Dell vs Samsung,
given that for the moment Dell revs appear to have somewhat stabilized ca. $2.75m/q versus the e.g. $4m/q enjoyed in 2012, and recognizing that the Dell bundle is somewhere in the 50-75 cents a unit, then one can more or less pencil in something like 4-5m units per Q from Dell.
If one assumes that Samsung bundling at least initially will be more modest (say 1/5th per unit) ... then .... to get to reporting thresholds of ca. $600k/q Samsung needs to move 5-6m units per Q (all very crude math).
I haven't a clue what to anticipate from Samsung in volume, but it does seem reportable levels are reasonably likely, even at 1/10th the royalty should Samsung become a major supplier of TPMs AND those TPMs ship with Wave's TSS.
To me that is the line item to look for going forwards.
The above content is my opinion.
