Where are we going from here?2LCD will be the dominant technology and will eventually replace all CRT production as prices get closer to that of a CRT. This is already happening with all CRT production now only in places like India and China. TDEL and OLED could then become a next generation technology like LCD once was, and begin to make inroads into LCD's market just like LCD did with CRT. This however will take years due to the investment already spent on LCD. TDEL and OLED's advantage will always be that they are thinner formats and front emissive. LCD no matter how much is spent cannot hope to duplicate this advantage, just the same way CRT cannot be made to be as thin as LCD.
If Ifire is really dead it is interesting to note that none of the top Ifire technical guys have left the company. You would think that if there was some major problem with the technology these guys would have jumped ship by now. I expect that they are waiting for Ifire to be either sold outright or get a strategic investment partner to carry on with the development. However, I do not think that ID will give up Ifire for its land/facility/equipment value given their investment has to be >$200 million. However, the liquidation value of Ifire is probably worth $20 million or $0.20 per share so no small change compared to the current share price.
I do not believe Ifire will be sold outright as no one will likely want to risk paying the amount ID will likely want and ID will not sell for scrap value (unless there is some show stopping problem). I expect to see a new partner or two come aboard with funds to help to finish the develop. WED will likely have to give up a good chunk of Ifire, but Ifire will receive money for another 2-3 years. Ifire's Toronto facility would only concentrate on the phosphor/life/luminescence issues while the partners would do the electronics and display design. Even considering 3 years, it would likely mean 2 partners bringing $30 million each plus WED throwing in their last $15 million. For the most likely investment partners $30 million for 3 years would be a round off error on their balance sheet, but the payoff could be hugh if they can bring TDEL to the market.
Currently I am considering Ifire to be worth zero in my projection as I do not want to be disappointed again. The valuation of WED is still good considering on liquidation NCST alone is worth $0.22 based even on its working capital. NCST sales will begin to grow again with the new arrangement with SM. There is nothing like giving your sale people a higher commission to persuade them to sell more, and someone will take on marketing of their new new API.
There are dozens of different valuations to stick on WED. However, if you go through them all it says WED is worth more than $0.25, even with the most pessimistic outcome. Let's hope that ID can turn an easy $1 worth into at least $1, and that they do not manage somehow to make $1 worth $0.25. I have more confidence in ID than Heck, as it looks like he can make the right decisions (like getting rid of the CEO and CTO at NCST after they blew a wad of money on their dermatology clinical trials).