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Technology Stocks : General Magic
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To: up_tick who wrote (3112)8/1/1998 11:31:00 AM
From: Jim123  Read Replies (1) of 10081
 
Excellent post.

Everybody seemed to miss the S-3 Registration last week for 5.5 million shares. My guess is that these "big money players" dumped about 2 million of those 5.5 million shares yesterday and the rest was panic.

What will they do with the rest? Do they believe in the business model at $8 per share? They did not at $11. Monday and Tuesday will be interesting.

The issue remains is unified messaging a good idea? Yes. Can GMGC execute? Wait and see.
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