wave Systems participate in the TCPA, which is an industry alliance focused on hardware and software specifications to enhance security and trust of the PC platform. Over the past year, Wave has been working with many of the important industry leaders to develop an open industry standard referred to as the Embedded Security Application System (EMBASSY) based on Trusted Client architecture.
"We are committed to using the TCPA specification as a building block for an open programmable Trusted Client Architecture as we move forward," states Gregory Kazmierczak, Vice President, Technology, Wave Systems Corp.. "The EMBASSY System is a robust platform capable of flexibly supporting a wide range of security and privacy standards as they evolve. Wave is shipping versions of their Trusted Client Architecture in peripheral devices, but believes that ultimately this functionality should be a fully integrated component of computing platforms. AMD plays a pivotal role in bringing this functionality to home and business computing."
After successfully integrating the security functions, AMD will include this new functionality into some commercial and consumer motherboard reference designs - AMD's "blueprint" for PC motherboards given to PC manufacturers. These future AMD reference designs will include specifications on how and where Trusted Client technology can be integrated into PC motherboards in an effort to standardize and deploy Trusted Client technology as an open systems specification.
The extended set of capabilities enabled by the Trusted Client architecture are aimed at delivering a wide range of new content and services to users. By using any high speed network and Wave's Trusted Client Architecture, consumers can take advantage of a number of new distribution and buying models for content including rent to own, pay-per-view, as well as free trials of full function software, games, music, and videos. Businesses will benefit from enhanced security in the use of emerging net-based tools such as ASP (Application Service Provider) software delivery.
"Today's announcement is a very important step in Wave's strategy to deploy a network of Trusted Client devices," said Steven Sprague, CEO, President and COO, Wave Systems Corp. "By including Wave's Trusted Client architecture as the basis of security in the PC motherboard reference design, AMD is incorporating a fundamental building block of future PCs and information access devices. I'm very confident in our ability to work together to evolve these devices into a central point of trust and transaction in the digital economy."
Additional information and a white paper on the EMBASSY "trusted client" are available at http://www.wave.com.
About AMD
AMD is a global supplier of integrated circuits for the personal and networked computer and communications markets. AMD produces processors, flash memories and products for communications and networking applications. AMD processors, including the AMD-K6®-2 and AMD Athlon® product families, power computers manufactured by nine of the Top 10 computer manufacturers worldwide. AMD's mobile processors are used in more than 50 percent of notebook computers sold in the retail market to consumers and small businesses. Founded in 1969 and based in Sunnyvale, California, AMD had revenues of $2.9 billion in 1999. (NYSE: AMD).
About Wave Systems Corp
Founded in 1988, the mission of Wave Systems Corp. is to create the world's best technologies and services to secure and sell digital information. With the recently completed acquisition of N*Able Technologies, Wave now has a comprehensive line of trusted client co-processor systems. Wave's technology is an inexpensive, open standards, hardware and software-based device that enables secure transaction processing and distributed information metering in users' PCs. Embedded in PC hardware and peripherals, set-top boxes and other devices, Wave's trusted client technology is the foundation for client-based security applications and a new distribution and purchasing model for content and services. This low-cost, secure "system within a system" will enable the personal computer to assume an important new role in the evolving digital economy. By moving secure transactions to the desktop, Wave provides intrinsic value to the electronic commerce process, benefiting PC users, application developers, and hardware manufacturers. For more information, please visit Wave's corporate web site at http://www.wave.com
------------------------------------------
Security underdog Wave Systems wins Intel pact
By Elinor Mills Abreu
SAN FRANCISCO, July 31 (Reuters) - Wave Systems Corp. on Thursday said Intel Corp. will use its software in future products, endorsing the company's novel way of securing digital content against theft and unauthorized copying.
Wave <WAVX.O> shares rocketed 167 percent, or $1.41, to close at $2.25 on the news.
Under the agreement, Santa Clara, California-based Intel <INTC.O> will embed Wave's software in a future Intel motherboard -- the internal chassis that holds the chips and other circuitry used to run personal computers.
Financial terms were not disclosed.
Intel will introduce the new motherboard, designed for use in desktop business PCs, in the fourth quarter, said Intel spokeswoman Laura Anderson.
Wave will receive royalties on each motherboard sold, company spokesman John Callahan said.
Computers containing the embedded security chip and software will provide added levels of security. Windows software users will be able to encrypt their data, store it in a secure "vault" area of the hard drive and digitally "sign" electronic communications to confirm the authorship and origin, Callahan said.
