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


To: equityanalyst who wrote (7665)1/11/2000 11:25:00 AM
From: Straight Up  Read Replies (2) | Respond to of 10081
 
Hi equity

I think we should bombard investor relations today!! We are paying for this service so lets use it!! 877-245-6973. I called and left a dozen questions on the machine and am waiting for a response back. I urge the rest of the members of this thread to do the same.

Funny, we all sit and ponder amongst ourselves -- lets start asking the tough questions to investor relations and demand answers!! I am getting tired of this wait and guess game. This is the most secretive company I am invested in.

Anyway, FWIW I found this article interesting.

Motorola and IBM Link to Develop Advanced Auto Technologies

Research Director: Dave Sterman (01/11/00)

Motorola (NYSE:MOT - news) and IBM (NYSE:IBM - news) , a pair of tech titans known for their massive R&D efforts are joining forces to capture what is expected to be a large and lucrative market in the field of car-based Internet communications. News of the deal partially accounts for the $11 rebound in Motorola shares in Monday trading.

Within a few years, major auto makers hope to provide internet and e-mail access, emergency roadside assistance, and better in-vehicle navigation systems to consumers. Though many of these technologies will first appear as options in luxury automobiles, they will be sold in all types and barnds of vehicles. Indeed major truck manufacturers are already rolling out many of these services.

Motorola?s know how in the field of wireless communications makes it a natural partner for IBM. IBM, for its part, hopes to generate revenue from the operation of service centers.

Major U.S., European, and Japanese firms are working on rushing similar systems to market. Cracking the U.S. market may prove difficult as GM?s (NYSE:GM - news) former subsidiary, Delphi Automotive Systems (NYSE:DPH - news) , and Ford?s (NYSE:F - news) Visteon subsidiary, are working on the development systems. Just last week, Delphi inked $2.5 billion in deals with GM and others to develop Internet-based products for cars.

Shares of Motorola also received a boost from the just announced merger between America Online (NYSE:AOL - news) and Time Warner (NYSE:TWX - news) . Time Warner already is a major customer of Motorola?s General Instrument subsidiary. GI?s set-top boxes handle a wide-range of Internet-enabled programming, and could play a key role in the ongoing roll-out of AOL through cable systems.

With a host of strong drivers, we expect Motorola?s shares to continue to appreciate throughout the year.

Updated on January 11, 2000 with MOT at $140

Recommended on December 11, 1999 at $131.00