Wave Systems Corp. (fka WAVXQ)

[Weby]

AWK

First thanks to many for attempting to clarify how Wave's role with MSFT is progressing.

Second, thanks to Mr. McFadden for getting a reply from Mr. Callahan. I find the reapid reply itself as encouraging as the specific wording.

The key question is what prevents msft from writing their own CPS into their own browser....is it monopoly fears, is it RAND that is part of TCG, or some other reason??

And a comment on price the week before we finally discover what transpired last October

If we made a penny a quarter or apx 5 cents for four quarters at 10X earnings our price would be 50 cents...and 20X earnings a buck. Now 100 million in earnings would be a buck a share with 100 million shares(given some more dilution. Thus 5 cents = 1/20 of that or earnings of 5 million a share. With a burn rate of around 24 million that means that THE MARKET IS PRICING US RIGHT NOW EXPECTING REVENUES OF 30 Million or so six months hence. Note these are .75 of Snackman and my predictions -- or not that far off.

Conclusion: stock is priced rationally right now...and in line with Wavoid revenue estimates for end of year. Meaning: In about six months stock should be priced .75 of Wavoid estimates based on 2006 Longhorn 1.2 much more sold, many more OEMs (and maybe cell folks) being anticipated. Meanwhile $1.10 is a real number and we are being priced legitimately as a real (but unlikely) possibility.