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Don't forget the word "interesting".
Any updates from the Roth conference held yesterday?
Interesting options activity in the April Calls although none in the Jan's. - As opposed to none in either in the last couple of weeks.
Scottrade has had this notice in place since the Russell rebalancing. It was explained to me that it was due to market volatility and can come off at any time. This only applies to buys. Sell can still be done online. This has happened w/ Scottrade several times in the last several years.
Securities regulator goofs, sends out SSNs of 139,000 advisers
Source: http://www.investmentnews.com/article/20100706/FREE/100709934
By Darla Mercado
July 6, 2010
Advisers in Massachusetts were stunned after receiving a letter from the Massachusetts Securities Division, announcing that the regulator had accidentally leaked personal information on some 139,000 advisers registered in the Bay State.
The division, which is overseen by Secretary of State William F. Galvin, passed out the advisers' Social Security numbers, names and residential addresses to a trade publication called IA Week, according to a report in The Boston Globe.
The trade publication originally had sought a list of registered investment firms. Instead, it apparently received personally identifiable information about the advisers on a CD-ROM disk, according to the report.
IA Week returned the disk last month.
Last week, the state securities regulator sent out a letter to advisers who might be affected by the gaffe — including Deborah Maloy, principal of Maloy Financial Services and chairwoman of the Massachusetts chapter of the Financial Planning Association.
Ms. Maloy said she received her letter Saturday. She also said she was shocked.
“Client confidentiality is so important, and now our confidentiality is breached,” she said. “We didn't even think about it.”
Ms. Maloy said she may contact the three credit-reporting agencies and ask them to place a security freeze on her accounts, and she also may send out a heads-up to her FPA chapter's membership in an upcoming bulletin.
“This is a big mess,” she added. “[Mr. Galvin] is the guy who's regulating us, and he's always on our case.”
Indeed, Massachusetts is one of the two states that require that encryption be used for the storage or transmission of a client's personal data.
Officials at the Securities and Exchange Commission and the Financial Industry Regulatory Authority Inc. have been zeroing in on data security of late — but client data, not advisers' data. The SEC's Reg S-P spells out security requirements for client data held by advisers.
Meanwhile, Brian McNiff, spokesman for the Massachusetts Securities Division, said that the regulator has been hearing from advisers but that there is little cause for alarm.
“We've heard from advisers, but the important thing is that there was no breach and that the material was returned intact,” he said.
Data on 79,000 current and former workers stolen at American Airlines
Posted Friday, Jul. 02, 2010
BY JACK Z. SMITH
jzsmith@star-telegram.com
FORT WORTH -- A computer hard drive stolen from the headquarters of Fort Worth-based AMR Corp., the parent company of American Airlines, contained personal data on about 79,000 former and current employees, the company said Friday.
The data, which had been kept by AMR's pension department, is from 1960 through 1995 and consists of microfilm images. The data, predominantly on retirees and other former employees, includes names, addresses, birth dates, Social Security numbers and "possibly other personal information, as well as a limited amount of bank account information," AMR said in a statement.
Additionally, there was health insurance information on some people, "primarily enrollment forms," but also involving coverage-related care and treatment, AMR said.
The theft occurred "on or about June 3" and was discovered by the company June 4, the day it was reported to Fort Worth police, AMR spokeswoman Stacey Frantz said. Police are investigating. No one has been arrested, nor any employee dismissed in connection with the theft, Frantz said Friday.
"We're not aware of any fraudulent use of this information," she said.
The company delayed announcing the theft because it "needed time to understand the scope of the data" and to arrange one year of free credit monitoring for former employees and a small number of the company's 86,675 active employees who may be affected, Frantz said.
Patrick Hancock, national retirement specialist for the Association of Professional Flight Attendants, which represents about 18,000 American workers, said the union is "concerned about the loss of the data and we are hopeful that nothing comes of it."
"We wish they were more careful with the data at the headquarters, like union people are careful with the airplanes out in the world," he said.
AMR said it "has already implemented additional protective measures," including "additional physical security, access control and computer system vulnerability assessments."
Dallas lawyer Matthew Yarbrough, a former federal prosecutor who advises companies on data security, said AMR could face legal liability, depending on the security measures it took to protect the data. It could be the target of legal action from anyone from people who were harmed to agencies such as the Texas attorney general's office or the Federal Trade Commission "if it involves consumer information," he said.
JACK Z. SMITH, 817-390-7724
http://www.star-telegram.com/2010/07/02/2311156/data-on-79000-current-and-former.html
former.html#ixzz0sudwiqG8
Scottrade has it as restricted. You have to call your branch to purchase. They gave no reason as to why.