SECURE, OR "TRUSTED," COMPUTING
The deal promises to accelerate the market for so-called "trusted computing," an industry-backed concept for protecting PCs from attackers or prying eyes. The technique relies on embedding security features into the chips that are at the core of data processing.
The concept was launched in 1999 by Trusted Computing Platform Alliance -- now known as the Trusted Computing Group -- consisting of Intel, Microsoft Corp. <MSFT.O>, International Business Machines Corp. <IBM.N> and Hewlett-Packard Co. <HPQ.N>. Scores of other tech companies have since joined the group.
The effort was met with resistance by cyber privacy and free speech advocates who complained that the system would be used not only to keep malicious hackers out, but to monitor, and eventually charge for, music, movies and even software consumers use.
Both Intel and Wave said their agreement has nothing to do with so-called "digital rights management," although Callahan said the Lee, Massachusetts-based Wave does sell products for that purpose.
Wave said it also has deals with National Semiconductor Corp. <NSM.N> and Infineon Technologies AG <IFXGn.DE> of Germany to bundle Wave's security software into a specialized chip.
The deals are a huge win for Wave, which has been "plugging away" on security products for the past five years or so after trying to sell wireless handheld devices before that market was fully ready, said Callahan.
Wave has illustrious backers. It was founded in 1988 by Peter Sprague, a former chairman at National Semiconductor whose son, Steven, is Wave's president and chief executive.
Wave's board of directors includes such luminaries as high-tech futurist George Gilder and Silicon pioneer Nolan Bushnell, who founded gamemaker Atari.
Shares of Intel rose 40 cents, or 1.6 percent, to close at $24.89 on Nasdaq.
(With additional reporting by Eric Auchard in New York.)
07/31/03 18:25 ET
Thompson's coverage only includes 1/3 of volume.
i don't see how anyone can find the data provided to be an accurate description of anything other than the super buy & super sell interest & even that only encompasses a fraction.
SPIN
PS JL no brown huh? i am still like an abused dog - when the market was just about to pet my head i almost cowered & dumped the whole position. i *really* do owe some people here for their posted views b/c it staved off my doubt just long enough - ergo, lucked into it.
whoa!
was that a joke valjean?!?
"(I feel like Chris Farley with all of these quotation marks.)"
there has been a sea change!
SPIN
couldawouldashouldas
my complaints about management have been consistent whether the stock was on OTCBB or NAZ, whether $10 or $2 (or even in the $30-50 range).
the only "bashing" i woulda done woulda been to SPIN.
i saw the INTC demo news in early April & N4's Ohm Intel Namah has been ringing in my melon ever since. The broader trusted computing market has been building for years AND yes, one must attribute much of that to Sprague's evangelicizing.
There's a thread w/Alea where I acknowledged the inherent value of the $250Mil spent . It is true that Wave has positioned themselves for a market they played an enormous role in developing & as i believe barge said, SKS is "Mister Trusted Computing."
it seemed so possible & there was a volume rush... i might be stoopid, but i ain't no idjit!
fact of the matter is that i am "in."
SPIN
PS my objections will remain if the stock is $500 & fundamental reform hasn't been undertaken.
The biggies:
1. NO non-performance based exec comp. of *any* kind (except base salary). Which also includes option stike prices near 52 week highs NOT lows.
2. staggered BofD seats (would like to see 1 longtime long on BofD - institutions would accept it if the s/h had a solid C.V.)
3. responsible disclosure of material info (adherence to reg FD).
4.no more loans, private subsidiaries, Founders' Shares, family biz mentality, etc. (Fiduciary Responsibility).
5. no more prediction-type PRs.
6. Peter pays back the loan!
7. keep swinging for the de facto web "apps on tap" o/s fences.
8. dump the juggler.
9. Feeney pays back the loan!
10. Lose all the non-performance related crap - e.g., Manhattan apartment, etc.
11. report results/filings earlier so the #s actually mean something when released.
12. no more dilution in desperation (even if that meant selling Sexpress, which is an asset i definitely like owning a piece of btw).
13. meaningful insider buying NOT selling.
those are my big objections - the Street would likely respond well to most, if not all, of these changes.
