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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (11939)	8/5/2003 10:50:32 PM
From: afrayem onigwecher	Read Replies (1) \| Respond to of 19428

Wave Systems Up 16% On News Of IBM Deal DOW JONES NEWSWIRES By Ellen Sheng Of DOW JONES NEWSWIRES NEW YORK -- Wave Systems Corp. (WAVX ) stated that its security software is compatible with International Business Machines Corp.'s (IBM) embedded security subsystem. Shares recently traded at $4.95, up 53 cents, or 12%, on Nasdaq volume of 24.6 million, compared with average daily volume of 2.2 million. Shares rose 21.1% Monday. Corrected August 5, 2003 14:48 ET (18:48 GMT) The IBM announcement came on the heels of another announcement last week heralding a deal with Intel (INTC). Last Thursday, Wave Systems said it had reached an agreement with Intel to bundle its software and services onto a future Intel desktop motherboard. Shares hit a 52-week high of $5.04 following the news. Wave Systems reported a net loss of $43.5 million in 2002 including one-time charges, on revenue of $447,000. At its current trading price, the company has a market cap of over $250 million. The company has not been profitable for the last four years. It is not followed by any analysts tracked by Thomson First Call. A Wave Systems spokesperson was not immediately available to comment. -By Ellen Sheng, Dow Jones Newswires; 201-938-5863; ellen.sheng@dowjones.com Wave Systems Corp. (WAVX ) stated that its security software is compatible with International Business Machines Corp.'s (IBM) embedded security subsystem. (A story that ran at 1:04 p.m. EDT incorrectly stated that Wave Systems has an actual deal with IBM.) Updated August 5, 2003 1:04 p.m.