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Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

March 6, 2006 at 12:30 PM

Another Microvision shake-up

The chairman of Microvision’s board of directors abruptly resigned last week, along with one other director, leaving the troubled tech company with four open spots on its board.

Walter Lack, chairman since 2002 and a director since 1995, left the company last week, Microvision disclosed this morning in a Securities and Exchange Commission filing. Director Jacqueline Brandwynne also left the board.

Microvision ousted its CEO Richard Rutkowski and CFO Richard Raisig in January, and it was Lack who championed the changes. Microvision makes small, wearable projectors that beam moving images directly onto a user’s retina, and its technology has applications for computer games, medical procedures and military operations.

The company, which moved from Bothell to Redmond last month, has weathered so many shake-ups lately you have to wonder when the turmoil will stop. Its stock has been battered, falling from $6.25 in October to open at $3.25 today.

Update: Expect details to be revealed during a March 16 conference call to discuss fourth quarter and fiscal 2005 financial results.

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