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BullNBear52

03/16/04 2:04 PM

#33683 RE: fung_derf #33680

Oops. That's a funny PR.

http://biz.yahoo.com/bw/040311/115836_1.html

Wave Systems Corrects its Q4 and Full-Year 2003 Results
Thursday March 11, 11:57 pm ET

LEE, Mass.--(BUSINESS WIRE)--March 11, 2004--Following the release of fourth quarter and year-end results after the market's close today, Wave Systems Corp. (NASDAQ: WAVX; www.wave.com) was informed by its auditors that the accounting treatment of a non-cash item to which the auditors and the Company had previously agreed, was incorrect.