Wave Systems Corp. (fka WAVXQ)

[Escrow56]

There are brand new products actually designed for what the market wants, an online product to safeguard your system which is the only one in the world like it, and complete cleaning out of old crew all within the last year. They have changed all sales personnel and implemented a strange concept, goals that one must meet in order to stay employed. Fiscal discipline and a cutting of expenses. No frivolous projects that are not core to the mission. A nice sale by some lucky sales guy I suppose. The only negative I can see is one quarter of mistaken optimism. yes, they still must perform but everything mentioned above all took place within the last year. Quite good for a brand new person coming into a sick environment with the largest client leaving. As far as I am concerned he has all of his fingers in the leaky areas and has begun to patch a couple of them. As a businessman I can tell you with certainty that it takes time to completely change the culture of an organization. He has begun the task with very little money and no pipeline. I offer him my support and so far cannot criticize anything he has done, unlike the prior mgmt with their race cars.