Microvision's No Show Hands the Pico Projector Market to TI

Last week, Texas Instruments (TXN) and Optoma unveiled their pico projector at the InfoComm show. While to many not familiar with ‘pico projection’ this appeared to be an innovative new product, however to investors of Microvision (MVIS), this is the Death Star.

Microvision is a $200 million market cap company that has posted less than $16 million in sales in each of the past 10 years. In 2007, sales were only $10.5 million and EBIT was a negative $27 million, which was an improvement from 2006s $7 million in sales and a negative $29 million EBIT.