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

To: jerryriti who wrote (175)	11/29/1997 4:33:00 PM
From: choban	Respond to of 6847

Rockwell got out of the Wearable computer business 6 months ago. They refused to accept Navy customer visits to their Cedar Rapids plant last spring. They told the Navy that they had moved their people off their Wearable product and were trying to sell their Wearable business, but had no takers. At one point they had lined up a potential buyer in Chicago, but it must have fallen through. At some point soon, the Sony agreement has to show up as revenue on XYBR's balance sheet. If there was any good news to report relative to Sony, you can bet that XYBR would have released it. Their press release on the USS Princeton was released by XYBR twice in June 1997 as PR releases and then it was placed in Defense periodicals in August without even changing the text. (I am well aware of this because everytime that they would re-release this news I got a flood of phone calls from my friends in industry and in the Navy telling me about it) Of course XYBR never mentioned that they LOANED THESE UNITS TO THE USS PRINCETON and it seems funny that their 3rd quarter write off of $129K of uncollectible product sales is about the same value as the Wearables that they loaned to the USS Princeton. They also didn't mention that this Navy customer had placed an $800K order in 1996 and a multi-million dollar order in 1997 for my company's Wearable computers.