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

To: Kurthend who wrote (10028)	7/15/2002 8:25:40 PM
From: Seconds Out	Respond to of 10081

Kurt, this is like running into you at a funeral...great to hear from you but I wish it was at a happier occasion! It is hard to argue anything positive regarding GMGC at this point. They have had ample opportunity to chase down customers to no avail. As I stated a little while back, they needed to accomplish a reverse split, financing, and the announcement of new customers in a relatively short period of time if they hope to survive. All three events are inter-related, and if all three don't occur in the near term then GMGC is beyond the point of recovery, imho. I assume a financing announcement will occur on the heals of the reverse split. Without forward movement regarding its pipeline, though, the reverse split is doomed to failure. The shame of it, besides all of the broken promises in the past, is that GMGC's management just doesn't seem to be up to the challenge, or properly focused on the severity of the situation they have put themselves (and us) in. Barring a shocker of a Conference Call, this company continues to be dead money. I just wish they had even one clutch hitter. Take care. Seconds Out.