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Meanwhile, back in reality...
After briefly reaching a $5.30 high this morning, the price is testing the critical $5 level. That's what I call a shake!
Tip of a very big iceberg, Aware.
While I'm pumped and do 'preciate the potential of the pending pico projector phenomenon (pardon my paranomeon...I had to p.), I believe that the retinal display will ultimately be a true paradigm shifting medium. I have a 'killer app' for that one and I'd like to see it sooner rather than later.
Today's volume and price spike should put MVIS on investors' radar for tomorrow's session.
I'm smilin'!
Syndiant Receives First Commercial Order
Microdisplay Used in World's First High Volume Laser Pico Projector
Bringing High Resolution to Pico Projectors
DALLAS (September 1, 2009) - Syndiant, enabling consumers to enjoy a large screen experience in handheld electronics, received its first commercial order for the SYL2010, an SVGA (800x600 pixels) and WVGA (854x480 pixels) microdisplay for pico projectors. The initial purchase order, for tens of thousands of units, was placed by Shanghai Sanxin Technology Development Co., Ltd (SSTDC) for use in the world's first laser pico projector to ship in high volume.
Syndiant's patented VueG8™ all-digital smart panel technology will be used in SSTDC's focus-free Laseno™ laser pico projector. The SMP 101 is the first of a Laseno family of laser pico projectors from SSTDC to use Syndiant's technology and will be available in China this month. With a brightness of over 20 lumens output, the SMP 101 supports a wide variety of uses such as viewing presentations, spreadsheets, documents and email by USB connection.
http://www.syndiant.com/pr11.html
Shanghai Sanxin Technology Development (SSTDC) is about to unveil the Laseno SMP-101. Unlike other pico projectors boasting laser capability, which use three different colored lasers, the SMP-101 utilizes a single white laser and a LCoS microdisplay panel. It also supports SVGA (800×600) resolution, a 250:1 contrast ratio and projects images with a brightness of over 20 ANSI lumens, which is brighter than any of the pico projector competitors. It's also focus free. The projector comes with a built in MP4 player with 2GB of internal memory and a USB host connection.
http://blog.jumpintotomorrow.com/?p=2395
More info at the Laseno site: http://www.sstdc.com/EN/product.html
I'm guessing that since the image is projected through what is essentially a small display colors may wash out in larger size projections.
Close @ $4.20! Woohoo!
Been waiting a long time for this!
I think 3 million is a serious under-estimation.
Probably. Pick a number.
3 million Picoprojectors per year by 2013!
SAN FRANCISCO--Pico projectors embedded into products such as smartphones are set to experience a sixtyfold growth in shipments during the next four years, according to a forecast by market research firm iSuppli Corp.
Shipments of embedded pico projectors will rise to more than 3 million units in 2013, up from less than 50,000 units this year, iSuppli (El Sequndo, Calif.) predicted. The firm defines pico projectors as front projectors weighing less than 2 pounds and sized at less than 60 cubic inches without a battery pack.
The capability of picoprojectors to overcome screen-size limitations in mobile electronics devices, projecting a large image despite their small size, makes embedded pico projectors a perfect fit for space-constrained mobile devices, according to iSuppli.
"Mobile electronic devices offer consumers and corporate users the portability they desire, causing an increasing number of users to employ products like smart phones and netbook PCs as their primary platforms for computing and Internet access," said Sanju Khatri, iSuppli principal analyst for signage/projection, in a statement.
"However, a major obstacle blocking the use of mobile devices in this fashion has been their tiny displays relative to desktop PCs," Khatri said. "Embedded pico projectors promise to enlarge these displays, making mobile devices more capable as primary computing and Internet-access platforms."
Pico projectors are likely to find initial acceptance in the corporate market, allowing businesspeople to make presentations directly from their mobile PCs, smart phones or PDAs, according to iSuppli. But the devices also have a strong allure to consumers, allowing large-sized display of video, Internet sites and applications, according to the firm.
Smartphones represent a promising market for embedded pico projectors, iSuppli said, noting that Samsung Electronics Co. Ltd. unveiled a smartphone with a pico projector, dubbed "The Show," at the Consumer Electronics Show in January. Other smart phones equipped with pico-projectors are likely to be introduced soon, iSuppli said.
