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Technology Stocks : General Magic

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To: Don Hand who wrote (8917)8/13/2000 6:23:15 PM
From: Seconds Out  Read Replies (3) of 10081
 
Don, it has been a tiring ride, but looking forward, and not backward, I agree with your assessment...and Hcirteg's assessment...and equityanalyst's assessment...etc...

Dgurgle has floated back and forth since last December, and posted his emotional ride for us to witness. The reality, though, is that it isn't far off from what many have gone through with the wild swings in the stock price( though without his histrionics).

I concentrate on the following items with GMGC. They do have a technological advantage which layers themselves over a Nuance or Speechworks, and which I believe at least 3 or 4 more key customers/partners will be embracing over the next 1 1/2 quarters (with many more lining up next year). They have had a difficult few years which has burned up cash,diluted ownership and disillusioned many shareholders (compounding the impact of the Preferreds). And the Preferreds still influence the stock price while they continue their move to convert and sell off as contractually agreed (causing some great averaging down and trading opportunities until they get close to out and/ or Institutions take larger positions). They will ultimately be a hugely successful company (which will make short term profits or struggles a faded memory).

Take care.

Seconds Out.
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