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Technology Stocks : General Magic

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To: John Madarasz who wrote (9216)	11/28/2000 5:12:32 PM
From: Seconds Out	Read Replies (1) of 10081

New SEC filing. Looks like GMGC has a deal from LT to have an Institutional Investor buy over a million shares. I wonder who it is? Some key parts are pasted below, from pages S-15 through S-16 of the filing. <<Pursuant to this arrangement, Ladenburg Thalmann has identified one institutional investor that will be included in this offering.>> <<Assumed public offering price per share................................ $3.23>> <<After giving effect to the sale of 1,020,926 shares of common stock in this offering at an assumed offering price of $3.23 per share and the application of the estimated net proceeds therefrom (after deducting estimated offering expenses) the pro forma net tangible book value of General Magic as of October 31, 2000 would have been $25,149,997 million or 40 cents per share,>> Seconds Out.

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