Neonode Inc (NEON)

[mfcav01]

Joe 1988, How do you know that "Now there isn't only competition there is something way better" Amazon bought the company that makes this new interface back in Feb. 2010. They have planned for this for a while. It is proprietary, so that other companies can't use it or even copy it. It is unclear how the market will respond to it or if it is stable in cold weather. The e-reader market is growing in other countries where Amazon is not so dominant.

From my standpoint, the money is in other markets...specifically cell phones. Neon has the potential to upgrade the low end or feature phones to touch phones for about the same cost. ~1 billion of these phones were sold last year. Neon mentioned Nokia and Motorola in the last cc. In addition, there is a growing demand to use smart phones as e-readers. The problem, however, is that smart phones have too short of battery life for this purpose. Neon offers a solution by using it's technology to allow smart phones to convert to ir touch for the e-reader function. This would then require minimal battery consumption. Apple is moving in this direction, but has it's own proprietary means to accomplish this. There were over 600 million smart phones sold last year.

IMO, just sit back and wait for another 1-2 quarters and I believe that we will have announcements in this market. GLTA