AND if Spragues become billionaires from their 14 years of effort that is 100% cool IMO -- as long as they don't do it on the s/h backs.
taking it as it comes...
did McFadden's INTC 1973-2003 figgers prompt visions of dancing barges?
uhhhhhh yeah.
but i'll stay w/it as long as it makes sense & that might be for the rest of my life!
it might also mean 5 months or 5 days or 5 years...
as long as it makes sense bro.
right now, it makes a ton of sense.
just lucky to be here,
SPIN
PS MMB - thanks for the Barrons scan.
less than a month ago...
got lucky w/that last heavy volume push (well, considering the last two sessions it was mere drip-drip-drip). i thought it might be a harbinger & i was only looking for 20-30% on a swing trade.
anyway, lucked in @ $.94.
stock gods were smiling or something that day.
SPIN
wavx = highest volume after hours
$3.80 on >500K shares
stock price net chg
WAVX 3.800 1.550
QQQ 31.450 -0.350
CSCO 19.190 -0.300
INTC 25.000 0.110
SUNW 3.770 0.010
http://www.island.com/
SPIN
barge as oracle
if your theories are realized, it'll be one amazing feat of prescience.
i will owe you & many others here for indirectly showing me the err of my Spinical ways. The INTC news was the first PR that really linked your theory to some non-wave reality & i think a micro-OS of the web is now quite possible.
iHub Matt says:
http://www.investorshub.com/boards/read_msg.asp?message_id=1275354
12.5 hours from now... should be very interesting up or down.
if i had a bat-phone to the Commissioner in Lee & they have anything substantive to release, 9am manana'd be the time.
sometimes it's fun being so wrong!
SPIN
PS for real - THANK YOU.
PPS i look fwd to reading some of those oldies - yer always a worthy adversary.
news search from last 30 days.
includes some stuff already posted (i cut the really repetitive stuff).
WIRELESS DATA NEWS
July 16, 2003
SECTION: Vol. 11, No. 14
LENGTH: 651 words
HEADLINE:
WDN's Executive Decisions
BODY:
HWG Adds Clout In Mexico
If you're adding a telecom law affiliate in Mexico, you can't reach much
higher on the experience and stature scale than the Harris Wiltshire & Grannis
firm's recent move. Washington, D.C.-based HWG entered into an affiliation
agreement with Carlos Casasus, who from 1996 to 1998 was the first chairman of
COFETEL (Comision Federal de Telecomunicaciones), Mexico's mirror agency to the
Federal Communications Commission.
Casasus also is CEO of Corporacion Universitaria Para El Desarrollo de
Internet A.C., a non-profit in charge of Mexico's Internet2 Project. He will
provide telecom regulatory advice to HWG clients in Mexico. HWG--with operators
AT&T Wireless Services and T-Mobile, and technology providers Microsoft, Cisco,
Intel and Hewlett Packard among its clients--will provide advice on U.S. telecom
law to the clients of Telecomunicaciones y Educacion Interactiva, the consulting
firm Casasus heads in Mexico City.
Casasus also has served as undersecretary for Communications and
Technological Development in Mexico's Ministry of Communications and
Transportation and on the Planning Committee for the Development of Mexico City.
Previously in the private sector, Casasus was CFO of Mexico's largest telecom
operator, Telefonos de Mexico, and he taught business policy at the Instituto
Tecnologico Autonomo de Mexico.
Centennial's New Caribbean Chief
Centennial Communications' [Nasdaq: CYCL] John A. de Armas moves from
near-paradise to paradise with his transfer from Centennial's Coral Gables
Operations in Miami to being president of its Caribbean operations. De Armas
joined Centennial in February 2002 as president of Centennial Dominicana, and he
moved to executive vice president of its Caribbean operations, in October.
Centennial's wireless operations cover some 17.1 million people in its
U.S. and Caribbean markets, and it serves nearly 930,000 actual subscribers. Its
Caribbean integrated communications operation owns and operates wireless
licenses for markets with approximately 11.1 million people in Puerto Rico, the
Dominican Republic and the U.S. Virgin Islands, and provides voice, data, video
and Internet services on broadband networks in the region. Welsh, Carson
Anderson & Stowe and an affiliate of the Blackstone Group are Centennial's
controlling shareholders.
De Armas previously was president of Home Shopping Network's Home
Shopping Espanol division, where he developed and launched markets in Mexico,
Puerto Rico and the top 20 U.S. Hispanic markets to reach an audience of more
than 40 million.
Upaid Goes For R&D Experience
Mobile payment authentication and authorization service provider Upaid
named wireless R&D veteran Pat Nunally to head its new business unit for
Intellectual Property as senior vice president, patents and intellectual
property.
