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So, let me get this straight, if we don't get a deal in the press this week, Wave is history. Is that your view?
Doma, don't forget this conference was suppose to have happen a few months ago and got delayed. The time is now however.
Mig don't agree with you. You always seem to take the negative view on things, which is your right, but I think this week will tell the World,and the street, exactly who Wave Systems is, and what it does.
Nice news flow today. I think it continues through the rest of the week.
I would guess maybe yes as I went to their website looking for financials and could not find them.
Digital Management to Present at Upcoming NSA Trusted Computing Conference and Exposition
Presentations Cover the Current State of Trusted Computing Technologies and Demonstrate the Superiority of Several Commercially Available Trusted Computing Solutions
Bethesda, MD—August 18, 2010—Digital Management, Inc. (www.digitalmanagement.com), a leading IT solutions and business strategy consulting firm, announced today that its Director of Trusted Computing Solutions, Ari Singer, and team member, Bruce Potter of Ponte Technologies, will present at the upcoming NSA Trusted Computing Conference and Exposition, to be held in Orlando, Florida. The three-day event—September 14-16—will focus on Using the High Assurance Platform® (HAP) to Create Security in a Connected World. Conference information can be found at www.ncsi.com/nsatc10/index.shtml.
Singer's presentation, A Day in Life of a Trusted Computing User and IT Administrator, highlights the practical benefits of Trusted Computing on end-user systems by combining commercially available products and open source technologies from various sources. A live demonstration will provide attendees an opportunity to see some of the latest Trusted Computing products available in the market today, from a user's perspective and an IT Administrator's perspective, and compare and contrast Trusted Computing and non- Trusted Computing technologies.
Potter's presentation examines the current state of the technology behind the HAP program and how the existing Trusted Computing technologies in use within HAP address the current threat space facing modern networks. Attendees will gain a better understanding of what threats Trusted Computing can and cannot address today, and will walk away with ideas for how to improve Trusted Computing architectures in the future, given the likely technology and threat advances.
Digital Management, a Gold-Level sponsor of the Conference, will also be exhibiting at booth #202. The company's broad set of Cybersecurity Solutions dramatically heighten clients' current security posture and situational awareness. At the same time, Digital Management's unique leadership position in Trusted Computing make it a partner clients can trust to provide superior protection well into the future. Attendees interested in learning more about how Digital Management is securing today while shaping tomorrow should stop by Digital Management's booth (#202).
"We're very excited to be sponsoring and presenting at the NSA Trusted Computing Conference," said Jay Sunny Bajaj, Digital Management's CEO. "Ari and Bruce are both engaging and influential thought leaders in Trusted Computing. Anyone remotely interested in this promising future for cybersecurity will not want to miss their presentations."
About Digital Management
Digital Management is a leading IT solutions and business strategy consulting firm focused on providing solutions that transform enterprise operations in government and business by dependably bridging the gap between business strategy and mission success. Leveraging technology as an efficient, economical means to an end, Digital Management crafts solutions that result in increasingly interoperable, responsive, and cost-effective enterprises. Digital Management provides services and solutions in Strategic Business Transformation, Software Systems Modernization, Enterprise Information Management, Cybersecurity, and Healthcare IT. The company's Cybersecurity Division delivers strategic solutions that dramatically heighten situational awareness, while leveraging the latest technologies and techniques to raise overall cybersecurity posture. Digital Management is an SBA-certified, minority-owned, 8(a) small business, headquartered in Bethesda MD, with 12 satellite and project offices throughout the country.
Contact:
Andrew J. Musliner
240.223.4809 (office)
amusliner@digitalmanagement.com
http://www.digitalmanagement.com/news/digital_management_to_present_at_upcoming_nsa_trusted_computing_conference
Digital Management Wins 5-Year $5 Million Dollar Contract with the USDA
Services Ensure Ongoing Transparent Reporting of Accurate Livestock Prices
Bethesda, MD—August 27, 2010—Digital Management, Inc. (www.digitalmanagement.com), a leading IT solutions and business strategy consulting firm, announced today it has been awarded a contract by the United States Department of Agriculture (USDA) to provide help desk operations and maintenance support services to the Department's Livestock Mandatory Price Reporting System (LMPRS), a data collection and database management system developed to improve price discovery in livestock markets by enhancing the transparency, accuracy and timeliness of reported livestock prices.
