I suggest we all e-mail William.......i've sent him a nice picture of Intel's motherboard with Wave's ETS software on board.I'll be sending him more info ........
The complaint alleges that during the Class Period, defendants issued materially false and misleading statements to the investing public to inflate the Company's shares by associating the Company "publicly" with two of the World's biggest technology companies -- Intel and IBM. With the "appearance" of two new separate revenue streams, defendants sought to, and did, raise monies via a private placement for the Company, and certain of the Company's officers and directors pocketed over $1.5 million in insider trading proceeds. On December 18, 2003, the Company issued a press release in which it announced that the SEC was investigating certain public statements made by Wave in August 2003, as well as certain insider selling that occurred around the same time. Defendants' public statements during the Class Period failed to disclose that (a) the Company's IBM announcement dated August 4, 2003 would result in no direct revenue to the Company; (b) the Company's Intel announcement dated July 31, 2003 was actually immaterial and would not generate any revenue to the Company until 2004, if ever; (c) the so-called Intel contract did not require Intel to purchase even one piece of software; and (d) the number of Trusted Platform Module-enabled motherboards shipped over the course of 2003 and 2004 would be de minimis.
Milberg Weiss, San Diego William Lerach, 800-449-4900 wsl@milberg.com TICKERS: WAVX
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