Wave Systems Corp. (fka WAVXQ)

[Bluefang]

Alea--Wave has not yet caught the bus. What we did, is wander in from the swamp where we had been waiting for a ride, into the traffic lanes. Now we are standing at the Intel Stop and hope it will take us where we want to go.

The characters on the bus you see in your daily trips are interesting, but hardly relevant to either the bus getting to its destination, or the riders boarding the correct bus with money enough to pay the fare.

We have made an impressive start after 15 years--but the real test is revenue. There is still much opportunity in the near future to fumble it away or to be co-opted by a bigger, newer, better strategy or technology. But for now, for the first time in many years, I like our chances. But please, to call it a done deal is to wildly exaggerate the truth. We are in the game, but it is hardly won.

Bluefang