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No hype here CL, only your imagination playing games with you again. I never said he could get $1.50. If you read it again I said that if it was possible to get $1.50 in a private sale again, the word IF.........4-5 million could be raised that way without any dilution at all.
SKS said that with the holdings of the two major players of SSP stock, that Wave had the swing shares to facilitate a buyout of SSP if a third party had eyes to do that.
Please don't put words into my mouth. I never hyped anything about $1.50 selling price on the open market.
Snackman
magdelina, I am not attacking anyone. 1Waiviod has mentioned several times about the 'dinner'. I find it funny you don't criticize him about it, but you find the time to criticize me answering him.
Do you have something to add to the discussion regarding the 'dinner'?
Snackman
1Wavoid, you are totally wrong about the posibility 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.
Also you keep harping on the fact that there was a dinner. It sounds to me that there is a little jealousy going on here because you were not there. I am sorry about that. I had no idea I would be there until 12 hours before it happened. It was just by chance.
There have been many 'dinners' between management and stockholders over the years that I was not able to attend. It did not bother me. In fact, I have had dinner with management quite a few times over the years and I find it nothing more than a good old time. No inside information was ever given out, never.
Snackman
I believe SKS is the SKS. I sent him the link to this site so he could see where everyone was. I don't think you will see him posting. I believe he is just letting us know that he knows about this site. You will be able to tell by the lack of posts from SKS that will prove that he is the real SKS in my opinion.
Snackman
CPA, I think this is the first post I totally agree with you 100% over the last few years. LOL
I know you will be back in and I know you will be rich too. My opinion only however.
I welcome you back in. It's going to be a fun ride.
Snackman
Rachelelise, I'm not convinced an SP investment won't happen. It could be the best kept secret Wave has ever experiance. It could still happen.
We'll see.
Snackman
CPA. I'm not going to lose sleep over it. What will be will be. I placed my hard earned money in the company, as many others have, and until I see something that tells me we won't succeed, I will remain with my investment. I do appreciate you and all the others that are warning us daily about this investment. I heed your warnings. At this price what would you suggest we do? Sell now?
I think you are going to be very surprised at what happens over the next six months.
Even if there was a 50% dilution, which I highly doubt, if Wave turns into a billion dollar company so what?
SKS is trying very hard to make the next deal without any dilution at all. Those are his words, not mine. I wish him the best of luck.
Snackman
Just so you all know that I am subject to the same rules as all of you. Just had a post of mine deleted by Matt. Shows you that there is no favoritism here and no blank check for me or 2b.
Ihub is running this board, not me and not 2B. Make no mistake about that.
Snackman
You still don't get. Attestation by itself is a non issue. There are no revenues from an attestation. It is not a 'thing'. It is part of a system, get it? Part of a system. Not free standing. Works with the TPM to [authenticate] the user. Get it yet?
Snackman
Rachelelise, attestation by itself is nothing. It verifies the person as to who he is. AS you know, attestation is tied into the TPMs. One can not work without the other. The more TPM working, the more revenues. As a total package it will return revenues. Alone they mean nothing.
Snackman
Kev, hate to blow your conspiracy theories but SKS had no idea Barge and I were coming to dinner. Or XAM for that matter. He only knew that BTTB had set it up.
Barge and I did not know until a few hours before we left that we were even going to go. As we could not get a flight home (last flight out of the Bay Area was 10:00) and we did not want to drive the 12 hours round trip. Barge talked me into it at the last minute otherwise I would not have gone at all. (He promised me he would not talk to me about Web services during the drive and that is what convinced me to go)
Sorry you think some big secret thingly was going on but that is far from what happened.
I wonder why people always look for the worst in things. Life is so short, you would think people would look for the good in things.
Snackman
See, Crazy, you do not understand Wave at all. There will be no revenues from attestation. There will be revenues from trusted services. Attestation is part of the technology that assures who you say you are.
Please share with us how you think attestation produces income.
Snackman
Your arguements are really not worth the time to answer.
