General Magic Closes Doors

Discussion in 'Current Events' started by arn, Sep 18, 2002.

  1. arn
    macrumors god

    arn

    Staff Member

    Joined:
    Apr 9, 2001
    #1
  2. macrumors 6502a

    Joined:
    Oct 25, 2001
    #2
    A shame? Hardly!

    The only thing "high-flying" about General Magic was it's hype (and corresponding stock price).

    This company should have been put out of its misery serveral years ago.

    It doesn't matter how "cool" you think your technology is. Companies that lose tens of millions of dollars year after year should shut down. Period.

    Seriously, how can a company be allowed to consistently lose more money than they have in revenue?!? General Magic did this not for a couple years, but year, after year, after year...
     
  3. arn
    thread starter macrumors god

    arn

    Staff Member

    Joined:
    Apr 9, 2001
    #3
    Re: A shame? Hardly!

    True... in the end it was not a viable business.... but MagicCap was a brand new direction... and not the "status quo".

    Sure, some of these ideas don't quite make it mainstream... but overall a worthy effort. I mourn the loss of a company like this far more than the likes of a company that repackages old ideas.

    arn
     

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