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

To: Arthur Radley who wrote (8643)	8/7/1999 11:51:00 PM
From: SlateColt	Read Replies (1) \| Respond to of 11417

"...If the likes of HAUP have come on board, are you telling me that the IBM's of the world are not smart enough to see what HAUP sees. ..." IBM is just smart enough and just stupid enough to miss the boat. They're smart by letting smaller players (Hauppage) work out the kinks and generate some sales data to digest. They're just stupid enough to wait until they have to include Embassy in their boxes to compete. They have little initiative and only follow the herd. Witness the fact that HP appears to have taken the ball. Even Peter stated awhile ago that IBM wants to see other OEMs join in before they stepped up to the plate. The significance of the IBM agreement is still a mystery to me. It was stated by Steven (or Peter) that they work with a large number of IBM folks on a daily basis. Hopefully, that's just not to provide the infrastructure to WaveNet, which I'm beginning to wonder. Previously, I was very frustrated with the lack of information concerning the agreement. Now, I've pretty much written IBM off as a no-show. If something materializes, great. My feeling is that once we have one major OEM signed, the rest will fall like dominos. That's when its gonna be real fun to own this stock. Of course, that elusive OEM might never materialize (ie no production orders), but that's a bet I'm still willing to make. The key now is to watch NAble and Sarnoff (Intelecast), these are near term events/products that should dictate the rest of 99. On a side note, the NAble deal really intrigues me. The major benefit I see here immediately is online banking. The industry is in its infancy and will be huge someday soon, and somebody's gotta provide the security at the fringe. Bringing the ATM to your doorstep is a potential killer app by allowing the transfer of funds directly from your bank account to a smart card plugged into your PC or any other device. Recent ATM usage has leveled off and is declining due to high transaction fees that consumers have had it with. Debit cards are being used more and more. People are moving away from cash willing to sacrifice their anonymity to save a few bucks. Wave needs to be very sensitive to this issue when developing their pricing structures. Although, most assuredly, the banks will have the final say. ---Slate