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Technology Stocks : General Magic
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To: Kurthend who wrote (9927)2/19/2002 5:00:21 PM
From: dgurgel  Read Replies (2) of 10081
 
Kurt,

I think today's INTV financial news was very bad news for GMGC. GMGC at the CC said they were expecting millions in revenue over several years from the relationship. INTV has recently done large layoffs, and today's announced difficulties meeting INTV's loan covenants will further squeeze their new technology plans.

With only ninety days cash on hand at the end of the month, GMGC will have to do something quickly. $0.50 would be wonderful but $0.25 - $0.35 is more likely.
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