vinny, I don't know why anyone does anything but myself. Shorts were her when Neonode was 7ish and are still here. Maybe it's not the shorts that caused the SP to drop? Maybe it's institutions rebalancing their portfolios? Maybe longs left out of frustration? Maybe the BS SA article? Maybe some of each? No one believes that "huge' revenue is right around the corner. I expect that most believe that revenues will now incrementally slowly increase going forward with a small bump in q4 relating to seasonal purchases, and that Neonode will reach profitability sometime in 2015.
It's easy to blame management for all the ills of the company just like it is easy to blame government for all the ills of the economy, but perhaps the relationship is simply coincident and not cause and effect?
Dog, Getting new IR and PR and at the same time putting the pomm pomms down is a bit of an oxymoron. What you are asking for are bigger pomm pomms (more PR), yet less "phantom OEM deals".
It is challenging to know whether you can be educated to understand this technology and how licensing deals work. First, Neonode is not a supplier, they are a licensor of their proprietary technology. This has been a problem for OEM's, as OEMs are simply assemblers. They "source" all parts and simply assemble them and attach their names to the finished product. So Neonode shows an OEM their technology, and the OEM says "great, we will need 2 million of these 3" displays for product X". Neonode says "you don't understand, we don't make the parts, and they are not available in the supply chain yet. We just want to license the technology to you so that you can make the parts". Company X says " I like your product, but come back when you have the parts that we need in supply. This has been the crux of Neonode's problem in the past and one reason why it has taken longer than expected for products to come to fruition, imo. This problem is solved for printers. That is why the 2nd , 3rd, etc. printer companies are and will go down like dominos. The supply is there for them to "source". Neonode has learned from this process, and can now replicate it through their own middlemen for endeavors to come (auto, computer/laptop, etc.)
No other technology can compete with Neonode with regards to price and performance, and for most touch technology applications, this will bear fruit for those who are patient. Neonode will always mention price and performance in their carefully worded PR's, and I agree with this tactic. You don't and I respect your opinion, but I believe that all will see the merits of Neonode's work in the not too distant future. HP alone will lead Neonode to be profitable by 2018, when most HP printers will contain Neonode inside. Everything else is profit.
Doggy, if you truly own 30k shares, why are your posts so negative and unbalanced? You will get your money back.
Amaazing prediction when the stock was hovering between $2.10 and $2.15 at 1:20 when you made this prediction.
Insiders from Sweden don't lose a dime in class action suits, so why would they spend over $600k of their own cash to buy company stock? It is far more likely that they believe that the SP will go up. Your reasoning is ludicrous.
PS: There are no class action suits.
doggy, they stated "OEMs to achieve the highest level in touch functionality at the lowest cost". To me it has 2 parts, 1) highest level of functionality and 2) lowest cost. Perhaps a more appropriate analogy for what they are saying is "I can buy a Mercedes for a price lower than a Nova", which speaks to consumers AND vendors.
ineedmoney, Get accustomed to being sick, because the Tier 1 computer/laptop announcement will be next.
What is not a joke is that printer companies can now "source" 3" IR displays, for example. It will take no time to ramp. As I stated earlier, this has been the crux of the problem for OEM's to use Neonode technology.
Doggy....Origin of capacitive tech......The iPhone uses yet another technology, called a capacitive touch screen, which has even more distant and unusual origins. As far back as 1953 Hugh Le Caine, a Canadian pioneer of electronic music, was developing capacitive sensors for an early synthesiser, called the Sackbut, in which the position of his fingers controlled the timbre of the sound
They promised Amazon....and delivered. They promised a Tier 1 printer OEM....and delivered HP. I purchased an HP 8k series and it works great.....definitely not an old technology. Q3 earnings will only reflect HP sales up until 7/31 (HP's end of quarter) and stores only started selling in the beginning of July, so 1 third of a normal quarter. I estimate only a few hundred $k from HP for q3.