Paris-based Upaid, founded in 1998 to provide prepaid telephony
technology, offers a service that solves the connectivity problem banks,
operators, merchants and card associations face when seeking to offer wide-scale
mobile payment and roaming services to their customers. Its proprietary
technology enables multiple parties to plug into its centrally hosted
authentication and service delivery centers to offer customers mobile payments
and roaming.
Nunally has 20 years experience in wireless and intellectual property
development, including leading IBM's wireless patents portfolio development, and
directing the development of wireless and transaction processing technologies
for multiple companies. He co-founded and was executive vice president of
engineering for Wave Interactive Networks (now Wave Systems), and he also served
as CEO of Gruppe Telekom, which was acquired by Philips.
New Media Age July 24, 2003
Copyright 2003 Centaur Communications Ltd.
New Media Age
July 24, 2003
SECTION: Pg. 18
LENGTH: 1459 words
HEADLINE: PROFILE GEORGE POLK: One for the road
BYLINE: Polk,G; Managing director The Cloud
BODY:
After years of searching, George Polk of The Cloud believes he's finally found a winning wireless concept. And it could soon be coming to a pub near you. Profile Justin Pearse.
What do yachtsmen, travelling salesmen from Northampton and the man leaning against the bar in your local pub have in common? They're all targets of George Polk's vision to bring Wi-Fi Web access to every corner of the UK.
Polk is wirelessly enabling everywhere, from pubs to marinas, enabling visitors to sit down, open their laptop or PDA and get surfing without a cable or modem in sight.
With The Cloud, part of gaming machine giant Leisure Link, Polk is creating the first truly nationwide Wi-Fi wholesale network, on top of which service providers like BT and the mobile operators will offer branded consumer services. The huge real estate available to Polk, through the vast number of pubs that have Leisure Link machines installed, forms the bedrock of this network. BT Openzone is the first service provider to sign up; commercial services launched last week. The Cloud has already installed 1,500 sites and is opening new ones at the rate of 200 a week.
All of which is a long way from studying ancient Mongolian history at Harvard. But Polk has been searching for the perfect wireless business for years. Now he's convinced he's found it. And he's excited. Understandably, as Wi-Fi is without a doubt one of the hottest areas in the wireless world today.
Wi-Fi (wireless fidelity) is shorthand for a wireless local-area network, which provides Internet connections up to 10 times faster than a standard dial-up at a range of about 300 feet. Sounds great, but surely your local pub isn't a natural habitat for Web surfers?
It's a question Polk is getting used to and immediately fires back his own: "If you were a travelling salesman in Northampton with a spare half an hour between meetings, where would you go to access the Web?"
It's a good point and suddenly the pub is looking like a pretty good bet.
"I've tested it and it's really not such a surprising thing to people in the pub," says Polk. He turns the question on its head by pointing out that when you become a Wi-Fi user you travel to the nearest Wi-Fi location to use it, rather than suddenly logging on simply because you find yourself in a hotspot.
"Whether people become wireless LAN users in the first place is the bigger question," he says. "If they do, they'll be happy to go wherever you can use it. When they become used to it, it's very irritating not to have it."
You can tell Polk's thought about this. But then thinking is something he does a lot of. Indeed, for a good part of his career he's been thinking about and searching for the best way to apply wireless broadband technology to a compelling consumer business.
A watchful eye
His first, slightly unusual, exposure to wireless took the form of a company dedicated to electronic monitoring of criminals placed under house arrest, developing a radio frequency monitoring system to tell whether someone was at home.
"The idea was to take people out of the prison system and get them back into the community," explains Polk. "To be successful we had to change the way the criminal justice system thought about punishment. I spent four and a half years travelling around the US spending a lot of time with a lot of bizarre but very interesting people."
This was then sold to a company called Detection Systems, after which Polk took off for a year in Central and South America, becoming a UN election observer in El Salvador along the way. He still devotes a large proportion of his time to voluntary work. "I come from an old politically involved family in the US - there's a president in my family and my father worked in the White House under President Kennedy - so there's a tradition of public service."
Returning from South America, Polk joined a friend's telecommunications company, Geotek. "He was trying to develop a new cellular technology, the equivalent of GSM, from scratch and at the same time trying to buy radio licences in the US to become a nationwide cellular operator. Just one of those tasks would be too much for one company to do, so it was extremely exciting."
