Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
xxxx if it is PWC. This is bigger than anything we could have imagined.
The long term looks unbelievable.
New Wave, I agree. That is why I said a couple of post back: "why are they turning on 60,000 TPMs right now?"
This could be the pilots of all pilots.
Either way, this is a huge event, combined with Wave's software on Lenovo machines.
When a person opens up a new computer, they want everything there. They do not want to have to go to a third party and buy software to operate a hardware component on the computer they just bought.
Could this be the beginning of a bundling agreement with Lenovo?
Their customer is using Wave's software to work with their hardware. The company turning on 60,000 seats is a global accounting AND CONSULTING FIRM.
Don't you think that if this firm is spending a half million dollars to turn on their TPMs, that the will suggest Wave's software in the CONSULTING area of their business?
This whole thing is huge. The auto company was the tip of the iceberg. This GLOBAL accounting & consulting firm is just under the tip. There is more underneath that we can't see yet.
This is huge.
I want to talk about this Global Accounting & Consulting Firm some more.
I don't think everyone sees the full impact of this.
The first thing SKS talked about on the CC today was the 60,000 seats that were going to use Wave's software to implement the TMPs.
He did not elaborate until I questioned him on the news.
Lenova's TPMs are proprietary, and their software only works their own TMPs. Wave's software is interoperable, and works with ALL TMPs.
I asked him if he thought that these 60,000 seats would eventually upgrade ($50-$60)at some point in time. He is hopeful that that will happen. I also asked him if this Global Firm had more than 60,000 seats and he confirmed that they do.
I believe this is a test case for major companies and govt. entities. Why would a major global player all of a sudden turn on 60,000 TPMs? I think they are a pilot for major major players around the world. If I am correct, millions of TPMs will be turned on over the next 12-18 months.
SKS once said that if all the TMPs were turned on at the same time, there would be mega dollars of revenues involved. I believe this major global player is the pawn that is going to do just that.
You see crap and I see a major global accounting and consulting firm turning on 60,000 TPMs in Lanovo PCs using WAVE SOFTWARE.
I see a global automotive company paying Wave 5.7 million dollars to upgrade their computers.
I see HP becoming very important to Wave.
I see Govt. deals down the road.
But mostly I see, a great opportunity for the area Wave is servicing.
weets, I agree. Many talk about break even. I can only recall him talking about cash positive, not break even.
As another poster stated a short time ago: If they had not invested in work for HP, they might have been at break even. But, wouldn't you rather they make HP as important to Wave as Dell is?
It take money to make money.
Break even is nice, but more important to me is seeing Wave's EBITDAS Loss Declined to $118,000 from $1 million in Q1 2009.
He ended the call by saying he is looking for a strong Q2.
He also said March was a very good month and April was a very good month. If May and June are good too, Q2 should be very strong.
The sky is falling, the sky is falling. Sell first thing in the morning.
Apparently I must of been listening to a different CC call.
I don't know if everyone heard what SKS said regarding the Global Accounting & Consulting Firm: that this Firm is using Lenovo PCs and they bought the Wave Software to run the TPMs. I think this is a pretty striking development.
Also, he was very positive on the HP relationship.
60,000 TPM are being activated as we speak.
If SKS does not mention it on the CC, I will ask him about it.
I like all of your choices. It is one of them I believe.
Hopefully a public announcement will be forth coming.
Wave has a presentation to make in two days. Is something coming today or tomorrow?
Wave's balance sheet improved during Q1 2010 principally due to the receipt of $1.9 million from a fourth quarter license sale to a major US automaker, as well as from proceeds totaling $3.8 million from warrant and stock option exercises. As of March 31, 2010 Wave's cash and cash equivalents rose to $5.1 million, from $1.9 million on December 31, 2009. Wave's total current assets rose to $9.1 million and its total current liabilities -- including $3.3 million of deferred revenue -- declined to $7.5 million.
Steven Sprague, President and CEO of Wave Systems, commented, "Wave continued to make solid financial and operational progress in Q1 2010. We also ended the quarter with significant improvements in our cash and working capital position.
