Wave Systems Corp. (fka WAVXQ)

[tkc]

CSL, I, like you, over-estimated Dell's bundling, SED sales and Rev from other OEMs. I also assumed Wave would finnish the DOD contract and get the $400K that remained unpaid. It looks as though they only got around $100K. I really thought we had it nailed, but alas I was 20% high. Here is my "reconstructed " est. of Q3 "Total Billings:"

Dell bundles $3.805M (4.175M units)
Dell SEDs .160M (21K units)
Total Dell 3.965M
Other OEMs .573M
Upgrades .730M (12.2K)
Total from Licensing $5.068
DOD engr $100K
other Srvs 26K
Total Srvs $ .126

Total Billings $5.194M How does this compare w/ yours?