Replies to post #175880 on Wave Systems Corp. (fka WAVXQ)

[Down And Out Man]

xcslewis, just one more in a very long string of SKS pronouncements that later prove to be not true. One can draw their own conclusions. I certainly have. I pay zero attention to anything he says because it almost never proves to be correct/true.

Good luck,

D&O

[waverider]

even if expenses were only reduced 800,000 the revs were still 3.3 million, the best ever and more than the majority (per survey) expected. No matter what happens the nay sayers (peanut gallery) will always find something to bitch about. When Wave is making 100 million the same people will say but we extected 150 million. so it goes.

[wavxwizard]

Maybe he meant the 'decisions' to reduce expenses were made in Q4, but we won't realize them until Q1 for full effect? If it is just a timing issue, and with your revenue projections, then BE is going to be a really good possibility in Q1, no?

Yes, I know not to get fooled again, especially about BE, but I'm now believing that a lot of risk has been eliminated. Not saying we won't have more dilution, but we truly appear to be back on the beach, instead of under the boardwalk.

[tkc]

4X, Far be it to me to stick up for SKS, but he may have been somewhat right for a change. The release states, "...,Wave's Q4 2008 op ex (including cost of sales) are expected to decrease to approx $6.6m..." Incl COGS in OP EX changed the comparison as COGS has never been in Op Ex, always a separate line item around 12% of sales. So, if "sales" were $3.3m and COGS was reduced to 10% (because Dell's purchases increased by 2/3 while costs remained unchanged) then $3.3K should be deducted from the $6.6 "Op Ex" or $6.27m. So, that would be slightly more than $1m less than Q3. Obviously he didn't meet the larger amount he hoped to. Thx for your work, it's helpful.

[Whitewash]

What if....

The revenues for Q1 are sizing up to be much better than orginally expected? Well above BE even considering the current quarterly expense rate? Why continue to reduce expenses just because Steven said he would? Jeff

[telstarjohn]

Hey 4X and all my old wave/non wave buddies...I'm back...lol

This is a valid subject that could have many answers. I agree sks needs to either be right on with his remarks or not speak when answering questions pertaining to such matters. If he's not sure, defer to Feeny.

But if the optimistic view is up at wave, then a reduction in staff (biggest budget saver) could have been cut back to ramp up business coming out of pipeline. Very positive if so.

Or, Wave is still cutting, but at a slower pace so as to not be short handed if/when business turns. Worst mistake is over cutting staff and then business jumps. So the number might be going down further, just at a slower rate.

The last option is sks lied and the co. is a sham. You know many believe this to be true. But for proof, all I ever heard while vacationing at AB, was mostly opinions, no concrete evidence (sec reports, news links, unbiased anything).

There biggest weapon is sks's own mouth caused by his wildly optimistic views or expectations. Not proof of wave failure, just inexperienced CEO. I give sks props for the platform and keeping company on life support funding, but failing grade as a true sales/marketing leader or strategist.

So the debate continues in "The Wave Turns" soap opera. Nice to post here again without wearing a bullet proof vest. I can actually expect to hear intelligent responses mixed in with sceptics again.

Time will tell if the hole sks/wave dug is too deep and we're approaching the 6-ft mark or just pit for rocket launch? Hoping for the latter, but the numbers are the count down to lift off or explosion.

john