Wave Systems Corp. (WAVX)

All Comments on WAVX

  • commenter
    SeekingAlpha
    Editors
    Apr 06 05:20 AM
    My Website
    General Discussion on WAVX
    Is this a buy or a sell? Reply
  • commenter
    Mar 29 09:30 AM
    My Website
    Interview: Steven Sprague, CEO of Wave Systems Corp. (Nasdaq: WAVX) [view article]
    Thank you everybody for participating -- and particularly you, Steven.

    This is now closed to further questions.
  • commenter
    Mar 28 10:07 PM
    My Website
    Interview: Steven Sprague, CEO of Wave Systems Corp. (Nasdaq: WAVX) [view article]
    Thank you everyone for your contributions.

    If you have any questions please feel free to contact me by Email
    Ssprague [at] wavesys.com

    Or contact Wave at 413-243-1600

    call us if we can help you deploy or use Trusted Computing technology

    Steven Sprague
    CEO
    Wave Systems Corp.
  • commenter
    Mar 28 08:15 PM
    My Website
    Interview: Steven Sprague, CEO of Wave Systems Corp. (Nasdaq: WAVX) [view article]
    Thanks for the questions.

    1. US army the next step is to take ownership and administrative control of the TPM and put it into the hands of the US ARMY. We have worked with them to understand what would be needed to accomplish this for the whole network. Next step is to finalize the architecture and timeline questions so that they will be in a position to buy. Then the who will pay question will come up.

    When we need everyone to write a letter to their congressmen will let you know : )
    We are collecting revenue today but it is small and there are some mid size projects in the works as well
    DARTT is the unknown in the race.

    We have a solid relationship with HP we do joint customer calls and we talk regularly. We would like to convince them to adopt wave as their standard client software we are not there yet.

    It really is a simple problem that 2-3 years and 30 - 50 million dolllars can't solve. I would not so easily dismiss the work and brand that has been built. We have great partners and we work very hard to make them look good.

    We will need help but I think we have the bases covered today.


    Thanks for the support.

    steven
  • commenter
    Mar 28 08:05 PM
    My Website
    Interview: Steven Sprague, CEO of Wave Systems Corp. (Nasdaq: WAVX) [view article]
    We have built the solution to be compatible with tpms but not to require them. We think the potential for this type of transaction is for everyone. It is about changing habits but the process is so easy that It should take off like online banking did. Signing the loan origination and all of the supporting stuff that has to be done to be in compliance builds a better transaction foundation for everyone. In addition, it provides secure online storage of the documents. In time we should all do our busywork paperwork this way. There is always a place for sitting at the table and signing your fist mortgage and everyone shaking hands but anyone with volume business will prefer an electronic, self organizing, and compliance auditing system. We hope this will generate significat transaction volumes for wave.

    In addition, everyone will ultimately need an identity in a TPM to sign with and to have secure access to these personal documents. The synergy here is fantastic.

    Steven
  • commenter
    Mar 28 07:58 PM
    My Website
    Interview: Steven Sprague, CEO of Wave Systems Corp. (Nasdaq: WAVX) [view article]
    Thank you for your support. It has been a long time cooking but the progress is tangible.

    I know it is hard when one can only see the companies public progress.

    Steven
  • commenter
    Mar 28 06:02 PM
    Interview: Steven Sprague, CEO of Wave Systems Corp. (Nasdaq: WAVX) [view article]
    Steven, are you giving your large potential customer over 100K seats a financial cost saving proposal relative to things they do today, like Chris at Papa Gino's seemed to understand? Hard savings with a short or immediate ROI is a good way to close deals.

    Does your web site have a general or specific case study on costs, including customer infrastructure, versus cost savings within the IT organization itself? IMO, ROI talks, costs walk.
  • commenter
    Mar 28 04:16 PM
    Interview: Steven Sprague, CEO of Wave Systems Corp. (Nasdaq: WAVX) [view article]
    Hi Steven,
    Thank you and nicely done on outlining the vision for trusted computing. There are so many great developments. As you have pointed out, it's the right technology at the right time, for the right reasons. Which brings me to a potential huge customer who needs this.

    *The Army and DOD have adopted the specifications as stated above. But is there any clarity you can provide to when the first dollar of this effort on their part to install and implement a new foundation like this would come??? Is dollar one for trusted computing by these or other US government agencies a 2007, 8, 9 or further out time period to realize a payment from them? We expect they would need Wave as part of the new platform this provides if they want to do it right, correct, but when would be the latest you would expect dollar one from them to pan out for you?

    *How would you characterize Wave's relationship with HP? How would they characterize their relationship with Wave in your opinion? Are doors closed, or cycles of rapport already been used up with major players like them or MSFT on the bundling front besides TV Tonic, or Cisco - and so do you wait and engage them as opportunities come up?

    *Critics can say a centralized management system is really not that complex a piece of software and that managing the TPM or other utilities is easily replicated by anyone who saw enough of a market. Are you expecting to see some major competitors show up by the time the new platform and technologies take off?

    *How come we don't hear much about Set-Top-Boxes and Wave making more in-roads or developments with partners there? Isn't there a role for Wave in the next version of TIVO? I want the internet browser ability to get lineups and rosters of the NCAA final four teams on my TV while I watch the games.

    *Would you say your management team is ready for the tremendous growth you see ahead or has a plan to handle it?

    Keep up the great work!