The Samsung phone uses Texas Instruments Inc.'s Digital Light Processing (DLP) projection technology. Besides DLP and other MEMS display technologies, liquid crystal on silicon (LCOS) technology shows equally strong promise in the embedded pico projector market, according to iSuppli.
Despite the rapid projected growth for embedded pico projectors, iSuppli said they will still account for only a small fraction of overall mobile device shipments through 2013.
"The growth potential for embedded pico projectors will be limited during the next few years due to challenges in areas including power consumption, size and manufacturing," Khatri said. "As these issues are resolved, pico projectors will appear in many more mobile electronics devices."
http://www.eetimes.com/rss/showArticle.jhtml?articleID=219100339&cid=RSSfeed_eetimes_newsRSS
Microvision is invisible in this article, but the numbers (ahem) projected for the market are interesting.
Here are the Coolpix S1000pj projector's specs...
Brightness: up to 10 lumens
Image size : 5 to 40 in.
Throw distance : approx. 26cm to 2m (10 in. to 6 ft. 6 in.)
Endurance (battery life: approx. 1 hour
Resolution (output) : VGA equivalent
http://www.dpreview.com/news/0908/09080402nikons1000pj.asp?from=rss#specs
The light source is LED not laser, so the brightness and throw are limited and the resolution is VGA. A camera with the Microvision PicoP engine would outperform this easily.
What makes this interesting is that Nikon, a leader/trendsetter in the photographic realm, has broken the ice on this pico projector application and it's a natural that others will follow.
Not MVIS tech, but shape of things to come...
Nikon Unveils Pocket Camera with Onboard Projector
We've come a long way from ye olde slide carousel. Though the idea of click-slide-clicking our way through BBQs and beach vacations is so deliciously Mad Men, it's not exactly what you'd call "portable." Nikon's new Coolpix S1000pj camera, however, is a theater in your pocket. In playback mode, you can open a second lens on the front of the camera that casts images and movie clips as large as 40 inches onto any surface up to 6.5 feet away.
Like a pico projector ('cause that's basically what it is), the S1000pj uses an LED light source to bounce the image off an LCD and through the lens. You get one hour of showtime on a fully charged battery. Aside from that, this is more or less your standard point-and-shoot: 12.1 megapixels, 5X zoom, image stabilization, 2.7-inch LCD, et cetera, et cetera, et cetera.
The S1000pj will be available in September for $430.
http://www.popsci.com/gear-amp-gadgets/article/2009-08/nikon-unveils-pocket-camera-onboard-projector
Proposal Three--Amendment to the Company's Certificate of Incorporation
The Company's Certificate of Incorporation currently permits the Company to issue up to an aggregate of 150,000,000 shares of capital stock, consisting of 125,000,000 shares of common stock and 25,000,000 shares of preferred stock. On July 19, 2009, the Company's Board of Directors unanimously approved an amendment to the Company's Certificate of Incorporation to permit the Company to issue up to an aggregate of 225,000,000 shares of capital stock, consisting of 200,000,000 shares of common stock and 25,000,000 shares of preferred stock. The text of the proposed amendment is set forth below.
As of June 30, 2009, there were approximately 76,163,000 shares of the Company's common stock issued and outstanding and approximately 20,861,000 shares of common stock reserved for future issuance under the Company's outstanding options, warrants and convertible securities. Thus, approximately 27,976,000 authorized shares of common stock currently remain available for issuance.
The Board of Directors would like to increase the number of authorized shares of common stock to provide the Company with flexibility to issue shares of common stock for general corporate purposes, which could include, among other uses, financings, strategic partnering arrangements, equity incentive plans, acquisitions of assets or businesses, stock splits or stock dividends. The availability of additional authorized shares of common stock would allow the Company to accomplish these goals, and other business and financial objectives, in the future without stockholder approval, except as may be required in particular cases by the Company's charter documents, applicable law or the rules of any stock exchange or other system on which the Company's securities may then be listed. In addition to the more traditional uses described above, the Company could issue shares of its stock as a defense against efforts to obtain control of the Company. The Board of Directors does not intend or view the increase in authorized shares of stock as an anti-takeover measure, nor is the Company aware of any proposed or contemplated transaction of this type.