Ambition proved too much for the firm and Polk got out a year before it went bankrupt.
"It was a large experiment for its day," he says. "We raised and spent $800m GBP 501m . It was a fascinating learning experience and it got me very interested in wireless data."
He then spent a year thinking about and looking at different opportunities to build a wireless broadband company. "I had capital to do things but I couldn't find an interesting business. Having had the Geotek experience I was very sensitive to the problems of bringing a new technology to market."
Having failed in his hunt, Polk spent two years at Global Wireless Holdings, funded by the Sorus organisation, which builds wireless businesses in emerging markets.
"Then I spent a very happy year thinking about wireless broadband and doing a lot of non-profit activities before becoming entrepreneur in residence at iGabriel, where I became a little more structured in my quest to find a business I thought made some sense."
Propitiously, this is when he was approached by Leisure Link. The company had come up with the concept of utilising its real estate by adding Wi-Fi to give extra value to existing customers.
"In my view this was very unlikely to work," says Polk. "So we came up with the idea of a neutral network you could bring branded service providers into - the people with existing customers and strong brands."
The model is simple. The user subscribes to the service via a service provider like BT and the revenues are then shared between it, the hotspot owner and The Cloud.
Of course, there are others eyeing the UK's potential Wi-Fi real estate, not least T-Mobile and BT itself. "But the problem is that players like this only provide their own branded service, and hotspot owners don't want to restrict their venue to one service. So we have a pretty compelling proposition against them," claims Polk.
Another big difference, he says, is that The Cloud, compared to a company like BT, doesn't buy sites. The site owner has to make an investment to deploy the equipment.
"It's very important that the hotspot owners have some investment in making this a success, because in the end it's they that have to promote the service," he says.
Fighting the competition
This argument that potential competitors such as BT and the mobile operators would do better, both for themselves and hotspot owners, to run services over a neutral network such as The Cloud does make a lot of sense. However, surely there's another threat to Wi-Fi networks in the form of 3G - high, if not as high, wireless bandwidth that's not tied to a particular hotspot.
"The problem is that no one really knows when 3G is going to work," says Polk. "There's nothing surprising about that to me, having been through the Geotek experience. It takes a long time to learn how radio technologies behave. 3G worked in the lab a few years ago. Now you see the first deployments, and if you're in the optimal situation and it's a good day it works. But not very well. I was with the head of one of the carriers the other day and he said he saw 3G as a 2005 product."
It's this timescale that Polk sees as the window of opportunity for Wi- Fi to establish a foothold in the UK. "You'll have a large installed base of Wi-Fi users by 2005 and to migrate these people to 3G it would have to have coverage everywhere. It'll probably be 2007 before you have coverage everywhere. I think it's unlikely that either will end up stealing each other's market."
Whatever the outcome, Polk is adamant he's found the winning wireless broadband concept. So next time you fancy a pint but find all the tables in your local covered in laptops, you'll know who to blame.
CURRICULUM VITAE
Name: George Polk
Title: MD, The Cloud
Age: 40
Education: 1981-86: AB in History with honours, Harvard University, US.
Career: 1986-87: financial analyst, mergers & acquisitions, Merrill Lynch Capital Markets, New York; 1987-88: assistant to the chairman, Merrill Lynch Capital Markets; 1988-90: co-founder and VP of corporate development, Wave Systems Corporation; 1990-93: founder and president, EP Systems Corporation; 1994-95: VP of business development, Geotek Communications; 1995-97: senior VP of international networks, Geotek; 1997-98: recovery consultant, Geotek; 1998-2000: president for Latin America, Global Wireless Holdings; 2000-02: entrepreneur-in-residence, iGabriel; 2002-present: MD, The Cloud.
HEADLINE: Wave Systems Continues Meteoric Rise
DATELINE: Boston
BODY:
Shares of Wave Systems (WAVX) are once again among the most actively traded issues in the pre-market this morning. Mostly small retail orders are driving the issue still higher ahead of the open following a remarkable 167% gain recorded in Thursday's regular session.
WAVX is active on all the major ECNs this morning.
http://www.midnighttrader.com
July 31, 2003 Thursday
LENGTH: 161 words
HEADLINE: Wave Systems Recording Aggressive Upside on Cubic Collaboration
DATELINE: Boston
BODY:
Wave Systems (WAVX) is recording aggressive upside movement on Instinet today, rising 49% on 51,380 shares.
