And you assume this is an additive position. It is quite possible that this person replaced someone who quit. This is in no way a positive. It is just a thing.
MVIS doesn't have any A/R, THAT'S the problem.
Yeah, just imagine, because that is as close as Samsung will be to reality. Samsung has already launched a projector phone based on DLP. It is a failure. It's far brighter than the MVIS solution and far cheaper, yet it fails. Projection will never be 10% penetration type product. Too expensive, too much power, and not bright enough. But most importantly, it is not NEEDED. Unlike your phone's camera, you will not use it everyday. So, for a convenience feature, it will never hit mass adoption. Take special notice that AT refers to.Fortune 500, not Fortune 5. Look to the bottom of the list to find this development effort.
Come on. MVIS is in survival mode. They need PR in order for AT to sell more shares. In fact, I would argue that this announcement signals the exact opposite of what you wrote. Sony has thrown in the towel and AT wants PR before that becomes known. Sony has nothing but an R&D effort that is too costly to produce and sell. If only there were a way to bet online about this kind of thing.
....one that is not committed to doing anything with this technology. This is the Sony PR all over again but without development fees! The fact that AT can not get their "partner" to announce their name speaks volumes. Of course a Moto or Amazon or any number of OEMs would engage in a development exercise but like Sony, that does not mean productization. Keep in mind that this MVIS technology is a $100+ adder to the BOM! What CE device can eat that? None. What CE device can pass that on to a consumer at 4x? None. R&D does not equal product.
Got to give AT credit, he can pump shamelessly.
and whose name was on the thing that they showed? MVIS makes (has made for them) an ASIC and a MEMS. Someone, an OEM with a brand name, has to take that base technology and turn it into a PRODUCT that a consumer can use. MVIS can cram a Sony or other prototype engine into a piece of plastic but that does not make a product. There is no Sony PRODUCT available to sample or even view. There are no other OEMs even talking about pico projection. MVIS and more specifically, Alex Tokman, is all hype and no delivery.
just an added FYI, I was at the ASM last year and AT showed a 30 lumen projector engine, crammed into a tablet, then as well. Showing prototype units means nothing, It's not about Gen2.5 or lumens or any spec at this point. Where are the OEMs? These guys have nothing. It's a shame.
No. Nothing has ever happened in the course of human history that would be considered stranger than Apple getting involved with MVIS. Apple will never, ever, look to MVIS for anything.
If I could wager with you, I would mortgage my house and children to do so. There is ZERO chance of anything happening April 1st or otherwise. Sony has yet to announce a customer.
The real mystery about the UPS announcement is that UPS has said nothing! I've never seen a one sided new customer PR. Normally, a UPS spokesperson would be quoted. So, what is the real value of the "deal"? Shipping samples is easy. Production POs are hard. And by the way, given that the Sony engine is not available (per Sony) what did they ship? I think a safe bet is that MVIS shipped a handful of samples and just needed PR. Without UPS commenting, this is another dud.
Sentiment: Strong Sell
H pitches a stock + warrant combo where the stock is immediately separable and profitable at a 12% discount to market and the stock rises! You don't care about the warrants at a 12% premium. Amazing
Mr Tokman, while Russian, understands the nuance of English very well. "products" by the end of the year in no way means PRODUCTION of those "products." He has said this kind of thing time and again. Sony, indeed, announced a "product." They have not announced PRODUCTION, nor have they mentioned orders.
CAPACITY has nothing to do with PRODUCTION. They might be able (capacity) to produce lots of MEMS but neither Sony nor MVIS have orders (production). If they did, we'd have heard all about it.
Great news then. In exactly what product is Sony using this PicoP engine? Their press release certainly made no such reference.
Why would the Playstation need a projector? The gaming experience is all about video quality. Brightness is everything! Games are 1080p, MVIS is 720p. The PS4 plugs into a wall so mobility is meaningless. The cost of a 1080p TV, today, is sub-$400. Who would pay $300 for a projector for gaming on a PS4? No one. Wrong application entirely.
Why is this conservative? 3B what? Mobile phones? There are not 3B mobile phones sold worldwide each year. The number is 1.4B. Of that 1.4B, only 600M or so are smartphones. There is not video out support for non-smartphones. So why do 3% of the smartphones NEED a projector? Samsung has tried it twice and failed. How much available space do you think there is in a smart phone? What about cost adders? At $100 for an engine, that translates to $400 retail, ON TOP of the phone cost. Who is going to subsidize that? What about battery support and heat?
There is a market but when you consider cost, size, battery, heat, industrial design, the share has to be much, much smaller. Taking your example and using Sony as the royalty payer:
1,400,000,000 Market Size (but only 600M can even support a projector)
.03% Market Share for Sony engine
9,000,000 Market Share (Units)
$27,000,000 Annual Revenue
(25,000,000) Fixed Cost
$2,000,000 Profit Before Tax
35% Tax Rate
$2,000,000 Profit After Tax (they will not pay taxes with the carry forwards they have)
40,000,000 Shares Outstanding
Now, MVIS earning ANYTHING would be huge and speculation will be rampant. But remember, to get a design into a major phone brand takes up to two years from TODAY. Typical is 18 months
Great way to "justify" a terrible earrings report.
Here's your error: if anything material was happening, such as a large customer incorporating the Sony engine or if MVIS had another development deal like Sony, MVIS would be required by law to disclose something due to materiality. They don't have to say a name but they do have to disclose material developments.
Unfortunately, because there is nothing material happening, they will not. On the Sony side, Sony DEVELOPED and engine and are shopping it around. They are NOT in mass production of that engine. Sony needs customers for the engine, Sony is NOT a customer. No, the earnings will be more of the same smoke and mirrors.
No. This is not real. Pure conceptual presentation. It's a neat idea but what is on willing to pay for such a concept? You have all of this functionality on your phone, for free.
How long do we have to wait? MVIS runs out of cash this month.
Yes, they do have to announce "earnings." And as usual, like every quarter prior, they will have losses. When will there be business INCOME? That's all they need to talk about but they will not because there is no business. Sad.