Calm down ther cowboy....Just read all the tech publications that speak of the ddom of the smartphone as SG becomes mainstream. Driving is a perfect example of where texting is already outlawed in some States unless you have a handsfree device which is used by voice control.
Late friday afternoon where the stock which had already been doing well in the morning took a big leap forward in volume and price.Normally going into on a 3 day holiday (Marin Luther King) stocks tend to be motionless save for news of some sort.And in asking the board what could be the reason the only answer I got was Google. But the news on Google broke Thursday morning . We all are aware that Paul intends to apply for uplisting. We know that Paul is presenting at Noble on Monday(which can be heard live at the Noble website.)
Befoe r the Intel news the stock moved within a week on higher volume and went from 3.20 which it basically was for months traded on little to no volume.Then it moves quickly to 4.50 on increased volume on no news.Somebody knew something. And on Friday we saw a similar move just in a few hours. Somebody knows something.It is hard to imagine that things happen like this just because a guy hears about this little great company and plows money in right before a long holiday. Safe to say that person or persons who were buying heard a rumor or even got substantiated information.
I will be the first to admit it was simply nothing if on Tuesday we do not find out some reason for this. But all my years of experience and watching patterns of stocks that move on no news gives me a reasonable hope that news is coming this week for sure.Not that we all here don't already expect that but because the trading in the last hour most likely confirms that. Good luck longs.
I know he was a guest speaker aside from having a booth. And FYI this coming Monday at 12:30 he will be presenting at the Noble Conference and that will be available live at the Noble website.
At CES last week all the talk was about wearables. The idea to the reality is now hitting home with tech publications and Wall street that there is something finally moving quickly now towards accepting that this could be the 'Next big thing'. That does not mean that it's gone mainstream but it is now only a stones throw. Amazon has just started to carry m100 and already it is selling out.Little was known about the World Wide Web until AOL offered a unlimited plan. The Smart phone will be left in the dust as wearables make their move into the mainstream. and why not. Google knew having a hands free device would be revolutionary they just stumbled where Vuzix has essentially gone first to market. They are now considered the leader in the field. And the great thing for we stock holders is much of Wall Street knows nothing about us yet !!!!
play out its plan. The company competes with Epson in the enterprise market and possibly Google with its Glass. Other competitors will range from Sony to Brother to Oculus. Vuzix's claim is that its headsets and glasses are smaller and more easily integrated into a worker's life. It's worth noting that the Osterhout Design Group (ODG) announced its smart glasses aimed at the consumer market. ODG has sold its R-6 device to government and industrial companies for 18 months. The company added that it will be selling a Qualcomm Snapdragon version of the R-6 this year.
Vuzix said in its regulatory filings:
There is competition in all classes of products manufactured by us, including from divisions of large companies and many small companies. Our sales do not represent a significant share of the market for any class of products. The principal points of competition for these products include, among other factors: price, product performance, the availability of supporting applications, the experience and brand name of the particular company and history of its dealings in such products. We believe that most of the monocular Video Eyewear products currently offered by our competitors are inferior to ours because they are bulky, have smaller image sizes with lesser performing optics and/or are currently priced higher than our products.
Here's what Vuzix has going for it:
A co-branded deal with Lenovo for its M100 Smart Glasses in China.
A software update for the M100 that integrates Nuance voice controls.
Efforts to develop wearable enterprise tools under Salesforce Wear.
Various pilots with key tech players such as SAP.
What Vuzix didn't have is cash. Intel took care of the deficits for a bit. Now Vuzix will have to deliver to fund further expansion.
Topics: CXO, CES, Hardware, Mobility
About Larry Dignan
Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio
Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.
Join the discussion
Log in1 person following
+ Follow conversation
Post comment as...
Newest | Oldest | Hottest Comments
Conversation powered by Livefyre
Add your Comment
Download: Year-round IT budget template
Use this template to track spending, monitor unplanned purchases, categorize expenses, and more.
Get this time saving template now. »
GCHQ, NSA cyber war games will test bank security
São Paulo IT workers want pay rise of 10.5 percent in 2015
Neo4j graph database firm Neo Technology gets $20m lift
Interested in collaboration software? Nine things to think about
The best of ZDNet, delivered
Get the best of ZDNet delivered straight to your inbox
ZDNet Announce - US ZDNet's Announce newsletter offers a mix of stories, special offers and members-only benefits.
Every stock after a almost 75 percent gain pulls back a bit that is healthy. No stock just goes straight up for wees on end unless it's just speculative buying.We all are cash tight but if you are lucky enough to have some cash the buyers coming in will help to consolidate the stock for strnger future moves.
The Irony of ironies is that if you Google'Smart Glasses' Vuzix is at the very top of the search list.lol
This is not just some consumer wearable gadget for entertainment purposes. This has business applications written all over it. The amount of information and convenient applications are inummerable. And what about the world market.. Sales for this will explode all over the planet.Do you think the World Wide Web did not have it's foes. It really wasn't until AOL allowed for no use limits that the technology was ready to move into the mainstream.Now there are just some kinks to be worked out but technology has always showed it's all about timing and it is now time.
Intel buys stake in Vuzix. Vuzix called by peers as best art and Amazon is sold out. Stock is ready for uplist easily.And the float is silly small as well as the market cap. It is not a matter of if but when the Smart Glass sector goes mainstream and practically eliminate the smart phone. And the caveat is that Google supposedly the monster in the room the leader of tech ingenuity is being pummeled by this little ole company named Vuzix who in every search is at the head of the search lists for wearable smart virtual imaging and this is why Intel made the move of the year and we are just here for the ride. THE REVOLUTION HAS BEGUN!THE NEXT BIG THING HAS BEGUN! regards Cane
SOLD OUT ! New shipments on the way.