Microvision Inc (MVIS)

[Norm2]

A rather unfavorable report by "Seeking Alpha" on MVIS. They are a hedge fund short on MVIS according to the last line of the report.

Probably influences their stand.

http://seekingalpha.com/article/82223-microvision-s-no-show-hands-the-pico-projector-market-to-ti?source=yahoo#comment_form

Last week, Texas Instruments (TXN) and Optoma unveiled their pico projector at the InfoComm show. While to many not familiar with ‘pico projection’ this appeared to be an innovative new product, however to investors of Microvision (MVIS), this is the Death Star.
Microvision is a $200 million market cap company that has posted less than $16 million in sales in each of the past 10 years. In 2007, sales were only $10.5 million and EBIT was a negative $27 million, which was an improvement from 2006s $7 million in sales and a negative $29 million EBIT.

For the past 18 months, MVIS management has been promising to deliver a projector that will ultimately fit inside a cell phone. Texas Instruments just beat Microvision to the market (by at least 6 months). While one can debate whether or not there will ever be a market for a mobile projector with less than 500 lumens (low-end business projectors produce 1,000 lumens), one cannot argue the quality differences between Texas Instruments/Optoma’s product and that of Microvision’s ‘Show’.....
...In the best case scenario, Microvision will proceed to its plan and in 6 months get a firm purchase order which it will then be able to hold up to investors as a basis for additional funds.....

Investors in Microvision need to see the light and realize that the dream is rapidly becoming a nightmare.

Disclosure: Author works in a hedge fund that is short Microvision

I personally am long on MVIS and don't agree with their negative view.

Norman