Wave Systems Corp. (fka WAVXQ)

[tkc]

MMBG, just looked at the report briefly. Ur prediction was correct, Dell fell fast. Expenses increased while I thought they'd decrease slightly do to esign sale in Oct. Shate based comp was not a non cash expense. My estimates are now significantly off. I wasn't able to hear tje CC. I need to look at the 10K. The Dell drop, the increase in R&D and SG&A all contrbuted to my poor estimation. How did they account for the esign sale- I knew it wouldn't be income. Other yhan those things my convoluted acct'g worked well. Somehow Wave blew thru a lot of cash toend the year w/ only $1.8 M in cash. Angious to hear the CC. Good on the Dell fall prediction. Typing on a cell is tough.