Microvision, Inc. (MVIS)

Besides the applications other users have mentioned like i- pods and cell phones, I would wager this product will also replace LCD navigation/instrumentation screens for vehicles and fixed machinery. Mini projectors are much more cost effective than LCD displays, produce less heat, and use less power. MVIS projectors are going to be everywhere!

No one needs a mini-projecter yet.

But they will when they see them!

The small projector from Microvision is a technological wonder, they're going to own the market for them, and it will take years for them to climb into the mainstream, and they're going to make money for the whole climb.

+

The technology is i-pod approved....that's all I needed to read.

I saw this talk about sixth sense, and thought, "well, there is a future for microvision."

http://www.ted.com/index.php/talks/pattie_maes_demos_the_sixth_sense.html

We are truly at the turning point in the history of Microvision, that some may call the “validation” phase. Because, that’s what the commercial release and the three purchase orders from global consumer electronic OEMs and the World leading mobile phone operator represent as …

• Validation of Microvision’s laser based PicoP display engine technology, its quality, its reliability, and a viable commercial fabrication & production milestone.
• Validation of performance and quality of PicoP display engine at the core of the world’s first laser based PicoP projector SHOWwx.
• Validation of Corning's green laser technology, its reliability, and a viable commercial fabrication & production milestone.
• Validation of technical and performance superiority of laser based PicoP projector as compared to other two technologies on the market… like DLP from Texas Instruments and LcoS for 3M.
• Validation of consumer preference for Microvision’s PicoP projector: wide screen, high definition, longer battery life, 2D video with fast refresh without motion blur, small physical size and always in focus images for all of video [static, streaming, and broadcast] communications.
• Validation of acceptable safety standard for laser based PicoP projectors in consumer use and adoption.
• Validation of speckle as a non-issue and as virtually non-existent with Microvision’s laser based PicoP display engine.
• Validation of fundamental design flaws of Microvision competitors: low resolution images, faded colors, short battery runs, longer throw distance, and requiring constant manual focus adjustments.
• Validation of Microvision as a product company rather than just a R&D house with 115 issued patents and with many more on file.
• Validation of global consumer electronic OEMs recognizing laser based PicoP projectors as a viable and superior alternative to DLP, LcoS and FLOCS technology.
• Validation of growing demand for Pico projectors from carriers and content providers on a global basis.
• Validation of consumer demand for quality Pico projectors.
• Validation of growing demand for green lasers and the ensuing competition in green laser product arena.

Microvision is ready as a supplier of laser Pico projectors to consumers and Pico display engines to its OEM partners… and offers the best of breed Pico display technology.

There is a very strong possibility that an additional OEM contract [and purchase order] and increased quantities of SHOWwx shipments will be announced on a monthly basis from hereon. In such a case, the PPS may just take-off to new highs for the year and not look back. As we know, there is more demand for Microvision’s pico projector SHOWwx than the supply of green lasers and that bodes well for the mid term future… as there could be monthly announcements of OEM contracts and agreements for rest of the year 2010.

Long Term Risk [over 2 years]: If the company can fast track the volume production of PicoP display engines and SHOWwx laser projectors to a few million units a year [the good case scenario] or survives the “hostile” take-over attempt in the mid-term [precipitated as a result of major supply chain issues], there is no long term issue… because the market is huge and the company has leadership position in four (4) different product categories.

Reward: For those who understand the company’s — business model; the various products; the size [and the pull] of the captive world wide market— the rewards are phenomenal.

Five years from now in 2014, the stock could easily trade in the $300 to $500 range. Here’s an educated projection…

• Worldwide Market Size: 2 billion units [cell phones, laptops, smartphones, iPods, iPhones, camcorders, digital cameras, mobile TV/Projectors etc.]
• Worldwide Market Size: 1 billion units [wearable see thru displays]
• Market Adoption Rate: 10%... 300 million units
• Microvision Market share: 15% of 300 million units… 45 million units
• OEM price: $90 per PicoP display engine
• Revenue: $4 billion
• Net Profit Margin: 40%
• Net Profit: $1.6 billion
• EBITDA: Earnings Before Interest, Tax, Depreciation and Amortization: $1.5 billion [with operating expenses at $100 million]
• Interest Expense: $0 million
• Interest Income: $20 million
• Tax: $220million
• Depreciation: non cash and very small
• Amortization: non cash and very small
• Net Operating Income: $1.3 billion
• Earning Per Share: $13 on a fully diluted basis [100 million shares]
• Price Earning Ratio: 30 for a hyper growth company
• Price Per Share: $390 per share

In my book, the “Risk” is insignificant [may be 2% per year interest in treasury bills as the lost opportunity] as compared to the potential of making 100 times your money in the next year 4 to 5 years… and that is on top of 5 times the money you have already made if you aggressively bought MVIS stock [at 80 cents] when recommended in March 2009.

Alex Tokman, CEO of Microvision, said in his March 6th earnings conference call: "the market demand for PicoP display engines will be larger than the supply."

Anant Goel

Finally getting product out, this technology is going to boom one way or another.

