Microvision: Microvision Announces 2009 Results and Plans For 2010

Press Release
Source: Microvision, Inc.
On Monday March 8, 2010, 4:20 pm EST

Microvision Announces 2009 Results and Plans For 2010

Company Announces U.S. Introduction of SHOWWX Laser Pico Projector, Availability of Second Commercial Supply for Green Laser, New Purchase Orders, and Additions to Management Team

REDMOND, Wash.--(BUSINESS WIRE)--Microvision, Inc. (NASDAQ:MVIS), a leader in innovative ultra-miniature projection display technology, today reported operating and financial results for the fourth quarter and fiscal year of 2009 and its plans for 2010.

Continued…

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Here’s the link to the full earnings report…
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20100308006744&newsLang=en

Last three years, especially the year 2009, has been the most frustrating period for Microvision corporate management… mainly due to delays caused by over optimistic green laser production schedule by Corning. However, after 30 months of delay due to technical and production problems, the issues are finally behind us and Microvision has officially launched the world first laser based PicoP projector in the US today.

After the market close on March 8th, Microvision management presented the quarterly/yearly earnings report. After looking at the details of SHOWwx laser PicoP projector launch from this morning and then listing to earnings conference call, I could not help but feel that today is the day when Microvision really went public with an IPO.

Microvision: Goes Public with an IPO… March 8th 2010

Now that I have your attention, consider this…

If Microvision were to have an IPO right after the SHOWwx launch in the US today followed by a very bullish earnings conference call… the IPO price would be more like $20 if not higher.

We chased MVIS stock to $63 during the “Romance Phase”; which peaked in year 2000… at a time when there were no real products, and just a few patents on a very promising laser based MEMS image scanning technology.

Today, with all the technology and production issues behind us─ with validation at hand, huge patent portfolio, OEM and Mobile phone carrier customer purchase orders, huge backlog, ramping-up production forecasts, improving margins, and glowing recognition by industry; like CES and MacWorld awards… we are now debating to buy or wait to buy the MVIS stock at $2.60.

Looks like the shorts have you all spooked, doubting yourself, and in knots over in-decision.

One of the issues, if you would call it that, the shorts will “harp on” and have you believe is about low future revenues and insignificant margins.

Well, let’s set the record straight here, shall we…

Many folks don’t realize that the green laser unit forecasts Alex presented at the CC; they do not include any green laser contribution from Osram. Osram green lasers have been validated but production quantities are not yet shipping in any significant quantities… and as such are not part of the unit number forecast presented at the conference call.

Osram green lasers are the surprise factor; both in terms of higher production volumes─ higher than what Alex has projected from Corning and dramatic overall cost reduction due to cheaper Osram green lasers.

The good news─ in the short term, that Alex talked about in his closing remarks, in my opinion, is all about Osram starting to ship production quantities of green lasers as early as the last week of March. Osram green lasers are much cheaper and have much better yields. That’s the surprise factor that Alex alluded to in his closing remarks at the CC.

Be aware of the competitors, shorts and unscrupulous stock traders; when they bash the SHOWwx revenue and profit margins to justify their agenda… whatever form or shape it takes.

Consider this…

• Profit margins on SHOWwx that have been shipped are better than what you may think [or are made to believe] by just looking at 4th Qtr “product sale revenue” vs. the “product COG” numbers. First, the initial batch of product shipped is very small… few hundreds at the most, and that is not a large enough sample to base future trends.

Second, the cost of about 50 or so demo units in the hands and homes of Microvision executives has cost but no revenue. That hurts the revenue numbers and skews the COG numbers as much higher than they really are.

• Profit margins and revenues will dramatically increase─ over and above what they truly are at present, as soon as Osram starts shipping their better and cheaper green lasers in production quantities… as early as the end of March.

• Profit margins are dramatically higher [over 300%] on the Limited Edition SHOWwx that are for sale in the US today.

• Profit margins are substantially higher [over 100%] on the Commercial Edition SHOWwx that will be for sale in the US on March 24th.