The company announced with Cubic Defense Applications, the defense segment of Cubic Corp. (CUB), a strategic partnership where Cubic will integrate Wave's EMBASSY technologies into a new line of versatile smart card readers. The readers will be offered in several form factors, such as standalone Universal Serial Bus (USB) devices, trusted computer keyboards, and proximity door access devices.
The companies said the secure devices will satisfy the new requirements of several U.S. government agencies, including the Department of Homeland Security and General Services Administration, and will be offered to the intelligence community as part of a new trusted Infrastructure concept addressing multilevel security solutions. The devices may be used for both physical and logical access.
http://www.midnighttrader.com
HEADLINE: Wave Systems surges on hook-up w/ Intel
DATELINE: NEW YORK
BODY:
- Wave Systems' shares rallied more than 20 percent to $2.72 on strong, early volume of 4.3 million. The company got a lift from news that it has agreed to work with Dow component Intel on the development and deployment of computer security applications. The deal calls for Intel to bundle Wave Systems' software and services with a future Intel desktop motherboard targeted for 'trusted computing platforms.' Intel shares tacked on 2 cents to $24.91.
This story was supplied by CBSMarketWatch. For further information see www.cbsmarketwatch.com.
For more information and to contact AFX: www.afxnews.com and
www.afxpress.com
HEADLINE: Reporting season breaks for the weekend - UPDATE 2
DATELINE: SAN FRANCISCO
BODY:
- Shares of Wave Systems rivaled some of the biggest names in technology in after-hours trading late Friday, and they continued to move higher.
Wave Systems' stock has soared in the last two days after the developer of computer security technology agreed to work with Dow component Intel on the development and deployment of computer security applications.
The company's shares rose $2.63 to a 52-week high of $5.04 in midday trading Friday and closed with a 62 percent gain, at $3.64.
Wave Systems' stock rose 10 cents, or 2.7 percent, in late trading, to $3.75.
HEADLINE: Reporting season breaks for the weekend
BYLINE: Carolyn Pritchard, CBS MarketWatch.com; mailto:cpritchard@marketwatch.com; Carolyn Pritchard is a reporter for CBS.MarketWatch.com in San Francisco.
BODY:
SAN FRANCISCO (CBS.MW) -- Shares of Wave Systems rivaled some of the biggest names in technology in after-hours trading late Friday, and they continued to move higher.
Wave Systems' (WAVX) stock has soared in the last two days after the developer of computer security technology agreed to work with Dow component Intel (INTC) on the development and deployment of computer security applications.
The company's shares rose $2.63 to a 52-week high of $5.04 in midday trading Friday and closed with a 62 percent gain, at $3.64.
Wave Systems' stock rose 10 cents, or 2.7 percent, in late trading, to $3.75.
HEADLINE: Update: Wave To Provide Security Tech For Intel Mobos;
Wave Systems will provide security software for Intel motherboards, as part of a deal the companies signed Thursday.
BYLINE: Mark Hachman, Mark_Hachman@ziffdavis.com
BODY:
The deal does not appear to commit Wave to selling Intel actual TCPA-compliant modules for its boards, however. The Tructed Computing Platform Alliance, later renamed the Trusted Computing Group, has designed specifications for a semiconductor which serves as an encryption-decryption module for security applications.
A spokeswoman for Intel said the software will accompany a single motherboard released later this year for the busines market. No additional details were avaialable, she said. "Wave believes that a portfolio of services will make trusted computing an important part of the personal computing market going forward," said Brian Berger, senior vice president, Global Business Development, Wave Systems, in a statement. "It is our job, to work with industry leaders like Intel, to help identify and develop those services that will bring the most value to the enterprise - as trusted hardware is deployed and a more secure computing environment becomes a reality."
The trusted modules are generally considered to be the first step along the road to the Next Generation Secure Computing Base (NGSCB), the Microsoft initiative formerly known as Palladium. NGSCB would use a "nexus", a form of OS kernel, in conjunction with a hardware component to encrypt and decrypt data within a PC.
Since the Intel-Wave deal does not specifically include Wave's modules, the implication is that Intel will either develop modules itself or jump straight to LaGrande, a comparable security technology that will be built into the Prescott processor. The deal calls for Intel to use Wave's Embassy trusted computing software.
Intel executives have said that LaGrande will be simply enabled in the first Prescott chips, and not necessarily turned on. NGSCB, meanwhile, is officially a part of Microsoft's Longhorn operating system. A client version of Longhorn is due in 2005 or later; a version of Windows server running the Longhorn code base is due in 2006.
