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MDB Capital Initiates Coverage of MVIS with Buy

MDB Capital initiates coverage on Microvision Inc. (Nasdaq: MVIS) with a Buy rating and $6 price target. The firm said, "Microvision, Inc. (MVIS) has undertaken a protracted campaign to bring laser-based, scanned-beam displays to market (in a micro form factor) using its single-mirror, micro-electro mechanical systems (MEMS) expertise as a key differentiator. Now with a dynamic new management team and a focused operating strategy, built around the world's smallest scanned-beam photonics engine, the company seems poised for exciting growth."


At December 8, 2006 at 1:00 PM Anonymous said...

Hello Ben,

Isn't MDB the guys who did your last placement?
If so, can they be considered objective?

Another question: What is the significance of the CES?
I am assuming that you already are in contact
with, and making demos to potential customers.

-Howard O.

At December 8, 2006 at 2:21 PM Ben said...

Hi Howard,

MDB was the underwriter for our 2006 financings. I would suggest that you read the report and evaluate it on its own merits. The disclaimer at the end of the research report states the following:

The analyst(s) whose name(s) appears with an * on the front page of this report certifies that the views expressed herein accurately reflect the analyst's personal views as to the subject securities and issuers, and further certifies that no part of such analyst's compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by the analyst in the report.

The closing price listed on page one is the closing price as of the last business day immediately prior to the date of this publication.

The analyst(s) responsible for this research report has received and is eligible to receive compensation, including bonus compensation, based on MDB Capital Group LLC’s (“MDB”) overall operating revenues, including revenues generated by MDB’s investment banking department. Our brokers and analysts may make recommendations to their clients and our affiliates may make investment decisions that are contrary to the recommendations contained in a research report. Such recommendations or investment decisions would be based on the particular investment strategies, risk tolerances and other investment factors particular to a client or an affiliate. In the normal course of its business, MDB seeks to perform investment banking and other services for various companies and to receive compensation in connection with such services. As such, investors should assume that MDB intends to seek investment banking or other business relationships with the companies. Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. Because of individual client objectives, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change. The report is not to be construed as an offer or the solicitation of an offer to buy or sell the securities herein mentioned. From time to time, MDB, its affiliated entities and their respective directors, officers, employees or members of their immediate families may have a long or short position in the securities mentioned in this report. These securities may be sold to or purchased from customers or others by MDB acting as principal or agent. MDB does not make a market in this stock. MDB managed public offerings of MVIS securities in May 2006 and November 2006 and received compensation from MVIS in relation to those transactions.

Re: CES, this will be the first time that our newest ultra-small IPM design will be publicly displayed.


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