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Neonode, Inc. Message Board

  • vix1830 vix1830 Mar 31, 2014 9:52 AM Flag

    Samsung VS Apple Starts Today / Altucher peredicts NEON buyout $30

    James Altucher, a financial analyst and trader, believes that Neonode's claim could prove key in the dispute between Apple and Samsung. His logic is that Apple is suing Samsung for violating its swipe patent, but that Neonode will weaken its claim with the prior patent filing. "Samsung has been holding up NEON's [Neonode's] patents as evidence that AAPL [Apple] did not invent the 'slide to unlock' feature," Altucher writes.
    This video review of Neonode's N1m mobile handset, which came out shortly before the first iPhone, illustrates the touchscreen technology and its similarities to the iPhone interface.
    Swiping from left to right is universally used as as 'yes' or 'accept' gesture on the N1m. And, as you will see if you fast-forward to around the 4-minute mark, it's used to unlock the phone too, just as you do with a locked iPhone.
    So where can Apple go from here? Altucher's theory is that it will buy Neonode, the default solution of large companies when faced by smaller firms wielding intellectual property they like.
    "I don't know if NEON is going to sue, but clearly at some point a license [licence] has to be worked out, plus a probable settlement for past use. You can't flaunt [flout] the law forever," he says.
    "On this alone I think AAPL could buy NEON for up to 500% of its current price - $30."
    Alternatively, he says, Neonode could press ahead in its own right and enjoy substantial success on the back of its "patent wins". (Neonode owns a number of patents in the e-reader space, for instance.)
    Altucher thus predicts a hefty rise in Neonode's stock price.

    Sentiment: Strong Buy

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