MicroVision: No Surprises at the 2nd Qtr Earnings Conference Call
As I said...
"Don't expect too much... and you won't be disappointed. There's nothing offered... unless they manufacture something in the next few days."
Another CC and another non-event.
The fiasco [and end of contract at fulfillment] with Pioneer should not come as a surprise to anyone. After market HUD is a fickle market at best. I didn't expect much from this contract... and the way it has concluded should come as no surprise. There will be more such contracts and fulfillment in 2013 and 2014. They will add to SOME revenue and nothing much else. What's important to remember, all it takes is one serious customer with deep pockets to embrace PicoP display technology in 2014. Rest will be history.
AT did reasonably well at the CC... considering he had nothing much to say. Watch the burn rate and cash at hand. Rest everything is irrelevant... just like AT continues to be for the last 7 years. When the stars are in alignment, MicroVision will be bought out and we all can say goodbye to our beloved CEO of irrelevancy.
Salary of $350,000per year, plus stock options, don't buy much now a days!!!
Enjoy your evening... the schedule just got pushed another 3 months. Thank God, its not another September next year.