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Technology Stocks : General Magic

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To: Earlgrey who wrote (2955)7/30/1998 1:42:00 AM
From: Tom Murphy   of 10081
 
Earlgrey...You posted: "yeah I speculated on this a week or so ago, that the hype era was dying and the hard numbers era is starting. But, geez why has it got to start so soooooon!!!!!!!!!!"
It won't take much in the way of hard numbers to get this stock moving again. With the stock trading over $11 with only $91,000 in quarterly revenues, 100,000 subscribers will double this stock again. I would not be surprised to see GMGC eventually trade as high as $40 before they ever turn a profit. Take a look at the telecom/cellular companies, half of them are losing money hand over fist and trading between $25 and $60/share.
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