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


To: Roy F who wrote (5653)7/9/2003 2:34:57 PM
From: StockDung  Read Replies (1) | Respond to of 6847
 
Wow Roy, about 2.7 million in rev. lol. Unfortunatly this is not more revenue than my local gas station has in any given quarter. LOL gotta love this quote

"While he was unwilling to be more specific"

Xybernaut Issues Upbeat 2nd-Quarter Outlook
Wednesday July 9, 11:04 am ET

FAIRFAX, Va. (Dow Jones)--Xybernaut Corp. expects to report second- quarter revenue more than 50% above first-quarter levels, which would work out to more than about $2.7 million.
In a press release Wednesday, the wearable computing equipment company said the preliminary results are based on gains in its hardware and consulting revenue.

While he was unwilling to be more specific, Xybernaut President Steven Newman said the second quarter's anticipated growth and record revenue "sets the stage" for similar gains in the future, adding that the company has significant visibility into its customers' future implementation strategies.

Xybernaut said its long-term view is based on the anticipated effects of cost- cutting programs, beneficial financings, intellectual property licensing strategies, strategic partnerships and the securing of key accounts in the transportation, retail, military and homeland security sectors.

In the second quarter ended June 30, 2002, the comapny had revenue of $2.01 million.

Xybernaut recently traded on Nasdaq SmallCap Market at 71 cents, up 14 cents, or 24.6%, on composite volume of about 21.0 million shares. Average daily volume is about 3.4 million shares.

Company Web site: xybernaut.com

-Andrew Wallmeyer; Dow Jones Newswires; 201-938-5400



To: Roy F who wrote (5653)7/9/2003 3:56:38 PM
From: StockDung  Respond to of 6847
 
But Roy, did they sell any MAVS? ANY? Best sales ever with just about NO MAV Sales?

Its a Mad Mad Mad Mad Mad World

At lease we can still laugh



To: Roy F who wrote (5653)7/9/2003 9:15:59 PM
From: StockDung  Respond to of 6847
 
YET ANOTHER FRAUDULENT PROMOTER TIED TO XYBERNAUT

macreport.net

==============================================

A little more about the Macreport

---------------------------------------

February 25 , 2003

Stocklemon Reports on Macreport.net

Say Goodbye to the Mac….Hello to the SEC.

We at Stocklemon have been following the Macreport.net for some time now and this report could have gone many ways. We could have discussed how the CEO is a former stockbroker with customer complaints, or we could have discussed how the company has a $60 million market cap with a little more than $24,000 in the bank. We could discussed the payments to the CEO's consulting company. But those are just bad business. This report would rather focus on the illegal.

Illegal Stock Promotion

Macreport receives compensation from its clients to put out company profiles. Yet, in their disclosure they fail to mention how much cash or stock they receive and from who they receive it from. This is a major violation, and one that the SEC has been enforcing with a mighty arm. The Statute is listed in the Securities Act of 1933.

Section 17b, Securities Act of 1933

"It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof." (15 U.S.C. § 77q(b).)

In 1998, the SEC’s Internet Enforcement Unit wielded a heavy hand in doing a broad sweep containing 23 actions against 44 companies and individuals committing fraud over the internet. It was then that former head Director Of Enforcement Richard Walker said clearly that it is illegal to publicize a security if you are being paid unless you disclose three things. “The first thing that is required to be disclosed is nature of the compensation you are receiving, whether it is cash, or whether it is stock. The second is the amount of compensation you are receiving. And the third is the source of the compensation.”
techlawjournal.com

This is the Macreport’s blanket discussion of compensation in an inadequate blanket disclosure for the site.

“ These companies (or some of these companies) have retained us to perform investor relation services including promotional services that consist of the placement of the profiled companies on our website. Such compensation has been or will be made in cash and or issuance of securities of the profiled company. We may liquidate any securities that we receive as compensation when deemed appropriate to do so, however, we generally liquidate such securities upon receipt thereof prior to performing any services for such company. Such liquidation may have a negative impact on the securities being liquidated.”

Compare this with proper disclosure. Here is the OTC Journal’s disclosure on this month’s profile stock.

“Click Here to view our compensation on every company we have ever covered, or visit the following web address: otcjournal.com for our full profiles and otcjournal.com for Trading Alerts. MarketByte LLC has been paid of fee of $75,000 directly by Shep Technologies, Inc. for coverage for a period of six months. An additional fee of 100,000 free trading shares has been paid by a third party.

otcjournal.com

Catch 22

The Macreport faces an interesting dilemma. If they put out how much they really receive from each client, they would lose their ability to generate higher fees from prospective customers and they would have to show the world how little their true revenues are before the mandatory filings. But if they do not put out the compensation than they can still dream of the high paying client.

Conclusion

Stocklemon believes that Macreport will get halted by the SEC and investigated for their practices. A stock promotion site should never be a public company and we scold the management of this company for the lack of imagination and intellectual prowess that they would actually bring this website public.

PS. The Macreport.net did not pay Stocklemon any cash or stock for the dissemination of this report.

Disclaimer:
Stocklemon.com does not guarantee in any way that it is providing all of the information that may be available. We recommend that you do your own due diligence before buying or selling any security. At any times the principals of Stocklemon.com might hold a position in any of the securities profiled on the site. Stocklemon.com will not report when a position is initiated or covered. Each investor must make that decision based on his/her judgment of the market.



To: Roy F who wrote (5653)7/14/2003 12:19:33 AM
From: StockDung  Respond to of 6847
 
XYBERNAUT EXPECTS REVENUES TO BEAT FIVE DUMBEST THINGS ON WALL STREET NUMBERS

The Five Dumbest Things on Wall Street

5. Sorry, Wrong Numbers
As a follow-up to last week's report about a curious correction from mining company Century Laboratories (CYLI:OTC BB - news - commentary - research - analysis), we've located another one, this time from wearable-computer company Xybernaut (XYBR:Nasdaq - news - commentary - research - analysis).

In a July 1 press release, the company reiterated guidance for the second quarter ended one day earlier, and CEO Edward G. Newman proudly announced, "We begin the third quarter with the largest backlog in the company's history."

Two days later, however, the company had a different story. In a press release issued while we at the research lab all were heading out to the beach for a long July Fourth weekend, Xybernaut said in fact that revenue for the second quarter looked to be about 30% below Monday's so-called guidance, because "significant orders outside the U.S. did not occur as anticipated."

Not only that, but Newman had misspoken Monday when talking about Xybernaut's record backlog -- a term usually applied to orders on hand but not fulfilled. It wasn't the backlog that was at record levels, said Xybernaut; it was the company's "current pipeline of potential orders."

Oops. Well, we have a message for all the shareholders who bought after Monday's reiteration -- the stock jumped as high as 53%, to 84 cents -- but before Wednesday's retraction, after which shares fell back to 60 cents. In the world of wearable computers, sometimes things aren't exactly black and white.