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Technology Stocks : Neomagic Corp. (NMGC)
NMGC 0.010000.0%Oct 31 11:49 AM EST

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To: Vegas who wrote (3637)6/9/2003 11:05:20 AM
From: Vegas  Read Replies (1) of 3645
 
Press Release Source: NeoMagic Corporation

NeoMagic's Mimagic 3 Applications Processor Powers Multimedia Applications On Neonode's N1 Mobile Multimedia Handset
Monday June 9, 7:30 am ET
The Innovative N1 Provides Mobile Telephone, Camera, Multimedia Messaging Service, MP3 and Gaming Capabilities

SANTA CLARA, Calif., June 9 /PRNewswire-FirstCall/ -- NeoMagic Corporation (Nasdaq: NMGC - News), a pioneer in Applications Processors for multimedia-rich mobile phones, wireless PDAs and other mobile handheld systems, today announced that Neonode Corporation has selected the MiMagic 3 Applications Processor to power the multimedia capability in its N1 mobile multimedia handset. The N1 is a low-cost handset that is designed to provide imaging-intensive applications including digital camera, multimedia messaging service (MMS) and mobile gaming, along with cellular phone functionality. The N1 is targeted at the "digital-entertainment generation" -- ages 15-25 -- who are instrumental in driving demand for increasingly sophisticated multimedia functionality on affordable mobile handheld devices.
(Photo: newscom.com )
"The N1 offers a very small, sophisticated form-factor and a host of multimedia capabilities as well as a compelling price point," said Mark Singer, vice president of marketing at NeoMagic. "Neonode is targeting an important part of the market and we are pleased to partner with them on such an outstanding showcase of the MiMagic technology. We look forward to further collaboration with Neonode on future products," concluded Singer.

The MiMagic 3 is an ARM-based Applications Processor purpose-built to provide a cost-effective solution for consumer applications that require advanced multimedia capabilities. The MiMagic 3 achieves high performance and low power through architectural innovations including two independent memory buses which provide separate interfaces for simultaneous access to program and data storage; dynamic CPU and peripheral clock switching; an internal frame-buffer for display refresh without external memory access and multiple power down modes. All of these features combine to provide higher performance with longer battery life at a lower cost.

About Neonode

Neonode, based in Kista, Sweden, is an independent Mobile Brand that develops and sells Mobile handsets and accessories. Software that comes with a mobile handset from Neonode is bound by license and agreements but is free of charge. Neonode is an online Mobile supplier that gives the user access to a network of information and entertainment, and in the same time freedom to choose their own mobile applications. Neonode can be found on the Web at www.Neonode.com.

About NeoMagic

NeoMagic Corporation, based in Santa Clara, California, enables new generations of handheld systems with Applications Processors that are designed to offer the lowest power, smallest form-factor and best multimedia features and performance. The Company pioneered the integration of complex logic, memory and analog circuits into single-chip solutions. NeoMagic is mobilizing multimedia for the Internet age. Information on the company may be found on the World Wide Web at www.neomagic.com.

NOTE: NeoMagic and the NeoMagic circle logo are registered trademarks, and MiMagic is a trademark of NeoMagic Corporation. ARM is a trademark of ARM Limited. All other trademarks are the property of their respective owners. NeoMagic disclaims any proprietary interest in the marks and names of others.
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