Replies to post #3697 on Wave Systems Corp. (fka WAVXQ)

[Dutchbj]

Nice overall explanatory and informative release...Except..for the last paragraph which delves into how desperate our financial condition was..In minute detail!! Yecch...Whoever wrote that last part (for Dow Jones) is probably trying to get some cheap shares, imho...Flyer'

[bonnie]

Hi Kev

How and where did you get a copy of this?..Is this private info or can the we see this release for ourselves?...I dont understand why we have to go through this type of underhanded nonsense...

Thanks so much for revealing this info...do we have legal recourse against DJ Newswires?

Thanks again

Jeff

[nelzoni]

I hope Reuters don't decide to make a correction to
Reuters
UPDATE - Wave Systems signs IBM deal and shares soar
Monday August 4, 3:02 pm ET
By Eric Auchard

[allshore10]

There is no reason they had to put this in the p.r the only purpose is to add rocket fuel.
"Wave System's primary challenge has not been technology. ... It's been how to get into marketplace," Allen said.
Wave Systems reported a net loss of $43.5 million in 2002 including one-time charges, on revenue of $447,000. The company has not been profitable for the last four years. KPMG, its auditor, has expressed "substantial doubt" of the company's ability to continue as a going concern beyond the second quarter of 2003. In a recent filing with the SEC, Wave Systems disclosed it has only enough cash to fund operations through approximately Oct. 15, 2003.
The company is not followed by any analysts tracked by Thomson First Call."