Wave Systems Corp. (fka WAVXQ)

[hnstabe]

Ramsey2- Of course we do not know how many upgrades were booked in 3Q since SKS would not tell us. I can not figure out why the count and dollars are so sacred. However, using the $750,000 as an example I do follow your clarifications.
Then, for my better understanding, is the following approximately correct?
$750,000 - $187,500 = $562,500 to be amortized over 12 months. Then, the 3Q08 does drop out of the deferred sum? Since the 3Q deferred increased by $350,156 does that mean that 3Q08 was $562k - $350 = $212k? Then does the $212k get added to current revs or is it just dropped or what?

thanks,hnstabe