Hi Weby,
I remember the Sony-Philips purchase of Intertrust, and the cost of the MS licence only too well. Strangely similar numbers! Another fine example of Bill and his steamroller, I think.
I already have the answer re the European equivalent to NTT Data. There isn't one. Japan is a single country. Europe is lots of countries and has a lot of national champions. Nevertheless, there are numerous companies that Wave could work with in Europe and in that sort of industry (resale, consultancy, integration), each with extensive European footprints, such as PwC, EDS, Cap Gemini and Accenture. I expect they all bid on the larger, EU and government-type contracts.
I just don't think SKS has given Bruno much money to play with. And the decision to abandon Finread must have made quite a few of his smart card partners unhappy.
Anyway, I think we're due an update on the peripheral stuff. In spite of assurances, their performance has been anemic over the years and I'm not sure why.