A few CC and Qrep musings.
First, being the pseudo-wannabe bean counter I have become, I went straight to cash on hand and am rather pleased with $6.9m. Seems it could have been a lot worse. As BEWML guidance is towards MEWML, such cash is required.
Second, SMB/bundling appears to have clicked up 10-12% QtoQ. It really just hasn’t done anything like that short of the Dell renegotiated bundling deal. Folks all love the BigDeals, and who doesn’t, but given the base size of Qrevs from non-BigDeals, double-digit QtoQ rapidly becomes no laughing matter (an argument I belabored about a year ago). The few Qs running of -1%, -2%, 0%, were really adding up and dragging on growth (masked by GM). Q2 finally went north for 2-3% on my napkin, and this Q looks like 10-12%. I am all sorts of bullish about that point.
Third, did he really say they have sold $500k+ of WEM? , before it’s on the shelves? I thought only Jobs did that, certainly not Wave. Wave shelves it, massages it, rebrands it, and finally gets a taker. If $500k+ of WEM has moved, and if those 500m idles TPMs are really out there, and if the product is easy and effective, those lines may cross faster than anticipated.
Finally, the SP is going to tank tomorrow, for the simple reason that I came out of that feeling very good about Wave, so I suspect the, uhhh, “market” will feel the opposite.
(I should say that for me the CC itself by and large sucked. Me and that dudes comm skills just don’t mesh).
The above content is my opinion.
AI
