1.   The method used to translate the financial statements should reflect the financial and other operational relationships which exist between an investing company and its foreign enterprises.

2.   Just like CMGI Inc., the Andover-based Internet investing company, it offers new ventures a better chance to strike alliances with other important Web businesses.

3.   Now, consider what is going on at those big investing companies today.

4.   The investing companies are separate from General Magic, however.