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May I start by quoting myself, verbatim?
"Seven, come Eleven!!! Baby needs a new pair of shoes!!!"
We had our Seven, now we've got Eleven
What's next? ......... Surely not CRAPS!!!
It's nice to see a little stirring under the blankets, though ... even if it does include "Using the MagicTalk Enterprise Platform companies can now 'push' targeted information over the voice channel to any device to gain recipient's attention and/or spur action." ... which, of course, means I'll have to have my home telephone removed.
I've been able, by the prompt delivery of an intense monologue, to dissuade those rude and inconsiderate enough to intrude into my home via the telephone. I think I've managed to get off ALL the lists. Now that GMGC has perfected the means of letting a machine do it, my verbal abuse will be pointless. Ohhhhhh, how I hate machines. (Yes, Virginia, I know about Watson and others of its ilk, but this new ogre has PERSONALITY!!!)
I've had telephones in my life since childhood, albeit the crank type, but humans existed without phones before Alex called Watson, so I'll find a way to survive. If this puts GMGC over the top, I wouldn't need to talk to anyone, anyway.
Fred
iHUB is my hub!
Well, after a long silence, here comes some news and the stock seems to like it (so far):
General Magic, Inc. (Nasdaq:GMGC), a pioneer in enterprise voice
infrastructure software, today announced a series of important
enhancements to its magicTalk(R) Enterprise Platform suite of software
that significantly increases the ability of enterprises to rapidly
develop and deploy self-service voice applications accessible by
telephone. Available now, the magicTalk Enterprise Platform 1.5
integrates key technologies from General Magic's recently signed OEM
partner InterVoice-Brite, Inc., for the delivery of a wide range of
computer-telephony integration (CTI) and other advanced telephony
functions to the fast-growing market for next-generation interactive
voice response (IVR) solutions that leverage Internet/Web
technologies.
"The new capabilities in the magicTalk Enterprise Platform extend
it as the enterprise voice platform of choice for companies seeking to
provide voice access to their e-business applications and expand call
center automation," said Paula Skokowski, VP Marketing, General Magic.
"With the magicTalk Enterprise Platform as their voice infrastructure,
companies can quickly deploy voice-enabled enterprise applications
that enable customers, employees, partners and suppliers to access
content and execute transactions in the most cost-effective manner,
leveraging the same business logic and enterprise software across Web,
wireless and voice services."
By combining the advanced technologies of General Magic and
InterVoice-Brite, the magicTalk Enterprise Platform provides a
Web-based IVR solution incorporating voice user interfaces that
humanize the caller's experience of self-service phone applications.
Important new features in the magicTalk Enterprise Platform for making
Web-based IVR a key channel for use by companies in extending voice
self-service to customers and other constituents include:
-- Voice alerts and notifications. Using the magicTalk
Enterprise Platform companies can now "push" targeted
information over the voice channel to any device to gain
recipient's attention and/or spur action. Expanded
outbound call support within the magicTalk Enterprise
Platform, including live call detection and live agent
transfer, enables enterprises to not only broadcast alerts
and "push" notifications across the voice channel but also
provide the recipient with a voice user interface to take
action based on the alert. For example, outbound voice
notifications can be used to notify customers of account
status and activity, product shipments or product
promotions and the voice user interface can offer
customers the opportunity to take action on the spot, such
as request increase in credit limit, schedule a delivery
time, or purchase a product over the phone.
-- VoiceXML 2.0 compliant browser. The magicTalk Enterprise
Platform supports voice applications written to the latest
version of the VoiceXML specification - VoiceXML 2.0.
Bundled with the magicTalk Enterprise Platform is a
front-end component called the magicTalk VoiceXML Gateway
that manages the VoiceXML-based voice user interface for
voice self-service transactions and inquiries over any
wireless/wireline phone. The magicTalk VoiceXML gateway
recognizes caller's input and requests and presents
information to the caller either in the form of
pre-recorded prompts or personalized voice responses
dynamically generated from up-to-date enterprise data.
-- Out-of-the-box telephony functions. The telephony
functions in the magicTalk VoiceXML Gateway provide the
ability to answer, screen and transfer large volumes of
calls simultaneously. Inbound calls can be screened using
Automatic Number Identification (ANI) and Dialed Number
Identification (DNIS) recognition. Options for
transferring calls include Blind Transfer, Music-on-Hold,
Digital Answer Detect and Smart Transfer. Outbound call
support allows push notifications. User data input and
menu selection can be done either through spoken input or
through the touchtone keypad (DTMF).
