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

To: Challo Jeregy who wrote (7968)	2/10/2000 8:56:00 AM
From: Straight Up	Read Replies (1) \| Respond to of 10081

Wednesday February 9, 6:04 pm Eastern Time Company Press Release General Magic Responds to Stock Offer SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 9, 2000--General Magic(TM) (Nasdaq:GMGC - news) 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. The Company has had no previous or current relationship with Growth Capital Partners and was never formally notified by Growth Capital Partners of the mini tender offer. General Magic expresses no opinion as to the offer and is remaining neutral. The Company encourages shareholders to review the conditions of the offer carefully. Shareholders with questions should contact their investment advisors or Growth Capital Partners directly for additional information regarding the terms of this offer. About General Magic General Magic developed myTalk to make communication and access to information easy and convenient. The company's innovative, patent-pending magicTalk(TM) voice interface lets people interact with information using their own words, as if they were talking to another person. For more information about General Magic, visit www.generalmagic.com. Investors with questions may call Shareholder Communications at 877/245-6973. General Magic notes that this press release contains forward-looking statements. There are risks and uncertainties that may cause actual results to vary materially. These risks and uncertainties include, but are not limited to, the adequacy of the Company's financial resources to execute its business plan; the Company's ability to attract, retain and motivate key technical, marketing and management personnel; continued market acceptance of the myTalk service; persistent increases in the rate of new member growth; the capability of the Network Operations Center to handle increases in demand; increased competition in the market for voice-enabled services; introduction of competing products with technological and/or other advantages; and the challenges inherent in the development and delivery of complex technologies. These and other risk factors are detailed in General Magic's Registration Statement on Form S-3, filed on Dec. 17, 1999. Note to Editors: General Magic, magicTalk and myTalk are trademarks of General Magic, Inc., which may be registered in some jurisdictions. Other trademarks are owned by their respective companies. -------------------------------------------------------------------------------- Contact