If this proposal is approved, the newly authorized shares of common stock would have the same rights as the presently authorized shares, including the right to cast one vote per share of common stock. Although the authorization of additional shares would not, in itself, have any effect on the rights of any holder of the Company's common stock, the future issuance of additional shares of common stock (other than a stock split or dividend) would have the effect of diluting the voting rights and could have the effect of diluting earnings per share and book value per share of existing stockholders. If this proposal is not approved, the Company may be limited in its ability to respond quickly to opportunities to engage in various transactions involving issuances of common stock, such as financings, strategic partnering arrangements, equity incentive plans and acquisitions of assets or businesses.
If approved, the first paragraph of Article IV of the Company's Certificate of Incorporation will be amended to read in its entirety as follows:
"The total number of shares of capital stock which this corporation shall have the authority to issue is two hundred twenty five million (225,000,000) shares, consisting of (i) two hundred million (200,000,000) shares of common stock, $.001 par value ("Common Stock") and (ii) twenty five million (25,000,000) shares of preferred stock, $.001 par value ("Preferred Stock")."
Approval of this amendment to the Certificate of Incorporation requires approval by a majority of the outstanding shares of common stock. As a result, abstention and broker non-votes will have the same effect as a vote against the proposal. Holders of shares of the Company's common stock do not have appraisal rights under Delaware law or under the governing documents of the Company in connection with this proposal.
THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR" THE APPROVAL OF THE AMENDMENT TO THE COMPANY'S CERTIFICATE OF INCORPORATION.
A buck? ROTFLMAO!!!! I'll be happy to see it get back to .20!
The usurper-in-chief and the braindead dems in Congress are destroying our economy and I don't want to be holding this when the fan gets so encrusted that it stops.
China's announcement that it was ending it's stockpiling of metals and other resources gave commodities a nice dip yesterday, so I piled on more PVX and SLW. Check 'em out.
PVX in particular is a great deal. It's a Canadian energy (oil/gas) trust and distributes cash at .055/mo (USD) giving it a yield over 10%!! Tracks oil/nat.gas prices and since it's Canadian there's an additional benefit from a falling US dollar.
ROTFL! Still at it, ol' chum? Have you followed the money lately?
http://www.sec.gov/Archives/edgar/data/1006459/000114420409035055/xslF345X03/v153664_ex.xml
More shares for Cornell...er...YA...er...BHN. Huh?
Oh, right...you didn't know that Angelo moved his operations to Milan? Climate's much better there (for hedge funds) it seems.
http://www.borsaitaliana.it/companyprofile/en/319.pdf
Yorkville BHN SpA is listed on the Milan exchange, but it's not doing very well.
http://www.yorkvillebhn.com/bhn/yorkville_bhn/gruppo.php
Another whacko runup today.
Ran from $2.75 to $3.19 and it looked like it might trickle back down but it's moving again. Here are the trades that were 10k shares or more so far:
06/30/09 10:26:43 2.82 2.82 2.87 19400
06/30/09 10:26:43 2.81 2.82 2.87 15400
06/30/09 12:25:20 2.75 2.75 2.77 10200
06/30/09 13:32:26 2.76 2.74 2.77 10100
06/30/09 13:37:46 2.75 2.74 2.75 10000
06/30/09 13:39:34 2.75 2.74 2.75 10800
06/30/09 13:42:27 2.75 2.74 2.76 11200
06/30/09 14:10:38 2.89 2.88 2.89 12350
06/30/09 14:12:36 3.00 3.00 3.01 23077
06/30/09 14:12:40 3.00 3.00 3.01 11500
06/30/09 14:14:32 3.00 3.00 3.01 10000
06/30/09 14:17:00 3.04 3.03 3.04 10000
06/30/09 14:18:25 3.04 3.03 3.04 10000
06/30/09 14:19:52 3.13 3.10 3.13 18100
06/30/09 14:20:51 3.12 3.09 3.12 10000
06/30/09 14:22:56 3.13 3.12 3.13 10000
I missed this one...busy buying more SLW, PVX and IPI on this morning's dipideedoo China announced that it has stopped stockpiling metals and other resources so the commodities took a hit.
Sure, ya want to think that's the case. But why pay a premium to the ask and buy shares all at once like that? Smart money has a broker buy a position throughout the day in smaller chunks. If it was a buy, they're already underwater.
So if yer gonna tout, do it right and say that the big buyer must know something is imminent. LOL!
WTF???
Whacko high-volume trades today.
