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Technology Stocks : General Magic
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To: John Madarasz who wrote (8004)2/12/2000 4:05:00 PM
From: dgurgel   of 10081
 
You have misrepresented my position on AOL.

I have always believed in AOL. From 1992 when I first followed them and continuing until 1998, I had no funds invested in stocks since I owned two companies with a total of 70 employees and had most of my funds tied up in working capital.

I frequently emailed Steve Case's office and discussed business opportunities (business applications for AOL's proprietary network) with AOL staff from 1992 until 1996 or so when I realized that they had little interest in that market.

I have been an AOL subscriber without interruption since 1992 and used them as my email address from 1992 until 1996. I have regularly spoken in public of my admiration for them in presentations that I have given in my small niche of software development and systems integration for building automation systems. In the one published magazine article (1996, unimportant vertical market mag) that I have written (on the history of technology), I used AOL as an example of successful pioneering.

As for a "definitive word" on GMGC, I myself do not have one and neither does anyone else. A "definitive word" to me would be an accurate forecast of company results over a period of at least a year. It is of course not unusual to have a good deal of uncertainty on new technology.
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