Wednesday, February 5, 2014
Most Of The Dreary News Was Anticipated
what was not was the disquieting revelation that their Defense customers have "imposed more exacting standards" on them which eMagin is apparently having a hard time meeting . They are, were, on track to announce two large military contracts both for Night Vision. These must be the contracts where they are getting the screws put to them. Unfortunately eMagin does not have a position of strength relative to the Raytheon's and the L-3s of the world and will have to get it right. As usual I can't blend the shit sandwich the per-announcement was with the sunshine and lollipops vibe at Needham. As always this company is a maddening eNigma.
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