Saturday, March 20, 2004 3:17:29 PM
Wave Systems Timeline Updated
Wave news archive at www.wave.com
Wave Systems Corp.
480 Pleasant Street
Lee, MA 01238
tel: 413-243-1600
fax: 413-243-0045
ssprague@wavesys.com
Link to WAVX presentations: http://members.rogers.com/wavesystems/Presentations.htm
(IHUB, #31912, 2/26/04)
TPM Matrix: http://www.tonymcfadden.com/tpmvendors.htm
1988 Wave Systems began developing interoperable trusted technologies combining security features for hardware and software. Peter Sprague founded Wave Systems.
(http://www.wave.com)(IHub, #23768, 12/21/03)
1990 Victor Shear founded InterTrust.
(IHub, #21309, 11/30/03)
1994 Aug 31, The original prospectus from the WAVX IPO was posted. The prospectus states there is no public market for WAVX Class A Common Stock prior to the IPO offering of 3,600,000 shares.
(IHub, #22477, 12/10/03)
1997 Aug 26, Nasdaq Stock Market, Inc. advised Wave that it no longer meets the Nasdaq Stock Market, Inc.'s listing requirements with respect to net tangible assets.
(www.wave.com)
1997 Oct 2, Nasdaq granted Wave a listing on The Nasdaq SmallCap Market following Wave's September 11th hearing before a Nasdaq Listing Qualifications Panel.
(www.wave.com)
1997 Dec 18, Wave Systems Corp announced an agreement with IBM Corporation to find ways to inexpensively incorporate Wave Systems' WaveMeter® chip into PC products.
(www.wave.com)
1998 Jun 11, Aladdin exercised a warrant to purchase 1,000,000 registered shares of Wave Systems Corp. Class A Common Stock, yielding gross proceeds of $2,550,000 to Wave.
(www.wave.com)
1998 Jun 15, Wave announced an agreement with Interactive Magic, a leading developer and publisher of interactive strategy and simulation games, to distribute Interactive Magic's software titles through Wave's innovative WaveSystem.
(www.wave.com)
1998 cJun, CRN article.
(JV, IHub, 11/29/03)
1999 May, Wavexpress, Inc., a joint venture formed by Wave Systems Corp. and Sarnoff Corporation, was founded to develop secure distribution channels for IP content over broadband networks.
(www.wavexpress.com)
1999 May, Relisting.
(JV, IHub, 11/29/03)
1999 Nov 23, Intel patent # 5,991,399. Method for securely distributing a conditional use private key to a trusted entity on a remote system.
(IHub, #20489, 11/24/03)
1999 Dec 13, Article on Wavoids: Danmny Hakim, Smartmoney.com. "Steven K. Sprague, the 36-year-old president and chief operating officer of Wave Systems..."
(IHub, #28868, 2/6/04)
1999 Compaq, Hewlett-Packard, IBM, Intel and Microsoft established the Trusted Computing Platform Alliance (TCPA) in an effort to define and promote the goal of trustworthy computing.
(http://www.unclever.com/wavx/DD.htm)
2000 Mar 13, Wave Systems 4Q99 quarterly conference call.
(IHub, #32900, 3/9/04)
2000 Mar 21, Intel patent # 6,041,122. Method and apparatus for hiding crytographic keys utilizing autocorrelation timing encoding and computation.
(IHub, #20489, 11/24/03)
2000 Mar, AMD announcement.
(JV, IHub, 11/29/03)
2000 Mar, WAVX shares reached $18.
(IHUB, #31565, 2/24/04)
2000 Jun 9, Wavexpress, a new technology company providing e-commerce and data broadcasting services to digital TV broadcasters, content providers and consumers, today announced the appointment of Andy Lippman, Associate Director and Senior Research Scientist at the Massachusetts Institute of Technology's Media Laboratory, to its Board of Directors.
(IHub, #26272, 1/14/04)
2000 Jun 18, A NY Times article on WAVX by Danny Hakin appeared: "Few Wavoids were as zealous as Doug McCoy, who compiled a 600-page compendium of board postings and e-mail messages, called WAVX 101, for fledgling investors. After the shareholder meeting, the McCoys, more convinced than ever about the company's prospects, began to invest on margin, using money borrowed from their broker, Web Street Securities, to increase their position. By the end of March, such purchases accounted for about a third of their positions..."
(IHUB, #31360, 2/23/04)
2000 Aug 16, The Trusted Client: AMD and Wave Mother Board Reference Design
http://www.wave.com/technology/AMDWaveTrustedClient.pdf
2000 Aug 22, Wave Systems Corp. today announced a strategic new security architectural model for creating multi-party trust in user devices. Trust @ the Edge specifies the integration of strong security in every user device, a major breakthrough in the challenge of creating trusted and private digital relationships while enabling reliable electronic exchange and commerce over the Internet.
(IHub, #34591, 3/20/04)
2000 Oct 24, Wave Patent # 6,138,239. "A method and system for secure transactions. The method and system comprise a security co-processor and an interface for interfacing the security co-processor to a host computer system." This may cover Microsoft's NGSCB architecture in its entirety
(IHub, #21260, 11/30/03)
2000 Dec 19, Wave Systems Corp. and InterTrust Technologies Corporation (ITRU) announced today that they are collaborating to create the industries' premier high-end digital rights management solution, using Wave's EMBASSY® Trusted Client programmable hardware system, as the newest platform in the recently announced InterTrust RightsChip family.
(IHub, #25184, 1/6/04)
2001 Mar 7, Wave Systems 4Q00 quarterly conference call.
(IHub, #32900, 3/9/04)
2001 Mar 27, Founding members of the Consortium for Efficient Embedded Security (CEES) today held a charter meeting in Burlington, Ma., to initiate the development of universal standards for creating secure, interoperable implementations of highly efficient, highly scalable public key security. By defining standards for deploying the most efficient, scalable embedded security solutions, CEES is meeting the need to support emerging digital infrastructures with new innovations in public key security. The first draft of CEES standards will be based on the NTRU Public Key Cryptosystem (PKCS).
