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

To: Seconds Out who wrote (5284)	2/21/1999 11:50:00 PM
From: Sea Otter	Respond to of 10081

As might be expected, I agree with all of Seconds Out's points. Ditto, ditto, ditto. I am very curious how LS would have led GMGC differently were he in Markman's shoes. From my perspective Markman has performed flawlessly, delivering everything he said he'd do and more. What, specifically, would others have done differently? As to the market ... The stock market is often a bad or skewed judge of value. All of us have seen it value high-tech stocks at ridiculously low prices, then turn around a few months later and offer these same stocks at premiums. Happens all the time. All GMGC can do is focus on the business and build business value. Eventually, over time, the market will take that into account. Meanwhile Markman has to keep his eye on the ball and not concern himself with traders. (Thus: he is completely right in not putting out PR that would give away strategic info to competitors, even though this might help the stock price over the short term). GMGC was a fantastic performer for the long-timers last year. Many came away with 10-baggers or better. Now we're presented with a similar situation: do we buy the stock at these low prices? Well, last year GMGC was a leap of faith in many respects - virtually nothing was known about the firm's prospects. Now however, there is a ton of data about the firm, and it is uniformly positive imho. Therefore it seems to be a very good time to invest and hold. Of course, few people will make that call. Emotion and herd psychology rules and always will. FWIW, I'm down ~20k on my GMGC position right now. So if anyone has the right to be negative it should be me. But all I see is another opportunity to lock in great prices. And I've been taking advantage of this opportunity. (Nothing like buying a stock on a Friday!). Sea Otter