Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote ()	12/2/1999 8:50:00 AM
From: GregChase	Read Replies (1) of 120523

<EDIT> XYBR Gapping on IBM news. Stock closed at 4 5/8 seeing 5 3/16 bid Thursday December 2, 8:30 am Eastern Time Company Press Release SOURCE: Xybernaut Corporation IBM Global Finance Extends Credit Facility to Xybernaut(R) FAIRFAX, Va., Dec. 2 /PRNewswire/ -- Xybernaut Corporation (Nasdaq: XYBR - news), the leader in wearable computing, today announced IBM Global Finance had extended Xybernaut a $4 million credit facility, under which Xybernaut will receive a term loan of $1 million against inventory and a $3 million credit line to finance large customer purchases from purchase order through conversion into accounts receivable. Edward G. Newman, president and chief executive officer of Xybernaut, commented, ``We are very pleased with this credit facility not only because it provides us with substantial flexibility to finance our inventories and receivables, but because it was structured to provide financing for larger orders. We look forward to expanding our relationship with IBM Global Finance to take advantage of their worldwide presence, vast financial resources and unique understanding of technology markets as we develop the market for wearable PCs and our next-generation products.' About IBM Global Finance

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