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Technology Stocks : General Magic
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To: Straight Up who wrote (6213)5/23/1999 9:58:00 AM
From: hcirteg  Read Replies (1) of 10081
 
Straight-

I agree that we will all have virtual assistants...either in the form of Portico or via an army of agents. GMGC and its alliances make me feel very comfortable that the future is indeed very bright.

I have, however, taken a more cautious approach recently. I have been thinking long and hard about the claims of our CEO that we will "be profitable" by years end. That's a ballsy statement coming from a comapny that has generated barely a 1/4 million dollars in revenue form their flagship product...in 6 months of service.

I am concerned because Markman has always boasted that he is "at plan" and with a prediction of "profitability" by years end....

Well, that's what I call really sticking your neck out after two years of very hard work...

The counter to this concern is quite clear. IMHO...this is already reflected in the price of the stock. With any REAL INTERNET business interests with REAL, and I mean REAL REVENUE probabilities...this stock will launch to double digits faster than we can say YO!

So in the short run, to me, it's a bet on Markman more than anything else. IF he meets his objectives and turns a profit by year's end...he's a hero, he's rich and so are some of us.

If he's wrong...let's not consider that for right now.

My bet is with Markman...I just can't find my way to judge him guilty before proven innocent. He's met his promises...so far.

Good luck-

HC
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