Wave Q1 Revenues Rose 45% to $5.9 Million on Continued Growth in Software License Activity
Wave's EBITDAS Loss Declined to $118,000 From $1 Million in Q1 2009 Press Release Source: Wave Systems Corp. On Monday May 10, 2010, 4:05 pm
LEE, MA--(Marketwire - 05/10/10) - Wave Systems Corp. (NASDAQ:WAVX - News) (www.wave.com) today reported improved opera
Wave Q1 Revenues Rose 45% to $5.9 Million on Continued Growth in Software License Activity
Principally reflecting growth in royalties from enterprise software license sales (previously referred to as "upgrade sales"), as well as from increased shipments of Wave's software bundled with self-encrypting drives (SEDs), Wave's Q1 2010 net revenues from software licensing rose 53% to $5.7 million from $3.7 million in Q1 2009. Higher net revenue from software licensing more than offset a year-over-year decline in services revenues related to the timing of work on government-based service contracts and drove a 45% increase in total net revenues to $5.9 million versus $4.0 million in the year-ago period and a 13% increase over Q4 2009 net revenues of $5.2 million. Total billings for Q1 2010 increased 41% to $5.6 million compared to Q1 2009 total billings of $4.0 million. Total billings for Q1 2010 decreased 21% from Q4 2009 total billings $7.1 million, due primarily to $1.9 million in orders for a major U.S. automaker in Q4 2009. Net revenue is reconciled to billings below.
Despite year-over-year and sequential increases in SG&A and R&D expense to support Wave's growing customer base and OEM relationships, Wave reported a reduced net loss of $764,000, or $0.01 per basic and diluted share, compared to a Q1 2009 net loss of $1.5 million, or $0.02 per basic and diluted share. Wave's Q4 2009 net loss was $1.0 million, or $0.01 per basic and diluted share. Per-share figures are based on a weighted average number of basic shares outstanding in the first quarters of 2010 and 2009 of 77.2 million and 61.9 million, respectively, and on 73.9 million basic shares outstanding at December 31, 2009.
Wave's negative EBITDAS improved to $118,000 in Q1 2010 compared to negative EBITDAS of $1,033,000 in Q1 2009 and negative EBITDAS of $513,000 in Q4 2009. EBITDAS is a non-GAAP measure defined as earnings before interest income (expense), income taxes, depreciation and amortization and stock-based compensation expense. Net income is reconciled to EBITDAS below.
Wave's balance sheet improved during Q1 2010 principally due to the receipt of $1.9 million from a fourth quarter license sale to a major US automaker, as well as from proceeds totaling $3.8 million from warrant and stock option exercises. As of March 31, 2010 Wave's cash and cash equivalents rose to $5.1 million, from $1.9 million on December 31, 2009. Wave's total current assets rose to $9.1 million and its total current liabilities -- including $3.3 million of deferred revenue -- declined to $7.5 million.
Steven Sprague, President and CEO of Wave Systems, commented, "Wave continued to make solid financial and operational progress in Q1 2010. We also ended the quarter with significant improvements in our cash and working capital position.
"Enterprise software license sales to first-time and repeat customers rose on a sequential and year-over-year basis as did revenues from software bundled with OEM shipments of SEDs and PCs enabled with Trusted Platform Modules. We believe that our sales and marketing efforts in generating broader customer awareness for our solutions, as well as initial activity under our new distribution partnership with HP, contributed to these increases. We also believe that publicity from a number of high-profile security breaches, as well as from recently implemented regulations that can impose severe financial penalties for unencrypted lost data, continues to generate awareness of, and interest in, hardware-based PC security solutions.
"Healthcare and financial services are verticals where we are seeing strong interest and increased demand given those industries' needs to secure business, customer, financial, and patient data. We are also pleased with the progress our eSign division is achieving for its digital signing and storage solutions within the mortgage and insurance industries; eSign is now live with three large-scale customers using their MERS-integrated SmartSafe document storage solution."
Summary of Recent Progress/Developments:
-- In a separate announcement today, Wave announced that it had strengthened its IP position with the acquisition of two storage security patents that describe elements of the core technology underlying SEDs.
-- In April, Dell began shipping the second-generation of its E-Series Latitude Laptop family with Wave Software for enhanced security. These updated laptops include Wave's EMBASSY® software for multi-factor authentication, single sign-on and password management.
-- In March, Wave secured a large order from a global accounting and consultancy firm. The organization is implementing Wave's software to turn on and use Trusted Platform Modules to secure access to their VPN and wireless networks.
-- Case studies for Mazda North America and Vega Deutschland were published, demonstrating the successful deployments of self-encrypting hard drives and Wave's management software for protecting confidential data on employee laptops.
