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

To: 24601 who wrote (2588)	6/7/1998 10:26:00 AM
From: rustyjack	Read Replies (2) \| Respond to of 11417

ITG payments... There has been speculation recently as to ITG payments being the next news release. This is from the April S-1 filing... The Company also received a payment of $1 million pursuant to a joint venture agreement with Internet Technology Group, PLC ("ITG"), a United Kingdom company. The remaining portion of the license fee will be paid in 1998 if the remaining milestones are achieved; however, there can be no assurance that the remaining milestones will be achieved. Also, at this time neither ITG nor the joint venture have the resources to fund the remaining payments. What has changed to make anyone believe the payments are forthcoming by the end of June?

To: 24601 who wrote (2588)	6/7/1998 4:21:00 PM
From: Wahoograd	Read Replies (1) \| Respond to of 11417

After reviewing prior Wave and ITG press releases, it does appear that Wave has received $1.75 million of the original $5 million license fee. This would leave another $3.25 million to be paid this month by ITG. I don't know the status of ITG's ability to pay this fee, but Wave's IR people may be able to elaborate on Monday. Wave has also recently received close to $1 million from exercised stock warrants. BTW, I believe the Global Wave joint venture with ITG - where ITG has 75% control - applies to European OEMs and content distribution partners based in Europe, the Middle East and Africa. My understanding is that Wave is primarily looking to ITG and Global Wave to introduce new content providers, particularly from Europe. I don't believe the joint venture agreement applies to Wave's US-based content partners who distribute content to Europe, the Middle East and Africa. Wahoograd