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To: Sea Otter who wrote (4046)	11/6/1998 11:59:00 PM
From: VIPER85730	Respond to of 10081

Sea Otter, >If we're to implode, it seems to me that we'll implode next week. The only "bad" news I can imagine is our quarterly report followed by a knee-jerk market reaction due to the loss. Shades of last quarter. If that happens, perhaps Ray's prediction of $3 will indeed come true.< Your statement seems to sum things up pretty well. All I can say is that the floor has been holding pretty well here lately and if earnings are weak, it shouldn't surprise anyone like it did last quarter. On the other hand, this stock is like a pressure cooker now. Surely anyone reading this board realizes that some good news could send this stock up VERY quickly. (A few examples, look at KTEL earlier this week, up 95%, IOM this week up 70%, and CIEN's recent gains to name a few.) I SINCERELY doubt that we'll see 3 next week but if we do, I'll load the boat and retire by this time next year. Luck to you & all, VIPER-------<

To: Sea Otter who wrote (4046)	11/7/1998 12:26:00 PM
From: Kurt Goebel	Respond to of 10081

> I'm betting that GMGC learned from last quarter's fiasco > and will choreograph next week such that history doesn't > repeat. I agree, but the conditions are not the same as last quarter either. What else happened at the end of July? They launched Portico. It was not the "dramatic" launch people expected by a long shot. It was the "progressive roll out" with just a few resellers many of which we found out were not selling. I think investors/speculators anticipated something quite different. I think this had far more to do with the drop then the expected loss. The two coupled tightly together, didn't help though :^( We were told that the progressive roll out would not be supported by advertising until Q4. No carrier news would come until 99 and we still had only 5 carrier trialing it. This precise roadmap took all the speculation out of the stock. Nothing big was going to happen, everyone would have to wait till later in the year. Facing this and the potential market downturn due to Asia, many sold. Another thing that was different then was the stock price had the company valued at close to 400 million, clearly ahead of itself given the message from General Magic that Portico was being rolled out slower that expected. Today it is valued at under 200 million. While anything is hypothetically possible :^), I don't think we have anything close to the same volatile conditions we had back then.