." In two years, with only software deployment, unless something else happens, 20 bucks is max in my mind."
You seem to keep missing the fact that Wave's Server Premium Services will produce 40 x's more revenue than any Embassy IP will produce & that these Server Services are stage 2 Q1/Q2 2004.Do you really believe Embassy IP in a chip will bring in $20-30 revenue per chip per year? No one is going to pay more than 50 cents per chip for Embassy IP imho.