Wave Systems Corp. (fka WAVXQ)

[dig space]

alea, subjectless

Certainly the notion of a trusted infrastructure (TI) is necessary for Wave. In its infancy such TI was fractured. Wave provided interoperability. Strategically this was a flag planting move as much as anything. But it was also necessary, they couldn't develop and sell their products without overcoming this barrier. In other words, they simply decided to package that which they had to do as a stand alone product for those who are developing their own apps.

While Wave has some revs providing interoperability, my understanding is this sums out to a whopping ~$250k (PwC).

In parallel Wave has been selling products that actually use the trusted platform, and in this case one can point to about $13,000k in revs from two customers alone (GM, BASF). Obviously, losing the shim space isn't losing much.

So, perhaps this all really is just the "when" and that "when" is now and that some of the hesitance/sluggishness of TC deployment will abate, that the gates will open, and that real competition and cash-flows will commence.

That'd be fun.