Xybernaut soars after Sony deal
Reuters Story - May 14, 1998 11:21
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NEW YORK, May 14 (Reuters) - Shares in wearable computer
maker Xybernaut Corp. soared on Thursday, a day after
the company said it was finalizing a manufacturing deal with
Japan's Sony Digital Products Inc, a Sony Corp.
affiliate.
Thursday, the stock was up 1-17/32 at 4-1/2 in brisk
trading on the Nasdaq.
Company officials were not immediately available for
comment.
The Fairfax, Va.-based company said Wednesday it met with
Sony to finalize a manufacturing agreement. Sony will make
Xybernaut's Mobile Assistant (MA IV), a wearable computer,
Xybernaut said in a release.
"We believe that the MA IV will be the leading wearable
computer on the market," Edward Newman, Xybernaut's president
said in the release.
Tuesday, Xybernaut introduced webAssist, a software product
that allows users to navigate the World Wide Web and Intranets
by voice.
Xybernaut provides hardware, software and service solutions
to the wearable computing industry. |
