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

To: 24601 who wrote (1308)	3/6/1998 11:13:00 AM
From: D.Teague	Respond to of 11417

Here's another link: zdnet.com Seems to be more like typical internet only e-commerce, ie. cybercash. I''d still like to here S. Sprague's opinion.

To: 24601 who wrote (1308)	3/6/1998 11:51:00 AM
From: twoveg	Respond to of 11417

John, you are a mine of information ! From a very brief scan of the info on that link, I would agree that Millicent is a purely Web-based e-payment solution with no hardware metering capabilities. (hurrah !) By the way - FWIW - the guy who first made me aware of Wave is in the telecoms hardware business and he had a meeting with a couple of the strategic comms people at British Telecom recently. During a discussion about what will be driving the comms market in the future, they (obviously) were talking about e-commerce and without prompting started talking about Wave Systems and Wave-enabled content etc. I guess this may be because of the Global Wave thing but it is interesting to hear where Wave pops up.

To: 24601 who wrote (1308)	3/7/1998 9:27:00 AM
From: Steven Sprague	Read Replies (1) \| Respond to of 11417

Millicent is a payment system. It is also very complex. Wave is very focused on Content distribution. So let's try an example Joe the publisher wants to publish a newsletter. With Wave He writes the newsletter, He goes to great stuff and signs up for a publishing account (Publishing is currently Off-line for about a week) He encrypts the file and ends up with a .SMO file that can be posted anywhere on any web site including Joe's site. KEY POINT no server software required The consumer selects the content and gets a purchase screen from Wave KEY POINT no client software or plug-ins required I suggest that you down load the milicent White paper previously referenced and see if you can figure out how Joe publishes. This is a complex system that requires a lot of relationships. I think we as consumers will migrate to ease of use, The transaction system we like is "Click and the content arrives" the important technology is not the transaction but the Merchandising of the content. How do you find it, What is in it for me as a consumer if I buy this. Steven Sprague Wave Systems Corp.