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Technology Stocks : General Magic

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To: John Madarasz who wrote (6268)6/5/1999 3:49:00 AM
From: pubcrawl  Read Replies (1) of 10081
 
Hi folks,
I'm new to the Board. Though I've been following the discussions for a while and appreciate the informed opinions of the participants.

Here's an article from the WSJ of June 3, which perhaps shows the future of information delivery via phones. Simple information delivery via voice to me is a very natural progression which I think there's a huge consumer need for. For example, I'd like to get closing stock prices delivered to me in the morning when I'm commuting to work (I live in the FarEast and the US markets close at about 4am my time). And if the information provider adds to that simple transaction technology which allows me to act on that information (eg., a buy/sell decision) via voice, I'd gladly pay a premium for that service.

Having been a long time investor in GMGC, I have faith in their technology. I do however feel that the market needs simple products like what I described above (or GMGC's ebay demo for example) at this stage rather than a complex product like Portico which I personally do not see a huge market for. I continue to hold on to GMGC because I think we'll see this coming (how else will they utilise the 500,000 NOC, certainly not with Portico). The only concern I have is when I see announcements like the attached Yahoo announcement without GMGC. I think GMGC should be driving such applications.

Any thoughts/comments?

Sprint and Yahoo! Plan to Offer
Web Content Via Cellular Phones
By a WALL STREET JOURNAL Staff Reporter

NEW YORK -- Sprint Corp.'s wireless-phone unit will form a partnership with Yahoo! Inc. to deliver Web content to its cellular-phone customers.

Yahoo! Looks to Broaden Its Base With Deals

Company Profile: Yahoo!

Sprint's cell-phone users will be able to create a customized data service from Yahoo's Web site, choosing features such as stock quotes, news and weather, that will be forwarded to their phones. Users also will be able to create and reply to e-mail from their phones. The companies expect to make the services available in the fourth quarter. Pricing for the service hasn't yet been determined.

"What this says loud and clear to customers is that wireless is an access point for the Internet," said Andrew Sukawaty, chief executive of Sprint's highflying wireless division. Sprint has more than three million wireless subscribers.
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