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

To: Fredman who wrote (5205)	2/17/1999 1:35:00 AM
From: Robert V. Cavaleri	Respond to of 10081

An enlightening post from the yahoo thread which I wanted to share here: For True Longs...Others can pass this by... by: Mitch713 89972 of 89981 Folks, I'm not going to stay on the board much tonight but wanted to pass this along. I always share any and all information that is constructive and helpful: Subject: RE:GMGC Series CShares. Date: 16 Feb 99 10:03:14 -0800 From: Wendy Carhart <wendy_carhart@genmagic.com> To: Mitchell Liebowtiz Dear Mitchell: Thanks for your recent email message. We report the number of Series C shares which have been converted in the quarterly and annual reports filed with the SEC (10-Q and 10-K). Our next filing is required by March 31st. The Series C holders have until June 25, 2001 to convert these shares (subject to certain adjustments as explained in the 8-K filed 6/29/98 with the SEC). As reported in our last 10-Q filing, 1,451 shares had been converted. In terms of increasing stockholder value, we continue to believe that execution of our strategic plan will provide increased value for stockholders. To that end, we are continuing to work with 11 telecommunications carriers to offer a virtual assistant product to their customers. We are also moving to add Internet partners (like Intuit) using our magicTalk voice user interface. Our efforts to sell Portico through resellers continues, and we have added Web-based sign-up as well. 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