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Trustco...re "CHICKEN LITTLE" Do you have ANY idea as to who the participants have been when the Perferred shares were offered??? For you to make comments that are borderline irresponsible based on NO knowledge is the heigth of....well...you can fill in the blank.
If you truly believe that the company is on the verge of bankrupcy as you suggested...then why not sell your shares and get out of the way of what you fear??
Sincerely,
Jas
Trustco....Re perferred shares:
1) What do you mean by the common will be gone soon?? Back it with something other than a chicken little impression.
2) How many perferred shares have been made available in relation to the total of common shares? Do you REALLY believe that the number of Perferred shares will dominate the common shareholders???
Sincerely,
Jas
Mike...the answer was given in the last CC....FWIW
Sincerely,
Jas
ootommy...send me your e-mail address via pm. I've got a suggestion for you.
Sincerely,
Jas
OOTOMY....Your questions are very valid and have caused a number of people to pull their hair out ;-( I would be more concerned about the future of TPMs IF the industry started to cut back on their deployments of TPMs. This is infact NOT happening...the OPPOSITE is true. The question to ask is WHY in the face of nobody using this technology have companies continued to INVEST and deploy this technology. A prime example of this is Broadcoms new Universal Security Hub chip. This is the foundation of Dells latest E-series Lattitude laptops....FWIW
Sincerely,
Jas
LA BEACHBOY...The answer to your last question is YES...Wave does use their product...listen to the recent CC...SKS talks about this issue that you just raised....FWIW
Sincerely,
Jas
ispro....I understand what you are saying. The problem I have with some of the posts is that they are imagining every company that comes out with a PR as an immediate threat to our survival. The biggest threat to us is not from competition...but rather the ability to raise funds to get us to the break even point. So far...the company has been able to do mini placements to pay the bills. This is NOT the way I and others would have chosen to rectify this issue. I and others mentioned this point numerous times to management during the last shareholders meeting. We highly suggested that they bite the bullet and do a massive placement at whatever price they could get and get this issue once and for all behind us. Obviously....nobody listened...they heard...but they did not listen. I am pleased that they are finally taking measures to cut back on their expenses. They need to either sell WaveXpress or mothball the division. NO MORE SCIENCE PROJECTS! They have to do everything to protect the core....and I DO SINCERELY BELIEVE THAT THEY NOW UNDERSTAND THIS POINT AND ARE TAKING THE APPROPRIATE STEPS.
For anyone to think for one nano-second that we are being DISPLACED by anyone in regards to DELL/INTEL/ACER/SEAGATE/TOSHIBA....is pure nonsence...IMHO
Sincerely,
Jas
New Wave...re Software encryption....NW...I understand that currently, Software encryption has 99.999999% of the encryption market. The only point I was making is that when it comes to Hardware based encryption....Wave has the inside track when it comes to companies such as Seagate/Toshiba/Intel. In this environment...I'm not too concerned about companies such as Secude....FWIW
Sincerely,
Jas
Doma...re Kronos....Thanks...I knew that at one time Personally, I still think that Secude is not a threat. Secude has been working for years with Seagate....but were they there with Seagate during the recent Dell World tour??? The majority of the tour was with Wave. Does Seagate have a bundiling deal with Secude??? Does Dell have a bundiling deal with Secude? Heck...does Secude have a bundling deal with ANY oem?
Sincerely,
Jas
Doma...I don't necessarily disagree with what you just posted. Let me address a couple of your points.
1) What is it going to take to start activating a percentage of the TPMs that are already in the market place....I look at this in two different ways....Why is INDUSTRY continuong to pump out these TPMs when they know that NOBODY under the sun is using these capabilities?? Why is Intel including TPM functionalities into their new chips?? Why did MSFT include bitblocker into their Vista that needs to fuction WITH a TPM?? Why are the drive manufacturers creating FDEs that take advantage of the existing TPMs on the computers??? These companies are not stupid...they have low margins to work with and would not put out products that they feel are useless. Obviously...the industry believes that at some point...TPMs are actually going to be used.
