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

To: Kurthend who wrote (7481)	12/16/1999 11:55:00 PM
From: Joseph H. Leiti	Read Replies (1) \| Respond to of 10081

High Spec ... indeed ... I've read such filings before :) I went through it with Osicom (FIBR). They did a reverse split 1 for 3 when it was at 2. OK .. back to 6 , then slid even further back to 2-3 again. Closed today at 38. Thats a double but a painful ride all and all. Had 24k tied up for 8 months ! My guess 2 3/4-3 up to 4ish+, for now, (I think I'd rather see a pullback and retest/re-entry, than a right shoulder formation without any "Real News"). Let's see the next report. I'd feel a lot safer using their money (profits from the recent run) Issue more shares ??? Not with my money, not this time !! :) I'll go play somewhere else till it's a "happening" Do I think it'll be OK looking out ?? yah but ... management has to talk to / show me along the way. Next report due ??? Still very positive but with my guard up.

To: Kurthend who wrote (7481)	12/17/1999 6:10:00 AM
From: dgurgel	Read Replies (2) \| Respond to of 10081

Well said. Keeping an eye on the market cap is very important. Outlandish premiums are paid for eyeballs these days, but technology is evaluated by more traditional methods.

To: Kurthend who wrote (7481)	12/17/1999 8:45:00 AM
From: Straight Up	Respond to of 10081

Hi Kurt Intense post - Thanks Look!!! I found Kevin Surace!! And.... look who he is teamed up with (I'm sure your first guess is the Moody Blues lol)! E-commerce upstart Perfect.com raises $4 million By Paul Festa Staff Writer, CNET News.com December 16, 1999, 3:40 p.m. PT The latest e-commerce start-up to hit Silicon Valley apparently isn't afraid of raising expectations too high. Dubbed Perfect.com, the new firm today said it raised $4 million in seed financing from unidentified investors. The company's original backer is Ron Conway's Angel Investors. Perfect.com was founded in May and is located in Palo Alto, Calif. Despite today's announcement taking the wraps off its name and funding, Perfect.com is being cagey about its technology. But in a statement announcing the funding round, Conway compared the company's potential to that of the firms that provide caching products for the Internet's infrastructure. Cache technology is used to store copies of frequently accessed content closer to end-users to reduce congestion on the broader Internet and speed downloads. "Perfect.com is an outstanding, highly focused attack on a huge opportunity--making e-commerce markets perform more perfectly," Conway said in a statement. "If they hit their goals, this company has the potential of another Inktomi or Akamai." Formerly known as "iwanto.com", Perfect.com is headed by Marc Porat, who cofounded General Magic, and by chief executive Kevin Surace, former executive vice president of General Magic. That company, now focusing on unified messaging products, has had a less than perfect history since spinning out from Apple Computer, reinventing itself numerous times, generating steep losses, and earning the derision of Wall Street as a technology ne'er-do-well. Perfect.com said it has more than thirty engineers, economists and merchandising specialists devising a "'perfect' market mechanism" that will apply both to consumer and business-to-business markets.