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

To: Roy F who wrote (4759)	1/28/2002 11:42:20 AM
From: StockDung	Respond to of 6847

Xybernaut Seeks To Boost Authorized Shrs To 200M From 80M Updated: Monday, January 28, 2002 09:16 AM ET Printer-friendly version WASHINGTON (Dow Jones)--The board of Xybernaut Corp. (XYBR, news, msgs) is seeking shareholder approval to increase the number of authorized shares of common stock to 200 million shares from 80 million shares, according to a preliminary proxy filing late Friday with the Securities and Exchange Commission. The board believes the increase will provide more flexibility for Xybernaut to execute its business plan by having an "adequate" number of authorized but unissued shares of common stock. The additional authorized shares will be available to facilitate potential acquisitions, business combinations, stock dividends, stock options, stock splits, recapitalizations, equity financings and other general corporate purposes, without the expense or delay in seeking shareholder approval, the filing said. The shareholders meeting is expected to take place March 6. Xybernaut, based in Fairfax, Va., provides wearable computing hardware, software and services. -By Marc A. Wojno, Dow Jones Newswires; 202-628-9792 DOW JONES NEWS 01-28-02 09:16 AM Copyright 2002 Dow Jones & Company, Inc. All Rights Reserved.