For the past few years...nearly EVERY article writing about TPMs has included some sort of statement from either SKS or Lark Allen. What has been missing are comments from the likes of MSFT/INTEL/SEAGATE/HITACHI/etc...the BIG BOYS have been mising in action. When the PR campaign finally starts...it will create interest in taking advantage of the capabilities offered by their existing TPMs. Therefore...I believe that we will not be waiting for years for TPM activations to increase tremendously....more like months IMHO.
Regarding your Kronos example...it will be interesting to see how many of the FDEs being sold by Dell are opting for the Kronos/Secude solution. Do you truly believe that Dell would still be paying Wave a royalty fee for every FDE sold if they felt that the majority of enterprises out there would opt for a different solution? I'm sure that there are some companies that would find such a solution (Kronos/ßecude) appealing...but I don't believe that it represents a large portion of the new FDE sales. Remember that Wave had entered into an aggrement with Safeboot to address such concerns.
Sincerely,
Jas
Doma...re " Please don't tell me that Danbury will change all this." Just out of curiosity....why do you discount the potential significance of Dansbury? When the Acer news was initially announced....I spoke with managment about how we were able to secure the #3 OEM especially consideing that they were a loyal Infineon client for the last few years? What I was told was that this was an Intel driven deal...another words....Acer was getting ready for the new chips with iTPMs. I still don't understand WHY ACER switched given that Infineon software is also capable of working with iTPMs....however....are they capable of working with DANBURY in the manner that Wave's product can???? Maybe that WAS the reason why ACER decided to kick out its long time partner in favor of Wave......Maybe we should keep an eye on ACER's new product lines that will have Intel's new chips with iTPMs/Danbury capabilities and see if Infineon software is on those new models...or is it ONLY Wave.
Sincerely,
Jas
Awk...re selling the company....Here is something that is peculiar with Wave and her shareholders. There is NO doubt that the main reason why Wave Systems is still here is in large part due to the support of the shareholders. Vader has suggested a sale price of ~3 dollars/share. On the surface...that is one heck of a premium given that our current share price is around 40 cents. Having said that....there aren't many of us who would even consider selling out at such a price. In the meantime...we continue to accumulate because of the deep belief that the true intrinsic value is far NORTH of the current share price. SKS asked at what price would you consider selling.....Let me turn that question around...at what MARKET CAP should Wave Systems be sold for given it's market opportunities that lay in front of her?
Sincerely,
Jas
Wildman....Nice!! The push for Hardware encryption is in full gear
Lets recap:
Seagate....Has multiple FDE products out in the market place
Hitachi....Announced today their FDE product.
Fujitsu....Announced today their FDE product
Toshiba???? We know that Wave demonstrated with them at a recent show involving their FDE product.
Western Digital?????
Samsung?????
Sincerely,
Jas
trustco....exactly which of my points were you replying to???Before you go running around and yelling fire...shouldn't you at least demonstrate a fundemental knowledge base about Wave's products?
Sincerely,
Jas
Trustco...What on earth are you talking about?? The EXPANTION of the FDE models from Seagate to their OEMs will ONLY increase the number of Seagate encrypted drives that are sold. Have you forgotten that Wave receives a royalty check directly from Dell on a PER FDE DRIVE SOLD??? Regarding MacAfee....do you understand how the FDE drive works???? Where in MacAfees product description does it say anything about TPMs????? Does it say ANYTHING about supporting all the offerings from the other FDE manufacturers??? Does it say ANYTHING about supporting Intel's Dansbury???? The benefit of Wave's solution is that it works with ALL of the above with the SAME software product....Do you think Wave's product offering is the same as MacAfee's????
