SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : XYBR - Xybernaut -- Ignore unavailable to you. Want to Upgrade?


To: Roy F who wrote (5692)8/5/2003 9:34:26 AM
From: StockDung  Respond to of 6847
 
Roy, what can I say? but

HA HA HA THE PROMOTION TO HYPE THIS THING CONTINUES AND ITS A LAUGH A DAY.

reminds me of older press releases which they sold hardware. no? Yet no MAVS.



To: Roy F who wrote (5692)8/5/2003 9:56:15 AM
From: StockDung  Respond to of 6847
 
Myth: We are filing dozens of patents which protect us from competition.

   Truth: Internet patents granted in the United States are a false gold rush. First, many of them are granted based on poorly prepared applications that include no patent prior art. Second, many patents ignore non-patent prior art. Xybernaut claims to have invented wearable computers in the '90s, even though certain geeks have published articles about wearing their computers and digital cameras since the early 1980s. Third, patents are granted for fancy descriptions of common Internet technology, not for anything remotely approaching something novel or non-obvious. Amazon.com has found itself victim of a boycott led by Richard Stallman. He claims that Amazon told an outrageous lie to win its one-click shopping patent-infringement case against barnesandnoble.com.


charmed.com



To: Roy F who wrote (5692)8/5/2003 10:49:24 AM
From: StockDung  Respond to of 6847
 
ROY, IS A "DEPLOYMENT" A SALE? "recent hardware deployment totaling approximately $600,000 related to wearable computing programs within the United States Armed Forces."



To: Roy F who wrote (5692)8/5/2003 7:34:45 PM
From: StockDung  Respond to of 6847
 
The HUGE(lol) 600K Military Sale COSTby: yeeoouucch
Long-Term Sentiment: Strong Buy 08/05/03 06:56 pm
Msg: 378714 of 378724

The HUGE(lol) 600K Military Sale COST xybr OVER $1,800,000(using last years 10K Figures Cost Per Sale Percentages 100% Sale Price = 301% Cost of the 100%, that lil Buddies is BK Numbers >impo<, But I'm SURE you ALL know that and it's NOT Important, IS IT?) Soooooooo xybr LOST over -$1,200,000 on Todays GREAT Military Contract You ALL have been Waitin For for YEARS,Ye SUCKAROOOSKIES! ODDlotters will NEVER Learn BUT REMEMBER xybr and Da OFFSHORE MILLIONAIRES LOVES Ya BUNCHES and Bunches!Hell, who ELSE ALWAYS Takes em Outta the Huge Discounted Stock they Buy in the PPs OOOoops How Bout those INCREDIBLE Repriced Warrants somes as LOW as .05+/- I Forgot They REALLY REALLY Love ya!



To: Roy F who wrote (5692)8/6/2003 8:48:58 PM
From: StockDung  Respond to of 6847
 
CYBERNUTS ROY, SHOULDN'T IT HAVE BEEN XYBERNUTS?
-----------------------------------------------

contraryinvestor.com

CYBER NUTS?...Anecdotes of the mania are plentiful these days.  We have refrained from telling our fair share of stories, but this one is a special example of "blind faith".  An acquaintance of ours has owned a company called Xybernaut for a few weeks.  When he originally told us of his investment, he only knew the stock symbol and hadn't a clue as to what the company did for a living.  Of course it was a tip.  XYBR is a BB stock that has risen from the low single digits to the low $20's over the last six months, after a brief rest stop in the high $20's.  Last Friday, a story crossed Bloomberg about 1 hour prior to the close stating that the company's new auditors, Grant Thornton, had issued a "warning of substantial doubt about the wearable computer maker's ability to continue as a going concern because of continuing losses and a need for more capital".  The company's prior auditors, PriceWaterhouseCoopers, were fired last Sept 13.  PWC had also rendered a "going concern" warning.  Management was quick to rebut the Bloomberg article stating it was comfortable with the company's financial position and that auditor notes regarding going concern doubt had been in its financial statements each quarter since originally going public.  How reassuring.

