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

To: Mark Oliver who wrote (6513)	6/22/1999 8:54:00 AM
From: Seconds Out	Read Replies (1) \| Respond to of 10081

Mark, I agree with you. What is causing the current conditions? Is it the Preferreds holding the stock back by shorting it so that they can convert at a better price, investors with a show me attitude wanting to see more deals come to fruition, or the big boys waiting to see legitimate revenue. All of these factors will be resolving themselves in the near future, imho. We know the Preferreds' incentive to see a lower stock price ends on July 13, we know more deals are coming to fruition in the near term, and we must anticipate that MyTalk and Excite will add to revenue growth. The current range has been pretty consistant over the last few months, and it has made for some nice opportunities to play a bit while waiting for the frustration to turn into fulfillment. If the Preferreds really are involved to some extent in keeping investors' psychology in the dumps, then maybe we will see one more pullback. But I have to believe that we are getting very close to finally breaking this cycle of not holding onto gains. Whether it occurs before or after the 13th will go a long way toward answering our questions about the Preferreds' conduct. Like I said, regardless of the cause, or combination of causes I believe we are reaching a turning point. The Excite deal brings legitimacy in the minds of many doubters. Hopefully we will see more about Intuit, Bell South, and Qwest in the near future. And maybe we will finally start seeing some coverage of GMGC by some institutional types once the above mentioned partnerships all kick in. Best wishes to all believers in the magic. Seconds Out.