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Thanks Dig - I am not advocasting anything like that, just speaking for myself.
The Best Case Scenario would be if we all had our brokers move our shares from a margin account to a cash and also if we all refuse to "lend" our shares to some third party short via the broker. The supply of shares for shsorts would evaporate and the WAVX share price would then skyrocket. Just a thought. :)
News Tomorrow - Late buying spree with volume surge today?
Thanks Dig, it appears that there still is a potential revenue stream. - Fred
Thanks Lugan - Fred
Thanks to all for the prompt responses. The base of knowledge resident on this board never ceases to amaze me - it is that base that has allowed me to maintain my sanity while remaining a steadfast Wavoid long over the past 13-14 years. Best wishes to all for a very Happy and safe Holiday Season! - Fred
That's the one! Does anyone know the status or have an idea as to how this will all play out over 2012? Thanks in advance Fred
Does anyone recall Wave Systems making a deal about ten years ago with a Asian firm (could have been Samsung)to run the "backroom" for all trusted transactions? Thanks - Fred
Hi Alea,
I'm not sure that Wave still has a skunk spray strategy to disuade a hostile takeover. I believe there was a different class of common stock that had 5X the voting power of a typical common share. That special class was held/controlled by the Spragues. However with all the dilution and selling of shares by the Spragues - I think that the skunk spray has been rended ineffective. Best Regards, Fred
RC, I did the same thing a couple of months back when the SP was around $2.20. It also took a while to fill the orders.
I certainly hope that 2012 brings us the year of Wavoid its time for something more substantial than Kool-Aid. - Fred
B_P and RWK,
Many thanks! All of your rationale makes sense and as always, reading the thoughts and opinions of the members on this board always re-solidifies my belief in Wave during the periods of doubt.
The Kool-Aid does much more than merely refresh one's peseverance during this long-term, unbelieveable, ongoing slog (Gilder sure selected the right term as a descriptor).
Best Regards to all Wavoid Longs!
Fred
Why is the SP dropping? Does anyone have know of a reason since the volume appears to be in line with our normal daily average? - Fred
The Army Phone Wars Have Begun
By Spencer Ackerman
October 10, 2011 |
4:30 pm |
Categories: Army and Marines
Follow @attackerman
After 20 years, the Army has finally figured out how it wants to network soldiers together in a warzone: through something like a smartphone. It’s called Nett Warrior, and it’s got the Army very excited. There’s only one problem: Defense companies already want to render it obsolete.
Defense giant ITT picked just the right time to roll out its new secure smartphone. It debuted what it’s calling the GhostRider, pictured above, at the Army’s annual Washington, D.C. gala, known as the Association of the U.S. Army (AUSA) convention. The GhostRider isn’t really a phone — it’s just hosted on a commercial Android smartphone, in this case a Motorola Atrix — it’s a small encryption device, called a crypto, installed on a phone near the battery. Put it together with the smartphone of your choice and it’s a secure phone — exactly what the Army wants to one day issue its soldiers, and is still figuring out how to do.
“It’s called the GhostRider because the crypto is a ghost riding on the phone,” explains ITT vice president Richard Takahashi. “Oh, we’re fans of the comic books, too.”
The idea is that the GhostRider’s crypto can allow secure phone calls and text messages, transmitted over the Army’s data networks, anywhere out in a warzone. A tap-and-hold of the smartphone’s touchscreen turns the phone display red, to signal that the security features are engaged. Send another GhostRider user a secure text, and she’ll be asked to enter a passcode before her phone can receive and decipher it. Its security standards have been certified by the crypto experts at the National Security Agency, ITT tells any visitor to its AUSA pavilion who’ll listen.
That’s for good reason. Figuring out how to secure data is a problem the Army is still grappling with as it figures out whether and how to equip its soldiers with smartphones.
But look at the display on the GhostRider in the photo above. Notice it’s a map, complete with icons that indicate a user’s position, along with those of others on the network. That’s very, very similar to the functionality offered by the Army’s revamped Nett Warrior platform. ITT is offering the GhostRider crypto and software for a maximum of $1,500 per phone. And it’s not shy about where it goes next.
“We think Nett Warrior should be something like this,” Takahashi says. “This can be the smart device.”
Just a few yards away from ITT on the top floor of the Washington Convention Center, the Army is showing off the latest version of Nett Warrior, which it announced to reporters only on Thursday. Nett Warrior depends on a smartphone without a phone called an End User Device, which right now relies on an Android operating system to power a host of apps — especially the mapping functions that the GhostRider also runs. Here’s what Nett Warrior’s display looks like, projected onto a flatscreen TV, when the mapping app is engaged.
The icons tell positioning of the user — that’ll be the blue chevron — allied and subordinate units, and significant places for an operation, like buildings to clear or placements of enemy fighters. (Pinch in to focus, and swipe to move elsewhere on the map.) But Nett Warrior also tells a lot more. Tap the icon of the six blue boxes, and standard-issue apps pop up. One is a feature to call for medevac. Another is a planning feature, so a company commander can send changes to a plan to his platoon and squad leaders. Yet another is a secure messaging system. The one thing Nett Warrior can’t do is make a phone call.
