Aug 22, 2010

Microvision secures $60 million investment

From Evernote:

Microvision secures $60 million investment

Clipped from: http://www.picoprojector-info.com/microvision-secures-60-million-investment?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+picoprojector-info+%28PicoProjector-Info+-+Information+and+news+about+pico+and+pocket+projectors%29&utm_content=Google+International
Microvision has announced that Azimuth Opportunity (an investment company) will be buying 17.7 million shares for $60 milion. Azimuth has actually only agreed to buy as many as 17.7 million shares while Microvision will decide if and when the shares will be sold. Microvision sure needs the money - in 2Q 2010 they have lost $11.1 million.

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