WAVX Anyone? Message Board

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Technology Stocks : WAVX Anyone?

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To: Oliver Hahn who wrote (6963)	5/23/1999 2:15:00 AM
From: Trippi	Read Replies (1) of 11417

Oliver -- with out responding to all of your doubts -- some of which have merit -- but most of which are ridiculous -- Your Steven Sprague doubts being among the most amusing. Here is the only statement I know that makes sense at this time: If the whole world knew that WAVX was a sure thing we would not be at $19 right now -- the market exists and works because where some see huge opportunity others see uncertainty and pitfalls. To understand this company and its potential at all -- you must be able to envision a future in which a radical shift occurs in the way digital content is delivered and transacted. Not only is that shift occuring as we speak -- but soon it will be clear that WAVX is making it possible and in fact WAVX may be at the center of this shift for years to come. We can argue balance sheets til we are blue in the face. The fact is this company just received millions of dollars from people who did a lot better DD than you or I ever could -- I think they saw something -- the same thing that others here and at RB were gracious enough to share with me over the past months -- they see huge huge opportunity. We are not blind -- we understood that the company needed cash -- we knew the bridge loan would last but a short while, but we also knew our management and knew that they would succeed in finding the capital they needed to get the company to deployment -- AND THEY DID. Deployment is imminent -- you do not understand the significance of the Haup announcement on Friday -- but I think soon you will see things that will even make you understand just how huge the opportunity is and how more real it is becoming every day. Steven Sprague stated at E3 that Wave's goal was 100 million chips shipped. I've done enough DD to come to believe the company will make that goal if not suceed it -- do you have any idea how much revenue would be generated by 100 million devices? We don't owe anybody $53 million. But even if we did 100 million devices would blow such debt away with a few clicks -- and every click after would be another click towards a YAHOO/AOL valuation. One thing about a company forging a dramatic shift in technology -- looking backwards seldom helps in valuing the company -- in such a situation it is best to look forward and place a value on the future deployment of that company's tech. Mark me down as one who sees huge opportunity here. And I hold nothing against those longs who see the pitfalls. It only means that in all probability I and others here have put more on the line than our more conservative brethren. In general the market tends to over reward or over punish those who assume the greater risk. Yes there is risk here -- but the fact is that risk is diminishing every day -- the company is less risky today than it was before it received over $20 million. Each new revelation makes the risk less and the entry price for opportunity higher. In the end the market will decide if it was better to jump in with every thing you had (aware of the risks) but focusing on the huge potential. Or to nibble at a long position while you weighed heavily on the risks without fully seeing the very real possiblity of full deployment and market domination. Many here have assumed the greater risk and will therefore be rewarded or punished accordingly -- the sign posts are pointing to the reward side of the equation -- and so far the only pain I've felt is seeing the stock move away from me while trying to come up with more cash to continue to accumulate. Its a rewarding pain though -- if you know what I mean. I guess this is just a long winded way of saying "you go your way, and I'll go mine" we will each be rewarded accordingly. Good luck to you. Trippi

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