MDB Capital Bright Lights Award Winners
http://www.mdb.com/bright-light-award-winners.html
I didn't see this announced or in any headlines
Thanks E-class- The point is that Wave will not fall out due to a price drop now. The snapshot of market cap take place in May so any market action up or down from here on out is immaterial (unless a corp declares bankruptcy) which as you read from Toro's post was his concern. With only 8% Institutional ownership and 4% owned by insiders WAVX is not likely to be deleted due to cross- corporate ownership and/or large private holdings. Wouldn't you agree.
"Russell U.S. Indexes
On the last trading day in May, Russell ranks the 4,000 largest U.S. stocks by market capitalization. After the initial list of 4,000 eligible participants is determined, the shares outstanding for each company are adjusted for corporate cross-ownership and large private holdings. Therefore, the Russell Indexes include only the investable portion of the universe—that segment in which investors can freely transact shares. "
http://www.russell.com/Indexes/membership/default.asp
toro - Don't worry about Russell - the list has already been set (last trading day of May). The lists will get released in June and are effective at the end of the month.
Russell Indexes are ranked on the last trading day in May and take effect on June 25th.
http://www.russell.com/Indexes/membership/Reconstitution/default.asp
From the TechAmerica site detailing the event:
"3 Growth Focused Company Tracks
Qualification criteria ensures the 60 companies presenting over two days are growing firms:
-Special Cloud Computing Growth Track
-High-growth Public (under $500m) Track
-Late-stage Private (Series C or later and $10m or more in revenue) Track"
http://www.techamerica.org/growth-cap-2010
FWIW - Needham is a Platinum Sponsor
bold is mine
Wave/Russell - As of yesterday according to Russell's standards, WAVX was the 2,462 largest company so it would be in the 3000 and 2000 indices as well this coming reconstitution. It should also fall into the Russell 3000 and Russell 2000 Growth indices.
This does not guarantee that the stock will be purchased by all index funds. Some funds don't purchase every stock in the index, instead using quant models to create a portfolio with fewer stocks but similar performance to reduce transaction costs.
Mundo- Thanks for the patent post. Is this a good or bad thing?
Did anyone attend the meeting?
Archer Daniels? A customer? When was that announced?
RWK - a bit of short covering, and some momentum trading too.
Dell confirms plans to launch smartphone
By MarketWatch
Nov. 13, 2009, 8:22 a.m. EST
NEW YORK (MarketWatch) -- Dell Inc. confirmed plans Friday to launch the Mini 3, a so-called smartphone designed around Google Inc.'s Android platform.
Round Rock, Texas-based Dell (NASDAQ:DELL) said it will distribute its new smartphones through China Mobile (NYSE:CHL) , which has more than 500 million subscribers, and Claro, which serves more than 42 million people in Brazil as part of the network operated by America Movil (NYSE:AMX) .
Mossberg Reviews New Class of Ultrathin Laptops
WSJ's Personal Technology columnist Walt Mossberg reviews three ultrathin laptops for Fox Business Network. Video courtesy of Fox Business Network
More details about the smartphones will be released on a partner-by-partner basis when the devices are available in stores, the company said. It expects the Mini 3 to be available through China Mobile by late November and through Claro by the end of the year.
"Our entry ... is a logical extension of Dell's consumer product evolution over the past two years," said Ron Garriques, president of Dell's global consumer group.
In August, Dell began hinting that it would enter the mobile-phone market when it showed off a small, mobile device at an event in China.
Dell said it was the first mobile PC manufacturer to embed China Mobile's third-generation technology and services into its netbooks.
Android, the much-discussed software platform developed by Internet-search giant Google (NASDAQ:GOOG) , is part of the Droid handset from Motorola Inc. (NYSE:MOT) that hit the market earlier this month. See story on market's initial reaction to the Droid.
Copyright © 2009 MarketWatch, Inc. All rights reserved.
By using this site, you agree to the Terms of Service and Privacy Policy.
Waverider- I took ManyardG's posting as tongue in cheek regarding our fervent undying promotion of the stock/ company/ technology.
Frankly, based on the SP and my cost basis, I'm pretty safe regarding compensation...or lack thereof.
Nolan Bushnell is on CNBC as I write this speaking of the wonders of micro transactions and the hosts are lauding him as a genius! Haven't heard the WAVX mention yet.
But wouldn't they (google) want to drive users to their browser? So then wouldn't the wave/google relationship support googles browser before others? That doesn't appear to be the case.
