Wave Systems Corp. (fka WAVXQ)

[go-kitesurf]

Buffet, it is hard to tell getting into Q4-2005 and into 2006, entirely due to the fact that Wave's revenue model will begin to shift from largely weighted on the client side to server side. We have the mobile group entering the fray at that time and server tools will be in much higher demand (hopefully). I also anticipate Wave's client tool demand to wane, but they will also be bundling TPM-services for WaveXpress and SignOnline to their offering, so client side sales could increase. Its literally a total unknown, but the "rule of numbers" still exists. The more TPM machines, the more TPM service sales.