-- Extensive CTI support. The magicTalk Enterprise Platform
supports the most widely used computer-telephony
interfaces, allowing seamless integration of voice-enabled
applications with contact center solutions. Available CTI
interfaces include Aspect Contact Server; Aspect
Application Bridge CTI v5, v7; TSAPI Passageway
(Avaya/Lucent G3); Cisco Intelligent Contact Manager with
Service Control, Dialogic CT-Connect CTI v3; Genesys 6.1
IVR and T-server; TAPI 2.0 CTI Interface; OAI Intecom; HP
CCM v5.8; Quintus VOX Server v5.0; Nortel Meridian
Link/Interlink; CT-Connect 5.0; 3G Support; Analog to
Digital T1 or E1 connectivity; ISDN, CAS, SS7 protocol
support for both AT&T and Nortel, including NFAS;
Port-to-Port switching, bridging, conferencing and full
application level call control.
About General Magic
General Magic is a leading voice infrastructure software company
that provides enterprise-grade software and supporting voice dialog
design and hosting services that enable companies to quickly and
efficiently provide anytime, anywhere access to information and
services over the telephone. General Magic's VoiceXML & J2EE(TM)-based
solutions enable enterprises to easily integrate voice access into
enterprise applications using a broad selection of speech recognition
technologies and telephony interfaces. These solutions make voice a
strategic tool in helping businesses improve the customer experience,
reduce transaction costs, and provide high quality, voice branded
access to content and services. General Magic is headquartered in
Sunnyvale, Calif. For additional information, visit
www.generalmagic.com.
OT -- Fred
Hey, nice poem . . . you've missed your calling!
Re gut feeling, the feeling's all gone at the moment. Kinda like a shot of Novacaine . . . all numbed up. Hope it wears off soon so I can "stomach" some more stock purchases!
But I'm about out of investable funds . . . spent most of my money on wine, women and song (and stocks) and, as some rogue once said, I've squandered the rest!
Of course, it's all been a fun trip (albeit a round trip) and worth it, 'cause I've gotten to meet a lot of swell people like you.
v
I read that, "V", and find myself in partial agreement with him (he said, as if asserting agreement with a professional weren't a flash of pure arrogance). I, too, think the easy comparisons are just around the corner. I'm not convinced that the current swoon is the last one we'll see, though ... even this year.
I lean in the direction of an UP July, followed by a severe dip going into the fall (fall in the calendar sense, not in the market sense). That's a tactical view, of course. Strategically, I think we'll have an opportunity to buy ... lower.
There is one interesting point about my opinion: I've held it (or something very much like it) at least twice before, and both times was outrageously WRONG! I guess I'd better keep practicing.
Now, to the important stuff ...
It's clear that you loved the idolatry of being a letterman in high school. I know, because of your predilection for letters ... although you lEAVe several unused. I got a small "w" from my school, but I don't brag about it 'cause I really wanted one of them BIG ones. Unfortunately, they didn't give letters for grades. Ahhhh, the injustice!!!
I once knew a real market wizard
Who styled himself coyly as Vizard
He was a good man
Well-loved by his clan
Who selected a stock with his gizzard
(General Magic WAS a gut feeling, wasn't it?)
Fred
iHUB is my hub!
Well, this excerpt from the Barton Biggs' interview suggests that maybe we're getting close (assuming that he knows what the heck he's talking about!!):
-- BARRON'S: Barron's 2002 Midyear Roundtable --
By Lauren R. Rublin
Barron's: Rumor has it you've turned bullish. Why?
Biggs: Things have worked out much as we thought since January. But we're
either at or close to an important bottom, and the selling has gotten overdone.
Sentiment has gotten too depressed. Valuations have become somewhat more
attractive both in the U.S. and around the world. So I think we're setting up
for a rally that lasts for a couple of months and takes the S&P up roughly 15%
and the Nasdaq up 30%. And it takes a lot of these busted stocks up 50%.
Q: But the market overall is not out of the woods, is it?
A: No. There are still a lot of problems. But there are some fundamental
reasons to think the market will rally, not just the fact that valuations are
cheaper and the market is oversold. We've got at least three, probably four,
quarters of favorable earnings comparisons ahead. Inflation is still very low.
The Federal Reserve is still very easy. The U.S. and world economies are not
going to fall apart. Is it going to be a slow, sluggish recovery? Yes. But real
growth will be 3% in the second half of this year, and S&P earnings will be up
20%-25% . . .
Hey, Fred!!
Don't worry . . .
I just had to let it all out!!
(Got up on the wrong side of the bed this morning.)
Now I feel much better.
