To: John Madarasz who wrote (6650 ) 7/1/1999 10:34:00 PM From: LastShadow Read Replies (2) | Respond to
Thank you for your eloquent and gracious reply John. GMGC is doing a much better job of investor relations than in the past. I wouldn't buy stock in a company that I didn't think was a profitable play for the short AND long term. Although the CEO and the board may have put the interest of the shareholder's first, the resulting depressed stock price is convincing evidencce of their failure to accomplish that. I am not sure how a reference to gates, the one who had to rewrite his book since he discounted the potential of the internet a few years ago, is much of a vote of confidence, particulrly given his personally stated need to profit from anything that might be remotely be profitable. Be that as it may, a year long, steady price drop from $15 to $3.50 is hardly what anyone would consider stellar performance by an management team, oparticulrly with what almost everyone cncedes is one of the future's pivotal and enabling technologies. losing that much of the shareholder's value wasn't intended to be compared to making the index's 21% return. I would have found zero share price growth encouraging given where the companies products are in their development cycle.
