There is no reason they had to put this in the p.r the only purpose is to add rocket fuel.
"Wave System's primary challenge has not been technology. ... It's been how to get into marketplace," Allen said.
Wave Systems reported a net loss of $43.5 million in 2002 including one-time charges, on revenue of $447,000. The company has not been profitable for the last four years. KPMG, its auditor, has expressed "substantial doubt" of the company's ability to continue as a going concern beyond the second quarter of 2003. In a recent filing with the SEC, Wave Systems disclosed it has only enough cash to fund operations through approximately Oct. 15, 2003.
The company is not followed by any analysts tracked by Thomson First Call."