Replies to post #52456 on The Jailhouse (JAIL)

[HhH]

This belongs on the WAVX board...

Verbatim quote from 3rd Qtr CC:

"SKS: Well, I’ll be fair. I think we’re starving them for a little bit of resource in the marketplace. They’re very focused on a number of different projects that they’re continuing to pursue. And from my aspect, WaveXpress is a tremendous service. It’s a little early in its time as it relates to what we’re doing in the Trusted Computing space. Today people are focused on: how do I turn a platform on; where do I get my keys. Not, how do I subscribe to some content based service. There’s a number of very interesting opportunities we continue to pursue with them. I’d love to have a very similar vertical, like real estate is for the ETS Suite, for WaveXpress. And so we’re focused on that. And in some aspects I think that it’s really nice dry ammunition for Wave. As we continue to demonstrate that we can not only provide the lower level software but also provide some of the application space in the market to demonstrate how Trusted Computing is used. WaveXpress becomes a very powerful tool for us. So we’re being careful with our expenditures, watching our burn rate, and a result we’re probably starving some of the opportunities that WaveXpress has today. I think it’s the right thing for us to do at this point in time."

And here is the reality:
From 10Q filed 11/15/04:

"...Wavexpress' selling, general and administrative expenses, which were $1,552,549 and $1,466,785 for the nine months ended September 30, 2004 and 2003, respectively. The 6% increase was attributable to additional dedicated phone lines for data transmission and costs associated with a new data center."

Remark:

WaveXpress spending increased year-over-year. All that "Wavexpress is being starved for resources..." will be forgiven by the Wavoids (especially the lie-to-me Steven crowd of zen, weby, etc.) as the usual, completely acceptable, Sprague-speak. My own opinion is that those who condone lies from their CEO are utterly deserving of an investment gone bust. But then, that's me.