Wave Systems Corp. (fka WAVXQ)

[Whitewash]

Bially: Kevin s5 posted this which might help you feel better:

http://www.investorshub.com/boards/read_msg.asp?message_id=2226610&txt2find=automotive


License of SafeNet Technology Expanded by Texas Instruments

(See SKS' comments from Q32002 re: Securelink/SafeNet below)

BALTIMORE--(BUSINESS WIRE)--Jan. 27, 2004--SafeNet (NASDAQ:SFNT), a leading provider of private and public network security solutions that set the standard for securing virtual private and wide area networks, today announced that Texas Instruments Inc. (TI) has broadened its license of SafeNet Intellectual Property, SafeXcel(TM) IP.


"We are pleased to improve and expand our existing relationship with TI, the leader in wireless semiconductor shipments. As a leader in many consumer segments, that also demand higher levels of security and performance, TI provides a great opportunity for SafeNet to expand our security technology in these markets," said David Potts, Senior Vice President and General Manger of SafeNet's Embedded Security Division.

TI previously licensed SafeNet's intellectual property to deploy within its OMAP(TM) platform in 2.5 and 3G wireless devices. Security has become a critical component for many consumer applications, such as personal audio and video players, wireless phones and PDA's, set-top boxes, broadband appliances, networking, and AUTOMOTIVE applications. These embeddable security blocks are used to accelerate security functions in different applications alleviating the processing burden off of other main components within the system.

"SafeNet is a strong supplier of security intellectual property. We have expanded our license to use SafeNet IP to include additional product groups," said Paul Werp, Worldwide Marketing Director for TI's OMAP platform.

From the CC:
Howard Friedman, Private Investor: Just one quick followup Steven. Since you brought NEC to the forefront of stockholders minds and everything and in just reading about the company, they seem to embrace everything that Wave has been talking about for years and years already, biometrics, secure PC, so on and so forth. My question is this, we had a relationship at one time with SecureLink which has been purchased by SafeNet, and SafeNet is a very active participant with NEC. Is SafeNet a threat with their acquisition of SecureLink and Sonic against NEC net, or are they still a partner to us? Thank you.



SKS: I'm not so sure I would classify them as a partner to Wave today. I also wouldn't classify them as a real competitive threat. They build certainly fixed function security chips. There're lots of companies that do that. Wave can provide support for a range of those types of applications on EMBASSY and an equivalent, both performance and price point level. So as a raw security component provider theyr'e probably competition. But they're not selling into the same markets. So we're not trying to chase the application specific security chip market today, we're chasing the broad based general purpose PC business, which is where we think all the volume is. And our general assumption, and in a few years we'll be able to look back and decide whether it was right or wrong, is that if you can get hardware security into every single PC and be one of the primary service providers there. You can spend the rest of your life ticking off the specific vertical markets and the revenue opportunities that result in those. So longer term, we probably do become more of a competitor than we are today.