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

To: Souze who wrote (5669)	3/22/1999 10:35:00 AM
From: dbs35	Respond to of 10081

What I draw from the news of MSFT's investment in L&H is that MSFT is smart and wants to be heavily invested in the winner in the speech arena. I don't think they care much who that winner is, only that they be there alongside. And with the amount of change they can spread around, they can afford to pick some losers too. No affect on GMGC, just underscoring that the MSFT investment isn't as much of a vote of confidence as it's encouraging to think it is. ds

To: Souze who wrote (5669)	3/22/1999 10:53:00 AM
From: Richard Sampson	Read Replies (1) \| Respond to of 10081

The Charlotte Observer, N.C., Technology Column Mar. 22 (The Charlotte Observer/KRTBN)--CONITA GETS COASTAL GROWTH VENTURE CAPITAL: Conita Technologies Inc., a year-old software company in Columbia, has received $600,000 in venture capital from Coastal Growth Partners of Florence, S.C. Conita president Jeff McElroy said Coastal's investment will help his company complete development and begin marketing its first product, a program that allows users to retrieve e-mail and voice mail messages, computerized data and documents via telephone. McElroy said the money is part of $2 million to $3 million Conita is raising. The 15-employee company was founded in Columbia a year ago as a spinoff of General Magic Inc., a Silicon Valley technology firm. General Magic provided $600,000 in start-up funding, which McElroy and his colleagues have used to begin building their still-unnamed software. Rather than remaining in Silicon Valley, McElroy decided to start the new business in South Carolina, where he and several co-workers have roots. Among other things, he said, recruiting is easier in Columbia. Conita's software will run on Microsoft Windows NT-based networks, linking e-mail servers and voice mail systems so they are accessible by telephone. Like other so-called "virtual assistants," the software uses a recorded female voice to guide users. Conita is conducting market trials of the service with Physicians Online, an Internet service for doctors. Further trials are planned as the year goes by and McElroy is hoping for commercial launch of the product this fall. Neologix, a 15-person interactive development firm based in uptown Charlotte, has changed its name to Vialogix Communications. The 3-year-old company designs Web sites and other interactive projects for First Union, Springs Industries, Crescent Resources and other clients around the Southeast. The company's new Web site is at www.vialogix.com. CARY-BASED SAS INSTITUTE INC. recently landed one of its largest defense contracts ever, a software licensing agreement with the Defense Information Systems Agency worth at least $21 million over five years. SAS said the deal is expected to expand the Defense Department's use of SAS's database and statistical management software for mainframe computers. SOURCE TECHNOLOGIES, a Charlotte-based company that sells specialty printers, has introduced a high-speed ink-jet check printer for insurance claims, payroll and other applications. The $94,000 device, a modified IBM Infoprint printer, is equipped with Source's magnetic ink and secure numeric fonts to make alteration difficult. By David Boraks -0- Visit Charlotte.Com, the World Wide Web site of The Charlotte (N.C.) Observer, at charlotte.com (c) 1999, The Charlotte (N.C.) Observer. Distributed by Knight Ridder/Tribune Business News. GMGC, END!A$3?CH-TECHNOLOGY-COL News provided by COMTEX. [!BUSINESS] [!HIGHTECH] [!INFOTECH] [!WALL+STREET] [BUSINESS] [E-MAIL] [INSURANCE] [INTERNET] [INVESTMENT] [KRT] [MARKET] [MARKETING] [MONEY] [NEWS] [NEWSGRID] [ONLINE] [PHYSICIANS] [SOFTWARE] [SOUTH+CAROLINA] [TECHNOLOGY] [USA]