Microvision Surges Again
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CONTRIBUTOR http://www.antandsons.com:
Microvision Inc. (NASDAQ: MVIS) has continued to jump higher from a low of $1.37 earlier last month. The move higher today, however, is attributed to the backlog of development contracts that was announced in the lastest 10Q. The backlog of development contracts as of September 30, 2006 was $6.8 million compared to $4.6 million at September 30, 2005. Of the current development contract backlog, $5.3 million is scheduled for completion during the next twelve months. The remaining $1.5 million is scheduled for completion over the subsequent five months through February 2008. Last week, the company entered into a join development agreement with an Asian consumer electronics manufacturer. However, the name of the Asian manufacturer and other terms of the deal were withheld due to confidentiality reasons. The stock is up $.73, or 27.46%, to $3.38 on heavy volume of 1.2 million shares, or nearly four times its daily average volume.
http://www.antandsons.com
Microvision Inc. (NASDAQ: MVIS) has continued to jump higher from a low of $1.37 earlier last month. The move higher today, however, is attributed to the backlog of development contracts that was announced in the lastest 10Q. The backlog of development contracts as of September 30, 2006 was $6.8 million compared to $4.6 million at September 30, 2005. Of the current development contract backlog, $5.3 million is scheduled for completion during the next twelve months. The remaining $1.5 million is scheduled for completion over the subsequent five months through February 2008. Last week, the company entered into a join development agreement with an Asian consumer electronics manufacturer. However, the name of the Asian manufacturer and other terms of the deal were withheld due to confidentiality reasons. The stock is up $.73, or 27.46%, to $3.38 on heavy volume of 1.2 million shares, or nearly four times its daily average volume.
http://www.antandsons.com
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