Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ALTERN8 who wrote (6784)	7/29/1999 9:07:00 PM
From: Austin S.	Read Replies (1) \| Respond to of 10081

As I anticipated, GMGC struck into the $2's today. As I also feared, Qwest is on the backburner as will, in all likelihood, BellSouth. BellSouth is already using/offering the JFax service which enables users to access their e-mail via any phone. Though perhaps unfounded, I also can't help but worry a bit about orchestrate.com given that Billy Payne is at the helm and he and BellSouth are both in Atlanta. I was very disappointed to see that the Intuit deal isn't about to be underway. I, personally, don't anticipate anything "real" from the Quicken.com venture (if at all) until 1st quarter of next year. My guess is that Intuit doesn't want to tinker with its Quicken.com site too much with Y2K fears still looming. All in all, I believe GMGC will visit the $2's on several more occassions before settling, again, in the $3 1/4 to $4 trading range. "News" will no longer have much of an impact on GMGC. Shareholders want to see back-to-back revenues that are both meaningful, significant, and growing. I may try and pick up a few more shares in the $2 3/4 range, where I have buy-orders. If I miss it at this price, then I'll not buy anymore shares of GMGC until it is a $10 - $15 stock. If Magic is really, really going to make it as many have speculated, then buying Magic for $12 will still be early in the game. Good luck to all.