Jaguar is a small part of Tata Motors, which sold more than a million vehicles last year, and 80,000 last month.
When it works well in Jag, they have a ready-made market place for a million plus annually.
"we have totally eliminated any possible laser speckle....." it could be eliminated by using LED.... I don't think he confirmed or denied anything.
On an excremental market day, going down a bit on low volume is a lot better than many of the alternatives.
Many of those with interest in accumulation are probably busy trying to avoid the wider market meltdown that's on the way.
I'm not exactly sure how many shares were short recently, but those who were short were hoping for a dismal conference call.
They got a plain sounding conference call. When people listened closely, and re-read the transcripts, they discovered that they didn't have a plain conference call. They had a very upbeat call. Good things are happening -- really good things are happening - and SOON.
The shorts have to cover. Even those who believe their own negative blather can't risk being long for the first part of September. They know Microvision will be an incredibly dangerous stock to short, from here forward.
They could announce the product agreement as soon as it's signed. --- All the development work is done and waiting for approval. When that approval happens, the deal could be announced -- even before September 3rd.
On September 3rd -- Sony & Samsung announce products
On September 9 - Apple.
Sentiment: Strong Buy
What's the demand going to be for a large screen TV or computer display you can fit in your pocket? -- Millions? Billions?
"We can ramp to fit whatever is the demand."
Microvision will get paid for royalties and for parts.
He said that is was delivered and awaiting approval, and not holding up any other aspects --- we could get a commercial agreement announcement any time.
It's possible. I'm not sure making predictions like this is helpful, although if you make it enough times, it will eventually be right.
Blackberry is the kind of company that would need a "ramp up." I doubt their desire or ability to produce all their component parts.
I have met and spoken with Tokman several times. He's enthusiastic about Microvision's prospects, smart, perceptive and I trust him totally. People who say bad things about him clearly don't know him, never met him and should be afraid to say the #$%$ they do in my presence.
I asked the insider about his buy. He said it took about six months for them to find an appropriate window for him to buy. (take that however you want to.)
I think your suggestion about what the business is regardless of what the CEO "wants to call it" -- I'll take the CEO's words about what kind of business it is.
The 8K announcements have been for "research and development" -- not in the ordinary course of business. The ordinary course of business -- what they have designed -- is a licensing model. Just because sales haven't happened yet, doesn't mean that it's not the ordinary course of business.
Your read is like saying someone that is opening a new department store, who says they're opening a new department store -- is really in the remodeling and shelving business, because that's what they've been doing. You also apparently expect an 8K filing when they open the doors and get their first customer.
The company has been clear that they would start making deals and companies would start producing PicoP engines for various products when the pieces were in place.
They stated VERY emphatically at the ASM that all the pieces were in place.
The SEC rule is (Filing with the 8K)
"requires the disclosure of material definitive agreements entered into by a company that are not made in the ordinary course of business"
As the company has stated that they are in the "licensing business" A license contract would be in the "ordinary course of business."
I'm not a Securities Lawyer, but that's my read.
If you want the whole rule, it's here: secDOTgov/rules/final/33-8400DOThtm
MVIS is likely ramping for those companies who are not vertically integrated. Like UPS, Ford, Range Rover, etc.
Sony is vertically integrated. They don't have to buy parts from Microvision.
Microvision uses a license model of doing business.
The large OEMS (like Sony) that Microvision targeted for first implementations are all vertically integrated. (They can make all their own parts.)
The contract could easily read: "When finished products containing PicoP are shipped to retailers or directly to consumers, the licensing fee will be paid to Microvision."
The amount of warning you get? Zero.
Two reasons - taken together.
The licensing model: The company has a licensing model. Other companies can use their technology and pay a license fee to Microvision. It is my understanding that the license agreement could be written any way that the two companies want to write it -- including that no license fees are paid until a product ships to the retailer. As the companies who want to use the technology have strict non-disclosure agreements for a reason -- this is ideal for those companies who want to announce their product with a big surprise. (Apple does this -- no one knew anything about iPad until it was released.)
Vertical integration: Some of the companies licensing PicoP will be able to build the PicoP engine entirely on their own. Sony for example has it's own Mems manufacturing facilities. I won't pretend to know what they make at those facilities, but they exist, and Sony would not need to deliver a purchase order to Microvision to make mass quantities of PicoP engines. So, it's entirely possible that they have millions of them waiting to be installed in products, (or being installed in products now) with no paper trail back to Microvision -- and a creative licensing agreement that allows the project to remain secret until they want to announce it.
Sentiment: Strong Buy