Wave Systems Corp. (fka WAVXQ)

[24601]

Ramsey2: Thanks for the reply. But I think I need to review what, if anything, we have on this beyond the form 8-K of November 21, 2005. In pertinent part, it reads as follows:

"On November 14, 2005 Wave Systems Corp. ('Wave') signed a license agreement with Dell Inc. ('the OEM') that permits the distribution of a custom version of Wave’s Embassy® Trust Suite security software technology on all of the OEM’s business PCs equipped with trusted computing security chips known as Trusted Platform Modules (TPMs). Wave will receive a per-unit royalty based on the OEM’s shipment volumes of products equipped with the custom Embassy technology. However, the contract does not provide for guaranteed minimum or maximum shipped quantities or royalties. An expanded and more powerful suite of trusted computing software, the Wave ETS Enterprise Security, Dell Edition version 2.0, offering enhanced security management as well as improved data protection, will continue to be available to customers as a purchase option from the OEM."

(emphasis supplied by me)

You mention "the licensing agreement signed in December." Do we have text?

Best wishes,
John