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awk, the hiring of these key people boils down to one person that had the vision and the knowledge of what was happening: SKS.
Some have called for his head. To me, he is the genius behind this company.
It took great vision to put this team together. SKS deserve much credit.
When SKS was talking about 5-10 NEW accounts at the last SHM, I don't think he was talking about the auto dealer, I think he was talking about NEW accounts.
I expect to see those in the first half of 2011.
And if it is GM, and the Govt. is still a big owner of the company, I believe they are privy to what GM is doing in security and maybe GM is the demo for the Govt.
I was just reading an article in the L.A. Times where the headline is: Facebook's value triples in year.
Guess what, Wave has more than tripled
This validation IS important as there were those that said the global auto dealer could opt out at the end of this year. Well, I don't think that is going to happen.
Doma, I have accepted the fact that no matter what SKS accomplishes, you and Go-Kite will never be satisfied.
There are those that complain that all Wave does is do demos. They complain they want to see dollar signs in an announcement. They complain they want a new CEO.
Let's give credit where credit is due. SKS proved his worth as a CEO with his vision, and there will be more to come, that I am sure of.
The risk in this stock is now close to zero. On going sales and maintenance. The maintenance is recurring revenues, the best kind of revenues.
Someone had to be first in the automobile space. Let's assume for a moment it is GM. Would Ford want GM to be the secure auto company in the WORLD? Or if this is Ford, would GM want Ford to be the most secure auto company in the WORLD??
Remember, SKS was talking about 5-10 major deals. This is just but one.
Congratulations to our CEO SKS and his crew. What a remarkable achievement.
Will the auto maker require their vendors to upgrade as well if they want to business with them?
TexasPlains read your PM. You have a mailbox that you can read but you can not send. eom
We did not almost double since the November 12th close because of short covering. In fact, the December 15th short numbers show an increase.
No, this move has something behind it. I am sure we will soon see what it is.
It is not being driven by momo players or traders. If it were, there would have been sell offs at the end of each day of the rise.
No, there is definitely something major behind this move, and we will see shortly, maybe as early as tomorrow or Friday. If not, sometime in early January to be be sure. JMO.
A point of information: we traded 238,740 shares in the last hour today and moved up a penny in that last hour, all though we did hit a high of $4.249 during the last hour.
Wave Receives $5.7 Million in Software License and Maintenance Orders for a Global Automaker
Initial $1.9 Million in Orders Delivered in December 2009
Lee, MA —January 5, 2010 — Wave Systems Corp. (NASDAQ:WAVX www.wave.com) today announced that it has received a series of significant license and maintenance orders for its EMBASSY® Remote Administration Server (ERAS) software for a U.S.-based automotive company for managing its worldwide employees’ laptop computers equipped with hardware-based, self-encrypting drives for the protection of sensitive customer, financial, competitive and other confidential data.
The orders were received by Wave through an OEM partner in late December and total approximately $5.7 million. On average, the orders account for tens of thousands of new licenses per year for each of the next three years, along with maintenance orders for each of the next five years. The orders include approximately $1.9 million for software licenses (and annual maintenance) delivered and invoiced at the end of 2009; approximately $2.25 million for additional software licenses (and annual maintenance) to be delivered and invoiced at the end of 2010; approximately $1.07 million for additional software licenses (and annual maintenance) to be delivered and invoiced at the end of 2011 and for annual maintenance to be invoiced at the end of 2012 and 2013, respectively. Consistent with Wave’s revenue recognition policies for licenses and maintenance, the orders are expected to be recognized as revenue over a 365-day period from the date of invoice. Non-invoiced orders are cancellable on 30 days notice to Wave.
Steven Sprague, President and CEO of Wave Systems, commented, “These orders—which are by far our largest to date for ERAS software—acknowledge the importance and value of securing mission-critical corporate data using hardware encryption.”
Wave’s EMBASSY Trusted Drive Manager client software, which works in conjunction with ERAS, comes bundled with each self-encrypting drive available through certain PC OEMs.
In addition to self-encrypting drives, ERAS can also manage Trusted Platform Modules (TPMs), widely deployed security chips that can securely authenticate users and devices. In 2009 the TPM was recognized as an international standard by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC).*
Wave Logo
There is a financial institution in the South East that is our customer?? that hasn't been named yet.
Take a look at our latest survey results as to the ending price for the year.
146 took the survey
http://investorshub.advfn.com/boards/board_survey_results.asp?board_id=17&Survey_Num=86
The hand writing is on the wall, but only about 100 of us on this board can see it clearly.
A close of $4.26 by Friday, will give us a triple for the year.
2011 should be even better.
Ramsey thanks for that. This is a good recommendation from a stand up guy.
Here comes some good volume. EOM
I agree. Finally got some trades of 3,4,5K in the last few minutes, after mostly 100,200 and 300 share trades.
Looks like 26K now offered at $4.00 eom
Would love to see an inter day announcement. That would really create some action.
wavxmaster, it looks like it is still hard to get shares. No big blocks today so far. A lot of 100 and 200 shares trades.
You said: "I hope 2011 is going to be a better for Wave".
Wave just about tripled in share price over the past 12 months. I sure hope 2011 is better too. LOL
BQ, you said: "We should do the Vegas get-together at $ 10"
February and March would be to early. We can get the best prices in the summer. LOL
How good was the forth quarter for the stock?
We closed higher EVERY week, except for the week ending 10-29 and 11-12.
The run began at $2.30 October 1st.
The market makers had to issue over 7 million shares to the institutions that had to buy the Russell index. This was done at $3.60. These shares were naked shares as the MM did not have 7 million shares in inventory.
I am sure there is some short covering going on now.
Higher lows, that's the name of the game. Very good week.
No one has mentioned this, but I was thinking that maybe the run up was due to the fact that we might finally get a bundling deal with HP. Now wouldn't that be something?
Not that I really expect it, but that could be one of the reasons for the run up, if it were to happen.
Terrific follow through yesterday from last week and today from yesterday. Very good indeed.
Having gone up $.83 in the last six days of trading and only giving up $.03 to profit taking is phenomenal to me.
We may not even give that up by the end of the day.
Posters talking about their accounts, where they are buying and selling, will be off topic. Their trading has nothing to do with Wave Systems.
This thread is not a trading thread. It is an information thread dealing with information on Wave Systems and it's partners or soon to be partners.
Therefore, from here on forward, posts that talk of buying stock for their accounts or selling stock for their accounts or waiting for pull backs to buy the stock, will be considered off topic.
This is a DD board for Wave Systems, not for traders or manipulators.
I hope all will cooperate.
Thank you
1st time I've seen a 100% buy on every indicator.
http://www.barchart.com/opinions/stocks/WAVX
Why do you wish for a pull back? You could have bought all you wanted four weeks ago at $2.30.
I would sure like to have a buck for everytime you have posted that you were buying more.
I happy for you, but you don't have to post every time you want a pull back to buy more.
It gets old, and has nothing to do with Wave.
Yes, just sit back and relax.
We went up $.55 at the high last week, in FIVE days. We have only given back $.11. Nothing goes straight up.
Everything looks terrific. Stop looking at the minute to minute price.
I don't think we are going back down to $2.30, where we were four weeks ago, but I could be wrong.
Just relax.
The stock is showing amazing resiliency that has not been seen in a long time.
I agree, we have reached a certain point in this investment. It could be that it is finally our turn.
What is happening now is very healthy. As I've said many times, nothing goes straight up or straight down. This too will pass.
We closed at $3.03 last Friday. Some profit taking is expected.