Snackman
Tampa we were relentless and SKS was very accommodating and generous with his time.
I still believe it is written and is a done deal. However, there are no guarantees and there are things that can prevent us from winning, that are out of our control.
You can not blame any slippage on Wave. Wave has the product. It is a matter of the 'customer' shipping when he says he will.
If an OEM decides to wait an additional three months what do you expect Wave to do? And would you say that that is Wave's fault?
The OEMs now realize TCG is going to happen. When two gorillas like IBM and HP deploy, then the rest either have to catch up or lose market share. I don't think $5.00 is going to keep them out of the TCG market.
Again, I ask you: Would you pay $25.00 more for a computer tha is secure over one that is not? I think so.
The market is finally here for Wave. Things of this nature move in slow motion. Once we get traction and start pumping out 1-2 million a month, the fear of this investment will dissipate.
There is still risk in this investment. One must analyze that risk against the reward. There are no guarantees in ANY INVESTMENT.
For me, I am content to wait it out a little longer. After close to 7 years I can handle one more.
I believe that we will deploy in big numbers and that we will be successful. Just my opinion.
Snackman
Hey Wiz, thanks for the not so nice words. Just want you to know that I hold you in high esteem.
Have a nice day.
Snackman
Mig, 14,000 shares traded. Give me a break.
Snackman
Compliments of JParis.
Thanks JParis,
Snackman
----------------
http://story.news.yahoo.com/news?tmpl=story&cid=569&ncid=738&e=2&u=/nm/20030724/tc_n...
High-Tech Votes Can Be Hacked, Scientists Say
Thu Jul 24, 6:06 PM ET
Add Technology - Reuters to My Yahoo!
By Andy Sullivan
WASHINGTON (Reuters) - Software flaws in a high-tech voting system could allow vandals to tamper with election results in several U.S. states, computer security researchers said on Thursday.
Interest in electronic voting systems has grown since the 2000 presidential election, when problems with primitive punch-card systems in Florida led to a bruising, weeks-long recount battle ultimately settled by the Supreme Court.
But researchers at Johns Hopkins University and Rice University said they had uncovered bugs in a Diebold Inc. (NYSE:DBD - news) voting system that could allow voters and poll workers to cast multiple ballots, switch others' votes, or shut down an election early.
"It's unfortunate to find flaws in a system as potentially important as this one," Tadayoshi Kohno, a graduate student at the John Hopkins Information Security Institute, said in a telephone interview.
The researchers found the software on a Diebold Internet site in January and said they believe it was at the heart of an electronic touch-screen voting system used last year in Maryland, Georgia, Kansas and California.
A Diebold spokesman did not return several telephone calls seeking comment.
While researchers said they did not know for sure whether the software had been used in voting situations, they said comments and copyright notices in the code indicated that it was legitimate.
"I have no proof that this is what's running in their systems, but I would bet it's pretty close," said Avi Rubin, technical director of the Information Security Institute.
FLAWS IN THE SYSTEM
Rubin, Kohno, Johns Hopkins graduate student Adam Stubblefield, and Rice University computer-science professor Dan Wallach said they had uncovered several flaws in the system.
Encryption of sensitive data is spotty, they said, allowing outsiders to reach into the system and change election tallies. A lack of oversight in the development process could allow programmers to create secret "back doors" for tampering as well, they said.
Though the system relies on credit card-style "smart cards" for authentication, voters can easily create their own bogus cards to cast multiple ballots, or administer larger changes by posing as a poll worker, they said.
While such bugs are common in commercial software used to run desktop computers and Web sites, voting systems should be held to a higher standard, they said. Diebold should open the system up for public scrutiny to uncover other flaws, or at least design a paper trail to guard against electronic tampering, they said.
Rubin said the software was so full of errors that it would have to be rewritten completely. Even then, he said, computers and voting should not mix.
"I am against electronic voting because I think voting is too important and computers are too difficult to secure," he said.
Rigggghhhtttt. Have SKS pay for the meal because Wave has a lot of money. I could see you guys posting about 1000 posts if SKS paid for the meal sith Wave's money.
