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Technology Stocks : General Magic
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To: Mark Oliver who wrote (5726)3/31/1999 5:53:00 PM
From: Robert V. Cavaleri  Read Replies (3) of 10081
 
Well here it is folks FINANCING.

I am impressed with this statement:

''This cash infusion furthers our ability to grow our business of providing voice-enabled services for
telecommunications carriers and Internet companies,'' commented Steve Markman, General Magic's chairman,
chief executive officer and president. ''The added financing will help us build the market for voice-enabled
services, which analysts predict will reach $2 billion to $3 billion by 2001 in the U.S.'

Clearly it seems that they are adding the extra NOC because they beleive that they are going to secure portico or portico-like deals with major
telecommunications carriers. They are gonna try to slice as big a piece of that multi-billion dollar pie as they possibly can.

GO GMGC!!!

Let's hope tomorrow gets us up back to better figures
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