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

To: Kurthend who wrote (5678)	3/23/1999 9:56:00 AM
From: Souze	Read Replies (2) \| Respond to of 10081

SUNNYVALE, Calif.--(BUSINESS WIRE)--March 23, 1999--General Magic, Inc. (NASDAQ:GMGC) today announced that James McCormick has been appointed to the position of chief operating officer. The company's network operations, customer support and quality assurance functions now will report to McCormick. In addition to his new responsibilities, McCormick will continue in his role as chief financial officer. The functions he currently manages include finance, treasury, accounting, facilities and management information systems. "We've created this new position to integrate the key information technology centers of the company into a single organization," said Steve Markman, chairman, president and chief executive officer of General Magic. "James has the managerial and technical experience required to successfully lead the planned expansion

To: Kurthend who wrote (5678)	3/24/1999 12:18:00 AM
From: biffpincus	Read Replies (3) \| Respond to of 10081

<<Personally, I can't believe that GMGC will go broke with its current partners. Why would Intuit, WK, MSFT, and QWST partner with a "dying" company ..... I will stop rambling now, so take care.>> Kurt, thank you so much for your "ramblings" ... I believe your post successfully summarizes in great detail the actual investment decision facing all of us who are interested in this company. I agree, it is hard to understand why our equity partners would desert us. It is my understanding though is that MSFT sold their holdings (or part thereof) in November. If Mr. Markman is to be believed (and I take him to be an honorable person), multiple telco contracts could (should?) be announced in the coming quarter (or two) ... We shall see what we shall see, but the company sure is making us sweat while we wait ... Here's to better gmgc times ahead, biff