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Looks like all the shorts may cover today. Then we will get real buyers.
Snackman
CPA, would Intel authorize this announcement if they feared Wave was going to run out of money? I think not. I am sure that Intel is well aware of Wave's money position. Hey, here's an idea. Maybe Intel will make a strategic investment. Who knows.
Snackman
Here's another thought. We are going to be in all the boxes that Intel is in at some point in the future. IN ALL OF THE BOXES INTEL IS IN.
Barge where are you?
Snackman
It seems to me that if one was having a SHM they would want to keep as much good information they could until the meeting. Today's announcment and yesterday's announcement, tells me that there is more to come.
Snackman
For all those that think we have liars at Wave let me say this. A week ago Tuesday, SKS said that we would have an announcement in more than seven days and less than six months. Yesterday was the eighth day and today is the ninthday. What happens between now and the SHM? More announcements? One can only wait and see. But the big one just happened.
Did he lie? I don't think so.
When it finally sinks in what was said this morning and the street starts to see us when we are over $2.00, then things will really heat up in my opinion.
Snackman
CL, one more thing to consider. I find it hard to believe that Intel would agree to such an agreement, and mention Wave's name in public, if they thought they were going out of business or if they were waiting in the wings to snap up Wave' IP.
This is a great day. It started with MSFT last June, followed by Intel today and with MANY PC OEMs deploying before the end of the year with our technology in their boxes, this will be the beginning, no doubt in my mind.
A great day indeed.
Snackman
Careful CL. We only have enough money until October. Wave can still fall apart here. But who knows, maybe someone will want to give Wave the money they need.
There will be a lot less risk at $2.00 and $3.00 than now, at $1.17.
Snackman
P.S. Seriously, I hope you get in now if you wish, so that you can cut your losses when it hits $1.67.
zoomer, all I can say is unbelievable post by you. All we have waited for all these years is to see us tied to a gorilla. Intel has given us that this morning.
We will be on Intel's motherboards. What more could you want?
But I will wait and not get excited. Not much meat in this announcement. NOT.
Snackman
Barge was right. Noitce the announcement talks about EMBASSY with Intel just as Cubic talked about EMBASSY.
Vanilla may be alright to begin with but EMBASSY will be on INTEL'S motherboards. WOW
Snackman
I just want to say one thing: It looks like our management has done its job. Those that are crying for a replacement for SKS should now have the guts to step to the plate and apologize for all things they have said about him.
I don't think we paid him enough money how about that!!!
EMBASSY on Intel motherboards. Can't get any better than that.
Go Steven and Lark. Our faith in you both have been justified and Wave Systems is validated today like no other time in it's history.
Snackman
Bull_Dolphin, I thought about that after I posted it and yes I believe you are correct. Maximus is a facilitator and could use the technology from both companies to sell to a 3rd party.
Snackman
Micro if I remember correctly SKS said that we are still working with Maximus and there were things pending.
I believe Cubic is something different. MOO
Snackman
Bluefang my cup is raised. I drink to you.
Snackman
CPA, I will say this. I will be more diligent in deleting attack posts from either side from now on.
Just a hint to all by the way: if you TOS an attack post Matt will see it. He can then make the call. Don't feel that TOSing a post is a waste of time because it isn't. When you TOS a post it gives you choices as to why you are TOSing it. Matt reads these and then takes appropiate action if needed. That is how Largehedge fund ended up in jail.
Snackman
CPA, there have been many attacks this morning. I suggest we just stop and say to ourselves this is it, it's over, let's move on.
There are many posts I would delete from this morning but I will leave it up to Matt.
Let's move forward and try to respect each other's views and say enough is enough.
Snackman
TO ALL
Time out guys. There is too much attacking going on. I have looked in the mirror and decided not to fight anyone anymore if their outlook and or opinions don't jive with mine. We can counter negative arguments with positive arguments and visa versa but we can't keep attacking each other or show sarcasm in every post. We have to stop this. We must think before we post.
This goes for everyone, the side that is positive and the side that is negative. We should all respect the opinions of others, no matter what side they are on.
So lets all settle down and respect each other. No matter what side you are on.
One can identify one that has an agenda, either pro or con, and we should all just ignore those posters.
This is a great site and we should be using it to have honest intelligent discussions. Repeating something over and over again to get the last word in is not discussion and should be avoided.
Snackman
cpa, I did not take it as an attack and I do understand where you are coming from.
Snackman
Bluefang, you and I have been friends for a long time. You know I respect you a whole bunch. I have a lot of crow sitting on top of my stove. I know that you would be very happy to eat it. I think you are going to somewhere down the road. LOL
I respect you feelings about Wave. However, the past is the past. Wave is either going forward and going to be successful or it isn't. The future is where it is at now, not the past. We can't change the past only the future.
One thing for sure, when the story is written on this adventure one of is going to be right and one is going to be wrong. I know that you are rooting for me.
Take care,
Snackman
But go-kitesurf Wave IS just a service company. There is nothing else. It is just a service company. It will not build or sell hardware or platforms. It will sell software and services, that's all.