That took a long, long time to develop. As recently as last year, Nett Warrior relied on a cumbersome eight-pound series of wearable computers, peripherals and mapping tools — all of which provided less data to soldiers than the smartphones they already carried around in civilian life. Quietly, over the last few months, the Army gave Nett Warrior a brain transplant in order to salvage the 20-year-old program. They’re happy with it now.
Nett Warrior’s architects have yet to decide what kind of commercial phone will be used to host the End User Device. Last week, the one-star general in charge of the program, Brig. Gen. Camille Nichols, said that she bought 60 Android phones from Best Buy to take to a networking test that begins next week. ITT wants in on that test. And while no one puts it in these terms, it’s possible that the GhostRider — or the next special-brewed phone by the next defense company — could be a Nett Warrior killer.
That’s because the Army is out of money.
Defense budgets are in for a steep, steep decline, all because of the government’s overarching fixation on reducing the budget deficit. That puts the Army’s acquisition programs under heavy scrutiny. Especially future acquisitions — like, oh, say, End User Devices and smartphones. An Army spokesman — a specialist who only gives his name as Johnson — says he’s “supremely, honestly” confident that the Army can afford to issue its soldiers’ smartphones. And that raises the prospect of expensive redundancy between a smartphone and Nett Warrior’s End User Device.
It doesn’t have to be that way. For one thing, not everyone will get Nett Warrior: It’s designed for use only in warzones. Smartphones could be used back at the safety of a base, to host training manuals as well as other, more mundane Army apps. For another, the Army definitely wants a commercially available smartphone, in order to control costs — and it might balk at ITT’s $1,500 price point. Paul Mehney, another Army spokesman, says the Army is testing and testing and testing some more to ensure it thinks through “who needs this capacity” for smartphones and End User Devices precisely so some soldiers don’t end up carrying two devices that largely perform similar functions.
But the Army, frankly, isn’t a very good steward of its own money. A recent internal review found that it had wasted $3 billion-with-a-B annually between 2004 and 2009.
Mehney says that a final decision about issuing smartphones to soldiers will come “in the next couple of years.” ITT is clearly hoping to be in the running. No matter what, Nett Warrior has a leg up: It’s way further along in the development process. But that’s not a guarantee that the program will survive, or avoid yet another major revamping. Nett Warrior may have finally incorporated smartphones into its design. But the Army might still decide it likes smartphones better — and can’t afford both.
Photos: Spencer Ackerman
Here's the link
http://www.wired.com/dangerroom/2011/10/begun-these-army-phone-wars-have/
Hang in there AZWaveman - we are closer to our objectives than we've ever been. I've essentially doubled-down on my investment (long-term wager) to facilitate joining the millionaire's club with just half of a hockey stick. Best Regards, Fred
IMHO, Wave security products will probably be made available as commodity items in the GSA catalog much like laptops.
The key will be the government/NSA directive/mandate for implementation and operation of Wave security products. Each agency would then procure the appropriate Wave products to satisfy their "mandated" security requirements.
Fred
Thanks 24601 and Player,
I am still learning - even at my age! See you both soon in Vegas - Best Regards, Fred
Maynard,
I was referring to the inability of the market makers to fill my buy orders in a timely manner.
Perhaps I am naive for thinking that I could place a large buy limit order in one block - it went unfilled and the price keep increasing as I increased my limit. When one places a large buy order with a limit at the Ask with only a partial fill totalling a few hundred shares and then seeing the Ask increase - it was somewhat of a revelation that not many shares of Wavx are/will be available when "when" arrives. Hence, the SP should skyrocket.
All IMHO Best Regards- Fred
IMHO I believe that the SP of WAVX will light up and rocket to new heights within the next two weeks. I base my prediction on Wave's involvement with NSA, with Mr Softee's security features in its new OS, and on revealing developments encountered as I doubled my investment in WAVX over the past two days.
I am a long time Wavoid from the days of the Silicon Investor some 13-14 years ago. Over the years I continued to increase my investment and didn't sell when Wavx closed over $50/share (to be honest my sell point was slightly higher).
I did purchase shares at $44, albeit only 100 shares, and still have those shares, with the 3:1 reverse split it would take $132/share to break even.
Over the years whenever I've had extra cash I bought Wavx and averaged down to where I now show a profit.
Recently I retired, and decided at age 74 that it is now or never, so I cashed in one of my 401K's and rolled it all over into an IRA that was set up to accumulate Wavx. Yesterday I initiated buy orders for Wavx that would double my holdings. Lo and behold, it was very difficult to fill my orders, even when I increased the limit to the Ask.
I finally resorted to placing orders for blocks of 10K shares that were a penny or two above the Ask and was able to completely fill all of my buy orders by noon today.
What I found interesting was the inability of the market makers to fill my orders in a timely manner, attesting to the scarcity of available Wavx for purchase. (Good luck to all shorts when you need to cover - your day is coming soon). That fact by itself could easily create a sesimic event for a Wavx tsunami!
Good luck to all Wave longs - and Weets - I truly believe that it is coming, and it is coming now.
