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Short Take: Wave Systems gets first installment of $3.0 million investment

Wave Systems received $1.6 million of $3 million it will receive from a private investment fund in a stock sale. The company will use the money to fund working capital needs.

Paul Festa Staff Writer, CNET News.com
Paul Festa
covers browser development and Web standards.
Paul Festa
received $1.6 million of $3 million it will receive from a private investment fund in a stock sale. The company will use the money to fund working capital needs.