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

To: ecommerceman who wrote (9982)	3/11/2000 3:23:00 PM
From: ecommerceman	Respond to of 11417

You'll want to read this one! posted at RB by Yayapapadoc Wave Systems from stockpickers:Target $100/sh :) Wave Systems (Nasdaq: WAVX) Analyst: John Dukes "This week's selection, Wave Systems, is a leader in technologies and services to secure and sell digital information. Wave was first profiled by SPN in 9/98, and was then again selected in February, 1999 at 12 15/16 with our target of the shares doubling within 18 months. Since then, Wave Systems has continued to strengthen its strategic position utilizing new partners and technologies to make its solution the preferred and widely accepted one for securing and selling digital information. Recent News Today, InterTrust Technologies Corporation and Wave announced a comprehensive relationship to license and integrate InterTrust's digital rights management (DRM) technology into Wave's digital broadcast network infrastructure and Trusted Client hardware platform and services. The agreement with InterTrust underscores Wave's commitment to creating leading solutions that utilize Wave's technology. Allowing content providers to protect and manage the distribution of music, published documents, videos, and other digital goods with flexible new delivery and business models, this latest agreement further enhances Wave's solution set and is complementary for both companies. Intertrust, a leading developer of distributed digital rights management (DRM) technology, has seen its share price rise from a low of 18 3/4 to a current price of 93 3/4. As the investment community becomes more aware about Wave's innovative solution and the ever increasing probability of success in this massive market, I expect Wave's shares, though possibly quite volatile, to continue to gain significant appreciation over the next 12 months. Financial Valuation and Summary For the fourth quarter ended December 31, 1999, Wave Systems reported net revenue of $117,000, compared with no revenue in the prior year's fourth quarter. Despite the strong share price increase as of late, Wave's market capitalization is still under $2 billion, which is relatively low given the company's enormous potential. However, Wave does still have very low absolute revenues and I believe mass implementation must ultimately occur to support a significant market value, otherwise the shares even at current prices could face substantial declines. That said, I do believe the company appears to be right on the right strategic track to indeed making its solution a defacto standard. If indeed that happens the shares will ultimately increase to much higher levels than today. My target for Wave Systems is $100 per share within 12 months." Not the most penetrating analysis I've ever seen--he didn't even mention the $122 million private placement, which I consider to be extremely important news, and his "cover-my-ass" caveat at the end about lack of revenues was pretty limp, I thought, but still welcome in total... -