CEES is a cooperative multi-organizational effort with oversight and contributions from leading companies and academia. Charter members include representatives from Aereous, C-SAM, Diversinet, Intel, MasterCard International, NTRU, Setec, Solid, Sony, Texas Instruments, University of Minnesota, University of Missouri, Macquarie University, and Wave Systems.
(IHub, #34507, 3/19/04)
2002 Mar 7, Wave Systems 4Q01 quarterly conference call.
(IHub, #32897, 3/9/04)
2002 May 14, Wave Systems 1Q02 quarterly conference call.
(IHub, #22493, 12/11/03)
2002 Jun 4, Intel patent # 6,401,208. "Method for BIOS authentication prior to BIOS execution."
(IHub, #20489, 11/24/03)
2002 Jun 23, Leak on Palladium. The Microsoft infrastructure formerly known as Palladium and in 2003 called by the awkward acronym NGSCB (pronounced "ing-scub," short for Next-Generation Secure Computing Base).
(IHub, #21292, 11/30/03)(IHub #20416, 11/24/03)
2002 Jun 24, Wave Systems share holders meeting.
(IHub, #21292, 11/30/03)
2002 Jun 26, Palladium is the code name for a set of features in an upcoming version of Windows... It is a new breed of hardware with new capabilities in the operating system, and over time new applications and services... it will provide some very significant things in the way of security, personal privacy, and system integrity.
(IHub, #21307, 11/30/03)
2002 Aug 8, Wave Systems 2Q02 quarterly conference call.
(IHub, #22493, 12/11/03)
2002 Aug 19, Tarari, a start-up chip company that was spun out of semiconductor giant Intel, announced that it has received $13 million in its first round of venture funding. The San Diego company is developing so-called content processors, which are designed to speed up specific network-based software applications. The chips will help speed up software such as anti-viral programs that can dramatically slow down a corporate network.
(IHub, #21363, 11/30/03)
2002 Nov 11, Wave Systems 3Q02 quarterly conference call.
(IHub, #22493, 12/11/03)
2002 Nov 18, Wave Systems, a developer of hardware solutions and services for secure and trusted Internet commerce, announced a complete suite of secure EMBASSY™ services for National Semiconductor’s TCPA compliant SafeKeeper™ technology used in its PC21100 trusted platform module (TPM) and software stack. Wave’s solution, when combined with National’s SafeKeeper technology, provides servers, and desktop PC and mobile PC platforms, with a suite of secure services. This suite of services adds value and new revenue opportunities, through the sale of the suite of service solutions, to the PC platform, while providing enhanced security and privacy options for consumers.
(IHub, #22302, 12/8/03)
2003 Feb 18, Wave Systems Corp., a developer of solutions and services for secure Internet commerce, is demonstrating its suite of secure EMBASSY®-based services at the Intel Developer Forum, Feb. 18 - Feb. 21, 2003, at the San Jose Convention Center.
(IHUB, #29965, 2/13/04)
2003 Mar 28, Wave Systems and National Semiconductor Approve Licensing Agreement on Hardware and Software Solution for Trusted Computing Platforms.
(http://www.unclever.com/wavx/DD.htm)
2003 Mar 31, Wave Systems 4Q02 quarterly conference call.
(IHub, #22493, 12/11/03)
2003 Mar 31, Peter Sprague announced his resignation as a director of Wave Systems.
(IHub, #24522, 12/29/03)
2003 Apr 7, Nancy Sumrall at RSA 2003 said "Intel is pleased to demonstrate Wave’s suite of trusted services on TPM enabled Intel platforms. It is important that the OEMs and the industry in general begin to deliver these TPM based services which can interoperate amongst all of the secure platforms that will be deployed over the next few years. Wave’s insights in the development and delivery of these trusted services are just the beginning of bringing a whole new level of value to the PC platform," said Nancy Sumrall, safer computing initiative manager, Desktop Platforms Group at Intel.
(IHUB, #30528, 2/18/04)
2003 Apr 8, AMD, HP, IBM, Intel and Microsoft today announced the formation of a new industry group dedicated to embedding trust and security more broadly into computing platforms and devices. The Trusted Computing Group (TCG) will work to create open standards that can be adopted for use in products and solutions across the spectrum of computing, including PCs, PDAs, servers and digital phones, to enable secure and trusted computing that can protect data, privacy, and individual rights. Wave joined TCG. There were only 11 companies initally invited to TCG, WAVE, being one of them, of course.
(http://www.unclever.com/wavx/DD.htm)(IHub, #24287, 12/26/03)
2003 Apr 10, Wave Systems Announces Secure Services Support For IBM ThinkPad Notebooks and NetVista Desktops, the Industry’s First Trust Infrastructure Services for TCG Platforms Using EMBASSY® Trust Services to be Demonstrated at RSA Conference 2003.
(http://www.unclever.com/wavx/DD.htm)
2003 May 15, Wave Systems 1Q03 quarterly conference call.
(IHub, #22493, 12/11/03)
2003 May 27, After extending the due date on the loan in 2002, WAVX approved a bonus (to Feeney), "in an amount equal to Mr. Feeney's obligations with respect to such loan and accrued interest," according to Wave's 2003 Schedule 14(a) proxy filing. Feeney repaid the loan with the funds from the bonus." "Wave made a loan of $250,000 to the company's chief financial officer, Gerard Feeney, in 2001 so he could pay capital-gains taxes on exercised Wave stock options.
(IHub, #28955, 2/6/04)
2003 Jul 25, Wave closed at $.86.
(IHub, #23649, 12/19/03)
2003 Jul 30, Wave Systems Corp. and Cubic Defense Applications, the defense segment of Cubic Corporation (AMEX:CUB), announced a strategic partnership where Cubic will integrate Wave’s EMBASSY® technologies into a new line of versatile smart card readers. These readers will be offered in several form factors, such as standalone Universal Serial Bus (USB) devices, trusted computer keyboards, and proximity door access devices.
