Wave Systems Corp. (fka WAVXQ)

[internet]

CMF...re revenues...Not only do we need to know what the royalty fees are...but perhaps more importantly...we need to figure out what the subscriber rate is expected to be for our "premium services". For example...lets say that the volume of wave enabled PCs/notebooks in the market next year is ~ 10 million ( 150-200 million units are sold each year) Lets assume a 30 % subscriber rate ( remember that the first market for these PCs/notebooks will be for the Enterprise consumer...the ones that will be motivated to take advantage of our premium services) at ~ 20 dollars/unit/year...this would give us revenues of ~ 60 million dollars using those numbers. Obviously, the amount will vary tremendously as either the total number deployed or subscriber rate changes. One can extrapolate from there as to our potential growth rate.

Sincerely,

Jas