|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.