Wave Systems Corp. (fka WAVXQ)

[SPIN]

correction better late than never...

Reuters
CORRECTED-Wave Systems signs IBM deal and shares rise 20 pct
Friday December 19, 5:29 pm ET

In Aug. 4 NEW YORK story headlined "Wave Systems signs IBM deal and shares rise 20 pct" please read in first paragraph ... a deal with IBM in which its software would be compatible with selected IBM notebook and desktop computers ... instead of ... a deal with IBM to embed its software inside selected IBM notebook and desktop computers ...

In second paragraph please read ... its software would work with selected International Business Machines Corp. (NYSE:IBM - News) ThinkPad notebooks and ThinkCentre desktops ... instead of ... its embedded software would be available on selected International Business Machines Corp. (NYSE:IBM - News) ThinkPad notebooks and ThinkCentre desktops ...

In sixth paragraph please read ... the Wave security software compatible with IBM computers would be available ... instead of ... IBM computers with built-in Wave security would be available ...

(Corrects to make clear the software is not embedded in the computers)

A corrected version follows.

NEW YORK, Aug 4 (Reuters) - Wave Systems Corp. (NasdaqNM:WAVX - News) on Monday said it had agreed to a deal with IBM in which its software would be compatible with selected IBM notebook and desktop computers, marking the latest in a string of deals for the tiny company.

Wave Systems of Lee, Massachusetts, said its software would work with selected International Business Machines Corp. (NYSE:IBM - News) ThinkPad notebooks and ThinkCentre desktops that include IBM's digital security subsystem

The stock of Wave Systems jumped 20 percent, or 72 cents, in heavy volume to trade at $4.37 and is up five-fold since Thursday, with volumes changing hands at 100 times their norm.

Shares of the previously thinly traded stock have rocketed in the past three days after Wave announced a deal with Intel Corp. (NasdaqNM:INTC - News), the world's biggest chipmaker, to embed its software inside some internal computer chassis built by Intel.

Terms of the latest deal were not disclosed. But Wave spokesman John Callahan said the Wave security software compatible with IBM computers would be available in the fourth quarter of this year.

http://biz.yahoo.com/rc/031219/tech_wavesystems_4.html