Operational since 2002, the LMPRS accepts data from the livestock industry—mainly meat packing plants—archives, translates, and analyzes the data, and produces aggregated reports for distribution to the public via the Internet. To support the round-the-clock operations of LMPRS, the USDA was looking to award the contract to an organization with exceptional technical capability, as well as exemplary past performance. Digital Management fit the bill.
Under the contract, Digital Management will monitor LMPRS system performance, utilize existing knowledge of data visualization technologies to expand current LMPRS capabilities, provide help desk user support, develop and implement enhancements, and troubleshoot and implement software solutions and upgrades to ensure continued uninterrupted computer support for the owners and users of LMPRS.
"We are very pleased that our dedication to flawless execution has been recognized in the awarding of this contract." said Jay Sunny Bajaj, Digital Management's CEO. "We are eager to play a vital role ensuring that LMPRS is up and running 24x7, and that and that those who rely on regular, timely delivery of this vital market data are not disappointed."
Digital Management was recently selected by the Department of Health and Human Services (DHHS) to manage and operate its Payment Management System (PMS), a full-service grants payment and cash management system that supports more than 450 Federal government organizations and 50,000+ users worldwide who process more than $410 billion annually in Federal grant funds. And since 2006, Digital Management has been responsible for managing an
http://www.digitalmanagement.com/news/digital_management_wins_5_year_5_million_dollar_contract_with_the_usda
Digital Management Wins Five-Year Blanket Purchase Agreement (BPA)
Company's Depth and Breadth of Microsoft Solutions Expertise Sets it Apart
Bethesda, MD—August 31, 2010—Digital Management, Inc. (www.digitalmanagement.com), a leading IT solutions and business strategy consulting firm, announced today it has been awarded a five-year Blanket Purchase Agreement (BPA) for Microsoft-based data and document management consulting services from the Department of Treasury Office of Financial Stability (OFS). Under the BPA, a Treasury-wide vehicle, Digital Management will provide Information Technology Planning and Strategy, Computer Systems Support, Information Technology Operational Support, and other services to assist Treasury in developing its data and applications architecture. Digital Management is one of three companies to be awarded this full and open competition BPA.
To bolster its mission of effectively managing the U.S. Government's finances and resources, the Treasury recently incorporated Microsoft collaboration, document management, workflow, and reporting tools into its core application architecture. In order to maximize its return on investment through creative use of these tools, the Treasury identified a requirement for Microsoft-based consulting services.
Digital Management is uniquely capable and equipped to assist Treasury in developing its data and applications architecture. The company's extensive experience providing solutions based on Microsoft products and technologies to government and industry is evident in its implementation of more than 50 Microsoft SharePoint solutions and in its extensive Microsoft-certified core competencies in Information Worker Solutions, Custom Development Solutions, Data Management Solutions, and SOA and Business Process. Digital Management also brings specialized expertise in Microsoft partner technologies including K2/Blackpearl®, software for building process-driven applications across the enterprise.
"The Department made a great choice in identifying the need for Microsoft-based solutions," said Sam Ganga, Executive Vice President, Digital Management's Enterprise Applications Solutons Division. "It is now our job to bring our extensive Microsoft technology services expertise to help Treasury benefit from their investment in the technology."
"We are very proud to have been selected by the Treasury Department OFS," said Jay Sunny Bajaj, Digital Management's CEO. "We offer Treasury unparalleled access to leading Microsoft and K2/Blackpearl expertise and best practices that our experienced team will quickly and efficiently utilize in order to achieve mission success."
About Digital Management
Digital Management is a leading IT solutions and business strategy consulting firm focused on providing solutions that transform enterprise operations in government and business by dependably bridging the gap between business strategy and mission success. Leveraging technology as an efficient, economical means to an end, Digital Management crafts solutions that result in increasingly interoperable, responsive, and cost-effective enterprises. Digital Management provides services and solutions in Strategic Business Transformation, Software Systems Modernization, Enterprise Information Management, Cybersecurity, and Healthcare IT. Digital Management's Microsoft Solutions Division provides Microsoft-based solutions in the areas of portals, enterprise content management, document management, search, data visualization, mobility, business intelligence, business process management and infrastructure management. Digital Management is an SBA-certified, minority-owned, 8(a) small business, headquartered in Bethesda MD, with 12 satellite and project offices throughout the country.