The new Amazon kindle is getting raves for speed and how much faster it is than the old (capacitive) model. Doggy, keep telling yourself about the "old" technology. Capacitive is actually older than IR technology. Do a little homework.
Pick just about any company on the Nasdaq and you can say the same thing, especially start ups where the insiders aren't necessarily otherwise wealthy. Every company has insiders that cash in on freebies and Neon is no different, so what is your point? If you think that he is good at timing his sales, then shareholders are free to mimmick his trades. If you believe that it is unfair that he gets freebies, then stay out of equities as that is the rule....insiders get freebies.
Boardwalk, You have shown that Eriksson is smart and seems good at timing the market. You even went back to 2011! ...But now he is buying!! He bought 185k shares this year so far for $610k. Do you believe that he is doing this to "give back" the money that he made?
By the way, in 2013, Eriksson cashed in 400,000 options at $1.38 per share prior to expiration. In order to get them for "free", he sold 73,392 shares at $7.49, giving him a net of 326,608 "free" shares. He then sold these "free" shares on 9/16/2013 for $6.60 per share, netting $2.15 million. He then would pay 30% capital gains tax on this money....So he netted $1.5 million. Any long term NEON holder could have sold when he did, by the way.
Like it or not, this stock is headed up long term, imo. I can't predict if an institution will rebalance their portfolio, or not want a loser on the books before year end, but NEON has enough money to get through a few more quarters with anticipated printer ramp and Xmas e-reader sales, and that will bring us to profitability.
Vinny, While I clearly understand your pain and frustration, especially in light of insider profit last year, I disagree with your final analysis. Here is what I have come to understand. Neonode comes up with these great solutions with lower cost, higher speed, underwater application, gloved finger, Bla, Bla , Bla, etc. that they announce. The OEM's are merely packagers of finished products. They don't actually make any of the parts. They put together a bunch of parts and place their name on the finished product. Each part is produced by someone else. They have no interest in licensing technology. They just want to buy the part as cheaply as possible and charge for the assembled product.
So company X decides to make or update a computer, printer, or whatever. They come up with a concept or design. Next they source the parts. This is the most important part for Neon. Neon is not a producer, so their parts have never been available for sourcing....UNTIL NOW. Only now are Neon's solutions available for sourcing by partners. In the past, if company X needed a 3 inch display, many competitors had this in stock. Neonode said that we don't have it in stock, but you can license our technology. Company X said thanks anyway. Now, Neonode says that our partners have tons in stock and you can order a 3 inch display from them at half the cost of competitors (or less). This is the difference between the Neonode of year's past and today. This is why I am back in and expect us to move at a little faster than a snail's pace going forward.
This information was clearly stated in the last conference call. Page 2, 4th paragraph by Mr. Erikkson. I previously predicted that Neon would break out this year. I was wrong. It will begin to break out next year, IMO. As stated above, I believe that the sourcing issue has been the crux of NEON's failure in the past, and has been solved. I believe that these prices are a great risk/benefit, but this is just my opinion
Vinny, If you are saying that mgmt. has been successfully jacking up the SP and selling it at the top when the SP was down, then it stands to reason that they are doing it again, so now is the time to buy. Follow their lead and buy now and sell when they do. There is always plenty of BS to PR if they wished to.
In my opinion, we are near the bottom, and a significant announcement may quickly increase SP. I bought back at ~$2.10 and will take the ride. SP may go to $1 -$1.50 (or it could pop tomorrow), but I expect it to rebound as these deals produce fruit. From my perspective, without buying in, a singular announcement and I am stuck chasing it. I can't believe that you of all people sold out at such a loss and are now shorting, and will be stung again. You are letting your emotions guide you. Hung is the voice of reason on this board. He has been here forever and then some. PR is worthless and a nonissue. Apple has perfect PR but investors never know what is coming next.
Boardwalk, Erikkson may have sold a lot of stock last year, but he still indirectly owns over 1.8 million shares and has purchased 185k shares this year for over $600k.