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Technology Stocks : General Magic

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To: Straight Up who wrote (5903)	4/22/1999 8:17:00 AM
From: Straight Up	Read Replies (1) of 10081

McCormick reviews the financing deal - here is the link genmagic.com I like these quotes: "We are working with a number of partners to conduct Portico product evaluations and trials, and anticipate that some of these partnerships will result in full-fledged commercial rollouts. " "We anticipate having sufficient capital to support our ongoing efforts for the second half of the year, when we expect to generate significant revenues." SIGNIFICANT REVENUES!!! I almost missed this one!!!! "Our investors in this arrangement are not new to us -- this is the third time they have responded to our request for additional capital. We are pleased at their show of confidence in our long-range strategies and prospects. " This is the third time they have responded - could it be Microsoft again? Does anyone have any ideas? Straight Up

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