"Wave helps fill a critical requirement for trusted computing services," said Michelle Johnston, acting director of marketing for Intel Desktop Board Operations, in a statement. "We believe the Embassy Trust Suite software will provide good value for our customers looking for trusted computing applications."
Executives at both Intel and Wave did not return calls for comment by press time.
HEADLINE: StreetInsider.com Inc
StreetInsider.com's August stock contest has started
BODY:
StreetInsider.com ( http://www.streetinsider.com) is pleased to announce that its August 2003 stock contest is underway. The prizes for this months winners will be as follows:
- 1st Place: $1000 cash
- 2nd Place: Free StreetInisder.com Premium membership
- 3rd Place: Free StreetInisder.com Premium membership
"We are looking forward to a very successful August stock contest," said President/CEO Lon Juricic. "With the markets showing signs of life, investors have renewed interest in the equity markets. Our stock contest not only provides investors an opportunity to win prizes, but allows them to practice their investment skills in a simulated environment without the risk of loss.
StreetInsider.com's stock contest is free to join. The August contest starts on 08/01/03 and ends 08/31/03. Members can join the contest any time before the end of August. Members start with a fantasy portfolio worth $100,000 and can trade stocks as often as they like to win prizes or to touch-up on their investment skills.
Today's Moves of Note:
- Wave Systems (NASDAQ: WAVX) is up another 30% this morning, on the heels of a large gain yesterday, after the company announced an agreement with Intel (NASDAQ: INTC) that will help enable both companies to accelerate the development and deployment of trusted applications and services for safer computing on personal computer platforms.
SHOW: NIGHTLY BUSINESS REPORT (NBR 6:30 pm ET)
July 31, 2003 Thursday
Transcript # 073100cb.118
SECTION: BUSINESS
LENGTH: 4060 words
HEADLINE: Nightly Business Report
GUESTS: Ethan Harris, Lionel Barber
BYLINE: Paul Kangas, Susie Gharib
BODY:
Wave Systems Corp. Class A (WAVX) stock moved up $1.41, a mere gain of almost 168 percent. And the news? The company has entered into a development pact with none other than Intel. Keeping pretty good company, apparently, is what investors saw.
SPIN
PS CPA - apology appreciated & accepted.
huh... the pebble's ripples remain.
Barron's mighta just had the trading stats & no story (which isn't always a bad thing considering Barron's bearish slant).
my multi-year hiatus resulted in me not really knowing about you until recently.
while "rookie" might not be quite accurate (not sure how long you've been around), but nevertheless, you get rookie-of-the-year honors for the DD team & Alea gets the nod for the "insect" team.
if my westlaw student subscription is still active, i'll do a search of all US newspapers & see what shows up...
thanks again for your informative posts - consider me a fan!
SPIN
OT - thanks Omega
i am soooooo willing to play by iHub's rules & make meaningful contributions to the discoure.
but i will *not* sit idly by & be attacked or smeared, nor will i tolerate a friend being attacked, without a measured response...
if the person who posted the original snipe wants to come over to RB & play, that's fine w/me... voyeurs are welcome.
if he doesn't apologize to SILK & me, he should expect to see the subjects i raised in my deleted post, raised again @ RB.
& again
& again
& again
& again
& again
& again
& again
& again
& again
& again
& again
& again
& again
& again
& again
the rules simply have to cut BOTH ways.
thanks again,
SPIN
PS my girlfriend reads these boreds & i should be permitted to respond to such smarmy BS. Or maybe a zealous "assistant" should have been a bit more diligent in deleting the intitial post & avoided the melee altogether.
anyone have a copy of Barron's (or an on-line subscription)?
did a search of "wavx" or "wave systems" & it yielded these hits:
SUNDAY, AUGUST 3, 2003
Past 30 days: 13 Barron's Articles / 97 WSJ Articles. / 199 Newswires Articles.
Barron's (1- 10 of 13)
8/4/03 Market Watch: A Sampling of Advisory Opinion Barron's
8/4/03 Insider Transactions: Insider Transactions Barron's
8/4/03 Interview: Intellectual Property Barron's
8/4/03 International Trader - Europe: Smaller Oil
Companies Make Big Plays in North Sea
can't access the stories...
tia,
SPIN
OT re CPA
something similar will appear on RB, which is assuredly a better forum. If CPA would like to take it up w/me over "there" i'll be happy to discuss it @ length.
it ain't always easy being,
SPIN
PS yer quite welcome - prediction: he'll reap what he sows irrespective of the deleted post... he *still* has my pity.
allshore - what's a monopoly worth?!?
even a teeny monopoly of net-based trust?
waaaaaaaay more than $50mil.
way more.
