Well another year has passed, Tokman is finally gone, and investors... are still losing money. There was a bit of hype heading into CES this year, the hope was Microvision was going to show off something interesting. I'm sure some user out there on the message boards with 500 shares was screaming "They are going to announce Apple has a partner". Then a few more replies from hopeless investors "Finally our investment is going to pay off, we are only down 400%"
As you can tell I'm fairly bearish on Microvision. But don't get me wrong, I managed to buy one of their first pico projectors (SHOWWX) at a BestBuy auction for 70% off because they couldn't get rid of them in the store. While it sucked under normal lighting conditions, I was amazed how well it performed in a dark room. I could easily expand the screen to 50inches with amazing clarity and color, all out of a tiny projector. The packing for the SHOWWX was also very well done. However, battery life was an issue and beyond the WOW factor when showing random people a 20sec clip in dark room with no lights, it's been a great dust collector.
Anyways... So CES is where technology companies come to showcase the latest and greatest. There is always hype surrounding Microvision on the message boards about what they will be bringing out of the basement in order to make all of their loyal investor's millionaires. And year after year, Microvision fails to deliver. This year, conference call after conference call, Microvision’s former CEO would always mention they are working with the top electronics companies in the world. He could never tell us who they were or what they were working on. The dude holding 432 shares would immediately post that it was for sure Apple, or Samsung etc. By the way, this game has been going on for years.
So after a whole year of Microvision working with all these "Top Tier" electronics companies, which product lands up at CES. The MOVI PHONE! Should have called it the MOVIE PHONE, since it can project movies. It's what everyone has been waiting for, a pico projector in a cell phone. Besides a handful of articles and a couple one-minute youtube videos, nobody really cares. The MOVI Phone company is a one-man operation, his promo was amateur and to top it off, he's going make another phone with a DLP pico projector.
So 2017 ends with a.... BUST! Microvision’s CEO finally quits and there's some dude with a fly by night operation who is the poster boy for Microvision at CES.
