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

To: Boplicity who wrote (7884)	2/2/2000 10:55:00 PM
From: John Madarasz	Read Replies (2) \| Respond to of 10081

Greg...what's to be scared of? The fact that GMGC has released executives from the upper echelons of management? I know Dave has pointed out this fact many times before, and has mentioned that it shows a sign of weakness in the company; at this stage I would have to disagree. The Onstar alliance is already developing into the current focal point in this business model, and I would have to believe that General Motors has a huge pool of high end management personnel in the Onstar division, and at GMH, to draw from should they be needed to drive growth, and R&D moving forward. Anecdotal evidence supports the fact that two of the executives left to pursue careers in unrelated fields, while another still serves as a part time consultant. Furthermore, with the new revisions to the GMGC employee stock option plan, and the recent chair and affiliations with the ASA/MA Joint Symposiums, General Magic remains one of the premier companies in regards to their ability to attract leading researchers when they consider career moves, and top shelf management to implement that research. Theres still a long way to go, both with the company and the business model, but at this point a strong argument could be made that the company has never been better positioned than they are now, in regards to both partnerships and market readiness. Time will tell... scary post?... I'm not so sure, at least not for me anyway. Courage is resistance to fear, mastery of fear, not absence of fear. Better to be informed I think... Best Regards, John Madarasz

To: Boplicity who wrote (7884)	2/3/2000 6:41:00 AM
From: dgurgel	Read Replies (2) \| Respond to of 10081

The post was not meant to be scary but to suggest a milestone for which to watch. When you see a new top VP or two profiled on the GMGC web site (where the top VPs are all listed), you will know the company is moving along. I like to have tangible proof (people on the staff, products in the market) of progress in addition to the forward-looking press releases. (We now have the products in the market.) Go look at the present roster - genmagic.com Scary was last summer when GMGC was threatened with delisting by NASDAQ. Survival (for a year or two) now seems assured (but a buyout cannot be ruled out). So it becomes a matter of figuring out how much more or less than the present market cap of $345 million the company is worth. IMO GMGC will hang around in the $7 - $12 range for the next six months as GMGC rebuilds its infrastructure (20% layoff in Aug - Oct). I think a good parallel is Spyglass (SPYG). SPYG, an Illinois company, is the owner of the rights to the Mosaic (first large-selling commercial browser developed at the Univ. of Illinois Supercomputing Center by Andreesen and others). They got many of the people that did not go along with Andreesen to join Jim Clark's Netscape. Spyglass did the first version of Microsoft's browser. With great technology but no marketing skills, Spyglass became an Internet access specialty engineering group. Their stock chart looks much like GMGC's although they now are doing nicely (and the stock is recently up nicely). Note their market cap is $664 million and revenues run $20 million plus. GMGC also has technology and its market cap to revenue ratio could be similar as it matures. As you know revenues were nearly nothing for the last reported year.