Wave Systems Corp. (fka WAVXQ)

[Weby]

Snackman

This time I think you've hit the nail on the head. The great question is what does Wave own!!! It often gets confused on this board. One can only value the potential of the company if one gets the heart of the valuation correct. That is not easy, but it is also not impossible.

The one thing that Wave does that is still not even on the radar of most of the literature is NOT key management and I believe that causes a great deal of confusion and complication on this board. A lot of companies deal in key management and have undoubtedly stymied our growth.

However, very very few of these companies deal with TPM MANAGEMENT. Now SEDs do not REQUIRE TPM management. I have one in my machine and it needs nothing once it is turned on. (At one point it got turned off btw, and the folks at Wave took over my machine and turned it back on remotely.)

Over the last ten years I've read many many papers that reference the registers in the TPM -- this has NOTHING to do with managing SEDs. It is the need to maintain the logs that prove that only authorized machines are on the network and that the machine the Network is reaching out to change is a machine they own that is so important. Wave does that by MANAGING the TPM.

If and When this becomes standard practice for the people running the IT Networks at Seagate, CBI, Grumman, Boeing, Lockheed, the DoD -- Wave will still have a huge lead in installed base (35 million), know-how (the Inmans, Allens, Veils, Thibedeaus, and Spragues of the world.

The stock valuation doesn't reflect any of this at the moment.
The street doesn't get TPMs. Maybe it never will, or maybe these things jump the chasm and become famous overnight as the herd senses a new sheriff in town. With hundreds of millions of machines being manufactured each year, don't underestimate the power of standardization. That is what SKS has been working towards all this time -- Wave as the standard software to manage your TPM and establish Machine Identity through hardware. The market will decide how much that is worth. Each of us who has stayed too long will have to make our individual decisions as to the proper valuations. Knowing WHEN TO SELL whether the chart is moving up or down is ALWAYS the hard part. There will come a time when Wave becomes over-valued.

Most of us blew it the first time, and got our wish to buy more under a buck. Each of us will have to decide, moment to moment, on when this thing is worth more sold than kept just as we decided whether to buy it at 13 5, or 20 cents on the way down.