There is no better way to say it, than to say it as it really is…

“Alex Tokman, in his closing remarks at the CC, alluded to two pieces of good news coming up: one in the short term [like in weeks] and the other in the mid term."

The short term good news, in my opinion, is about Osram shipping production quantities of their green lasers to Microvision… and that will more than double the forecasted SHOWwx quantities that can be shipped at much better profit margins.

In closing…

Be aware of the competitors, shorts, manipulators, and the unscrupulous operators that would like you to believe that the future revenues and profit margins as insignificant… because, by having you believe that and then manipulate you to sell would serve their agenda to short Microvision.

So why don’t you guys just wake-up, believe in yourselves and stop playing into the hands of unscrupulous shorts.

Be an educated investor and go about making some serious money in the near future.

Stop playing for nickels and dimes… only kids do that with too much time on their hands.

Anant Goel
http://www.wealthbyoptions.com/

Microvision: Opportunity of a Lifetime… in our Lifetime (Part 2)

The cost of missing out can be greater than the cost of messing up.

“The opportunity of a lifetime must be seized in the lifetime of the opportunity.”
…Leonard Ravenhill

Microvision stock [NASDAQ: MVIS] is an investment that represents the opportunity of a lifetime… in our lifetime. And it is a BIG opportunity that can propel us to our financial goals in one great leap within our active lifetime… like in the next 4 to 5 years.

Here are FIVE REASONS not to let this opportunity pass you by and why you should quickly reposition your assets now…

REASON #2

When IBM first introduced the PC in 1980, nobody in their wildest dreams imagined that it will dramatically change the world as we know today. It took about 20 years but we have witnessed dramatic improvements in personal and worker productivity, collaboration, communications, networking, information databases and knowledge creation and exchanges.

Now 25 years later, we are on the cusp of another mega change… a paradigm shift. This time the changes will occur [faster] and impact the way we communicate [visually], network, collaborate, share, care and exchange knowledge and information.

Not only that, the low power requirement of [less than 3watts] the PicoP display engine embedded in all things digital and built into TVs and Projectors may just extend our resources [financial and natural] and save the planet earth from slow death. For example, the biggest energy guzzlers on this planet are big screen TVs.

News from this morning says it all…

California appears poised to be first to ban power-guzzling big-screen TVs

The LosAngeles Times
By Marc Lifsher
October 14, 2009

“Reporting from Sacramento - The influential lobby group Consumer Electronics Assn. is fighting what appears to be a losing battle to dissuade California regulators from passing the nation's first ban on energy-hungry big-screen televisions.”

Here’s the link to the news…

http://www.latimes.com/business/la-fi-bigtvs14-2009oct14,0,4908205.story

The energy problem is not just in California… it’s a world-wide problem that needs addressing now before the planet destroys itself with too much “carbon footprint” or due to lack of “energy” to fuel and feed the world’s 6 billion population. Energy conservation, in a big way, is coming soon to every single US state… and it’s just the matter of time.  Electric brown-outs and rationing is in our near future... that is if we, as a nation, do not make an aggressive and collective effort to conserve.    

Talking about conservation...
"The use of PicoP display engines in TVs and Projectors that give us high definition; large screen; always in focus display at a fraction of power [less than 3watts for PicoP display engine] may just be the answer to our worldwide energy problem… where a billion or so TVs suck the energy out of planet in exchange for a few hours of HD entertainment.

I’m sure you will agree that Microvision’s PicoP display technology is disruptive [of a mega proportion] and of a nature that could cause dramatic shift in “technology paradigm” and the “social paradigm” around the world.

Specifically, for the third world countries, for example, the technology paradigm shift would be…

“20inch energy guzzling TVs replaced with a 60inch Integrated Mobile TV/Projector, with built-in DVD player and speakers, at HD resolution with image projection on any surface…always in focus…at miniscule power usage of less than 3watts for the display engine… and at about $699 US dollars.”

