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Technology Stocks : General Magic -- Ignore unavailable to you. Want to Upgrade?


To: Doug Lemke who wrote (6512)6/21/1999 11:21:00 PM
From: Mark Oliver  Read Replies (1) | Respond to of 10081
 
You may be right, but you have to like the press we got today. And, you've got to like the Excit deal. Interesting that Excit was such a big investment for Intuit not long ago. I wonder if they arre working together, or this is just coincidence?

So, again we see a growing a swell of new interest. People are going to start asking why there's no coverage of this company. I really don't understand why there's no coverage yet, even if it's started with a sell or hold. There should be some opinion by now coming out of these analysts. Be sure, if they do come out with a good opinion, they'll be buying in advance and hoping you'll sell at a good price.

Anyway, GM's certainly not the best performing investment I have, but it's certainly exciting. I think in the end, when ever that is, we'll get our reward. It seems too clear that this company has something big to offer.

I just hope it doesn't end like my fixed wireless investment. That ended in a $10 buy out from Sprint. I held these shares through thick and thin over 2 1/2 years, and I really worried and wondered if I should add more when it went below $1 and stayed there. It was also looking like they could go bankrupt. Finally hitting a low of about 3/8's only to be bought out at $10 8 months later.

Sad thing is now that the big boys have bought into this technology, it seems clear to the world what a great thing MMDS can be. I knew that all along, but only got a small portion of the reward I think I deserved. I sure wish I had stayed confident and continued to average down.

Well, I bought more GMGC shares today despite paying more yesterday. I think the message is starting to be clear. This will not end badly. GMGC will either go up or be bought out. I can't imagine them getting the company for under $5, but that seems like a reasonable bottom of expectation.

Regards,

Mark

PS Sure wish I could be at the shareholders meeting. I suggest to anyone going, stay focused on what you want and ask as many questions as you can because it'll all be over very quickly. Get there early. GM always has a weird sign in like they are very secretive.

Don't get stuck only standing around Steve Markman. He won't give anything away. Try for lesser employees giving demos and see what they have to say. They're busting for you all to know how good things are and will be more likely to share their hopes for the future.