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

To: Charles Broderick who wrote (2855)	10/28/1999 10:26:00 AM
From: Rande Is	Read Replies (1) \| Respond to of 6847

Anyone wish to place a new valuation on XYBR? . . after today's 2.8 mil "initial" purchase of units. . . which is 4X average quarterly revenues. . .this is the first of further such deals expected. Adding to long term position. Not playing on swing. XYBR has been the victim of P&D tactics several times. . .mostly for the purpose of overinflating the warrants. . .but that is the past and irrelevant to today's announcement. . . the company is clearly a real biz and are actively enforcing their patents on wearable computers. . .as seen in the recent settlement with TERN. 1999 was a year for sending out demos of wearables. . .they claim to have shipped to top institutions, corporations and government agencies around the world. . . now it is time to start hauling in the catch. . . .today's 2.8 mil was the first. . . Only question now, is whether they have sufficient financing in place to manufacture such large orders. . . and if not, what their plan is for raising such capital. Anyway. . .interested in opinions on a new valuation based on this new revenue stream. Congrats to those patient enough to ignore near-term games and focus on broader picture. Rande Is

To: Charles Broderick who wrote (2855)	10/28/1999 11:02:00 AM
From: Dave Shoe	Read Replies (2) \| Respond to of 6847

>>>This order is valued at $2.8 million and may be >>>adjusted for changes in configurations and >>>requirements. The momo has cooled down, so I'll give my eval: I am similarly glad that I bought Xybernaut last year. I'm just sorry I chose to hold it as a speculative investment. Nowadays I tend to avoid speculative stocks, having developed the motto, "P.R. is B.S.". I now need more substance behind any stock that I hold. The most important note in today's P.R. is that it is a reseller who appears to be "placing a tentative order", not an end user "making a purchase". (The story would be different had it been Ford or Boeing placing the order.) The P.R. statement, "This order is valued at $2.8 million and may be adjusted for changes in configurations and requirements" suggests it is an open-ended guestimate (a S.W.A.G.) made by the reseller, and does not necessarily represent buyer interest any more than the "25,000 units in 1999" P.R. did last year. Yesterday, while shopping, I really wished I had a mobile PC in my car, because I wanted to make some "price comparison" calls and map out store directions. I imagine in five years many cars will have built-in PC/internet capability. Still, I found no interest in the notion of wearing a PC into the store. Maybe when wearables become REALLY teeny, and battery life is not a significant problem (note that JM won't mention how quickly the batteries drain when the MA-IV is "being used", except to say it's significantly less than what they specify), AND when more shops have price lists on-line, I might be willing to carry a PC into a store (or in public), but the current iterations of wearable computing, or the next version - which I believe will have a killer CPU and a more practical plastic shell - still won't do it for me. Also, assuming car PCs eventually take on a potentially "wearable" form-factor, who will pay royalties to XYBR if Chrysler "looks the other way" when a clothing vendor makes the decision to create a belt which just happens to hold the PC. Hmmm. Regarding consumer interest in wearables, I see some other holes in the concept, but still see real industrial interest - possibly starting as soon as a year out. Somewhat soured to be sure, I was unwilling to hop on todays XYBR momo because of the lack of substance in the P.R. I think a lot of people recognized this. Shoe.