06/24/09 10:29:39 2.84 2.85 2.79 13196
06/24/09 10:37:15 2.90 2.87 2.89 37483
06/24/09 13:21:58 2.8699 2.86 2.87 162007
The trade at 13:21 is nearly a half-million dollars in value!
The devil is in the details...
If you sort the data by date, you'll see that there are only 7 transactions this past quarter:
PACIFIC WEST FINANCI... 3/31/2009 82,000 15,850 23.96% $146
MFC GLOBAL INVESTMEN... 3/31/2009 69,283 28,310 69.09% $123
METLIFE SECURITIES, ... 3/31/2009 2,000 (335) (14.35%) $4
INGALLS & SNYDER LLC 3/31/2009 10,000 0 0.00% $18
CALIFORNIA PUBLIC EM... 3/31/2009 155,920 53,780 52.65% $278
BLACKROCK INVESTMENT... 3/31/2009 187,100 13,000 7.47% $333
AGRAN LIBBIE 3/31/2009 10,000 10,000 New $18
I'm not familiar with your 'vip letter'. Can you please explain? PM is fine if you don't want to lay it out here.
Chill, dude.
'Alas' in reference to the context, which was the fantasy of the anomalous print this morning. I've been following MVIS from the very beginning, and I'm very, very long. I also trade the swings.
Here's why I'm confident:
http://www.microvision.com/displayground/?p=658
Alas, reality has returned.
Looks like a retracement today from yesterday's mystery spike.
WTF? MVIS 1000 shares traded at $5.24 pre-open.
Sure makes my portfolio look good!
No news or filings that I can find so far.
Any idea what's driving the runup? More than a double from the price collapse in March.
I'm watching closely with my finger on the trigger because I think the market's rally is gonna end suddenly and soon. Loaded up bigtime on FAZ under $9.
I don't know if this is MVIS technology, but it's an interesting (and exciting) application.
http://www.ted.com/index.php/talks/pattie_maes_demos_the_sixth_sense.html
http://www.pranavmistry.com/projects/sixthsense/index.htm
Things that make ya go 'hmmm' department...
Very strange price action at eod. The price had climbed to the day's high of $23.60 at around 3pm, then it declined to around $21, trading almost 18mm shares. But in the last eight minutes the price collapsed to just over $19 on 4mm shares traded. Stranger yet is that a significant number of those 4mm shares traded at the ask.
The time to buy is when there's blood on the street; preferably not your own. I'm in bigtime because Geithner is an idiot, and Bernanke hasn't a clue. That makes a spike in FAZ inevitable; hopefully sooner rather than later. Note that this BofA insider agrees that Geithner's recycled Paulson plan is doomed to fail.
Bank of America's Bernstein Says Sell Bank Stocks After Rally
By Eric Martin
March 23 (Bloomberg) --
Investors should sell bank stocks after they rallied 12 percent today because the Treasury Department's plan to buy toxic assets won't stop profits from dropping, Bank of America Corp.'s Richard Bernstein said.
Removing devalued loans and securities from banks' balance sheets is a short-term solution that will delay the problem's ultimate solution, which is bank takeovers, Bernstein said. The government won't be able to inflate the prices banks receive for selling bad assets indefinitely, he added.
"The history of bubbles shows quite well that financial sector consolidation is inevitable," Bernstein, Bank of America's chief investment strategist, wrote in a research note. "Financial stocks will be attractive when the government tries to speed up that inevitable process. However, to the contrary, the government continues to attempt to stymie that inevitable consolidation."
The Standard & Poor's 500 Financials Index has climbed 51 percent since March 6 after Citigroup Inc., Bank of America Corp. and JPMorgan Chase & Co. said they've become profitable. The measure surged 12 percent as of 3:10 p.m. today in New York.
Bernstein compared the U.S. plan to Japan's response in the 1990s, when the government, faced with public opposition to its bailouts of banks, waited before trying to fix its financial system. That resulted in the "Lost Decade," in which economic growth averaged less than 1 percent a year and the unemployment rate more than doubled.
The Obama administration unveiled its plan to remove toxic assets from the books of the nation's banks earlier, betting that it can revive the U.S. financial system without resorting to outright nationalization.