BTW, he offered to pay for his share and we refused.
Snackman
From Countryboy.
Thanks,
Snackman
=============================
Posted on Wed, Feb. 26, 2003
Touch voting devices get OK
BOARD TO LET STATE DECIDE ON PAPER RECEIPTS
Santa Clara County supervisors rejected pleas from computer scientists Tuesday that they require new electronic voting machines to produce a paper trail after each touch-screen vote is cast, leaving that decision to the California secretary of state. But supervisors did vote to set up a limited pilot project for November's election that will give some voters a
physical receipt to verify their otherwise ethereal ballot.
``The good news is that the supervisors have seriously had their awareness raised to the possibility of fraud and undetected malfunctioning or errors,''said computer scientist Peter Neumann. The bad news, added Stanford University voting expert David Dill, ``is that the door is not closed on the wrong thing happening.
``They may make history, but they haven't yet,'' he said.After Tuesday's 3-2 vote, supervisors will begin negotiating with Sequoia Voting Systems of Oakland to buy at least 5,000 electronic voting machines. The company will get the $20 million contract only if it agrees to provide paper printouts
when -- and if -- the California secretary of state calls for printed verification of electronic votes.
State leaders are watching progress here, in one of the last California counties to cast off the outdated punch-card ballots.
This month, in response to stepped-up pressure from a nationwide network of computer scientists, voting rights advocates and security and fraud experts, California Secretary of State Kevin Shelley launched a task force on electronic voting. Members are expected to call for security guidelines and the need for verification of votes.
Shelley has the power to certify -- and decertify -- voting machines in California. If he ultimately decides that voting machines in California must produce a paper trail for both voters and officials doing recounts, manufacturers will have to build in printers.
The machines Santa Clara County may soon purchase are now 6 months old, a prospect that worried supervisors Liz Kniss and Jim Beall, who voted against the Sequoia negotiations. ``We are looking at first-generation models when second-generation models exist, and I'm very troubled by that,'' Kniss said.Others at Tuesday's board meeting also urged caution, with so much at stake for the county's 730,000 registered voters and precincts across the country looking to this technological heartland for leadership. Ed Morillo, a county elections specialist, urged the board to make the right decision, not a hasty one.
Remember, he said: ``The value of one vote is the only thing the rich man and the poor man have in common.''
http://www.bayarea.com/mld/mercurynews/news/5265672.htm?template=contentModule
s/printstory.jsp
Posted on Wed, Feb. 05, 2003
Santa Clara County postpones buying electronic voting booths
By Katherine Corcoran
Mercury News
The Santa Clara County Board of Supervisors delayed choosing a vendor for a new electronic voting system Tuesday, citing questions about cost, security and accessibility of the new machines to the disabled.
The board, under federal court order to replace its punch-card system before the March 4, 2004, presidential primary, received a recommendation from staff to negotiate a contract with Sequoia Voting Systems of Oakland to implement 5,000 touch screens in 1,000 precincts, a system that will cost $20 million.But supervisors decided they needed more time to consider the move to electronic voting after hearing from several computer scientists, who said that the system could be easily manipulated or tampered with.More than 100 computer scientists and experts have signed a petition asking that any electronic voting system include a way for voters to receive a paper copy that will verify the vote they recorded electronically.
With the proposed Sequoia system, ``there's no assurance that the vote that appears on the screen is the one that's recorded,'' said Peter Neumann, principal scientist at SRI International in Menlo Park.Sequoia officials said safeguards are programmed into the machine to prevent tampering and to check for accuracy. But they also said if the supervisors want machines to produce voter-verifiable paper ballots, Sequoia would add that capability.
Supervisor Jim Beall said he wanted more information on whether the machines will be accessible to people with disabilities, including the blind.Board Chairman Blanca Alvarado said she also is concerned about costs. While $9.5 million is supposed to come from the state, she said there's no guarantee the county will be reimbursed given the budget crisis.
