Berkshire Eagle Article today on Wave.
Lee firm's stock soars after Intel agreement
By Bill Carey
Berkshire Eagle Staff
Saturday, August 02, 2003 -
LEE -- Wave Systems Corp. has announced that chipmaker Intel Corp. will incorporate its "trusted computing" software in a future motherboard -- the part of a computer containing its internal workings.
The agreement with the Santa Clara, Calif.-based semiconductor giant was seen as another win for Wave Systems in the emerging trusted computing field.
Protects against hackers
The company's stock, traded on the Nasdaq National Market, has taken flight from under $1 a week ago to $3.70 at the market's close yesterday.
Trusted computing uses hardware and software residing on personal computers, servers and consumer devices to protect against hackers and viruses.
Earlier this year, Wave announced a licensing agreement with chipmaker National Semi-conductor Corp. to bundle its Embassy suite of applications on the latter company's Safekeeper chip module.
Similar to the agreement with National Semiconductor, Wave will receive what amounts to a royalty for each motherboard unit sold. Projected sales were not announced.
A motherboard is the internal chassis that contains a computer's circuitry and components, including the microprocessor, memory and input/output system.
Intel plans to introduce the new, security-enabled motherboard for desktop business computers in the fourth quarter.
'A critical requirement'
"Wave helps fill a critical requirement for trusted computing services," Michelle Johnston, an Intel spokeswoman, stated in Wave's announcement. "We believe the Embassy Trust Suite software will provide good value for our customers looking for trusted computing applications."
Wave was founded by Peter Sprague in 1988 and has spent well over $200 million developing its technology. Headed now by Sprague's son, Steven, the company is based at the Lee Corporate Center off Route 102.
AI
