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Technology Stocks : General Magic

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To: Rangle who wrote (9556)	5/11/2001 4:24:20 PM
From: dgurgel	of 10081

Yes, saw that pricing, thank you. With R&D cut back for several quarters now to less than 1/3 of its three-year peak and with the loss of so many top tech guys, I don't think they can bring any significant software products to market. But we shall see. It is interesting that license sales were $16,000 in Q1 for three new customers. Looks like one or two developer seats at most each. Often products like this are available in a demo version by download. If they are serious, we should see this on their site soon. I think I will call them next week and ask for a demo. Onstar PR should give them some protection and keep them clear of the $1 (except for a very brief dip ot two)unless they get really screwed on the next financing. I am going to have a go at trading in and out again if I think I can foresee some specific PR event. We do have a promise of an IBM announcement. I don't expect it will be substantive, but the retail market reaction may give it a nice bounce.

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