Google Chrome not supported
Zuke - I clicked your link and got the following message
"The browser you are using is not supported by id.wave.com.
This site will use your computer's Wave TPM (Trusted Platform Module), which requires Internet Explorer on Windows XP or above.
Make sure that you are on a computer with a Wave TPM running Windows. Open Internet Explorer and visit id.wave.com."
Seagate Tech Swings To 4Q Loss; Ups 1Q Rev Outlook
DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Seagate Technology Inc. (STX) swung to a fiscal fourth-quarter loss - its third in a row - on restructuring and other charges, though results were better-than-expected, offering some hope that the disk-drive market is stabilizing.
The world's largest hard-drive maker by sales also raised its fiscal first-quarter revenue forecast, adding that the market for enterprise disk drives is starting to show signs of improvement and should see growth in the current quarter.
Though its bottom line remained pressured from sliding sales, Seagate raised its fiscal first-quarter revenue guidance to $2.4 million to $2.6 million. In June, it had forecast $2.35 billion to $2.5 billion.
Chief Executive Steve Luczo said the company is seeing signs that the overall storage market is improving, though ongoing uncertainty makes predicting demand difficult.
"We are approaching the September quarter cautiously," Luczo said in a conference call to discuss the results.
Seagate shares rose 1.8% to $11.40 in after-hours trading on the better-than-expected results and outlook. The stock has more than doubled in value since January but is still down more than 25% in the past year.
Seagate has cut costs as demand for personal computers weakened during the recession. In the past year, the company has shed more than a quarter of its workforce costs, suspended its dividend and sold $430 million of notes to raise cash.
But after two quarters of deep drops in revenue, some are now hoping that the market for tech products will improve through the second-half of 2009.
In the fourth-quarter, Seagate shipped 40.6 million hard-disk drives, down 5.6% from a year earlier. Inventories fell 38%, though the company said inventories throughout the supply chain did not show any signs of a build-up. Growing inventories would be a bearish signal as Seagate customers could begin cutting purchases if products stack up on their shelves.
"We do not see the buldup of inventory that some of the bear-side analysts have indicated," said Luczo during the call.
In the quarter ended July 3, Seagate reported a loss of $81 million, or 16 cents a share, compared with a year-earlier profit of $160 million, or 32 cents a share. Excluding restructuring and other charges, earnings fell to 6 cents a share from 37 cents, while revenue dropped 19% to $2.35 billion.
Seagate had predicted a loss of 37 cents to 47 cents a share, including 8 cents a share in charges, in April. Since then, the company boosted its revenue guidance to a range of $2.2 billion to $2.3 billion. Analysts, on average, expected a loss of 10 cents a share, excluding items, according to a poll by Thomson Reuters.
Gross margin fell to 17.3% from 23.8%, above its recently raised target of 15%. The disk-drive business is known for razor-thin margins and excess capacity.
-By Kathy Shwiff and Jerry A. DiColo, Dow Jones Newswires; 212-416-2357; Kathy.Shwiff@dowjones.com, jerry.dicolo@dowjones.com
Social Security number code cracked, study claims
WASHINGTON – For all the concern about identity theft, researchers say there's a surprisingly easy way for the technology-savvy to figure out the precious nine digits of Americans' Social Security numbers.
"It's good that we found it before the bad guys," Alessandro Acquisti of Carnegie-Mellon University in Pittsburgh said of the method for predicting the numbers.
Acquisti and Ralph Gross report in Tuesday's edition of Proceedings of the National Academy of Sciences that they were able to make the predictions using data available in public records as well as information such as birthdates cheerfully provided on social networks such as Facebook.
For people born after 1988 — when the government began issuing numbers at birth — the researchers were able to identify, in a single attempt, the first five Social Security digits for 44 percent of individuals. And they got all nine digits for 8.5 percent of those people in fewer than 1,000 attempts.
For smaller states their accuracy was considerably higher than in larger ones.
Acquisti said in a telephone interview that he has sent the findings to the Social Security Administration and other government agencies with a suggestion they adopt a more random system for assigning numbers.
Social Security spokesman Mark Lassiter said the public should not be alarmed by the report "because there is no foolproof method for predicting a person's Social Security number."
"The suggestion that Mr. Acquisti has cracked a code for predicting an SSN is a dramatic exaggeration," Lassiter said via e-mail.
However, he added: "For reasons unrelated to this report, the agency has been developing a system to randomly assign SSNs. This system will be in place next year."
