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

To: scott bieda who wrote (6782)	7/29/1999 11:02:00 AM
From: MattB	Read Replies (1) \| Respond to of 10081

I agree, the comparison with AMZN is a poor one. While they have no earnings, and I'm not a fan of amzn at all, they do have customers and revenues. This puppy has no revenues to speak of and the customer base they report from mytak isn't solid. I have had my doubts for awhile about GMGC's ability to make a commercially viable company out of their technology. I believe in what they are doing from a technical point of view. The technology seems real. Everything else with this dog is bs. I'm particularly disapointed in the incredibly slow time it has taken from the announcements of several partnerships, ie bell south to fruition of anything tangible. I get the sinking sense that nothing is happening here. Selling now would be silly, I will cling to the small thread of "significant" revenues in the second half. I don't think this company can survive much longer on on its own, and I think will need to be purchased. Given the depressed price, my guess is any premium paid will only get me close to even with a few bucks for the trouble. One other thing, one would think that if significant progress is being made with the technology and partnerships the company would be more forthcoming with announcements and press releases. The stock itself is poorly managed by the company. Compare that to AMZN. It appears that every time there is negative news about the company in the press, Mr. Beazos immediately has some kind of positive announcement. Now that stock is managed to the the hilt. Just some thoughts on a very disapointing morning after.