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

To: rrufff who wrote (3400)	3/18/2000 1:12:00 PM
From: Robert Dydo	Read Replies (1) \| Respond to of 6847

Hi, I am quite surprise how many people are being easily misinformed about the whole issue. The standard formula of "ongoing concern" is present in every financial report of a company which is not producing enough revenue to support is past(financial period) operations. The equity offering can be one of many or just only one source of funds. Usually at hefty sweetener for the private placement participant. Nothing new, nothing extraordinary for XYBR. XYBR is a speculative investment in the sense of their product and future success of it. It was never a speculation to the investor, if they make 10,20 or 50M by end of 1999? This is not about revenue, not at this point at least. It is about marketing, alliances, technology, patents. Growth of sales, margins, coincidentally all of those are positive in street.com article, yet all of them and only them are the parameters use to evaluate companies like XYBR. One may argue the price valuation, by comparing earnings to revenues, but this is an old economy, as an example look at AETH and PUMA, which are wireless superstars coming from small cap. AETH is a billion $ company, the reasons here all support new economy model at work. All who sold XYBR on Friday played in new economy using old economy standards. If you don't accept "ongoing concern" formula, I am sorry you don't understand the investment, regulations and you should stay reading financial news daily checking on your mutual funds breaking new highs. There is many of DOW components which just got cheaper recently and they can be your holding for ever,accept ongoing formula can also pop in there, to surprise of all and this would be a story for Bloomberg, even for me. A REAL ONE. Going back, AETH and XYBR are valued for future earnings and future market presence, this is the speculation part, Revenues are facts of today. You don't pay for the facts of today, certainly you are not sell due to facts of Yesterday. It is amazing that 7.5 M shares was traded down simply because someone has published a standard sentence. I wonder how many people would not get a mortgage, or a loan, if someone did the same printing back of their paperwork, highlighting all responsibilities and ongoing concerns referred to the borrower. All of them still would. Why ? Because it is a common knowledge. Those who prey on weak and misinformed are scum. XYBR was in the highlight, On24 tried to knock it down, didn't work, than Bloomberg did the rest of dirty work, this time with more success. The reasons remain to be seen. What has happened on Friday is a matter of opinion to all. The facts are that XYBR have in their financial reports ongoing concern for as long as their public life. It is a fact that they have the best year yet, Over 200% growth in revenues as marker of interest, successful financing amounted to 12M in first 2 months of Y2K. If something is good for some of IBM's money it is good for mine, being just simple. Those are facts and can't be denied. The ongoing concern issue is solved right there?! Not for the accountant, Next set of financial statements will have the same wording in use. So is this it? All those who are long tonight, will probably stay that way on Monday, opportunity is most what you read from them. Shorts, those in the wrong place at the wrong time, daytraders will exceed, short or buy once again. Time will tell who will be right.