Microvision Inc (MVIS): Searching for some 'good' MVIS news, I f...

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Thursday, 11/04/2010 10:29:08 PM

Thursday, November 04, 2010 10:29:08 PM

Searching for some 'good' MVIS news, I found this in the most recent 10Q:

On October 29, 2010, we entered into an agreement to purchase a patent portfolio containing 195 patents and patents pending from Motorola, Inc. to complement our current portfolio of pico projection and display patents. Under terms of the agreement we issued approximately 830,000 shares of Microvision common stock and are obligated to make cash payments of $220,000 in June 2011 and $330,000 in June 2012.

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