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Technology Stocks : General Magic
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To: equityanalyst who wrote (9451)4/22/2001 9:50:24 AM
From: Fred Gohlke  Read Replies (2) of 10081
 
ea, hcirteg, John Madarasz, ThotDoc, et al.

Am I totally inane and naive to imagine that, if someone is willing to commit a couple of million dollars to the common stock of GMGC (albeit at a discount), the company has reasonable prospects of survival? Am I really stupid to think that people making large investments, do so with the expectation of gain?

I apologize for this post because I dislike speculation based on vague impressions, but I finally learned why convertible holders would want to short a stock ... so they can cover the short with their convertible holdings.

I would like to believe that the Revere deal is a legitimate investment ... which would be a good sign ... but I don't think I'm smart enough to form that opinion. Can you help?

Fred
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