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Technology Stocks : General Magic
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To: hcirteg who wrote (6110)5/10/1999 10:27:00 AM
From: Panita  Read Replies (1) of 10081
 
GMGC the market took it the other way as danger for GMGC. Competition from MSFT. the reaction of many is OUCH!

IMHO this is good for GMGC because competitors to MSFT and Nextel will need to offer a similar service to keep up with the Joneses. I would not be surprised to hear others coming in an offering Portico, a la Bell South. But don't expect this overnight. The MSFT is nextel announcement was out only today. Talks take time.

So market makers will use the immediate fear to lower price and load up at better prices.

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