MVIS--Donner Corp. International Reiterates its Buy Recommendation on Xybernaut Corporation
PR NEWSWIRE - March 28, 2000 08:31
SANTA ANA, Calif., Mar 28, 2000 /PRNewswire via COMTEX/ -- The following is being issued by Donner Corporation International, a member of the National Association of Securities Dealers, CRD number 37702.
Donner Corp. International, an Investment Banking firm headquartered in Santa Ana, California, today reiterated its Buy Recommendation on Xybernaut Corporation (Nasdaq: XYBR), Fairfax, Virginia. Xybernaut holds the largest number of patents in the wearable computer industry and is recognized as the leader in wearable computing and mobile convergence solutions with numerous Fortune 500 customers.
Donner cited several recent developments for reiterating its Buy Recommendation:
-- Xybernaut reported a 382% increase in revenues for year ended December 31, 1999 compared to the prior year. Revenue for fourth quarter increased 481% compared to the same period prior year. Donner said it believes the dramatic increase in revenue is the beginning of accelerated growth as general acceptance of Xybernaut products and technologies continues.
-- Xybernaut and Microvision, Inc. (Nasdaq: MVIS), the leader in retinal
scanning display technology, will collaborate on co-marketing a
wearable-computing system for medical and industrial workers featuring
the world's first fully daylight-readable and "see-through" virtual
display. "This new PC-to-Display Interface sets the stage for
establishing a standard in the industry," Donner said.
-- Xybernaut has been granted a patent for a "transferable core" which the
Company believes will radically change mobile computing. Business
users and consumers will be able to easily insert and remove the
"brains" -- memory, processor, operating system and applications --
from one computing or communications device to another. The
"transferable core" unit becomes a true personal computer. Donner
said, "Xybernaut's 'transferable core' technology has the potential to
revolutionize the computer and communications industries."
-- Xybernaut is the leader in the hands-free wearable computer market with
25% of Fortune 100 customers including IBM, Ford and General Electric.
Key industries are using Xybernaut products including manufacturing,
distribution, transportation, government and utilities.
-- CNBC's "The Edge," a daily segment that tracks emerging cutting-edge
products and technologies, recently featured Xybernaut's Mobile
Assistant(R) IV (MA IV(R)) wearable PC in action at a GE Power Systems'
turbine manufacturing plant. This segment shows how a Fortune 100
company is saving time and money using wearable computers. The
(MA IV(R)) was also recently featured in an episode on Fox Networks'
"The X-Files." "Xybernaut products are getting more exposure and
recognition. Wall Street is beginning to take notice of Xybernaut's
potential as the leader in the multi-billion dollar wearable computing
and mobile convergence solutions market," Donner said.
"We believe that Xybernaut is in the forefront of the new generation of wireless wearable computers that could take significant market share from traditional desktop and notebook personal computers and believe Xybernaut's 'transferable core' technology has the potential to revolutionize the mobile computing market," Donner said.
Copies of the Donner report on Xybernaut are available at 1-800-324-6050.
(The information contained herein is based on sources believed to be reliable but is not guaranteed by this company and is not comprehensive. It is not to be construed as an offer or the solicitation of an offer to sell or buy securities mentioned herein. The Company, its members, affiliates and employees may have long or short positions, which could be substantial, in securities discussed or recommended and may purchase, sell, or trade these securities from time to time in the open market or otherwise. In addition, this Company may from time to time perform investment banking, corporate finance, provide services for, and solicit investment banking, corporate finance, or other business from the issuers of such securities for a fee.) |
