MU and scrambled eggs.
Wave requires significant near term revenue, hopefully in the form of income from operations. For that Wave is looking at VSC and presumably renewing interest in large scale SED management. Those efforts rely on products that are on the shelf today.
A company such as Wave must also keep an eye towards the future - regardless of how tenuous their future may be.
The company occasionally updates on that future, or what they think it might be.
Enter e.g. Bell-ID and MU et al.
Investors seem inclined to take the above (VSC, SEDs, Bell and MU) and throw it all into a blender, pull out pieces and remark how MU is not going to produce $16m by Mar31 2015, or that the requirement for $16m does not exist because there is MU.
Correct, MU will not produce $16m by Mar 31, but that was never MU's slot. Similarly, the $16m is very real, and MU does nothing to address it.
There seemed to be considerable condemnation at least by some that one of these futury thingys supposedly missed a deadline (the infamous "anticipate definitive agreement in August" bit). While I agree that that statement had no place in that PR (it added nothing, and provided only an opportunity for perceived failure as indeed, had such an agreement been announced, it would mean no more or less than that effort does today .... something that might generate some revenue some day).
Perhaps it is my penchant for categorizing thingys and putting them into boxes that leaves me a bit flummoxed when some use items from the purple box to describe the contents of the green box.
So some look at the future purple box as salvation - something I think it has no business doing given current cash flow, others look at the contents of the orange box and say the green box is doomed.
Scramble away.
The above content is my opinion.
