Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Rashad Hussain, was appointed as special envoy and coordinator for strategic counterterrorism communications. The State Department said his job will be “to develop strategic counterterrorism communications around the world” to combat recruiting efforts by al Qaeda and the Islamic State
I understand that and I think it is contributing to the bum's rush Wave is getting on another site.
If the lawsuit proceeds, I am sure some of these emails, of which I was not often privvy, will be unearthed.
I'm not talking about emails full of irrational exuberance pumping WAVE.
I am talking about emails purportedly forwarded from employees of Wave's C Suite.
What about all the behind the scenes emails that floated about now and then.
There is (alleged) written word from CEO's and other company officers that surfaced now and then.
I saw a few of those but always knew I was only seeing the tip of the iceberg. My sense is there was a greater circulation of "little birdie" messages than hit my inbox. In fact there were times I felt left out (FOMO) and ignorant of board topics because they had in fact been discussed off-site, so to speak.
What is a shareholder derivative lawsuit?
A shareholder derivative lawsuit is a legal action filed by an individual shareholder, in the name of the company, to redress wrongs or harms to the company that the Board of Directors or Officers will not address themselves.
Individual shareholders normally have little power to control the day-to-day management of a company. Instead, the shareholders elect a Board of Directors to oversee management. The Board of Directors, in turn, appoints Officers to manage the day-to-day affairs of the company. The Directors and Officers are in charge of protecting the company and its shareholders.
But what happens when the Directors and Officers are themselves harming the company? The Directors and officers will never sue themselves. In such situations, the law allows individual shareholders to file a lawsuit against the Directors and Officers to redress the harm done to the Company. The individual shareholder stands in the shoes of the company and derives his or her right to sue (hence the name derivative) from the rights of the company itself.
Derivative shareholder lawsuits are frequently brought to redress the following types of wrongdoing by the Board of Directors and/or Officers of a company:
Breach of fiduciary duty
Fraud or other unlawful activity
Self-dealing or greed by insiders
Conflict of interest
Waste of corporate assets
Accounting wrongdoing
Inflated, false, or misleading financial statements
inflated executive compensation
Management or board decisions that expose the company to harm, violate consumer protection or other laws.
Note, however, that the law imposes numerous and complicated limitations on shareholder derivative actions. As an example, in many states, the individual shareholder must make a pre-suit demand upon the Board of Directors to take whatever action is requested in the derivative lawsuit. If the pre-suit demand is not properly made, the lawsuit may fail.
Other states follow a different rule and consider the making of a pre-suit demand to constitute a waiver of any right to claim that the Board of Directors has a conflict of interest. In these states, making a pre-suit demand may cause the lawsuit to fail.
In short, the legal rules governing the procedures for derivative lawsuits differ from state to state and are extremely complicated. Before considering any shareholder derivative lawsuit, you should consult an attorney who is skilled and knowledgeable in this area of law.
Trying to bring in some Dallas money.
And teh VW effect on Tennessee?
What's the word from the plant?
You have succeeded in wounding with words.
Such a super liberal, so far ahead of his time...
PS I'm done.
What we disagree on is your high handed attitude and better than those who went because you think you're the smartest guy in the room.
Cool!
War is Hell! All the latest ones have been to support the military industrial complex and make rich people richer.
Your foresight is commendable.
In 1969 when I got drafted, all I wanted was to drink beer and get laid.
I wasn't into such high minded activities as saving the world by insuring voting rights.
And I was a blue collar guy from Haverhill working my way through HS digging ditches for the gas company.
So don't go indicting a generation of guys who went as dumber than you.
Maybe you should be grateful it was them and not you.
Well Hooray for you!
Aren't you lucky to be so smart!?!
Some of us saw it as doing the right thing in spite of...
Careful when you indict a whole generation of guys who "asked what they could do for their country."
Just received this in an email:
At this writing Brock Holt is batting .292 with six errors in 293 chances and Pablo Sandoval is batting .265 with 10 errors in 175 chances, yet Sandoval made more money in his first five games ($543,000) than Holt will make all year ($530,000). Baseball teaches us that life isn’t fair. ...
Just received this in an email:
At this writing Brock Holt is batting .292 with six errors in 293 chances and Pablo Sandoval is batting .265 with 10 errors in 175 chances, yet Sandoval made more money in his first five games ($543,000) than Holt will make all year ($530,000). Baseball teaches us that life isn’t fair. ...
