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Technology Stocks : XYBR - Xybernaut

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To: Bill Fischofer who wrote (2195)3/8/1999 9:01:00 PM
From: Nazbuster  Read Replies (2) of 6847
 
Bill, I like the idea of technology improvements, in any form. I just asked Donny to clarify whether he was in any way associated with the company and to state the source of his "knowledge" that a key PR piece was about to be released.

Since that post, I've looked into the SEC filings, and wouldn't touch this one with a 10-foot pole. Horrible cash position, no sales, board has the voting rights sealed up tighter than a drum, could water the stock by 1/3 at their whim without recourse. I'd rather choose a healthier company to go long with, regardless of their great ideas.

The patent issue is interesting... Their best bet would to have MSFT buy them to grab the patent since no one could afford to fight MSFT over patent rights, but XYBR has barely enough cash to make their obligatory payments to SONY. They have to come up with 10M yen a month. They had $1M in current assets (Cash and A/R) according to the last 10Q.

Why anyone would want to risk their money in a firm which is vulnerable to going out of business due to lack of operating cash, I don't know.
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