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

To: John Madarasz who wrote (9967)	5/4/2002 1:40:44 PM
From: James Strauss	Respond to of 10081

The long term trendline is still acting as support... what long term trendline? the one that goes below 0 in april of '01...or december of '01, based on your chart (with no trendlines)? <g> John: Starting at the end of 1997 you can draw a trendline to the current price level... bigcharts.marketwatch.com This chart doesn't allow for a clear picture of how the trendline could be drawn... I'm not here to defend GMGC... I'm just trying to marry the current dismal technical performance with a promising speculative story... If GMGC falls further, it will be very difficult to get any more financing... If they can show forward revenue growth based on signed contracts they could get additional financing for a 6 month to one year breather... It all depends on how well they can initiate new contracts within a 5 to 6 month period... Jim

To: John Madarasz who wrote (9967)	5/13/2002 2:05:54 PM
From: John Madarasz	Read Replies (1) \| Respond to of 10081

i am shocked that this issue actually continues to remain listed based on the way it's trading. Monday May 13, 8:31 am Eastern Time Press Release SOURCE: General Magic, Inc. General Magic Announces Approved Transfer to Nasdaq SmallCap Market biz.yahoo.com SUNNYVALE, Calif.--(BUSINESS WIRE)--May 13, 2002--General Magic, Inc. (Nasdaq:GMGC - News), a pioneer in voice application software and services, today announced that it has received approval from The Nasdaq Stock Market to transfer its listing from the National Market to the SmallCap Market effective at the opening of business today. The Company's securities will continue trading under its current symbol: "GMGC". "Listing on the Nasdaq SmallCap Market enables General Magic to maintain a liquid trading profile on a well-regulated and transparent market for the benefit of all General Magic stockholders," said David Russian, chief financial officer of the Company. "We are pleased that our application to transfer to the Nasdaq SmallCap Market has been accepted, since this will provide the Company with additional time, until August 13th, to execute our business plan and to comply with the Nasdaq Stock Market's $1.00 minimum bid price requirement. In the event we do not meet the minimum bid price requirement by the August deadline, then Nasdaq can grant us an additional 180-day grace period, or until February 10, 2003, to regain compliance, if we meet the "core" initial listing requirements for the Nasdaq SmallCap Market as of that date, principally, a $5 million stockholder's equity requirement." "We continue to evaluate all necessary alternative courses of action to ensure our continued listing on the Nasdaq Stock Market." ... maybe a reverse split, or two, before all is said and done From this point on, i see GMGC possibly reaching .15, .10, .05,... and then filing for bankruptcy before being bought out as corporate I/T budgets continue to remain under pressurre going forward<gg> sad,sad, sad. Lots of talk these days about lofty index P/E ratio's and such...just imagine what they would be if all the stocks that have been de-listed were included.