SI
SI
discoversearch

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: dgurgel who wrote (8020)2/12/2000 8:23:00 PM
From: Seconds Out  Respond to of 10081
 
Dave, my numbers are fairly close to your current post, and I have said before that GMGC had until the end of the summer before cash ran out. In fact, GMGC said in their S-3 this fall that they will need additional financing this summer. Hopefully, they will not allow us to get too close to the summer before resolving their cash needs (understatement).

Dave, one thing we can all agree on is that we want GMGC to enter into other deals other than OnStar. It is a very nice start, but I am certainly desiring more out of GMGC than OnStar. I also agree that if we are to expect the stock price to move much further ahead, we will need to get more news of a substantial nature. If I didn't feel hopeful about the potential for more deals, I would take my profits from the last three months and invest them elsewhere. It has been a great run, but it will stall and maybe even re-trench a bit if we don't get additional news about revenue producing deals in the short run.

Also, it will be interesting to see what happens this week with options expiring.

Seconds Out.