Encryption software vendor Wave Systems (WAVX), which was due to report earnings today, says...

|About: Wave Systems Corp. (WAVX)|By:, SA News Editor

Encryption software vendor Wave Systems (WAVX), which was due to report earnings today, says it's postponing its Q4 release after determining "there are certain accounting errors" in the 2009-2011 financial statements of recently-acquired subsidiary Safend. Wave also expects to request a 15-day extension for the filing of its 2011 10-K. Shares are halted.