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Technology Stocks : General Magic

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To: VIPER85730 who wrote (5522)	3/10/1999 10:08:00 PM
From: Seconds Out	Read Replies (3) of 10081

It is hard to reconcile the disposition of Dr. Markman and the CFO with the revenue figures. They seem clearly focused on some long term events that gives them some peace of mind. It certainly doesn't help the short term pain which it appears is about to be intensified. They seem at ease with their financial situation. They talk of building another NOC to increase users five fold. What do they know that we don't? The public information tells a different story of time quickly running out, no financing in place, an unhealed wound from the last round of financing, and a still somewhat uncertain time frame for revenue growth. Something doesn't add up. Are they really going to go another round of debt financing or do they know a deal is in place to sell a portion of the company? Is it even relevent in the very short term picture? It is almost as if they are foregoing concern about the here and now, and telling us to just wait it out and all will be ok. That is a lot to expect in the public arena where we are free to move capital at will. I believe GMGC has an enormously successful future...it is the present that troubles me. Seconds Out.

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