SPIN
redau
i'll never be one of the *dreaded* variety - i like to stick up for the underdog & don't ever wanna be on the "evil" side of the "V."
decided recently to take the Bar in Cali... next Feb so i'll be studying my arse off starting in December. If wavx does what everyone haups b/tw now & zen, it'll be a breeze.
i'll probably practice entertainment, IP & real estate... but am working on furthering my writing career currently.
good to hear from ya - brighter daze lie ahead!
SPIN
thanks 2b - a thought.
most respected publications will correct errors in print.
i've noticed a number of these stories note that Wave is a "Portland Oregon based company."
such publications would likely run a correction in their next issue.
that would give Wave another splash of free ink...
SPIN
OM Intel Namah indeed!
N4 - i shamelessly adopted your mantra in my private moments. it was that April demo running on 3-4 different systems in a mock internet setting that piqued my interest again.
a succinct phrase that is packed w/so many meanings.
congrats to you for sticking it out despite the creeping (& totally rational) doubts.
you & many like you deserve to be richly rewarded for your Tucker-like dreams & fortitude.
barge is the one w/the verbosity of the dream that lured me back, but your one-liner is the encapsulation for all that it is & may someday be.
best,
SPIN
OT: snackman
it's fraudulent to post under a handle that someone else has used exclusively for years, especially when you are attempting to confuse the audience by virtue of the swiped ID.
if this isn't already a TOS violation, matt & his buddies should definitely consider amending the iHub policies.
why not save 'em the trouble & pick a new ID?
tia,
SPIN
PS to the person who recently sent me a private message AND used to have a pacbell.net e-mail address - i sent a reply to what i believe is your RB mail... talk soon.
nottachance
the structure of exec compensation over 14 years was grossly excessive.
your logic doesn't fly on Wall Street - only in voidland.
it's okay, but the loan was inappropriate.
if they had awarded options w/strikes @ the 52 week high, i woulda supported that b/c it is rooted in performance.
your reverse rationalization doesn't jibe.
but i *know* a lot of people are really happy right now & i'm glad to see so many w/disproportionately high %s of their portfolios in wavx (& most underwater).
my only significant differences are w/mgmt's conduct & philisophical ones w/voids who defend the conduct.
genereally speaking, voids are overall some of the nicest people on the planet (or orbiting the planet, as the case may be).
i'm happy for you BB & every other void from ham & egger to Snack for the swelling of their equity accounts balances.
i truly am happy for you & many others...
best,
SPIN
monopoly.
even a tiny monopoly.
is worth a few billion mkt cap IMO
a $2B mkt cap makes sense if they get full TCG acceptance/deployment news.
i'm excited & optimistic about the market oppty w/corporate users, less so w/consumers. but that concern is down the road.
it must be great to posses the ability to infer that Intel would put embassy functionality on next gen mbs... maybe barge's web services fantasy realizes itself & the de facto net o/s becomes reality.
fact is, i've probably taken more risk than a sane person otherwise would b/c of barge's theories more than any other.
if he *is* right, this is something like a $25-100B company some day...
bullish,
SPIN
PS if things went well balance-sheet-wise in near term (e.g. partners buy from treasury stock instead of otc) i'd love to see wavx get control of SSP & carve out a big ownership of the govt digital security market. IMO that would translate to a big piece of international biz eventually (embassy functions for major global corps - like VPNs on steroids) w/the cache of US govt imprimatur.
but Cubic systems inroads are exciting - btw, i do NOT like that 9 s/hs saw a govt vendor list @ dinner that i can't see.
do wonders for mgmt credibility too!
strangely though, he profits from inside info by *not* selling sooner (when the price was "too low").
he's gotta pay that loan back before respected analysts get some DD done or they will put his feet to the fire.
gotta end the non-performance-related bonus policy too.
NOW.
SPIN
PS staggered BofD elections would be nice too.
PPS an AMD follow-up announcement from the April '00 PR good for @ least another double IMO w/$10 being attainable.
SAM
"The first eight words you type will automatically become the subject of the post"
just some friendly advice
SPIN
PS let's get sushi... and not pay!