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

To: John Madarasz who wrote (7881)	2/2/2000 6:02:00 PM
From: dgurgel	Read Replies (1) \| Respond to of 10081

Dark predictions from me? (LOL) I was right there this AM leading the parade. (Your technical explanation of today's PM slide sounds reasonable to me.) I would not expect any more hard news tomorrow or Friday, but we may get some analyst comments. Well this ship won't sink now that its got Excite, GM, myTalk, and Portico. Now only if a person like AOL's Robert Pittman to take this thing to market. Dr. Markman did a great technical job taking over in 1997 as General Magic's Magic Cap OS was failing and turning the company to voice technology. That was a huge change for the company. (I knew four senior GMGC engineers in 1995 on the Magic Cap project. All are gone.) I won't rest completely until I see a major new hire. Don't forget, we lost four VPs during the past six months, and we have seen no announcement of a VIP new hire since Rose Marcario in November. GMGC was fighting for survival this past summer. General Markman has gotten them through it, but all of the brigadiers except one perished. The ability to attract top talent is an indispensable element for healthy growth.

To: John Madarasz who wrote (7881)	2/2/2000 6:15:00 PM
From: equityanalyst	Read Replies (1) \| Respond to of 10081

Hi, John - Just wanted to amend my post #7877 regarding expectations for 4Q revenues/earnings. Having just read today's SEC filing, as you may have done also, GMGC is going to use percentage-of-completion accounting treatment for the $5 million GM payment. So instead of booking it all in 4Q 1999, they're going report only $300,000 and spread the rest (estimated at about $6 million) over the next six months. But that's fine, because instead of a big one-time lump sum, it gives us a nice smooth revenue stream in this year's first half, with GM and other revenues/royalties presumably kicking in and contributing to results in the second half and beyond. Perhaps we'll get some clarification on some of these issues on the conf. call. ea