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


To: John Madarasz who wrote (8019)2/14/2000 11:34:00 AM
From: Mark Oliver  Read Replies (2) | Respond to of 10081
 
John, I think you were the one that said I was a great contrarian indicator. Well, time to buy because I sold most of my remaining shares this morning. I don't like the gamble that there isn't any new story to propel, or sustain GMGC.

I see the One.box announcement as yet again another nail in GMGC's coffin. I think they've got to get a WAP partner or they're lost. Did you see Excite has a WAP initiative now?

This news from MOT is also a concern:

Motorola should get some action after announcing Friday that it and Lear Corp. (NYSE: LEA) have formed a joint venture to make integrated interior systems for Ford Motor Co. (NYSE: F).

The venture will be 50-50 owned by both partners and will focus exclusively on incorporating advanced electronics into interior systems for Ford, the No. 2 automaker.

Financial terms were not released for the joint venture, which still requires a definitive agreement. It will be based in Dearborn, Mich., where Ford has its headquarters.

Motorola said its automotive and industrial electronics group and telematics communications group will contribute to the venture.

Motorola shares finished off 4 1/32 to 131 1/4 Friday.


Perhaps GMGC will only get more attention as a buy out candidate after this??? Maybe we shall see MSFT look at this technology as a needed component to strengthen their Win CE phone platform. I don't know, but I would rather put this money to work in a stock that has more substance.

Regards,

Mark