Sincerely,
Jas
Boombraker....I've been telling my friends that the shares are being redistributed to shareholders who have not attention of dumping these shares in the foreseable future. Yes...we have seen some of the long term holders give up and sell their shares...but they are being absorbed by those of us who have been keeping our collective eyes on the big boys. At some point...perceived bad news will no longer cause a sell off at which point....any positive news will unleash the coiled up spring that currently is in the process of forming....IMHO
Sincerely,
Jas
TELSTAR....good to see you again..we will get to the finish line soon...IMHO.
Sincerely,
Jas
Donald Duck....fair enough. Then what do we have to look at? For a number of years now...I've been looking at what the big boys are doing.
1) Dell has not only decided to renew our contract with them...but they have actually increased our royalty fees.
2) Acer has decided to kick out their long term vendor Infineon in favor of Wave for their Desktop models. This is a rather significant event. From what I understand...this move was percipitated by the new Intel itpms that are now entering the market space.
3) Seagate....they only sold ~6-7000 FDEs through Dell last quarter. Does anyone truly believe that a company like Seagate would have spent the years and the monetary investment developing FDEs just to sell less than 10,000 drives per quarter? Given the lack luster sales...WHY on earth would the other Drive manufacturers even bother coming out with their version of FDEs? The reason I'm harping on this is the simple fact that I truly believe that once the FDE sales start to ramp up...we will see an upward explosion of revenue. Don't forget that Wave still gets paid in the dollars amount for every computer dell sells that is equipped with an FDE....not to mention the possibility of an extra charge for their tools to manage the drives. Seagate just today announced a rather significant expansion of their FDE lineup of products.....what does that tell you about the seriousness of Seagate to make this product a success?
4) Intel....They have recently released their latest chips with tpm functionalities....the question to ask is WHY??? We have well over 250,000,000 TPMs in the market place with less than 30,000 being activated. WHY on earth would Intel have waisted its time and resources to include TPM functions into their new chip sets?? Maybe they are expecting that at some point in time....enterprise customers may find these functions worth having. What would that mean if 2-5 % of the outstanding TPMs were eventually being managed in regards to Waves bottom line??
5) The deffered revenue continues to grow
My suggestion is that you throw everthing that SKS has said...and simply look at what the big boys are doing. What ever else you want to say about management...they have positioned the company to take advantage of a market that is getting ready to explode...IMHO
Sincerely,
Jas
Donald Duck...
I understand your frustration....but lets look at a few points:
1) Break even....Close in Q4 and definately by Q1/09. According to SKS....Our royalty revenue stream should DOUBLE in Q4 vs Q3. That would put our BASE revenue at ~3-3.5 million dollars. The doubling is occuring due to the increased royalty payments from Dell. Last quarter....Seagate sold an awsome 6-7000 FDE drives. Today, Seagate announced the availability of additional FDEs that are available to their OEMs. This should result in an increase in the total number of FDEs sold in Q4/Q1. At some point...Hitachi/Toshiba and the others will join the party and have additional FDEs sold into the market that will need to be managed. The question to keep asking is the following...DO WE TRULY BELIEVE THAT SEAGATE IS HAPPY WITH SELLING 6-7000 FDEs PER QUARTER??? Q4....According to SKS...the month of October was the BEST month in our existance...INFACT....IT WAS NEARLY THE TOTAL AMOUNT OF UPGRADES SEEN IN Q3.
2) Cutting costs....SKS mentioned that there should be anywhere between 1-1.5 million dollars in cost reductions during Q4 and more in Q1/09
3) TPM activations..this is what really needs to be happen for Wave to get into the black. Intel's new vpro technology will have tpm functionalities embedded in their new chip sets. This SHOULD drive TPM activations as there is additional hype about the TPM value enters the media.
4) Upgrades....The number of customers increasing with increasing order size. He mentioned a new company that we have not heard before..ARCHER DANIELS MIDLAND.
5) WaveXpress....THIS NEEDS TO BE SOLD OR SHUT DOWN!!! If it is sold.....it will go a long way to resolve the financial instability of Wave.
