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Technology Stocks : General Magic
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To: Rhino who wrote (5802)4/10/1999 9:01:00 PM
From: deepresearch  Read Replies (1) of 10081
 
Rhino,

If you are on the level pump your friend for more, more, more info...
Rays of sunshine very welcome.

Yes things are bleak in here right now - but I see nothing other than people reasonably doubting the wisdom of their investment when seeing it underwater (instead of growing daily). GMGC stock was and is a high-risk play - but many people may need a double from here to break-even so the nerves are there.

I think the recent lack of faith in GMGC management reflects exactly that too. I've been long this stock since April last year and apart from trading enough to recoup my original investment I continue to hold. I have a lot of faith in the GMGC technology and the voice-internet market's potential as well as the service-based business model. I believe the deals with Intuit and Qwest could make great PR (they haven't announced any of the details outside of the 10K yet).

Two beefs:
1) Company has an on-going cash problem - and no-one likes the convertible financing
2) The PR machine is broken in a big way.

In general - still long - will be a lot happier with the stock based above 5 again. Much happier when its back at 10.
Still don't see much downside from this stock price - worst case a buyout would pay more than this for the company. There are plenty of players who would benefit from owning GMGC's tech and expertise.
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