Wave Systems Corp. (fka WAVXQ)

[lugan]

Reference points. The timeline:

2003 May 15, Wave Systems 1Q03 quarterly conference call.
(IHub, #22493, 12/11/03)
2003 Jul 25, Wave closed at $.86.
(IHub, #23649, 12/19/03)
2003 Jul 31, Wave Systems announced an agreement with Intel Corporation that will help enable both companies to accelerate the development and deployment of trusted applications and services for safer computing on personal computer platforms.
(JV, IHub, 11/29/03)(http://www.unclever.com/wavx/DD.htm)
2003 Jul 31, After opening at $1.03 on July 31 it closed at $2.25 the same day, and went on to finish at a two-year high of $4.53 on Aug. 5.
(IHub, #23373, 12/19/03)
2003 Aug 4, Wave Systems said it had agreed to a deal with IBM to embed its software inside selected IBM notebook and desktop computers, marking the latest in a string of deals for the tiny company. (corrected by Reuters on Dec 19) "a deal with IBM in which its software would be compatible with selected IBM notebook and desktop computers."
(IHub, #23431, 12/19/03)(Reuters, 8/4/03)(IHub, #23685, 12/19/03)(Reuters, 12/19/03)
2003 Aug 4, Wave Systems' stock, among the most actively traded and top percentage gainers on Nasdaq, was up 28.8 percent, or $1.05 cents, at $4.70.
(IHub, #23416, 12/19/03)
2003 Aug 5, Wave Systems reached a high of 5.24.
(IHub, #23463, 12/19/03)
2003 Aug 5-6, Wave Systems has received $3.6 million in cash, with $1 million of that coming as a loan repayment from its former chair, Peter Sprague. The remainder came from shareholders who exercised options to buy 1.189 million shares at strike prices between $1.09 to $4.08 per share. Among those exercising options were CEO Steven Sprague, for 150,000 shares at a strike price of $2.01. He sold all of the underlying shares. Sprague had received options in 2002 with 252,500 underlying shares. CFO Gerard Feeney sold 100,000 shares, after receiving options with 150,000 underlying shares.
(IHub, #23472, 12/19/03)(IHub, #23681, 12/19/03)
2003 Aug 6, The share price of Wave (WAVX) slumped by nearly 31%, a drop of $1.39 on the day, and it's all being put down to a report by a US hack. According to Ellen Sheng of Dow Jones Newswires, its auditor KPMG said that it was doubtful it could continue as a going concern beyond the second quarter of 2003.
(IHub, #23470, 12/19/03)
2003 Aug 8, Wave Systems 2Q03 quarterly conference call.
(IHub, #22493, 12/11/03)
2003 Oct 14, Intel patent # 6,633,981. Electronic system and method for controlling access through user authentication.
(IHub, #20489, 11/24/03)
2003 Nov 13, Wave Systems 3Q03 quarterly conference call.
(IHub, #22493, 12/11/03)
2003 Nov 19, Wave completed $7.1 million private placement financing.
(www.wave.com)
2003 Nov 24, Wave Systems To Present Trusted Computing Strategy at Red Herring Fall 2003 Conference in Monterey, California.
(www.wave.com)

2003 Dec 1, Grantsdale chipset, scheduled for release in the first half of 2004, will allow users to run wireless networks from their PCs.
(IHub #21498, 12/1/03)

2003 Dec 8, Seoul-based content management company XMedia announced today that it has been selected by CyberKAIST to provide technology for delivery of online courseware. XMedia has chosen Wavexpress, majority owned by Wave Systems Corp. (WAVX:NASDAQ), as the technology platform provider to ensure secure broadband distribution of the courseware. Wavexpress delivers full-screen, DVD-quality digital content over broadband networks.
(IHub, #22213, 12/8/03)

2003 Dec 8-10, Wave Systems Corp. demonstrated a range of Trusted Computing security and business productivity solutions at the Inside ID Conference, Washington, D.C.
(IHub, #21707, 12/3/03)

2003 Dec 17-18, SEC said it had begun a formal probe of Wave Systems Corp., a maker of security software. Wave said the Securities and Exchange Commission had launched a formal investigation of the company. The probe by the U.S. financial watchdog relates to certain public statements the company made around August 2003, as well as certain trading in the companies securities around this time.
(Reuters, 12/18/03)

2003 Dec 19, Wave Systems closed at 1.50. Reuters issued correction of Aug 4 article. Original: Wave Systems said it had agreed to a deal with IBM to embed its software inside selected IBM notebook and desktop computers, marking the latest in a string of deals for the tiny company. Corrected to: "a deal with IBM in which its software would be compatible with selected IBM notebook and desktop computers."
(IHub, #23431, 12/19/03)(Reuters, 8/4/03)(IHub, #23685, 12/19/03)(Reuters, 12/19/03)