Great technology... will take time to get to market. possible acquisition target

Transition from an R&D company to a manufacturer, and value of intellectual property.

Just received their first PO for pico-projector to be followed by embedded (with MOT, at least) by the end of 2010 and fashion eyeware (HD) by the end of 2011. The only real risk (apart from poor management) is lack of ramp-up by suppliers Corning and Osram (not very likely).

This Company is going to bring out a breakthrough mobile microprojector with really unstoppable technical specifications. I'm watching them for over a year now and the more details I get the more I think that this stock will explode in the next six months and later on rise for the next couple of years.

Let me tell you why:
The whole business of this company is build around a technology called MEMS. To be more accurate it's a MEMS scanning mirror and optical system developed and heavily patented by this company in the last ten or more years. "And boy have we patented it !", Steve Jobs would say at this very moment.

The production process of the scanning mirror is similar to the production of silicon microprocessors. They'll be able to produce a large quantity for a very low price and that naturally results in a very high profit margin.

Let's come to the first mass market product of this company. As said before it's a microprojector called SHOW WX.

How does it work ?
With the aid of the 2D MEMS Mirror the device is scanning a laser beam onto your wall and paints the picture line by line like the oldschool Cathode Ray Tubes inside your old TV.

Why did it take so long to launch this product ?
The microprojector as a whole uses three primary color laser sources. You need red, green and blue, but the market simply didn't offer suitable green and blue lasers, for that reason Microvision only had some monochrome wearable see-through displays on the product portfolio, mainly for military use. Fortunately the needed lasers now are ready to ship. So let the SHOW begin.

Corning Inc. and OSRAM Opto Semiconductors among others developed these lasers for mass production and Microvision has agreements with both of these companies. And let me tell you something important: Among a very high number of possible business opportunities for Corning Inc. the production of these lasers suitable for laser projection is one of a chosen few business areas for the next couple of years. Did you wake up now ?

What about competitors ?
If you look at all the other existing technologies in the field of high quality microprojectors there are no competitors. Existing devices use technologies like DLP or LCOS already found in your standard beamer in the office. The bulb is replaced by a LED lamp and the dlp chip is miniaturized. Generally speaking all these beamers work like the old-fashioned slide projectors, just with a very fast changing image. The weak spot of all that is: You need optics and lenses to focus the image. Everytime you use the projector you have to adjust the focus. Is that a good idea for mobile applications ? No Sir ! Automatic focusing technologies ? Too Expensive !

The SHOW WX is amazingly simple and effective. It doesn't need any optics or lenses and is ALWAYS IN FOCUS because of the laser scanning princible. Additionally the Lasers use less energy than LEDs. On black pixels the lasers are completely turned off. On top of that the lasers bring another exclusive feature with them: They can produce a broader color-spectrum than all your TVs at home.

In my opinion this is really a groundbreaking technology which only waited for being woken up.
If we look at the field of projectors as whole or even the tv market the show wx is only the beginning. Imagine stationary beamers using that technology without the need of pricey bulbs and optics with all the advantages of beamers. Will there be a renessaince of back projection TVs maybe ?

And now imagine the laser scanning engine replacing old-fashioned expensive technologies in laser marking devices in production facilities for example.
Replace the lasers with xray e.g. and think of new medical devices. "What the hell are you talking about ?" you may say.

What I say is: The possibilities are endless !

Thank you for reading !
Sezer Yilmaz

Microvision has been preparing to be a market success for years. They've been taking it slowly and locking up their intellectual properties. With their new picovison projector they finally have a product with mass market appeal that is in production.

Low Sales and Return on Equity

This has HUGE potential to be the next up and coming technology. Cell-phones, video-players, vehicle heads-up-displays, GPS, etc.etc.

Even if it fails in the next couple of years or competitors emerge, the price will go through the roof as soon as any OEM announces a product with this included.

The best technology among pico projectors. Lasers mean it's always in focus, clear, vibrant picture, extremely slim. The hang-up has been the availability of green lasers. Now that Corning and Osram have signed agreements with them and Osram has developed the next generation green laser, all the ducks are lining up. They will launch the standalone product, and they have a clear advantage for embedded because of their slim size, no-heat form and infinite focus. Once they start gaining the lion's share of the pico projector market, it will open up tons of money to continue developing disruptive technologies into the future.

A laser powered projector on a cellphone....you mean no more overhead projectors? What's next, holographics?

Their mini laser projector has the potential to capture most of the projector market. If they are able to come up with an HD version, that should be curtains for a lot of current players. If they are able to incorporate their projector in the iPhone, that should hit the netbook market real bad. They could even get bought over by Apple (my opinion). Their product for Lockheed (Terminator-style eyewear) should find a huge commercial application in gaming. They are making a dent in windshield displays as well. I see them doing very very well in consumer goods market

This company has an AMAZING product due out soon. Everyone who owns an IPOD will want one.

Their laser based pico projector is tiny always in focus, it's much better than comparable products, and will probably end up installed in laptops soon.

This product will make the market soon, and I think it will be huge.

Good tech, emerging Mobile application space