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

To: dgurgel who wrote (7964)	2/9/2000 7:30:00 PM
From: dgurgel	Respond to of 10081

News Release By GMGC SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 9, 2000--General Magic(TM) (Nasdaq: GMGC) today announced that it has become aware of an unsolicited tender offer by Growth Capital Partners to purchase up to 2 million shares of common stock from shareholders of General Magic, Inc., at $9.00 per share. See the full press release on your financial news service.

To: dgurgel who wrote (7964)	2/9/2000 9:49:00 PM
From: Seconds Out	Respond to of 10081

Dave, it really has been an enjoyable start to the week. Looks like we will probably consolidate a bit at this point, based on recent past history. I am not a chart guy, though, so who knows. I am surprised that GMGC is now responding to the tender offer. I cannot imagine that they hadn't gotten calls about it prior to this week. I wonder if the company didn't want it to seem like hype by making an announcement about it when the stock price was below the tender offer price. It will be interesting to see the reaction tomorrow from a public that is hearing about a $9 offer on a $10.50 stock, whereas the reality is it was offered when the stock was $7. Seconds Out.