Wave Systems Corp. (fka WAVXQ)

[waveduke]

I have not posted in a while, because I have not had a lot to say, but the Wave story appears more compelling every day. Based on Wave's bundling projections, I would guess $1.8 mm in bundling revenue in the second quarter. The upgrade sell becomes easier with every additional TPM shipped and every service enhanced by a TPM.

I tend to look at this as investment in terms of increasing likelihood of success or decreasing likelihood of success. It has been a steady increase of likelihood over the last couple of years and I think there are a couple of things happening that dramatically increase the likelihood of success.

John