    Anyone who knows the history appreciates the work done by Wave's group over the years and where this has all come from - whether it's the starting ideas forged by a chairman and founder of National Semiconductor to trying to usher in a revolution with your own silicon, to building what is the trusted computing movement today embraced by 160 companies.

    Thank you, thank you, thank you!
    I have to go unlock my other machine with a password now.

    --DSmith
  • commenter
    Mar 28 01:59 PM
    Interview: Steven Sprague, CEO of Wave Systems Corp. (Nasdaq: WAVX) [view article]
    <i>“According to a recent broker survey we conducted, 84 percent of our originator base is interested in supporting an electronic signed solution,” explained Ellie Mae chief strategy officer Jonathan Corr. “We’re committed to listening to our customers and proactively responding with solutions to meet their needs. The addition of e-signature capabilities to Encompass illustrates this commitment. The time for e-signatures has certainly come, and we’ll help make e-signatures more commonly accepted through Encompass, which is already licensed by over 140,000 mortgage originators.” </i>

    1. The above is from Monday's PR with Ellie Mae. Can I interpret this so taht there is a possibility that Waves eTMS could ultimately be used by all 140K mortgage originators?

    2. Do any of the three licensed elements (SmartSafe, SmartSignature Server, SmartConnect web services) need to leverage TPM capabilities.

    Thank you
    Andy
  • commenter
    Mar 28 01:33 PM
    Interview: Steven Sprague, CEO of Wave Systems Corp. (Nasdaq: WAVX) [view article]
    Steven
    Thank you for your time over the last three days.
    As you may well be aware a lot of them are from WAVX long term stock holders.
    In the words of one long long 'ITS COMING'
    Could you just give us longs the heads up and enthusiasm to hang on in ther just a little longer!
  • commenter
    Mar 28 01:17 PM
    My Website
    Interview: Steven Sprague, CEO of Wave Systems Corp. (Nasdaq: WAVX) [view article]
    We haven't provided exact numbers but we shipped millions in 2006 in the range of 5 - 7 million

    we expect to ship closer to 15 - 20 million in 2007 but that depends on our OEM partners and our ability to continue to provide them with quality solutions.

    We think that the bulk of the features are very easy for a user to figure out but integrating it with your corporate network logon requires some support from IT. Once set up the day to day use is simple and some times invisible.

    Steven
  • commenter
    Mar 28 12:51 PM
    Interview: Steven Sprague, CEO of Wave Systems Corp. (Nasdaq: WAVX) [view article]
    This has been a terrific forum for questions and answers. Thank you for giving your time Steven.

    Can you provide clarity as to how many pc platforms have shipped with ETS lite in 2006, and how many will ship in 2007? What percentage of the tpm market is Wave Systems capturing? Is that percentage expected to increase in 2007-2008?

    Is your ETS software highly intuitive or does it require training of the IT dept for full benefit?
  • commenter
    Mar 28 11:13 AM
    My Website
    Interview: Steven Sprague, CEO of Wave Systems Corp. (Nasdaq: WAVX) [view article]
    the bid process is how they cull the list but there is no gurantee of an order for the bid put it in think of it as submitting your best price to be listed and then the gov't can buy off of the list.

    It was originally thought back last fal that a drive would not have to have any information about the PC on which it ran. ie the software is not customized to the bios. This turned out not to be true and customization is required to enable Standby mode on your laptop. This had the effect of a small amount of sand in the transmission. In the short term it created delay. In the medium term it gives wave a huge advantage because we are prepared to understand bios configurations and to support testing on multiple platforms from multiple vendors. We currently are supporting all of the major OEMs with tdm Most of tier 2 and most of tier 3. Keeps all the hands and feet busy. I think the other software vendors are not as well prepared to do this and may never do it.
    the first ASI and tarox machines support on and off and hibernate but not sleep.

    PS bitlocker has this same problem it is an issue created by microsoft and bitlocker does not easily support standby as well.

    Most of the software Full disk encryption solution guys get around this by hacking the windows kernel.

    As a funny note had a conversation with a top three accounting firm where they are running safeboot aks for a password when you turn it on or recover from hibernate but nothing if you just close the lid and then open it. As IT learns more about actually securing data at rest this will not be considered a viable solution. I have not research safeboot so just assume it is a configuration error by the accounting firm. Our software on ASI locks out standby if a drive is initialized so that there is no risk of the machine blue screening on recovery as the systems fail safe.

    The cool thing about building the tdm software is as problems are discovered the drives never release data without permission. Some times they have become permenantly locked due to bugs but never unlocked.

    I hope this clears up the question.

    We are shipping evaluation systems to enterprise customers today to let them touch and exercise our software broadly.

    steven
  • commenter
    Mar 28 10:55 AM
    My Website
    Interview: Steven Sprague, CEO of Wave Systems Corp. (Nasdaq: WAVX) [view article]
    I think that until you have proven revenue or signed binding contracts that produce revenue a company should stay away from debt it put control into the hands of a few and then if there is a hickup we all lose. We are closer to this position but not there yet.

    steven
  • commenter
    Mar 28 10:46 AM
    My Website
    Interview: Steven Sprague, CEO of Wave Systems Corp. (Nasdaq: WAVX) [view article]
    Trusted phones that support third party trust models will still take some time. we have strong IP in this area but it depends on how it is ultimately done.

    Trusted peripherals will show up as their need is better understood Trusted PIN entry is the obvious one for input of passwords that can't be stolen. this is true for trusted biometrics as well.

    steven