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Technology Stocks : General Magic

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To: dgurgel who wrote (9553)5/10/2001 4:40:48 PM
From: John Madarasz  Read Replies (1) of 10081
 
Dave, I think you've raised some important points of late.

I think it's a six in one, half dozen in the other situation here.

GMGC was fortunate to have the greatest bull market, and arguably the greatest tech revolution, in the history of this country to develop their product and fund their incredible burn rate with.

They were unfortunately ahead of their time. Now, with a developed product they're faced with a domestic and foreign economy on the verge of zero to negative growth depending on which reports one reads.

I give them a 50/50 shot at survival still, with a nod to the downside. I don't think this bear market is anywhere near over yet...not by a long shot.
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