Contact
Andrew J. Musliner
240.223.4809 (office)
amusliner@digitalmanagement.com
http://www.digitalmanagement.com/news/digital_management_wins_five_year_blanket_purchase_agreement_bpa
From Digital Management's web site:
Digital Management and Wave Systems Partner to Deliver Cybersecurity Solutions that Protect Enterpri
Trusted Computing Market Leaders Align to Provide Compelling Solutions
Digital Management
Bethesda, MD—September 13, 2010—Digital Management, Inc. (www.digitalmanagement.com), a leading IT solutions and business strategy consulting firm, announced today it has partnered with Wave Systems Corp. (NASDAQ:WAVX; www.wave.com) to deliver comprehensive Trusted Computing solutions to security-conscious government and commercial enterprises.
With cybersecurity clients including the Department of Defense, Department of Transportation, General Services Administration, and Small Business Administration and participation in the industry’s Trusted Computing Group (TCG), Digital Management is a leader in IT security solutions and a recognized expert in the emerging TC solutions market.
Wave Systems provides best-in-class enterprise software for managing and utilizing fundamental Trusted Computing hardware technologies such as the Trusted Platform Module (TPM) and Self-Encrypting Drives (SEDs). Based on Trusted Computing technologies, Wave software provides enterprises with a new, higher level of data protection, strong authentication and network access control.
As a Wave Certified Solutions Provider, Digital Management leverages and optimizes Wave software solutions to simplify IT management and solve critical cybersecurity problems for its clients. Digital Management’s Trusted Enterprise service and solution offerings incorporate Wave’s enterprise solution suite, including:
* EMBASSY® Remote Administration Server for remote management of SEDs and TPMs
* EMBASSY® Key Management Server for Trusted Computing key management
* EMBASSY® Authentication Server for multi-factor authentication, including TPM, smart card, biometric and password
“As cyber threats have escalated beyond the control of traditional software IT security solutions, we’re proud to be a Certified Solutions Partner with Wave Systems,” said Jay Sunny Bajaj, Digital Management’s CEO. “Wave is the undisputed leader in solutions that manage next-generation Trusted Computing technologies. Our new Wave-powered solutions and services will enable us to set a new benchmark for best-in-class cybersecurity for our clients.”
“Digital Management has consistently delivered the very best security to their clients and is unique among its peers in understanding the value, relevance and potential of Trusted Computing,” said Steven Sprague, Wave’s President and CEO. “We’re excited to work with them in partnership to transform how enterprises think about and implement data protection, authentication, and network access control.”
Wave’s client software is on more than 70 million PCs worldwide and has been validated on all major platforms. TPMs are a standard component of virtually all business-class PCs; more than 350 million platforms have shipped to date.
Self-Encrypting Drives (SEDs) are available from major storage vendors and major PC OEMs. They offer performance advantages over software encryption, as well as better security as the keys never leave the hardware of the drive controller.
Digital Management and Wave Systems will both be exhibiting at the NSA Trusted Computing Conference & Exposition in Orlando, FL, September 14th and 15th (Digital Management in booth 202, Wave Systems in booth 205)
About Digital Management
Digital Management is a leading IT solutions and business strategy consulting firm focused on providing solutions that transform enterprise operations in government and business by dependably bridging the gap between business strategy and mission success. Leveraging technology as an efficient, economical means to an end, Digital Management crafts solutions that result in increasingly interoperable, responsive, and cost-effective enterprises. Digital Management provides services and solutions in Strategic Business Transformation, Software Systems Modernization, Enterprise Information Management, Cybersecurity, and Healthcare IT. Digital Management's Cybersecurity Division delivers strategic solutions that dramatically heighten situational awareness, while leveraging the latest technologies and techniques to raise overall cybersecurity posture. Digital Management is an SBA-certified, minority-owned, 8(a) small business, headquartered in Bethesda MD, with satellite and project offices throughout the country.