The registrar of voters chose Sequoia after reviewing proposals from three vendors, basing their decision in part on input from consultants, a county technical team, and potential voters, who tried all three systems. County staff recommended Sequoia because it had the best system for handling the county's
multilingual ballots.
The board will take up the issues again in work session at 2p.m. Tuesday and is scheduled to make a final decision Feb. 25.
http://www.bayarea.com/mld/mercurynews/news/local/5109600.htm?template=content
Modules/printstory.jsp
Kniss Try: Fostering open competition or helping pals?
Kniss Takes Stock
Palo Alto millionaire and Santa Clara County Supe Liz Kniss is sweet on voting-machine provider wannabe Hewlett-Packard. And that's probably not just because her husband, Rick Kniss, worked as senior VP of HP offshoot Agilent Technologies, either. Nor does her corporate friendship stem from designs on Joe
Simitian's Assembly seat, as she insisted to Eye last week that she has none. Eye learned from one alert source that the Knisses owned millions of dollars worth of HP and Agilent stock. According to her March 29, 2002, Statement of Economic Interests, the former Palo Alto mayor and Sun Microsystems PR flak owned more than a million bucks worth of HP stock, as well as a seven-figure chunk of Agilent. Eye's spy says that at the board's Tuesday, Feb. 25, meeting, through an aide Kniss pushed her hometown company to present its case for the $20 million contract, despite the fact that the company wasn't even in the running. She also made a motion to throw out the first Request for Proposal process and start over to give recently state-certified voter-machine vendors HP and others another chance. But it flopped. Only three providers--Sequoia, Election
System and Software, and Diebold Election Systems--made it to the finals, because they were the only vendors with state-certified machines at the time the bidding process beggn. As for HP, "They kind of came in at the very last minute,"
notes Supervisor Pete Mchugh's voting-policy aide, Mainini Cabute. Kniss was in Washington, D.C. this week and unavailable for a chat. But Kniss' aide, Ernie Tedeschi, tells Eye he asked Kniss about the stock. "I'm not sure of the details of that," he says, "but my understanding is that they sold all the stock
when [Rick Kniss] retired." Sadly for her, Kniss failed to stop her colleagues on the Board of Supes from picking Sequoia voting Systems as the valley's new ATM-esque mechanical voting system. Happily for Kniss, she sold her stock at a good time.
http://www.metroactive.com/papers/metro/03.06.03/public-eye-0310.html
News Release 29 May 2002
De LA RUE ACQUIRES NORTH AMERICAN ELECTION SYSTEMS BUSINESS
De La Rue, the cash to secure transactions Group, has today announced the acquisition of 85% of the share capital of Sequoia Voting Systems Inc. ("Sequoia") one of the largest providers of voting equipment, software, ballot printing and election services in the USA. De La Rue has acquired the business
from Jefferson Smurfit Group plc, the international paper and packaging company who, under the terms of the agreement, will retain 15% of share capital in the business for a minimum of three years. The consideration is US$ 23m, (£15.8m) with a further payment of up to US$12m (£8.3m) dependant on certain performance criteria being met, linked to agreed sales growth. As at 31 December 2001, Sequoia had estimated net shareholders' funds of $4.2m and the transaction will be debt free and earnings neutral in the current year.
Sequoia offers hardware products in all major segments of the North American elections market, including direct recording equipment and optical scan systems. The company also supports its hardware with proprietary software systems enabling municipalities to fully computerise their voter registration, ballot creation and election tabulation processes. With over 25,000 touch screen and electronic voting machines in use across the USA, Sequoia is a leading supplier of electronic voting machines in the country. The company also operates a
printing business to support customer needs for paper ballots (punch cards and optical scan) and information booklets. Based in Oakland, CA Sequoia currently employs 140 staff with a strong customer base in the West Coast and North East of the USA.
