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    • Mon Jun 23rd 20:46 PM
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      Rating: 0 0
      Commented on:
      Microvision's No Show Hands the Pico Projector Market to TI
      You said...

      "Microvision just ran out of time

      Microvision needed to have the OEM order in hand for Q4:08 shipments in order raise cash in Q3:08"

      Totally false statement. Never, and I repeat, NEVER has that been stated.

      Alex: We trying to get firm commitments in Q3 so we have to do a lot of leg work at the end of Q2 and early Q3 to start getting this feedback, because that’s an essential component of the go to market strategy and again to date we have all reasons to believe that we’re moving in the right direction. Obviously to your question, would we benefit from more units at this time? Absolutely.

      Joel: But I mean of course you’re using your cash relatively wisely but I don’t expect your operating expense will decline considering you’re going into these launch modes so obviously execution is a critical factor because inevitably you’ll drain that cash, so but obviously we see some significant traction that will hopefully support this stock.

      Alex: Fair statement, you know we finished this quarter with 30 million dollars and we feel we have a sufficient amount to get us through the year. Each dollar is spent only on the critical activity; it’s not wasted on any other item. You’re right. You can see that first quarter of this year the operating expenses are higher than they were a year ago, but not much higher from the 4th quarter and this is part of our evolution as a company, any company goes from being a technology company to becoming a products company they need to invest into additional R&D resources, that’s familiar with high volume manufacturing, you need to get strategic sourcing team in place, you need to get the right (?) team that can close some of these remaining contracts.



      The truth... from Q1 CC

      Brian: Great, great, and then just one final one and this was an issue raised by another caller earlier. It’s fairly obvious you guys are going to have to raise money, whether that’s through debt or doing a share offering, I’m curious if you hit your targets and if you get the reception that you’re hoping for, how much money do you think you’re going to have to raise in the 3rd quarter in order to facilitate building up your initial accessory products.

      Alex: Brian, this is a topic we don’t intend to discuss in much detail because we can’t we’re continuing to reviewing these options that are available to us, and we intend to raise money when market conditions are favorable and when it’s the right time for the company.

      Brian: Obviously you’re not going to wait until you run out of cash, and you’re hoping to manufacture these things for introduction early next year, which gives us an obvious time frame in terms of when you have to raise money, I’m just curious as to how much money it’s going to take for you guys to get the initial volumes up and running.

      Jeff: How much it’s going to take will depend obviously on the ramp, the access to other working capital lines, how much our suppliers and customers finance that, so that’s something we are continually monitoring and modeling and evaluating as we go through time.


      Joe: To your previous caller was asking about raising and mentioned 3rd quarter and you’re going to ramp this thing up. Not to put thoughts in his mind or read his mind, but sounded like he was sort of convinced that you guys were going to have to foot the bill for the entire manufacturing process which that never seemed to be the case for me. You mentioned contract manufacturers you mentioned partners, so the dollars you raise are not, am I assuming correctly, that you are not going to be spending the entire amount on manufacturing you will have some partners.

      Alex: No nothing has changed Joe, you know, we still partition and try to distribute cost around our architected supply chain and the strategic partners are defined by their contribution to this common cause so we don’t treat people or supply chain players as pure contract manufacturers which is the model where we have to pay for everything. We’re given certain advantages first market movers then to certain market share projection guarantees in exchange for them coughing up some of the dough to cover these expenses.

      Joe: Are any of these partners of yours potential sources for your next capital raise>

      Alex: Good question, I can’t give you the answer. (BTW, Alex giggled during this answer)


      View article »
    • Sun Jun 22nd 14:40 PM
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      Rating: 0 0
      Commented on:
      Microvision's No Show Hands the Pico Projector Market to TI
      Finally, a break in the monotiny. Thanks for the entertaining read. I love fiction. I was starting to get bored with the lack of MVIS news.
      View article »
    • Sat May 3rd 19:44 PM
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      Rating: 0 0
      Commented on:
      AuthenTec Proves Itself Again: A Clear Buy
      Also, Dell has been a long time customer of Upek. Apple actually could be 1 of the 8.

      Please correct me if I'm wrong.

      Thanks
      View article »
    • Sat May 3rd 19:37 PM
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      Rating: 0 0
      Commented on:
      AuthenTec Proves Itself Again: A Clear Buy
      Chris, you said...

      "AuthenTec sensors are now integrated into 8 of the 9 leading enterprise and consumer notebook manufacturers, all except Apple"

      In the CC, Scott Moody said that Apple was one of the 9. That's all.


      Neither Dell or Apple show up on Authentec's website as a PC customer.

      I not sure your statement is correct
      View article »