"just the news" - Give me a break. And the lose the phony apology, it really isn't very becoming of the bearer of highly biased half-truths and speculations.
First, do you really think that by replacing PWC with Grant Thorton that XYBR is all of a sudden going to lose the going concern? Do a little research before you let your fingers start walking all over the keyboard; Grant Thorton is a 75 year old accounting/consultant firm and the sixth largest in the country.
Second, nowhere does Bloomberg quote anyone from XYBR as saying that the current talks are about XYBR buying voice recognition equipment from IBM. IT SAYS, [XYBR said] "that it was in advanced discussions with IBM on a variety of potential joint activities in wearable computing, including production, licensing, development of future generation products, marketing, sales and development of supporting technologies.
"These discussions are aimed at expanding the existing relationship between Xybernaut and IBM for speech technology and combining the patent position and know-how obtained by Xybernaut in the wearable PC arena with IBM's resources," said Edward G. Newman, President and CEO of Xybernaut. "We are excited about the possibility of joining forces with IBM to rapidly develop the market for wearable computers."
Everybody knows that XYBR bought a license for Via Voice close to a year ago.
"But simple math will tell you that they can't continue to lose money so fast without revenues to match" - they've done it for 9 years (3.5 as a public co.), and I don't think you'll see them disappearing anytime soon. The biggest question is what are the shareholders going to have to bear in the way of dilution until revenues from product sales and licensing agreements start to accelerate. |
