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Technology Stocks : General Magic
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To: hcirteg who wrote (7018)10/4/1999 12:31:00 PM
From: MattB  Read Replies (1) of 10081
 
Thanks for your comforting and thoughtful words.

I was always impressed by the technology, although I have felt that the products the company was developing were looking for a market rather than satisfying a current need.

To me the value was in the technology they had. So whether the stock was 10 or 2 didn't matter to me because I felt that eventually, if management was on the ball,the company would hit its stride.

"Investors" can be an impatient lot, and I think most of the people on the boards are looking for a trade. Well the trade scenario is gone, and what we have left is a company that has not only failed to execute, but worse in my opinion, has gotten secretive. At the worst time.

There has to be some value to what has been created. I have thought for some time that GMGC probably will not be able to make it on its own. I would love to see the company sold to a strong marketing partner, on a stock swap deal so I can still own equity, who can develop the technology into revenue producing and profitable products.

I fear that this will be our only out.

I am not bothered so much by the decline in the stock price, as I am in the silence from the company. The impression is there is nothing going on.

Oh well...some rants on a gray Monday in Atlanta
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