De La Rue is acquiring the business as part of its strategy to invest in new business opportunities and also to build on its position as a leading provider of secure, government identity solutions. De La Rue sees the election systems market as having strong potential for growth with Sequoia well positioned to
take advantage as the market in the USA moves to increasingly automated voting solutions. In the short term, expectations are high that some US$3-US$5bn of Federal funding for electoral reforms will accelerate the evolution of the market to adopting highly secure automated election systems. In addition, in the
medium term De La Rue sees opportunities for future revenues through servicing and upgrading of the installed base of hardware and software and the provision of technical and consultative services. De La Rue also sees potential for international expansion of the business through leveraging De La Rue's strong relationships with the world's governments.
Based on the unaudited management accounts for the 12 months ended 31 December 2001 the business had a turnover of US$27.5m (£18.9m)and recorded an operating loss of US$10m (£6.9m). However 2001 was not a typical year due to the market awaiting the outcome of Federal electoral reform funding initiatives. In
2000 the business made a profit of US$6m on sales of US$45m and will also be profitable in the current year based on management projections. During 2001, the business also invested in developing its product range ahead of the anticipated increase in demand and has subsequently won a number of contracts in
the current year incorporating its touch screen voting technology.
The business will continue to report to current Sequoia President, Peter Cosgrove who will report directly to De La Rue Chief Executive, Ian Much. This is in order to take full advantage of the immediate growth opportunities in the
North American market and to explore the opportunities for further longer term growth in services in the USA and international expansion. For financial reporting purposes the business will report within the Global Services division.
It will continue to use the Sequoia brand in the USA market where it has an excellent reputation.
Commenting on the acquisition, Chief Executive, Ian Much said:
"The acquisition of Sequoia Voting Systems adds a new strategic dimension to De La Rue's range of secure transaction solutions and complements our existing core competencies in providing worldwide government identity solutions. Sequoia is a major player in the US election systems industry with an excellent
range of voting solutions with considerable knowledge and expertise of the North American market. Coupled with De La Rue's solid financial strength, strong international government relationships and geographical reach, this acquisition
allows us to immediately capitalise on this growing market in the USA. Looking to the medium term it will also allow us to expand the business internationally in the future using our combined strengths."
http://www.delarue.com/DLR_Content/CDA/Pages/News/articles/210/0,1820,,00.html
1wavoid, your right. From now I promise that if I ever have dinner with someone from the company or if I talk to someone via e-mail or on the phone, I promise to never ever bring that to the board. I sure don't want to make you 'feel good' because if you look at your last few dozen posts it seems you haven't felt good in a long time.
I will never do it again, I promise. Feel better now?
Snackman
Zen, maybe the compensation was high in the past. However one must messure that against results and the results aren't in yet. We may find out that they were actually to low.
And if they were to high, what good would it do to bring it up now? That was in the past and can't be changed.
But, as I said earlier, the jury is still out regarding the results.
Remember, we started out as a metering chip. We have changed with the times and now have something for the security business that no one else has at the momment.
If we are in 50 million computers three years from now, with even a 50% activation rate @ at a low $20.00 per seat, then I don't think anyone will complain about the past salaries.
Snackman
eamonnshute, if a lot things don't fall into place in the next six months it won't matter if there is an announcement or not because I doubt Wave Systems will exist as we know it today. WE NEED SOMETHING NOW!!!
I'll take my chances for something between now and the SHM. Of course they could hold something until after the close of the day of the meeting. We'll see.
Snackman
timmers, thanks for the kind words. Let hope that things begin to happen next week.
Snackman
orda sorry to say that I reported everything I remember. I thought more might come back to me but I think I covered all that I heard. Liberty was not mentioned.
Snackman
Kevin, HHH is in IHUB's jail. I doubt Trance would last through the first three free posts allowed by IHUB.
Snackman
orda, he had his lap top in his brief case and he called it a slide.
Snackman
Not that I recall.
Cricketcricket Kevin is on vacation. He almost made it to the dinner but it was a choice between staying with his family or coming. As it would have taken him three hours round trip plus four hours at dinner, he elected to stay with his family on vacation. Right choice.
I am sure you will see Kevin soon.