6) Share price....for those who want to sell ...well that's their business....but be assured that there are also those of us who will continue to accumulate.
7) SKS stock ownership....SKS said that over the past 9 months or so...he has BOUGHT 20-25 thousand dollars worth of stock through the Employee Stock Purchase Plan.
Sincerely,
Jas
re trading...it appears to me that someone is being forced to liquidate their holdings. The manner in which they are doing it is destroying the Bid....but that provides people with one heck of a buying opportunity...if they believe that Wave will continue to demonstrate Q over Q revenue increases...IMHO
Sincerely,
Jas
Trustco....re something is not right with Wave's product offering.....That's your right to believe anything you want to. I simply believe you are wrong. The plain truth is that NOBODY has generated MORE revenue from selling TPM related software besides Wave...and please don't tell me that MSFT has since Vista uses TPMs. The fact is that the TPM market has not engaged because of multiple reasons. With Intel's recent itpms and their upcoming Dansbury/ATT....the TPM activation landscape is about to change dramatically...imho
Sincerely,
Jas
Trustco....re BE...Before a Wave can become profitable...they first need to reach the BE milestone. The royalty revenues will nearly get us to BE...but for us to get real increase in share price...they MUST start to have upgrades on an ever incresing numbers. Think about this fact...there are OVER 200,000,000 TPMs out in the market place. Out of this staggering number....only ~20-40K have been upgraded. What we need is for "something" to convince the IT departments that they need to take control of the TPMs that are ALREADY in their companies computers. I think that there are potentially two sources for this new push...Intel's decision to include tpm functionalities into their newest chips and the possibility of the feds to start taking control of their TPMs. If ONLY 1 % of the existing TPMs become activated....that translates rather significantly to Wave's bottom line
Sincerely,
Jas
Blue Fin....I'm confused as to why you believe that at this moment in time. Granted the SP is at or close to its all time low (pick almost any stock irregardless of their fundementals and they are trading close to their multiyear lows)....the fundementals of the company have never been better. Business has never been better...revenues have never been better...the number of Wave Software has never been larger...the number of upgrades has never been larger...The number of significant OEMs paying royalty revenues has never been larger.... INTEL is about to make the term TPM standard amongst the corporate IT types in the not too distant future with iTPMs/Dansburry/ATT....and we have never been as close to break even status as we are today. Therefore...given all of the above....I'm somewhat confused as to why you think we've been had?
Sincerely,
Jas
TKC...re Q3 revenue numbers....Although I would love to be shocked if the numbers came anywhere near your projections....I believe the numbers will come in far below your figures....somewhere in the neighborhood of 2.5-3 million. Q4...I think the numbers will be between 4-5 million. IMHO.
Q4 is where things could begin to get very interesting and SKS has an opportunity next week (I assume that's when the CC will be) to elaborate on the upgrade cycle. When looking at the numbers...one needs to break them out to Royalty revenue...and upgrade revenues.
Royalty revenues will include DELL/ACER/Intel etc... I think we should be between 2.5-3.5 million from Dell.....~300-400k from Acer Intel???? Although there was a clue in todays PR when they included the line about the OEM version of ETS would be bundeled. To my knowledge...the lowest fees to Wave for OEM versions of ETS has been ~.25/unit
Upgrade revenues...This is the true wildcard in the equation. Starting from Q2...we should see a doubling of upgrades from Q to Q. Therefore....if Q3 upgrades come in to my projected level of ~600,000....then we should see somewhere around 1.2-1.5 million in Q4 when it comes to upgrades. Obviuosly...this does not preclude the possibility of something coming out of left field...ie... the feds finally waking up.
Sincerely,
Jas
goepling...that's interesting to say the least.
Sincerely,
Jas
Snackman...re NASDAQ...The acute problem Wave is dealing with has to do with Minimum market cap...not minimum share price.
