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

To: terrapin who wrote (5283)	2/21/1999 11:07:00 PM
From: Robert V. Cavaleri	Read Replies (1) \| Respond to of 10081

More great cut & paste info from YAHOO: I believe this portion is a tout sent in by an investor. SmallCap Investor News accepts these, reviews them, and if they see them as reasonable, they print them in their investor news sites. Here is the GMGC-related post, delivered late last night: (The fellow did a pretty nice job with it...I'm particularly happy with his mention of MSFT's 11% stake in GMGGC, because the readers of these publications are often very interested in investments which contain a boon of the big "M".) Date: February 20, 1999 General Magic: Nasdaq (GMGC) Recent Price $4 1/2 Market Cap: $136 Million General Magic (GMGC) is a small company in California that has a patented, proprietary text-to-speech technology called MagicTalk (tm). General Magic is rolling out a Service called Portico based on the MagicTalk voice user interface (VUI) platform. Portico will read your E-mail to you, respond to your E-Mail, check your address book,schedule and remind you of appointments, retrieve new stories or stock quotes, etc.. Portico provides access to the Web over any phone using your natural voice (no commands to remember). The CEO thinks MagicTalk will become the standard VUI platform for the Internet. And it's starting to look like he may be right. Portico was rolled out slowly last fall originally offered by 60 resellers across the Country. In November, General Magic announced an exclusive deal with Intuit (INTU) where millions of Quicken users will have voicecommand access to financial information from Quicken.com. The service is scheduled for operation in early 1999. In December, Qwest Communications initiated market trials of Portico under the name "Qwest Digital Assistant". In January, General Magic partnered with Microsoft (MSFT owns 11% of GMGC) to combine Portico with Microsoft's Windows CE-Auto PC platform to provide access to the Internet from automobiles. GMGC and MSFT demonstrated the Technology in January at the Consumer Electronics Show in Las Vegas. And on February 8, Wireless Knowledge (the joint venture between Microsoft and Qualcomm) announced General Magic's MagicTalk platform would provide users of their new "Revolv" service a VUI to access their e-mail, calendars, news and other info. Essentially every major wireless carrier in the U.S. will be offering Revolv to their customers sometime this summer. Carriers that announced they will offer the service include: Air Touch Communications, AT&T Wireless. Bell Atlantic, Bell Mobility (Canada), Bell South, GTE Wireless, Sprint PCS, and U.S. West Wireless. So why is GMGC a $4 stock? Well up to this point revenues were minimal. This a turn-around stock and the Street is taking a wait and see attitude. In addition, GMGC had a convertible stock deal hanging over its head for the last six months. Convertible financing deals draw shortsellers to a stock and put a lot of pressure on the stock price. GMGC will be out from under the Convertible deal by the end of the month. GMGC will release earnings March 10, and although they will show growth they will be far from spectacular. Revenues from the deals I listed above won't start showing up until the second half of 1999. I won't make any price predictions for this stock, but I think anyone would be hard pressed to find a Company trading at $4 with the kind of potential General Magic has. For additional information I would recommend visiting the General Magic and Wireless Knowledge Web sites at: generalmagic.com wirelessknowledge.com **************************************

To: terrapin who wrote (5283)	2/22/1999 9:38:00 AM
From: james a gustino	Read Replies (1) \| Respond to of 10081

terrapin: there is a very significant distinction between the announcement of gmgc partnerships with intuit, qwest, v-commerce alliance, msft and WK and mere "letters of intent." typically, "letters of intent" are non-binding documents, generally known as "agreements to agree" at a future date if certain prerequisites are met. by way of contrast, the deals that have been announced by gmgc are not "agreements to agree," but real deals that will produce real revenues. please review the most recent markman memo for his treatment of the WK deal, for example. granted, none of us knows the precise parameters of these deals, and so they remain shrouded in ambiguity. it would therefore be inappropriate to assign a specific value to each, or to the total sum. however, IMHO, it would be equally inappropriate to discount these strategic deals as having nominal value. of course, we each need to decide how we are to assess the above.... good luck to you!