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

To: Shane Venem who wrote (645)	5/16/1998 11:16:00 PM
From: Mike Araujo	Read Replies (1) \| Respond to of 6847

The financial stability of this Company should be measured by the strength of conviction displayed by the investors and the endorsement/commitment made by a world-class electronics manufacturer/distributor/retailer. Having been an auditor with the Price Waterhouse High Technology group for a half dozen years, I can tell you unequivocally that incurring large NOL's in an industry which is somewhat visionary is par for the course. If you disagree I'd love to hear about your specific experiences. The excitement this Company has generated is not about it's perceived financial strength or weakness. The excitement stems from the very strong words of endorsement of the Company's product by Sony and a perception that this market (wearable computing) is ready to take off.

To: Shane Venem who wrote (645)	5/16/1998 11:42:00 PM
From: neverenough	Respond to of 6847

Sometimes R&D gets expensive. There's plenty of companies loosing money that are valued much higher than companies making money and we all know the reason, future prospects, growth, earnings potential etc.. Why do you think they are able to get the "credit" they need, and more so why do you think a company like Sony would enter into a manufacturing agreement with them? The answer they have a very viable product. I think the next couple of week's will be very extreme, but once people like yourself start to realize the potential of this product I'm sure we'll be trading in the high teens regardless of the $16,000,000 in carry-over losses. If you don't like it don't invest in it, theres plenty of other fish in the sea! Nigel

To: Shane Venem who wrote (645)	5/17/1998 1:05:00 AM
From: Charger	Read Replies (2) \| Respond to of 6847

From Yahoo: Statistics at a Glance--XYBR Last Updated: May 8, 1998 Financial Strength Current Ratio (mrq) 2.29 Total Debt/Equity (mrq) 0 Given that this 10QSB is a marked improvement in per share loss, the above profile rating by Yahoo should improve. A rating of 2.29 is substantially better than ratings of .29 with a debt equity of .18 which is the kind of ratio that can be seen frequently on other stock. From the 10QSB: THREE MONTHS ENDED MARCH 31, 1998 AND 1997 Net loss applicable to holders of common stock - 1998 (1,493.0%) 1997 (2,157.7%) (a big improvement) LIQUIDITY AND CAPITAL RESOURCES (You asked where did they get their money, from a money tree?) Since its inception until the completion of the IPO, the Company financed its operations from the private sale of its securities, from vendor credit and from short-term loans received from management, stockholders and others. The specifics of the above is all outlined in the 10QSB. Somebody is believing in this company, not to mention SONY. At March 31, 1998, the Company had no material capital commitments and working capital of $1,133,104. From the 10QSB. My common sense tells me that a company like SONY does not make this kind of a contract without knowing the hows and whats of compliance. My business experience tells me that what one sees as accounting figures may look like one thing on the surface and be, in fact, a totally different thing. There is more to know and more to be explored. Also, you have only picked out parts of the filing. Regarding the lawsuit - here is the other part - On April 30, 1998, the Company filed a motion in the same court to dismiss the complaints contained in the March 19, 1998 filing by Matrix. While there can be no assurance of the outcome of this legal proceeding, the Company's management believes that the claims by Matrix are groundless and that the impact of this legal proceeding will not be adversely material to the Company's operations. No company can continue to operate with heavy losses. However, what we have is a company which has been heavily invested in their R & D, has a viable product and is, like many, a turn-around company, imo. I can quickly name (as can you) companies getting off the ground, surviving hostile takeovers, surviving bankruptcy, etc. etc. that nevertheless have a good product and go from bottom to substantial gain. Did Henry Ford arrive with the first prototype automobile and a positive cash balance sheet? Charger