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

To: Kevin G. O'Neill who wrote (4023)	11/4/1998 2:04:00 AM
From: Sea Otter	Read Replies (2) \| Respond to of 10081

Seybold Article, Other Random Stuff - Yes, the Seybold article is great. However, it is over a year old (with some annotations to update to the Portico name). Not that it matters, the logic of it still holds. - After looking more at the Dataranger deal, I'm even more pleased. This is a dog of a business that the new gmgc had no reason to pursue. Hardware/software integrated products for vertical markets? Competing with other hardware firms and CE? Razor-thin margins? Ug, no thanks. At first I thought it would have been better for Markman to simply scrap the whole effort. However, the $3M they put into their minority stake probably isn't much greater than it would have cost to terminate the effort and employees. And, who knows, maybe something will come of it. In any event, now gmgc is admirably focused and presents a pure internet/voice service play without weird divergent efforts. Schramm is a wonderful man and I wish him the best, but I think he's got his work cut out for him. (For one thing, only $8M in capitalization - hardly a rich budget given headcount and type of business Dataranger is in. But - no longer our problem!). - Now the new gmgc is free to do deals with all comers without being perceived as a potential device/OS threat. This has to make them more attractive to Microsoft, for instance. - I don't buy the line that the quarter numbers were delayed because gmgc "was too busy". As I've said in the past, I believe a deal with Bellsouth will happen this month. Thus it seems likely to me that a carrier or partner announcement is the motivation for the delay. We'll know soon enough. (That post about the lack of southern resellers raised my conviction on this point a number of notches). - GMGC is executing in such a wonderful fashion. Yes, I am in love with this stock, I admit it. But I continue to believe it is such a rare opportunity. Good luck everyone. Hopefully we'll make serious money again very soon. Sea Otter