Wave Systems Corp. (fka WAVXQ)

[SPIN]

Berliner Börse AG volume is not the issue.

you wrote:

"The net result is, the listing doesn't amount to a hill of beans."

it seems you have not been duly diligent or even considered the potential Reg SHO implications of the foreign listing.

http://finance.yahoo.com/q/hp?s=WAVX.BE

http://www.berlinerboerse.de/index.html?LANG=en

http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=108...

oh, & btw, people actually purchase & use Tivo... Wave reportedly doesn't even use its own stuff internally, apparently not even as a proof-of-concept, let alone to make its internal computing cooler!

& btw2, 5Par just posted an interesting spraguespeak find from 3 different CCs:

CEO-CC 3-31-03
<<<And to give people some expectation of where that range is, we see that as a $30 to 40 per year business on a per platform basis.>>>

CEO-CC 8-14-03
<<<So the goal is that the 25 to 35 dollar per year per seat model for an end user to have their machine managed.>>>

CEO-CC 5-13-04
<<<We believe that’s a 10 to $20 per seat business, again depending on specific options that are chosen on an annual basis.>>>

http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=19864721&tid=wavx&sid=19...