(IHub, #46 TCG, 2/15/04)
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 Corp. announced that the new Document Manager Vault and SmartSignature security software applications in Wave's EMBASSY® Trust Suite client software family work with the IBM Embedded Security Subsystem, a hardware and software-based security solution available on select ThinkPad notebooks and ThinkCentre desktops, to create more secure applications for the business user.
(IHUB, #32005, 2/27/04)
2003 Aug 4, Reuters said that 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, Wave Systems Has Not Inked Deal With IBM. WAVX Wave Systems Corp. (WAVX) stated that its security software is compatible with International Business Machines Corp.'s (IBM) embedded security subsystem. (A story that ran at 1:04 p.m. EDT incorrectly stated that Wave Systems has an actual deal with IBM.)
(IHub, #23822, 12/21/03)
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 7, Wave Systems said it expected to receive $2.6 million from the exercise of share options by current and former employees, and another $1 million owed by Peter Sprague. The elder Sprague had been extended that amount in loans by Wave's board of directors in 2001, but had defaulted on the scheduled repayments.
(IHub, #23768, 12/21/03)
2003 Aug 8, Wave Systems 2Q03 quarterly conference call.
(IHub, #22493, 12/11/03)
2003 Aug 8, Wave Systems announced that Peter Sprague had repaid a loan of $1 million.
(IHub, #24522, 12/29/03)
2003 Aug 14, Wave Systems Corp., a leader in delivering trusted computing applications and services with advanced products, infrastructure and solutions across multiple trusted platforms, today announced the EMBASSY® Trust Suite of applications and services will be available for Atmel Corporation’s Trusted Platform Module (AT97SC3201) technology and software stack.
(IHub, #30351, 2/17/04)
2003 Aug 19, Wave Systems Corp., announced it has joined the RSA Secured® Partner Program to help provide trusted identity and access management between the Wave's eSign Transaction Management Suite™ (eTMS) and RSA Keon® digital certificate management software.
(IHub, #24522, 2/15/04)
2003 Aug 26, SmartMoney ran an article by Scott Patterson on WAVX... "Then came news of a software-bundling deal with Intel (INTC) and a partnership with IBM (IBM) — twin events that caused Wave's stock to spike more than 500% over the course of several days, reaching an intraday peak of $5.24 on Aug. 5..."
http://yahoo.smartmoney.com/onthestreet/index.cfm?story=20030826&afl=yahoo
(IHUB, #31356, 2/23/04)
2003 Oct 14, Intel patent # 6,633,981. Electronic system and method for controlling access through user authentication.
(IHub, #20489, 11/24/03)
2003 Oct 22, Wave Systems Corp. announced today that Wave’s bundled trusted applications and services software security suite for safer computing is now shipping.
(IHub, #24455, 12/28/03)
2003 Nov 13, Wave Systems 3Q03 quarterly conference call. The company reported net revenue from development service and license contracts of $80,000, compared to third-quarter 2002 revenue of $70,000. It reported a net loss to common shareholders for the quarter of $8.3 million. Net revenue for the first nine months was $130,000, compared to $393,000 in revenue during the same period last year. The net loss to common shareholders for the first nine months was $21 million, compared to $33.6 million last year, Wave reported. The company said it had $6 million in cash, enough to fund operating, sales, marketing and development activities until February.
(IHub, #22493, 12/11/03)(IHub, #23768, 12/21/03)
2003 Nov 19, Wave completed $7.1 million private placement financing with a group of institutional and accredited investors.
(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: Reuters said 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)
2004 Jan 14, Wave Systems closed at 2.18.
(WSJ, 1/15/04)
2004 Jan 15, SSP Solutions, Inc. (NasdaqNM:SSPX), a leading provider of identity and information assurance products and services, today announced a strategic partnership with HID Corporation, the premier manufacturer of contactless access control readers and cards for the security industry. Wave had about 3.9 million shares of sspx.
(IHub, #26308, 1/15/04)(IHub, #26311, 1/15/04)
2004 Jan 23, Class-action suit filed against WAVX by Marcello Trebitsch. News made public Feb 4.
(IHub, #28421, 2/5/04)
2004 Jan 26, Candy M. Sousa signed a complaint form with Milberg Weiss against WAVX.
(IHub, #29002, 2/7/04)
2004 Feb 4, Milberg Weiss class action suit against WAVX announced.
(IHub, #28316, 2/4/04)
2004 Feb 5, A third class-action suit was filed by Charles J. Piven against WAVX: "on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of Wave Systems Corporation (NASDAQ: WAVX) between July 31, 2003 and February 2, 2004, inclusive (the "Class Period")."
(IHub, #28654, 2/5/04)(IHub, #28667, 2/5/04)
2004 Feb 6, The number of employees at WAVX is about 90.
(IHub, #28933, 2/6/04)
2004 Feb 7, Article by Buill Carey on 3 suits against WAVX.
(IHub, #29006, 2/7/04)
2004 Feb 10, A class action lawsuit was filed by Zimmerman, Levi & Korsinsky, LLP in the United States District Court for the Southern District of New Jersey on behalf of all purchasers of the securities of Wave Systems Corp. between July 31, 2003 and December 18, 2003.
(IHub, #29534, 2/10/04)
2004 Feb 10, A securities class action lawsuit was commenced in the United States District Court for the District of Massachusetts on behalf of all persons who purchased or acquired securities of Wave Systems Corporation. A copy of the Complaint is available from the Court or from Bernstein Liebhard & Lifshitz, LLP.
(IHub, #29603, 2/10/04)
2004 Feb 11, Notice is hereby given that a class action lawsuit was filed in the United States District Court for the District of Massachusetts on behalf of all purchasers of the common stock of Wave Systems Corporation from July 31, 2003 through December 18, 2003, inclusive by the Law Firm of Schiffrin & Barroway, LLP.
(IHub, #29639, 2/11/04)
2004 Feb 11,The Law Firm of Cauley Geller Bowman & Rudman, LLP announced today that a class action lawsuit has been filed in the United States District Court for the District of Massachusetts on behalf of purchasers of Wave Systems, Inc. common stock during the period between July 31, 2003 and December 18, 2003.