It is only a service company.
Snackman
Weby, what most are missing in my opinion is the fact that Cubic is talking EMBASSY not vanilla but EMBASSY. Big deal in my book.
Once EMBASSY is used, everything else will look inadequate.
Snackman
go=kitesurf you said: "After all, shareholders love the technology, but are a little unsure about management capability. The same could be true for Cubic. Cubic may think Wave management is poorly experienced"
Please speak for yourself. I am not unsure about management's capabilities. How in the World can you say Cubic may think Wave management is poorly experienced?
A PR comes out linking Cubic and Wave and you say Cubic may think Wave's management is poorly experienced. If you ran a company, which I don't think you do, would you come out and announce with a company you may think is poorley experienced?
Unbelievable.
Snackman
Joe Trippi was on Capital Report this evening. Although he did not mention Wave,(can't believe that LOL) he looked good. Nice to see Joe getting some recognition.
Snackman
Bluefang, you have repeated this message a dozen times. What's your goal? What do you want us to do? Say you are right? Well, O.K., up to now you are right. But the game isn't over yet. Why not wait for the end game which is upon us now.
Nothing in the past can be changed. The only thing that counts now is what happens in the future. I believe in the future. I believe the glass is half full. I made my decision to invest in this company. So far I have not seen anything to make we want to leave this investment.
You know, Qualcomm lingered between a buck and four bucks for three or four years. When the world realized they needed their technology the stock went up to $240.00 I believe and then split 4-1. I know that that was the time of the bubble and I am not saying Wave will do the same. However, when all the box makers realize Wave is needed in their boxes, this stock will go up too.
You and CPA say you post this stuff for the newbies. Do you really think a lot of newbies read this thread? And if they do, do you think they make their decisions on what you or I say? I sure hope not.
So, to rehash the same things you both are doing again and again seems to me to be a waste of time and is just there for the ego.
As much as you both say you are the opposite of my 'good feel' posts there is one difference. I am not trying to get anyone to buy the stock, never have, but you both are trying to keep people out.
You both say that I am doing harm to the people that read my posts because this is a worthless investment. What if you both are wrong? Wouldn't you both be doing harm to those you think you keeping out of this investment if you are wrong? You could be you know.
Each has to make their own decisions and we don't have to be reminded over and over again what crooks and liars the management of our investment are.
Take care,
Snackman
cpa I will ask you the same question I asked Blue. You have posted this over and over again and now you have no investment in Wave. What is your point? Do you want to save us all? Do you want to buy back in if it goes low enough? Why do you keep on with the: "They are liar and crooks that have done us all wrong".
What are you accomplishing by saying this over and over again? Should we all sell tomorrow morning? Would this please you and make you happy? What is your point?
Snackman
Blue, so bringing this all up again accomplishes what? For us all to sell now and say boy, Blue was right all along. What is your point at this point in time?
You have posted this time and time again and I can't see what your objective is now? Should we all sell down to 5K? Why even hold 5K if they are going out of business and they are just liars that are leading us on?
The best to you to Blue.
Snackman
Down and out, it is my opinion you will not be down and out much longer. Just my opinion.
Snackman
go kitesurf, I doubt anything said here will effect the price of the stock in the long run.
Snackman
P.S. I believe most wavoids are all bought out anyway.
Yes I do. And I think Wave, AMD and Intel are joined at the hip. We shall see.
Snackman
cricketcricket, I know it wasn't. It was just an observation on who will read it and who won't.
BTW, regarding Presidents of companies and quarterbacks of football teams: When thing go good they both get too much credit and when things go bad they also get to much credit.
We are near the end game now where we will be in millions of boxes sooner than most think, and when that happens, and the dominos fall, a lot of noise will cease to exist here.
But will Wave management get the credit they deserve? They will from me but I am sure not from some others.
Snackman
c2, great post. Unfortunatly the ones that should read it and comprehend it won't. The believers in Wave and it's management will read it and hopefully will reap the benefits this post will bring.
Snackman
I wonder who is buying and why the volume today?
Snackman
But 1wavoid, we don't know the total of their performance yet. I would rather wait a few more weeks before I make a decision about their performance. YOu might be surprised in the end.
Snackman
to all
Please read again. You either believe him or you don't. I do.
Snackman
======================
From: "Steven Sprague" <SSprague@wavesys.com>
To: Subject: Re: status
Date: Tue, 22 Jul 2003 08:52:48 -0400
I thinkyou have summed it up very well, The only part is there is no conspiracy theory. As a public company strategic investment is much harder and always has been. We have access to capital and we are leveraging a couple of Wave assets to help cover our cash needs. It is and has been tight but we are doing our best with what we are given to build share holder value. The market ahead of us is tremendous the trick is to get there with out significant dilution so that we can all enjoy the benefits. Wave is engaged on a number of fronts and the progress is very tangable.
Steven
Blue, do you have a vested interest in Wave?
