I'd hardly call agreements with Saab/Ericsson, Boeing, and another developer of helmet-mounted displays as well as the United States Airforce, hype.
While the Company does not have any significant earnings, it does have a unique exciting product, demonstrated interest on the part of significant companies, $10 - $11 million in the bank, and no direct competitors on the horizon.
Microvision's current market capitalization is around $76 million, which, quite frankly, just doesn't sound like that much to me for this technology. I saw the prototypes in January, and I look forward to seeing the helmet prototypes sometime in the near future.
In our current market environment Clorox is trading at a PE of 28. (I'm just using Clorox as an example). So, Microvision would have to earn $2.7 million to justify its present market capitalization. That just doesn't seem that out of the range of possibility to me. True, it won't be in 1998, but I believe this technology has a lot of potential. This coupled with my belief that management is on track are what keep me holding onto my shares.
Stephan |
