Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SDR-SI who wrote (6761)	5/12/1999 10:40:00 AM
From: Sophie Janne	Read Replies (1) \| Respond to of 11417

Steven Sprague post on Raging Bull. I love this company. By: skswave Reply To: 35335 by Redcat Wednesday, 12 May 1999 at 10:22 AM EDT Post # of 35361 To all, Well we were surprised this morning as well, and I would like to help clarify a few items as the phone has been ringing off the hook this morning. 1. We are in final contract negotiations with PC Free.COM. We see no major issues and this is a normal OEM type relationship for Wave. They are planning to use the Haup TV Turner card and may upgrade to a digital TV card in the future. Wave will share transactional revenue with them as is customary in our OEM agreements. 2. We were not provided a copy of this press release prior to it's release and I think you can tell it is not our style. 3. I can confirm that PC Free has access to significant debt financing to fund initial deployments of units. They have announced some and they have made good progress. 4. They are still an early stage startup company. In general we like their premise of offering a set of services that come along with a computer. Their model is very consumer centric with a good service model and pricing model. The idea of a 39/month computer with no long term contract, should be interesting for many new computer buyers. With access to great content, connectivity services, and support they may have success. When we conclude our agreement we will issue a press release with the appropriate details. We look forward to supporting PC Free. They have hopes and plans to ship millions of units, they have yet to execute on those plans. I hope this addresses any question you have at this time. Steven Sprague President Wave Systems I look forward to seeing you at E3 If anyone is in Chicago, we are also displaying in Atmel's booth at cardtech

To: SDR-SI who wrote (6761)	5/12/1999 10:42:00 AM
From: SDR-SI	Respond to of 11417

STEVEN SPRAGUE'S UPDATE FROM RB ON PC FREE FOLLOWS: ragingbull.com * * * * * * * * By: skswave Reply To: 35335 by Redcat Wednesday, 12 May 1999 at 10:22 AM EDT Post # of 35360 To all, Well we were suprised this morning as well, and I would like to help clarify a few items as the phone has been ringing off the hook this morning. 1. We are in final contract negotiations with PC Free.COM. We see no major issues and this is a normal OEM type relationship for Wave. They are planning to use the Haup TV Turner card and may upgrade to a digital TV card in the future. Wave will share transactional revenue with them as is customary in our OEM agreements. 2. We were not provided a copy of this press release prior to it's release and I think you can tell it is not our style. 3. I can confirm that PC Free has access to significant debt financing to fund initial deployments of units. They have announced some and they have made good progress. 4. They are still an early stage startup company. In general we like their premise of offering a set of services that come along with a computer. Their model is very consumer centric with a good service model and pricing model. The idea of a 39/month computer with no long term contract, should be interesting for many new computer buyers. With access to great content, conectivity services, and support they may have sucess. When we conclude our agreement we will issue a press release with the appropriate details. We look forward to supporting PC Free. They have hopes and plans to ship millions of units, they have yet to execute on those plans. I hope this addresses any question you have at this time. Steven Sprague President Wave Systems I look forward to seeing you at E3 If anyone is in Chicago, we are also displaying in Atmel's booth at cardtech * * * * * * * * * I believe that a reasonable conclusion is that PC-FREE got a bit over-enthusiastic and may have announced a bit prematurely. Thanks to Steven Sprague for responding to our inquiries so quickly and frankly, especially in view of the many things competing for his time right now. Steve