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Technology Stocks : General Magic
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To: Austin S. who wrote (2852)7/20/1998 10:07:00 PM
From: Austin S.   of 10081
 
With respect to potential GMGC revenues.......I learned, or rather confirmed, today that the residual commission structure for resellers is for a period of 4 years only. After the expiration of 4 continuous years of Portico service for any given account, ALL residuals revert back to GMGC. This has HUGE potential, when you consider that GMGC will then be benefiting from an extra 12-13% revenue (gravy) after this 4 year period of time on each account. As for ongoing an new accounts, the resellers will continue getting the up-front spiffs on each new activation along with compounding residuals for 48 months. Thus, the resellers stand to make mucho $$$$ if they can successfully sell Portico.

[I also understand that the maximum residuals/commissions to resellers for gross Portico revenue over $10,000 will be 14%.]
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