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

To: Seconds Out who wrote (7679)	1/11/2000 11:10:00 PM
From: Thotdoc	Respond to of 10081

Thanks, I needed that. G

To: Seconds Out who wrote (7679)	1/12/2000 12:30:00 AM
From: BubbaFred	Respond to of 10081

I believe in magic, but not this one. The only magic is the company's top managements rewarding themselves with lucrative salaries and compensations, at the expense of the shareholders' value. Where is the magic in such meagre revenue? Perhaps there is really no magical technology either.

To: Seconds Out who wrote (7679)	1/12/2000 6:24:00 AM
From: dgurgel	Read Replies (2) \| Respond to of 10081

Seconds, if you are "running full out on developing product for key partners or soon to be partners" you do not get rid of the VP of Engineering, VP of Operations (includes the Network Operations Center I assume), and the CTO. Perhaps they have replaced them since they all disappeared from the profiles on the website a month or so ago. Here from the website is The Management Team Steve Markman Chairman of the Board, Chief Executive Officer and President Mary Doyle Senior VP of Business Affairs, General Counsel and Secretary to the Board Rose Marcario Senior Vp and Chief Financial Officer Linda Hayes Senior VP, Marketing Elena Morera VP, Human Resources Now which of those above is leading the full out effort? Look at other similar companies and see what percentage of the top executives are engineers. Remember it seems likely that there are more than 120 employees. CEOs of companies that size normally do not personally lead the development efforts unless they are whiz kids. (Gates led Microsoft technically well beyond this size but he was in his twenties.) You do have to look at the people and the money in the bank. GMGC seems short in both. In a recent filing , GMGC warned of the inability to attract or retain good people. It seemed more than "pro forma" to me. The competition in Silicon Valley for top talent is fierce, and GMGC in its eight-year history does not have a record of providing financially rewarding options, the pot of gold sought by many of the best. Certainly they are doing their best to support the GM contract but much beyond that may not be happening. In any case, it is likely to be happening at a much slower rate than a year ago. On the website under General Magic In The News there are twenty-one media mentions listed (not GMGC press releases): The dates on the 21 items are as follows: January 4 February 8 MArch 22 April 20 June June 10 June 15 June 20 June 9 June 9 June 28 July 5 July 10 July 20 August 23 August 24 Five undated (likely from content to be within the time frames of those above) "Full out" developing new products until the September layoffs, likely. Working hard now, no doubt. Attracting and retaining key people to lead the effort, no. "Full out" to the extent that everyone left is doing their best with limited resources - OK to that too. Everyone should realize that while there are wonderful new opportunities, this old horse has lots of problems to solve.

To: Seconds Out who wrote (7679)	1/12/2000 10:08:00 AM
From: Mike Hardy	Respond to of 10081

seconds, you made some good points the preferreds are half way through their 13 million shares i don't think the buyers for the other half want to pay a premium 7-8 when they can buy them in the 4-5 range.jmo

To: Seconds Out who wrote (7679)	1/12/2000 10:27:00 AM
From: Straight Up	Read Replies (2) \| Respond to of 10081

Hi Seconds As you know I am long, very long GMGC. I just felt I needed to comment on your post. "I think GMGC is running full out on developing product for key partners or soon to be partners." I hope this is true. But I find it very disheartening to see that they are not scheduled for one single marketing trade show. This means - no new product launches - no consistent name recognition - etc. In the years that I have owned the stock, this is the first time that they will NOT be marketing products. As for developing products for key partners - Lets remember INTU, QWST, MSFT and all the other deals that never came to fruition. "I don't think it will matter that the website was a bit behind if the technology attracts the right players" Its not just about the web site being a "bit behind". Its about perception. Lets face it, GMGC is trying to position itself as an "internet" company yet their key marketing tool - their web site - is awful! Check out successful companies - AOL, DELL, MSFT - you will never see an out-of-date web site. Steve Case and Bill Gates are continually touting their companies with notes at their sites. "I don't think we will see a death spiral, I think we are seeing a healthy chart which cannot go up all the time. I think the Preferred's conversions have something to do with us dropping off from unsustainable prices which occurred a bit too quickly." Becareful here - Do you remember last year when the first set of Preferred's dumped - we rose to 7ish then spiraled back down to 2-3range. I am very optimistic for the long term of the company. IMO we will be bought before we die and thats somewhat hopeful - I guess. I am not negative GMGC or short for that matter but I am very realistic and I hope I am completely wrong lol! Luck, Health and Prosperity Always Straight Up