(IHub, #29668, 2/11/04)
2004 Feb 13, Wave Systems Corp. announced its EMBASSY® Trust Suite software will be demonstrated within the Trusted Computing Group (TCG) Community exhibition area, Booth 152, at the Intel Developer Forum, February 17-19, at the Moscone Convention Center, SF.
(IHub, #30213, 2/15/04)
2004 Feb 13, Lasky & Rifkind, Ltd., a law firm with offices in New York and Chicago, announces that a lawsuit has been filed in the United States District Court for the District of Massachusetts, on behalf of persons who purchased or otherwise acquired publicly traded securities of Wave Systems Inc. between July 31, 2003 and December 18, 2003, inclusive.
(IHUB, #29970, 2/13/04)
2004 Feb 20, Wechsler Harwood LLP today announced that it has filed a Federal Securities fraud class action on behalf of persons or entities who purchased or otherwise acquired the securities of Wave Systems Corporation (WAVX) between July 31, 2003 through February 2, 2004, inclusive.
(IHUB, #30906, 2/20/04)
2004 Feb 23, Wave Systems Corp. and NTRU today announced that they have teamed up to provide a cross-platform software solution for trusted personal computers. The secure software from the two companies is designed to work with multiple-vendor Trusted Computing Group (TCG)-compliant security chips now available for personal computers. By making available multiple-security chip software from each company, PC OEMs and chip manufacturers can have more options in the secure solutions they provide to customers.
(IHUB, #31187, 2/23/04)
2004 Feb 23, Suit # 10: Goodkind Labaton Rudoff & Sucharow LLP filed a class action lawsuit on February 19, 2004 in the United States District Court for the District of Massachusetts, on behalf of persons who purchased or otherwise acquired publicly traded securities of Wave Systems Corporation between July 31, 2003 and February 2, 2004, inclusive. The lawsuit was filed against Wave, John E. Bagalay, Jr., Steven K. Sprague and Gerard T. Feeney.
(IHUB, #31208, 2/23/04)
2004 Feb 23, Law Offices Bernard M. Gross, P.C. announced that a class action lawsuit, numbered 04cv 30037, was commenced in the United States District Court for the District of Massachusetts, Springfield Division, against defendants Wave Systems Corp. (WAVX) , Steven K. Sprague (President & CEO), Gerald T. Feeney (COO) and John E. Bagalay, Jr. PhD (Chairman of the Board) on behalf of all persons who purchased the securities of Wave Systems Corporation between July 18, 2003 and December 18, 2003, seeking remedies under the Securities Exchange Act of 1934.
(IHUB, #31332, 2/23/04)
2004 Feb 24, Wave Systems Corp. today announced its EMBASSY(R) Trust Suite software will be demonstrated at Booth 516 at the RSA Conference 2004, February 23-27, at the Moscone Convention Center, San Francisco.
(IHUB, #31434, 2/24/04)
2004 Feb 24, Stull, Stull & Brody Announces Class Action against Wave Systems: Notice is hereby given that a class action lawsuit was filed on February 23, 2004 in the United States District Court for the District of Massachusetts, on behalf of all persons who purchased common stock of Wave Systems Corp. between July 31, 2003 and December 18, 2003, inclusive against Wave Systems, Steven Sprague and Gerard T. Feeney.
(IHUB, #31534, 2/24/04)
2004 Feb 25, RSA Conference-- Computer Associates, DataPower Technology, Entrust, Hewlett-Packard, Oblix, OpenNetwork, RSA Security, Sun Microsystems, and Others Showcase Authentication and Authorization Standard at RSA Conference. Eleven vendors teamed with the U.S. General Service Administration (GSA) E-Gov E-Authentication Initiative to demonstrate interoperability of the Security Assertion Markup Language (SAML), an OASIS Standard for the exchange of authentication and authorization information. For the first time ever, members of the OASIS Security Services Technical Committee demonstrated both types of SAML version 1.1 Single Sign-On, along with additional scenarios that highlight SAML's flexibility.
(IHUB, #31711, 2/25/04)
2004 Feb 27, Wave Systems Corp. announced its EMBASSY(R) Trust Suite software will be demonstrated in Booth 311 at IBM PartnerWorld 2004, February 29 - March 3, at the Mandalay Bay Resort Hotel and Convention Center, Las Vegas, NV.
(IHUB, #31991, 2/27/04)
2004 Mar 11, Wave Systems Corp. reviewed corporate and industry developments over the past several months and reported results for its fourth quarter and year ended December 31, 2003. For the fourth quarter ended December 31, 2003, Wave Systems reported net revenue principally related to software license contracts of $59,000, compared to revenue of $53,000 for the fourth quarter ended December 31, 2002. For the fourth quarter of 2003, Wave reported a net loss to common stockholders of $670,000, or $0.01 per basic share. Among other items, Wave's fourth quarter results include the benefit of a non-cash, unrealized holding gain on trading securities of approximately $3.6 million.
(IHub, #33163, 3/11/04)
2004 Q1, The new Pentium 4 processors code-named Prescott to be released. Intel will build LaGrande technology into chips beginning with the upcoming Prescott CPU and support chipset. LaGrande technology will provide capabilities such as protection of secure memory even from DMA (direct memory access) engines. LaGrande is a security engine that is built into Intel Prescott CPUs and chipsets, expected in the second half of the year. It aims to protect a system's data in ways software-based solutions currently can't offer. The technology will isolate data by setting up "virtual vaults" in hardware that are less vulnerable to viruses or hackers, while also separating applications so contaminations can't be spread from one software program to another.
(IHub #20416, 11/24/03)(IHub #22133, 12/7/03)
2005 Longhorn represents Microsoft's best assessment of how computing will evolve and may be ready about this time, though some say 2006-7. Longhorn w/ NGSCB could be a siginificant driver for the adoption of trusted computing.Longhorn has three major components: Avalon, which is the user interface; WinFS, the new file system that is based on metadata; and Indigo, the communications system that will include middleware to pass messages back and forth among different Web services, their objects and components. So a developer will no longer need to understand exactly how everything works.
