Replies to post #3881 on Wave Systems Corp. (fka WAVXQ)

[allshore10]

SPIN interesting you would dump just like that. good for you at least your honest lol

[largehedgefund]

Spin, it does serious harm to Wave's credibility? What credibility was there left to harm? Wave's management is terrible in my opinion. Always has been, always will be until Steven Sprague steps up to the Chairmanship and lets someone with industry experience, ANY experience, run the show or what's left of it.

Steven overpromises, underdelivers, and can't stop the hype. Under his stewardship Wave has always issued what I consider garbage PRs and withholds material information, like what killed the second phase of the NEC trial last year?

As I said from the day this Intel PR was released, I bet you don't hear about Intel the quarter after Wave does this trial with them. Intel will just disappear like AMD did, like EDS did, like all the big names have disappeared shortly after Wave has worked with them.

[bbigtim]

SPIN/Truth Telling

Lets face it. The WAVX PR concerning IBM was entirely accurate, but it was phrased in a manner intended to highlight the opportunities for sale of WAVX services to IBM customers associated with the partnership. PR is usually written that way.

Many of the new shareholders attracted by the big runup didn't have a clue about what Wave really does. Some of them may very well have interpreted the IBM news to have more concrete revenue implications than it really did. The Dow Jones reporter made a rookie mistake, then tried to cover her butt by saying that others were confused too. Her story carried with it an implication that Wave was deliberately inflating the news to trap the unwary.

Bottom line. Our dramatic rally had real buying behind it rooted in a changed reality. But the market frenzy it created was cotton candy, sweet but not that substantial. After the bubble days, the financial press is highly suspicious of such dramatic moves. Its easy for them to believe that there is less than meets the eye. So the shorts got to work, and found a willing instrument in a reporter who hadn't done her homework.

None of this will matter if the revenues materialize. If they are coming, Wave was still undervalued at $5. If they are not, we remain overvalued after today's selloff.

[oknpv]

Spin...Ive never worked in journalism but have always suspected that it is common practice that an editor would give an assignment to a reporter to write an article with the info to be presented a certain way in advance & with all this done where the reporter doesnt have any real interest in the subject at hand in the first place. The reporter is just doing their job. Sort of like the TV reporters that just read "script" & yet the audience thinks their favorite reporter is really in to the particular report & maybe thought it up or did research on it. Could it be that the article on Wave comes from somewhere else & Sheng was just typing it out or am I just a paranoiac?