To: Rick Rappaport who wrote (3962 ) 10/27/1998 12:00:00 PM From: PK Respond to of 10081
Wendys Response to my following questions I have following Questions as an investor in GMGC 1> Is GMGC a Partner in V-Commerce Alliance? If not Why Not? We have Agent technology and we are using Nuance For a product that is Commercially available… 2> What is the Future of Portico? Will Portico support V-Commerce? If so When? 3> What is the Update on Telcos? Why do we not hear about Progress/Feedback from Telcos? 4> General magic attended so many shows in recent days but not a single press release from GM regarding Updates Why? Can you Update me with News/Feedback from Shows?? 5> Have the total number of resellers increased from the List Originally Supplied with the news release? If so, why No Press Releases???? Here's a quote from CEO Markman “General Magic envisions a world in which people on the move are never out of touch with the information they need to be successful. “ I Hope, You Understand my concerns and Reply at your earliest.. Thanks Her Response.......................................... Dear Investor: Thank you for your recent message. General Magic is a member of the new "V-Commerce Alliance", and we will continue to work on various strategic partnerships to further the magicTalk platform and the Company. The exact terms and goals of the V-Commerce Alliance have not been finalized, but we will publicize our involvement with this alliance when we have a specific strategy. We currently have 11 telecommunication carriers in trials of the Portico service. We remain on target to make an announcement regarding the carrier(s) late in 1998/early in 1999. We have attended several trade shows over the past month, and have a few more in coming weeks. The response at these shows has been positive, and we have been featured on several news shows in conjunction with our participation in the shows. We have increased the number of resellers since the initial announcement in July. Currently Portico is being sold at approximately 300 locations across the country. We know our investors are anxious for news about how the Portico service is doing, and our November 11th announcement of the 3rd quarter results should update you on several of the items you mentioned. Until then, I hope this message helps to fill you in. Thanks again for your investment in General Magic. Very truly yours, Wendy Carhart Manager, Investor Relations General Magic, Inc. 420 N. Mary Avenue Sunnyvale, CA 94086 408/774-4457 408/774-4020 fax wendy_carhart@generalmagic.com