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Technology Stocks : General Magic
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To: Sea Otter who wrote (5474)3/10/1999 12:02:00 PM
From: Drew Freeman  Read Replies (3) of 10081
 
Hi;

Just want to get my 2 cents in here. Just to be different and to take optimism to a new level, I'm going to say $2.1 million.

From information I've received from this board and from a past meeting with GMGC, I think there are around 20K Portico subscribers. This number is not hard, it's completely inferred. Let's say, though, that there were only 8K paying users on average for the quarter. Portico is an expensive service. I don't think it's far-fetched to say that each of these real users paid $75 per month. That's $1.8M for the three months. Also, along my optimistic lines, I think they'll announce some kind of a deal along with some prepaid revenues of $300K. What the hell.

I don't see any way GMGC will come in below the $1M. I put my money where my mouth is this morning by buying another 5K shares at $4. Yes, I'll be listening in on the call this afternoon.

Good luck all,

Drew
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