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

To: Grant MacMillan who wrote (6134)	5/11/1999 5:42:00 PM
From: dwight martin	Read Replies (1) \| Respond to of 10081

The overall impression here, I think, is that General Magic's own Portico service is a beta testbed for the agent-enabled voice-user-interface it is hoping to have Intuit, the telcos and WK, etc., use. It seems that at the end of the last quarter our consensus was for just a few thousand subscribers, if that.

To: Grant MacMillan who wrote (6134)	5/11/1999 5:46:00 PM
From: scott bieda	Respond to of 10081

grant welcome aboard ! imo i think the lack of sale came from the promotion,lack of advertising,and the resellers who are pushing the product are small fish !! there are bigger fish in trials (qwest ,wireless knoledge, intuit,bell south)i beleive 11 telecomunications co are in trials or were!! far as your other questions on the sales , and first orderd the product! could be answerd by one of the more knowledgeable people on this thread !! good luck

To: Grant MacMillan who wrote (6134)	5/11/1999 9:06:00 PM
From: Seconds Out	Read Replies (1) \| Respond to of 10081

Grant, GMGC rolled out Portico last July on target through what they call a Reseller Channel. Mostly companies that sell phones etc...out of store fronts. This was to enable GMGC to refine the service prior to working with the big boys ( Carrier Channel ). I think everyone feels that sales were disappointing compared to expectations, and that was a major factor in the fall off of the stock price. In retrospect, it seems that the Resellers just don't have the muscle to penetrate deeply enough into the consumer market. Too much needs to be spent on getting this category into the consiousness of consumers for it to have taken off through that channel. At this point, though, GMGC appears to finally be on the brink of a number of deals with the big boys going live...Bell South, Qwest, and Wireless Knowledge for the virtual assistant market and Intuit for accessing their Quicken.com web site via magicTalk. Hopefully, there is much more to come for the internet side of things. One of the difficulties here is assessing the revenue potential because it is such a new type of product. The company will not commit, rightfully imho, because they just don't know what the curve will look like. Everyone seems to feel that the market is huge, but there seems to be some fear the GMGC might be a little ahead of its time. The financing is also a wildcard, with many investors feeling that the convertible preferred shareholders are part of the cause for the stock being held back. Additionally, the cash flow is negative to a degree that if revenues don't improve this year then by year end GMGC will be out of cash. Again, I think most investors, as well as their CEO, don't believe that will happen. I hope this quick and dirty synopsis helps. I am really just giving you a small sense of the larger story. Go to Generalmagic.com for more details. Best wishes to you and to all believers in the magic. May GMGC be turning the corner as we speak. Seconds Out.