Replies to post #74679 on Wave Systems Corp. (fka WAVXQ)

[chances]

Go what happened to Biz? Do you know?

[Jaybeaux]

gowave...Well, don't you feel better now? Funny how things from over 4 years ago are eating at you.

I guess it's Wave's fault that the NASDAQ and all markets in general had a meltdown, too?

For the LIFE of me, I can't figure out why people, after thoroughly and exhaustively researching a company, would stick around after they've obviously come to the conclusion that this is not the stock for them.

Jaybeaux

[rachelelise]

Gowave

You are correct in noting that Wave in the past had often overstated the outcomes or at least tended to emphasize the postive expectations while deemphasizing the risks or uncertainty of their statements. And often information was premature and was taken as done instead of in progress.

I don't think the BIZ PR is a good example however in that there was a real deal and BIZ was implicitly underwritten by Broadcom.The BIZ model didn't flourish, in part or mainly because EDS never delivered on their end, which in turn meant there was no money to pay for the development work. That is why Wave got mucho shares in the company in compensation. So amybe one trickster (Winkler) interacted with another (Sprague).

If you haven't noticed, it is almost impossible to get anything out of Wave these days. There have been notable deals ranging from Intel to Dell to Seagate to (wait till Winhec) with no pre circulation of information. Guidance is not given and even promising areas around Trust Zone are not touted. Design wins of partners can only be learned from the partners. I believe this behavior underscores their morphing into a real company combined with the SEC overhang and admonishment from their partners.

So now you won't be able to complain about over hyping and instead you can complain about a lack of clear guidance. I think the chances of this changing however are pretty good and it would be worth a discussion after the month of April is finished.