Snackman
Here is a stock that has gone from $64.00 to under $4.00. They continue to lose money and market share. See bolded area and you all tell me if all think SKS is robbing the store.
Snackman
http://www.latimes.com/business/la-fi-sun29jul29,1,2144148.story?coll=la-headlines-business
July 29, 2003
E-mail story Print
CALIFORNIA
Sun Chief Receives 1.5 Million Options
* CEO McNealy and other executives get grants under the computer maker's long-term incentive program.
Network computer maker Sun Microsystems Inc. granted stock options to a number of senior executives, including Chairman and Chief Executive Scott McNealy, according to regulatory filings made Monday with the Securities and Exchange Commission.
Sun, whose servers run corporate networks and Web sites, granted McNealy options for 1.5 million shares with an exercise price of $3.85, the closing price on July 23 when they were issued.
McNealy, the company's co-founder, may exercise the options in five equal annual installments of 300,000 shares beginning July 23, 2004.
The options were granted to McNealy and other executives under Sun's 1990 Long Term Equity Incentive Plan, according to the filing.
Last week, shares of Sun fell 19% after it reported quarterly earnings below Wall Street expectations and analysts wondered when it might recover from the technology spending downturn.
Santa Clara, Calif.-based Sun last week reported an 80% decline in profit to $12 million for its fiscal fourth quarter on a 13% decline in revenue to $2.98 billion. It has suffered more than rivals from the drop in tech spending, partly because its biggest markets — telecommunications and financial services — have been particularly hard hit the last three years.
The company also has been pressured by rivals IBM Corp., Hewlett-Packard Co. and Dell Inc.
Sun, whose server computers had been losing market share to less expensive machines made by Dell, two months ago introduced two servers that it hoped would turn the situation around.
As for stock options, under current standards, companies are not required to treat them as a regular cost of business. That practice is being reviewed by accounting standards bodies amid investor concerns about lavish executive option packages.
Sun is one of a number of companies that counts on options grants to help lure and retain employees, and McNealy has criticized the push to revise the practice.
Some technology companies have fought back against proposals to expense stock options, arguing in part that the move could make it harder for investors to understand a company's true operating costs because of difficulties in valuing such options.
Sun also granted Chief Financial Officer and Executive Vice President Stephen McGowan options to acquire 500,000 shares at the same $3.85 exercise price that McNealy was offered. McGowan's options vest in five annual installments of 100,000 shares beginning July 23, 2004.
Other executive vice presidents granted options for 500,000 shares were Jonathan Schwartz, who runs Sun's software group; Mark Tolliver, head of marketing and strategy; and Patricia Sueltz, head of Sun's computer services unit.
Shares of Sun fell 7 cents to $3.90 on Nasdaq. The stock has fallen from its September 2000 peak of more than $64 but has gained 25% this year.
inindiana I agree with you 100%. That will change. IHUB will not be taken to the level of Yahoo or RB. Things will get weeded out. Give it some time.
Snackman
I guess for the same reasons you keep making statements about Wave going out of business, getting kicked off Nasdaq and all the other things you said that never materialized.
Snackman
SKS never said it would or will happen. All he said is that Wave has the swing shares if someone wanted to take them over.
Of course it would be super if something like this happened and the buyout was at a price that would benefit Wave, but this was just idle talk at a dinner table. He knows of no one that is actually doing this to his knowledge at this point in time.
By: tophersaint
27 Jul 2003, 01:25 PM EDT Msg. 102173 of 102173
Jump to msg. #
Re: The Snacks/SKS dinner...
It is absurd and preposterous to think that SKS would have gone to a dinner in San Francisco with the goal of pumping the stock (i.e., making comments in the hopes of manipulating stock price upward.)
Absurd and preposterous.
This idea is so, frankly, dumb... it barely merits attention.
If I were SKS and my goal was, in fact, to PUMP the stock price, the ABSOLUTELY LAST thing I would want is attendance by any Wavoids who post on the DD board.
There's an old political campaigning trick that my brother-in-law, who lost a local election here in Austin about 12 years ago, taught me. His opponent sought out small groups of influential people who had NO press connections or ties to media. In those PRIVATE groups, his opponent indulged in defamatory remarks, innuendo and just out-and-out falsehoods... knowing that RUMOR would be brother-in-law's undoing... as opposed to STORIES that had to be vetted by members of the press.
At a time of INTENSE regulatory scrutiny--and, by the way, if ANYBODY would have bothered to have checked with SEC about proxies, they'd've learned that proxies are being finetooth-combed these days--it is (I'm gonna say this) RIDICULOUS to think that SKS had a dinner with investors (and DD board members) with the goal in mind of PUMPING the stock.
Best Regards,
c m
crazylarry, here is the quote from the post you say I am hyping.
Where exactly is the hype?
Snackman
1Wavoid, you are totally wrong about the possibility of raising 4-5 million dollars with zero dilution. All one has to do is get $1.50 in a private sale of it's SSP stock and it's a done deal. No dilution and money in the bank. So please don't say it's impossible because that is not the truth.