Nicknamen-specious reasoning here
Normally I find much in your posts that I value, but this one is not founded upon any discernable evidence. The fact is that 3rd Q can be anything from disappointing to outstanding based upon the bits of evidence gleaned by this board. We know that there are pilots going on, and that at least one moderate sized company (Crane Aerospace) has adopted Wave's entire system. We also suspect that Boeing is in the process of adopting FDE with Seagate/Wave. We know that Seagate is now pushing FDE and beginning to ship in larger numbers. Also, chip bundling and ETS lite are still shipping on many models of laptops, with desktop deployment soon to start.
I would argue that these factors tend to favor an increase in revenues. If Seagate ships just 150,000 FDE.2, that will be around a million to Wave in the quarter at $7 a drive. Couple that with the pilots, Crane Aerospace, bundling revenue, and any government (or other) consulting contracts, and we could easily see a doubling of revenues next quarter.
You are correct to say that 1.8 million would be a disappointment. Yet, given the situation with the roll out of FDE.2, and the pilots, Crane Aerospace, etc. at some point soon, we are going to see a substantial increase by the end of the year.
We have enough money to get us to break even -if- Seagate comes through. That is all that needs to happen-Seagate has to ship 750,000 FDE.2 drives per quarter.
Given that we are close to break even with the funds in hand, I don't understand why you would assert that management would take us private. The last 10 million should cover any shortfall/delay, and if we are not raking in the cash by the time we get into that 10 million, most will be out of this stock before any move to private ownership would happen.
Management has also demonstrated that they are listening to the shareholders by altering the recent employee stock options plan. Why would they alter this plan if their secret intent is to take us private if things get too tight? Why would they go private when they could just use the last 10 million to get us there?
It has nothing to do with political correctness.
I am sorry that you don't post much, anymore. I valued your input on marketing issues, and your insights on the nature of making sales calls and pitches in the technology sector. I think you could still add much here, if you choose to post.
Goin Fishn
AI
