Does Infineon have a relationship with Wave Systems?
MANY wavx shareholders have been claiming an extensive relationship with Infineon. A Wave exec (Brian Berger did actually speak at a recent Infineon event in Germany, fwiw).
The "wavoids" suggest that such a speaking engagement, inter alia, indicates a close relationship between the two in the area of Trusted Computing.
It's worth noting that Wave over its 14 year existence (in which, incredible as it might seem, has burned through around $250Mil & has generated about $250K in revs -- you read that right... $1000 dollars in accumulated losses per every dollar of revenue over the course of 14 years).
Wave might someday succed (they do say they have some things on the cusp of deployment, but then again, mgmt has a less than glowing history in this area & has made MANY claims to have the next-best-thing & somehow, none of them has ever been delivered).
& they definitely might not succeed (totally running out of money, did a death spiral-type preferred convert financing 04/03, have a 14A for their SHM under lengthy SEC scrutiny haven't yet re-scheduled a SHM (when it was originally scheduled for 8/4).
This is all in addition to a rather sketchy corporate governance history b/c despite being a public company, is run mouch more like a family business (which in essence, it is) Father & son & other less qualified son have been taking disproportionately large salaries, bonuses, options, founders shares, etc. In fact, Father stepped down from the company & @ same time the co. took a 100% reserve against a $1Mil "loan" it had granted him which he couldn't pay, supposedly b/c he has IRS liens against him... but somehow, he also allegedly was able (around the same time) to buy a company in his wife's name out from a bankruptcy estate). It goes on & on & on.
Some of the pessimists as to the existence of a relationship w/Infineon on the wavx RB bored were able to DD proof that the deployment of TPM products was solely from Inf & HP w/zero involvement from Wave. MANY "wavoids" would reply that there has to be an NDA there & mgmt isn't allowed to talk about it...
Any info that either supports or refutes this possible relationship b/tw Wave & Infineon would really be appreciated.
I think Inf's relationship w/HP is going to be profitable & that they have a first-mover advantage in the Trusted Computing market.
The "wavoids" say they still have some imaginary "first-mover" advantage in critical TPM areas such as attestation, but haven't announced the shipment of product unit one.
I think Infineon probably has a better chance of succeeding in this new field & especially with the first-to-deploy advantage w/HP.
This is NOT spamming another stock (be-lieve me, i'm not trying to promote WAVX in the least - I own it at a loss). it's been making lower lows & lower highs for years & is in danger of de-listing & i want to sell it, but not by those means.
I'm interested in other Trusted Computing players & that definitely includes Infineon & it is very relevant IMO if they are involved with Wave Systems.
TIA,
SPIN
