Dave-
Fear not the wrath of HC....I fully understand any GMGC investor being frustrated with the performance of the company to date. My feelings though, do not include any angst about the call or the future of this company. My thoughts:
Our new CEO seems to be a very well spoken, confident individual. I felt she came across as sincere and believable. Saying all of that, she really stuck her neck out on the line. She confirmed that not only would a "new product" be introduced in the next "few weeks," we also would see "new customers" announced in the near term. My guess is the new product is either the "Kenya in the box" Markman talked about 2-years ago or the "MagicPhone" that was talked about 3 years ago...perhaps with a partner (Motorola/Verizion, etc.)targeted at the consumer market. Kathy talked about seeing short term revenues from this new product...so we'll see.
Overall, as a LONG term investor, I seem to be able to digest these curves in the road a bit more easier than others. Perhaps that comes from my own business situtation that has had a similar type of history...lots of different products, lots of personnel changes...but we had good core technology in house...that ultimately put us over the top into profitability. For some companies it happens overnight. For mine, and GMGC the gestation period has been years.
GMGC continues to re-tune and re-direct in order to stay viable while they await the fruits of their prior labors. The fact that ASKJEEVES and IBM are now ready to sell is very comforting. OEM sales take time, but if successful can be very, very profitable.
We all have invested in GMGC for its ideas, technology and potential sky high rewards. In my mind, the core technology, the market for voice and GMGC's progress with existing partnerships (GM/IBM/ASKJ and others) continue to make me very bullish on the stock.
I recently told a friend I would not buy any more of this stock...in a bearish mood...but at $1.50...it will be hard not to. The future, to me, is still very exciting and GMGC is going to be one of the biggest players in the voice arena...whether that is this month or this year...I really don't know...but my guess is it will happen, they will succeed.
HC |
