Zacks Investment Research downgraded shares of WAVE SYSTEMS -A (WAVX) from N/A to NEUTRAL on October 03, 2012, with a target price of $1.00.
Wave Systems Corp. is a leading provider of trusted computing solutions. Trusted computers use a combination of hardware and software to reduce or eliminate the possibility of the software installed on a personal computer being corrupted, and to verify that the user on a PC is the designated user of the machine. Wave has made significant progress in releasing new products and in solidifying relations with key OEMs such as Dell, Intel and Seagate that should drive sales. Wave believes that the Company addresses a large market opportunity, and at some point all PCs will be Trusted computers.
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