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cmf

02/17/05 9:20 PM

#70094 RE: tkc #70071

Hi tkc,

I'm no cpa, but I believe you are wrong about the dell revs being 100% gross profit. I think you'll find they are ordinary revenues which just get lumped against expenses.

What you posted is most misleading in that there have been many many millions spent to produce the product dell is selling. It's not like the ETS fell outta the sky. We're just making money back against what has already been spent.

I think you know all this and you may have just stated it oddly.

So where do we go when wavx has its first $1 million in revenue quarter?? Not Vegas. Jersey perhaps??