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Technology Stocks : WAVX Anyone? -- Ignore unavailable to you. Want to Upgrade?

To: Golden Bear who wrote (7755)	7/4/1999 6:01:00 PM
From: Marty Lee	Respond to of 11417

Hello there Golden Bear, The answers to your questions can be found at wavesys.com Click on the COMPANY tab and then read through the ABOUT WAVE, the TECHNOLOGY, and the FAQ sections. Here's some cut and paste work from the sites: Today, secure electronic transactions are typically performed on centralized servers requiring multiple layers of firewalls, network encryption or remote authentication of the user's identity before being processed. The EMBASSY E-Commerce System, embedded in PC hardware, provides an inexpensive solution with strong encryption, which is more secure and less complex than current software-based approaches. The EMBASSY system, including the support and communications systems, has been designed using the leading available security techniques and products to provide and maintain a protected computing environment on the PC platform. Wave's competitors have a fundamentally different architectural approach. What they are doing is hardening the PC, not to make it a trusted client, but so it appears in the server model as a more-secure terminal. In this model, the only thing you can trust is that a remote PC, when it comes into a server, is who it says it is. You can prepare files to send to a server somewhere, but you can't do any independent transactions, and you can't do account balances — for that you need non-volatile memory. In this model the PC is "trusted" only when attached to the server. Wave's trusted client architecture is possible because the EMBASSY is a self contained secure environment that runs independently of the client processor and operating system. This allows for secure transactions to occur even when the PC is not connected a server. This is all to say that in contrast to Wave Systems, the sever/software distribution systems incur higher transaction costs and are less economically scalable to large numbers of consumers, requiring customers to linger on-line in real-time to shop, transfer funds and download content. This expensive use of server capacity adds "friction" to server-based e-distribution systems reducing profits and competitiveness throughout the supply chain. It's not just what WAVX has done, (placing consumers at the heart of the system) it's what the server solutions cannot do that guards against sever based systems having consumer preference. Wave systems offers the ONE e-commerce and content distribution solution that brings an internet-style commerce interface to the totality of media channels including CDs/DVDs, cable, satellite, data broadcast as well as the Internet. Hope this helps, Marty