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

To: Rick Rappaport who wrote (2913)	7/23/1998 6:15:00 PM
From: Michael Real	Read Replies (1) \| Respond to of 10081

I posted this on the Yahoo board but there was no one over the age of 16 to intelligently reply: The Company filed an S-3 (SEC Registration) this afternoon, which converts all or a portion of the Company's cummulative preferred stock to common equity at 11 7/8 per share. The filing also reflects the exercise of a small amount (255,000 shares) of warrants. The mandatory conversion date on the preferred stock is not until 2001. I view this as a BIG positive given the impending July 30 announcement. Any thoughts? Anyone?