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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: An analyst report speculates that Apple (Nasdaq: AAPL ) may include pico projectors in next year's revisions of the iPhone, iPad, and maybe even iPod product lines. Nobody is saying that Microvision got a contract, but the rumor mill is powerful when you're looking at microcap stocks like Microvision.
Now what: Even if that analyst is right on the money with his projector projection, Microvision is far from the only game in town. Apple's projector technology could just as well come from privately held Syndiant, omni-technologist Texas Instruments (NYSE: TXN ) , or Taiwanese display builder Himax Technologies (Nasdaq: HIMX ) . If I owned any Microvision shares, I'd take profits today and wait for more substantial news later on.
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