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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Big who wrote (53540)	12/29/1999 6:35:00 PM
From: puborectalis	Read Replies (1) \| Respond to of 108040

Xybernaut(R) Concludes Successful Annual Meeting All Proposals Passed - Strong Future Seen in Convergence Of Wearable Computing and Communications FAIRFAX, Va., Dec. 29 /PRNewswire/ -- Xybernaut Corporation (Nasdaq: XYBR - news), the leader in wearable computing, today announced that its well-attended annual meeting resulted in the shareholders voting overwhelmingly to pass all proposals. Shareholders were also provided with a presentation by Edward G. Newman, president and CEO, on the highlights of the past year and the outlook for the future. Mr. Newman noted that the Company expects three phases in the development of the market for wearable PCs: establishment of the technology and market awareness, sales in commercial markets, and sales in consumer markets. He felt that several factors pointed to the completion of the first phase, such as: the Company's Mobile Assistant® IV (MA IV(TM)) winning Best PC Product at Japan's Comdex; IDC's market study on wearable PCs that forecast near-term annual revenues of over $600 million for commercial sales in the U.S. alone; the emphasis on wearable PCs by such companies as IBM, GE, Olympus, DynCorp, Boeing and Firestone; and the continuing discussions between Xybernaut and IBM, as well as other world technology leaders, on a variety of potential joint activities in wearable computing, including production, licensing, development of future generation products, marketing, sales and development of supporting technologies. The commercial market is expected to continue developing over the coming year and will focus on the half of the U.S. workforce and the 137 million people worldwide who do not work at a fixed location and don't have ready access to their organization's information technology. Mr. Newman noted that the MA IV is the ideal tool to leverage information technology to this ''other half'' of the workforce. The consumer phase is expected to begin late in 2000 with products that will provide computing and communications solutions expected to open up vast new markets for the Company's products. Mr. Newman also commented that future generations of the Mobile Assistant will be well positioned to serve as the delivery platform for the high-bandwidth wireless services that are scheduled to be introduced in the next few years. Mr. Newman noted that the Company's intellectual property position has been further strengthened and that the Company currently has over 450 patent applications pending or issued worldwide. Mr. Newman concluded that the Company's patents in core computing have the potential to open up markets far beyond wearable PCs, and to provide the ''ubiquitous and pervasive'' computing that many companies and industry observers believe is the wave of the future.