Wave Systems Corp. (fka WAVXQ)

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24601, the restatement of the Jan 8k in Dec of 08 that stipulated the increase in royalties states that the increase can be vacated after 30 days notice. Seeing that the money flow continues and the bundling is continuously referred to, it would seem any cessation or amendment (particularly given it is a 10% customer) would require an 8-k w/in 4 days of the event. Chatter to the contrary is simply not supportable. The agreement has always been a permit to bundle, not a requirement to bundle, and no minimum shipment etc., all to be considered in the context of the fact the Q3-11 revs from Dell were the highest on record.