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

To: 24601 who wrote (2065)	5/12/1998 4:45:00 PM
From: Wahoograd	Read Replies (2) \| Respond to of 11417

Peripherals and Smart Cards: One other point regarding the hard-core electronic gaming market. These people could provide Wave with a strong, and early, base of revenue until the WaveMeter makes headway in the overall PC market. In reference to earlier posts by others on this thread, I would not assume that the smart card is simply an encryption alternative for the Wave chip. Reliable sources have indicated that there has been interest from banking and credit card companies for integration of the Wave chip with smart card technology. Currently, the primary technology used to replenish funds and transfer data from smart cards to banks is provided by cumbersome and (relatively) expensive peripheral devises that hook up to telephones. I believe there is interest in the Wave chip because it is a very inexpensive hardware encryption devise able to facilitate a PC-based interface between the portable smart card and the bank or credit card company. I also understand that the Wave chip is able by itself to emulate a smart card and would be able to function as a parallel smart card within the PC. Under this scenario Wave's chip could operate as an actual PC-based smart card (and credit card, for that matter) for online transactions under the name of XYZ bank etc. The consumer would probably not be aware of Wave but only that their internal PC bank card has an imbedded encryption capability. The bottom line is that banks and smart card and/or credit card companies could all benefit from these functions of the Wave chip. If this potential of the Wave chip is eventually realized then Wave would probably earn its (substantial) revenue from annual license fees for activated cards. BTW, as a way to monitor the situation with HP, we should all look out for future press events from HP, especially if they have a security theme. Wahoograd