Never say die!!
I'll be in there buying Monday morning!!
v
Ahhh, "V"-as in vigorous, "These are the times that try men's souls" and I wish I remembered the following, even more pithy lines. Something about the summer patriot, weren't they?
We're in a bare, bear market, but nothing lasts forever. I'd considered sending you a private message on the topic, but elected not to. I'm so fearful of overstepping the bounds.
Anyway, in the inimitable words of my old drill instructor ...
Chin up!
Chest out!
Stomach in!
I'll write later.
Fred
iHUB is my hub!
Fred, well I know one thing for sure about where I'm "sitting" . . . on a heap o' losses!!
As I mentioned on another board, "So this is what a bear market feels like . . . I'd almost forgotten." It sure hurts financially, but the whole experience is just making a better person out of me by testing my resolve and positive attitude, right??
I keep saying to myself, "The downturn is only temporary . . . I'm a long-term investor, I'm a long-term investor, I'm a long-term investor . . . and it worked for Warren Buffett." Well, it hasn't worked for me yet, and I'm running out of time!!! Guess a lot depends on which horse you pick . . . mine stumbled out of the gate, and hasn't fully recovered since. But at least the race isn't quite over yet . . . or is it?
Wake me when it's over. Then I'll get up and probably do the same thing all over again. The thrill of the chase, you know!
Fear & Greed, Fear & Greed, Fear & Greed. Sure seems like we're now about 180 degrees from the euphoric psychology of two years ago . . . problem is, bull/bear market trends usually last longer than justified by the fundamentals. Wake me when it's over . . .
Back to my Dreamland,
v
Hey, Big-V
Isn't perspective wierd? I mean, how many times have you heard the expression,
"Seven, come Eleven!!! Baby needs a new pair of shoes!!!"
And, now, here we sit ... sober, staid, conservative ... thinking the same thing. I guess it just depends on where you're sitting.
C'mon, Kathy-Baby ... ROLL 'EM!!
Fred
iHUB is my hub!
OT: You got that right!!!!
The tragedy is that all the hoopla is meaningless. Nothing will happen because you can not legislate morality. The corruption in our system starts at the top and permeates it. When we wink and reelect an unprincipled president; when our politicians are "sold" like beer, by demographic appeal; when our laws are made by special interests, it is silly to imagine that our system will improve.
What we need now (he said with his tongue stuck firmly in his cheek) is another proponent of "situational ethics"!!! Many years ago, an acquaintance told me she did not trust anyone who was good with words. At the time, it offended me. I've learned to understand and respect her point of view.
And, yet, for all the rage such antics raise in me, it is not enough to destroy my recollections of the many upright people I've had the privilege of knowing during my lifetime. Decency may not be chic at the moment, but it hasn't disappeared from the face of the earth.
Fred
iHUB is my hub!
OT: Good grief, Fred!!
What's this world coming to??!
All this stuff sure does wonders for investor confidence, huh?
Martha Stewart's Broker Put on Leave
Jun 21 8:23pm ET
By Greg Cresci
NEW YORK (Reuters) - Merrill Lynch & Co. said on Friday it placed two employees on leave, including the stockbroker of Martha Stewart, the home decorating diva who is embroiled in an alleged insider trading scandal.
Merrill, already smarting from a $100 million payment in May to settle a lawsuit over accusations company brokers misled investors, said it took the action after an internal probe raised questions about a client transaction.
The statement is the latest twist in a scandal involving stock sales of troubled biotech company ImClone Systems Inc. by Stewart and ImClone's former chief executive, Samuel Waksal, who was indicted last week on charges of insider trading.
Investigators are examining whether Stewart, a friend of Waksal, may have been tipped off in December to sell her shares before negative news about ImClone caused its stock to drop.
Stewart has said repeatedly she had no inside information, and that she had agreed in late November with her broker, Peter Bacanovic, to sell her ImClone shares if they fell below $60.
In a statement, Merrill said it placed Bacanovic and Douglas Faneuil, a client associate, on "administrative leave pending further investigation." Merrill declined to say if the transaction in question involved Stewart's account.
Allegations of insider trading at ImClone have caught the attention of securities regulators and Congress alike.
Ken Johnson, a spokesman for the House Energy and Commerce Committee that is investigating the Enron scandal, said he believed Merrill discovered discrepancies in statements by Bacanovic and Faneuil before they were to be interviewed by panel investigators.
"This action only confirms our suspicions that we're on the right track and getting very close to the truth," Johnson said. "Clearly, Peter Bacanovic has emerged as one of the key figures in our investigation" of ImClone and Waksal's family.
