Wave Systems Corp. (fka WAVXQ)

[dig space]

trustcousa, revs

The company has variably hintied towards 120 million units with Wave in half of them.

Cut that in half again (you know, to be conservative)

then you land at ca. 32 million machines at 25 cents for 8 million in revs plus Wave's various add ons with a takeup of lets say 10% for lets say 20 bucks a seat for those who actually go for the add on (or another 64 million). That gives 72 million in revs, of which a big hunk will likely be "defered" lets defer 85% landing one right about at burn rate. So, aroung 15 million revs and 0.0 EPS.