Replies to post #147588 on Wave Systems Corp. (fka WAVXQ)

[svenm]

Ispro,
Thanks for this analysis (and all your efforts, btw). Taken one step further, what percentage of the 3M FDE Dell drives sold would result in server tools sold by Wave. A 33% rate, for example, would provide approximately $40M in additional revenue (all earnings above BE) or about $0.80/share. A P/E of 30 would provide a share price of $24. This, of course, would be ignoring income from ETSL and ETS (other than the Dell FDE's).

Svenm