Zeev: To say that they've wasted $250 million one must discount to zero where Wave is and what Wave has today. Do you think that's reasonable? Do you really think that Wave is nowhere and has nothing?
Then you should base your argument on that. You only mentioned that in your REPLY. Therefore, your post is mis-directed as can be. Secondly, if you think management pissed away $250M in search of billions in return by creating a new market and technology to solve that market's problems (that everyone is now talking about), then you don't see the correlation of why it wasn't pissed away.