Sen. George Allen and Xybernaut Corp. (a Fristian or Harkenian situation?)

[barbaraann]

George Allen is listed as a Director of Xybernaut:
http://www.congressmerge.com/onlinedb/cgi-bin/newmemberbio.cgi?member=VAJR&site=congressmerge
See Memberships, bottom right
Note: I cannot verify that this is current because there is no listing of Directors on the Xybernaut website.


Stock price chart for Xybernaut:
http://moneycentral.msn.com/investor/charts/chartdl.asp?Symbol=US%3AXYBRQ


Government Computer News
August 23, 1999; Vol. 18 No. 27
PEOPLE ON THE MOVE

George F. Allen has accepted a position on the board of directors of Xybernaut Corp. of Fairfax, Va. Allen, former governor of Virginia, will help market the company’s newest wearable computer product, the MA-IV.
http://www.gcn.com/vol18_no27/news/462-1.html


Xybernaut produces mobile solutions for:
* Transportation/Aerospace
* Retail
* Health Care/Education
* Telecommunications/Media
* Hospitality
* Government/Military
http://www.xybernaut.com/


In 1997 then Gov. Allen of Virginia announced this deal:
Governor Allen Announces High-Tech Deal For Fairfax County
- - Xybernaut Delivers -

"The support given to Xybernaut by the Commonwealth and especially Governor Allen has greatly aided the rapid consummation of both manufacturing and software capabilities that we believe will allow Xybernaut and its 'see-and-speak' technology to dominate the computer marketplace," said Dr. Steven A. Newman, Co-Chairman, Xybernaut Corporation.
...
http://66.102.7.104/search?q=cache:GnG5lCoeLfUJ:yesva.com/news/news_print.aspx%3Fnewsid%3D228+xybernaut+corporation+george+allen&hl=en&client=firefox-a


Washington Post
Xybernaut Hid Gathering Storm In Bright Forecasts
By Ellen McCarthy
Thursday, April 21, 2005; Page E01

In December, Xybernaut Corp. issued 12 glowing press releases, each one trumpeting its grand successes in "mobile computing" -- the phrase it uses to describe its line of gadgets built into work clothes for soldiers, stock clerks and others.

The month before, there were another dozen. In all, the little Fairfax company put out more than 110 releases last year to tell investors just how well it was doing.
...
Xybernaut did have some success selling its technology to customers such as grocery chain Tesco PLC and the Army. But the adoption of wearable computers has been too slow, said Tim Shea, senior analyst at Venture Development Corp. "They've been sowing the seeds pretty well, but part of the problem is that they have this line of products that were a little on the big and bulky side and had battery problems," Shea said. "I know that they spent a lot of money, they were developing new products all the time, but they didn't have enough sales to make any money."

Xybernaut was founded in 1990 by Edward G. Newman, whose brother Steven A. Newman joined the company four years later. The company went public in 1996, and its stock traded as high as $29.97 in 2000. It closed yesterday at 27 cents. The company has disclosed a delisting notice from the Nasdaq Stock Market.
...
http://www.washingtonpost.com/wp-dyn/articles/A6307-2005Apr20.html
(Funny, the WAPO doesn't mention Sen. Allen's connection with Xybernaut.)


Xybernaut's Hatchet Job
A Ghoulish Trick for Halloween
By Rich 'Tricky Dick' Smith
October 27, 2004
The company is wearable computer maker Xybernaut (Nasdaq: XYBR). Since it first set up shop in 1990, the high school class of 2008 has been born, potty trained, learned its alphabet and times tables, and started its first year of high school -- but Xybernaut still hasn't earned a penny of profit. On the contrary, over the course of its existence, Xybernaut has destroyed about $160 million of shareholder wealth.
http://www.fool.com/News/mft/2004/mft04102716.htm


Xybernaut Corporation Forms Homeland Security Division, Features ShotSpotter
Newly Created Unit Developed to Respond to Growing Demand from Government and Private Sector for Xybernaut Security Solutions

FAIRFAX, Va .— Jan. 6, 2005 — Xybernaut Corporation (NASDAQ:XYBR - News) today announced the formation of a Homeland Security division. The unit was created as a result of strong demand from both government and private sector customers for the company's homeland security and emergency preparedness solutions - including both systems and services.

Xybernaut systems and services are currently being used by all branches of the U.S. Armed Forces and have been deployed into several homeland security applications in the primary areas of emergency preparedness, critical incident response and site security.

Recently, the United States Department of Homeland Security recognized Xybernaut with an award for Outstanding Leadership in Emergency Data Interoperability....
http://www.shotspotter.com/xyber_pr0105.htm


The SEC is investigating:
The U.S. Attorney's Office has opened an investigation into Xybernaut's business. Its independent auditor, which severed ties with the company last month, has contacted the Securities and Exchange Commission with information from its own audit committee investigation.
http://www.bizjournals.com/washington/stories/2005/05/09/daily9.html


In 2003, Sen. Allen reported owning no stock or stock options in Xybernaut. I wonder if he ever owned any and if he did, when he sold.
http://www.opensecrets.org/pfds/pfd2002/N00009957_2002.pdf