Race to Replace Smart Phones

Got the heads up on this from a couple of different sources last night and this morning.

This is where we are.

Given that Microsoft is shipping... it will be happening sooner than CNBC thinks.

CNBC

Fox News

The video is from Fox news.... I've had trouble getting it to play.

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Most of the biggest names in Big Tech are racing to create smart glasses that we wear everywhere and that may replace our phones.

Microsoft, Amazon, Google, Snap, Facebook Apple, Magic Leap and others are all working on some form of smart glasses or headset that will change how we view the world around us. Instead of pulling a phone out of our pockets to talk to people or interact with apps, we may do these things simply by speaking to, and looking through, a set of glasses.

There’s a race to be the first to make a set of glasses that everyone will wear, which means they have to be fashionable and sleek enough to wear all day and everywhere you go. Advocates of the technology hope that you’ll one day be able to replace every screen in your life with just one pair of smart glasses.

...imagine an IPO...

SNAP is the ticker symbol for SnapChat

They call themselves a "camera company." 

Snap Inc. is a camera company.

We believe that reinventing the camera represents our greatest opportunity to improve the way people live and communicate.

Our products empower people to express themselves, live in the moment, learn about the world, and have fun together.

Most of us probably have encountered them as a company that allows children to take pictures of their parents and make them look stupid -- like this:

They lose a lot of money and seem to have no prospects for making much. 

Their new great invention was a brief flash, and hasn't been heard from since. (Snap Spectacles)

SNAP was trading higher just after its IPO. 

SNAP has retained a market cap of 25 Billion dollars. It seems to have stabilized around this level. 

25 Billion for a company that has a wearable camera that takes 10 second videos, and some filters for pictures you have taken.

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Now, consider a different company.

It not only has technology for these applications, but is beginning mass production on it's tiny projector that makes a portable large display.

• Portable large displays
• Portable large touch screens
• 3D laser scanning Technology (really useful in Robots, self driving cars, and scanning environments for augmented reality applications.)
• Near eye displays for Augmented reality applications
• Projection for heads up displays.

SNAP is over valued here, but is this company worth more than SNAP?

My vote is yes.

Microvision's share price is currently holding at around $2. With a market capitalization equal to that of SNAP, the price will be right around $350.

If you're in, you're in early.

If you're not in yet, you have a fantastic opportunity.

SNAP CHAT IPO.

34 Billion IPO....

Loses 500 Million/year

They could EASILY say exactly what they're saying about SNAP here -- about Microvision.

Microvision is ridiculously undervalued.




Snap shares closed their first day of trading up 44 percent at $24.48 a share, quenching a long drought in the market for tech IPOs. 

More than 200 million shares — the entire size of the offering — changed hands over the course of the day, accounting for roughly 10 percent of the total volume of trading on the New York Stock Exchange on Thursday. 

The stock opened shortly before 11:20 a.m. on Thursday in New York, and started trading at $24 a share, rising 41.2 percent from its pricing at the open. The company, trading under the ticker SNAP, priced its public offering at $17 a share on Wednesday.

Share prices rose as high as $26.05, according to FactSet, and fell as low as $23.50.