The PicoP display engine market for the Integrated Mobile TV/Projector [in the developing countries] is over 1 billion worldwide with an adoption rate ten times bigger than you can hope for the embedded Mobile phone market. Consider this…

• Total population of India and China is over 2.8 billion and growing. Considering an average household size of 5 [for India] and 4 [for China] you have about 650 million households. Ironically, the current Mobile phone market in India and China is also about 700 million. Assuming that the middle-class [only] can afford a Mobile phone then there are 700 million households that fall in the middle class category in India and China.

• Assuming that a household that can afford a mobile phone can certainly afford [and own] a Television. Therefore, in India and China there are at least 700 million TVs. The middle class in India and China is growing at a 10% rate per year. To this growth, you add the rest of the third world and Eastern European countries [for 300 million TVs] and you have potentially 1 billion TVs market world-wide that is looking for low power consuming, high resolution and large size TV experience.

If Microvision [and the OEM partners] mass produce an Integrated Mobile TV/Projector [with built-in DVD player and speakers] at 60” image, HD resolution and consume no more than 3watts for the display engine… you have a billion households as your potential customers… with an adoption rate of ten times higher than that of embedded Mobile phone. This is a huge market with tremendous financial rewards for the slow and steady hand that can deliver on the promise of PicoP display engine to the energy starved world of ours.

Not only that, the low power requirement of the PicoP display engine in Integrated Projectors and Integrated Mobile TVs/Projectors may just extend our resources [financial and natural] and save the planet earth from slow death.

Unlike the US and other western countries, electric power in highly populated countries like India, China, Eastern Europe and other third world countries is in extreme short supply. Not everyone has electricity and those that do have… face constant brown-outs and rationing. With the world energy supply dwindling, and costs rising dramatically, the electricity is a precious commodity.

Here’s a wish list product, based on Microvision’s SHOWwx PicoP projector…

SHOWwx PicoP Model 60: All-in-one Integrated Projector with built-in DVD player and speakers.

FEATURES:

• Low power requirement… less than 3watts for PicoP display engine… 20watts overall
• DVD quality display larger than on a 60″ widescreen TV
• Easy setup — just plug, load and play
• No focus adjustment required
• Built-in handle and carrying case included

The ultimate portable projector, DVD and music player combo, SHOWwx PicoP 60 delivers all the big-screen drama, sound and excitement you desire — just plug, load and play.

For larger-than-life entertainment, SHOW PicoP 60 is the all-in-one product with a built-in progressive scan DVD/CD player and dual Dolby® 5.1 Digital DTS® 5 W stereo speakers. It works with any blank wall or screen and projects DVD movies larger than on a 60-inch widescreen TV.

SHOWwx PicoP 60 sets up easily— all you need is an electrical outlet. There are no additional cables or equipment to hook up. It features a convenient handle and soft, cushioned carrying case so you can take the show on the road. And, it delivers natural colors and bright, vibrant images with 1-chip, MEMS Laser technology.

SHOWwx PicoP 60 is incredibly versatile for videogames, TV, movies and more. It works with your TV set-top box, laptop, Apple iPod® Nintendo® Wii™ Sony® PS3™ or Microsoft® Xbox 360™ video game system for more entertainment options. It displays a 60-inch, widescreen image from just 5 feet away, or a 100-inch image from just 8 feet away.

Dealer Prices may vary from $699 to $899… depending on the model. All prices are in U.S. Dollars.

SELLING FEATURES: Low power, high definition, always –in-focus, rich colors, short throw ratio, fast refresh, and wide screen multi-media experience.

The worldwide market for such a low power consuming laser based Integrated Mobile TV/Projector market is huge.

Microvision has the technology and supply chain partners up and down the line. All they need is the vision and resolve to aggressively pursue this market themselves or do it in collaboration with its global distribution and OEM partners.

Stay tuned for REASON #3… as we move forward in our journey to explore “Microvision: Opportunity of a Lifetime… in our Lifetime”

Anant Goel

http://www.wealthbyoptions.com/