The plan is aimed at financing as much as $1 trillion in purchases of illiquid real-estate assets, using $75 billion to $100 billion of the Treasury's remaining bank-rescue funds. The Public-Private Investment Program will also rely on Federal Reserve financing and Federal Deposit Insurance Corp. debt guarantees, the Treasury said in a statement in Washington.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ay0Xgdn2tUK8
Any port in a storm. The Geithner Bounce won't last very long, so we'll know soon enough. Anyway, it's not unreasonable to attribute the price collapse to the 'market' as well.
Classic head and shoulders pattern formed from December is scary, but it looks poised for a little upswing. Some good news would help.
Meanwhile, I'm buyin' silver today--SLV, SLW and more of the real thing.
For a new investor, maybe. For old timers who are way underwater, it sux. One of these days Cornell (I'll never get used to their new name) will take it for a run and I might just get back to where I came in. If that happens, new investors could see a double.
I'm buyin' SLW today on a silver/gold retrace. Silver/gold ratio is way out of whack. When it inevitably corrects, silver will soar.
Heaps of cash? Well, depends on what you mean by 'heaps'. LOL!
I've been trading MVIS for many years and I absolutely believe that the company is destined for the bigtime. They have a number of essential patents and the time is right for some of 'em, recession notwithstanding.
Fear and loathing over Obama's crapulus has collapsed the market and I'm caught with a stack of shares at a buck and a half average. Was gonna pull the trigger on more when it dropped to 1.36 today, but decided to hold off.
Made some money this week with SKF--not as much as I wanted, but these days any gain is welcome.
WTF?
At 3:44:09 there was a monster print of 326,548 shares @ 1.675 (bid 1.67/ask 1.68). This one $547k trade three quarters of the day's volume.
I bought some more on the dip today. Also picked up some DBC under $20.50. Commodities are bottomed and it looks like a triple bottom in DBC's chart.
Indeed. Not so much yesterday...only 150k shares traded; but there was significant volume at eod today. Nice to see it over a dime.
I wonder if there's anything in the Democrat's generational theft bill for HOMS. I haven't had time to read all 647 pages. I wonder if anyone (including the fools who voted for it) has read it.
Here's a PDF of S.336--the Senate version to be crammed down our throats next week:
http://readthestimulus.org/s336_012709.pdf
There's a billion dollars for 'weapons activities' of the National Nuclear Security Administration.
There's $1.2 billion for 'aviation security' at the TSA.
...and so it goes. How stimulating!
Nobody really knows about pricing yet. Here's a ballpark estimate from last April:
The PicoP engine will cost around $100 as a component to include in another device, while Tokman reckons that a standalone projector will cost around $300. The technology is also being explored for use in head-up displays in cars, where its focus-free nature, high contrast and dynamic range will be appropriate.
http://www.rltec.com/cms/data/files/documents/April%202008/iet_news.pdf
More recently we find this in the Microvision SHOW WX faq:
Q: What will the price be?
A: Final retail pricing has not been released but is expected to be between $400 - $500 U.S., depending upon final configuration.
http://www.microvision.com/showwx/faq.html
There's not enough volume to say that the buying is a result of that (lame) rumour. I'd put more credence in finding a pending PicoP page at the Ingram site.
I trade from the charts rather than rumours and so do many others. The chart sez 'buy'...actually it's been screaming 'BUY!!!' for the last few sessions. LOL!
I'm in bigtime (again) at an average of a buck and a half. I'll sell when the chart sez to sell, probably somewhere north of two bucks. A solid announcement could send it over three.
MVIS today...
I hate to suggest this, but it seems that the only thing that will move HOMS out of it's pathetic range would be some kind of radiological threat--a reactor leak or terrorist nuke attack (God forbid!). It's fallen off everyone's radar and in this economic climate there are no announcements that McMillen could make that would generate enough volume to move the price significantly. Even positive financial numbers are lost in the trillions of dollars that the fools in Washington are spending with their big pork sandwiches.
Ok. Your brief comments are a bit cryptic.
I believe that MVIS is at the beginning of an upswing into the two-dollar range. Look at a chart and it's quite evident.
This is a great company with a number of paradigm-shifting patents and products. It's a shame (crime?) that the economy is tanking or MVIS would already be halfway to the mooooooooooooon!
Ya gotta be quick though. The swings here don't last very long.
Important? Why not share it, stormydude?
A photo of McMillen with the presidential Øbamanation at 'court' would be the best PR this Cornellian trash could have. LOL!