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EXHIBIT 23.1
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference, in the Form S-3 registration
statement (Form S-3 No. 333-46330) of Wave Systems Corp. for the registration
of 1,182,678 shares of Wave Systems Corp. common stock, of our report dated
April 5, 2000, with respect to the financial statements of Indigo Networks
LLC for the year ended December 31, 1999 included in the Wave Systems Corp.
Current Report on Form 8-K, Amendment No. 1, dated November 14, 2000 filed
with the Securities and Exchange Commission.
/s/ Ernst & Young LLP
Birmingham, Alabama
November 14, 2000