Johnson said Waksal's daughter, Aliza, sold some $2.5 million worth of ImClone stock on Dec. 27, a day before the U.S. Food and Drug Administration rejected the company's marketing application for its experimental cancer drug, Erbitux. Stewart also sold her shares the same day.
"We have been digging around for the past two weeks trying to determine if Bacanovic or his associate pulled the trigger on Aliza Waksal's trades," Johnson said.
Shares of New York-based ImClone have fallen nearly 85 percent since Dec. 28, the day the FDA rejected Erbitux.
Bacanovic was director of business development at New York-based ImClone from 1990 until 1992, according to an ImClone spokesman, who declined further comment.
There was no immediate comment from Stewart or her company, Martha Stewart Living Omnimedia Inc..
"There is some information that we discovered that we thought should be turned over the authorities for their evaluation," a Merrill spokesman told Reuters. "It is not to say that these guys necessarily did anything wrong."
The Merrill spokesman said the Securities and Exchange Commission will likely make the next move.
"It was our initiative," the spokesman said. "We really want to be seen to be taking action."
Merrill said the information about the transaction came to its attention during the past 48 hours.
Yeah, Pez ... I'm glub glub still glub around. I slipped over to Silicon Investor a while ago to check out Mr. Denigration's attack on a couple of decent folks ... but I didn't stay long (like I did with General Magic).
I also glanced at parts of the prospectus this AM. It's sure a race, isn't it? We gonna get business before we get dead?
On a positive note, I liked the description of what General Electric is doing with the system. They're working on an in-house implementation which makes more sense (to me) than a system for public use. You can train in-house people and get the greatest benefit. If that idea catches on, it might add a penny or so to our share price.
Fred
iHUB is my hub!
Does anyone have a moment to describe the "divide" key for me? I need to find it! General Magic wants me to practice my long division.
Oh, dear. It's back to school I go.
Ya know? In my day, we had a splitter in the truck. It was an auxiliary transmission. It gave you the ability to "split" the gears in the main box. Third, under. Third, over. Fourth, under. Like that. In one of the trucks I drove we had a 3-speed auxiliary. That was a dream. No problem keeping the engine between 18- and 2100. And, Oooooo, the muscles you built.
Anyway, the point is ... you could use the splitter in reverse, too. Not, that I ever heard of anyone splitting in reverse. I mean, why would you want to? Going backwards slowly is bad enough. Wouldn't want to be in a hurry ...
Ms. Layton. I'll play. How do you spell d-e-n-o-m-i-n-a-t-o-r?
Fred
OT -- Fred:
See?! Even when you inadvertently misspell a word, the result is nonetheless a masterpiece!!
And good luck with DYN . . . the negative sentiment is so high now, it's a contrarian's dream. Apparently yesterday's annual shareholders' meeting went well.
And lastly, yes, the market's looking much better this past week . . . too bad my stocks aren't participating!
Have a great weekend.
v
Well, V, I'm not sure. Would that be like "Take Stock In America" modified with a little "Pass It On!!"? The idea of Barnum & Bailey is particularly appropriate ... there's one born every minute ... and he buys stock.
Speaking of wallpaper, I decided to redo a room in my home ... and leapt into the Dynegy pool over the past few days. I won't have enough to redo the whole house, but I wouldn't want to cover up all that lustrous GMGC paper, anyway.
Hey! What's with all this doom and gloom. I saw a definite upturn in the market this week. Even I can see that it was fundamentally based and had nothing to do with expiration.
V, you gotta love this: When typing that last sentence, I accidentally dropped the "r" in "expiration". When I read it, I flipped. I was tempted to leave it, but, noooo ...
Fred
Hey, Fred -- Another OT:
http://www.oneshare.com/exec4/index.asp?
Have you seen this website? It's kinda kool!! Great way to send someone (or yourself) a thoughtful/appropriate gift that might even someday actually appreciate in value (once this bear market is over)!!
Good way to fill up that open spot on the wall in your den (next to all those GMGC certificates!!).
I just wish these guys were still public . . . they had an awesome-looking stock certificate:
http://www.ringling.com/explore/history/
Good hunting!!
v
V, I can't thank you enough. I'm not too kooool on the internet, and I'd never have found it on my own.
Yes, I believe earnings should drive stock prices, but there has been so much B/S that I wouldn't waste my time trying to follow what was being put out. Now there's at least a chance to get some fundamental data. It wouldn't surprise me if we saw most of the prodigals return to their roots, at least for a while.
