Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Kurthend who wrote (9303)	1/18/2001 1:12:51 AM
From: John Madarasz	Respond to of 10081

What does GM and NUAN have to gain to put that one liner in the PR? Interestingly enough it's really only been about 4 months since GMGC was selected to join Nuance's Voice Web ASP program, so this is a significant development for Nuance, GMGC and GM. genmagic.com Maybe Nuance wanted GMGC to get to GM? Or maybe like you say GMGC did indeed have some say in the deal. Maybe both. Especially with L&H effectively out of the race, the key players are really beginning to be defined here... and I think Onstar is beginning to be realized by these players as probably the most viable high exposure revenue generating VUI model out there for now. Take a look at Nuance's Sales and Marketing expenses from their last 10Q...(up 108% for 9 months), branding isn't cheap... and Onstar obviously has deep pockets when it comes to marketing. For all their partnerships and licensing and service revenue, NUAN still seems to be growing costs as fast, if not faster, than income. GMGC actually has a MUCH better projected EPS going forward than NUAN too. What does GM have to gain? From the SC 13D filed 12/20/99 General Motors owns 1500 shares of Series G Preferred convertible stock which translates to 8,907,363 shares of Common Stock. In addition, there is a Warrant that is exercisable for 500 shares of Series G Preferred, which are convertible into 2,969,121 shares of Common Stock.... On a fully converted basis, as of the date of this Statement, GM may be deemed to beneficially own an aggregate of 11,876,484 shares of Common Stock, which represents approximately 22.1% of the Issuer's outstanding Common Stock. While this is a drop in the bucket for GM, I'd still say they have something substantial to gain by bringing GMGC out front more since "the conversion price of the Series G Preferred Stock is $1.684 per share, which was consistent with the price of General Magic's common stock at the time OnStar and General Magic entered into a letter of intent." Kurt, I can appreciate your frustration and pain, but I've always felt GMGC has known exactly what's been going on. I'd like to think the plan is beginning to come together here. Maybe they are finally being rewarded for "executing" with these latest mentions. Here's the latest PR from Nuance FWIW... worded a little better anyway<gg> biz.yahoo.com Regards, John M

To: Kurthend who wrote (9303)	1/18/2001 1:16:39 AM
From: Kurt Goebel	Read Replies (1) \| Respond to of 10081

I too was confused after the 12:03 am Reuters press. It was not well written and put GMGC's involvement is a stange light. This was the release posted here. The Onstar PR Newswire @ 6 am was much better and made it clear that Onstar was licensing Nuance's speech engine already integrated into Virtual Advisor. The comment about General Magic was much more clear and did not seem out of place: biz.yahoo.com General Magic (Nasdaq: GMGC - news) -- a member of Nuance's Voice Web ASP Program -- is developing and hosting the services for the new voice-driven OnStar Virtual Advisor. Seems logical that Onstar would want to license the speech engine in the Virtual Advisor service it will be selling.