Good evening everyone,
There is an old saying on Wall Street....buy when there is blood in the streets. Looking at our chart...it's hard to argue that the longs have been bloodied over the past 60 days in particular. One individual who was involved with a law suit against his brokerage a number of years ago who currently resides in a large city in the Midwest sent out an e-mail on thursday of last week informing the readers that he and his friends were going to dump their shares after years of holding onto them. Obviously...we saw some of that action on friday. Personally, I believe he and his friends have made a horrible mistake and will be soon kicking themselves for doing so. Why do I say this....well if anyone can't SEE that there is a monumental SHIFT taking place regarding security....then they truly are like that famous Mr. Magoo!!!
Wave sits at the point of the arrow head of this TRUSTED COMPUTING REVOLUTION....and if some can't see this....well then they are truly.....
Seagate is beginning to RAMP up their sales of HARDWARE FDEs. I have personally spoken with senior execs. of Seagate regarding how serious Seagate truly is about this technology. The biggest hurdle regarding the feds has been the FIPS-140 certification. I was told that the company is looking forward to resolving this issue over the short term. This was back in early march. If people can't see that this is one of the MAIN routes the feds will take to ensure protection of data at rest....then they are truly......
Safenet....WHY do we all think Safenet has teamed up with us??? Look up Safenet's role in TCG...does that tell us anything??? Does Safenet have anything to do with the FEDS??? If people can't see the significance of this relationship...then they are truly......
Dell...WHY on earth would DELL continue to pay Wave ~1.5 million dollars/quarter for lic. revenues....not to mention 7 dollars per Seagate FDE sales??? Remember that DELL recently INCREASED our revenue/unit as well as EXTENDING our contract until 2011....Obviously...DELL has a great deal of confidence in Wave....and if some can't see that....then they are truly....
These are only a few of the reasons why I believe Wave WILL be a success. If some are willing to sell their positions at these levels....so be it...there are others that are more than eager to gulp down these shares and will continue to do so. This is no longer a stock where we are HOPING for success...IT IS TAKING PLACE BEFORE OUR VERY EYES....and some of us are unable to see it. As TUXI told me this morning....we are becoming a VERY tight coil....which will explode upwards with the right type of news. Imagine what would happen if a large company actually does come out and declare that they have purchased a large number of laptops equipped with SEAGATES FDE drives.....does anyone out there truly believe that Seagates sales reps are not capable of delivering such a pr?? Does anyone out there truly believe that such a company would not then spend a little more money and upgrade to Wave's products to help them with the legal issue of providing an audit trail not to mention the capabilities of the ERAS when it comes to managing their laptops security functions??
All this doom and gloom needs to be put into perspective. Folks...there is a great deal at stake...there a a number of companies that will be put out of business were trusted computing become the defacto standard for ensuring security. Wave holds the KEYS to this revolution (pun intended)...don't be scared out of your shares. Why....well consider these points...
1) Revenue...Wave's revenues are increasing EVERY quarter!!
2 Wave's software...The number of Wave's software units in the market is INCREASING every month!!
3) Market size....the size of the market in which Wave will be selling into is INCREASING every day!!
4) Alliances...Wave has relationships with 5/6 TPM manufacturers!
Wave earns revenue from INTEL/DELL/GATEWAY/SEAGATE! (not to mention 5/6 TPM manufacturers)
Wave recently entered into a relationshipp with Safenet. Some of you folks need to go back to that pr and re-read what a executive from Safenet said about Wave being THE platform for security. Combine that statement with the one made last year by a Seagate rep in which he said something to the effect of it's Wave that is the glue. We've all hears that the share price is the street telling us about Wave's future....but could someone answer that the statements from industry insiders are telling us about Wave's future???
Anyhow....these are a few thoughts to consider from the long side....god knows we've heard plenty from the short side over the past few days.
Sincerely,
Jas
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