Wave Systems Corp. (fka WAVXQ)

[rachelelise]

CPA IBM customers

Like you I am very interested to understand our progress. Now the actual 3rd quarter results will have little to nothing related to the IBM effort since betas were essentially in process during that period. The question is whether at this call they can say anything concrete about their progress here. If things are going well but the testing period is still on, there may be little that can be announced. Suppose they've gotten dozens- no hundreds of calls of interest from companies and they are in substantiative discussions with twenty of them. Maybe they could say that much. The issue at this moment is that we are all want to hear about closure and not just good progress and that may not be true right now.