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

To: Mark Oliver who wrote (8104)	2/23/2000 5:50:00 PM
From: dgurgel	Read Replies (1) \| Respond to of 10081

No Response On Juno A Puzzle The MMs must know something. This no-response to Juno and downward move almost looks like we are watching a delayed broadcast of a game that has ended. A quick look at Juno's site finds no mention of MyTalk yet. They do feature AOL's Instant Messenger (the former ICQ). It is nice to see that Juno sees MyTalk living together with AOL's chat. I think ICQ is a close parallel to MyTalk, a personal communication feature that all the portals will find a need to have. The valuation of ICQ (the Israeli firm Mirabilis)when purchased by AOL in 1998 was $287 million. I too think a buyout may be about to happen. I hope that Markman's timid response to the $9 tender does not indicate that the $9 value is in play as a possible end result. (I of course understand that the $9 tender was a scam. Nevertheless, Markman would have to be cautious if there were talks with that number in play.) I have long thought that a $7 - $10 offer for GMGC would be "fair" by any sort of old-fashioned analysis. I am back long thinking that the market will assign an Internet valuation to GMGC. The absence of new VP hires (or at least the posting of same on web site) seems a nearly certain indication that independence will end. The RB site remains very active but has gone over to about 70% hype and mindlessness over the past three weeks. It still is a good place to find the latest news release if you do not mind repetition. I suspect that the big player(s) there lightened up considerably in the $10 - $11 range and good for them. I am looking forward to hearing Markman on March 8. That conference call should end some of the wild rumors. If he has a clear financial plan to get them into 2001, this might be one to tuck away for the medium term. I am tired of GMGC being a trading stock (even though 50% of my profit came from trading).