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

To: SlateColt who wrote (5874)	3/7/1999 7:24:00 PM
From: andrew peterson	Respond to of 11417

Some clarification regarding aftermarket issues, from the TWST interview: TWST: What happens to that huge base of installed PCs that don't have WaveMeters? Mr. Sprague: We've got two products to get the WaveMeter on existing PCs. The first is the Plug and Play ISACard and the second is a universal serial bus device which plugs in externally. Both are inexpensive, I mean sub-$50, so for the price of one software title, you get our metering capability and 20 titles to choose from. TWST: has the add on meter been developed? Mr. Sprague: Yes, it has. Today the add on meter is in the form of an internal plug-in play card. By the end of the summer it will available as a USB device. These are not available in retail yet, and we probably won't make them available until the first OEMs are shipping. But technologically these are available. The second part of our strategy is to continue working with a number of manufacturers of peripherals, modems, sound cards, DVD cards, etc., who have expressed interest in bundling the WaveMeter with their products because they see it as a value-added feature. Our TV tuner card agreement with Hauppauge is such an example. Think of it as getting a multimedia peripheral card or a tuner card with a metering device on them and a collection of content geared towards that particular device.

To: SlateColt who wrote (5874)	3/7/1999 8:09:00 PM
From: French Bikini	Respond to of 11417

Slate my $10M answer You are very smart. And we feel you answered your own question. We have Gateways-1997, HWP--98, Compaq 1998 models and they all have USB ports. Why wouldn't content providers want to give away encrypted content for free/bundled. What if we get financing and can give away the money chips with them. Assume financing is a done deal (we should know soon), we know there are enough interested content providers, and we know there are 10s of millions of USB ports out their ready to get plugged. You are smart and you answered your own question. Congratulations. I hope we are right. We just need the peripheral technology and at a low price. We don't hype, (at least not intentionally) but your know we are of the most vocal advocates of Wave Systems. Greedy? yes we are getting that feeling, ....why not? F_B

To: SlateColt who wrote (5874)	3/7/1999 8:26:00 PM
From: REM55	Read Replies (1) \| Respond to of 11417

Regarding the valuation of WAVX: Dear SlateColt and others: I think you are wise to somewhat temper the enthusiasm of some of our most enthusiastic shareholders. I do believe it is a matter of degree and speculation , but all of us believe in this company or we wouldn't be investing in it. It is anyone's guess how quickly deployment will take place and how frequently those who have the EMBASSY will use it. IMO we are in the 1st or at most the 2nd inning of this ball game. What this company is worth at this early stage is almost impossible to determine. Turning to my investment library, I am reminded of what Warren Buffett once said about valuing an investment.... "When we buy common stocks (Charlie Munger, his partner).....we approach the transaction as if we were buying into a private business. We look at the economic prospects of the business, the people in charge of running it, and the price we must pay. We do not have in mind any time or price for sale. Indeed, we are willing to hold a stock indefinitely so long as we expect the business to increase in intrinsic value at a satisfactory rate. When investing, we view ourselves as business analysts--not as market analysts, not as macroeconomic analysts and not even as security analysts." (1). Economic prospects--All of us would agree the economic prospects of this company are tremendous (2). The people running this company are IMO exceptional. (3). The price at this stage is certainly reasonable (accepting the belief that we will get financing and deploy). (4). No time or price for sale, and hold indefinitely---This an area where we need more patience. I think SlateColt is right, we expect far too much too quickly. However, if we have some patience, who cares whether the stock is at $30 or $50 at year end or $100 or $500 by 2002. If we hang on and management is successful the price of the stock will go up significantly. Best wishes, Ron