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To: Kurthend who wrote (8892)8/10/2000 7:56:04 PM
From: Don Hand  Read Replies (1) | Respond to of 10081
 
Would that action request make my shares worth more ? No.

You should have used all that time to suggest that he find
another company to merge with.

Or write to the directors and convince them to seek a
merger.

Or write to the preferred shareholders and convince them,
before their conversions are worth less, to seek a
merger candidate.

I did not say buyout, although one could argue that.



To: Kurthend who wrote (8892)8/10/2000 8:31:16 PM
From: Rick Rappaport  Read Replies (2) | Respond to of 10081
 
Kurt,

Your Markman letter made me stand back from the trees falling all around me and look at the forest. Much of what you say has more than a ring of truth to it. I'm sure saavy folks can counter your every thrust with a parry of their own but I say well done.



To: Kurthend who wrote (8892)8/10/2000 10:38:42 PM
From: Mark Oliver  Respond to of 10081
 
Kurt, now if you read your letter, why do you continue to hold your shares? What do you find is the saving reason for hanging on? You've got no faith in management, no faith in the technology, no faith in their ability to finance the company and no faith in the partners who have financed it to date. So, what is left?

I happen to agree with you. I would only continue to hold shares based on the outside hope that a buyer will emerge and give a onetime pop to shareholders. Well, it hasn;t happened for years and why should it happen now?

Yes, GMGC is being passed by every day and they have little to show for it all. They could be more profitable as a cleaning business.

Why not employ your ability to investigate companies and find us one that will make money?

Regards,

Mark

PS Here's yet another company going for GMGC's market.

Vox develops natural language portal
By Total Telecom staff

09 August 2000



U.K.-based Vox Generation is developing what it says is the first natural language voice portal serving the wireless community in Europe.

Users should be able to review their e-mails, manage their agendas, realise v-commerce transactions and receive information on demand, all through the company's proprietary Speech User Interface ("SUI"). In addition, they should be able to use the voice interface to download other data files to their personal digital assistant (PDA) or other multimedia device.

Vox said it will initially concentrate on the European market, but the technology will be applicable worldwide.

Vox Generation, formed in March this year, will be led by Chafic Najia, who was previously senior vice president and managing director of GO.com International, the Internet business of the Walt Disney Company.

The company added that its voice recognition technology could be used for other non-handheld appliances, such as allowing simultaneous voice, text and touch interfacing with PCs, TVs and other household appliances.



To: Kurthend who wrote (8892)8/11/2000 6:56:36 AM
From: dgurgel  Read Replies (1) | Respond to of 10081
 
Well put I think except for the implication that Markman's departure would solve the problem. It won't because his other failing is that he decimated the staff and board at GMGC so that there is no one else there to lead.

The results of his recent rebuilding of management will not be in for another six months. There is not one successful entrepreneurial resume in the whole group, but at least GMGC has a full team on the field.

Much rides on IBM and the first signs of smoke and mirrors on that one seem to be emerging.



To: Kurthend who wrote (8892)8/11/2000 10:21:40 AM
From: hcirteg  Read Replies (2) | Respond to of 10081
 
Kurt-

But how do you really feel? LOL!

I am glad you sent that email. You have expressed what many here apparantly feel.

Me, on the other hand, I am patient. I run a business that has had a similar historical reference to that of GMGC in that we had to create products and throw "mud" on the wall to see what finally stuck (if anything). Many endeavors failed and frustrations were high. Finding a specific direction to take our business was critical...but it wasn't happening. In one case, we developed a product knowing full well it would never generate revenue, BUT, it would tell us, through customer feedback, what we really needed to make. However, this particular product proved out our capabilities to big customers and ultimately we got our focus!

Today, FOUR YEARS later, we now have a thriving business.

GMGC, "seems" to me,only misled us into thinking that Portico would be a big revenue model through telco. Did they really beleive that? Who knows for sure. BUT...it did prove to GM that we could host a custom VUI (aka "vooey" per Seconds Out). IBM, they recognize the value of GMGC's unique products too and I believe strongly, more SP's are to come.

More importantly, IMO, GMGC will soon be signing SC's...CUSTOMERS..like Amazon/Ebay/etc...where the packaged vooey is sold. IF I understand the product offering of GMGC, these customers will ralize a substantial cost savings to thier exisitng customer call center set up with the added benefit of GMGC hosting..thus, they need little to no new capital to acieve the expense reduction and move into the 21st century.

Finally, the staffing changes are the confirmation that they have settled on these business models and are reacting to increased customer interest. We all know their cash burn rate, so adding the number of people they have (and are trying to still add) would be financial suicide. Without GM/IBM/EXCITE...I would strongly be concerned. But we have these SP's and it is they who proved to be the catalyst of unprecedented business interest that the company is now experienceing...IMO.

Yes, I am disappointed that we are experiencing a depressed stock price yet again...but I have said over and over that I will judge my investment decision to invest HEAVILY in GMGC on a "year to year" fashion...not day to day.

I fully expect that the stock price will dramatically be appreciating in due course...maybe not today or next week...but soon.

I am a full believer in GMGC. Of course I wish things happened better and faster...but this is HIGH TECH and we are at the very bottom of what should be a boom industry.

Thank you again for your venting...it helps all of us...especially in the manner in which it was presented.

Lots of luck to you.

HC