Just received this in an email:
At this writing Brock Holt is batting .292 with six errors in 293 chances and Pablo Sandoval is batting .265 with 10 errors in 175 chances, yet Sandoval made more money in his first five games ($543,000) than Holt will make all year ($530,000). Baseball teaches us that life isn’t fair. ...
Just received this in an email:
At this writing Brock Holt is batting .292 with six errors in 293 chances and Pablo Sandoval is batting .265 with 10 errors in 175 chances, yet Sandoval made more money in his first five games ($543,000) than Holt will make all year ($530,000). Baseball teaches us that life isn’t fair. ...
Have you read of a GM hack?
Or a BASF or PwC?
Wave sold them product. Fact.
We have not heard or read of them being hacked.
Therefore, even in Newfangled Bluefangled Alea Jacta Best world, Wave can claim some success.
Not interested in any I say black you say white rebuttal..
Have a good day Gentlepeople.
And you can't prove they have been can you?
And it is a renewal by a company that has not (publically) been hacked.
That is a nice feather in the Wave bonnet.
Perhaps they could start PR'ing news to the effect that GM, BASF etc are UNHACKED customers!!
This Is The World We Live In: Deal With It
by Karl Denninger
2015-06-07 06:00
The hubris of these people is alarming....
WASHINGTON (AP) — The growing use of encrypted communications and private messaging by supporters of the Islamic State group is complicating efforts to monitor terror suspects and extremists, U.S. law enforcement officials said Wednesday.
Appearing before the House Homeland Security Committee, the officials said that even as thousands of Islamic State group followers around the world share public communications on Twitter, some are exploiting social media platforms that allow them to shield their messages from law enforcement.
"There are 200-plus social media companies. Some of these companies build their business model around end-to-end encryption," said Michael Steinbach, head of the FBI's counterterrorism division. "There is no ability currently for us to see that" communication, he said.
http://tinyurl.com/q4s2ywy
So what?
Look folks, this genie is out of the bottle and you can't stuff him back in. America is not the locus of everything and we have no ability to prevent people from writing and distributing code. As with so-called "gun control" laws the only people who give a damn about any so-called "regulation" are those who are not doing something evil.
This isn't about so-called "lawful and appropriate" data collection; you can't do anything about this problem in the main.
Here's the real problem with attacking encryption: The crooks vastly outnumber the terrorists -- in fact, they do so by thousands to one. Encryption at-rest and during transport is the only means by which you as an ordinary individual can keep your data out of the hands of the bad guys.
My email or other communications are none of your damn business, in short. Yet the fact remains that the bad guys do like to pfish and organized data attacks take place from China and Russia, along with their offshoots ( http://tinyurl.com/pvc2pvw ), every single day.
Law enforcement may be unhappy that they're unable to listen in whenever they want (with or without so-called "appropriate safeguards") but the threat from bad guys aimed at me is not terrorism, it is common criminals and organized groups in nations that our government gives most-favored nation status to who attempt to steal and exploit data on all of us.
The only defense that I and others, including most-particularly corporations that hold and correlate data these crooks would love to get their hands on, is strong, effectively-unbreakable encryption. It would be nice if this was not true but it is true and no amount of wishcasting will change that.
You're probably not using this technology on a routine basis but you damn well should be and so should everyone else. Further, we should all be outraged and drive firms out of business that don't take appropriate measures to protect your data -- and that's a huge percentage of them in the present day as evidenced by the breaches that make the daily news.
My message to the whiners in the so-called "law enforcement" realm is get over it already and return to your knitting -- that is, common, every day police work instead of sitting on your ass and whining that your "push-button" game isn't working anymore.
That situation exists in no small part because the very same government that operates these agencies has granted and continues to shelter nations that have proved through their repeated conduct that they don't give a damn about privacy, human rights or anything other than stealing whatever isn't nailed down and quite a bit of what is.
http://market-ticker.org/akcs-www?post=230215
But look at the price we pay in IP, identity theft, trade secrets, IRS, military etc.
At the price of status quo, the internet is open to rustlers and land grabbers from anywhere. We need some barbed wire!
The Harbor is polluted.
So, this is how Mr Solms gets around the shareholders.
You know, those people who have kept Wave going all these years and who Mr Solms proclaims such deep care and respect.
I gotta believe there is big news coming or he is just plain talking out of both sides of his mouth.
OK. They're in. Take it back down.
