Wave Systems Corp. (fka WAVXQ)

[New Wave]

"Just partnered with HP"

There could be various levels of "partnering," but one that was "material" to Wave would have to be publicly disclosed. Over the years Wave has been engaged to do engineering work for various OEMs such as Toshiba and has usually been paid fees in the low 100ks, never warranting an 8k as was done for the $300k consulting contract with DoD several years ago.

It's conceivable that "partnering with HP" currently amounts to some basic engineering work not sufficiently material to disclose; nevertheless this would be a good sign for an evolving relationship with HP, one that could potentially grow to the level of Wave's Dell relationship.

Incidentally, the anonymous placement of the ad touting the "partnering" with HP suggests to me that Wave may not want another vitally important OEM to be rubbed the wrong way.