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Technology Stocks : General Magic -- Ignore unavailable to you. Want to Upgrade?

To: Mark Oliver who wrote (6502)	6/21/1999 11:27:00 AM
From: cdtejuan	Read Replies (1) \| Respond to of 10081

FYI: A message from General Magic's CEO, Steve Markman. June 21, 1999 Today, General Magic announced a partnership with Excite@Home that presents a huge opportunity for us in the Internet space. More details are available in two press releases posted on our Web site. Our relationship with Excite@Home includes three key elements: a $6 million investment in General Magic by Excite@Home, which gives us additional flexibility in pursuing our Internet initiatives; an agreement to share net revenues generated from audio and banner advertising on Excite@Home?s new Excite Voicemail Web service. Excite and General Magic plan to use advertising properties throughout Excite?s extensive Web site to advertise the new service. a technology component, whereby our unique magicTalk voice user interface and the Network Operations Center will be used in the Excite Voicemail service. Excite Voicemail is a free, advertising-supported service that allows Excite users to receive voicemail and faxes in their Excite e-mail accounts. When they sign up on the voicemail.excite.com Web site, users get a toll-free number and select a 10-digit personal extension. The user can give the toll-free number and extension to anyone with whom they wish to communicate. That person can leave a private voicemail message or send a fax using the toll-free number. The service gives Excite?s e-mail account users a very convenient way to receive all their messages in one place while keeping in touch with family, friends and colleagues. Our magicTalk interface will make it easy for callers to access the service and enjoy a pleasant, conversational experience. With this launch, Excite@Home has clearly raised the bar in the Web portal world by being the first to deploy voice-based technology. Over time, we anticipate that millions of Excite e-mail users will establish accounts on the new service. Excite@Home?s decision to adopt our voice-enabled services is further evidence of the rapid development of this market, and recognition of our leadership position. Although we expect to see competitors with seemingly similar unified messaging services, we believe our approach is unparalleled in a free Internet service. Our magicTalk voice user interface sets the standard for quality, performance and what I?ll just call the "Wow!" factor. The appeal of our technology to users from all walks of life, and the commitment of our people to Excite?s vision, were prime reasons Excite chose to partner with us. Excite was also favorably influenced by the approach of using toll-free numbers because it provides an excellent telephony experience and nationwide access. As more consumers become comfortable and familiar with this technology, we believe more of them will want to take advantage of additional value offered through fee-based voice-enabled services in the future. We are building up considerable momentum, and I look forward to a bright future. Steve Markman Chairman, Chief Executive Officer and President