Dear Floyd
Back in April when TFS announced that it had acquired the equity state in Siliscape, its headline read that it was << Accelerating [the] Company's Move into the 'Virtual Display' Market >>
I read this as "high-margin business."
Alfred Hildebrand, the chairman and CEO of Siliscape was
enthusiastic about the relationship because (as he said at the time)
"Three-Five is one of the premier LCD and module manufacturing
companies in the world. The company has developed a proprietary,
wafer-based processing methodology on their LCoS (TM) microdisplay
LCD manufacturing line which should result in the lowest cost
microdisplay on a per pixel basis. Three-Five also has an extensive team of systems engineers and advanced module manufacturing capabilities which will allow our products, like OptiScape(TM), to be brought to market quickly,"
Three and a half months after this announcement we get last night's news and see that the "brought to market quickly" coupled with the innovation of Siliscape may turn out to be a real winner. We need orders, to be sure, but Siliscape ought to win some. When they do, perhaps they won't have to be so secretive about who the customers are, perhaps they can add the kind of names that KOPN does on its press releases. Then TFS will be able to share that news with us. BIG change in corporate character, that shift.
You know me -- the loyal opposition -- but I've got to tell you I'm feeling optimistic about the upcoming quarters. I'm reading the softness in the stock this week as forced selling by people who would rather hang on but whose portfolios, if concentrated in small cap stocks, have taken a beating recently.
Regards,
Ariella |
