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

To: Smilodon who wrote (8021)	7/8/1999 3:50:00 PM
From: Jesse Livermore	Respond to of 11417

You are wrong. Period. It is always significant to take stock. You can argue how significant if you choose but insignificant? Please rethink your answer.

To: Smilodon who wrote (8021)	7/8/1999 4:01:00 PM
From: Norman Klein	Read Replies (1) \| Respond to of 11417

Archer, I think that is an unduly harsh view While Nable might not be a household name, they are still a very viable and highly regarded company. They have a substantial group of talented software and hardware engineers, which have managed to design and implement a family of Security Co-Processors: Keyboard/Keypad/Display Controller and SmartCard Controller. This series of products is suppose to be deployable within the next six months and they have a licensing agreement with Compaq. A company with these significant assets can always find suitors (and venture capitalists) with cash. NABLE accepted WAVX's stock offer for the primary reason that WAVX's Embassy technology strongly complements their product line.

To: Smilodon who wrote (8021)	7/8/1999 4:02:00 PM
From: Smilodon	Respond to of 11417

I stand by my answer. Unless I find out they had competing offers that were either cash or stock in more reputable companies, taking stock is not significant. I actually have worked on a private deal with Mitsui-Comtek. Nice guys, but not very sophisticated. These VC's were just liquidating a bad deal. They took what they could get and will dump the WAVX shares as soon as possible, or distribute the shares to their limited partners when they are freely tradeable, who will then dump them. That by itself is no reflection of the quality of WAVX in either direction. Just standard VC practice.