Wave Systems Corp. (fka WAVXQ)

[aleajactaest]

Note to billings people.

I assume that if billings decline in q2, you will highlight just what a tumble Wave's fortunes have taken. It's the corollary of making a big deal about the increase in billings in Q1.

Of course, for those of us doing revenues, the issue isn't in play. We admit only the period portion of the sale into our analysis. Thus both progress and decline are more gradual. One swallow doesn't make a summer and a single cloud doesn't summon christmas.