To: ekn who wrote (7631 ) 7/1/1999 10:55:00 PM From: Jesse Livermore Respond to of 11417
WAVX: State of the Union To: ekn (39735 ) From: Jesse Livermore Thursday, Jul 1 1999 10:43PM ET Reply # of 39738 EKN, I have been in the game for 25 years. I have shorted with the best of them. My best this year was IMON at 14. I am long WAVX. I have done my homework. I have the chip in my computer and it works flawlessly. I can pay to try software games spending $2 to see which ones I think my kids would like. I await more content. It is a great business model. The computer industry is struggling with razor sharp margins. The Wavemeter in a pc offers a revenue sharing model that the OEMs need. PC-Free will announce shipping in July. Won't Dell, Gateway, et al respond in kind? pcfreecomputers.com Hewlett-Packard is our partner and it boggles the imagination that they won't ship the chip. I am counting on more-as in an equity stake. Why not? AOL is an equity partner, too. AOL also announced a venture into the free PC business model and is likely to use the chip. David Booth, CEO of PC-Free announced negotiations with WAVX, PC-Free and MCI-WorldCom. He also announced a deal with Lycos. Compaq is shipping keyboards with our new partner N*Able. The N*Able execs took a stock deal from WAVX for their company. Did they not do their due diligence? NEC is a partner and will surely ship chips. Actiontec is a modem OEM who is partnered to ship chips. Haup started shipping chips in the Win-Tv theatre board. MyPublish.com, Wave's software solution for publishing digital data is up at mypublish and awaits a grand opening any day. There are banners on the site of theglobe.com, our partner. MyDonate.com is also being prepped for a grand opening. HP announced a smart card initiative and an apps for rent move todaysvr1.external.hp.com This fits perfectly with WAVE and N*Able. We hired Nolan Bushnell to the board and the gaming industry links, like SONY are a reasonable content provider to join us. George Glider and Nicholas Negroponte are supporters. Jim Melcher of Balestra in an investor. InTelicast, our satellite joint venture with Sarnoff and Fantastic is in beta and a perfect vehicle for the major broadcasters. ITG, our British joint venture is expanding in Europe with the free ISP model. I didn't touch on music security and digital sales but it is an obvious fit. The revenues just started this month and, although a trickle, will grow, and soon enough. The street values us on earnings expectations. The competition is software, QPass, Intertrust. Much more tedious then the Wavemeter which is out there. Who has used Qpass or Intertrust's software? Do your own DD at wave.com What am I missing? there is support on the charts at 15, 14, and 12 so where is the short potential? Jesse ------ Previous | Previous | ------ | Edit your message | View SubjectMarks Bookmark this Subject