(13.) Under the Shareholder Agreement, any Magic Line shareholder that receives cash or EFT transaction processing credits as any portion of the consideration for its Magic
Line shares must use NYCE as its exclusive regional EFT network in the Upper Midwest for three years after consummation of the proposal, and must make specific minimum annual payments to NYCE for data processing and related services during these three years based on a percentage of the shareholder's ATM transaction volume prior to the proposal.
In March, Magic offered a special Linux version of its Magic
8.2 tool (which is a reworked version of Magic 8.2, which first shipped last September, designed for SCO OpenServer) free over the internet.
General Magic went public a year ago amid much fanfare for its Magic
Cap operating system for hand-held computers and its Telescript software for automatically searching for data from cyberspace.