The analysts view of Wave is certainly different from this board. They see a company which is totally dependent on Dell and there is no need to expand how unhealthy and dangerous this is. Would Dell switch? Unlikely but who could claim that this is impossible. Furthermore, Wave with its tiny revenue is not able to expand its market clout and is far from becoming a recognised brand. This would not be a big issue if a number of other approaches/solutions will not arrive regularly on the market threatening Wave pioneership offers. The SP is not the major issue right now, it is the market expansion which is extremely slow by any standards. There is progress, yes but it is microscopic. If we add the famous SKS credibility issue which could change only with some exlosive hard figures, then we have the picture why no analyst is ready to commit to Wave.
It is one thing that Wave managed to disappoint this board over the years, it is another thing that Wave fails to impress any market makers. Will it change? The ingredients are in place and the hopes are still there. To me the biggest chance is the DoD contract(incredible but true, some people on this board dismissed it as irelevant!!!) which is not only an excellent contract in itself but is most likely the way for Wave to gain the necessary credibility for a further very large business. Other than that, one can hope only in some unexpected positive surprises but hardly major jumps.