-- In March, the U.S. Army NETCOM granted its Certificate of Networthiness for Wave's EMBASSY Trust Suite to manage Trusted Platform Modules on PCs within the Army LandWarNet NetOPs Architecture (LNA).
-- In April, Wave's eSign division demonstrated the integration of their SmartSafe software with the Mortgage Electronic Registry System (MERS®) at the MBA Technology in Banking Conference & Expo in April. MERS is the industry-endorsed system for electronically tracking mortgage ownership and servicing rights. By integrating with MERS, eSign is helping its customers implement and provide secondary market liquidity for paperless mortgages. In March, eSign and HELM Analytics announced a new SmartReporting Module, which expands the reporting capabilities of SmartSAFE. Customers can now access dashboards, standardized and ad hoc reporting functions, as well as access and manage signing statistics, error logging and document vaulting.
-- Insurance Administrative Solutions (IAS) implemented eSign's electronic signature solution to its online insurance and delivery platform, as announced in March. IAS provides Medicare supplement insurance.
About Wave Systems Corp.
Wave is a pioneer in hardware-based PC security that provides software to help solve critical enterprise PC security challenges such as data protection, strong authentication, network access control and the management of these enterprise functions. Wave is a founding member of the Trusted Computing Group (TCG), a consortium of more than 100 companies that forged open standards for hardware security. Wave's EMBASSY® line of client- and server-side software leverages and manages the security functions of the TCG's industry standard hardware security chip, the Trusted Platform Module (TPM) as well as hard drives that comply with TCG's "Opal" self-encrypting drive (SED) standard. Self-encrypting drives are a growing segment of the data protection market, offering increased security and better performance than most existing software-based encryption solutions. TPMs are standard equipment on many enterprise-class PCs shipping today and have shipped on an estimated 300 million PCs worldwide. Using TPMs and/or SEDs and Wave software, enterprises can substantially and cost-effectively strengthen their current security solutions. Visit http://www.wave.com for more information.
With the four QQQQs trading up about $2.00, there should be a very positive opening for the markets in about ten minutes.
Not being a techie, it looks to me like a very big validation of the TPM and the Trusted Computing Group.
Nothing is stopping YOU from speaking up. Why depend on someone else to ask questions?
I don't think that quote was coming from 24601. I believe he was quoting someone with the name of "BLUE" in it, but I could be wrong.
We will know Tuesday morning. eom
Wave to Host Q1 Webcast/Conference Call on Monday, May 10 at 4:30 p.m. EDT
Lee, MA — May 3, 2010 — Wave Systems Corp. (NASDAQ: WAVX -- www.wave.com), a leading provider of management software for hardware-based security, announced today that on Monday, May 10th at 4:30 p.m. EDT it will host a webcast/conference call reviewing its Q1 financial results, as well as recent corporate and industry progress. Wave’s results will be issued after the market’s close that day.
WEBCAST/REPLAY: available at http://www.wave.com/news/webcasts and archived for 30 days. ( Windows Media Player required.)
TELEPHONE: via (212) 231-2905 or (415) 226-5361. Please call five minutes in advance.
Weby, I also stopped the downward movement about 15 minutes ago. I put in 2000 at $3.30 and only got filled 500 shares. Went up from there. I hope I don't fill the other 1500 shares.
Stopped it at $3.30. LOL
Weby, yes, yesterday we went down with the market. But, if you look back, over the past 10 years, we rarely moved with the market, hardly ever.
Sure looks like it's independent of the market today. eom
I can't imagine Wave at this conference if Monday's results of Q1 are not very good.
Wave to Present at MDB Capital's Bright Lights and TechAmerica's Growth Cap Financial Conferences in San Francisco on May 12 & 13
June 21st. eom
I haven't read the board yet over the past six hours but nothing has changed.
If Monday comes out to what we believe it will, we will go right back up.
VC, very nice summary. Sounds about right to me. eom
Look at the volume all week. That's exactly what the MMs want you to do. Feel uneasy, get cold feet, and sell.
Wave has so many things on the burner right now: HP, Govt, upgrades that are happening and E-sign.
The weak sisters are selling now, us longs are holding and buying on dips.
Remember when it dipped from $1.00 to $.29? Many of us loaded up down there.
I view this week's move as a great buying opportunity. Time will tell.
THEY WANT YOURS SHARES, because when we get one of the major announcements we are waiting for, and the stock goes over $5.00, you are going to see major institutions come in that can not come in until we hit $5.00.
