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

To: Mark Oliver who wrote (6801)	7/30/1999 11:18:00 PM
From: biffpincus	Read Replies (2) \| Respond to of 10081

Report of GMGC IR conversation from YHOO board ... General Magic (GMGC) Message List By: mricehole Reply To: 1557 by bmwdave Friday, 30 Jul 1999 at 4:12 PM EDT Post # of 1558 This a reply from IR to some questions from a poster on the Yahoo General Magic Investor Club Board: I do not claim to know the particulars of some of this info. Tried to ask as many questions as possible in the few minutes I had with her. Talked to Laura at ir at gmgc. She was polite, courteous, and in my opinion helpful. fwiw. Q. In the future, can you allow retail investors access to the q and a section of the cc, or set up a private cc with them? Or maybe even a chat session on the internet? A. No. The cc is for analyst. The retail investor is privileged to listen, but will not be able to contribute. Will not respond in any chat form session, and can not set up cc for private investors due to disclosure agreements. Q. How long will the new 20 million in financing last and how does it work? A. BEFORE the 20 million in financing and excite investment, we have enough cash to last thru the 1st quarter of year 2000. That is given the current revenue and expenses. The 20 million can be accessed in 4 installments and will be based on an average 5 day market cost. Q. There was no mention of kenya in the cc, is it another project like auto pc, or the magic phone in which revenue never comes to fruition? A. Look for 2nd half of this year for usage of the kenya product. (Mentioned patents and the e bay example of how kenya can be applied.) Q. The last time I talked to you, I was told that Intuit would go live by late summer. Is this deadline still attainable? A. Yes. We expect Intuit to be up late in the 3rd quarter, so I would still call that late summer. Q. Given Microsofts relationship with gm, why did excite beat ms to market with vui? A. Excite is very aggressive, and she did not have any information about Microsoft's current relationship. Q. Have the preferred's from the last convertable deal converted? A. No. Q. Who is the private investor and will we know a name? Is it a recognizable name such as Gates? A. The name will probably be on an S3, does not know if it is recognizable and it is not Mr. Gates. Q. Are you still expecting significant revenues in the 2nd half of this year? A. Yes. Markman stated that in the cc. Q. Why are you backing away from wirelessknowledge? A. We are re-evaluating (sp) all deals as to pick the ones that are able to generate revenue and increase near term revenue. The telecoms are moving too slow and we are now focused on internet possibilities. Q. Becuase of the nasdaq requirements, can we be guaranteed of no more convertable deals? A. Can not guarantee, but looking for leveraged strategic partnerships and we are very aware of the dilution issue. She mentioned that going forward they would take a pro-active mode concerning their shareholder base. fwiw. GMGC Update Last 3 Chg. - 1/32 % -1.03% Time 15:59 Detailed \| Real-Time Nasdaq delayed 15 minutes, 20 min. otherwise.