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


To: SlateColt who wrote (7205)5/31/1999 2:39:00 AM
From: jhnewman  Read Replies (1) | Respond to of 11417
 
Great Countryboy post from RB...

By: Countryboy
Reply To: None
Monday, 31 May 1999 at 1:05 AM
EDT
Post # of 40226

WAVE'S BIG ANNOUNCEMENT..

San Jose, CA, May 10, 1999. Wave Systems To Integrate Sun
Microsystem's Java Card Technology Into Consumer Devices To
Extend EMBASSY E-Commerce Solutions.

I believe this latest announcement could prove to be huge. I put
together some Wave comments from post #27811, This
announcement and some clips from various Java Card articles. I think
this shows Wave could deploy this fast and possibly leverage existing
Java Smartcards! Decide for yourself.

Potentially, the WaveMeter application could run on a smart card. The
interface for the smartcard would be the standard smartcard
interface, nothing special. The smartcard could be a multi application
smart card, depending on the card OS used. Java Card and Multos
have both announced multiplication support.

“Cards are already available, Wave would need to port it's software to
the cards.”

“With Java technology as a cornerstone, new applications and
services can be built, tested and deployed in a rapid and secure
fashion, reducing development costs, adding product differentiation
and enhancing value-add for customers.”

“The fact that Wave and Sun's technology are both standards-based
and interoperable on a number of different platforms will
ACCELERATE industry-wide acceptance of their solution."

“The Java Card API allows applications written for one smart card
platform enabled with Java Card technology to run on any other such
platform.”

“By adding standards-based Java Card capabilities to EMBASSY,
developers using Sun's Java Card Application Programming Interface
(API) will be able to create applications that execute on the embedded
smart card hardware in PC's and other consumer devices, in addition
to standard smart cards.”

Java CardTM technology -- the implementation of Java technology for
smart cards -- makes it possible to create and download new
functions and services to cards after they are already in the hands of
consumers. The Java Card API gives smart cards the ability to
perform multiple functions, including ones not even imagined when the
cards are issued. “Post-Issuance of Applications - The installation of
applications, after the card has been issued, provides card issuers
with the ability to dynamically respond to their customer's changing
needs.”

“The EMBASSY CAN LEVERAGE THE MAJOR FINANCE AND
TECHNOLOGY INDUSTRY INVESTMENTS in secure hardware,
application development skills, and distributed applications.”

"Wave System's open systems strategy for the EMBASSY System
has been to integrate major technologies ALREADY WIDELY
DEPLOYED in order to leverage the current skills, applications and
products across many platforms," states Steven Sprague, President,
Wave Systems Corp. "This approach is an absolute requirement to
achieve mass adoption of the trusted client capability, thereby
enabling Wave Systems and many others to deliver exciting new
services to end users."

The adoption rate of Java Card technology has moved with lightning
speed. The Java Card Application Environment is licensed on an
OEM-basis to smart card manufacturers, representing more than 90
percent of the worldwide smart card manufacturing capacity. Sun has
licensed the scalable Java Card platform to over 30 smart card
manufacturers and developers. Java Card licensees shipped over one
million Java technology-enabled cards last quarter alone. With more
than 95% of the world's smart-card production capacity and virtually
100% of the smart-card processor manufacturers on board with Java
technology, the industry has effectively reached unanimity.

The smart card market is estimated to reach approximately $2.8
billion by 2002. "The unit volumes on these things are staggering,"
says McNealy. "The last time I talked to [smart card manufacturer]
Gemplus, they were shipping one million to one-and-a-half million
cards a day -- including weekends." (note, doesn't say what portion
are Java cards)

“EMBASSY plans to provide a trusted, open-standards environment
on PC hardware for Java Card technology-based smart card
applications and typical smart card data such as bank account
information, personal information, or stored value accounts to use in
cash-like transactions on the Internet. we anticipate multiple
organizations such as banks, large companies, and others having
independent access to the EMBASSY as a multiapplication platform.

“Consumers can expect to see large numbers of Visa smart cards that
use the JavaCard technology by this summer. Visa fully believes that
the Java Card platform is the best available solution today and will be
working with some 10 banks around the world to introduce smart card
programs using Java Card technology and based on the Open
Platform over the coming months.”

"We think Java's the best technology in the marketplace," says Visa's
Beindorff. It's going to allow us to put a lot of different applications on
this card."

"Visa believes that with multi-function chip technology powered by
Java that we are going to be able to do for electronic commerce what
we've done for traditional commerce: Make it ubiquitous, make it safe,
make it easy, and make it accessible to everybody. The best way to
think about it is: For the last 25 years you've carried your Visa card in
your wallet. In the future, your wallet is going to reside on your Visa
card, thanks to Java."

“The Java Card API will also empower a new category of participants
-- "application issuers" -- who will implement transactional services as
applets, and then host these applets, either in their own cards or in the
cards of other issuers with whom they do business.”

“Almost all smart cards are issued for the specific applications today,
i.e., there are very few shared smart cards, more because of
branding and marketing issues than technical issues. If the EMBASSY
were ported to a
smartcard it would most likely be issued by Wave, or perhaps by a PC
OEM or bundled with the reader, etc.”

How about a Wave Direct Card?

“The consumer-electronics industry remains split over competing
encryption schemes for digital interfaces. Zenith Electronics Corp.,
which along with Thomson Consumer Electronics is heading one group
of manufacturers fighting over the digital-encryption interface, favors
the smart-card-based renewable encryption scheme called XCA”
Zenith and Thomson are promoting a smart-card-based renewable
encryption scheme called Extended Conditional Access, or XCA,
which the partners have submitted to a Consumer Electronics
Manufacturers Association (CEMA) panel reviewing copy-protection
schemes.

“Extended access control will control video up to the back of the TV.
Embassy would be the access control system that Talked to the XCA.
We would just emulate the smart card.”

“The US Government's General Services Administration will be
introducing a Java technology-based smart card program very shortly
based on the Open Platform.”

The European Telecommunications Standards Institute (ETSI) is
preparing a new standard, proposed by several major licensees of
Java Card technology, for GSM/PCS cellular phone smart cards.
Other European telecom operators are planning to introduce Java
technology-based smart cards for similar and additional services.
GSM (Global System for Mobile communications) is the most widely
used technology for digital wireless communications. Smart cards are
used in all GSM handsets, potentially making GSM the largest
application using Java Card technology today.

Countryboy.