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

To: Robert V. Cavaleri who wrote (6023)	5/3/1999 10:12:00 PM
From: Rob Anderson	Read Replies (1) \| Respond to of 10081

Registering to sell does not mean you will sell!

To: Robert V. Cavaleri who wrote (6023)	5/3/1999 10:31:00 PM
From: Seconds Out	Respond to of 10081

Isn't the SEC filing a formality? I don't recall the S-3 stating when the sales would occur or at what price. It does lend credibility to the potential of another suitor taking at least a nice sized piece of the company though. Maybe the freeing up of these shares as well as the additional shares authorized in January are related. I am also wondering about Wireless Knowledge's potential involvement as it might explain Microsoft's name on the S-3. All speculation, of course, but I am increasingly curious about this move upward. It seems strange that it has continued for six straight days with no follow through on the rumors, no news, and only a "no comment" from the company. I agree with Sea Otter that the silence from the company has got to break soon with all that is going on with both the move upward and the volume. It sure would be nice to not end up disappointed this go around. Best wishes to all believers in the magic, and to all of the thought provoking posters of late here. It has been nice to kick back and lurk a bit. Seconds Out.

To: Robert V. Cavaleri who wrote (6023)	5/4/1999 7:33:00 AM
From: Gary Ku	Read Replies (1) \| Respond to of 10081

Robert, Microsoft did not register to sell , neither the 14 GMGC investors!! <<<<< documents filed with the Securities and Exchange Commission last week showed that 14 General Magic investors have registered to sell more than 21 million shares of common stock obtained in a conversion. The list included Microsoft, which registered to sell 2.7 million shares of its 3.6 million share stake.>>> Form S-3 filed by GMGC on April 29, 1999 for the purpose of “calculation of registration fee” on “estimated shares” of common stocks “ issuable” upon conversion of all issued Preferred Stocks. Total 21 million shares registered, 2.7 million belongs to Series A Convertible Preferred Stock (owned by Microsoft). The original filing: edgar.sec.gov CALCULATION OF REGISTRATION FEE --------------------------------------------------------------------- PROPOSED MAXIMUM PROPOSED MAXIMUM TITLE OF EACH CLASS OF AMOUNT TO BE OFFERING PRICE AGGREGATE OFFERING SECURITIES TO BE REGISTERED REGISTERED PER SHARE PRICE - ------------------------------------------------------------------------------------------------------------------- Common Stock ($0.001 par value)............ 12,056,440 shares(1) $3.438(2) $41,450,040.72 Common Stock ($0.001 par value)............ 225,001 shares(3) $5.078(4) $1,142,555.08 Common Stock ($0.001 par value)............ 2,721,750 shares(5) $3.438(2) $9,357,376.50 Common Stock ($0.001 par value)............ 6,031,825 shares(6) $3.438(2) $20,737,414.35 TOTAL.............................. 21,035,016 shares $72,687,386.65 - (5) Represents shares of common stock issuable upon conversion of seventy-five percent (75%) of issued shares of the Company's Series A Convertible Preferred Stock, assuming that such conversion is as of the date of this Registration Statement. Pursuant to Rule 416 of the Securities Act, this Registration Statement also covers such indeterminable additional shares as may become issuable upon conversion of the Series A Convertible Preferred Stock as a result of any future stock splits, stock dividends or similar transactions. --------------------------------------------------------------------------------If you were talking about another SEC filing , please post the details. We don't want to assume that your “portifolio manager” friend is shorting this stock. ---------------------------------------------------------------------