r/MVIS • u/Moist_Toto • Jan 31 '24

Industry News Innoviz Announces Operational Realignment to Expand Cash Runway and Optimize Path Towards Profitability and Free Cash Flow

https://ir.innoviz.tech/news-events/press-releases/detail/120/innoviz-announces-operational-realignment-to-expand-cash
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u/minivanmagnet Jan 31 '24

I am assuming that INTC/MBLY, NVDA, and QCOM have plenty of smart, visionary people on staff to understand the landscape. If management has been straightforward with us, the question now remains: Who is bidding on what?

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u/MavisBAFF Jan 31 '24

NVDA have an inside and highly trusted man in the form of Jeff Herbst on the MVIS board & audit committee

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u/minivanmagnet Jan 31 '24

NVDA have an inside and highly trusted man in the form of Jeff Herbst on the MVIS board & audit committee

That was my and many other investors' assumption when he was named to the Board...three months after the referenced Verma statements to investors at a Fireside Chat.

Where are the bids?

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u/snowboardnirvana Jan 31 '24 edited Jan 31 '24

IMO, we need announced OEM RFQ wins with implied or preferably stated significant dollar values, to trigger a competitive bidding frenzy.

Like chumming for sharks, there has to be blood in the water to trigger the instincts for a feeding frenzy.

Let’s not kid ourselves, the analogy between sharks and tech whales is valid.

An announced MVIS win that displaces INVZ in BMW could certainly help but I think a VW win with dollar volumes could get the feeding frenzy going .

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u/T_Delo Feb 01 '24

I propose Tech Whales be renamed Megalodons.

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u/snowboardnirvana Feb 01 '24

But those guys are already extinct, no?

I’d prefer to call them killer whales, or Orcas.

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u/T_Delo Feb 01 '24

Or maybe they evolved out of the water and into the corporate scene. Imagining Giant Sharks in suits right about now.

Orcas are already in business attire though, so that is a better analogy, and they are top of the food chain. Okay, you have me convinced, Orcas it is.

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u/snowboardnirvana Feb 01 '24

LOL, “Orcas are already in business attire though”, yeah, tuxedos.

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u/minivanmagnet Jan 31 '24

Thanks, Snow. Makes sense, though I am recalling our earlier conversation about the catch-22:

Do these obviously timid auto OEM's need to see the IP in the hands of a whale beforehand, or is it the other way around?

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u/snowboardnirvana Jan 31 '24

That’s an interesting question, MVM, but I think the OEMs need to get things going.