ORLANDO, Fla., Dec. 29, 2006 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, announced today that it has issued a research update on Wave Systems Corporation (Nasdaq:WAVX).
Lisa Springer, MBA, CFA, RedChip Research Analyst, wrote in the report:
"We think September quarter results indicate that Wave continues to make good progress in the rollout of its Trusted Computing products. The coming launch of Microsoft's Vista operating system, which requires the Trusted Computing Module as part of the logo compliance for business PCs, will greatly increase the momentum of Trusted Computing as the industry standard. Because of the above-mentioned market adoption and liquidity questions, however, we continue to rate Wave shares a "Highly Speculative Buy", suitable for investors with a high risk tolerance. Our $5.40 price target is based on a 6X Price/Sales multiple of estimated FY 2007 revenues."
To receive a complimentary copy of the RedChip Research Report for WAVX, please visit: http://www.redchip.com/visibility/about.asp?page=requestWAVX_Q3_2006.
About RedChip Visibility(tm)
RedChip Research, a division of RedChip Companies Inc., writes fundamental research on small-cap companies. RedChip's success has been documented in Forbes, Barron's and the Wall Street Journal. RedChip Visibility(tm) provides small-cap companies access to both professional and individual small-cap investors by holding conferences throughout the United States, producing online corporate visibility programs, and writing company sponsored research.
The RedChip Companies Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2761
RedChip Visibility Research Disclosure
The analysts contributing to this report do not hold any shares of WAVX. Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analysts writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. RedChip Companies, Inc. ("RedChip") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change. RedChip Companies Inc. is an affiliate of the Aurelius Consulting Group, Inc. Wave Systems, Corp. is a client of the Aurelius Consulting Group, Inc. and of RedChip Visibility, a division of RedChip Companies. WAVX paid RedChip Visibility $36,000 for this report.