Saturday, April 07, 2007

Microvision Inc. (MVIS)

You may have noticed that I've changed the chart style of my posts. This is because I've recently started using Telechart 2007. While the charts on are more aesthetically pleasing, the screening power and speed of Telechart are amazing. Today I'm presenting a chart that I recently came across during one of my screens.

Today's chart is less about technical analysis and more about the fundamentals. Microvision Inc. (MVIS) is a company that I have recently come across using the screening power of Telechart 2007. Here are the daily and monthly charts. It looks like the downtrend has been broken, but MVIS isn't about the charts, its about the fundies.

What does MVIS do? They are basically a micro-electrical mechanical system (MEMS) device maker. Ok, what is that? MEMS are silicon based integrated circuits that also have micro-scale mechanical devices on them, sometimes referred to as systems-on-a-chip. The mechanical devices expand the possible capabilities and uses of these chips.

MVIS use these MEMS devices to make extremely small color projectors, so small in fact that they can fit on pda's or cell phones. Take a look at this picture.

This technology was demonstrated recently at the Consumer Electronics Show in Vegas and it created quite a buzz. I don't know about you, but I would love to have a full color projector on my cell phone. MVIS has other applications, like having color heads-up-displays for car windshields and personal projection devices for soldiers, but the cell phone projector could be huge.

This is a very risky bet though. MVIS doesn't make money and is quickly running out of cash. They just announced a deal with an undisclosed car company, but if they don't start making money soon, they will be gonzo.

Interestingly, MVIS does some collaboration work with Lumera (LMRA), a company that was recently brought to my attention.


Stock Trader said...

I too love to learn about LMRA....

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Paul Stiles said...

LMRA's technicals still scare me. I'll stick with MVIS for now.