All in my very humble opinion! Best Regards - Fred
Jas, As always succinct, objective, and very well stated indeed! Best Regards, Fred (we met at E3 many years ago)
Does anyone have any information as to what transpired at the SHM? Thanks! Fred
Weby,
I can't disagree with anything that you have said for I too am disappointed with the results to date.
Yes the list of broken promises is long and we the shareholders deserve an explanation. We also deserve to know what is the plan going forward, what is the strategy and how does Wave intend to implement that strategy?
Given the current situation of almost daily breeches in the "secure firewalls" of our key govenment and industry organizations it would appear that Wave Systems products and services would be in high demand - with a share price to match. That of course is not the case, and once again we deserve an explanation.
Perhaps, the recent silence (lack of news) is an indication that Steven Sprague intends to make several blockbuster announcements at the SHM. At the least, that is my hope - I've met Steven and am convinced that his intentions are honorable, and I look forward to this being our year. If it does not happen perhaps we, the shareholders, need to become more assertive and pro-active in demanding answers.
Oh well, one more week of sipping Kool-Aid as we continue the slog.
Last but not least, personal thanks to you for many insightful posts over the years. Your thoughts (and humor) have certainly lightened the load throughout the slog!
Best Regards,
Fred
Hi Donald,
We had dinner together with Wave execs, Snackman, Internet, et al, at a Steakhouse in Burbank after the E3 show in LA, many, many years ago. Who knew at that time that 13 or so years later we would still be "slogging" along waiting for the goose to lay its golden egg. Hopefully, this is the year. I've retired and would like to be able to enjoy the reward of being a patient long Wavoid.
Still drinking the Kool-Aid!
Fred
ExPat, Count me in as willing to support a "Shareholder" seat on the BoD. - Fred
Golpe De Mar - I appreciate your posts, keep up the good work. (BTW, I am not Sass) Best Regards, Fred
AWK - MANY THANKS for your guidance! I've purchased the DELL Latitude E6510, TPM 1.2 and ETS. And as you suggested, I contacted the Dell Sales Rep via telephone for a 250GB SED. - Best Regards, Fred
Great Find Wavedreamer - podcast is excellent and reassuring, a must listen by all "oids". - Fred
Need Recommendation: I am in need of a new Dell laptop and want to purchase a model that either comes with, or accommodates Wave Systems Trusted Platform Module and the latest version of Embassy Trust Suite. I would also like the Seagate Self-Encrypting Drive and any other Wave Systems products included with my laptop.
I am looking for a good solid laptop for business as well as private use. While price is always a consideration, it is not the major factor. I want a high-performace laptop with all of the Wave-Dell-Seagate security features.
Thanks in advance for any assistance that anyone can provide.
Best Regards,
Fred
Great News - lets see how the Share Price reacts tomorrow - and maybe with some PR, Steven will have good cause to celebrate at the afternoon AH party.
Considering the 1:3 reverse split, $12.50/Sh ($1B buyout; $1B/80M Sh)equates to $4.17/Sh. Realizing that same share traded at $50, or 12X S4.17, makes a buout of $1B look puny. After waiting patiently for over 14 years, I for one, would advocate a byout in the $15 to $30B range. Of course, Wave Systems sales would also need to be 10X to 20X ($300M to $600M) what they are today. IMHO, I think sales in that range could be realized within the next two years - with a $10M to $20M cash infusion for growth. Lets go Steven, I'm ready. - Fred
DD, I would not be happy with $9.625/sh after 14 years and an average cost of over $5/SH.
Long time since Silicon Investor - but, the good times are coming. - Fred
It is my understanding that if one is over 70 you cannot obtain a Roth IRA. - Best Regards, Fred
Thanks Blue Fin,
My ordinary income when I retire will diminish like most folks. So I will wait until then to make withdrawals of any sizeable (to yet be realized) gains and take advantage of my lower tax bracket.
Best Regards, Fred
Fullmoon - Thanks - I will examine all of the suggested options come Feb 1 - Fred
Thanks may1sep2! That's is what I hoope to do next year. - Fred
Thanks Wavemaster! Good thoughts and advice, but I don't have that amount of "dry powder". If I could double up here, I would have already retired. - Fred
Good day for bottom fishing, I've been adding to my position in anticipation our day in the sunshine. After 13+ years as an "oid" I'm retiring in February and will need to take the MRD (minimum required distributions) from my Schwab IRA. Hopefully it will be above my personal break-even ($3.75) at that point, or at some point during the year.
Many thanks to all of you (and especially Snackman, Donald Duck, and Internet - all of whom I've met at an E3 expo and dinner with SS and company many years back in LA) for without this board I would have sold out in despair many years ago.
I truly believe our time is here. The WAVX tsumani will happen overnight leaving the shorts with just their shorts and also catching the MMs "zigging when the should have zagged".
God Bless all the "OIDs"! - Fred
Weby,
Profound and Foretelling - your perceptions are 100% right on (IMHO). -Fred
Snacks is today's close a continuation of our streak of being up at the end of the week over the previous week? - Fred