Wave Systems Corp. (fka WAVXQ)

[svenm]

Internet,
It's definitely a possibility that hardware encryption technology may get some excellent PR from this play. If that were to happen and Seagate doesn'tget sold to a Chinese technology company would be terrific for Wave. On the other hand, if a Chinese company buys Seagate we can forget about FDE.2 drives getting into the DoD PC's (and can probably forget about enterprise as well) because of the obvious backdoor threat. To me this is a very bad development as the risk/benefit ratio is so poor. It reminds me of 9/11 when the EDS chairman was scheduled to give his big talk on computer security in Washington D.C.

Nevertheless, the DoD has a lot of skin in this game already and I suspect that a lot of pressure is going to be applied to keep this sale from taking place. Hopefully it will help to jumpstart our rollout.

Svenm