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

To: Rick Rappaport who wrote (4037)	11/5/1998 9:05:00 PM
From: Seconds Out	Read Replies (2) \| Respond to of 10081

Rick, as we both know, it is critical for GMGC to sign with the Carriers. I also believe the Carriers need to sign with GMGC. Obviously not for their survival as with GMGC, but to be a major player in a revolutionary industry. Just as the Palm Pilot was a redefining product, so is Portico,IMHO. Even if we are disappointed on the 11th, I feel that as long as GMGC signs with a few Carriers by year end the company will be in fine shape by next summer. I still believe we will see a defining moment for GMGC next week. In my simple logic, if GMGC can get to 60,000 subscribers who average spending only $50 per month, GMGC is at an essentially break even point if they continue to have $9 million a quarter in expenses. I know this is simplistic, but it probably isn't too far off the mark. More importantly, it is very much achievable within the next 6 months. And that buys time. And time buys more opportunity for their technolgy to be applied and for the category to mature. I believe that GMGC will certainly exceed the subscriber rate mentioned above even with the inevitable competition, and I believe we will have an opportunity to once again see a higher price range for this stock. My money is where my mouth is. But I am watching closely. Seconds Out.