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Baron Funds Comments on Mobileye N.V.

Mobileye N.V. ( NYSE:MBLY ) is a company we wrote about in previous letters following a visit to its headquarters in Jerusalem, Israel. While the history of Jerusalem is associated with many miracles, what we saw in this visit was the product of years of iterative engineering work, that will likely have a miraculous impact on road traffic safety. Sitting with Ziv, Mobileye's CEO, in a car that drives itself while a newspaper was blocking his vision was clearly noticed by drivers all around us. It is hard to imagine that technology compressed this car's driver into a 65x35x10 mm chip! Earlier this quarter, we visited the annual New York Auto show, where we were able to interview OEMs regarding their roadmap for safety features and autonomous driving. Based on our conversations, we see an accelerating acceptance for these features and we believe that Mobileye is in the driver's seat of this market. (Gilad Shany)

From Baron Funds' second quarter 2015 commentary.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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