What may be more interesting is that in the Bloomberg article, notes from Xybernaut's annual report revealed that the company had been selling unregistered stock in January and February of this year well below the market price of the trading stock.  Unregistered stock was sold in January by the company for $3.80 per share.  In the open market, the low trade for the month was $5 9/16 and the weighted average price for the month was $11.20.  The company borrowed $3 million in January at 10% and issued the lender warrants to purchase shares at 10 cents as an inducement.  Nothing here is illegal and, in fact, none of these actions are uncommon in the new world.  The stock was hit for a loss of almost $5 1/2 last Friday, but quickly recouped the entire drop as of today's close.  (After all, they'll be on CNBC's "The Edge" program tonight.)  We really do not know Xybernaut and do not pass judgment on the company's investment merits.  This is just an anecdote of the faith investors are putting in as of yet unproven companies without profits.  As you would imagine XYBR took top honors in the last few days on chat boards such as Raging Bull and the Yahoo posting boards.  Maybe we are simply comparing apples to oranges, but can you imagine if P&G's auditors issued a going concern warning and you found out that they were selling unregistered stock well below market price?  Then again, maybe P&G would have just washed out their auditor's mouths with soap.

contraryinvestor.com



To: Roy F who wrote (5692)8/11/2003 8:04:28 AM
From: Roy F  Read Replies (1) | Respond to of 6847
 
XYBERNAUT® REPORTS 56% INCREASE IN SECOND QUARTER REVENUE

Hardware Revenue Increases 115%; Equity Balance and Cash On-Hand Improve Significantly

FAIRFAX, VA, August 11, 2003 - Xybernaut Corporation (NASDAQ: XYBR) today announced that total revenue for the second quarter of 2003 (three months ended June 30) was $2.8 million, a 56% increase from the preceding first quarter of 2003, and a 38% increase from the comparable period in 2002.

As of June 30, the Company had no long-term debt, a stockholders' equity balance of over $11 million and more than $5 million of cash on-hand. Subsequent to June 30, the Company also reported that it had raised an additional $3 million through warrant exercises.

Hardware revenue for the second quarter of 2003 was $1.8 million, a 115% increase from the first quarter of 2003 and a 53% increase from the second quarter of 2002.

Gross margin from hardware sales increased to 33% for the three months ended June 30, 2003 as compared with 12% for the three months ended June 30, 2002. Margin for consulting and other sales increased to 38% in the second quarter of 2003 versus 34% in the second quarter of 2002.

The net loss for the second quarter of 2003 decreased over 50% to $3.3 million from the second quarter of 2002. The net loss per share also decreased to $0.02 per share from $0.10 per share in the prior year.

"The Company is moving in the right direction in virtually all areas. We are pleased with our second quarter results and especially the record revenue levels that we achieved. We are determined to do even better on all fronts as we move forward and my outlook remains highly positive," stated Steven A. Newman, Xybernaut president.

Thomas D. Davis, senior vice president and CFO, added, "We have continued our cost cutting efforts into 2003, streamlined operations and, with significant cash on-hand we now believe that we have more than enough capital to last us through the end of the year.”

"From recent meetings with executives of some of the world's largest companies, I've seen first hand that these business leaders recognize that wearable computing has moved from a possible to a preferred mobile computing solution," stated Edward G. Newman, chairman and CEO. "Our primary objective is to steadily increase stakeholder value by leveraging these relationships and others as well as our expertise and successes to produce tangible results."

Conference Call
Edward G. Newman, chairman and CEO; Steven A. Newman, president and COO; and Thomas D. Davis, senior vice president and CFO will host a conference call starting at 8:30am Eastern Time today (August 11) to discuss the results. The conference call can be accessed via telephone by dialing toll free to 888-428-4480 from within the U.S. or 612-288-0318 from outside the U.S. and asking for the Xybernaut Corporation Second Quarter 2003 Financial Results conference call.

A re-broadcast of the call will be available from 12:00pm Eastern Time today (August 11) until 11:59pm Eastern Time on August 12 by dialing 800-475-6701 from within the U.S. or 320-365-3844 from outside the U.S. and entering the following Program Access Code – 694645.

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 (U.S.), Xybernaut has offices and subsidiaries in Europe (Germany) and Asia (Japan).

Xybernaut, the Xybernaut logo and Mobile Assistant® V (MA® V) and Atigo™ 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 meaning of The Private Securities Litigation Reform Act of 1995 (the “Act”). In particular, when used in the preceding discussion, the words “plan,” “confident that,” “believe,” “scheduled,” “expect,” or “intend to,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the Company's products, general acceptance of the Company’s products and technologies, competitive factors, timing, and other risks described in the Company’s SEC reports and filings.