About Wave Systems
Wave is a pioneer in hardware-based PC security that provides software to help solve critical enterprise PC security challenges such as data protection, strong authentication, network access control and the management of these enterprise functions. Wave is a founding member of the Trusted Computing Group (TCG), a consortium of more than 100 companies that forged open standards for hardware security. Wave’s EMBASSY® line of client- and server-side software leverages and manages the security functions of the TCG’s industry standard hardware security chip, the Trusted Platform Module (TPM) as well as hard drives that comply with TCG’s “Opal” self-encrypting drive (SED) standard. Self-encrypting drives are a growing segment of the data protection market, offering increased security and better performance than most existing software-based encryption solutions. TPMs are standard equipment on many enterprise-class PCs shipping today and have shipped on an estimated 300 million PCs worldwide. Using TPMs and/or SEDs and Wave software, enterprises can substantially and cost-effectively strengthen their current security solutions. Visit wave.com for more information.
Digital Management Contact
Andrew J. Musliner
240.223.4809 (office)
amusliner@digitalmanagement.com
Wave Systems Contact
Michael Wheeler
413.243.7026 (office)
mwheeler@wavesys.com
http://www.digitalmanagement.com/news/digital_management_and_wave_systems_partner_to_deliver_cybersecurity_soluti
Digital Management and NeuralIQ Partner to Provide Groundbreaking Cybersecurity Solutions
Digital Management Leads Industry as First Certified NeuralIQ Event Horizon Partner
Bethesda, MD—September 13, 2010—Digital Management, Inc. (www.digitalmanagement.com), a leading IT solutions and business strategy consulting firm, and NeuralIQ®, Inc. (www.neuraliq.com), an innovative cybersecurity intelligence product company, today announced their strategic partnership to provide groundbreaking solutions for real-time cybersecurity intrusion forensics and analysis.
The sophisticated, multiphase cyber attacks that increasingly target government and business are often invisible to current security technology. NeuralIQ’s Event Horizon provides unprecedented visibility into these Advanced Persistent Threats (APTs). Event Horizon works by allowing adversaries to attack a staged virtualized environment, indistinguishable from your valid one. Event Horizon then visually displays and reverse engineers every phase of attacks, in real time, showing clearly how intruders are targeting assets, recruiting resources and trying to steal data. Then, Event Horizon automatically generates countermeasures to update perimeter security, tune internal networks and harden security policies to prevent your real environment from being compromised.
Digital Management leads the industry as the world’s first Certified NeuralIQ Event Horizon Partner, with trained and experienced NeuralIQ Certified System Administrators (NCSAs) and NeuralIQ Certified Professionals (NCPROs) on staff. With unparalleled expertise and current clients using Event Horizon, Digital Management is uniquely qualified to provide government agencies and businesses with actionable foresight and insight into immediately relevant enterprise vulnerabilities. Armed with real-time actionable threat intelligence, Digital Management helps its clients act immediately, and incorporate continuous threat and attack monitoring as part of enterprise best practices.
“Event Horizon is stunning – both visually and functionally," said Sunny Bajaj, Digital Management’s Chief Executive Officer. “It's an incredibly powerful component of a strong cyber defense that incorporates continuous monitoring. With Event Horizon, we can analyze attacks as they’re happening and then take an array of actions to inform an ever-stronger security posture. We’re proud to have established an enduring partnership with NeuralIQ – one which has been built over the last year in close collaboration.”
“Digital Management is an ideal partner for NeuralIQ,” said William J. Fallon, Chief Executive Officer of NeuralIQ, Government Services. “Their extraordinary depth of expertise in cybersecurity best practices, cyber forensics analysis, and experience with the Event Horizon appliance, enables us to confidently guarantee optimal results for our clients. We’re proud to have Digital Management as a go-to Certified Partner.”
Digital Management Intrusion Forensics Solutions, powered by NeuralIQ’s Event Horizon, include:
* Continuous Monitoring: Watch attacks as they’re attempted, learn how they work, protect against them, continuously improve your defenses.
* Vulnerability Assessment: Know your weaknesses with insight based on live attacks as opposed to theoretical penetration testing.
* Pre-deployment Vulnerability Assessment: Assess weaknesses before you flip the switch.
* Malware Reverse Engineering: Timely, automated, comprehensive.
* Attack Analysis: Profile actual attackers. Predict behavior.
Digital Management and NeuralIQ will be demonstrating Event Horizon capability at Digital Management’s booth at the NSA Trusted Computing Conference & Exposition in Orlando, FL, September 14th and 15th (booth 202) (refer to www.ncsi.com for event information).
