Wave Systems Corp. (fka WAVXQ)

[Chowder]

micro - good Saturday afternoon. I have seen the lacking revs before, going back to '99 and understand the need to see. However, I am convinced we are on a trajectory, witness the last couple quarters rev reports, that is growing nicely just on bundling deals. Even without upgrades, which is what we all want, wave will do a nice little business. That said, I believe we will see an easy double, but may be wrong, from previous quarter, primarily based on bundled deals. It has been some time since Dell and Gtway signed wave. More models without TPMs have completed their natural life cycle and more models with TPMs / wave have come to market as of late. I may be a quarter early but think we will see continued ramp up of revs at this week's CC. Either way, I feel it is quite certain that wave will be well beyond BE at next CC.

Ciao!