Microvision's Gleam Lights Up A Big Screen
How about a cell phone embedded with a tiny projector that displays an image the size of a laptop screen or as big as a plasma TV? Microvision (MVIS ), which develops high-resolution displays and imaging systems, unveiled a prototype of such a device in January at the Consumer Electronics Show in Las Vegas. Corning (GLW ) and Novalux developed the green lasers incorporated into Microvision's ultra-thin, miniature, full-color projection displays, says CEO Alexander Tokman. He is in talks with the major cell-phone makers for partnership deals. "The mini projectors created tremendous buzz," says Peter Conley, managing director at MDB Capital Group. "The market for the laser-based displays in micro form is huge, as the cell-phone market is still basically untapped," he says. Joel Achramowicz, an analyst at MDB Capital, rates the stock a buy and expects Microvision to partner with a handset maker by summer. He sees the stock, now trading at 3.16, doubling in a year.
Note: Unless otherwise noted, neither the sources cited in Inside Wall Street nor their firms hold positions in the stocks under discussion. Similarly, they have no investment banking or other financial relationships with them.
By Gene G. Marcial