tkc
That is exactly what the numbers say.
Also, a simple question. Now, before I get kicked for asking, remember I have been a long shareholder since 1997 and still possess what is left of my shares from a reverse split I strongly disagreed with.
Why is it that when you have a third of a million dollar increase for the quarter that you have lost ground? In other words, that little word which is so encompassing, "expenses", seems to always EAT everything that the company gains.
Why this time? Have we over employed? It isn't good business practice to spend more on additional personnel than you take in so I think a valid explanation is more than due.
That's kind of like saying "the good news is we didn;t have to pay any taxes on profits this year", "uh, that's also the bad news".
The good.
The company is doing far better than they were say a couple years ago and later. The revenues are growing. The economy sucks.
It appears that they are able to operate within the cash flow, at least thus far. That says something.
So, are the numbers exactly where we would LIKE to see them? No.
Are they the end of the world? No.
Are they Good? Not really but not horrible either.
I think that as long as the economy is in the condition it is in that it isn't going to change much. Corporations are cutting back on things they can postpone unless it is absolutely necessary.
Some will feel more compelled than others to consider the security of their I.T. departments and data. But the bulk of wave's revenues come from Dell and shipments from Dell are not going to ramp up in the business class computers until the economy is better and businesses start having the necessary monies to make those expenditures.
This conference call rated a 5 out of ten, neither bad nor good.
Wave will live to fight another day and let's face it, if you own a business and are surviving, you are doing well. Sure, some sectors are alright, especially the ones who live off the taxpayers. But many are still sluggish and hurting and true unemployment is still over 17 percent.
So, to have a quarterly report like this means wave did not lose any ground, could have been a little better with its management of the payrolls, but is holding its own despite the conditions.
the best,
micro...
AI