OT Armp, Case in Point: Theranos
Disruptive Paradigm -shifting contender.
http://www.inc.com/welcome.html?destination=http://www.inc.com/ilan-mochari/elizabeth-holmes-theranos-icons.html
And some of us measure words.
Given the reality, optimism is for some the only option.
And then there is incredulity that the problem seems so obvious and the solution seems so available, some level of success seems certain.
I have heard that it is foolish to argue with a newspaper because they buy their ink by the barrel. Not sure where you get yours but you seem to have a bottomless source.
I have no argument with you alea. Obviously your investment is on the opposite side of mine.
What I dislike is the constant "you people are stupid and you are going to lose everything" tone that emanates so fluently from your keyboard when selling for most here is not an option. We are obviously trapped by our own greed and grandiosity. But for someone to scream "ninny ninny ninny" day after day and call it measurement and accounting rubs me the wrong way.
That is why I posted that article last week.
How is it that software security companies can attain the valuations they do when time after time, software has proven vulnerable/
Give the valuations of the companies listed in the article I posted, I think it is quite possible the "moment" has not yet occurred that will open the gates to secure and trusted computing.
There are still entrepreneurial endeavors targeting an environment of common elements.
Wave was the first and earliest of the birds at the feast. More buzzards are circling.
There must eb som eopportunity as newcomers to market keep popping up all the time.
And consider these valuations.
http://finance.yahoo.com/news/exclusive-cyber-ipo-pipeline-grows-193244471.html
Exclusive: Cyber IPO pipeline grows as data breaches boost security spending
Reuters
March 20, 2015 3:45 PM
By Liana B. Baker, Olivia Oran and Jim Finkle
NEW YORK/BOSTON (Reuters) - Rapid7, LogRhythm and Mimecast are joining a growing list of cybersecurity firms planning to go public in 2015 to capitalize on investor interest following a spate of hacker attacks, according to people familiar with the matter.
Shares of publicly traded cybersecurity firms have outperformed the market in recent months, as high-profile data breaches at Sony Corp, JPMorgan Chase & Co and Anthem Inc prompt businesses to spend more to secure their computer networks.
"The cybersecurity market is in the early innings of a massive growth opportunity," said FBR Capital Markets analyst Daniel Ives. "There are many innovative private security vendors. Tech investors' eyes are glued to who has the 'magic solution.'"
Boston-based Rapid7 provides software and services that help businesses assess and monitor security risks. It has more than 3,500 customers, including Amazon.com Inc, American Express Co and Bank of America Corp.
Mimecast, also based in Boston, is an email security firm with 10,000 customers. According to its website, revenue rose 30 percent in 2014 to $88.4 million. LogRhythm Inc, based in Boulder, Colorado, provides technology to help companies monitor activity across their networks.
All three companies are planning to sell shares to the public and seeking valuations in excess of $1 billion, according to people familiar with the matter, who declined to be identified because the plans are not yet public.
Rapid7, whose investors include Bain Capital Ventures and Technology Crossover Ventures, has chosen Morgan Stanley and Barclays to assist with an initial public offering, the people said.
LogRhythm, whose investors include Access Venture Partners, Adam Street Partners, Grotech Ventures and Riverwood Capital, has chosen JPMorgan Chase and Morgan Stanley for an IPO in the second half of the year, the sources said.
Mimecast, whose investors include Insight Venture Partners, Dawn Capital and Index Ventures, has spoken to some investment banks about an IPO later this year but has not hired any firms, the sources said.
Representatives from the three companies and the banks working with them all declined to comment.
VOLATILE STOCKS
With global spending on IT security set to increase 8.2 percent in 2015 to $77 billion, according to market research firm Gartner, the shares of publicly traded cybersecurity firms have done well.
FireEye Inc shares have risen 38 percent so far this year, while Qualys Inc is up 24 percent and Palo Alto Networks Inc has climbed 19 percent. The PureFunds ISE Cyber Security ETF has gained 9 percent over the same period, while the S&P 500 Index is up 1.9 percent.
But investing in cybersecurity is not without risk.
FireEye's share price plunged more than 70 percent in less than three months last year, after Chief Executive Dave DeWalt and other insiders sold shares, spurring investors to take a more critical look at the firm's finances and valuation.
The stock had more than quadrupled in the first six months after its September 2013 IPO, even though FireEye later reported losses of $121 million in 2013 and $444 million in 2014. Analysts do not expect FireEye to post a full-year net profit until 2018, though they are forecasting rapid revenue growth, according to Thomson Reuters data.
