Thanks King-- Yes two good "takeaways" For the third consecutive year I attended the NAB Convention, and spent quite a bit of time at the Chyron Booth. This year we had an excellent booth location (first floor Soth Hall near the main entrance and next to the Microsoft Booth.) In previous years we were on 2nd floor towards the middle-- I had good conversations with MWW, Kevin Prince and Roger Ogden---I would say that notwithstanding difficult industry and overall economic conditions that there is a general feeling of optimism concerning Chyron prospects---This not only on the part of senior management but also among the very enthusiastic sales, engineering and product development specialists that I had the opportunity to meet at the Booth.---
As always, with respect to Chyron or any stock for that matter, everyone should continue to do their own due diligence paying special attention to risk factors summarized in S.E.C filings--- At this time I personally am planning (always subject to change without notice) to "play the hand out" with Chyron into 2011--- Clearly, there are risks, however in my opinion outweighed by potential rewards for patient investors that can deal with the volaitility and the illiquid nature of the stock. I would encourage anyone interested in this stock to not look back, but approach this (or again any stock that one holds) with where it is now and where one feels it can be within one's own personal time framework-- Bottom line ask the question ---would I buy this now if I didn't already own it?
A very good summary of Michael's current thinking can be found in the investor letter in the 2008 Annual report on the Chyron website--
Camino, I am curious, in your conversations with MWW, did he ever mention anything about ChyTV prospects nearterm or down the line. I read his annual letter to shareholders, and it seemed that they are pinning their future entirely to growth in the Axis space. There was not a word about ChyTV, or digital signage prospects now or in the future for either venture let alone anything going on with their other strategic partners.
I hope you are well---tough game for the Red Sox last nite!
With respect to your query, it is my perception that ChyTV is very much alive and that we are gaining some traction especially in the sports stadium/arena market---my understanding is that ChyTV is being integrated with AXIS with potentially very positive implications----
MWW seems to be very optimistic concerning AXIS and its potential---I would anticipate that Michael will be amplifying on his comments contained in the Letter to Shareholders---2008 Annual Report---at the AeA Microcap Conference next week, and on the upcoming conference call. Best regards to you and all.