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Technology Stocks : General Magic
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To: cool who wrote (5524)3/10/1999 11:33:00 PM
From: Alan Edgett  Read Replies (1) of 10081
 
What else can they do? NOT build out and admit that their target market is less than 500,000 users? What you say/infer is more than pure speculation it's hope...simple as that. The Telco's are certianly NOT "clearly" commiting just because magic wants another NOC! Why not announce plans to build three NOC's this year in hopes of handling 1.5 million subscribers? It makes little difference what their "growth projections" are when they have $0 marketing dollars to support not only a brand new product, but a completely new product category...it just can't be done without cash. This isn't a start-up that has a lot of patience built in on the street. This company has repeatedly burned folks with vaporware, pipe dreams and BS from Markman...did you hear him whine about the Yahoo chat boards getting personal??? Hilarious...just like RACE...these CEO's think they can drive a company into the ground (let me remind you they generated about $40k/month last quarter:-))!!!) and then are shocked when the "kept in the dark" public gets personal....

...somebody clue me in as to his salary..will ya? Unbelievable, no one thus far who has said they're holding has posted any qualitative or objective reasons why. I'm in at $5 1/2 so it's only gonna hurt a little, but a good exit strategy (up and down) is key to long-term appreciation of wealth. Magic's done for now, unless they have some news they didn't even hint at in the cc.

edge
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