tkc... can you help me out??
Which are the future products that should be ditched in you cost-cutting recommendation because they won't be needed for some time? Are you privy to their strategic planning or are you just assuming the IT industry doesn't need Wave's products to, oh, let's see, manage TPMs, Seagate's Momentus drives, Dell's new Controlvault, or Intel's vPro? What are these mysterious "future products"?
Which personnel aren't generating revenue? Please explain that. Surely you're aware that in any organization there exist folks who generate revenue and folks that support that effort. So, who's the dead wood? Would you fire the software writers? They're not producing ANY revenue but just might be working on the next killer application.
Have you ever BEEN to a Wave office? I have....many times. They're bare bones; part of me is embarrassed, the other happy that they're not opulent.
Excessive travel expenses? Are you kidding? Believe me, the trips taken by Steven Sprague and Lark Allen are not to the wine country in California. I know.. because I've seen the schedule and have often thought about the fact that he has a wife and young children.
So, hold to your belief about why the share price is so low. It has nothing to do with what you've suggested and everything to do with the fact that the market believes their core business is selling stock every couple of months.
By the way, the "planting the flags" comment is going to bite you in the azz.
FM
