E; respectfully disagree re; competition...
Wave has yet to establish a meaningful, revenue generating installed base to bring value to the shareholders.
Competition WILL add confusion to the "gospel of wave", penetrate our market, and decrease the potential value of our holdings.
The "first mover" advantage must pay off big...or the eventual reward will be "not so big".
This is the real world, no spin, no hype, business, marketing, economics 501 version.
Plainly put, if products being sold by other companies start making real money in this space, whether they are true or peripheral competition, isn't good. It doesn't validate anything except that we are not executing.