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Technology Stocks : General Magic

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To: Austin S. who wrote (7203)11/10/1999 9:08:00 AM
From: Straight Up  Read Replies (2) of 10081
 
Someone talk to me please!!!! lol And share in my excitement.

An Agreement with ONSTAR - 15 million from General Motors and "significant revenue"!!! Yippie

Separately today, the Company announced a definitive agreement with OnStar, a division of General Motors Corporation. OnStar has agreed to make a $15 million equity investment in General Magic, pay a $5 million technology and licensing fee and use a customized version of General Magic's magictalk(TM) voice-user interface for deployment in select General Motors cars and trucks. The agreement is subject to routine regulatory review

Straight Up
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