General Magic (fka GMGC)

[v-man]

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