You Figure out who you think they are...

Okay.....

I think it's these...

"Our licensee has been actively meeting with Tier 1 customers about the sales opportunities using MicroVision’s display-only technologies. We understand that they are getting good response from these customers. We remain optimistic that they will be successful landing customers, resulting in sales of MicroVision components to them in 2019."

Be a smart investor and sell a double, like our friend Ron..... 

Ronald Wayne

So a friend and I were having coffee the other day.

We discuss Microvision often.

At this point, everything is looking really good. We knew what was coming, and now it looks that at least one mass market product is imminent -- because there are several close at hand:

• Near-eye display (Hololens? Oclulus? Magic Leap? Glass) MSFT, FB, GOOG
• Interactive display? Smart speakers, smart displays? (AMZN, AAPL, GOOG)
• Home security?
• Auto LiDAR?
• Display only (Contract signed, best guess as to who is Sharp/Foxconn)

Rumors have also been circulating about a "surface phone" -- I sent a note to a tech reporter with a link to a surface phone post I'd done  more than a year ago.  When I did that an hour later, this document was gone.  It's back, but I suspect they hit some traffic limits. The background is interesting.

The amount of upward motion that could occur with this stock if these stories are confirmed or the suspicions widely circulated will be amazing. If one of them is confirmed, we're off to the races.

It's possible we start rising, and the tired investors will panic when there's a hiccup.

and that... reminded me of Ronald Wayne.

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Ronald Wayne (born May 17, 1934) is an American retired electronics industry worker. He co-founded Apple Computer (now Apple Inc.) with Steve Wozniak and Steve Jobs, providing administrative oversight for the new venture. However, he soon sold his share of the new company back to Jobs and Wozniak for $800 US dollars, and later accepted $1,500 to forfeit any claims against Apple (in total, equivalent to $9,498 in 2017). As of May 4, 2018, if Wayne had kept his 10% stake in Apple Inc., it would have been worth over $93.1 billion, making him the second richest man on earth.^[1]

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At the time, he seemed like a smart investor. He doubled his money in a short time, and he cashed out. Poor move.

A lot of Microvision's investors now are tired.

We have held the stock a long time... many of us have lost a lot of money and would like to get it back.

So, if we get it back and then some -- that's awesome, right? 

Not so fast.

Most of the rest of the people who find this company are going to find it after it gets mentioned in the same breath as some big names. Not before. Shortly after that it will start to rise... or it will before that.

some of the tired investors will be tempted to take the money and run... but if you're more patient, I think you'll do a lot better than Ronald Wayne.

Great moments in Investing

2 Pizzas for 100 million in Bitcoin

I just saw this picture, and thought it was awesome.... but current market cap of Apple puts 10% at 915.74B/10 or 91 Billion...

Ronald Wayne

A tribute to a great investor, Ronald Wayne.

Washington Post

Everybody knows who Steve Jobs is. If you follow technology or the stock market, you probably know who Steve Wozniak is.

Do you have any idea who Ronald Wayne is?

In April 1976, Wayne was the third co-founder and 10 percent shareholder of Apple Computer. For reasons that are both interesting and relevant to today’s discussion, he sold his stake for a mere $800. Had he held onto to it, that 10 percent stake would today be worth $62.93 billion of Apple stock. 

I’ll let that seep into your brain for a minute . . . $800 into $63 billion.

This may possibly be the worst stock trade — ever.

The Apple founding partnership agreement signed by Steve Wozniak, Steve Jobs and Ronald Wayne. Wayne sold the document for $500 in 1994. It sold again for $1.6 million at a Sotheby’s auction in 2011. (Scott Eells/Bloomberg)

There are lessons for all of us in this. Before we get to those, a brief digression.

Apple was born 40 years ago, on April Fools’ Day 1976. The story of Jobs, the marketing genius/visionary, and Wozniak, the brilliant engineer/hacker, toiling away in a garage is well-known Silicon Valley lore. But less well-known history is that of Wayne, the third partner, who was there from day one.

His contributions were not insignificant: He designed the company’s logo, wrote the Apple 1 computer user’s manual and drafted the company’s original partnership agreement. But after less than two weeks with Apple, he had had enough, and on April 12, Wayne sold his stake for $800. In Wozniak’s autobiography (“iWoz: Computer Geek to Cult Icon: How I Invented the Personal Computer, Co-Founded Apple, and Had Fun Doing It”), he described Wayne’s contribution: “Ron ended up playing a huge role in those very early days at Apple.”