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

To: Harold Lehman who wrote (3418)	7/28/1998 10:56:00 PM
From: 24601	Read Replies (2) \| Respond to of 11417

Dear Harold: I'd like to see someone tackle this issue, as well. I had thought of the WaveMeter as going with the device (PC, set-top box, etc.) and the WaveAccount as going with the person. Thus, I could use my WaveAccount to "unwrap" an SMO at my neighbor's WaveMeterized PC, and the WaveNet would ensure that the transaction nevertheless would be debited to my WaveAccount. But CPA sensibly asked (in Raging Bull post #647) how my neighbor's WaveMeter will be able to tell whether my WaveAccount has sufficient credit without going online. Anybody know how this really works out? Best wishes.

To: Harold Lehman who wrote (3418)	8/5/1998 5:39:00 AM
From: Steven Sprague	Read Replies (6) \| Respond to of 11417

Let me explain how this works. A wavemeter internally has a single administrator ie a person with administration rights can access all of the accounts. The Desktop software controls the multiple access rights. In this Way Mom can put $100 on the meter and then authorize each of the five kids to have $10 per month as an automatic allowance. Mom can also control the ratings level of the content that can be accessed and the time of day. So the 10 year old can only access PG content before 8pm and can only spend $10. This control is managed by the desktop software so if the 10year old can hack the desktop then he can spend all of moms 100 but he will probably get into MIT after being sentenced to his room for a few weeks. The meter also has the ability to hold multiple sources of funds Visa, AMEX, Cash, Corp account or any other colection of funds. Each of these accounts can be individualy managed by the administration sowtware. I have to run but I hope this helps to clarify this point. Steven Sprague President Wave Systems