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

To: Earlgrey who wrote (2952)	7/28/1998 10:16:00 AM
From: JC	Read Replies (2) \| Respond to of 10081

Earl- It is obvious that the price of the stock (898% increase etc.) was built in for the product on expectations, and these expectations will not change unless one of several things occurs. 1. GMGC shows real revenue/profitability (Not for a year at least) 2. GMGC forecasts revenue (Not likely) 3. A Major brokerage forecasts revenue/profitability (Not likely unless they have hard past numbers to rely upon.. which they won't for a year at least) 4. A Brokerage reccommends the stock as a strong buy or a buy. (Not likely given 1,2,3) The price of this stock won't rise until one of the previous conditions is met, because volume and interest will not be there in sufficient ammount for a rise to occur. I expect the price to hover from 11.5-14 for te remainder of '98, barring a buyout from microsoft or motorolla, or some other sufficiently earth shattering news. JC