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MicroVision signs distribution agreement with WPG ?2


MicroVision has just signed a distribution agreement with WPG Holdings whereby the latter will distribute MicroVision's scanning engines to Asian customers.  MVIS is already giving up pre-market gains, and I don't think any are warranted.  MicroVision should report again in early November and sales data for the first of these engines, as well as the dev-kits for the second, will be of much more interest.  The rebate rate is down to 20%.  That's still very high, but the decline indicates that some of the stock gains may be unsustainable without more fundamentally relevant news, especially if a trend toward cheaper, more basic phones takes hold.