(IHub, #21276, 11/30/03)(IHub, #21294, 11/30/03)(IHub, #22501, 12/11/03)
Wave news archive at www.wave.com
Wave Systems Corp.
480 Pleasant Street
Lee, MA 01238
tel: 413-243-1600
fax: 413-243-0045
ssprague@wavesys.com
Link to WAVX presentations: http://members.rogers.com/wavesystems/Presentations.htm
(IHUB, #31912, 2/26/04)
TPM Matrix: http://www.tonymcfadden.com/tpmvendors.htm
1988 Wave Systems began developing interoperable trusted technologies combining security features for hardware and software. Peter Sprague founded Wave Systems.
(http://www.wave.com)(IHub, #23768, 12/21/03)
1990 Victor Shear founded InterTrust.
(IHub, #21309, 11/30/03)
1994 Aug 31, The original prospectus from the WAVX IPO was posted. The prospectus states there is no public market for WAVX Class A Common Stock prior to the IPO offering of 3,600,000 shares.
(IHub, #22477, 12/10/03)
1997 Aug 26, Nasdaq Stock Market, Inc. advised Wave that it no longer meets the Nasdaq Stock Market, Inc.'s listing requirements with respect to net tangible assets.
(www.wave.com)
1997 Oct 2, Nasdaq granted Wave a listing on The Nasdaq SmallCap Market following Wave's September 11th hearing before a Nasdaq Listing Qualifications Panel.
(www.wave.com)
1997 Dec 18, Wave Systems Corp announced an agreement with IBM Corporation to find ways to inexpensively incorporate Wave Systems' WaveMeter® chip into PC products.
(www.wave.com)
1998 Jun 11, Aladdin exercised a warrant to purchase 1,000,000 registered shares of Wave Systems Corp. Class A Common Stock, yielding gross proceeds of $2,550,000 to Wave.
(www.wave.com)
1998 Jun 15, Wave announced an agreement with Interactive Magic, a leading developer and publisher of interactive strategy and simulation games, to distribute Interactive Magic's software titles through Wave's innovative WaveSystem.
(www.wave.com)
1998 cJun, CRN article.
(JV, IHub, 11/29/03)
1999 May, Wavexpress, Inc., a joint venture formed by Wave Systems Corp. and Sarnoff Corporation, was founded to develop secure distribution channels for IP content over broadband networks.
(www.wavexpress.com)
1999 May, Relisting.
(JV, IHub, 11/29/03)
1999 Nov 23, Intel patent # 5,991,399. Method for securely distributing a conditional use private key to a trusted entity on a remote system.
(IHub, #20489, 11/24/03)
1999 Dec 13, Article on Wavoids: Danmny Hakim, Smartmoney.com. "Steven K. Sprague, the 36-year-old president and chief operating officer of Wave Systems..."
(IHub, #28868, 2/6/04)
1999 Compaq, Hewlett-Packard, IBM, Intel and Microsoft established the Trusted Computing Platform Alliance (TCPA) in an effort to define and promote the goal of trustworthy computing.
(http://www.unclever.com/wavx/DD.htm)
2000 Mar 13, Wave Systems 4Q99 quarterly conference call.
(IHub, #32900, 3/9/04)
2000 Mar 21, Intel patent # 6,041,122. Method and apparatus for hiding crytographic keys utilizing autocorrelation timing encoding and computation.
(IHub, #20489, 11/24/03)
2000 Mar, AMD announcement.
(JV, IHub, 11/29/03)
2000 Mar, WAVX shares reached $18.
(IHUB, #31565, 2/24/04)
2000 Jun 9, Wavexpress, a new technology company providing e-commerce and data broadcasting services to digital TV broadcasters, content providers and consumers, today announced the appointment of Andy Lippman, Associate Director and Senior Research Scientist at the Massachusetts Institute of Technology's Media Laboratory, to its Board of Directors.
(IHub, #26272, 1/14/04)
2000 Jun 18, A NY Times article on WAVX by Danny Hakin appeared: "Few Wavoids were as zealous as Doug McCoy, who compiled a 600-page compendium of board postings and e-mail messages, called WAVX 101, for fledgling investors. After the shareholder meeting, the McCoys, more convinced than ever about the company's prospects, began to invest on margin, using money borrowed from their broker, Web Street Securities, to increase their position. By the end of March, such purchases accounted for about a third of their positions..."
(IHUB, #31360, 2/23/04)
2000 Aug 16, The Trusted Client: AMD and Wave Mother Board Reference Design
http://www.wave.com/technology/AMDWaveTrustedClient.pdf
2000 Aug 22, Wave Systems Corp. today announced a strategic new security architectural model for creating multi-party trust in user devices. Trust @ the Edge specifies the integration of strong security in every user device, a major breakthrough in the challenge of creating trusted and private digital relationships while enabling reliable electronic exchange and commerce over the Internet.
(IHub, #34591, 3/20/04)
2000 Oct 24, Wave Patent # 6,138,239. "A method and system for secure transactions. The method and system comprise a security co-processor and an interface for interfacing the security co-processor to a host computer system." This may cover Microsoft's NGSCB architecture in its entirety
(IHub, #21260, 11/30/03)
2000 Dec 19, Wave Systems Corp. and InterTrust Technologies Corporation (ITRU) announced today that they are collaborating to create the industries' premier high-end digital rights management solution, using Wave's EMBASSY® Trusted Client programmable hardware system, as the newest platform in the recently announced InterTrust RightsChip family.
(IHub, #25184, 1/6/04)
2001 Mar 7, Wave Systems 4Q00 quarterly conference call.
(IHub, #32900, 3/9/04)
2001 Mar 27, Founding members of the Consortium for Efficient Embedded Security (CEES) today held a charter meeting in Burlington, Ma., to initiate the development of universal standards for creating secure, interoperable implementations of highly efficient, highly scalable public key security. By defining standards for deploying the most efficient, scalable embedded security solutions, CEES is meeting the need to support emerging digital infrastructures with new innovations in public key security. The first draft of CEES standards will be based on the NTRU Public Key Cryptosystem (PKCS).