About Digital Management
Digital Management is a leading IT solutions and business strategy consulting firm focused on providing solutions that transform enterprise operations in government and business by dependably bridging the gap between business strategy and mission success. We see technology as an efficient, economical means to an end and are dedicated to crafting the solutions that result in increasingly interoperable, responsive, and cost-effective enterprises. Digital Management provides services and solutions in Strategic Business Transformation, Software Systems Modernization, Enterprise Information Management, Cybersecurity, and Healthcare IT. Digital Management's Cybersecurity Division delivers strategic solutions that dramatically heighten situational awareness, while leveraging the latest technologies and techniques to raise overall cybersecurity posture. Digital Management is an SBA-certified, minority-owned, 8(a) small business.
About NeuralIQ
NeuralIQ, with its revolutionary new product Event Horizon™, enables organizations to see, understand and counteract cyber attacks that conventional security products cannot detect or decipher on their own. Generating real-time intrusion forensics, NeuralIQ’s Event Horizon™ is an essential new component to any comprehensive security strategy. Armed with actionable intelligence, targeted organizations may protect their high-value assets against the most sophisticated threats. NeuralIQ has offices in Kirkland, WA and Alexandria, VA.
Contact:
Andrew J. Musliner
240-223-4809 (office)
amusliner@digitalmanagement.com
http://www.digitalmanagement.com/news/digital_management_and_neuraliq_partner_to_provide_groundbreaking_solutions
Now above the 10 day and 20 day moving averages. The 50 day moving average is at $2.69. Will we see that today?
I thought Wave would come out with something this morning so that Feeney would have something new to talk about at the Rodman & Renshaw conference today, and at the Kaufman Bros. conference tomorrow.
I suspect we will be getting more news as the week progresses. JMO.
Boy, I don't even know where to begin with your post.
To be profitable you need customers. How does one get customers?
I think the presentations are one of the means to that end.
Every presentation is an education. Are the listeners buying what you present? If they are, the profits will go up. Simple as that.
I see a push into the 30s later today, as the supply of shares is very thin right now.
I believe there are those that want as many shares as possible between now and a week from now.
We will see. I could be wrong.
alea, I agree. If we get the time line (which I think there is a good chance) and a couple of new major accounts, that would go a long way.
Maybe the automotive account will come out from behind the curtain.
Not to worry. I think next week will make it very clear as to Wave's place in this space.
It may not make the stock jump $2-$3, but it will be clear as to where Wave is going.
Don't expect great leaps and bounds for the SP, although the right announcement could move the share price. But instead, sit back, relax, and see where Wave position is in this space. I think you will be sufficiently satisfied.
Is Apple going to recommend a software for the TPM or bundle someone's software? And if so, who are they going to recommend or bundle?
Is anyone aware of this?
However, according to data from abroad, the current U.S. military computer purchase all of the latest version of the TPM configuration, as Apple also introduced its new Mac models loaded with the technology. This also can be seen from the broad role of information security, the use of the TPM security chip, the network terminal can still play a role.
Jake, great post. Thanks for sharing. A must read.
With today's announcement, and the Trusted Computing Conference next week, I would not be surprised to see our Automobile account come public and for PwC to come public.
P & F nice post.
P.S. I want to send you a private message but you have me blocked. Please unblock me as I want to talk to you.
Thanks
You guys want it both ways. You are always asking for future direction, you want to know NOW.
So SKS gives you what he can: he hopes to be able to announce a few new major accounts.
He's damned if he does and damned if he doesn't.
Time to chill out. Major happenings are happening this month.
SKS told us long ago that it will take education to get off this slog. Just look at the number of presentations Wave have made this year and for the balance of the year. THIS IS EDUCATION. If the education is correct, and the attendees buy it, then Wave will succeed. If not, then we have been wrong on this investment.
I remain hopeful and optimistic. I still believe great things are about to happen.
Accountable for WHAT exactly?? That he hoped to announce a new account or two? Please show us where he said it was a done deal, then you can hold him accountable.
It's easy to jump on someone if things don't happen the way you want them to happen.
Maynard, I agree. He never "promised" an announcement, he was hoping he could. Apparently it hasn't happened yet or if it has happened, apparently the customer does not want it announced yet for whatever reason. (The customer is in control)
Hounding SKS does nothing. If they have a material event to announce they will.
