General Magic (fka GMGC)

[Koikaze]

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