I agree that the comments refer to the rollout and adoption of TPMs, but I wouldn't characterize it as "double-speak".
Wave's market is a subset of the total TPM market. Until there are sufficient TPM deployed, there IS no market for Wave's premium services. (I still think that the initial IBM Atmal TPMs have some endorsement key issue that present a hurdle to adoption of Wave 'services')
Furthermore, in my opinion, Wave will not be able to share activation rates (for example) for a couple of quarters at least.
I know this isn't what people want to hear. You want to hear that x% of TPMs deployed have bought premium services, and that KTM has the highest take rate, and other nice (and important) metrics. In my opinion (and I may be wrong) the TPM market hasn't developed enough to make these numbers meaningful.
In the extreme case, if only 2 TPM motherboards are deployed, and 1 bought premium services, that's a whopping 50% activation rate, and it means squat.
For what it's worth, I'm looking at revenues, and the source of the revenues. I'm pretty interested in what percentage of the revenues WXP provides, and if there will be any indication of how much licensing [NSM, possibly Toshiba] versus Intel bundling revs. That might help determine which way Wave is heading (or, more accurately, which way the market is pulling Wave) but still, it's very early in the game...
"Absence of evidence is not evidence of absence. - Carl Sagan
AI