Let's see now. There are a few million shares short on this stock.
About 30K has traded hands today so far. It seem to suggest the shorts are not concerned in any way, yet.
A huge conference is coming up in the next 7 days.
Something has to give.
Now, if only Wave were to PR something of this tomorrow, going into the Trusted Computing Conference next week, that would be sweet.
It's always good to have a goal.
4-5 major deals, like the automotive deal, or an HP bundling, or a govt contract by year end, could do the trick.
Never know.
It truly amazes me that sometimes it takes 20 trades of 100 shares each to buy or sell 2000 share.
It further amazes me that 100 shares has been able move the price up and down a nickel.
And at the end of the day, when 67,000 are traded after hours, the stock moves ONE CENT. Amazing.
timmers, it's been gone over and over on the board and it's a good thing for Wave we feel.
Just check back on the posts and you will find all that was said.
Of course no one here knows exactly what it means, so your guess is as good as ours.
I don't think P & F can give you a definitive answer to your question.
With about 70K changing hands today, so far, it's gonna take a while to cover those shorts.
3PAR bidding war: Are Dell and HP crazy?
chart_3par.top.jpg By David Goldman, staff writer
August 29, 2010: 1:43 PM ET
NEW YORK (CNNMoney.com) -- Hewlett-Packard and Dell's intense bidding war for the little-known 3PAR is starting to look a little nuts.
HP's latest offer of $30 a share for the storage company represents a 211% premium over the value of 3PAR's stock before the bidding war between Dell and HP began. Sunday, 3PAR's board said it had determined that HP's unsolicited bid is the "superior" offer and planned to terminate its merger agreement with Dell.
3PAR (PAR), which has never turned an annual profit in its three years as a public company, would need to add over $40 million in free cash flow to make the deal profitable, according to Ken Hackel, president of CreditTrends.com. But that's unlikely to happen for at least three years.
So why are Dell (DELL, Fortune 500) and HP (HPQ, Fortune 500) so adamant that they win this obscure, unprofitable company?
The answer can be found in a high-growth technology business called cloud computing.
Cloud computing enables companies to store and access their information in off-site data centers that are managed by another company. The process is cheaper and more efficient. Businesses are quickly catching on to the trend.
Corporate spending on cloud computing is expected to grow 27% each year for the next four years, reaching $55.5 billion in 2014, according to IDC. That's up from just $16.5 billion last year.
Obviously, Dell and HP want to be part of that rapid growth and offer that service to their clients. Though both companies offer storage solutions, neither makes the high-end products that are specialized for cloud computing.
Currently, HP outsources products from Hitachi Data Systems to customers who want cloud solutions. Dell doesn't offer high-end data storage systems at all.
So if Dell or HP wanted to quickly capitalize on the expected growth in this market, buying a company that is already making cloud storage products is probably a faster and cheaper option.
But the pickings are slim: The only companies that make that kind of hardware are IBM (IBM, Fortune 500), EMC (EMC, Fortune 500), Hitachi Data Systems and 3PAR (PAR).
Given the enormous size of IBM and EMC, and the fact that Hitachi Data Systems is owned by the Japanese conglomerate Hitachi (HIT), tiny 3PAR is really the only alternative.
"This is definitely something that both HP and Dell clearly want," said Aaron Rackers, analyst at Stifel Nicolaus & Co. "3PAR has scarcity value for what they want to bring to the table."
0:00 /1:07HP reacts to CEO's departure
But at what point do HP and Dell have to wonder if they're getting into a very expensive game of 3PAR chicken?
"The bidding for 3PAR is reminiscent of two drunks at a horse auction, whereby the winner is the loser," said Hackel. "3PAR is a value-destroying acquisition because the expected cash return on HP or Dell's invested capital would be below the cost of capital."
Both Dell and HP have billions of dollars of cash on hand -- Dell with $12.4 billion and HP with $14.7 billion -- so both certainly have the financial wherewithal to buy 3PAR at a price that's even higher than its current market value of about $2 billion.
But Hackel noted that both companies are actively buying back their own shares as well, leaving less for future acquisitions.
"They're getting into crazy levels here, and on paper, 3PAR isn't worth what they're bidding," added Michael Holt, an analyst at Morningstar. "There's a point at which the winner's curse will do them in -- even perfect execution will never make that up to their shareholders."
