Good afternoon Wahoograd,
Thanks for the updates! Here is a portion of an article that appeared yesterday: ITG: Interim results for the six months ended 30 April 1998:
"We have, once more, been the net beneficiaries of a further six months substantial growth in our core ISP business. That growth apart, our GlobalWave joint venture is now well positioned to begin to benefit from the adoption of the Wavemeter technology by some of the best known hardware manufacturers in the world."
"Until today, I have not enlarged on the terms of the Group's joint venture with Wave Systems Corporation (WAVX). Our shareholders have been very well protected from any risks associated with this venture in an agreement that only allowed for payment of the full licence fee on the achievement of specific milestones. One of these was the December 1997 announcement from IBM, a very important endorsement and validation of Wave's technology. Wave's recent announcement of the agreement with Standard Microsystems was not only the final milestone, but also the coming of age of the venture, facilitating as it does a low cost solution tothe wide scale deployment of WaveMeters in personal computers. Wave has already signed distribution agreements with a number of leading content providers in preparation for high volumes of Wave equipped computers being delivered into the market in 1999. I am extremely encouraged by the prospects for this new venture and the resulting benefits that should accrue to ITG."
Jan Murray, Chairman
Sincerely,
Jas |