CEES is a cooperative multi-organizational effort with oversight and contributions from leading companies and academia. Charter members include representatives from Aereous, C-SAM, Diversinet, Intel, MasterCard International, NTRU, Setec, Solid, Sony, Texas Instruments, University of Minnesota, University of Missouri, Macquarie University, and Wave Systems.
(IHub, #34507, 3/19/04)
2002 Mar 7, Wave Systems 4Q01 quarterly conference call.
(IHub, #32897, 3/9/04)
2002 May 14, Wave Systems 1Q02 quarterly conference call.
(IHub, #22493, 12/11/03)
2002 Jun 4, Intel patent # 6,401,208. "Method for BIOS authentication prior to BIOS execution."
(IHub, #20489, 11/24/03)
2002 Jun 23, Leak on Palladium. The Microsoft infrastructure formerly known as Palladium and in 2003 called by the awkward acronym NGSCB (pronounced "ing-scub," short for Next-Generation Secure Computing Base).
(IHub, #21292, 11/30/03)(IHub #20416, 11/24/03)
2002 Jun 24, Wave Systems share holders meeting.
(IHub, #21292, 11/30/03)
2002 Jun 26, Palladium is the code name for a set of features in an upcoming version of Windows... It is a new breed of hardware with new capabilities in the operating system, and over time new applications and services... it will provide some very significant things in the way of security, personal privacy, and system integrity.
(IHub, #21307, 11/30/03)
2002 Aug 8, Wave Systems 2Q02 quarterly conference call.
(IHub, #22493, 12/11/03)
2002 Aug 19, Tarari, a start-up chip company that was spun out of semiconductor giant Intel, announced that it has received $13 million in its first round of venture funding. The San Diego company is developing so-called content processors, which are designed to speed up specific network-based software applications. The chips will help speed up software such as anti-viral programs that can dramatically slow down a corporate network.
(IHub, #21363, 11/30/03)
2002 Nov 11, Wave Systems 3Q02 quarterly conference call.
(IHub, #22493, 12/11/03)
2002 Nov 18, Wave Systems, a developer of hardware solutions and services for secure and trusted Internet commerce, announced a complete suite of secure EMBASSY™ services for National Semiconductor’s TCPA compliant SafeKeeper™ technology used in its PC21100 trusted platform module (TPM) and software stack. Wave’s solution, when combined with National’s SafeKeeper technology, provides servers, and desktop PC and mobile PC platforms, with a suite of secure services. This suite of services adds value and new revenue opportunities, through the sale of the suite of service solutions, to the PC platform, while providing enhanced security and privacy options for consumers.
(IHub, #22302, 12/8/03)
2003 Feb 18, Wave Systems Corp., a developer of solutions and services for secure Internet commerce, is demonstrating its suite of secure EMBASSY®-based services at the Intel Developer Forum, Feb. 18 - Feb. 21, 2003, at the San Jose Convention Center.
(IHUB, #29965, 2/13/04)
2003 Mar 28, Wave Systems and National Semiconductor Approve Licensing Agreement on Hardware and Software Solution for Trusted Computing Platforms.
(http://www.unclever.com/wavx/DD.htm)
2003 Mar 31, Wave Systems 4Q02 quarterly conference call.
(IHub, #22493, 12/11/03)
2003 Mar 31, Peter Sprague announced his resignation as a director of Wave Systems.
(IHub, #24522, 12/29/03)
2003 Apr 7, Nancy Sumrall at RSA 2003 said "Intel is pleased to demonstrate Wave’s suite of trusted services on TPM enabled Intel platforms. It is important that the OEMs and the industry in general begin to deliver these TPM based services which can interoperate amongst all of the secure platforms that will be deployed over the next few years. Wave’s insights in the development and delivery of these trusted services are just the beginning of bringing a whole new level of value to the PC platform," said Nancy Sumrall, safer computing initiative manager, Desktop Platforms Group at Intel.
(IHUB, #30528, 2/18/04)
2003 Apr 8, AMD, HP, IBM, Intel and Microsoft today announced the formation of a new industry group dedicated to embedding trust and security more broadly into computing platforms and devices. The Trusted Computing Group (TCG) will work to create open standards that can be adopted for use in products and solutions across the spectrum of computing, including PCs, PDAs, servers and digital phones, to enable secure and trusted computing that can protect data, privacy, and individual rights. Wave joined TCG. There were only 11 companies initally invited to TCG, WAVE, being one of them, of course.
(http://www.unclever.com/wavx/DD.htm)(IHub, #24287, 12/26/03)
2003 Apr 10, Wave Systems Announces Secure Services Support For IBM ThinkPad Notebooks and NetVista Desktops, the Industry’s First Trust Infrastructure Services for TCG Platforms Using EMBASSY® Trust Services to be Demonstrated at RSA Conference 2003.
(http://www.unclever.com/wavx/DD.htm)
2003 May 15, Wave Systems 1Q03 quarterly conference call.
(IHub, #22493, 12/11/03)
2003 May 27, After extending the due date on the loan in 2002, WAVX approved a bonus (to Feeney), "in an amount equal to Mr. Feeney's obligations with respect to such loan and accrued interest," according to Wave's 2003 Schedule 14(a) proxy filing. Feeney repaid the loan with the funds from the bonus." "Wave made a loan of $250,000 to the company's chief financial officer, Gerard Feeney, in 2001 so he could pay capital-gains taxes on exercised Wave stock options.
(IHub, #28955, 2/6/04)
2003 Jul 25, Wave closed at $.86.
(IHub, #23649, 12/19/03)
2003 Jul 30, Wave Systems Corp. and Cubic Defense Applications, the defense segment of Cubic Corporation (AMEX:CUB), announced a strategic partnership where Cubic will integrate Wave’s EMBASSY® technologies into a new line of versatile smart card readers. These readers will be offered in several form factors, such as standalone Universal Serial Bus (USB) devices, trusted computer keyboards, and proximity door access devices.
(IHub, #46 TCG, 2/15/04)
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 Corp. announced that the new Document Manager Vault and SmartSignature security software applications in Wave's EMBASSY® Trust Suite client software family work with the IBM Embedded Security Subsystem, a hardware and software-based security solution available on select ThinkPad notebooks and ThinkCentre desktops, to create more secure applications for the business user.
