Wave Systems Corp. (fka WAVXQ)

[SPIN]

awk - maybe:

but the way RNBO's PR reads (below, see my bolds), it suggests (to me @ least) that this will be a MSFT branded device. I'm familiar w/RNBO's products (their iKey is quite popular) & that they went w/a different biz model than Wave. While Wave "swings for the fences" to develop a paradigm-shifting tech, RNBO went along playing "small-ball" & did their thing for VPNs, little-by-little, one base hit @ a time.

The "Wave of Delusion" article derided Wave's mgmt for rejecting easy revs that would follow w/RNBO's approach & if i recall correctly, that's where SKS said the "fun" was w/Wave b/c of its enormous scale (or something to that effect). SKS also once said there wouldn't be any fun in wavx w/out all the risk... lemme tell ya awk, i had a blast in 2000!

can you blame me for now being cautious & skeptical? my first wavx buy was just below $9 in late 98 or early 99 (my broker refused to buy it when it was $3). taking everything as sunny-side-up was a big investment mistake back then & many people rode it from $50 to a buck. i sold my last chunk @ $8ish in November 2000.

i really don't want to take that ride again... is that so wrong? is it okay to be scared?

all i wanted was to suss this out a bit & see how big of a threat it might be (which 'shute noted yesterday that it *is* a threat).

my posts are more than a tacit admission that i don't possess the expertise to know w/certitude. Countryboy posted something yesterday that helped me understand it a little more, but not enough to quell all my concerns.

but i'm still holding...

thanks for posting your take -- i wish more of those w/your erudite status of all things wave would take a minute to analyze this stuff w/out jumping to conclusions.

i want wavx to be a Billion+ market cap just as much as anyone else here.

again, thanks.

---------------------------

Rainbow and Microsoft Developing Hardware Appliance for Windows Rights Management Services for Windows Server 2003

http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=RNBO&script=410&layout=-6&item_id....

IRVINE, Calif., Nov. 4 /PRNewswire-FirstCall/ -- Rainbow Technologies, Inc., (Nasdaq: RNBO), a leading provider of digital content and transaction security for SSL VPNs, secure remote access and software anti-piracy today announced that it is working with Microsoft Corp. on a hardware appliance for Microsoft's new Windows Rights Management Services(TM) (RMS), an information protection technology for Windows Server 2003 that helps enterprises and organizations safeguard their sensitive digital information from unauthorized use.

To provide flexibility to meet customers' deployment requirements, Microsoft is developing a hardware appliance that will enable customers to manage RMS operational services without connectivity to the Internet. Rainbow is working with Microsoft to complete the design and development of this deployment solution component. This appliance will provide the ability to enable client machines to be activated as part of the RMS trusted environment from within the network perimeter, providing a flexible deployment technology to fit how an organization works.

"Our experience in developing high-assurance security for the U.S. government and large commercial organizations that need to secure business- critical information made us the ideal candidate for co-designing this new security appliance with Microsoft," said Shawn Abbott, president, Rainbow eSecurity. "This new security appliance leverages our proven success in building security solutions, authentication and authorization technologies, and content protection. We look forward to working closely with Microsoft on the best solutions for RMS security."
Windows Rights Management Services allows information workers to distribute information within their organizations and define exactly how and under what circumstances it can be used, such as when it expires and who can open, modify, print or forward it. The ability to express and enforce document-level protection will allow organizations to internally share information more broadly, with less risk of inadvertent or intentional misuse.

"Some customers have told us they need to manage Rights Management Services operational services without Internet connectivity," said John Manferdelli, General Manager of Windows Security, Microsoft. "We're pleased to work with Rainbow Technologies to deliver a hardware appliance to meet their deployment requirements."

More information about Windows Rights Management Services is available at http://www.microsoft.com/rms .

About Rainbow Technologies

Making security simple since 1979, Rainbow Technologies, a leading provider of proven information security solutions for mission-critical data and applications used in business, organization and government computing environments, has been breaking the security paradigm by making complex security simple to implement and use for more than two decades. With headquarters in Irvine, Calif., Rainbow maintains offices and authorized distributors throughout the world. For more information, visit the Web site at http://www.rainbow.com .
Rainbow Technologies and NetSwift iGate are trademarks of Rainbow Technologies, Inc. All other company and product names are trademarks of their respective organizations.

The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information contained in this press release and included in our Annual Report on Form 10-K and other materials filed with the Securities and Exchange Commission ("SEC") may contain, without limitation, statements regarding market share leadership, compounded aggregate growth rate, and competitive landscape. Actual results could deviate from these forward-looking statements, which are made as of the date of this press release. The Company assumes no obligation to update information concerning its expectations.

For further information, please contact: Dan Chmielewski of Rainbow Technologies, Inc., [phone], [e-mail]; or Deborah Jones of Strategies, [phone], ext. 113, [e-mail], for Rainbow Technologies, Inc.

SOURCE Rainbow Technologies, Inc.

11/04/2003

CONTACT: Dan Chmielewski of Rainbow Technologies, Inc., [phone],
[e-mail]; or Deborah Jones of Strategies, [phone], ext. 113,
[e-mail], for Rainbow Technologies, Inc