Sincerely,
Jas
SL..re Intel/Wave....Interesting material But wait a minute....wasn't there a poster that said he was a former Intel employee who said that Intel would never take these TPMs seriously......and that Wave would never be used by Intel except for some experimental boards........now I wonder who I should believe.....Greg....or Intel's literature.....hummmm?????
Sincerely,
Jas
Tinypinetree...re equity buy in to WXP....The benefits of that move would be to potentially reducing our expenses by ~1 million/quarter IF the partner takes over the day to day running of the company. Any money generated from such an equity sale may not be able to be used by Wave Systems for their needs. Forexample....lets say that company xyz decides to buy in for a 49% stake and decides to take control of the day to day running....part of that stipulation of such a deal could be that the 49% buyin would ONLY be used to fund the new joint venture. Under such a deal...Wave Systems maynot have access to that capital infusion.
Wave needs to sell off one of their assets....their PRIORITY must be to protect their core business....IMHO
Sincerely,
Jas
OKNPV...Re Sign on Line. Given the choice of keeping Sign on Line or WaveXPress...I would choose KEEPING Sign on Line and SELLING WaveXpress exactly for the reason you stated. If we can extend the runway far enough to get to break even by selling ONLY WaveXpress...then great....if this sale doesn't buy us enough runway...then Sign on Line whould be on the block...IMHO.
Sincerely,
Jas
Barge...re WaveXpress...The logic in selling WaveXpress is simple....to save the parent company. If you haven't noticed...the credit market has frozen instantly. The LIBOR over nite rate was sitting OVER 5% a few days ago. What SKS said a quarter or two ago is irrelevent at this moment in time. Personally...I could care less if he were to sell sign on line or WaveXpress...or even both of them. I would love them to do one large PP AND sell off WaveXpress and SIMPLY concentrate all of their efforts on their CORE business. I told SKS during the last SHM to simply do one large PP and get it behind them. Until the market feels as though we have enough resources to get to the break even point....this stock is going NOWHERE....period!
The company is FINALLY beginning to engage the market with her products. If anyone needs an example....just take a look at ACER. We now have the third largest PC oem in the world. However...the more important point is that we have displaced INFINEON.....If that doesn't speak volumes as to the direction the Trusted Computing revolution is taking...NOTHING will pierce that deafness. The only thing holding back potential stock appreciation is this uncertainty of future financing......THAT IS WHY THEY NEED TO SELL WAVEXPRESS/& or Sign on Line/ or do another SIGNIFICANT PP ASAP.
Sincerely,
Jas
Barge...re future of WaveXpress....The fact is that Wave's share price has been depressed over the past few months mainly due to uncertainties about their future financing options until they reach break even status. No matter how "cool" WaveXpress maybe at this moment in time or how GREAT the potential for WaveXpress maybe...the ONLY thing that counts at this moment in time is the future of the parent company...Wave Systems. Given the current credit crisis...it makes absolute sense to dispose of WaveXpress ASAP. This would accomplish two things....it will instantly reduce our expenses by nearly one million dollars/quarter....and secondly...it would INSTANTLY remove any concerns about us having enough runway to get to profitability. Once that doubt has been taken off the table...the stock will begin to trade on the fundementals of the company....imho
Sincerely,
Jas
Speeder...Wave is working with EVERY hard drive manufacturer...according to the company. We received notification that Wave was working with Toshiba recently on their new FDE products. Therefore...it would not surprise me to see Wave attached in some manner to Fujitsu's fde when they unveil their plans...imho
Side note...it is GREAT to see other drive makers entering into the encryption market. I believe this is one of the things that will cause the govt. to transition from the current standard being software based to that of hardware based encryption.
Sincerely,
Jas
HNSTABE...re Q4 numbers...interesting...I would be very surprised if Dell continues to sell that many D series during Q4...FWIW
CONGRATS ON YOUR RECENT PURCHASE!