Watch the volume. It is key.
Notice how we went down to $3.54 on a few thousand shares and we are now back up to $3.66, again on few thousand shares?
Very transparent.
Look at the volume. It is so transparent.
Looks like they are picking up all the stop losses now.
Those that put in a physical stop loss, instead of a mental stop loss, are going to lose their shares.
No. The year end results get 75 days to report and the regular quarterly reports get 45 days to report. Just the way the timing came into play. I would not read anything into it.
20K in 36 minutes. There are no buyers or sellers at the moment. Very low volume.
And the stock is at $3.69. What will it be with an HP announcement? Think they want your shares at this level? You betcha.
From $3.92 to $3.84 on seven thousand shares. LOL
They've wanted them since December 31, 2009 when the stock was $1.42. Look where they have taken us since then.
Hold on to your shares, and you may see $10.00 before you know it.
Maybe they will be better than anyone expects, and that is why they will do anything to get your shares. Volume still very low today.
$10 'N 2010,(or better) that is our goal.
Low volume since we topped out yesterday. They want your shares. Don't give them to them.
We hold a very large percentage of the shares. The float has to be less than 50% of the outstanding shares by my count.
They want your shares when we get an HP announcement, a govt announcement and new upgrade announcements. Do not give them your shares. They want them.
$10 'N 2010,(or better) that is our goal.
The New Dell's Daunting New Challenges
By MARK VEVERKA
DURING HIS PREVIOUS TURN RUNNING HIS NAMESAKE computer company, Michael Dell was known as an effusive and brash leader, once even suggesting that Apple should fold its tent. But Dell has become downright coy since returning as CEO about three years ago to rescue his company from an accounting scandal and to repair its broken business model.
CEO Dell: "We are changing our business from being manufacturing-based to one that's focused on services and solutions. And no, we're not done."
dell
dell
Once Dell had steadied the company's performance, some observers wondered whether the suddenly press-shy billionaire wanted to stay on as CEO to tackle the arduous task of turning the vessel around.
"It's fun, actually, [and] it would have been a perfectly bad ending to a great story," Dell tells Barron's at the company's Round Rock, Texas campus, outside Austin. "I'm not that old of a guy. Sam Walton started Wal-Mart when he was 44."
Walton didn't retire as CEO till he was 70, which means Texas-born Dell, 45, could have many years to go.
He may need them. After falling from No. 1 to No. 3 in personal-computer unit market share, Dell (ticker: DELL) confronts tougher competition and narrower margins that have helped reduce earnings per share to 99 cents for the fiscal year ended January 2010 from $1.47 for fiscal 2006. Lower-cost rivals Hewlett-Packard (HPQ)(Wave customer) and Acer (Wave Customer)(2353.Taiwan) have leapfrogged Dell. Revenue has sagged to $53 billion in the latest fiscal year, from $61 billion in fiscal 2008. And Dell's share price, after gaining almost 40% in the past year, to 16.20, as the prospects for PC sales improved, still is off 62% from its 2004 peak of 42.38.
[dell]
To address these problems, Michael Dell is taking a tack he long avoided. He is trying to retool a commodity-hardware manufacturer that championed direct sales, mostly in the U.S., and turn it into a full-service, global enterprise-technology concern, replete with high-priced consultants and commission-driven salespeople. Dell is even trying to push its wares through retail outlets and adding smartphones to its product lineup. It isn't just a major change in strategy, but a risky one that requires lots of long-term investment and that diverts Dell from its traditional, simpler position as a pure-play PC and server maker.
Just last week, UBS analyst Maynard Um downgraded the shares because he doesn't believe the rising price reflects the conflicts between the PC business and Dell's new initiatives. He thinks the shares are fully priced. Credit Suisse analyst Bill Shope thinks they're overpriced; his target is 12.50, some 23% below recent levels.
"We're doing a lot of things differently from how we did them three to five years ago," acknowledges Dell, who famously launched the company from his University of Texas dorm room, before dropping out. He adds, a bit vaguely, "And I think you will see us do more things."
