Himax: A Play on Google Glass

11/18/2013 7:00 am EST


The idea behind the much anticipated Google Glass is simple: wearable online connectivity. But for a $340 billion company, this little toy is nothing but window dressing, notes Brian Hicks in Wealth Daily.

However, to Himax Technologies (HIMX), the supplier of the Google Glass micro-display, this can be world-altering.

The technology was actually borrowed from the helmet-mounted targeting display of the Boeing AH-64 Apache, America's premier tank-killing, insurgent-vaporizing battlefield helicopter...

Using a monocle display across one of the eyes of the weapons operator, the image produced by this electronic sighting system appears to be laid overtop the view of the natural environment, which comes via the unaffected eye.

The effect is a Terminator-like perspective on the world, with terrain and objects visible in the same glance, with all the information required to launch missiles and armor-piercing 30mm shells at those same terrain and objects.

Google (GOOG) knew a good thing when they saw one, and so the company adapted this monocle effect for on-the-go Internet surfing and social networking.

As of right now, the plan is to put it into full-scale production sometime in the second half of 2014. But again, this little toy is nothing but window dressing for one of the world's most powerful corporations.

Himax, a Taiwan-based company, produces display drivers and timing controllers for large-sized thin film transistor liquid crystal display (TFT-LCD) panels used in desktop monitors, notebook computers, and televisions.

Its products are used in display drivers and timing controllers for small and medium-sized TFT-LCD panels used in mobile handsets and consumer electronics products, such as tablet, digital cameras, mobile gaming devices, head-mounted-displays, and car navigation displays.

A nice spectrum of products for the $1.7 billion company, indeed. However, when Google Glass hits the market in about a year's time, Himax's hands will, without a doubt, become fuller than ever.

In fact, when news that Google was set to ramp up production of the Glass became public, Himax shares rose close to 10% in two trading days.

Not bad for a mere rumor of wider testing of a novel, experimental product. What this stock will do when full-scale commercial production of the Glass is finally announced in the coming months is anybody's guess. It should be impressive.

Watch Himax closely. With Google acting, both as its rudder, and its engine room, it just may be the tech stock you've been waiting for.

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