Microvision Shares Popped: What You Need to Know

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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.

What: Shares of miniature projector technology expert Microvision (Nasdaq: MVIS  ) are soaring sky-high today, as much as 49% above last night's closing price.

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.

Interested in more info on Microvision? Add it to your watchlist.

Fool contributor Anders Bylund holds no position in any of the companies discussed here. Apple is a Motley Fool Stock Advisor pick. The Fool owns shares of Apple and Texas Instruments. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.

Read/Post Comments (3) | Recommend This Article (6)

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Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On December 03, 2010, at 12:18 PM, mhoemann wrote:

    The difference, I think, between Microvision and the competition noted is that MVIS has the best product. The only folks close are Texas Instruments, and they don't have nearly the product that MVIS seems to. Additionally, MVIS has a nice patent moat. The only thing I think that I would be concerned about is MVIS's ability to fulfill a huge order like the one that would come from Apple. I wouldn't say "buy it today" after the pop, but imho, it's worth keeping on the radar.

  • Report this Comment On December 03, 2010, at 3:39 PM, robertcgray wrote:

    It is interesting to note that Syndiant feels compelled to diss MVIS technology on its own web site - to me providing a proof-point of how strong MVIS's position actually is. Syndiant poo-poo's MVIS safety-limited light intensity, but fails to deal with the safety issues present with various failure modes of its own LCD shutter technology. The far more important issue for all these technology companies is whether a real market need will emerge that requires millions and millions of the pico displays. Disclosue: Long on MVIS since 1999!

  • Report this Comment On December 06, 2010, at 4:01 PM, 8martini8 wrote:

    To date, Microvision's picoP appears to be the only product likely fit into a package as small as an iPhone without sacrificing Apple's aesthetics (I don't see Jobs okaying a big fan and venting grille). However, it is simply inconceivable that the crucial green laser components are going to be produced in sufficient quantities to support the launch of any kind of Apple product in 2011 -- let alone at a workable price point.

    MVIS is strapped for cash and the source of their next capital injection is unknown, although if the price stays above $1.25 they can float along until the late spring, diluting all the way. One wonders why Apple wouldn't just snap up this $175 million company on spec. A buyout / bidding war is one good reason to hold shares for now.

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