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To: Sarmad Y. Hermiz who wrote (125649)	5/29/2001 10:11:24 AM
From: H James Morris	Read Replies (1) \| Respond to of 164685

In hindsight I wish I had not jumped back into SunW at 32. But what can I do about now? Btw At least the boyz at XYBR are honest. >Fairfax, Virginia, May 25 (Bloomberg) -- Xybernaut Corp.'s Chief Executive denied speculation that the maker of computers worn on the human body will soon receive a $750 million contract from International Business Machines Corp. Xybernaut shares surged 40 percent after several dozen postings appeared on Internet message sites maintained by Yahoo! Inc. that said the company won a $750 million IBM contract. ``The rumor mills are roaring,'' Chief Executive Edward G. Newman, wrote in an e-mail, the contents of which were obtained by Bloomberg News. ``I just want to assure you all in writing for the record that Xybernaut was not the source of any of these rumors, and we have been denying them whenever we have the opportunity to do so.'' Newman declined an interview request. John Moynahan, chief financial officer, declined to comment. ``I really can't comment on rumors,'' he said. ``Xybernaut buys technology and manufacturing services from IBM,'' said Tara Sexton, an IBM vice president. ``The relationship hasn't changed for two years.'' Xybernaut shares rose $1.43 to $5.46 on trading of 6.9 million shares, or 15 times its average trading volume for the past three months. The stock, which is listed on the Nasdaq National market, traded as high as $5.67. The company's loss grew to $24.2 million, or 63 cents a share, in 2000 from $18.5 million, or 76 cents a share, in 1999. Average shares outstanding increased to 38.5 million from 24.2 million, as revenue increased to $9.5 million from $8.3 million.