Amid investor enthusiasm for the cybersecurity industry, FireEye has recovered this year though at around $42 a share, the stock remains far below its March 2014 high of $97.35.
Rapid7, LogRhythm and Mimecast are not the only cybersecurity firms planning to tap public markets this year.
Veracode, which protects Internet applications from hackers, has selected banks to lead a potential IPO that could value the company at between $600 million and $800 million, Reuters reported in December.
Another company widely expected to debut this year is Bit9 + Carbon Black, whose software protects computers from malware. The firm has not yet hired banks, according to people familiar with the matter. It declined to comment.
According to FBR's Ives, emerging cybersecurity companies could earn a combined annual revenue of $15 billion to $20 billion in three years. That excludes the slower growing but larger market for traditional cybersecurity technology, such as anti-virus software.
Venky Ganesan, managing director at Silicon Valley venture capital firm Menlo Ventures, said average corporate spending on cybersecurity will rise from about 0.25 percent of total revenue to as much as 2 percent of revenue in the coming years.
"The window is wide open for cybersecurity companies. We have a perfect storm of opportunity," said Ganesan, who had invested in Palo Alto Networks while at Globespan Capital.
(This story has been corrected to fix typo in LogRhythm in first paragraph)
(Reporting by Liana B. Baker and Olivia Oran in New York and Jim Finkle in Boston; Editing by Tiffany Wu)
Exclusive: Cyber IPO pipeline grows as data breaches boost security spending
Reuters
21 hours ago
????
A magnifying glass is held in front of a computer screen in this picture illustration taken in Berlin
By Liana B. Baker, Olivia Oran and Jim Finkle
NEW YORK/BOSTON (Reuters) - Rapid7, LogRhythm and Mimecast are joining a growing list of cybersecurity firms planning to go public in 2015 to capitalize on investor interest following a spate of hacker attacks, according to people familiar with the matter.
Shares of publicly traded cybersecurity firms have outperformed the market in recent months, as high-profile data breaches at Sony Corp, JPMorgan Chase & Co and Anthem Inc prompt businesses to spend more to secure their computer networks.
"The cybersecurity market is in the early innings of a massive growth opportunity," said FBR Capital Markets analyst Daniel Ives. "There are many innovative private security vendors. Tech investors' eyes are glued to who has the 'magic solution.'"
Boston-based Rapid7 provides software and services that help businesses assess and monitor security risks. It has more than 3,500 customers, including Amazon.com Inc, American Express Co and Bank of America Corp.
Mimecast, also based in Boston, is an email security firm with 10,000 customers. According to its website, revenue rose 30 percent in 2014 to $88.4 million. LogRhythm Inc, based in Boulder, Colorado, provides technology to help companies monitor activity across their networks.
All three companies are planning to sell shares to the public and seeking valuations in excess of $1 billion, according to people familiar with the matter, who declined to be identified because the plans are not yet public.
Rapid7, whose investors include Bain Capital Ventures and Technology Crossover Ventures, has chosen Morgan Stanley and Barclays to assist with an initial public offering, the people said.
LogRhythm, whose investors include Access Venture Partners, Adam Street Partners, Grotech Ventures and Riverwood Capital, has chosen JPMorgan Chase and Morgan Stanley for an IPO in the second half of the year, the sources said.
Mimecast, whose investors include Insight Venture Partners, Dawn Capital and Index Ventures, has spoken to some investment banks about an IPO later this year but has not hired any firms, the sources said.
Representatives from the three companies and the banks working with them all declined to comment.
VOLATILE STOCKS
With global spending on IT security set to increase 8.2 percent in 2015 to $77 billion, according to market research firm Gartner, the shares of publicly traded cybersecurity firms have done well.
FireEye Inc shares have risen 38 percent so far this year, while Qualys Inc is up 24 percent and Palo Alto Networks Inc has climbed 19 percent. The PureFunds ISE Cyber Security ETF has gained 9 percent over the same period, while the S&P 500 Index is up 1.9 percent.
But investing in cybersecurity is not without risk.
FireEye's share price plunged more than 70 percent in less than three months last year, after Chief Executive Dave DeWalt and other insiders sold shares, spurring investors to take a more critical look at the firm's finances and valuation.
