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: Thotdoc who wrote (7670)	1/11/2000 5:33:00 PM
From: dgurgel	Read Replies (2) \| Respond to of 10081

Yes, MyTalk promotion is much lacking from General Magic. The MyTalk.com unique visitor count increase of 74% for December over the prior month is very encouraging. They may be having a contract dispute with Excite, who a month back moved their version of GMGC's MyTalk to the second page from the upper-right, first-page features. MyTalk should be almost as hot as ICQ, the Internet-chat company from Israel that got snapped up by AOL a year or so back. It certainly has similar benefits, enhanced personal communications. If the Excite contract is not the problem, then I would guess they just do not have the funds or people. I think they need a buyout. Funds from GMGC and revenue from MyTalk should run out by April or May. I can not see any likelihood of profitability in 2000 or 2001, so financing is a big concern. As most know, they did a very damaging, convertible preferred financing a few months before GM. The GM deal saved this company. Markman must be almost totally occupied with financing. Let's not have another FONX, which appears to be in a death spiral as the company is forced to repurchase millions of shares of preferred stock on a repricing schedule and them sell them as common stock at the much lower current stock price of $0.26 per share. FONX has warned that they may be forced to suspend operations. Take a look at the FONX chart for five years. Compare it to GMGC. We recovered in 1997 and 1999 from a sub $2 price. Their chart was a bit better until they dropped through $2 in 1998 and did not recover. One note, some posters on the Raging Bull FONX board point to the relationship with GMGC as a sign that things will improve. If we are their General Motors, then they are in trouble.