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Technology Stocks : General Magic

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To: Mark Oliver who wrote (7626)1/9/2000 9:26:00 PM
From: Kurthend  Read Replies (1) of 10081
 
Mark,

Interesting. Especially the first sentence concerning internet access. I'll let others connect the dots as I am out of lines/SWAGS:)

Take care,
Kurt

yahoo.cnet.com

TOKYO--General Motors, the world's largest automaker, will work with electronics and entertainment giant Sony to develop "e- vehicles" with Internet access, the two companies said.

GM will use Sony's "memory stick," an integrated circuit
storage device featuring flash memory technology to develop such vehicles, the companies said in a statement. Tokyo-based Sony first introduced the memory stick in 1998.

The device, shaped like a stick of chewing gum, is able to
store various amounts of data, ranging from four to 64
megabytes. It has already been incorporated into Sony's
digital video cameras, Walkman, the Vaio notebook and
desktop computers and other products.

Sony and GM envision the memory stick being used to exchange data among communications products in the home, office and car. Drivers will be able to use the memory stick to store music or videos for later playback in their vehicles. As well, GM's "e-vehicles' will have the capability of accessing the Internet.

"Our working agreement with Sony is the next evolution in our e-vehicle initiative,' said Mark Hogan, president of e-GM, a new business group launched by GM in August. "We are looking
forward to working with Sony to further these applications for the home, office and vehicle.'

For Sony, maker of the Vaio PC notebook and Wega flat-screen television, the agreement is a further boost to its vision of future networks of electronics appliances linking up with the
Internet.
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