Site Network: Home |

Things that struck me about today's call: The tone was extremely confident and assured. There is no doubt in these guys' minds about the path they're on, or their chances for success. We can hear a firm conviction from Tokman about 3rd Quarter being the real kickoff for the new Microvision. Other thoughts:

1. There will be a MicroHUD commercialization agreement with a Tier 1 automotive integrator during the 3rd Quarter. That means that between now and September 30th, Tokman expects to have an agreement in place that will put cars on the road with Microvision-inside. This will lead to improved earnings visibility and provide critical third party validation that Microvision's technology platform has value to customers.

2. Expects government contract to be signed in Q3. Again, between now and September 30th, Tokman expects the "full fruition" of the government strategy to be achieved.

3. Multiple agreements with OEMs and Tier 1 integrators for PicoP, AutoHUD and AeroHUD are in advanced stages of discussion. These agreements are multi-phase, multi-year contracts targeting not just the delivery of prototype devices, but full commercialization agreements for PicoP and HUD applications.

4. Newly designed PicoP IPM configurations can be embedded inside a Motorola RAZR cell phone. (The entire PicoP IPM, including light sources, electronics and the scanning mirror would have to be about the size of a dime to achieve this. Pretty awesome.)

5. The company is currently designing a successor to Nomad, a Color Eyewear product based on the IPM. This eyewear display will have ergonomics and cost structure to achieve rapid adoption across targeted market segments.

6. Tokman is planning global product introductions for PicoP and HUD. Multiple OEMs, multiple regions around the world all introducing Microvision technology at around the same time. Tokman is not going to sell the golden goose to just one company. He is employing a strategy designed to maximize the long-term value created by the PicoP and HUD IPM configurations. The dimensions of upfront revenue, OEM exclusivity windows and product sales royalty rates are being balanced to achieve the maximum benefit to Microvision.

7. You don't get to point 6 unless there is strong and serious interest in putting an agreement in place on behalf of these OEMs and Tier1 integrators.

BOTTOM LINE: Something good is going to happen soon. And then, the flood gates will be open.


At August 3, 2006 at 8:10 PM helloseth said...

Thanks for the great summary.

I about choked when they erroneously said a burn rate of 17 million in the last quarter. Glad it's 7.

This was the first time I heard of AeroHUD. Very interesting. I think that it could radically change the general aviation cockpit, and commercial cockpits too. But things move very slowly in the GA market.

But imagine if Boeing or Airbus get interested, AeroHUD for the cockpit, PicoP for the passengers. Flip down the tray, and project your movie on the part of the tray. Or from the tray up to the back of the seat.
The big, big thing for the airlines would be power usage, and weight. Both would be nothing for the PicoP. Less power, weight, heat.

Think of it. If you could put the PicoP in the overhead, like by the lights and air vents, the seats would be much, much simpler, and lighter. Boeing needs the PicoP for each seat in their new 787 Dreamliner!!!

Isn't Boeing still in Washington state?

Think of it. 500+ 787 airliners, with avg 250 seats. 125k PicoPs. GIVE them away at cost, 'cause just about everyone who uses one will want one for their car/phone/home.

For an extra fee, you can rent the color eyeware to see Angelina Jolie's latest movie, up-close and personal. ;-)

At August 3, 2006 at 9:25 PM helloseth said...

Man, can't go to sleep now.

The 787 could have the picop in the overhead, next to the light and air vent.

Drop down the tray, for a screen.
Have an embeddded 'click-wheel' ala ipod, in the tray for control, with IR transmittion to the PicoP.

Use power to the tray/controller. No communication cables to the PicoP from the controller.

Only difficult problem I see (after all of 30min thought...) is how visible the PicoP image would be if the guy at the window leaves it open.

At August 3, 2006 at 9:45 PM Anonymous said...

Exciting stuff Ben! Thanks for posting notes from the CC. Huge things in the works. I can sleep well tonight.

At August 4, 2006 at 8:39 PM Anonymous said...

being enthusiastic is one thing but being patently wrong is another, please put things in the correct perspective when u have a blog u have a degree of responsibility for doing that. I'm also someone who has believed in the potential of this company for a long time. But seriously this earnings call was really nothing but promises the most striking thing i found was total lack of concreteness. The next quarter will be crucial for microvision they really have to come up with something solid by september 30th or this company is dead.

At August 4, 2006 at 10:19 PM Ben said...

it boils down to whether you believe Tokman when he says there are deals coming soon, or not.

I fall into the believer camp.

everybody should do what's best for them.


Post a Comment

This website does not recommend the purchase or sale of any stocks, options, bonds or any investment of any kind. This website does not provide investment advice. Disclaimer and Notices: Disclaimer: This website may contain "forward-looking" information including statements concerning the company's outlook for the future, as well as other statements of beliefs, future plans and strategies or anticipated events, and similar expressions concerning matters that are not historical facts. The forward-looking information and statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, the statements. The information on this website includes forward looking statements, including statements regarding projections of future operations, product applications, development and production, future benefits of contractual arrangements, growth in demand, as well as statements containing words like believe, estimate, expect, anticipate, target, plan, will, could, would, and other similar expressions. These statements are not guarantees of future performance. Actual results could differ materially from the results implied or expressed in the forward looking statement. Additional information concerning factors that could cause actual results to differ materially from those in the forward looking statements are included in MVIS most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission under the heading 'Risk factors related to the company's business,' and our other reports filed with the Comission from time to time. Except as expressly required by Federal securities laws, MVIS Blog undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events, changes in circumstances, or other reasons. Legal Notice: Although considerable care has been taken in preparing and maintaining the information and material contained on this website, MVIS Blog makes no representation nor gives any warranty as to the currency, completeness, accuracy or correctness of any of the elements contained herein. Facts and information contained in the website are believed to be accurate at the time of posting. However, information may be superseded by subsequent disclosure, and changes may be made at any time without prior notice. MVIS Blog shall not be responsible for, or liable in respect of, any damage, direct or indirect, or of any nature whatsoever, resulting from the use of the information contained herein. While the information contained herein has been obtained from sources believed to be reliable, its accuracy and completeness cannot be guaranteed. MVIS Blog has not independently verified the facts, assumptions, and estimates contained on this website. Accordingly, no representation or warranty, express or implied, is made as to, and no reliance should be placed on the fairness, accuracy, or completeness of the information and opinions contained on this website. Consequently, MVIS Blog assumes no liability for the accompanying information, which is being provided to you solely for evaluation and general information. This website does not contain inside information, proprietary or confidential information learned or disclosed as part of employment relationships or under nondisclosure agreements or otherwise.