Sincerely,
Jas
Cosmo...re share price....Your guess is as good as mine. I've been wrong regarding what I thought was a fair value for these shares for a very long time. However...I have always believed that ONCE the pieces were in place...or as SKS put it...planted enough flags in the security landscape....that the fundementals would take hold and the share price would then follow. I believe that we are witnessing the puzzle being completed in front of our eyes:
1) Dell...#2 PC OEM...paying Wave roughly 3-3.5 million dollars per quarter(starting in Q4/08) irregardless of Wave doing ANYTHING.
2) Acer...## PC OEM...Paying Wave royalty fees. We don't have any official indications as to the exact fees..however...considering we are receiving ~.46/unit from Dell...that it can't be significantly lower for the same type of product. If Acer has agreed to go with the former version of Wave's software...then it will be closer to .25-.30 cents/unit. If they have opted for the current version...then it will be closer to the .50/unit.
3) Intel...they just released their new chips with TPM functionalities embedded in them. Dansburry/ATT should make their debut sometime in Q1/09 These facts SHOULD create the environment where we will see greater TPM activations.
4) FDE hard drives...Seagate is already on their SECOND generation of FDEs. A number of companies were waiting for the 7200s to roll out...and Dell has started shipping their new Eseries with the option of a 7200 FDE drive. Obviously the first generation was a dud. One has to ask WHY Seagate has decided to pour MORE money down this product given that the first generation was a complete failure...from the sales point of view. It would not surprise me to see the other drive manufacturers come out in the next quarter or two with their own versions of FDEs.
5) Feds....at some point the FEDS will start to take control of ALL the TPMs that they have MANDATED. CM posted a presentation back in late August in which the US ARMY had a slide with the title of TPM MANAGEMENT. It WILL happen...when it does...who the heck knows anymore.
6) Enterprise upgrades...this is where the REAL money will come from..(besides the Feds) From what SKS has said in prior CCs..the pipeline is growing with companies ordering larger and larger number of upgrades each month.
So...to get back to your original question....lets see what the market values a company with the following characteristics....
1) Little debt
2) Royalty contracts with the most important players in the Trusted Revolution landscape which will NEARLY cover their quarterly expenses.
3) EARNING MONEY....hummm....did you ever think you would see the day when we would be seeing the term PE being used to describe Wave Systems??? lol I believe we will be very close to break even in Q4 and in the BLACK for Q1/09
4) Growth rate...for a fund manager..or any potential investor...IF Wave can reach BE status based on Royalty fees and the modest amount of upgrades it currently enjoys...then you have to marvel at the POTENTIAL revenue growth rate when you stop and consider the following fact.....LESS THAN 30,000 TPMs have been activated in a universe of over 250,000,000.
The above is ONLY relevent IF Wave can maintain its access to funding to get them to the end of Q4...my guess is somewhere in the neighborhood of 2 million dollars. A quick sale of WaveXpress or Sign on line would put them passed this point with NO FURTHER DILUTION TO THE EXISTING SHAREHOLDERS.
Sincerely,
Jas
Cosmo...re share price...You're 100 % right about why we are invested in this company. Having said that...for the stock to appreciate in the manner we would all like to happen...the fundementals of the company need to catch up to all of the "potential". I believe a valid argument can be made at THIS moment in time that we have NOW arrived. The share price will take care of itself as long as the company executes. The market dynamics have finally arrived so that a significant market exists for Wave's products...IMHO
Sincerely,
Jas
Alritethen...re Being right on Trusted Computing...So...lets me see....you acknowledged that I said Trusted Computing...and then you go and say that the "bashers" have been right and are truthtellers.....do I have this correct??
So lets see...HOW many times did we hear from the peanut gallery that NOBODY will pay Wave anything for its products? Maybe the "Truthtellers" should be reminded that from Q4/08...Our royalty fees will be NORTH of 3-3.5 million dollars/quarter.
How many times did we hear that MSFT was going to come out with their own products that will make Wave go out of business?
