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

To: Alan Edgett who wrote (4028)	11/4/1998 5:32:00 PM
From: Seconds Out	Read Replies (1) \| Respond to of 10081

We will see a balance sheet next week, but my assumption is that they have enough money to last through this time next year. They stated at the shareholders meeting in June that the financing would provide them with enough cash to get them through 1999. This number makes sense if you divide the $35 million financing by a $9 million cash burn rate and add the cash on hand as of June. Of course, Carriers signing on would make this discussion meaningless as long as the subscriptions to the service follow as anticipated. Hopefully this somewhat answers your question. You can always check out the balance sheet from last quarter and plug in your assumptions if more specifics are needed. Seconds Out.