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

To: Sea Otter who wrote (5731)	3/31/1999 9:59:00 PM
From: steinman	Read Replies (1) \| Respond to of 10081

I hope it's not some perverse omen to have the financing announced on the same day as a service outage. Help me on this, but isn't a convertible of Preferred stock different than the Class C convert that helped do us in? Thanks for your excellent commentary all along. ws

To: Sea Otter who wrote (5731)	4/1/1999 12:45:00 AM
From: Mark Oliver	Read Replies (1) \| Respond to of 10081

How about this tired line, "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." In 2 or 3 years,the market will be a totally different animal to what it is today. It's clear there's a big effort to make portable phones very similar to computers. Of this 2 to 3 billion, we shall see such a wide variety of services. Its ridiculous to suggest Portico is the only kind of product to fill this demand. <And, since I'm feeling rather bitchy right now, > Now that you mention it, I'm feeling rather bitchy as well. Regards, Mark