Replies to post #183085 on Wave Systems Corp. (fka WAVXQ)

[oclv99]

xcs...so your model is tracking at 20% QTR/QTR growth. Hope it continues for at least 6 Qtr's....then I will be very happy!

[rwk]

xxxxcslewis / another wild card

is the degree of upgrades caused by SED's. These could be as high as 80%, as opposed to the 40% implied by your numbers. In which case there may be an additional 12K to 16K upgrade seats, or $600,000 to $800,000 more in billings.