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Technology Stocks : XYBR - Xybernaut

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To: StockDung who wrote (5733)9/10/2003 7:53:15 PM
From: rrufff  Read Replies (2) of 6847
 
Truth,

Over the years, I've evolved to agreeing with you more than not, believe it or not. I grew disenchanted with XYBR when there were continuous insider sales and continued dilution. A good potential technology perhaps but a management that took advantage of what it admitted was a loyal shareholder base.

I am less concerned about history of past connections with hypesters and only hope that the notorious PR's of the past (remember the $40 million sales projection of years ago that has yet to come close to fruition) are replaced with real news of real sales (of product and not shares LOL.)

In any event, my attention has come back here in light of today's PR and some other recent ones which seem to be more "real" rather than the typical "fluff" which always makes me turn the page to another prospect.

Given today's PR, do you think this provides some justification of the future prospects for the technology? Is there a significant enough military or non-military market to justify potential revenues that would justify the market cap?

The way I look at it they have to actually sell about 10,000 machines x $4000 cost x 5 p/sales / 150 million sales = $1.33 / share. This is admittedly a very unscientific approach with many variables that can go either way. But I figure a strong growth pattern that justifies a "priced to perfection" approach justifies this share price. In management's support, I note they have eliminated just about all debt and are close to profitability. However, they have yet to show a market exists to justify a price much higher than the current one.

I'm not advocating buying because of my qualms with management. I have a small position that I retained just in case this became a major revolution in computing. I've yet to be convinced that this will happen.

I'd like to see some other pro/con opinions as well. I could go either way with this one.
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