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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (4504)	10/31/1999 6:12:00 PM
From: Jesse Livermore	Respond to of 10293

True Bill, true. If WavExpress is a smash hit though, I suspect a spin off IPO will raise some very big dollars for WAVX. What do you suppose an announcement from AOL/CBS teaming with WavExpress will do for the stock? We have Eger and Connors on the BOD. Read this old news: WAVE SYSTEMS AND SARNOFF CORPORATION ANNOUNCE BOARD OF DIRECTORS FOR WAVEXPRESS JOINT VENTURE WaveXpress, Formerly Called InteleCast, to Start Testing Revolutionary Data Broadcast Products and Services. Lee, MA, September 9, 1999 -- Wave Systems Corp., (Nasdaq: WAVX; wave.com), a provider of e-commerce, content distribution and security services, today announced the Board of Directors for WaveXpress (formerly Intelecast), a company formed as a joint venture with Sarnoff Corporation. The Board members are: Peter Sprague, CEO and Chairman of Wave Systems. Steven Sprague, President and COO of Wave Systems. Dr. Norman Winarsky, Vice President, Sarnoff Corporation. John Eger, currently holds the Chair of Communications and Public Policy at San Diego State University, ex-head of CBS Broadcast International and former Director of the White House Office of Telecommunications Policy (OTP). Michael M. Connors, President Emeritus of AOL Technologies, Chairman of the Board of Webley Systems. WaveXpress will provide secure data broadcast architecture, infrastructure and content services to broadcasters and content providers. WaveXpress is developing technology and services that allow content providers to send any kind of digital content such as information services, software and games, and Internet content to properly equipped PCs by utilizing unused bandwidth from the Digital Television (DTV) spectrum. Consumers can purchase this content through secure e-commerce transactions, opening a significant new revenue stream for the broadcast community. Tests of the WaveXpress system are under way now, with a commercial trial of the system scheduled for Fall. "WaveXpress is well positioned to participate in driving the evolution of the communications industry," said Mike Connors. "I?m elated at the opportunity to help this company meet its potential which, in my mind, is fundamentally creating a new broadband channel to the home -- one that is as powerful, more available and easier to receive than cable, DSL or satellite. The company has great technology, excellent partners and very strong patents. My goal is to help execute on the potential of broadcast broadband." "Over the air television is still the most powerful medium ever created," said John Eger. "With the new digital architecture Wave and Sarnoff have developed to serve broadcasters across America, broadcasting will continue to play a dominant role in the digital age. WaveXpress offers broadcasters a viable business model for selling goods and services utilizing the vast potential of the data broadcast spectrum. Broadcasters now will have the opportunity to create strong, sustainable, direct relationships with consumers. I?m very pleased to participate in a company poised to shape the future of the data broadcast industry." "We're well on the way to building a new business model for the industry," said Steven Sprague, president of Wave Systems and director of WaveXpress. "We?ve appointed a stellar Board for WaveXpress, tested the system with live distribution of information packets over a broadcast network, finalized the licensing agreement with Fantastic Corporation, and begun integrating Fantastic's network operation software with Wave?s backend services. The benefits of this solution are immense. Consider that, in addition to delivering content and services, WaveXpress can deliver a 2 megabyte anti-Virus update in 16 seconds simultaneously to millions of PC users."