Wave Systems Corp. (fka WAVXQ)

[rachelelise]

RWK

I think its pretty obvious that they wanted to release something for the purposes you mentioned. Also although they get the benefit of the higher licensing rate in Q1, they also get the negative benefit of the corporate spending slowdown. Diferentiating between upgrades versus basic licensing is an important metric for the full details if they are willing to divulge it. I have not followed the expense levels for some time but it still feels that revenue and expenses remain diverged.