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Technology Stocks : XYBR - Xybernaut -- Ignore unavailable to you. Want to Upgrade?

To: Crusader who wrote (2673)	6/18/1999 6:40:00 AM
From: Dave Shoe	Respond to of 6847

Crusader, It was kind of expected. Bummer the 1,266,000 new shares have to be offered for only $3.33 (as I understand it). The Daimler news is refreshing, but I'd like to see a few more similar news items in Xybernaut's corner in order to believe they have a shot at hitting my low-ball estimate (from several months ago) of $20M this year. Right now I see $10M as a more comfortable revenue figure in '99 (I have very little experience with finance - my estimates are likely way off). I now suspect the MA-IV may have been industrially designed without cooperative input from engineering. This is a common way to design products and is really frustrating for engineering because they then are generally not allowed to change the shape or size of the package as needed. Short battery life is the result that bugs me most in this case. Add-in the aging 233MHz MMX processor with MIPS-chomping speech recognition software and I believe sales ramp-up may have to wait for the next model, assuming the next model exceeds 500MHz. (I assume the 300MHz MMX processor would work fine in the MA-IV, but the battery life would drop too much - JMO.) Xybernaut will be here in years to come. They will be huge, and they will be profitable. It's my opinion they jumped the gun on sales expectations for the MA-IV, however. This is a fine pilot-line product and will likely seed and speed sales of future products. I have significantly reduced my XYBR position (though it was doing a fine job of reducing itself) and will likely move back in only after Xybernaut sales verifiably pick up steam. My boss even sold his long-held warrants since my last post. There is a lot of upside potential here, but I see it 12-24 months out. 12 months if Xybernaut makes all the right moves. At 24 months the technology will be advanced enough that Xybernaut will sell lots of product no matter what they build. Here's to the future. And to learning more about timing stocks. Shoe.