|Hi Glen: I expected Google to re-enter this competitive space. What this tells me that Paul Travers was right in going after the enterprise sector first. Why it's a worthwhile space. The enterprise space can increase efficiency and save a company money. In time, who knows maybe the enterprise space might morph into a personal space bonanza?. This as workers who use the created prescription specific glass for work will like a pair of fashionable glass for home personal use. |
From the annual meeting I attend over a year ago . IMO P. Travers was spot on that some of the competitors were having trouble with their glass. This mainly because they didn't have the knowledge Vuzix already had. The first round notables that failed. Google,Toshiba, and Intel's Recton have pulled the plug. What Google does have, is name recognition,size,and money. Even though Intel has reduced it's stake. I still think a couple cases can be made. First in due time for them to buy the whole company or find a willing buyer. This to bring in force Vuzix products and those still under development.
P.S. Remember the fashion statement we were talking about quite awhile back. P. Travers was spot on, on that. I have traded in and out of this stock quite successfully. Barring an unknown disaster. I will let my calls at 5 exercise this Friday.