DEALMAKING IS ONE OF THOSE THINGS. The biggest example was last year's pricey $3.9 billion buyout of Perot Systems. It was a drastic reversal for Dell, whose company epitomized organic growth and who had vowed not to venture into consulting and services, referring to such firms as "body shops." But the Perot deal also helped make Dell the No. 1 information-technology vendor in health care worldwide, based on 2009 revenue. Dell has made 10 acquisitions since his return to the corner office (see table on page 20), and has lured David Johnson, a 27-year IBM (IBM) deal-making veteran, to continue that mission. "Acquisitions are just another tool in the tool kit," says Johnson, a senior vice president, in his first interview since leaving Big Blue.
Aside from adopting a quieter tone, Dell has been deliberate in directing the company's latest turnaround. (He also steered Dell through an abortive laptop launch). His first objective was fixing PC manufacturing. Dell's innovative build-to-order process and direct shipping, once the envy of global business, had outlived their usefulness. HP and Acer had lowered their costs by building standardized computer models, and leveraged their scale to snare market share. Dell, which has been shifting its assembly processes overseas and away from its more costly custom-building, has won praise for slashing production costs during a painful recession. Much progress has been made, but there is more work needed to get costs near those of competitors. "We have to," says Dell, who still loves the hardware portion of the business.
Regardless of how successful Dell is in upgrading PC manufacturing, he isn't going to solve the problems of the marketplace. The business has become commoditized, as desktop systems have given way to notebooks, which in turn have been challenged by netbooks and various wireless devices. Retail prices are under constant pressure. IBM acknowledged these problems years ago, and pushed more forcefully into software and services.
That's why Dell's second order of business is so important, and so daunting. Embarking on a long-term plan that shifts away from hardware demands a dramatic cultural transformation to compete with enterprise-technology rivals such as HP and IBM. Dell is no longer just selling boxes, but has reorganized itself to offer total computer systems and consulting services. These are needed to keep pace with broad changes in the industry driven by cloud computing and virtualization technologies. The question is, can Dell get big enough fast enough to compete with companies roughly four to five times its size? Dell's market valuation of $32 billion pales in comparison to those of IBM and HP, at $165 billion and $122 billion, respectively. HP's size advantage was on display again last week as it bought troubled smartphone maker Palm (PALM) for $1.2 billion.
DELL IS IN A TOUGH SPOT, as last week's downgrade suggests. Simultaneous short- and long-term restructurings -- one designed to fix the PC business, and the other aiming to make the company less reliant on it -- appeal to different shareholder constituencies. By one analyst's estimate, more than two-thirds of Dell shares are held by short-term bulls playing the recovery in PC sales. These investors are "renting" the stock, with intentions of selling at the first sign the recent boomlet is waning.
They could also decide to unload shares if the company fails to expand margins because of the costs required to implement its long-term diversification. That strategy could entail more pricey buyouts or higher operating costs as it hires more salespeople. It also means a more complicated culture, as Dell absorbs new companies and thousands of new employees. A straightforward trade on a healthier economy lifting PC sales was the way to play the "old" Dell shares, and so far it has worked for the "new" Dell, too. There's just no telling if or for how long that will continue.
The strength of the PC-replacement cycle "is a simpler debate, and one that investors want to focus on right now," says Credit Suisse's Shope, who has a Neutral rating on the stock.
Dell's chief financial officer, Brian Gladden, has assured Wall Street that PC demand continues to rebound after Dell reported surprisingly strong fourth-quarter revenue. Personal computers account for about 53% of total sales. "We are still surprised at the magnitude of the comeback," Gladden tells Barron's, noting the corporate "refresh is still coming" -- a reference to companies upgrading aging machines.
Yet, Shope thinks the benefits of the PC rebound might already be baked into Dell's shares. He believes optimists' expectations of 18%-plus gross margins are "not realistic."
With just a couple of quarterly exceptions, margins have been between 17% and 18% in the past eight years, says Gladden. "The reality is that gross margins should rise over time," he says. Still, the General Electric (GE) alumnus, hired in 2008, acknowledges costs could increase, offsetting the effect of rising revenue and limiting margin growth. "You will see operating expenses go up. There are all kinds of moving pieces," says Gladden.
The moving pieces are what make the short-term bullish bet dicey. Um, the UBS analyst who cut his rating on the shares, maintains a price target of 17.50, just north of Friday's close. The stock fell 2.7% on the day, as the broad market plummeted.
Is Dell on the Comeback Trail?
Dell's founder Michael Dell has orchestrated a major makeover. Barron's Mark Veverka examines if it is too little, too late.
