General Magic Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : General Magic

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: hcirteg who wrote (7040)	10/8/1999 10:21:00 AM
From: Kurthend	Read Replies (1) of 10081

HC, I am still not holding my breath when it comes to this company. It seems as though all of the potential partners are falling by the wayside or are on hold/delayed. If GMGC had $60 million in its coffers I wouldn't worry. Based on a SWAG, I figure GMGC has about $13-15 million in cash/equivalents. Not much money at all. Especially with a burn rate of around $13-15 mil. What will be interesting is to find out how much money GMGC will save by laying off 20% of their workforce. Another point to look at is how much is the free long distance calls costing GMGC? Are the ads covering that cost? Once again GMGC fails to let its investors know what the heck is going on. To me this is very disturbing. Every indication leads me to believe that GMGC is hurting. I probably won't sell at these prices but I wouldn't put a dime in at these prices until GMGC proves itself. On the bright side, some of the recent ads on myTalk that I have come across are: Borders.com Dell The sports Store Office Max Ad Council Cooking.com cdu2cduniverse.com thesmokeshop.com portico memolink.com sharperimage.com greatcoffee.com Anyway, take care and hope GMGC is able to survive. Kurt

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next