Fred
OT: Fred --
If you have 30 minutes or so to spare and you're one of those investors who believe that earnings actually have something to do with stock prices (weren't too many of us two years ago, but the ranks are growing more recently!), you might wanna go poke around at this site:
http://www.standardandpoors.com/PressRoom/index.html
Especially look at "Standard & Poor's To Change System For Evaluating Corporate Earnings" (under "HOT TOPICS") and "Corporate Earnings Documentation" where "Measures of Corporate Earnings" details S&P's methodology and where the earnings of Cisco, GE and Tricon Global are reviewed, showing the difference between these companies' various types of reported earnings and the "core" earnings as defined by S&P . . . it's very interesting.
The bottom line is that S&P will soon be reporting the "core" earnings for companies and for indices, which among other things includes the expense of stock options that the majority of companies are not now including in their reported earnings. (S&P points out that only 2 companies in the S&P 500 Index currently include employee stock-option grants as an expense item in their income statements . . . if stock options were included as an expense, it would have lowered the earnings of the companies in the S&P 500 by 10%, on average, last year.)
Here are a few snippets to whet your appetite:
"For over 140 years, Standard & Poor's has stood for the investor's right to know. Central to that objective is a clear, consistent, definition of a company's financial position," said Leo O'Neill, president of Standard & Poor's. "The increased use of so-called pro forma earnings and other measures to report corporate performance has generated controversy and confusion and has not served investor interests. Standard & Poor's Core Earnings definition will help build consensus and restore investor trust and confidence in the data used to make investment decisions."
"A number of recent high profile bankruptcies have renewed investors' concerns about the reliability of corporate reporting," said David M. Blitzer, Standard & Poor's chief investment strategist. "From the work we have just completed, our hope is to generate additional public discussion on earnings measures. Once there are more generally accepted definitions, it will be much easier for analysts and investors to evaluate varying investment opinions and recommendations and form their own views of which companies are the most attractive."
Beginning shortly, Standard & Poor's will include the components of its definition for Core Earnings in its COMPUSTAT database for the U.S., the leading source for corporate financial data. In addition, Core Earnings will be calculated and reported for Standard & Poor's U.S. equity indices, including the S&P 500. Finally, Standard & Poor's own equity research team, which provides opinions on over 1100 stocks, will adopt Core Earnings in its analyses.
Just something more to ponder re the overall investment equation . . .
v
Fred --
I don't need JohnM to remind me . . .
My wife reminds me nearly every day, much to my chagrin!!
Good thing I'm so handsome and humble, or she woulda left me a long time ago for a smarter, richer man!!
But seriously, JohnM has a great feel for companies and the markets, and his past prognostications have been better than most . . . it would be prudent to seriously consider his perspectives. And I'll be the first (well, probably not the first) to admit that things don't look good right now.
But while there's still life, there's still hope. In GMGC's case, they may yet be able to pull an ace out of the hole, e.g., an actual contract with IBM, GE, C and/or someone else that puts some real $$$$$ into their pocket . . . but it better happen pretty soon. If so, the stock's upside from the current price should be very rewarding. If not, well, my income will be at least partially tax-sheltered for decades to come.
Since I'm still long, I'm obviously betting that they make it. If not, my wife may single-handedly alter the male life-expectancy tables toward the downside.
v
Hey, Big-V
I suppose you saw John Madarasz' take on this. He always seemed to make sensible posts, so this one is discouraging:
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=17461085
I know the possibility is there. I guess I just don't enjoy being reminded of it.
Fred
For it's a long, long time
From May to December
And the days grow short
When you reach September ...
From a lovely song that graced our days, many moons ago.
Fred
P.S., For Mr. Russian,
My I propose a theme for your next management meeting?
A theme of SELL! SELL! SELL! seems appropriate.
(not stock, David, PRODUCT!!!!)
SUNNYVALE, Calif.--(BUSINESS WIRE)--May 13, 2002--General Magic,
Inc. (Nasdaq:GMGC), a pioneer in voice application software and
services, today announced that it has received approval from The
Nasdaq Stock Market to transfer its listing from the National Market
to the SmallCap Market effective at the opening of business today. The
Company's securities will continue trading under its current symbol:
"GMGC".
"Listing on the Nasdaq SmallCap Market enables General Magic to
maintain a liquid trading profile on a well-regulated and transparent
market for the benefit of all General Magic stockholders," said David
Russian, chief financial officer of the Company. "We are pleased that
our application to transfer to the Nasdaq SmallCap Market has been
accepted, since this will provide the Company with additional time,
until August 13th, to execute our business plan and to comply with the
Nasdaq Stock Market's $1.00 minimum bid price requirement. In the
event we do not meet the minimum bid price requirement by the August
deadline, then Nasdaq can grant us an additional 180-day grace period,
or until February 10, 2003, to regain compliance, if we meet the
"core" initial listing requirements for the Nasdaq SmallCap Market as
of that date, principally, a $5 million stockholder's equity
requirement."
