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rwk

09/10/09 6:42 PM

#181966 RE: internet #181964

internet, I would

gladly see Wave continue a slow revenue climb. 20,000 seat upgades for Q3 from 6,000 upgrades in Q2 would be a sales increase of $700,000 per quarter. With the increased Dell royalties fom E's vs D's, Wave could actually make about 2 cents a share for Q3, or 8 cents annualized. Use p/e ratio of 30 and the share price would be around $2.40 in mid-November. I settle for something like that and not worry about serving the other 300,000,000 latent TPM upgraders until later. I hear there is a plan afoot to address those laggards and even the President is lending his voice to push it along...

Thanks xxxx for providing your insights on the revenue topic.