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Technology Stocks : General Magic

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To: geo who wrote (3207)	8/3/1998 1:58:00 PM
From: Nancy L.	Read Replies (1) of 10081

I just got off the phone with Wendy - IR at GMGC. She said nothing had changed since last week before the fall. GMGC was on track exactly as expected. They are not sure why the fall - there is no new news good or bad to cause it. They are controlling the growth - adding new users everyday and keeping close contact with the resellers. They are aware of the difficulties some of us have had in getting good info from the resellers and will continue to work on training. They will NOT give figures on numbers of users, etc. - but reassured me everything is going as planned. In regard to the new advertising company - they are expecting to do the big blitz in the fourth quarter. During the interim they want to be sure they have all their ducks in a row - ie: happy customers, good resellers, and enough staff to cover the growth they expect. Wendy personally owns stock and totally believes in Markham and his approach as well as the product. She is super excited about the product and the future. For those wanting to hear the new demo call 1=800-Portico. I just sold LU and bought 1500 more shares GMGC. Even if it goes below 5 and can't be traded on margin a few days - the stock IMHO will come back and I am definitely in for the long haul.

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