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

To: John Madarasz who wrote (7322)11/18/1999 11:35:00 PM
From: Lhn5  Read Replies (1) | Respond to of 10081
 
Thanks for anyone who can answer these:

How does GMGC make money on their free telephone email service?

They are losing about 13 million a quarter, and as far as I can tell have only 30 mil. in cash. I assume that doesnt include the 15 mil investment from Onstar. Are enough revenues anticipated to solve this before additional financing is needed?

Are there any earnings estimates available for this company?



To: John Madarasz who wrote (7322)11/19/1999 5:59:00 AM
From: dgurgel  Read Replies (1) | Respond to of 10081
 
I saw an almost continuous accumulation with a nearly constant bid size of about 4,000 shares just 1/32 below the ask, which was generally a lot of 1,000 or less. I pictured sharks just below the surface, feeding on the soft underbelly of the retail investor.

I bought intermittently during the past two weeks.


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