Wave Systems Corp. (fka WAVXQ)

[internet]

Good evening Yaya...re CC...As I have said on other occasions...In order for Waves business model to have any chance...we needed a firm commitment from the industry to deploy TPMs on a broad scope. I think that we are witnessing the "early stages" of the inclusion of TPMs onto the PC/Laptop environment. If you go back to the article in which the security manager from IBM states in no uncertain terms...that every IBM platform except for the cheapest models will be TPM enabled by the end of 2004. Combine this with HPs decision last year to offer TPMs...and Dells upcoming decision...it is clear that the adoption curve that Steven was talking about has ALREADY started to take shape. Add to the mix our Toshiba find and we can start to appreciate that this move is indeed a global adoption.
My biggest concern has always been whether or not we will have enough cash on hand to get us through 2004. I will admit that I thought we would have to raise additional cash by May...but it's beginning to sound like we could put off the next round until the fall. This potential delay will enable us to potentially benefit from the june/july rollout of the OEMs latest products.

Sincerely,

Jas