Breaking News Alert - XYBR - WTNT more...
TOP MARKET NEWS
7:15AM i2 Tech upped to Peer Perform from Underperform at Bear Stearns (ITWO) 0.92: The upgrade is based on an inflection point in earnings during Q4, improvement in quality of earnings, and near term prospects for positive cash flow. Firm views yesterday's 27% decline as overdone; notes that it doesn't expect either the magnitude of the cash burn during the qtr or the re-audit to drag on cash flow going forward.
7:19AM Siebel Systems and IBM to announce software pact (SEBL) 8.21: Dow Jones reports that SEBL and IBM will announce today an expansion of their alliance to include software development; SEBL's next major release of its customer-management software - Siebel 8 - will run on IBM's Java-based application server WebSphere as part of the alliance (a second version of SEBL 8 will run on MSFT's .Net server as part of the SEBL-MSFT alliance announced in Oct).
7:49AM Interpore upped to Buy at First Albany; target $12.50 (BONZ) 7.14: First Albany upgrades to Buy from Hold following settlement of a patent dispute with JNJ's DePuy Acromed unit. Deal strengthens co's IP position, allowing it to to pursue litigation against other major spinal players and enhances position as a possible acquisition candidate, based on its current valuation and defensible intellectual property portfolio. Firm raises price target to $12.50 from $7.
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MOMENTUM NEWS
01/27/03... Concerns over possible military actions continue to plague the market... OTC Spotlights continue to lead the alerts... Despite the market declines, one of the Spotlights manages to post significant gains almost daily... Today it was WTNT rising 16% on co-marketing agreement with XYBR.
01/22-01/24... AVHC adding 35% on strong volume Wednesday and Thursday despite continued heavy market gloom... AVHC giving back 17% in Fridays negative market... IBXG was a winner all week and held up under Fridays poor environment...Satellite Radio Stocks XMSR and SIRI holding steady and WTNT remains on News Watch after unusual activity alerts.
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WTNT BREAKING NEWS ALERT
Witnet completes co-marketing agreement with Xybernaut(R)
Mobilick Software Combined With Wearable Computers to Provide Remote Application Management
MONDAY , JANUARY 27, 2003 01:34 PM
FAIRFAX, VA, Jan 27, 2003 (Canada NewsWire via COMTEX) -- Witnet International, Inc. announced today that it has entered into a co-marketing agreement with Xybernaut Corporation (XYBR). Xybernaut is a world-leading innovator in wireless mobile computers known as wearable computers.
Xybernaut provides wearable computing solutions through a complete line of fully functional wearable PC's known as the "Mobile Assistant" and a new line of dual-use wireless tablets known as "Atigo." The Mobile Assistant runs on most Windows operating system and the Atigo L runs on Windows CE.NET.
Mobilick supports both Xybernaut product families with unique wireless capabilities for organizations that have diverse integration needs when deploying mobile solutions. Specifically the Mobilick solution offers the ability for mobile users to remotely access and control any application on the network without the need to have the application itself running on the mobile device.
Mobilick creates a virtual "window" to applications that reside anywhere on an organization's network. Mobilick can also provide access to applications residing on even a single remote workstation. Under these configurations, the Mobilick-enabled wearable computer acts as a remote control to applications for data input, command and control.
"This capability is important because many organizations are can now realize significant return on investment by deploying mobile solutions without modifying their legacy systems," said Jason Chung, CFO of Witnet. "This mobile/wearable solution sets the foundation for enterprise implementations designed for efficiency and cost savings in the field."
"This type of use of Mobilick is a new market for Witnet having originally designed the service for wireless PDAs. The 8 inch 800X600 display of the Atigo L runs on CE.NET makes the application extremely compelling," added Chung.
This agreement with Xybernaut extends Witnet's marketing plan to integrate Mobilick as a mission critical application ideal for many commercial and consumer wireless mobile computing solutions. The two companies have already identified key end-users and will announce their first joint win which is expected to include both service and software licensing revenues.
The Company is now marketing Mobilick in Asia and North America for Windows CE devices and the product is currently a service offering in Japan and South Korea with the leading telecommunications companies in those territories.
About Mobilick
Mobilick allows control over internet-connected PCs through PDAs (Personal Digital Assistants) that are connected to the wireless internet.
By applying thin computing solutions, users can run complex applications via PDAs while using only the minimum system resources of PDAs.
www.mobilick.net or www.mobilick.net/eng/home.html
About Witnet:
Witnet International Inc., (OTCBB: WTNT) is a software development company with offices in Seoul, South Korea and Toronto, Canada. Witnet was formed in November 1999 and is headed by its founder, Mr. Mun Su Han.
Business partners include HP (NYSE:HPQ) Japan and South Korea, LG Telecom and other major technology companies. One of the main products of the company is its proprietary Mobilick system which allows the control over internet- connected PCs through PDAs (Personal Digital Assistants) that are connected to the wireless internet. This is a growing business area fueled by the convergence of technologies and wireless network capabilities. Witnet has three major business areas of mobile internet services development technologies. These include:
i.) PDA Solution including a Wireless Thin Computing Solution and aproprietary technology called "Mobilick"ii.) Wireless-Based System Integration including a Mobile ServicePlatform and a Telematics Service Platformiii.) XML Solution including an XML-Based Platform Solution: W-CMS andan XML-Based Distribution Solution: "X-Solomon"
More information about Witnet and its products can be found at the Company's website -- www.witnet21.com. For English text, choose English and then click on "Company" for a downloadable PowerPoint presentation detailing the company's technology.
About Xybernaut
Xybernaut Corporation is the leading provider of wearable/mobile computing hardware, software and services, bringing communications and full- function computing power in a hands-free design to people when and where they need it. Headquartered in Fairfax, Virginia, Xybernaut has offices and subsidiaries in Europe (Germany) and Asia (Japan). Visit Xybernaut's Web site at www.xybernaut.com.
Xybernaut, the Xybernaut logo and Mobile Assistant(R)V (MA(R)V) are trademarks or registered trademarks of Xybernaut Corporation in the USA and other countries. All other brand and product names are or may be trademarks of, and are used to identify products or services of, their respective owners.
This press release contains forward-looking statements within the meaningof The Private Securities Litigation Reform Act of 1995 (the "Act"). Inparticular, when used in the preceding discussion, the words "plan,""confident that," "believe," "scheduled," "expect," or "intend to," andsimilar conditional expressions are intended to identify forward-lookingstatements within the meaning of the Act and are subject to the safeharbor created by the Act. Such statements are subject to certain risksand uncertainties and actual results could differ materially from thoseexpressed in any of the forward-looking statements. Such risks anduncertainties include, but are not limited to, market conditions, theavailability of components and successful production of the Company'sproducts, general acceptance of the Company's products and technologies,competitive factors, timing, and other risks described in the Company'sSEC reports and filings.
Third party statements contained herein and information contained on anythird party website are not endorsed by or adopted by Xybernaut, nor hastheir accuracy been verified by Xybernaut.
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