Wave Systems Corp. (fka WAVXQ)

[Down And Out Man]

rachelelise, the thing is, if we could go back just a half year or so ago, and poll the shareholders, almost everyone of us would have said we were expecting SIGNIFICANT revenues and progress LONG before the latter stages of 2004. Today's reality bears ABSOLUTELY no resemblence to our expectations of not that long ago.

We can hash all this to death, as we always do on these boards, but the target is continually moving. I am no longer very optimistic. Yes, trusted computing will happen. Will Wave be a major player? I don't know. Period.

Tampa says he sure hopes we don't sell out at $5/share. I said that for years. I now believe (and hope I'm wrong!) that one day hindsight will reveal that a sellout at $5 would be a good thing.

But, since I long ago wrote this off as a long shot gamble, I'll stick around to see it out. I think.

D&O