(IHUB, #32005, 2/27/04)
2003 Aug 4, Reuters said that 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, Wave Systems Has Not Inked Deal With IBM. WAVX Wave Systems Corp. (WAVX) stated that its security software is compatible with International Business Machines Corp.'s (IBM) embedded security subsystem. (A story that ran at 1:04 p.m. EDT incorrectly stated that Wave Systems has an actual deal with IBM.)
(IHub, #23822, 12/21/03)
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 7, Wave Systems said it expected to receive $2.6 million from the exercise of share options by current and former employees, and another $1 million owed by Peter Sprague. The elder Sprague had been extended that amount in loans by Wave's board of directors in 2001, but had defaulted on the scheduled repayments.
(IHub, #23768, 12/21/03)
2003 Aug 8, Wave Systems 2Q03 quarterly conference call.
(IHub, #22493, 12/11/03)
2003 Aug 8, Wave Systems announced that Peter Sprague had repaid a loan of $1 million.
(IHub, #24522, 12/29/03)
2003 Aug 14, Wave Systems Corp., a leader in delivering trusted computing applications and services with advanced products, infrastructure and solutions across multiple trusted platforms, today announced the EMBASSY® Trust Suite of applications and services will be available for Atmel Corporation’s Trusted Platform Module (AT97SC3201) technology and software stack.
(IHub, #30351, 2/17/04)
2003 Aug 19, Wave Systems Corp., announced it has joined the RSA Secured® Partner Program to help provide trusted identity and access management between the Wave's eSign Transaction Management Suite™ (eTMS) and RSA Keon® digital certificate management software.
(IHub, #24522, 2/15/04)
2003 Aug 26, SmartMoney ran an article by Scott Patterson on WAVX... "Then came news of a software-bundling deal with Intel (INTC) and a partnership with IBM (IBM) — twin events that caused Wave's stock to spike more than 500% over the course of several days, reaching an intraday peak of $5.24 on Aug. 5..."
http://yahoo.smartmoney.com/onthestreet/index.cfm?story=20030826&afl=yahoo
(IHUB, #31356, 2/23/04)
2003 Oct 14, Intel patent # 6,633,981. Electronic system and method for controlling access through user authentication.
(IHub, #20489, 11/24/03)
2003 Oct 22, Wave Systems Corp. announced today that Wave’s bundled trusted applications and services software security suite for safer computing is now shipping.
(IHub, #24455, 12/28/03)
2003 Nov 13, Wave Systems 3Q03 quarterly conference call. The company reported net revenue from development service and license contracts of $80,000, compared to third-quarter 2002 revenue of $70,000. It reported a net loss to common shareholders for the quarter of $8.3 million. Net revenue for the first nine months was $130,000, compared to $393,000 in revenue during the same period last year. The net loss to common shareholders for the first nine months was $21 million, compared to $33.6 million last year, Wave reported. The company said it had $6 million in cash, enough to fund operating, sales, marketing and development activities until February.
(IHub, #22493, 12/11/03)(IHub, #23768, 12/21/03)
2003 Nov 19, Wave completed $7.1 million private placement financing with a group of institutional and accredited investors.
(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: Reuters said 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)
2004 Jan 14, Wave Systems closed at 2.18.
(WSJ, 1/15/04)
2004 Jan 15, SSP Solutions, Inc. (NasdaqNM:SSPX), a leading provider of identity and information assurance products and services, today announced a strategic partnership with HID Corporation, the premier manufacturer of contactless access control readers and cards for the security industry. Wave had about 3.9 million shares of sspx.
(IHub, #26308, 1/15/04)(IHub, #26311, 1/15/04)
2004 Jan 23, Class-action suit filed against WAVX by Marcello Trebitsch. News made public Feb 4.
(IHub, #28421, 2/5/04)
2004 Jan 26, Candy M. Sousa signed a complaint form with Milberg Weiss against WAVX.
(IHub, #29002, 2/7/04)
2004 Feb 4, Milberg Weiss class action suit against WAVX announced.
(IHub, #28316, 2/4/04)
2004 Feb 5, A third class-action suit was filed by Charles J. Piven against WAVX: "on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of Wave Systems Corporation (NASDAQ: WAVX) between July 31, 2003 and February 2, 2004, inclusive (the "Class Period")."
(IHub, #28654, 2/5/04)(IHub, #28667, 2/5/04)
2004 Feb 6, The number of employees at WAVX is about 90.
(IHub, #28933, 2/6/04)
2004 Feb 7, Article by Buill Carey on 3 suits against WAVX.
(IHub, #29006, 2/7/04)
2004 Feb 10, A class action lawsuit was filed by Zimmerman, Levi & Korsinsky, LLP in the United States District Court for the Southern District of New Jersey on behalf of all purchasers of the securities of Wave Systems Corp. between July 31, 2003 and December 18, 2003.
(IHub, #29534, 2/10/04)
2004 Feb 10, A securities class action lawsuit was commenced in the United States District Court for the District of Massachusetts on behalf of all persons who purchased or acquired securities of Wave Systems Corporation. A copy of the Complaint is available from the Court or from Bernstein Liebhard & Lifshitz, LLP.
(IHub, #29603, 2/10/04)
2004 Feb 11, Notice is hereby given that a class action lawsuit was filed in the United States District Court for the District of Massachusetts on behalf of all purchasers of the common stock of Wave Systems Corporation from July 31, 2003 through December 18, 2003, inclusive by the Law Firm of Schiffrin & Barroway, LLP.
(IHub, #29639, 2/11/04)
2004 Feb 11,The Law Firm of Cauley Geller Bowman & Rudman, LLP announced today that a class action lawsuit has been filed in the United States District Court for the District of Massachusetts on behalf of purchasers of Wave Systems, Inc. common stock during the period between July 31, 2003 and December 18, 2003.
