Straight,
It's about time they canned McCormick's ass (excuse my French). Watch the stock price double tomorrow:)
Take care,
Kurt
PS The bolded words are mine:) I guess this means the news will finally start to flow:)
biz.yahoo.com
SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 20, 1999--General Magic today
announced that Rose Marcario has been named senior vice president and chief financial officer, effective November 8, 1999.
Marcario comes to General Magic with more than 10 years of senior financial management expertise at International Rectifier
Corporation, Fortune Fashions Incorporated, and L. A. Gear, Incorporated. Marcario replaces James McCormick, who is
resigning from his position as COO and CFO to pursue other professional interests yeah right, effective October 22, 1999.
``Rose is a strong addition to an already dynamic senior management team and has the experience and know-how to drive the
company's commitment to financial management,' said Steve Markman, president and CEO of General Magic. ``She brings
excellent financial management capabilities and her experience with consumer-driven corporations will advance our efforts in
the voice-enabled services and technology market space.'
Markman added, ``Over the past two years, James McCormick has been instrumental in building the foundation for General
Magic. We have all benefited greatly from his personal leadership and appreciate his enthusiasm and energetic dedication to the
company. We wish him the very best.'
Marcario was vice president of Global Financial Services for International Rectifier Corporation, where she was responsible for
all functional areas of financial services including treasury, financial analysis, strategic planning and banking. Previously, she
served as corporate controller of Fortune Fashions, Incorporated, where she managed the acquisitions of Big Dog Sportswear
and financed the opening of 15 new outlet stores. Prior to Fortune Fashions, she served as director of corporate finance for
L.A. Gear, Incorporated, where she was responsible for developing internal controls and procedures for all functional areas of
general, cost and corporate accounting.
In addition, Marcario has extensive experience in setting up joint ventures, mergers and acquisitions as well as external
financing. Marcario is a certified public accountant in the state of New York, formerly with Arthur Andersen & Co., and holds
an MBA in International Finance from the University of California, Los Angeles.
About General Magic
General Magic offers voice-enabled services and technology that make communication and access to information easy and
convenient. The company's innovative, patent-pending magicTalk voice interface lets people interact with information using
their own words, as if they were talking to another person. For more information about General Magic, visit the company's
Web site at generalmagic.com. Investors with questions may call Shareholder Communications at 877/245-6973.
General Magic notes that this press release contains forward-looking statements. There are risks and uncertainties that may
cause actual results to vary materially. These risks and uncertainties include, but are not limited to, the adequacy of the
company's financial resources to execute its business plan; the company's ability to attract advertisers and sponsors and its
ability to generate revenues from advertising sales; the company's ability to attract, retain and motivate key technical, marketing
and management personnel; the capability of the Network Operations Center to handle increases in demand; market acceptance
of the company's services and technologies; the challenges inherent in the development and delivery of complex technologies;
the ability of the company's third-party technology partners to timely develop, license or support technology necessary for the
company's services; and the company's ability to respond to competitive developments. These and other risk factors are detailed
in General Magic's Registration Statement on Form S-3, filed on August 18, 1999.
General Magic, magicTalk and myTalk are trademarks of General Magic, Inc., which may be registered in some jurisdictions.
Contact:
General Magic, Inc.
Laura Crowley, 408/774-4457
or
The Financial Relations Board, Inc.
Christina Carrabino, 415/986-1591 (General) |
