YET ANOTHER FRAUDULENT PROMOTER TIED TO XYBERNAUT.
MORE TO FOLLOW
RAM Capital Announces Investment Opinion on XYBR
Cites Strong Expected Revenue Growth
Nov 29, 1999 RAM Capital Management of Palm Beach Florida, has initiated an investment opinion on Xybernaut Corporation, (NASDAQ: XYBR). We believe that the company has entered into what may be their greatest period of accelerating revenue and earnings growth, making the stock undervalued at the $4.00 level.
Recent impressive strength in the stock of XYBR, has encouraged us to state our opinion earlier than we initially anticipated. This analyst has noted a recent upsurge in media coverage for "Wearable PC's" without mention of Xybernaut's Patented Mobile Assistant; first on CNBC on Friday Nov. 26, then on the front page of the business section of the Ft. Lauderdale Sun-Sentinel, Saturday, Nov. 27, 1999, and on Fox TV Sunday during the X-files. Although the media coverage this past week has been featuring a product manufactured by the Japanese unit of IBM (NYSE: IBM), and camera maker Olympus, we feel that all wearable ships will rise with the tide and that Y2000 will be the year of the Wearable PC. IBM confirmed their entrance into the wearable market yesterday in a press release.
Xybernaut currently holds 450 patents surrounding the wearable computer and its usage and on Nov. 15, 1999 won the coveted Grand Prize for Best PC Product at Comdex Japan, for its future-forward technology and its outstanding product design and engineering, beating out 100 other candidates. The award presentation was widely covered by the Japanese press. We feel it is only a matter of time before Xybernaut and "wearables" becomes a household word.
America Online, (NYSE: AOL) was featured in the Dec. 6, 1999 edition of BusinessWeek, outlining their plan to get inside every information appliance. The article focussed on their alliances with Gateway, (NYSE: GTW), to develop internet appliances and home networking devices; 3Com, (Nasdaq: COMS), to develop AOL branded handheld organizers and AOL's email on the Palm handheld device; Motorola, (NYSE: MOT), to put AOL's Instant Messenger on their new wireless devices, and Direct TV, (NYSE: GM), to bring AOL to the TV screen. The one area that wasn't mentioned was the wearable computer. It seems reasonable to us, that eventually an AOL, or similar industry giant, will turn towards Xybernaut, and bring either AOL, Microsoft, (Nasdaq: MSFT), or other online service provider to the wearable world.
This analyst has personally viewed a demonstration of the XYBR MA-IV with attached hydrogen sensors manufactured by DCH Technology, Inc. (OTC BB: DCHT), in April 1999 at the National Hydrogen Associations annual conference, in nearby Vienna VA. The combined MA IV with the Robust Hydrogen Sensor was a crowd thriller, as there has never been real time critical data retrieval combined with reference data available to the hydrogen safety industry; which is estimated at a current $440 million annually, and growing. We believe that the remote hydrogen sensing market will be just one of the many industries where the Xybernaut MA-IV, will prove to be invaluable as both a life saver in hazardous environments and in the maintenance and inspection of plant machinery and equipment. One such application currently under study is the $9 billion annual highway and bridge infrastructure industries, and the multi billion nuclear power and petrochemical industries, where we expect XYBR and DCHT to build a formidable presence.
After dropping as low as $1.00 per share in September, XYBR has rallied impressively to a high of 6 3/8 on Nov 14.
Despite profit taking, the $4.00 level appears to have held, and may now be support. We believe this sets the stage for a resumption of the advance.
Because of it's highly volatile trading history, we have chosen not to put a price target on the upside potential of this stock; at this time. We do note however, that XYBR's 1998 high was $12 1/2, in May 1998, and it would be logical to expect selling at that level, if it were reached. At approximately 24,000,000 shares outstanding, XYBR at $4.00 has a market cap of only $96 million. With the expected launch in Y2000 of the IBM and Olympus product, (that doesn't even have a keyboard yet), it is our opinion that Xybernaut's MA-IV, with its patented and field tested keyboard design, and voice activated command features, will be the major beneficiary of this international marketing campaign, and is the basis of our investment opinion.
About Xybernaut Corporation:
Xybernaut Corporation is the leading provider of wearable computing hardware, software, and services. The company's patented wearable computers allow users hands-free, feet-free access to information in the computer's internal storage, in local area networks and on the Internet on an as-needed, where-needed basis. Xybernaut's software is designed to provide users with the right information when and where it's needed, using consistent navigation techniques and screen presentations. With the MA IV, customers realize immediate savings in maintenance and repair, diagnosis, inspection, inventory control and data collection procedures. Key industries using Xybernaut's products include manufacturing, distribution, transportation, government, and utilities. Headquartered in Fairfax, Virginia, Xybernaut has offices and subsidiaries in Europe (Germany) and Asia (Japan).
Xybernaut's web site at xybernaut.com
Xybernauts' products can also be viewed at copower.com
About RAM Capital Management:
RAM Capital Management is a privately held investment bank and venture capitalist firm with principal offices located in Palm Beach Florida, and a satellite office in New York City.
RAM's latest Investment Opinion was on DCHT, and is located at businesswire.com
For further information regarding this report contact:
Steven Oshinsky, GM at 561-338-3390
ramcapitalmanagement.com
Email: info@ramcapitalmanagement.com
Disclaimer: RAM Capital Management is not a Registered Investment Advisor or a Broker/Dealer. RAM has prepared this report independently of XYBR, and is not in any way contracted to XYBR. The material is from publicly available sources believed to be factual, but does not guarantee its accuracy or completeness. This is not an offer to sell or the solicitation of an offer to buy. These forward-looking statements are based on current expectations and differences can be expected. Any opinions expressed are subject to change without further notice, and may not necessarily be reprinted in future publications or elsewhere. The reader assumes responsibility for any loss arising from any use of this report or its contents. Pursuant to Section 17(b) of the 1933 Act, RAM advises the readers of this electronic document that it has not received any fees or compensation of any kind for this report and does not currently own shares of XYBR. RAM reserves the right to purchase and sell XYBR shares on the open market at any time after the release of this report. |
