Wave Systems Corp. (fka WAVXQ)

[rachelelise]

Howard

One can choose to believe or disblieve SKS (and others) about the status of the Seagate/Wave arrangement and what has been going on. My personal take on it is that when Seagate is ready to start selling its drives ( within a month?), there will be information provided about the contractual arrangements that wave and Seagate have entered into. The best information available is that it will cover situations when a PC OEM has a deal with Wave directly and situations where there is no deal and Seagate and Wave will need to have their own arrangement.

The good news is that if Seagate wishes to sell their drive with the added protection of a TPM, Wave's software will be part of the mix. There are no other providers of this functionality - at least we have not heard of any providers in any conversations, meetings, PRs etc.

Clearly achieving the financial results we hope for depends materially on the success of the FDE and Wave's role in the distribution.