Wave Systems Corp. (fka WAVXQ)

[Chance To See]

CC Comments on Expenses and Employees.

EMPLOYEES

Q1 2008 CC Q&A

Q: All right. And how's the workforce doing? Has it been increasing? Have you been employing more people? I know the last time, it was about a year ago, you had about 100 employees. Has it grown any more?

SKS: The company is at about 130 people today. Predominant growth has been in both the sales and engineering teams, and both in support of real customer accounts….

Q3 2008 CC Q&A

Q. Just a few questions, the number of employees today and in the near future?

Steven Sprague: So we're around 110 employees today. And it will depend on what the ultimate number is, but it is probably in the 85 range that I would say is our general target area. Some of that comes from a consulting perspective. Some of that comes directly in employees. And some of that comes from the Wavexpress transaction where we have about 15 employees within Wavexpress, which we hope to have either acquisition or independently funded.

EXPENSES

Q3 2008 CC OPENING REMARKS

The other piece that we have been very focused on is helping to align our operating expenses and bring them in line with the revenues of the organization. To that end, we have reduced about a $1 million of operating expenses already expected out of Q4. We're on target to increase that number to about $1.5 million in operating expense reduction in Q4.

http://www.unclever.com/wavx/