Wave Systems Corp. (fka WAVXQ)

[internet]

WD....re 2012 share price....Don't get me wrong....I'm ONLY concentrating on the DoD in regards to potential growth areas. Furthermore....I did not want to suggest that we would only be successful in winning only 1 out of 6 million seats....In fact...I strongly believe that we will play an important role in the vast majority of these seats. I just have a hard time believing that the DoD will be able to update ALL 6 million seats over the next 9-12 months. Furthermore...the PE that I used is VERY conservative IMHO.....Let's just take it one step at a time....We've won this US Army contract.....We know that there are currently pilots underway involving WEM that are directly related to the NIST 800-147/155 specs.....let's see how those pilots play out...

Sincerely,

Jas