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www.superstockprofits.com/news/...zix-vuzi-team-up-with-lenovo
So, here is a bulletin board company that is taking on the likes of Google Glass. The whole idea is to bring your entire life right in front of your eyes at the switch of a button and this small NY based company is looking to grab a slice of the pie.
One of the biggest things in technology over the next 5 years will be augmented reality. Thus far we haven’t really seen it take off even though Google has been marketing it quite aggressively and creating a good amount of hype by limiting its distribution to a select few people.
(VUZI) have been around since 1987 and they know a thing or two about technology. Whilst the company has a market cap of under $30M, 2013 revenues are around $3M but quarterly revenues to March 2014 were $1.5M. The major difference between (VUZI) and other micro caps is that these guys actually have a product and its in demand. Lets be honest, this is a rarity in the micro cap world!
Although trading is pitiful, a recent deal announced with computer giant Lenovo to market and manufacture provided a boost to the stock. Shares have been trading hands around the $2.70 mark and volume spiked last week trading well over 1.3M shares on July 24. Volumes significantly scaled back today and to maintain the high numbers seen last week the company is clearly reliant upon more good news or a big marketing campaign.
Either way you slice this, the brand name has strength. They have demonstrated ability to market their product and now with a strong partner they have the chance to build a very strong back-bone. This is one more for investors than short term traders.
So, here is a bulletin board company that is taking on the likes of Google Glass. The whole idea is to bring your entire life right in front of your eyes at the switch of a button and this small NY based company is looking to grab a slice of the pie.
One of the biggest things in technology over the next 5 years will be augmented reality. Thus far we haven’t really seen it take off even though Google has been marketing it quite aggressively and creating a good amount of hype by limiting its distribution to a select few people.
(VUZI) have been around since 1987 and they know a thing or two about technology. Whilst the company has a market cap of under $30M, 2013 revenues are around $3M but quarterly revenues to March 2014 were $1.5M. The major difference between (VUZI) and other micro caps is that these guys actually have a product and its in demand. Lets be honest, this is a rarity in the micro cap world!
Although trading is pitiful, a recent deal announced with computer giant Lenovo to market and manufacture provided a boost to the stock. Shares have been trading hands around the $2.70 mark and volume spiked last week trading well over 1.3M shares on July 24. Volumes significantly scaled back today and to maintain the high numbers seen last week the company is clearly reliant upon more good news or a big marketing campaign.
Either way you slice this, the brand name has strength. They have demonstrated ability to market their product and now with a strong partner they have the chance to build a very strong back-bone. This is one more for investors than short term traders.
