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

To: rrufff who wrote (3682)	3/24/2000 3:53:00 PM
From: danderso	Read Replies (1) \| Respond to of 6847

1) you still did not show where he said the company posted that stuff 2) show where I bashed.

To: rrufff who wrote (3682)	3/26/2000 3:47:00 AM
From: Wolff	Read Replies (1) \| Respond to of 6847

Rruff, yes I did post the XYBR MSNBC article which questions the financials of a XYBR. While you may think that it being 2 days old or 5 days old makes the news no longer applicable, I do not share that view. I personally am at odds with what I learned when I took my required accounting classes in college. When an independent auditor puts out a growing concern it is not trivial IMO. The CEO discounted the auditors remarks, however, I find the independent auditors comments more telling and more concerning. I still believe that the independence of auditors to public company's provides a valuable service to the Public Investing Community. I am personally disgusted with the implications of the CEO who maintains that an auditors "growing concerns", should be considered "normal". Hasta See below........ ======================================= msnbc.com Here is a snippet Finally, we'd certainly be remiss in our effort at balanced and fair reporting not to point out that the company, which at latest look has only 78 full-time employees, has racked up more than $48 million in an accumulated deficit since its inception and has yet to turn a dime of profit on anything. But be that as it may, the one area in which we would like to go on record as expressing, in our Constitutionally protected opinion, that Xybernaut's press release is full of baloney, is where Newman argues that "going concern" auditor flags are ordinary and commonplace auditing expressions for "growing companies?seeking to establish cash flow histories." No company - big or small, young or old, profitable or drowning in losses - views a "going concern" qualification as anything but bad news from an auditor. Auditors include these qualifications when, in their opinion, the companies whose books they are auditing face serious threats to their ability to carry out their business objectives without fresh sources of capital, which may or may not be available to them. the CEOs PR is here xybernaut.com ======================