"We continue to evaluate all necessary alternative courses of
action to ensure our continued listing on the Nasdaq Stock Market."
About General Magic
General Magic is a leading voice infrastructure company that
provides software and supporting voice dialog design and hosting
services that enable companies to quickly and efficiently provide
anytime, anywhere access to information and services over the
telephone. General Magic's VoiceXML-based solutions enable businesses
to easily integrate voice access into enterprise applications using a
broad selection of speech recognition technologies and telephony
interfaces. These solutions help businesses improve customer
relations, deliver value-added service and provide unlimited access to
content. General Magic is headquartered in Sunnyvale, Calif. For
additional information, visit http://www.generalmagic.com.
Fred
thank you for saying that _ I'm sure your father as I do mine.
Pez, I just happened to be on here when you posted that.
I'm very sorry to hear about the loss of your father.
It's a strange coincidence, but I dreamt about my father's funeral last night. It left the sense of loss and grief fresh in my mind. I'm very sorry. Sorry that I have no words to help.
Fred
Please tell me how wrong and how stupid I am?
-wish I could
I personally believe in the Onstar concept, at least today.
who knows about gmgc
I'll be crying about that later
right now I'm still drying my eyes about the recent loss of my father
how's that for reality PC
Pez, I had a really sad thought this evening. I know I should keep it to myself, but I guess misery loves company.
You may recall that I've never been enthralled with the OnStar concept. Now I've started to wonder what happens if it really does turn out to be a bust ... and GM drops it. That could get really ugly if word of it got out. The only good thing we've got going for us is that big companies hate calling attention to their mistakes, so they'd be very quiet it about it.
If we can just get a couple more healthy sales it wouldn't matter so much, even if it did happen. The GM deal is like slow strangulation, anyway. It's only advantage has been keeping the wolves away long enough (I hope) to let us find a REAL customer.
Oh, my. I'm afraid I'm unduly negative this evening.
Please tell me how wrong and how stupid I am.
Fred
Fred, months of same?
you betcha - opportunity to buy lower? likely, imo
I suppose i've got nuthin' but time anyway.
will check out SI thread once in a while.
Best Regards to sad longs
v-man, that's priceless
just like this stock
thanks for the big laugh - now I can cry with a smile on my face :-]
SUPER!!!!
I wish I could say you took the words right out of my mouth, but I can't stretch either my mouth or the truth that far.
Yo! Pez!
I dig it, man. What's worse, I expect months of the same. I wish I could be more helpful, but my sleeve is sopping wet with my own tears.
Oh, say.
Did you happen to see Wstera_2's contribution over on Silicon Investor. It may not completely recharge your batteries for another act of faith, but you gotta admit it's better than a deafening silence.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=17410573
Fred
Pezman --
Dear Sir:
This is to advise you that your complaint has been received, duly noted and filed with our department, along with 4,236,791 similar letters and e-mails received by us during the past seven days from other disgruntled stock-market traders and investors.
Rest assured that we are doing everything in our power to turn the market around, but a large degree of patience is sometimes required in these matters. While such endeavors of ours to return the market to an upward-sloping trajectory can be frustratingly ineffective for short periods of time due to economic and other factors beyond our control, please note that our long-term record in this regard has been exemplary.
In the meantime, regarding your particular stock's "pitiful" price action, we would merely point out once more for your consideration that past performance is not necessarily indicative of future results.
Thank you for your continued interest in, and sponsorship of, the U.S. stock market.
Yours Truly,
Stock Market Complaint Department
P.S. -- Should you ever decide to IPO your PEZ-dispenser collection, please contact our Underwriting Department.
warning: complaint ahead
stock performance is pitiful -
end of complaint
V, with all my years of experience it would be devastating if I couldn't tell a real woman from a machine!!!
You know, I was pleased with today's price action. I realize we may drift away over the next few weeks, but today wasn't the total disaster it looked like it was going to be last night. I don't know if you've seen it or not, but James Strauss wrote a nice post over in Silicon Investor (yup, I'm still a member. No disrespect to to iHub, of course). Here's an extract of Jim's post:
The other day when it traded over 8 million shares only to finish lower, smacked of manipulation... Nonetheless, The revenues are growing... If they can keep afloat another year, we could see them get out from under the yoke of dilutive financing followed by a move to profitability... They have a product that many companies need... If they can increase their customer base they make money... The new mgmt is performing better than the old mgmt... It will probably take another year for this story to play out... As for delisting, if it happens, it won't interfere with the day to day business... They will still have a product that GM and others will be using... Note the growth in licensing revenues...
