If mpii, the recent poster on Raging Bull (who has been good enough to correspond with me by e.mail) is acting in good faith, then he and his contacts may misapprehend how far along Wave is in the execution of an overall plan. I certainly hope so. The picture they see does not comport with the the company's public statements. The story that Peter and Steven Sprague have told consistently over the past year -- in SEC filings, press releases, conference calls, and correspondence -- is aptly reflected in The Wall Street Transcript piece on the company's website (http://www.wave.com/company/art/wallstrttrans.pdf).
If PC OEMs were not champing at the bit to have a distributed (client-side, point-of-consumption), chip-based (hardware) component that can authenticate, decrypt, meter usage, and manage rights, then the Spragues would be confabulating. I do not know how the truth could be as far away as mpii's sources sources would put it. Besides, how could margin-cramped PC OEMs resist a new revenue stream from each platform? If PC OEMs were not interested in SMSC's offering a WaveEmbedded I/O component, then how could SMSC justify spending resources to develop one (speaking of thin margins). And beyond PCs lie set-top boxes and more.
I honestly believe (perhaps partly as a matter of faith) that we soon will hear a set of announcements that will reveal a complex of relationships -- among content providers, platform makers, and Wave -- that will take our breath away.
Best wishes. |
