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.
I wholeheartedly agree Glenn. While not quite a deep pocketed angel as some (INTEL)(APPLE). I think Blackberry can't be ruled out. Their Legacy product has gone by the wayside now. I say this now because I saw Kodak miss the boat with the cell phone. I know it does take some vision. Just maybe with some tweaking. The Blade 3000 has potential to be a Legacy product with a partner who can write software and improve on deficiencies that might exist? I think Travers knows the enterprise field will buy Vuzix time to develop a legacy consumer product with a good partner. After all, I know Travers has vision to think forward. RE-The cell phone will be replaced by this AR/VR technology someday. I know I might be a little partial because of my location to 2 big fortune 500 companies. :+ ) and one little dink visionary Rochester AR company. Those of us with some business history know the Steve Jobs story with the Xerox mouse, especially, Rochesterians. It's Ironic to think the company Jobs co-founded in personal computers is not as much product dependent on the computer. This as much it is the cell phone today. IMO It just shows why technology companies can't be complacent, and have to be prepared for the future with forward thinking.
P.S. Your story also reminds me of Xerox coming out with the Color Copier way before it's time.
$Vuzi & $BBRY Even Stock deal? The Co, has $1.7 billion in cash, and doesn’t plan to to use any of it for buybacks or dividends, Chen said