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

To: up_tick who wrote (3580)	8/25/1998 9:39:00 PM
From: Kurt Goebel	Respond to of 10081

> Portico isn't, nor are the other patents. These plus the others I listed (MagicTalk, Web On Call, DataRover) do have a tangible value. You ignored them, that's OK, just wanted to know how you fit them in your valuation calculation. > The value in GMGC is in it's ability to generate earnings, > or capture subscribers that can be sold to the highest bidder. OK agreed, beyond above (technology can be sold as well). >I didn't do the share conversion, I took GMGC supplied numbers >from the latest 10Q filing on Edgar. Thank you for the pointer, I'll take a look.

To: up_tick who wrote (3580)	8/25/1998 10:25:00 PM
From: Seconds Out	Read Replies (1) \| Respond to of 10081

It seems to me that there are many good high tech companies that are valued well beyond book value. Just how much is variable based on expectations. The value is created from patents, licenses, and potential. GMGC has all three. How can you ignore every aspect of the company except its liquidated value? OK, maybe not 15 7/16, but 1? You therefor must be putting ZERO value on its agent technology, ZERO value on the potential of Portico, AND ZERO value on Magic Talk. As long as everyone knows the basis of your conclusion, they can make their own judgement of its validity. Microsoft bought in at 3 3/4. Microsoft does not buy retail. The convertible preferred shares from the financing this summer have a floor of 5. These figures would seem to make more sense than yours as an indication for a bottom. I think we are very close to it now.