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

To: cm who wrote (8887)	9/1/1999 6:29:00 PM
From: cm	Read Replies (2) \| Respond to of 11417

Re: This Day... This was a bad day. You can't control the markets. But, you can control yourself. You can put away the fear... which is fed by those who try to profit from it. And you can push yourself away from the computer for a day or two or even a month. Days like this, hopefully, bring you back to the fruits of your own due diligence. If you have not done much independent research, let this day spur you to do so. I remain as solid in my own view of WAVX's prospects as I was the day that I first bought. In fact, I am even more convinced of its ultimate success because of the many months that I've been reading up on the company, it's putative competition, and the several vexing issues its products could well be at the center of resolving. There is, of course, a tremendous risk associated with this investment. But, the risk is, in my opinion, considerably less at $8 or $9 in light of what we now know re: the ISTPA, the KiSS/Lego deal, the PGE recommendation (and reiterated opinion). We now know that a premium content provider--arguably the leading children's software in Europe--is more than willing to reformat its content and participate in secure satellite distribution of same. We now know that WAVX has joined a very prestigious group of leading technology and financial companies--like Racal and NCR and Microsoft and Intel and AMD and Bank of America and Chase--to discuss the three pillars of e-commerce--trust, privacy, and security. We also know that this organization is going to make specific technological recommendations. As of the KiSS deal, we now know that the path to convergence may best be paved through the sky: satellite data and broadcasting. The KiSS deal begins, very humbly, pointing us toward just some of the possibilities latent within Novitera (nee inTelecast). We know that NxtWave Communications (formerly Sarnoff Digital Communications), in conjunction with Motorola, has solved one of the more vexing issues re: digital broadcasting, i.e., clarity of reception. We also know that rather than hiding from their WAVX connections, it seems HP has gone out of its way to heighten them. Their VerSecure page has, arguably, as its centerpiece, the whole WAVX story. And we also know that the climate surrounding WAVX EMBASSY solutions is changing in our favor. Beginning earlier this year, Intel's PIII privacy debacle started bringing privacy to the fore. And with each passing month, we've seen privacy, security, and trust become ever more pressing concerns. Now, scarcely a day goes by that there isn't some interesting article about online credit card fraud, new viruses, this or that Microsoft application being hacked (thus underscoring the vulnerability of all software-based security systems), US encryption export policies, fear that your cyber vapor trail is being monitored, etc. I remember reading once when I was in grade school the following quote: "There is nothing like the pain of a new idea." And I think, unfortunately, all WAVX investors (except for some of the earliest) are feeling some of that pain. But, in the face of all that we now know, ask yourself: is this new idea an important one? Does it touch on fundamental concerns that seem to be growing by the day? And are we not seeing the first glimmers... indeed... the shape of things to come? Have we not had enough external validation of the company's thought leadership via the ISTPA? But, thought leadership don't pay the bills. So have we not even partly fathomed the implications of deployment through USBs and satellite distribution of Lego software in Europe? My opinion only. Stay the course. Bought 1000 more today. Am buying 1000 more tomorrow. Best Regards, c m