"What is less clear is exactly how they are going to approach the long-term secular transformation, and how long it is going to take," Credit Suisse's Shope says. Longer-term bulls, who are fewer in number, would have to bet that Dell gets the restructuring right, generating better margins by delivering computer solutions for companies and tapping new opportunities abroad, especially in emerging markets.
MICHAEL DELL AND HIS LIEUTENANTS aren't about to provide a timetable or a shopping list of takeover targets as they set about transforming the business. What's more, Dell claims he can pull off the high-wire act of growing new core businesses across the globe without overspending. He notes that his company throws off about $4.6 billion in annual free cash flow.
M&A chief Johnson says the company will focus on acquisitions that will grow through "portfolio momentum," underscoring Dell's desire to target smaller deals that are "digestible." Both point to the 2008 buyout of storage concern EquaLogic, the 2009 purchase of Perot Systems and the 2010 acquisition of KACE Networks as examples of smart buys that continue to grow. The EquaLogic business now has 20,000 customers, up from 3,000 when it was bought, Dell says.
Dell, who gets animated when talking about Chinese electric-power grids that run on Dell PowerEdge servers, also has a soft spot for more mundane items like storage. The company partners with the giant in the field, EMC (EMC), for much of its product line. But analysts suggest Dell has been kicking the tires of various outfits, including CommVault Systems (CVLT) and 3Par (PAR), that might make good purchases. NetApp (NTAP), which once might have been a target, now seems too richly priced; the shares trade for more than three times trailing sales.
Whatever Dell buys, Johnson is confident that integration will go smoothly because the folks in Round Rock have learned how to absorb deals. "It's not rocket science. It's just hard work," Johnson says. "I think you are starting to see a well thought-out strategy. We are well positioned for the next phase."
The expansion of Dell's business lines necessitated a reorganization of the company into four businesses that are expected to address customers' computing needs from soup to nuts, bolstering margins and generating new revenue. The first is focused on small-to-medium businesses, the second on enterprise customers, the third on public-sector clients and the last on services, where Perot and its 24,000 employees operate.
The bulked-up Dell services unit, including managed services, outsourcing and consulting, offers a global reach beyond anything the company has had previously. And with it comes the ability to cross-sell more hardware and software worldwide.
This swelling international presence -- the company operates in 180 countries -- is a source of pride to Dell, whose company used to be stereotyped as North American only. Beachheads in the emerging markets of Brazil, Russia, India and China are promising, posting 72% revenue growth last quarter and accounting for 11% of total revenue. Dell products account for roughly 60% of the Internet infrastructure in China.
"If I'm going to be a legacy company, I have to be careful to stay on top of these new things," Dell says.
Some analysts think Dell's shares are fully valued or overvalued at 16.20, as the company could run into difficulties while trying to transform itself.
A consumer initiative that's also essential to business customers is Dell's entry into wireless smartphones. Although it may be too little, too late, Dell has forged deals with China Mobile (CHL) and Spain's Telefonica (TEF), in addition to designing Android-based handsets for AT&T (T). Most analysts, however, aren't holding their breath waiting for meaningful revenue from mobile handsets.
"We certainly are in the mobile-device business, [but] it probably gets more ink and attention than it deserves," says Dell.
This bit of candor is reminiscent of the Michael Dell back when he was revolutionizing the marketing and manufacture of PCs, and offering blunt assessments of rivals. Today, however, he sees himself running a data-protection and data-management business, which is why he "went down this path" toward a more diversified business model.
Hopefully, he says, the company will still be selling products and services under the Dell name for many years to come. That would make for a much happier next chapter in the Dell story -- and a better read for his fellow shareholders, too.
http://online.barrons.com/article/SB127267773566885137.html?ru=yahoo&mod=yahoobarrons#articleTabs_panel_article%3D2
$10 'N 2010,(or better) that is our goal.
When I went a few years ago, I took some name tags with me and we met in the bar area around 1:00 P.M. Maybe we can do the same thing again this year. I will make a point to take some name tags so we can spot each other.
$10 'N 2010,(or better) that is our goal.
For those of you that want to make reservations in N.Y. for the SHM, it will be held at the Helmsley at 4:00 P.M. EST on June 21st.
Hope to see a bunch of you there.
$10 'N 2010,(or better) that is our goal.
Vadar, the Spragues DO owe us something. We have kept them in business for all these years. Yes, they do owe us, I and I believe they will pay us off.
$10 'N 2010,(or better) that is our goal.