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MVIS and OLED rallies ?4

16:07 23-May-16


MVIS is up on a rumor that Apple will buy the company for $5 per share.  While it's true that I think MicroVision could be valuable to a larger company, and Apple needs something new, all I can do in this case is to reiterate that buyout rumors are best ignored.

That goes for sell side analysts, too.  I've been writing that Apple will adopt AMOLED screens for a long time.  Brian Lee from Goldman says that time is finally approaching, but he certainly knows that the industry capacity-constrained and that OLED shares are already pricing in the capacity that is still being built.  Consequently, I can only view the note as an exit strategy.