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Microcap & Penny Stocks : Microvision (MVIS) -- Ignore unavailable to you. Want to Upgrade?

To: Jan Johnsen who wrote (3618)	9/18/1999 1:14:00 PM
From: Rob	Read Replies (1) \| Respond to of 7721

Great post from Raging Bull, Jan ,thanks. I would recommend to all to read, Rob

To: Jan Johnsen who wrote (3618)	9/24/1999 6:17:00 PM
From: Jan Johnsen	Read Replies (1) \| Respond to of 7721

For your information, from the Yahoo! MVIS board regarding the revised Relyea/Josephthal coverage, courtesy of Ilikethingssimple: Here is Mr. Relyea's explanation of his actions and his thought processes in his own words. "MVIS: Fast Tracking of Virtual Cockpit Program is an Important Positive; Estimates Revised in View of Engineering Reorganization; Rating Changed to Buy. We view Microvision's announcement of a $1.5-million Phase III SBIR contract from the Army under its Virtual Cockpit Optimization Program as a major positive. The rapidity with which the program has moved through the early stages holds positive implications for the potential of the company's technology, the demand for it and the sponsorship behind it. The $1.5-million contract will fund continued work by Microvision and its partner Boeing for an advanced, full-color, VRD helmet-mounted display through the end of 1999, with the potential for additional funding to follow. The virtual cockpit system presents information in graphical form from inputs from aircraft monitoring systems, mission cues and sensor imagery to the pilot in a heads-up mode on Microvision's VRD-based helmet mounted display. Given the very rapid move to Phase III of the SBIR program, the stage that initiates commercialization, we believe that the value of the technology has been demonstrated to the Army under the Virtual Cockpit Optimization Program (VCOP), as well as Microvision's ability to put the technology in tangible form. Few SBIR contracts make it through to Phase III that initiates commercialization; thus, acceptance to this level means the program has moved from technology issues to product issues. Beyond the demand for this technology by the Army, there is significant potential interest from other military services, domestic and foreign, and from builders of commercial aircraft. We expect the program to receive significant development funding over the next couple of years, followed by small volume production beginning in 2002 or 2003. We have revised our estimates for Microvision as a result of the process of reorganization of the company's engineering function by new engineering management that has been under way since early in the second quarter. The process of reorientation from technology development to product development and production has brought to light the need to add some capabilities and resulted in an adjustment of the timing of commercial production to later in 2000. The net effect is to push out the crossover to break-even by a couple of quarters to 2001 and expectations for significant profitability to 2002. Despite the adjustment, we remain convinced that Microvision is in an excellent position to capitalize on the opportunities offered by its unique display technology, and in the long term, we should see strong revenue growth and good earnings performance. As a result of the change in estimates we are changing our rating from a Strong Buy to Buy." post.messages.yahoo.com