Wave Systems Corp. (fka WAVXQ)

[rachelelise]

I would expect and we have seen presentations where Dell in fact emphasizes security and Wave is a big piece of that puzzle. In general all we say are adds and materials geared to individuals and perhaps small businesses.

There is a large sales system geared to enterprises which I expect is indeed emphasizing the benefits of trusted computing and Wave is very much in that mix.

The uptake has been slow. It is not apparent to me that there is much more Wave could do - it is an industry issue and it is due to corproate inertia and the complexity and direct cost of materially changing an entire infrastructure.

It is simply unlcear today to know with certainty that wave can remain viable until these conditions change. All you can note however is that every day we get closer to the point that the purchases will occur and so far Wave is still in the leadership position to accrue those benefits. But I do think delays can only hurt and not help wave at this stage.