Dr. Ze'ev: Your course of action for selecting stocks sounds well grounded in common sense, as far as evaluating Wave's prospects or any other.
I am not a technical person as you obviously are, but let me ask a couple of questions. The patents did not impress you, you stated.
If they were commonplace and not particularly unique, why would Intel feel compelled to incorporate the Wave model into their motherboard? If they did not meet the unique test, why not just make something similar, different enough to escape a lawuit and go forward? Same question about IBM, HP, Compaq, Infineon, AMD, National Semi, and others.
Part of the reason many of us Wavoids continue to hold and support this company is because of precisely one of your other points--there is no competition at any price, let alone half.
Sure, there certainly are other encryption technologies, but none that we know of that are programmable after the sale as Wave's is, so as to be able to keep up with advances in this sector. And if you are talking about software only, forget it.
We limit our discussion to the combination of hardware and software encryption. And while at it, you might also think about the concept of trust at the edge. Where there is no Fort Knox storing billions of gold ingots in one central place, just lots of little fortified huts where the couple of coins inside hardly offers any reward for breaking in.
Perhaps some of the other more technical minds can engage you, and in the process, illuminate for us all, whether we are chasing a false god.
Many of the deep thinkers here welcome the challenge of a good hard independent look at a company we think has something unique, necessary and eminently saleable to offer the world. If you find our flaws, it would be helpful to all of us.
Thank you for your most thoughtful reply. Interesting that you met Peter Sprague back in the very first days. Perhaps after doing some research you may join this merry little band. We would be honored to have someone with your credentials.
Sincerely, Bluefang
