Re. Patents....
One of the most under appreciated aspects of Wave Systems is the portfolio of intelectual property. Wave has done a tremendous amount of engineering work for both Dell and Broadcom....and what has come out of these relationships is a significant library of IP that belongs to Wave. One can now add two patents that describe certain elements of CORE technology UNDERLYING self encrypting hard drives. If one believes that SEDs will REPLACE software encryption as the standard.....then this recent acquisition is rather significant.
Today, Wave presented at the MDB Bright Lights Conference today. The 50 companies presenting at the conference were selected from more than 1,600 small cap companies which were scored, ranked and analyzed on the basis of their rate of innovative change as well as the novelty, quality, INDUSTRY IMPACT of their patents.
There are a few people on this thread who are SO VERY CONCERNED about PROFITABILITY status that they are missing the big picture. As far as I'm concerned....I'm not expecting breakeven status this year. I want the company to re-invest any free cash back into GROWING the business opportunities that are presenting themselves....be it with HP or the feds.
Sincerely,
Jas
