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

To: up_tick who wrote (3112)	8/1/1998 11:31:00 AM
From: Jim123	Read Replies (1) \| Respond to of 10081

Excellent post. Everybody seemed to miss the S-3 Registration last week for 5.5 million shares. My guess is that these "big money players" dumped about 2 million of those 5.5 million shares yesterday and the rest was panic. What will they do with the rest? Do they believe in the business model at $8 per share? They did not at $11. Monday and Tuesday will be interesting. The issue remains is unified messaging a good idea? Yes. Can GMGC execute? Wait and see.

To: up_tick who wrote (3112)	8/1/1998 5:05:00 PM
From: Kurt Goebel	Read Replies (1) \| Respond to of 10081

Up Tick, You posted: > This company has all the hallmarks of well intentioned > novices at the helm. Hmmm, novices. I get the feeling you would try to peddle "the sun will not come up tomorrow" if you thought there was a buck in it? From General Magic web page and official press releases: Carl F. Pascarella, president and CEO of Visa USA ROEL PIEPER has served as a director of the Company since March 1996. Dr. Pieper has been appointed Executive Vice President of Technology, Strategy and Planning for Philips Electronics N.V., effective May 1998. From September 1997 to January 1998, he served as Senior Vice President and General Manager of the Worldwide Sales, Marketing, Service and Support Group for Compaq Computer Corporation. Dr. Pieper was Chief Executive Officer of Tandem Computers Incorporated ("Tandem") from January 1996 to August 1997. From 1993 until he joined Tandem in 1996, Dr. Pieper served as President and Chief Executive Officer of Tandem's wholly-owned subsidiary, UB Networks. Before joining UB Networks, Dr. Pieper was President and Chief Executive Officer at AT&T's UNIX Systems Laboratories from January 1991 to August 1993. Philip D. Knell, president and general manager of networkMCI Conferencing, to its board of directors. "Phil is an ideal choice to round out our board," said Steve Markman, chairman, president and CEO at General Magic. "With his leadership track record in marketing both telecommunications and consumer products, he will prove invaluable in helping us achieve our goal of leading the integrated voice and data category." As President and General Manager of networkMCI Conferencing, Knell oversees the business unit and is responsible for marketing and delivering the company's state-of-the-art conferencing services. Under his leadership, networkMCI Conferencing has experienced rapid growth in this dynamic market. Previously, Knell was one of the youngest marketing and sales vice presidents for PepsiCo's Wilson Sporting Goods division. He has also held marketing and sales positions with ARA Services and Procter & Gamble. "The collective experience of Mike, Denny and Sue in the telecommunications industry will give us a level of expertise that will help us move decisively forward with our strategic plan." Before heading Triton Communications, Kalogris, 48, was president and chief executive officer of Horizon Cellular Group, growing it to the fifth largest independent non-wireline carrier in the U.S. Prior to that, he served as president and CEO of Metrophone, the non-wireline carrier in Philadelphia. Kalogris began his career at IBM, where he received the prestigious IBM President's Award. "Mike brings expertise not only in telecommunications, but also in growing small companies into large companies. His knowledge of capital formation and financial leverage strategies will help us make solid economic decisions as we move forward," said Markman. Strigl, 51, has held senior management positions in the telecommunications industry for more than twenty-five years, and is considered one of the principal architects of the cellular industry. His experience includes launching the nation's first cellular telephone network and managing two of the largest cellular mergers in the industry's history. In addition, he served as chairman of the Cellular Telephone Industry Association's (CTIA) Board of Directors and is a recognized authority and spokesman on topics such as Personal Communications Services (PCS), mobile technology, and the information superhighway. "Denny's knowledge of the cellular industry and his status as one of its more prominent leaders will provide immeasurable help to us as we seek strategic partners for our Serengeti service," said Markman. "He also brings to the company a set of extremely strong financial management skills that will be instrumental in our efforts to maintain effective control of cash consumption, while continuing to invest in important R&D activities." As president and chief executive officer of Cellular One, Swenson, 49, is responsible for cellular systems that serve approximately 9.2 million people in the San Francisco, Kansas City and Dallas/Ft. Worth areas. Previously, she served as vice president and general manager of Pacific Bell's Bay Area regional business unit, and was president and chief operating officer of PacTel Cellular. Her 15-year career in telecommunications began with a variety of marketing and operations positions with Pacific Bell. "Sue has a clear understanding of the cellular industry, and is known as a strong leader and decisive manager. She will bring an excellent appreciation of business operations to our company," added Markman. "She is also well respected as an expert on leadership in business organizations, and has been featured in seminars on the subject, such as Stanford University's 'Leadership Challenges for the 90's.'" genmagic.com

To: up_tick who wrote (3112)	8/1/1998 6:21:00 PM
From: Kurt Goebel	Read Replies (2) \| Respond to of 10081

Up_tick, You say "First you get the hype?". They are not hyping anymore than any other company that is doing business for a profit and perhaps less than many. Strange to fault them for this. They have been careful to not speculate much. Sure they want their work and product to look and sound good. Wouldn't a shareholder want this? I think you are confusing things here. They have been announcing their progress to generate interest for Portico with carrier, resellers and potential partners. Why does a company have a marketing department? You are labeling marketing as hype, that is a fairly cynical take. You also say, "but when you look at the business case in detail, you find a lot of risk". Service is big business. Many service idustries are among the most successful businesses on the earth, e.g, phone, internet service providers, outsourcing, financial services. What General Magic is doing is a bit of each of these. There is big money in integrating these sevices for business users. General Magic is guided by Markman's and the rest of his management team's experience in telecom and product development and by the strong experience of the board at running successful and similar service businesses.