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To: dgurgel who wrote (9883)	12/26/2001 4:31:37 PM
From: Seconds Out	Respond to of 10081

Dave, here is a slightly more optimistic scenario, based on the fact that I have yet to see a Virtual Advisor ad and anticipate seeing them next year. 2,000,000 subscribers to Onstar...assume NO growth 2% decide to use VA 10 minutes/day traffic,news,stocks 3% decide to use VA 5 minutes/day traffic,sports 5% decide to use VA 2 minutes/day traffic only 90% decide never to use VA at all Now lets assume a 20 day work month and no other useage 40,000 users X 10 mins X 20 days = 8,000,000 minutes 60,000 users X 5 mins X 20 days = 6,000,000 minutes 100,000 users X 2 mins X 20 days = 4,000,000 minutes That is 14,000,000 minutes in excess of the 4,000,000 minutes for which GMGC gets $95,000 each month. 14,000,000 mins X $.037 (avg of $.056 and $.018)= $518,000 each month. It could add up to over $6,000,000 if GM begins to ramp up early next year. Or even if it takes a few months, if subscriber growth continues beyond the current 2,000,000. Of course, a higher or lower adoption rate for VA could occur. Does this seem realistic? Seconds Out.

To: dgurgel who wrote (9883)	12/28/2001 11:30:58 AM
From: James Strauss	Read Replies (1) \| Respond to of 10081

Re: $1 per month to GMGC for first 2 million Onstar subscribers? Your analysis is well thought out... I think that the huge incentives that have been offered and will continue to be offered to buy OnStar equipped cars, (GM and others), should put Virtual Advisor in more than 2 million cars in 2002... We could perhaps see a greater number than $95,000 per month in addition to the 5.6 million per year and 1.5 million for special projects... Also, the New Mexico utility contract has not yet been defined in terms of revenue contribution... They have 1.3 million customers, some of which may like what they hear and become GMGC clients for their own business... Right now many investors are in a "show me" mode... The next few Qtrs financial reports should speak for themselves... Jim