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


To: Seconds Out who wrote (9493)5/1/2001 8:16:56 PM
From: Seconds Out  Respond to of 10081
 
Interesting day. Certainly beyond my expectations. I think those who say short covering is occurring make some sense. But is there more to it? Is this because of rumors flying around, or is it because something important is about to occur?

I still don't think a buyout is happening right now. We'll know tomorrow if this is news driven. If not, this will have been just another tease, imho. At least the delisting talk has been muted. Is it possible that GM will announce it is exercising its option to buy their remaining stake in GMGC...and forking over the money to do so? If it was someone else buying in I don't think we would have seen the new slate of directors listed yesterday because the newbie would probably require a board seat. Then again, MFST didn't a few years back.

Dr. Markman gave this company new life about five years ago. Then he almost took it away again. He just couldn't make the transition from a development company to a commercial one. I see he still walks away with over 1,000,000 shares in options according to yesterday's filing...if I read it correctly.

Just a couple of my thoughts which have been bouncing around. What do you guys think?

Seconds Out.