New Investors
For New Investors: Hurry Back to the 20s WAVX!
(revised 09/09/99)
by Jesse Livermore
Wave Systems will make its splash on Wall Street this month when it rallies back to the teens. Ten years and $50 million dollars after former National Semiconductor chairman, Peter Sprague, visualized a future where digital information would be securely metered and transported, his dream of a new paradigm in electronic commerce is coming true.
Wave Systems, the company Peter founded, has been quietly developing a chip that some hail as the "money chip" because it will rock the e-commerce world. Wave Systems holds two patents that give it supremacy in the race for secure e-commerce. US Patents, 5,247,575 and 5,010,571, cover a system that uses an integrated circuit to store money in protected metered transactions whether delivered by satellite, broadband sources, the internet, or static data bases such as CDs and DVDs.
Wave Systems has collaborated with an impressive array of technology and content providers to get to where it will be this month: A NASDAQ company with momentum, ready to deploy the money chip and make Wave Enabled a household word. Hewlett Packard, Sun Microsystems, IBM, Alladin Knowledge Systems, Hauppauge Computer Works, ITE, NEC, Standard Microsystems, RSA, VeriSign, Fantastic Corp., Sarnoff Corp., theglobe.com, Amtel, and Actiontec have partnered with the company. In addition, it is estimated that Wave Systems has over 500 content providers prepared to Wave enable their content allowing it to be securely and transparently metered at the customer's site whether to buy, rent, pay per view, or lease to buy in amounts as small as fractions of a cent.
How big is this? America Online has quietly invested in Wave Systems. Could it be because it has the only patented secure hardware/software programmable and exportable system for digital commerce transactions world wide?
America Online and CBS executives were named to the board of WaveExpress, a joint venture with Sarnoff Corp. for satellite broadcasting.
Recently, it was announced that 500,000 chips are being shipped to Europe for deployment with Lego Media International and Kiss Nordic.
David Booth, CEO of PC-Free suggested that a major deal is in the works with PC-Free and that MCI-WorldCom is talking with, the Wave, Fantastic, Sarnoff broadband initiative.
The open platform technology promises to be an industry standard and that would mean Wave enabled desktops, laptops, set tops (boxes on TVs for satellite broadcast and cable transmission), net phones, kiosks, CD/DVD players, and devices as yet to be connected to the digital world. In short, All Things Digital, are the purview of Wave Systems.
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