Press Release
Source: MicroVision, Inc.
On Friday February 11, 2011, 8:00 am EST
REDMOND, Wash.--(BUSINESS WIRE)-- MicroVision, Inc. (NASDAQ:MVIS - News), a leader in innovative ultra-miniature projection display technology, today announced it will host a conference call to discuss its 2011 business strategy and preliminary financial and operating results for the fourth quarter and full year of 2010 on Tuesday, February 15, 2011 at 8:30 a.m. ET / 5:30 a.m. PT.
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Here's the link...
http://finance.yahoo.com/news/MicroVision-Schedules-bw-2223156935.html?x=0&.v=1
It comes as a surprise that 4th Qtr earnings conference call is being held on February 15th at 5:30am PST. It is much earlier than the usual first week of March and always after the market close at 4:30pm EST. Some folks would speculate; and take this as a sign of something good... and for a change, they may just be right.
It comes as a surprise that 4th Qtr earnings conference call is being held on February 15th at 5:30am PST. It is much earlier than the usual first week of March and always after the market close at 4:30pm EST. Some folks would speculate; and take this as a sign of something good... and for a change, they may just be right.
It is quite apparent that the 5:30am PST conference call [at 8:30am EST] is being intentionally organized to conclude before the US markets open at 9:30am EST... while it is still early pm in the Kingdom of Japan; ̶the home of Pioneer Corporation. In my opinion, the decision to hold the CC this early in the morning; is not only to accommodate what Pioneer Corp may have to say... but also to influence the MVIS stock activity in the US financial markets.
Make sure to pull-up your shorts... because there is news on the tab that could impact your financial health in the “short run”.
With the conference call timing issue out of the way, let's now focus on the subject of the CC...
“... to discuss 2011 strategy” as it says in the headline to the Press Release.
I expect most of the CC time being spent here on the subject of 2011 strategy...
I expect Microvision and Pioneer Corp [to be present in some way or form] and lay the foundation for a total makeover and a fresh start for Microvision... with its CEO “in tow” to pitch the financial orgy of last four years as just a bad dream.
In the name of “... 2011 strategy”, I expect to hear about major changes announced [which could be an on-going process] in all business aspects of Microvision... with Pioneer's finger prints, influence, and involvement being quite visible.
Here's business aspects that are expected to be discussed and significantly influenced , hopefully for the better, in my opinion...
* More visibility to Pioneer relationship and agreement
* New organizational structure
* Staffing levels and re-assignments
* Cost cutting [and cost sharing] measures
* Current and new funding source(s) and structure
* Diode Green Laser program and the role of SHG green laser
* Inventory write-downs and losses
* Significant drop in cost of "bill of materials" for SHOWwx line
* Ramp-down SHOWwx production to parallel inventories
* HEMP OEM coming out party
* Ramp-down SHOWwx production to parallel inventories
* HEMP OEM coming out party
* New products in the pipe line with garbled time-lines as usual
We should see more confidence in CEO Tokman's voice after years of babbling and garbled communications. It takes gumption [and some charisma] to let go the “VP of Sales, Marketing and Business Development”... and still manage to survive as the CEO of the company.
Microvision will survive; and will do just fine under the virtual “halo” of big brother Pioneer Corporation of Japan.
Anant Goel
Large SG&A reductions were made in the 4th Qtr; and as such they would show-up in the 4th Qtr earnings report. However, additional SG&A cuts were made in January after the CES... and those cuts won't show until 1st Qtr 2011 earnings report.
ReplyDeleteIt will be interesting to see how AT would cover the massive SG&A reductions at the Feb 15th conference call.
If the number of hits to this blog are any indication... there will be lots of people tuned-in for the 4th Qtr earnings conference call that has focus, in my opinion, on the "2011 strategy".
That's right... it is not a 4th Qtr earnings conference call per se.
ReplyDeleteIf you read the Press Release, it says...
"... will host a conference call to discuss its 2011 business strategy and preliminary financial and operating results for the fourth quarter and full year of 2010 on Tuesday, February 15, 2011 at 8:30 a.m. ET / 5:30 a.m. PT."
Note the words in the headline to the Press Release...
"... preliminary 2010 results.”
What you think that means?...
Well, the focus of CC on Feb 15th will be, in my opinion, on 2011 strategy... rather than the 4th Qtr earnings or lack of it.
If you stretch the envelop, or try to read between the lines, what Microvision is saying is this...
“We have some important, and possibly good news ̶ if you believe in glass being half full, and we don't really want to get side tracked, or get bogged down by all the negative 4th Qtr earnings and financial issues... now, here, and today.”
“Here are the preliminary earnings and financial numbers, and the final 4th Qtr earning report will be forthcoming in the first week of March... as it has for the last so many years.”
“Today, we are here to share the news, and a makeover strategy to celebrate the beginning of a new chapter in the history of Microvision.”
Microvision story is over. Time to move on.
ReplyDelete