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: cool who wrote (2964)	7/28/1998 7:24:00 PM
From: Bruce Supranowicz	Respond to of 10081

I received a response from GM today, following an e-mail as to where I can find a local reseller for Portico. Here is the response: ------------------------------------------------------------------- Bruce, Thank you for your interest in General Magic and Portico. We are very excited about the release of the Portico service, available through cellular resellers across the nation July 30. We currently do not have any resellers in Florida, but we do have two resellers in Georgia. The information on those is as follows: Preferred Communications 1995 Windy Hill Road Ste 6 Smyrna, GA 30080 (770)803-0747 (770)803-9309 FAX Southeast Two-Way 4098 La Vista Rd. Tucker, GA 30084 (404)298-0426 We are rapidly expanding into all states, with our service becoming available everywhere quite soon. If you have any other questions, feel free to contact me at (408) 774-4335. Thanks again. Sincerely, Christian Scott General Magic ----------------------------------------------------------------- Note that GM indicates that they're continuing to expand into new territories. Thus, I expect the number of resellers to continue to increase. The fact that the price of the stock hasn't spurted is not a bad thing, IMHO. The traders anticipating a big runup will get out (this may have happened to some extent today) and the long-term investors will gradually start getting in, starting with Portico's release. As revenues ramp up, the downside becomes more limited and the potential upside increases.