Wave Systems announced their earnings for Q4 2002 today. According to their press release [see exerpt below] they are looking for strategic partners.
"Steven Sprague, Wave's president and CEO, said, "In order to raise the additional capital required to fund Wave's operations, we have engaged an investment banking firm and are exploring a number of financing alternatives which include debt or equity financing (or a combination of both) or one or more commercial or strategic transactions."
"The personal computing industry is now committed to a historic transition to trusted computing. The most influential players -companies including Microsoft, Intel, Hewlett-Packard, AMD, National Semiconductor, Infineon and others - have publicly committed to a trusted PC environment secured by a hardware chip. Without a doubt, today's inherently insecure PC is morphing to tomorrow's secure and trusted PC which will offer a range of productive services for users. Wave's long commitment to hardware and services-secured trusted computing has made us influential in the evolution of this huge and evolving market opportunity."