The researchers say their report omits some details to make sure they aren't providing criminals a blueprint for obtaining the numbers.
The predictability of the numbers increases the risk of identity theft, which cost Americans almost $50 billion in 2007 alone, Acquisti said.
A problem in the battle against identity thieves is that many businesses use Social Security numbers as passwords or for other forms of authentication, something that was not anticipated when Social Security was devised in the 1930s. The Social Security Administration has long cautioned educational, financial and health care institutions against using the numbers as personal identifiers.
"In a world of wired consumers, it is possible to combine information from multiple sources to infer data that is more personal and sensitive than any single piece of original information alone," he said, warning against providing too much data on social network sites.
Acquisti, who researches the economics of privacy, said he got interested in what could be learned from easily available by looking at social networks, which he termed "a great experiment in self-revelation."
People were willing to include their date of birth and hometown, he said, and he already knew that was part of the information used in issuing Social Security numbers.
So the researchers turned to the SSA's "Death Master File," which lists the numbers of people who have died. The purpose of making that file public is to prevent impostors from assuming the Social Security numbers of deceased people.
But by plotting the data for people listed on the file between 1973 and 2003 the researchers were able to develop patterns for number issuance.
"I was surprised by the accuracy of certain predictions," Acquisti said.
The system can produce a range of possibilities for the last four numbers, making it easier for a computer to test the possibilities until the correct number is found for an individual, Acquisti explained.
In addition, "attackers can exploit various public- and private-sector online services, such as online "instant" credit approval sites, to test subsets of variations to verify which number corresponds to an individual with a given birth date.
While it was well known that the numbers have a geographic component, past studies have used the patterns plus other data to estimate when and where a specific number may have been issued.
"Our work focuses on the inverse, harder, and much more consequential inference: it shows that it is possible to exploit the presumptive time and location of SSN issuance to estimate, quite reliably, unknown SSNs," Acquisti said.
The research was supported by the National Science Foundation, the U.S. Army Research Office, Carnegie-Mellon University and the Pittsburgh Supercomputing Center.
___
On the Net:
PNAS: http://www.pnas.org
Nice volume for the first 15 minutes of trading!
To all who attended the shareholder's meeting- Were there any institutional investors or analysts in attendance? If so, who? Thanks.
40K @ .94. Nice block
Scottrade has a (T) next to the trade and highlighted in red. I'm not sure what that means but usually the color indicates a sale (I think). Whatever it is, it's nice to see some premarket activity and a bid at .90.
Not necessarily. If you knew that their capital needs were sufficient because of the exercising of the warrants and that they would not have to do another PP and that the shares exercised were already accounted for, would you pay a lower price?
With the assumption that $1,449,217.90 would come into WAVX's coffers with the exercise of those warrants, would another PP be necessary? Pure speculation and something only WAVX would know.
Vendor Debt- Do we owe them or do they owe us?
Boeing connection -this was implied by a poster several months ago. Sorry but I don't recall who. At any rate this is fantastic news!!!
This private placement is pretty impressive in this environment given the aversion to risk and desire for income. Speaks to the outlook for WAVX and investors view on the market in general.
No Trades yet? I was hoping to see a trade before 10am.
Did the meeting with the NASDAQ occur today?
Podcast Interview with Next New's Fred Siebert
http://www.venturevoice.com/
VV Show #43
Gap: laptop with 800,000 job seekers' data stolen
NEW YORK (Reuters) - Clothing retailer Gap Inc said on Friday that a laptop computer containing personal information for about 800,000 job applicants was stolen from a vendor it used to manage that data.
An investigation is under way.
The stolen laptop contained personal information for people who applied for store positions with the company's Old Navy, Banana Republic, Gap and Outlet stores in the United States, Puerto Rico and Canada between July 2006 and June 2007.
Gap said the applicants' Social Security numbers were included in the stolen information and that it is offering them a year of free credit monitoring services with fraud resolution assistance. Canadian applicants' Social Insurance Numbers were not stolen, Gap said.
The information on the laptop was not encrypted, a fact Gap said is contrary to its agreement with the vendor. But Gap added that it has no reason to believe that the data on the computer was the target of theft or that the personal information has been accessed or used improperly.
"We're reviewing the facts and circumstances that led to this incident closely, and will take appropriate steps to help prevent something like this from happening again," said Chief Executive Glenn Murphy.
The company uses more than one vendor to manage its job applicant data, so this does not affect everyone who applied during that period, the company said.
(Reporting by Martinne Geller)
Probably just an average of Red Chip and Dutton but definitely nice to see.