Wave Systems Corp. (fka WAVXQ)

[Zeev Hed]

Jas, you realize that Sprague prior position was as the Chairman at NSM? I have not looked at that announcement by itself but it could be just "favor returned". INTC is important, if INTC follows through and starts shipping such motherboards with Embassy bundled in, it would be nice to see what revenue per board WAVX gets. I have seen situations before where a lot of enthusiasm was generated by a relationship with INTC (RMBS, ENER), but then INTC decided for its own strategic reasons to deemphasize (and at one point, when it fit their strategy even subsidize) the program, so we'll have to see how much a commitment INTC has. From the point of view of the stock's action (not the company's performance) the longer that relationship's numbers are a mystery, the better the stock will do. This simply because speculations on the potential "windfall" are more often than not, much greater than actualized reality. Enough people have already discussed the IBM release, it is important, but it would have been nicer if it had attached to it a commitment of bundling, which right now, it does not seems to have.