How many times did we hear that Intel was not going to use TPMs throughout its new products?.....Maybe the truthtellers should be reminded of iTPMs/Dansburry/ATT
How many times did we hear that Infineon would have us for lunch?...Maybe "truthtellers" should be reminded of Acer
What EXACTLY have the "Truthtellers" been right on so far as it pertains to where the sector is headed???
Sincerely,
Jas
Robert 1...re Wave.....Let me make something very clear....I'm convinced that Wave WILL be close to breakeven or slightly in the black for Q4/08. They need roughly 2 million dollars to get them past the point of BE...IMHO. All they need to do is sell WaveXpress for ~5 million and the stock goes ballistic. YES...I SAID BALLISTIC!
Imagine a company that is INCREASING the number of upgrades on a quarterly basis and receiving more than 3.5 million dollars in royalty fees. They will have enough cash on hand to get them past BE with minimal further dilution. In addition to the above, Intel is releasing Dansburry/ATT during Q1/09.
You can either listen to the naysayers on the other board....or you can listen to those on this thread that have been RIGHT ON TARGET regarding where this TRUSTED REVOLUTION was headed. The bashers ONLY hope is that Wave is unsuccessful at raising the LAST 2 million dollars they need. Once you take that off the table....they will dissappear from history.
Sincerely,
Jas
Wavedoctor...re Chapter 11...IF management ever attempted to file chapter 11 WITHOUT first dumping WaveXpress and Sign on line....the NUMBER of lawsuits against management will make your head spin....IMHO The fact is simple....it's been the Wavoids who have kept this company alive for the past 10 years. If anyone attempted to "steal" this company from her shareholders...the anger generated by that action would be somewhat breathtaking.
Sincerely,
Jas
Orda....re Share price.....For the FIRST time in its history...Wave can now be considered a VALUE play...IMHO. Lets take a look at the following points:
1) DELL.. Dell ships nearly 6-7 million pcs / quarter. As the e-series transitions over the prior D series...Wave will generate anywhere from 3-3.5 million dollars/quarter from the ~.50 cent/unit. On a yearly basis...this would translate to ~ 12 million-14 million dollars/year.
2) Seagate FDE hardrives....Seagate has NOW released their second generation of FDEs. As AWK pointed out recently...not only are the 5400s available...but now the 7200s are NOW in stock. Why is this important? Simple...Wave receives nearly 7-7.50 PER FDE drive sold by Dell. The larger the FDE sales...the more Wave receives from Dell. Obviously, this would be in ADDITION to the revenues outlined in section 1.
3) Acer....Wave has managed to displace Infineon out of their stranglehold they enjoyed in Acer. Wave has now added the worlds third largest PC oem to their fold
The royaltiy stream will start off similar to how Dell's started....but will aslo increase as Acer rolls out the ETS on other systems.
4) Enterprise upgrades...This is where Wave will truly make it;s money. In the upcoming CC..we need to track how these upgrades are progressing. We need to see doccumentation that we are seeing ever larger order sizes and larger NUMBER of enterprises ordering upgrades.
5) Government agencies. This is truly the WILDCARD. Unlike the private sector...the feds are printing money like there is no tomorrow. We need to hear that Wave is succeding in winning over more orders from the feds. I am not saying that we are winning SUBSTANTIAL orders from the feds ...YET.....but I think we are starting to chip into the DOD.
If one looks at ALL of the REVENUE streams NOW being mined by Wave...the current market cap is a screaming BUY!!! What is holding us back at this time is the uncertainty of how Wave will manage to get the 2-3 million dollars that the company needs to get them through the breake even period. IF...and I understand that it is a BIG IF....but if they were able to dump WaveXpress for 3-5 million dollars....they would then have all the money they need to get them through the breakeven period with minimal further dillution.
Sincerely,
Jas
MIB...Re Dell...I was talking about Q4 (the current quarter)....not the last quarter. For Q3...I'm not expecting not more than 2 million from royalty fees.
Sincerely,
Jas