The stock had more than quadrupled in the first six months after its September 2013 IPO, even though FireEye later reported losses of $121 million in 2013 and $444 million in 2014. Analysts do not expect FireEye to post a full-year net profit until 2018, though they are forecasting rapid revenue growth, according to Thomson Reuters data.
Amid investor enthusiasm for the cybersecurity industry, FireEye has recovered this year though at around $42 a share, the stock remains far below its March 2014 high of $97.35.
Rapid7, LogRhythm and Mimecast are not the only cybersecurity firms planning to tap public markets this year.
Veracode, which protects Internet applications from hackers, has selected banks to lead a potential IPO that could value the company at between $600 million and $800 million, Reuters reported in December.
Another company widely expected to debut this year is Bit9 + Carbon Black, whose software protects computers from malware. The firm has not yet hired banks, according to people familiar with the matter. It declined to comment.
According to FBR's Ives, emerging cybersecurity companies could earn a combined annual revenue of $15 billion to $20 billion in three years. That excludes the slower growing but larger market for traditional cybersecurity technology, such as anti-virus software.
Venky Ganesan, managing director at Silicon Valley venture capital firm Menlo Ventures, said average corporate spending on cybersecurity will rise from about 0.25 percent of total revenue to as much as 2 percent of revenue in the coming years.
"The window is wide open for cybersecurity companies. We have a perfect storm of opportunity," said Ganesan, who had invested in Palo Alto Networks while at Globespan Capital.
http://finance.yahoo.com/news/exclusive-cyber-ipo-pipeline-grows-193244471.html
_____________________________
Ok. Where is Wave going wrong? if there is so much opportunity that new cyber security companies are prepping to go public, why can't Wave sell VSC or ERAS ? Do these new companies really see a market? what are they selling that is beeter than Wave's solution? Does Wave have a solution? This is madness!!
And keep secrets from other companies and or hacker-groups.
It takes money to make money.
Imagine how much you could make with 13 trillion free (almost) dollars.
I can't imagine how sick of winter you all are up there.
I'm in So Florida and I am sick of watching the news reports of Boston!
Insurance is legalized gambling in which we bet against ourselves.
The insurance company is betting we won't get sick, injured, in a car wreck, a hurricane or a flood and we are betting we will will at some point get hurt, flooded, burned out, crashed or whatever.
If Seattle had scored on that play, Carroll would be a "genius" and it would have been a "brilliant" call.
The explanation would be that everyone in the stadium was expecting Lynch to get the ball so they faked out the world and passed.
Everyone except Malcolm Butler.
And you wore your lid with the visor in front.
What's good for Main St may not be good for Wall St.
Of course when its the other war around, who cares?
I took it as such.
I think there has been a lot of pressure on Wave (BS et al) to close something by year end and that pressure may be lessened, certainly not eliminated, with the calendar deadline passing.
So a deep fresh breath may be the order of the day inside Lee as 2014 expires and investors reset the clock for the next earnings report in March.
It takes a brave man to state the obvious...Good one Alea!
The arbitrary and artificial time frames...Q3....Q4...EoY etc have now expired and are no longer maybe's.
So the next arbitrary and artificial date to watch for becomes 2nd week of March when the next conference call is presumed to occur.
This should lessen the shareholder pressure on management and relieve the "any minute now" anxiety.
At least for me, I was thinking, as time grew less, that a deal had to be announced this week, this morning, this afternoon, etc.
Urgency has decreased.
But will we run out of money before the next deal is done or before the next conference call.....
Lower Gas Prices Will Cost American Lives According To Fox News And The Tea Party – VIDEO
Gas prices are plummeting, falling 34% since last June, “a five-year low,” and Fox News and conservative groups are going insane. After blaming the president for high gas prices for years, they are scurrying about frantically to change the narrative.
http://samuel-warde.com/2014/12/fox-lower-gas-prices-a-threat/
BREAKING NEWS Friday, December 19, 2014 12:10 PM EST
F.B.I. Accuses North Korean Government in Cyberattack on Sony Pictures The F.B.I. on Friday directly accused the North Korean government of organizing the cyberattack that debilitated Sony Pictures computers, marking the first time the United States has accused the leaders of a foreign nation of sending destructive computer code to strike on American soil.
The bureau said that there were significant “similarities in specific lines of code, encryption algorithms, data deletion methods, and compromised networks” to previous attacks by the North Koreans. It also said that there were classified elements of the evidence against the North that they could not reveal.