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

To: rrufff who wrote (5522)	4/5/2003 12:26:16 PM
From: StockDung	Respond to of 6847

JUST THING ABOUT IT. "XYBERNAUT PIMP AND DUMP"

To: rrufff who wrote (5522)	4/8/2003 8:54:52 AM
From: Roy F	Read Replies (3) \| Respond to of 6847

Xybernaut Strengthens IBM Relationship Tuesday April 8, 8:46 am ET FAIRFAX, Va.--(BUSINESS WIRE)--April 8, 2003--Xybernaut® Corporation (NASDAQ: XYBR - News) today confirmed several recent developments related to its relationship with IBM. These developments include reaching agreements that: Revise terms and conditions of existing contracts; Provide for reliable MA V product delivery; Decrease product pricing for the MA V product line; Eliminate a significant long-term obligation; and Establish a new financing relationship; As mentioned in the Company's Fourth Quarter and Year-end 2002 results conference call, and described in the Company's 10-K recently filed with the Securities and Exchange Commission, Xybernaut has continued to refine its relationship with IBM on many levels. Xybernaut and IBM recently restructured short and long-term product obligations related to the Mobile Assistant® V (MA® V) platform. One portion of the restructuring resulted in elimination of approximately $40 million in potential long-term product purchase obligations as well as approximately $4 million in potential fees. Xybernaut and IBM also agreed to reductions in pricing of goods and services related to Xybernaut MA V products. Additionally, both companies agreed to terms for the reliable delivery of approximately $5 million of MA V products and services through December 31, 2003. "Strong partner and customer relationships have been a cornerstone of Xybernaut business strategy for more than a decade," said Edward G. Newman, chairman, president and CEO of Xybernaut. "Recently completed discussions and negotiations with IBM have considerably enhanced our long-term economic situation as well as reduced product costs for the MA V in the near term. These and other developments allow Xybernaut and IBM to continue to move forward together on a collective front in many areas."