Wave Systems Corp. (fka WAVXQ)

[internet]

Re Safend.....There use to be a theory on the street that one could evaluate where a company was headed based on the number of cars in their parking lot. A growing company wold have more and more...while a stagnant company would be flat or going down. Look at what is taking place at Wave.....Prior to the purchase yesterday....we were ~ 190 employees...a rather significant increase from 6-12 months ago. Now we have added ~ 70 more....of which I'm sure there will be some cuts....The total number of employees will surely increase whatever percentage is ultimately let go. The question to ask is WHY THE EXPLOSION IN THE HEAD COUNT AT WAVE???? Either management has truly gone off the deep end.....or there is something driving the need to bulk up. What could this driving force be???? Now that is the true question!!! Some here are simply concentrating on past mistakes....and while history should never be forgotten....one should not allow it to blind one from recent accomplishments. It's very easy to comment upon the money that was wasted years ago regading WaveXpress/ Ishophere/ Booth/ Bonuses...etc.... But....one should also not forget the hard work of creating the original Embassy 2100.....TCPA...TPMs....TCG....Engineering work with DELL and Broadcom....Multiple governments contracts with the NO SUCH AGENCY. What ever one wants to say about management...one has to give them credit for where we find ourselves this morning. Think about this small fact.....WAVE WAS ONE OF THE MAJOR PARTICIPANTS IN THE RECENT NSA SHOW.

I come back to the original point....all of this bulking up HAS to have a reason to it. I sincerely believe that we are about to FINALLY engage that hockey stick!!!

Re Safend.....What I find interesting about this transaction are not the revenue numbers of that company...but rather their IP and the quality of their engineers. Part of the true value of a company resides in their IP as well as the quality of their R&D workforce. Wave appears to have acquired a very good team of engineers...based on the multiple awards their products have won. We are now in a position to keep the best and the brightest. Good engineers are not a dime a dozen...fwiw

Sincerely,

Jas