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

To: Robert V. Cavaleri who wrote (5727)	3/31/1999 6:17:00 PM
From: jbay	Respond to of 10081

Well, I hope they use some of the financing to put in an additional NOC on the other side of the country for backup in case of trunk outtages -- my 888 with them has been out, too -- not a huge deal for me, but jeez louise, if they're going to sell this service, this kind of full-day (so far) outtage will not cut it. Can you imagine the entire sales force at a fortune 500 having their Portico service out for an entire day? End of General Magic, end of story. As an investor, I'm very, VERY surprised and dismayed by this outtage -- even a cut-rate webhosting company (especially one located in the earthquake-prone bay area) will be better prepared than GM appears to be.

To: Robert V. Cavaleri who wrote (5727)	3/31/1999 6:23:00 PM
From: Kevin G. O'Neill	Read Replies (1) \| Respond to of 10081

Sounds great. Now perhaps they can pay for a disaster recovery system that will prevent an outage like the one that is going on right now. Is anyone on this thread a user? If so can you access the Portico system? I still cannot and I'm coming up on 7 hours of down time now. I hope we have a little insurance for this or some kind of quid pro quo with Qwest... I'm hearing that as many as 10% of customers are affected. -Kevin

To: Robert V. Cavaleri who wrote (5727)	4/1/1999 12:33:00 AM
From: Mark Oliver	Respond to of 10081

<I am impressed with this statement: ''This cash infusion furthers our ability to grow our business of providing voice-enabled services for telecommunications carriers and Internet companies,'' commented Steve Markman, General Magic's chairman, chief executive officer and president. ''The added financing will help us build the market for voice-enabled services, which analysts predict will reach $2 billion to $3 billion by 2001 in the U.S.' Clearly it seems that they are adding the extra NOC because they beleive that they are going to secure portico or portico-like deals with major telecommunications carriers. They are gonna try to slice as big a piece of that multi-billion dollar pie as they possibly can. > So far, GM is all impressive statements. I think it's time to see impressive actions. Reading special meaning into all these sentences have proved to be a pointless exercise. The only thing that will impress me now are increasing revenues. This financing is about the worst choice that we faced. So, do we have more of this convertible hedging bullshit to face where they short the stock and then get more shares for their 20,000? And 150,000 warrents. I really don't know that I view it as at all positive. I could have seen many other deals that were built from strength could have been more favorable and have more than a couple months to extend the life of the company. Yeah, 20 million. James McCormick, chief operating officer, noted that "the forward-looking initial pricing mechanism allows us and our common stockholders the benefit of a potential increase in the price of our common stock. This transaction also gives us added flexibility to operate in the coming months, and we believe it will be sufficient to fund our efforts through the second half of 1999." Wow, we are able to see remaining in business to the second half. That's suppose to make us feel confident? Regards, Mark