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

To: Norman Klein who wrote (5293)	2/1/1999 11:43:00 PM
From: Harold Lehman	Respond to of 11417

Norman, I am not a techie, but I have owned Wave since mid '98, and I will try to answer your question without dignifying that really stupid 10 question routine. The Embassy chip, which used to be known as the Wavemeter, basically does two things. It's an inexpensive hardware device that guarantees security, and it's also a metering device that can measure micro increments of payment. And these can be done with probably every method of connecting to the internet, i.e., PCs, set top boxes, HDTV, satellite, etc. Hardware encryption is supposed to be the most secure form. I'm going to skip all the other uses because this is not my area and I don't feel like writing a tome, but will tell you that it's thought that the most lucrative future use of this chip is for encrypted, metered video and audio. Say pay-for-view and recordings, not to mention software and other things. This offers both metering, and copyright protection. For every metered transaction, Wave and its partners get a royalty. Since e-commerce is expected to be in the trillions of dollars there should be a substantial amount in digital, metered transactions, and Wave will get a cut from each of these. Intel has mentioned a billion interconnected computers, so you can see the possibilities in terms of sheer numbers of transactions. I believe that Wave has the only patent for a metering chip with triple encryption (whatever that means), and this chip can be modified to fit any platform. Therefore you don't have to send your credit card number over the internet, you can pay anonymously if you want, through your Wave account. There's more, but I believe in quality, not quantity. If you want detailed great posts, I suggest Marty Lee, Wahoograd, and Bigtim (he's exclusively on Raging Bull). I know I've left out others, so here's my tepid apology. HL