Wave Systems Corp. (fka WAVXQ)

[dig space]

awk, how about a little more conservative ...

... 24 million TPMs in 2005 and Wave products in 30% at an aggregate buck each. 8 million ain't breakeven, but I am again inclined to notice that the last two CCs represent the first two consecutive CCs (IMO) where Wave has not jumped off one boat onto another (You know the: IBM becomes HAUP/ITE/SMSC becomes PCFree becomes CPQ becomes CyberComm becomes Finread becomes KidCard becomes AMD becomes EDS becomes ... you'll forgive me if I've lost track).

Point is:

Q2 CC was INTC, TCG, NSM.
Q3 CC was INTC, TCG, NSM (and STM).

Q2 revs were 6k with (my guess) deferred of 40k.
Q3 revs were 44k with stated deferred of 340k.

Curious that some of the long longs are shaken by a CC that heartens me.

So it goes.

Regards,

Dig Space.