I knew awhile back they would want in , in this market. IMO Vuzix gets squeezed out because of it's size and frankly IMO for bigger competitors lack of knowledge and development in the space. Magic Leap gets attention and has plenty of funding, but where are they in stages of releasing a product? Things seem to be unfolding faster now anyway.
>Qualcomm wanted to enable a complete Ethernet Audio Video Bridging (EAVB) solution on Qualcomm Snapdragon processors with Toshiba Brickyard and Neutrino chipsets. Qualcomm engaged with HARMAN Connected Services to enable AVB services by porting the HARMAN’s Ethernet AVB stack to the Snapdragon/Brickyard hardware together with Toshiba Brickyard and Neutrino chipsets.
This whole WW program if executed correctly is welcomed big surprise to me. It was not mentioned in the last Qtr. CC which I listened to. The Blade 3000 is a broader market product still in development stages. I think that product could get tweaked for the better before release. This if it finds a big partner to absorb costs. Maybe INTEL comes back with we changed are mind about wanting to get out altogether ?
Don't know much about VUZI (recently following), but how does their VR tech stack up against bigger players in that space? Company has been in the game for awhile but with no real revenue growth. Why VUZI?
Thanks for the tips. The VR/AR space is quickly getting crowded with hugely capitalized and talented players like Apple, Facebook, Microsoft, and Magic Leap investing a lot of resources into product development. It will be very interesting to see how the future of VR/AR unfolds both from a technological and business perspective and the role company's like VUZIX will play in that future.
The enterprise market is definitely the appropriate niche for Vuzix. That is their core competency. Also, they simply do not have the resources to compete at the consumer level.
The stock has actually held up quite well. Intel still owns an 18.3% position and the company was recently able to raise another much needed $9 million. They still need another deep-pocketed angel.
When we took Victormaxx public in 1995 we targeted the consumer market for our VR headset. It was a necessity. Bandwidth was still expensive and the optics for the headset could not support enterprise applications. Unfortunately, we had a hard time getting software developers to write games for the headset. Everyone was expecting a Holodeck experience and the technology was still in its nascent stages.
As we were winding down, our CEO wrote a 15-page memo focused on enterprise applications. He was right on the money. Unfortunately, the underwriter could not raise any more money and we had to shut down. We were 20o years too early.