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Shares of MicroVision soar on deal with UPS

Shares of MicroVision jumped more than 15 percent in early morning trading after the Redmond company inked a deal with shipping giant UPS. MicroVision said that UPS has agreed to use its PicoP display system to assist with a new package guidance application at UPS — one which is designed to increase processing efficiency in… Read More

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The footnote that roared: MicroVision surges on news of Sony’s pocket-sized projector

Sony’s announcement on Thursday that it is developing a laser-based, high-definition, pocket-sized projector didn’t mention MicroVision until the third footnote — but that was one heck of a footnote. Shares of MicroVision nearly doubled yesterday, to $2.67, as a result of this afterthought from Sony: “(3) Incorporates the PicoP technology developed by MicroVision, Inc.” MicroVison’s… Read More

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Tech Moves: Changes at SEOmoz; Polaris picks CEO-in-residence; Microvision names CFO; etc.

Jamie Steven has stepped down as chief marketing officer at SEOmoz, taking on the same role at Speedtest.net operator Ookla. “I’ve been flabbergasted by the amount of data these guys have and I’m thrilled to begin sharing it,” said Steven, noting that Ookla’s Speedtest is running about five million tests per day. “Put simply, broadband and… Read More

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Tech Moves: Startup Weekend lands Microsoft vet; Glympse recruits from Amazon; and more

Startup Weekend already hosts hundreds of events around the globe each year, and now the Seattle-based entrepreneurial education non-profit is looking to get even bigger. The organization just hired Ludovic Ulrich, the former global program manager for Microsoft’s BizSpark program, as chief development officer. “Ludovic brings with him incredible experience and insight to help us continue developing… Read More

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MicroVision losses continue as cash supply dwindles

MicroVision just can’t seem to cut its losses. The maker of visual display technologies and Pico projectors announced today that it lost $9.8 million during the first quarter, up from $9 million for the same period last year. Its revenues grew slightly to $1.7 million for the quarter. Even more concerning, MicroVision’s cash and cash equivalents… Read More

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Microvision CEO Tokman pledges to ‘walk the talk’ in 2012 despite ‘pain’ over sinking stock price

Microvision was one of the worst performing tech stocks in Washington state last year, losing more than 80 percent of its value as the maker of Pico projection systems, laser technologies and in-vehicle displays saw losses continue to mount. And while the stock surged last week, it is falling more than 13 percent today after the… Read More

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Morning Radar: Goldberg’s Fab.com is raising a big round; Kindle Fire apps; and more

A quick rundown of stories catching our attention this morning … Jason Goldberg’s Fab.com, the New York-based daily deal site led by the former Jobster CEO, is reportedly raising a $40 million to $50 million round at a post money valuation of some $250 million, reports TechCrunch. Menlo Ventures and First Round Capital are apparently backing the… Read More

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As losses continue to mount, MicroVision faces cash crunch

MicroVision, the money-losing maker of visual display technologies and Pico projectors, said today that it has just two months of cash left on the books. The Redmond company — which racked up a $7.7 million quarterly loss — wrote in a report that it finished the period ending September 30th with just $9.4 million in… Read More

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MicroVision gets Nasdaq notice, faces possible delisting

MicroVision, the maker of the miniature PicoP laser projection device, said that it has received notice from the Nasdaq stock market that its stock has not closed above $1 for 30 consecutive trading days. “In accordance with NASDAQ’s listing rules, the company has 180 calendar days, or until April 23, 2012, to regain compliance with this… Read More