Wave Systems Corp. (fka WAVXQ)

[Whitewash]

It all boils down to one question...

If you had never bought a share of Wave in your life and you know what you know now about every aspect of the technology, immediate or potential market, Wave financials and YES Wave leadership... Would you buy Wave shares today?

If the answer is no and you own Wave shares then I would suggest an exit plan to ease your finacial and emotional anxiety.

If the answer is yes and you own Wave shares then I would quit crying and realign my investment thinking and emotion.

The wonderful fact about this investment is that the light is at the end of the tunnel one way or the other. The journey is going to either be completely over or a new journey will begin with share price appreciation over the next two quarters. Wave will make significant money off of Seagate FDE or they wont?! Virtualization technology will be big next year and the TPM will be a critical component in securing virtualization technology or the TPM will not be so critical?

A few things I do know today:

- Seagate is a top tech company making money hand over fist and Bill Watkins himself has said numerous times that the FDE technology will encompass all lines of Seagate HD's in 2008. Steven Sprague didn't say that, it was the CEO of Seagate.

- Intel is rapidly becoming a virtual platform company. Every new platform launched by Intel anymore is a virtual platform. It just so happens there's a TPM on EVERY one of those platforms? Who knew? Right? Maybe some of us are wondering if Intel plans to use those TPM's for something?

- From my understanding, Wave provides the key ingredient (secret sauce?)to both secure and manage both of the above technologies.

Jeff