Three-month Periods Ended
.......................................March 31,.......March 31,
..........................................2002.................2001
Revenues:
Service revenue..............$1,781............$1,145
Service revenue...................244...................55
Licensing revenue...............447....................16
.........................................======..........======
Total revenue....................2,472...............1,216
This story isn't finished yet...
Jim
The numbers are pretty anemic, but they're going in the right direction, aren't they? (I hope my home-made tabling mechanism works).
You can find the post at: http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=17383656
Fred
Hey, Fred!!
Well, while all us longs are waitin' patiently for that proverbial "next year," see the article below for another (relatively painless and fun) way to try making some money . . . a cool grand!!
(Is it Speechify Helen, or is it the real Helen . . . or is it, in fact, really GMGC's "Mary" in disguise??!!)
v
-- Calling All Humans to Take the Speechify Challenge! Is it Real Helen or Is It --
Speechify Helen?
BOSTON--(BUSINESS WIRE)--April 25, 2002--
Visit www.speechifychallenge.com and Hear for Yourself Just How Real
TTS Can Sound
Think you've heard it all about automated voices that sound just
like a real person? We don't think you have...yet. Starting today,
SpeechWorks International, Inc. (Nasdaq: SPWX), the global leader in
speech recognition and text-to-speech (TTS) technologies and services,
invites you to take the Speechify Challenge to hear for yourself TTS
so real it actually sounds like a natural voice. Visit
www.speechifychallenge.com and cast your vote for the "Real Helen" or
"Speechify Helen." Take a listen on the website and you will be
entered into a drawing to receive American Express gift certificates,
one worth $1,000!
During a recent test, even industry analysts had difficulty
distinguishing between Real Helen and Speechify Helen. "The Speechify
Challenge represents an industry first, " said Rachel L. MacAulay,
senior analyst of Voice & Wireless Commerce at The Kelsey Group. "It
sets a precedent for the text-to-speech market by running a comparison
against real speech. This is a bold move on SpeechWorks' part."
The Speechify Challenge is based on the Speechify 2.1 TTS engine
from SpeechWorks, software that takes written text and expresses it as
spoken language.
Welcome to the Chicago Cubs Board of Patience Training (Alternatively known as the Red Sox Board of Patience Training)
Wait'll Next Year!!
Fred
Yeah, Baja, it's tough to be ugly. I think timhyma's comments are worth reviewing, too:
http://www.investorshub.com/boards/read_msg.asp?message_id=339364
Fred
Nope. about noon the 'ask' was fully stacked again. according to thompson fn over the last month nearly 70% of the trades were completed by institutional interests. since only 5% of the float is institutionaly owned - i think its clear to assume that this stock is not run by traditional market forces. . its soooooo frustrating to know that how you do on this investment is mostly determined by hyperion's strategy to making money (i.e. short, long, short, long etc.)
Finally, today it looks like the "ask" side is easing up. Usually there would be block and block of orders at each .01 increment in price. It appears to me that Hyperion is going to let the retail momentum carry things up into the CC for a change. I bet we see a good percentage increase today on lower than normal volume.
I hope there is some good news tomorrow to warrant an upward shift in valuation.
Baja
thanks for the response guys - eom
Pez,
the action after 2 pm yesterday has me stumped.
Pez, I considered writing something about it. Then, I reconsidered. However, since you asked .....
I'm choosing to look at today's action as a bullish manifestation.
Here's why:
I keep hearing these stories about how GMGC's price is controlled by financiers who manipulate the price to their advantage. You know what I'm talking about ... all that stuff about "them" driving the price down so they can cover their shorts, and so forth. (It's important to know I don't pay much attention to that talk. It's not that I don't believe it. It's just that I don't know whether it's right or wrong, so I don't worry about it.)
However ...
Suppose all that speculation is accurate. Why, in that case, today's action is clearly designed to terrify the little holders and get them to sell so the greedy financiers can pick up the shares for a pittance. Obviously, that means next week's c/c is going to be a blockbuster!!!
Hey! Why not. That opinion is based on as much fact as most of the ones I've heard (dgurgel always excepted, of course).
