General Magic (fka GMGC)

[pezman]

This latest financing, lead by the Special Situations Fund, would appear to be a long-term investment by the Fund - this is a good news bad news story imo. It's good in that there is someone taking a longer-term financial interest. It's bad because it makes it appear obvious gmgc management can't handle the company on their own. SSF website shows they have a history of taking controlling interests in their investments.....that could be a long road for gmgc....thoughts run wild - months/ years of attempting to stabilize and finding legitimate business....oh the pain