What would Mark Hurd do?
On a conference call with HP executives after HP first announced its bid, Sanford Bernstein analyst Toni Sacconaghi questioned whether ousted HP CEO Mark Hurd would have made the deal at all, given his penchant for efficiency.
Several analysts said they believed HP's determination to win the bidding war is an attempt to show investors that the company has a unified board, and HP is not a rudderless ship in the absence of a CEO.
Still, Holt believes the bidding war is a good and ultimately necessary strategy for both companies. As a new entrant to the market, 3PAR has struggled. But with either Dell or HP's significantly larger base of clients, he said the storage company's value could be significantly boosted.
"When you have a small entity like this with a great, unique technology asset, paired with a marketing machine like Dell or HP, this could become an enormous growth story," Holt said.
Most analysts said HP should ultimately win the battle. But even if it doesn't, Dell will be left with a very expensive acquisition that could hurt it financially, at least in the near term.
"Either way, I think HP wins," said Eric Johnson, director of the Center for Digital Strategies at Dartmouth University's Tuck School of Business. "Dell is on the ropes -- it needs to stay relevant but is slowly drowning. HP should win this one, but if they don't they will make sure that Dell overpays." To top of page
http://money.cnn.com/2010/08/27/technology/hp_dell_3par/index.htm?source=yahoo_quote
Dell says assessing 3PAR offer after HP trumps bid
Sun Aug 29, 2010 3:19pm EDT
*3PAR board determines HP $2 bln offer 'superior'
*3PAR board intends to terminate Dell merger agreement
*Dell has 3 business days to match HP offer
NEW YORK, Aug 29 (Reuters) - Dell Inc said on Sunday it was assessing its bid for 3PAR Inc (PAR.N) after the data storage company's board of directors late on Friday said Hewlett-Packard Co's (HPQ.N) $2 billion offer was a "superior proposal."
The Fremont-California based 3PAR had also notified Dell Inc (DELL.O) of its intention of terminating its merger agreement. Dell has three business days to match HP's offer under its merger agreement with 3PAR.
"We will make a decision in the best interest of our customers and shareholders and make that known when it becomes appropriate," said Dell spokesperson David Frink.
A HP spokesperson decline to comment.
The move is the latest volley in an intense bidding war between technology giants HP and Dell for the high end data storage company 3PAR.
On Aug 27, HP raised its bid to $30 per share, or $2 billion, less than 3 hours after Dell announced 3PAR had accepted its bid of $27 per share, which matched HP's previous offer [ID:nN27239050].
"We have an existing agreement with 3PAR that gives us the right to match any competitive offer. We are assessing it at this time," Frink added.
The bidding war, a rare occurrence in the tech sector, started last week when HP bid $24 a share for 3PAR, topping Dell's previous $18-per-share deal.
The pursuit of 3PAR comes as HP and Dell, as well as other large technology vendors from International Business Machines Corp (IBM.N) to Cisco Systems Inc (CSCO.O), are trying to expand into new business areas.
3PAR specializes in high-end data storage, a key part of "cloud computing" -- an increasingly popular technology that enables computer users to access data and software over the Internet, allowing companies to save costs.
The company competes with EMC Corp (EMC.N), NetApp Inc (NTAP.O), IBM and other data storage companies, and 3PAR's expertise on the high end has made it particularly attractive.
In the last notable bidding war in the tech industry, EMC outbid NetApp last year to buy Data Domain for $2.4 billion. Data Domain was advised in that deal by Frank Quattrone, the same veteran technology banker who is advising 3PAR in the latest negotiations.
(Reporting by Jennifer Saba; Editing by Diane Craft)
http://www.reuters.com/article/idCNN2913805020100829?rpc=44
I too, hope we can go to $100 valuation (with splits) on our own, over the next few years.
I am not advocating a buy out. I am just saying that IF an offer were to come to Wave, which they have no control over, that the board would have to make a decision as to accept or not accept the offer.
Wave has no control if another company were to make an offer.
With that said, Wave should just go about it's business of growing as large and as fast as it can, for the benefit of the stockholders.
At some point in time the board of directors will have to make a decision whether to accept a buyout offer or not. I am not looking for that to happen any time soon.
The potential is definitely there down the road.
P.S. I would take a two billion dollar offer that 3PAR is looking at.
