My wife has held a position in Microvision Inc stock for over 6 years. It has been a decent return on investment at the current price, however we wish we had sold it when it peaked a couple years ago. In my opinion the company is a classic case of academics never really wanting to stop the fun they have researching a promising technology and release their child into the mercenary world at large.
Oh Microvision has been selling "price is no object" retinal display systems to the military and surgical theatres for quite a while. The big money was supposed to be made when Microvision licensed the technology to consumer electronics manufacturers so the rest of us could enjoy HUD technology. I worry this will never happen in my lifetime with the companies current management. They have bushels of patents covering direct retinal display and licensing agreements covering MEMs and key LED technology used in the product family. There are some very bright and dedicated employees trying to fulfill the promise of this new display. Yet in the annual reports for years it has been a story of "Any quarter now, Microvision is going to set the world on fire with our revolutionary technology!". We though a few years ago when a couple new high profile individuals joined the board of directors (one of whom I believe made a substantial investment) that the tide might be turning, but that faded.
We have heard rumors that some key employees are very upset with the current president for having squandered Microvision's opportunities.
I think investor fatigue may set in and their burn rate will finally catch up to them. This would be a shame, a promising technology and the creative efforts of many individuals lost because of poor business execution. I hope I am proven wrong.
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My wife has held a position in Microvision Inc stock for over 6 years. It has been a decent return on investment at the current price, however we wish we had sold it when it peaked a couple years ago. In my opinion the company is a classic case of academics never really wanting to stop the fun they have researching a promising technology and release their child into the mercenary world at large. Oh Microvision has been selling "price is no object" retinal display systems to the military and surgical theatres for quite a while. The big money was supposed to be made when Microvision licensed the technology to consumer electronics manufacturers so the rest of us could enjoy HUD technology. I worry this will never happen in my lifetime with the companies current management. They have bushels of patents covering direct retinal display and licensing agreements covering MEMs and key LED technology used in the product family. There are some very bright and dedicated employees trying to fulfill the promise of this new display. Yet in the annual reports for years it has been a story of "Any quarter now, Microvision is going to set the world on fire with our revolutionary technology!". We though a few years ago when a couple new high profile individuals joined the board of directors (one of whom I believe made a substantial investment) that the tide might be turning, but that faded. We have heard rumors that some key employees are very upset with the current president for having squandered Microvision's opportunities. I think investor fatigue may set in and their burn rate will finally catch up to them. This would be a shame, a promising technology and the creative efforts of many individuals lost because of poor business execution. I hope I am proven wrong.