NEON may brighten your future
Folks have been asking about Neonode (NEON), a small display manufacturer with some pretty ugly financials. Ugh! Who needs another display manufacturer in this competitive environment and what serious contender would want to do business with them given their small size and financial weakness? Well, someone who doesn’t want their stuff sharing parts with their competitor offerings might be interested. Companies looking for a price advantage or dedicated distribution channel might also take a tumble. So who might fall into this category? Anyone with real market clout wouldn’t take a chance on such a tiny startup with hardly any capital backing, would they? Well, rumor has it that a serious contender in the mobile space is doing just that. Microsoft (MFST) is rumored to be seriously talking about using this company’s products for its surface and other upcoming mobile offerings. So what does this mean for Neonode? Earnings estimates that I’ve seen range from $0.80-1.40 in 2014 and these numbers may nearly triple going forward if Microsoft achieves its planned mobile market share. If you add in the pessimistic outlook of the street and the short squeeze potential here you may very well see a big fat multi-bagger.