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

To: John Madarasz who wrote (9796)	10/7/2001 2:15:56 PM
From: dgurgel	Read Replies (1) \| Respond to of 10081

I am not quite as pessimistic as you. With $8 million in 2002 revenues from Onstar all but guaranteed, a nice small company of say 30 people could be sustained while looking for a VUI niche. At the moment that is definitely not the plan. Kathy Layton told us at her presentation on Sep 11 that developing the software suite is the game plan. The small Onstar-centered company would probably have trouble maintaining the current market cap. The 8K is a bit misleading. It mentioned that the D and F conversion prices were last set at $0.81 and $1.09. However, they are not converting at those old prices. See the table at the end of the filing for the key numbers in my table below. D F Preferred Cost Shares $/Share Eff $/Share Fisher 63 90 $1,530,000.00 1,898,061.00 $0.81 Wingate 42 60 $1,020,000.00 1,265,375.00 $0.81 Total 105 150 $2,550,000.00 3,163,436.00 $0.81 $0.68 Take care.