Snackman
P.S. Thanks for the nice words.
That was a private conversation that no one else heard, and I will keep that to myself so as not to get those who would claim hyping.
Snackman
Great post Barge. The conversation you paraphrased with SKS is new to me because with the Major's noise in the background and SKS facing you with what you talked about, I did not hear. Thanks for sharing.
I want you all to know that we left San Francisco at 11:00 P.M. that night to drive back to L.A. (I wanted to stay over but Barge had to be back the next morning) and the thing that keep me up for the next six hours was talking about Wave (what else) and trying to figure out what happend in the previous four hours.
As to those that are not happy we had dinner with SKS, let me say it was just a fluke. BTTB was having a SF dinner and on a whime, called Lee to see if anyone would be around so that he could invite them to dinner. It just so happened that SKS was going to be in town.
Everyone here has the same opportunity. Have a dinner and if someone is in the area, invite them. One word of caution, Have Money.
Barge, it was a great trip all around, the ride up, the dinner and the ride home. It was terrific. Thanks pal.
Snackman
WEby, to be honest, it was difficult to see on the lap top (he turned it around so everyone could see).
The three names I am pretty sure I saw was Northrup, Wave and Maximus.
Snackman
Once again CL, you do not understand the difference between opinion and fact. I have no problem with you stating your opinion. I do have a problem when you take someone else's opinion and state it as fact.
You did not see anyone dispute crickets opinion it so you assume it as fact? Bad assumtion.
Please let's not take anymore board time on this. Just either back up your statements or make sure you state them as opinions.
Snackman
weets, welcome, no I did not. I asked about Maximus and DoD and that is when he showed us the slide about a Govt. list that we are on.
Snackman
cricketcricket, not by sometime next week. I said that SKS said we would be in many boxes (PC OEMs) by year end, not next week.
Snackman
I hope you understand opinion and fact. It was Cricket's opinion, so please don't try to manipulate his post as fact. It was just his opinion.
Snackman
go-kiresurf, go back to yesterday's post where I talk about the 'others' and their understanding of the technology.
As to the sale of SOL you must understand that that was my impression, my opinion, not something that was said as fact.
Snackman
crazylarry you seem to always find something negative on Wave but never post the link that backs you up. If you read that verisign is working on Attestation please provide the proof (Link) or do not post it as fact on this board.
Now, if it's just your opinion, fine, state it as such, but don't post it as fact unless you can back it up.
Thank you,
Snackman
Yes, it is up to the other party we are dealing with as to when and if an announcement is made.
One has to consider that when we have a contract from National say, they are the ones that have the customers and they are the ones that are including our technology in thirr customer's boxes. It is like a steering wheel manufacture supply product to GM. GM is not going to send a PR on every company that supplies them product for the finished product.
We have contracts because we are shipping product as we speak to National. It is not up to us to put out a PR on product we are shipping to National for thier customers, and it's probably never going to happen (A PR on that contract).
However, when we start to see revenues from the product we shipped on those contracts, perspectives and awareness of Wave will change, and then, and only then (having revenues) will the street ever know about Wave Systems.
Snackman
rachelelise, I agree. Even though we (I) are lead to believe that an SP investment will not happen many strange things happen when you least expect them. Although I do not expect an SP investment at this point in time, with all the rumors in the past that have not happened, maybe this time an SP investment is going to happen and it is the best kept secret Wave has ever been able to hold on to. One thing for sure: we will know one way or the other well before October.
I still believe we have only seen the tip of the iceberg. One year from now we will all be very happy (except for some that post here, I am sure everyone knows who they are) or those 'someones' will be the only ones left here smiling gleefully that they were right and we were wrong.
There will be a winner and a loser a year from now. We will just have to wait and see if our leaders are the winners we think they are.
Snackman
24601 and I are friends. We have been for a very long time.
I removed a post of 24601s because I believe it attacked HhH. Now, you all know I do not love HhH. But is all fairness it was an attack on him and that is not allowed here. 24601's post was deleted.
Snackman