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Technology Stocks : WAVX: Wave Systems Corp.

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From: TREND110/24/2008 6:04:35 PM
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Posted by: Armp Date: Friday, October 24, 2008 5:52:42 PM
In reply to: wavxwizard who wrote msg# 172165 Post # of 172175

My situation might be repeated in many other companies. I wanted to upgrade our total IT infrastructure and also bring on all the security capabilities provided by TPMs and Embassy.

No go.

Even though I’m a significant shareholder, an officer of the corporation and sit on the BOD, I couldn’t muster enough support in favor of the decision. I hired three external consultants and obtained opinions from a Manhattan company specializing in corporate security. No, No, No - No.

Two things worked against it. We have a mixed system of PCs and Macs. WAVX said to one consultant that they do not support the Mac platform. The other reason, more prevalent, is that the consultants felt that the more tried and true solutions would provide much of the security and convenience we could obtain without TPMs. So, they reasoned, why be the guinea pig?

My impression is that the TCG and Wave have done a miserable communications job. When one uses old language to define new approaches the audience only hears the old message. Even my own marketing people, in rolling out a product for us, made up new words, new terminology to avoid having the customer confuse the new technology with the old technology offered by the existing players.

Not long ago this discussion Board was pretty excited about something Steven wrote to explain why TPMs should be turned on and put to use. In the same spirit of excitement, I passed it to my wife. She shook her head no and said “this guy really only knows how to preach to the choir - our stock is never going up”. As a technical writer, I think she knows what she is talking about. I also got a similar opinion from my daughter who “translates” technical stuff for a national news company so that the average drone can “understand” the discoveries or issues. Communicating with those outside the core group, those with no prior understanding of the implications of your message, is radically different.

I then engaged a smart guy from the IT department of an Ivy League university to give me his opinion. I offered him $100 / hr to delve into the subject so that I could use his recommendation to get buy-in from all participants. Thumbs down. Wait and let others suffer through the implementation issues. However, I could tell from our discussion that his mind kept responding to trigger words in what he reviewed for me that were keeping him well away from what distinguishes TPMs and Embassy from what others are offering.

Just the same, I'm now convinced that the best approach is to sit back and wait for others to shake out the flaws, even though I don't know of any (too ignorant to know). Maybe others are being pushed to the same position.

We are upgrading the entire IT system - but no use of TPMs or Embassy.
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