I read this "Client has the public key for Thawte (and many other third party companies) stored in its computer — because these come with the computer. Thus, client can decrypt the validation information, prove the validation is from Thawte and verify that the public key is certified by Thawte. If Client trusts Thawte, then Client can trust that he/she is really communicating with Company. If Client doesn’t trust Thawte, or whatever Third Party company is actually being used, then the identity of who is running the computers to which Client is connecting is suspect.