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Technology Stocks : General Magic

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To: dgurgel who wrote (9039)	9/3/2000 8:42:02 PM
From: Fred Gohlke	Read Replies (1) of 10081

Dave, I find that I'm not in complete agreement with your assessment of GMGC. For the moment, though, I'm only going to take issue with one of your statements: (4) VUI investment fever is near its peak. The "voice" hype machines are certainly working overtime, but it doesn't seem to me that the hype is translating into "investment fever". I've been keeping a not-too-keen eye on several of the companies for which you used to report daily prices. For the most part, they have been dragging. NUAN turned up again after a pull-back, one or two of the others moved up in concert with the recent surge in the NASDAQ, and I believe one of the low-priced variety showed a little pop, but it doesn't seem to me that those actions constitute fever. Quite the contrary, as a matter of fact. I am long GMGC and have no immediate plans to liquidate my holding. I can't offer an opinion about GMGC's future. I haven't the wit to outguess the vagaries of the market, and lack the arrogance to second-guess the company's management. Fred

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