We find that the optical magnitudes of GRB 990123 observed by the Robotic O
ptical Transient Search Experiment move in tandem with the magnitudes extra
polated from the simultaneous BATSE spectra, strongly suggesting that the o
ptical, X-ray, and gamma-ray photons originate from a single source. We the
n show that the broadband optical-gamma-ray spectra can be naturally fit by
the saturated Compton model. We also derive the parameters of the Compton
emitting shell from first principles.