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

To: geo who wrote (3104)	7/31/1998 9:46:00 PM
From: Austin S.	Read Replies (2) \| Respond to of 10081

Rethink the reasons you bought GMGC to begin with. Has anything changed? Are the fundamentals still intact? Did Portico launch timely? Will it work or perform as promised? Is it selling? Me, I'm sick about today's drastic collapse, but I'm hanging tight. I'll not participate in the panic sell off we saw today. There is no question but that GMGC was oversold today. Have we hit bottom? Who knows. Perhaps I'm a fool, but I think we'll not only survive today but in the end will do quite well. In any event, what we do know now is that this is by no means some short-term play.

To: geo who wrote (3104)	8/1/1998 12:59:00 AM
From: Kurt Goebel	Read Replies (1) \| Respond to of 10081

Geo, well let's see you believed at 15 and now you don't at 8. Anyway you slice it 8 is a better buy then 15. Downside less, upside more. Stock was just at 12 and had two bad days. 5.4 million shares were bought today. Lots of people getting in and cost averaging. They wanted to buy some when it was higher. Today seemed pretty much like a panic sell off. Revenues will start this quarter. Portico launched and is receiving good reviews and positive reseller reports. I expect the press will start picking it up. Every quarter from here will have increasing revenues. I called General Magic IR today and confirmed there was absolutely nothing wrong and they were pleased with the execution of their plan. The person I talked with agreed that the news coverage of their loss was misleading and he thought any informed person would understand they had been preparing the service and would have little revenue. They are focused on executing their plans and generating increasing revenues. All in all, I see a good opportunity to get 25-50% on an investment (buy at around 8 or lower if you get the chance and ride it to 10 or 12, maybe higher if you are happy with that call when it hits 12). Monday may see some margin call action, some latent panic, but it may also be a good day to pick up some GMGC at a low price. Have to do what your research tells you is right. It is a speculative stock, as we have seen it can swing wildly up or down. News coverage, real revenues and carrier announcements will move up the base over time.