Fred
today's action interesting
what to make of it is another matter
any ideas anyone? Baja?
shall we expect more of this type of action? high volume spike and plunge? hmmmmm
Fred -- LOL!!
Great observations, as usual . . .
Now where the heck is Bill Murray when we need him? . . .
Maybe he could entice that critter outta its burrow!!
v
Hi, V. It's not that I "... never seem to sleep!", it's that I wake up at odd hours.
Pumping on R/B, you say. Wha' hoppen? Is dgurgel on a trip?
I'd go over and peek but my credulity couldn't stand the strain.
Yeah, V, I watch the General Magic chart. I've watched it every day for several years. It's a marvel. I think it missed it's calling ... it could teach a prairie dog how to dig ... deeper ... and deeper ... and deeper.
Right now, it's poking its head out of the burrow, and you can see it, twisting its head this way and that, trying to see if anyone is getting ready to pounce on it. I'm afraid to move, 'cause soon as it spots me, all I'll see will be its tail. Quicker than you can say, "B-U-Y!", it'll duck back down into its cuddly sub-NASDAQ-listing nest.
There's only one way to treat this stock, V. Disown it. Don't let it know your pillow is stuffed with it. Make it think you're winding it on the roller in the bathroom. When it sees nothing but despair, that invigorates its DeSade complex and it perks up, tantalizing you. As soon as you smile, though, whammo, it slams you again.
That guy who said, "Hope springs eternal in the human breast." must have been a General Magic holder.
Fred
Re: " what kinda odds can we put on GMGC eventually getting back to $1.00+? Gotta be better than playin' lotto, eh?"
HE SAID, HOPEFULLY
Fred
Fred --
Very interesting . . . thanks for the find.
(You and Bob Z. related? You two never seem to sleep!)
Are you charting this one yourself? The volume/price move over the past few days looks like a bit more than would have been generated (if any) by the mild pumping attempt going on over at RB -- not that I look at RB, ya understand . . . a buddy told me about it
In any case, getting through the $0.28-$0.30 level, if it happens on decent volume, would seem to indicate (to my untrained TA eye) that a pretty savory treat (i.e., a lot more upside) is in store for us . . . . but ahhh-h, those slips 'tween cup and lip!
Hey, OT but still speaking of potential big bucks, did ya hear on CBS news where somebody figured out -- regarding the odds of winning last nite's $325 million Big Game lottery -- that you would be 61 times more likely to be attacked by a flesh-eating virus??!! Wow, now there's a graphic revelation for ya, huh? If I were addicted to lotto gambling, I think that one would stop me dead in my tracks . . . just hearing that the odds are 16.3 gazillion-to-one doesn't quite have the same impact!! So let's see . . . what kinda odds can we put on GMGC eventually getting back to $1.00+? Gotta be better than playin' lotto, eh?
v
Boy, Baja, that's a hard one to call. I'm not nearly as optimistic as you are. I thought maybe .30+ followed by another retracement. As far as the "financiers" is concerned, one of the tragedies of my life is I was never smart enough to guess what those kinds of folk have in mind, so I rarely think about it.
It's true that we're a finanacial football. The folks with the money control the game, and GMGC will be on its knees until they can generate enough cash to run their business without having to beg. My guess is that OnStar is a total bust as far as GMGC is concerned, which will delay breakeven until we have something folks want. I also think there is a growing realization that machines, with or without personalities, proclaim loudly to those forced to use them that the vendor has no respect for or interest in its customers.
If I feel that way, where do I think profitability will come from? It will come, however much reduced from the original dream-like expectations, from the many companies that believe automated systems are in their best interests. Fortunately, there are still plenty of them ... and they aren't looking for my approval.
Fred
Fred,
Price wise, where do you anticipate GMGC will end up leading into the CC. I couldn't read a technical chart if tried, but, I'm rolling the dice that we hit half a buck on or just before the 24th. I'm also expecting to see a SHARP sell off right after the CC - as we head into the next resetting period.
IMO the sharks got rid of about 3 million shares today which I think puts them at having sold approx 5 million of the 33 million purchased in the last round. I expect that they will be able to unload another 15 million or so prior to the CC. That will leave them long about 13 million shares, a profit of approx $4.5 million (25 million sold at an average cost of .39) and they will likely go short for 15 million shares during the reset period. After the price is set - they cover their short positon with their outstanding long side and go long until GMGC needs more money. I'm in the wrong business.
Baja33
Yes, Sir. It was, and the post he put on this (GMGC) board looks like a good one.
P & B got me here, now lets see what P & H will do.
Fred
P & B: Patience & Buying
P & H: Patience & Holding
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