Worth a repeat:
...how much are these companies willing to pay to not have to take the time to develop the software that 3Par already.
Wave has a 1-2 year lead in what they do. Is another company willing to take the time and money to develop WHAT WAVE ALREADY HAS?
Look at my BOLD and see why Wave is in the cat bird's seat.
3Par stock soars as HP-Dell bidding war intensifies
The small software maker's shares have leaped more than 236% since the computer giants started competing for it last week.
By Nathan Olivarez-Giles, Los Angeles Times
August 28, 2010
The bidding war between Hewlett-Packard Co. and Dell Inc. over a relatively small company, 3Par Inc., has intensified with HP's latest bid of about $2 billion.
That's probably not the final bid, but there's already a clear winner: 3Par investors.
The Fremont company, which makes software used in the emerging technology of cloud computing, has seen its stock climb to $32.46 a share Friday, from $9.65 before the bidding started last week. That's a jump of more than 236%.
"I'm in the money right now," said 3Par stockholder Michael Mahdi of Mountain View, Calif. A self-identified day trader, he bought about 9,200 shares just after Dell made its first bid.
"It's all icing on the cake," Mahdi said. "I win either way, regardless of who buys them."
The bidding started Aug. 16, with Dell offering $17 a share. HP followed, and it went back and forth. On Friday, Dell bid $27; three hours later, HP offered $30.
Meanwhile, shares of Dell and HP have not been faring so well. Between Aug. 16 and Friday, Dell stock slipped 0.6% and HP stock dropped 6.3%.
Hemant Hebbar, an analyst with Wedbush Securities, said that the two computer giants risk alienating their own shareholders if they keep pushing up the price for 3Par.
"The fact is that 3Par has good software, but it isn't really a unique asset in the sense that they do have competition," Hebbar said. "There are other companies out there that do what they do. So if you're an investor in 3Par, you are likely enjoying this, but if you are an investor in Dell or HP, you might be scratching your head a bit."
Last year 3Par brought in less than $200 million in sales. The company, founded in 1999, has never turned a profit.
But 3Par's financial situation has little to do with why HP, the world's largest PC firm, and Dell, the second-largest, are battling over it, said Kim Caughey, a tech analyst at Fort Pitt Capital Group, which owns shares in Dell.
"Time is money, and 3Par has software that works," Caughey said. "The big question is, how much are these companies willing to pay to not have to take the time to develop the software that 3Par already has?"
Still, she thinks the bidding war will end soon.
"There is only so much a product is worth, and we've got to be coming close to that," Caughey said.
Hebbar agreed. "I don't think this could go to $2.5 billion or $3 billion or anything — it is very, very unlikely," he said.
But Mahdi, hardly an uninterested party, remained hopeful.
"I think the cap would be somewhere around $2.6 billion," he said. "For this to end, someone has to just come out with an outlandish offer that the other can't match. Otherwise, the market will keep pushing."
Dell shares rose 14 cents, or 1.2%, to $11.89 on Friday. HP shares slipped 22 cents, or 0.6%, to $38.
http://www.latimes.com/business/la-fi-dell-hp-3par-20100828,0,4297623.
VC,
Here is a back up board for us in case this board is down.
http://siliconinvestor.advfn.com/subject.aspx?subjectid=57551
I know you wouldn't say this to start a rumor or for personal gain but exactly where did you hear this talk? What exactly was said?
Which ever one it is, GM or Ford, there is a good chance they will come out of the closet with a testimonial at the Trusted Computing Conference (NSA)in September.
Posted by Sarayu. If you go to his link at the bottom, these numbers are on that site as of August 25th. They may not be up to date, but they are probably pretty close.
Posted by: Sarayu Member Level Date: Tuesday, August 24, 2010 11:48:01 PM
In reply to: None Post # of 198072
Daily Short Sale Volume - NEW view
Short Interest (Shares Short) 7,461,200
Days To Cover (Short Interest Ratio) 17.5
Short Percent of Float view
Naked Short Selling List - NEW view
Short Interest - Prior 7,496,300
Short % Increase / Decrease -0.47
http://www.shortsqueeze.com/index.php?symbol=wavx
When you say "most", that would mean to mean all but maybe 1-2 million share, or more than 75% . I don't think that is the case at all.
20 moving average at $2.73 and 50 day at $3.02.