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Technology Stocks : General Magic

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To: Alan Edgett who wrote (5509)3/10/1999 5:57:00 PM
From: Straight Up  Read Replies (2) of 10081
 
Hi Everyone

The conference call was not exactly what I expected. I thought Markman would have announced a partner. Anyway he did say something very interesting during the question & answer session.

He was asked about the burn ratio - GMGC should be out of money by June. His response was "Believe meeee, the opportunity in this market is too BIG (for us) to run out of cash." In other words. Don't worry the company will not run out of cash.

I believe it was Markman that said "we are in constant active conversation with bankers and analysts and expect to get coverage by 2nd half of the year."

I will sum up the rest of my notes and report back later. I need a drink. Maybe my notes will look much better after a few :)

Still long, just longer than I thought.

Straight Up
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