(IHub, #29668, 2/11/04)
2004 Feb 13, Wave Systems Corp. announced its EMBASSY® Trust Suite software will be demonstrated within the Trusted Computing Group (TCG) Community exhibition area, Booth 152, at the Intel Developer Forum, February 17-19, at the Moscone Convention Center, SF.
(IHub, #30213, 2/15/04)
2004 Feb 13, Lasky & Rifkind, Ltd., a law firm with offices in New York and Chicago, announces that a lawsuit has been filed in the United States District Court for the District of Massachusetts, on behalf of persons who purchased or otherwise acquired publicly traded securities of Wave Systems Inc. between July 31, 2003 and December 18, 2003, inclusive.
(IHUB, #29970, 2/13/04)
2004 Feb 20, Wechsler Harwood LLP today announced that it has filed a Federal Securities fraud class action on behalf of persons or entities who purchased or otherwise acquired the securities of Wave Systems Corporation (WAVX) between July 31, 2003 through February 2, 2004, inclusive.
(IHUB, #30906, 2/20/04)
2004 Feb 23, Wave Systems Corp. and NTRU today announced that they have teamed up to provide a cross-platform software solution for trusted personal computers. The secure software from the two companies is designed to work with multiple-vendor Trusted Computing Group (TCG)-compliant security chips now available for personal computers. By making available multiple-security chip software from each company, PC OEMs and chip manufacturers can have more options in the secure solutions they provide to customers.
(IHUB, #31187, 2/23/04)
2004 Feb 23, Suit # 10: Goodkind Labaton Rudoff & Sucharow LLP filed a class action lawsuit on February 19, 2004 in the United States District Court for the District of Massachusetts, on behalf of persons who purchased or otherwise acquired publicly traded securities of Wave Systems Corporation between July 31, 2003 and February 2, 2004, inclusive. The lawsuit was filed against Wave, John E. Bagalay, Jr., Steven K. Sprague and Gerard T. Feeney.
(IHUB, #31208, 2/23/04)
2004 Feb 23, Law Offices Bernard M. Gross, P.C. announced that a class action lawsuit, numbered 04cv 30037, was commenced in the United States District Court for the District of Massachusetts, Springfield Division, against defendants Wave Systems Corp. (WAVX) , Steven K. Sprague (President & CEO), Gerald T. Feeney (COO) and John E. Bagalay, Jr. PhD (Chairman of the Board) on behalf of all persons who purchased the securities of Wave Systems Corporation between July 18, 2003 and December 18, 2003, seeking remedies under the Securities Exchange Act of 1934.
(IHUB, #31332, 2/23/04)
2004 Feb 24, Wave Systems Corp. today announced its EMBASSY(R) Trust Suite software will be demonstrated at Booth 516 at the RSA Conference 2004, February 23-27, at the Moscone Convention Center, San Francisco.
(IHUB, #31434, 2/24/04)
2004 Feb 24, Stull, Stull & Brody Announces Class Action against Wave Systems: Notice is hereby given that a class action lawsuit was filed on February 23, 2004 in the United States District Court for the District of Massachusetts, on behalf of all persons who purchased common stock of Wave Systems Corp. between July 31, 2003 and December 18, 2003, inclusive against Wave Systems, Steven Sprague and Gerard T. Feeney.
(IHUB, #31534, 2/24/04)
2004 Feb 25, RSA Conference-- Computer Associates, DataPower Technology, Entrust, Hewlett-Packard, Oblix, OpenNetwork, RSA Security, Sun Microsystems, and Others Showcase Authentication and Authorization Standard at RSA Conference. Eleven vendors teamed with the U.S. General Service Administration (GSA) E-Gov E-Authentication Initiative to demonstrate interoperability of the Security Assertion Markup Language (SAML), an OASIS Standard for the exchange of authentication and authorization information. For the first time ever, members of the OASIS Security Services Technical Committee demonstrated both types of SAML version 1.1 Single Sign-On, along with additional scenarios that highlight SAML's flexibility.
(IHUB, #31711, 2/25/04)
2004 Feb 27, Wave Systems Corp. announced its EMBASSY(R) Trust Suite software will be demonstrated in Booth 311 at IBM PartnerWorld 2004, February 29 - March 3, at the Mandalay Bay Resort Hotel and Convention Center, Las Vegas, NV.
(IHUB, #31991, 2/27/04)
2004 Mar 11, Wave Systems Corp. reviewed corporate and industry developments over the past several months and reported results for its fourth quarter and year ended December 31, 2003. For the fourth quarter ended December 31, 2003, Wave Systems reported net revenue principally related to software license contracts of $59,000, compared to revenue of $53,000 for the fourth quarter ended December 31, 2002. For the fourth quarter of 2003, Wave reported a net loss to common stockholders of $670,000, or $0.01 per basic share. Among other items, Wave's fourth quarter results include the benefit of a non-cash, unrealized holding gain on trading securities of approximately $3.6 million.
(IHub, #33163, 3/11/04)
2004 Q1, The new Pentium 4 processors code-named Prescott to be released. Intel will build LaGrande technology into chips beginning with the upcoming Prescott CPU and support chipset. LaGrande technology will provide capabilities such as protection of secure memory even from DMA (direct memory access) engines. LaGrande is a security engine that is built into Intel Prescott CPUs and chipsets, expected in the second half of the year. It aims to protect a system's data in ways software-based solutions currently can't offer. The technology will isolate data by setting up "virtual vaults" in hardware that are less vulnerable to viruses or hackers, while also separating applications so contaminations can't be spread from one software program to another.
(IHub #20416, 11/24/03)(IHub #22133, 12/7/03)
2005 Longhorn represents Microsoft's best assessment of how computing will evolve and may be ready about this time, though some say 2006-7. Longhorn w/ NGSCB could be a siginificant driver for the adoption of trusted computing.Longhorn has three major components: Avalon, which is the user interface; WinFS, the new file system that is based on metadata; and Indigo, the communications system that will include middleware to pass messages back and forth among different Web services, their objects and components. So a developer will no longer need to understand exactly how everything works.
(IHub, #21276, 11/30/03)(IHub, #21294, 11/30/03)(IHub, #22501, 12/11/03)
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