Preferred Capital Markets, Inc. Upgrades
Its Rating of NeoMagic Corporation to
BUY from ACCUMULATE
SAN FRANCISCO, July 20 /PRNewswire/ -- The following is being issued by
Preferred Capital Markets, Inc., a member of the National Association of
Securities Dealers, CRD number 10993:
Preferred Capital Markets, Inc, a brokerage firm servicing both
institutional and individual investors with a focus in technology,
telecommunications and medical technology today upgraded its rating of
NeoMagic Corporation (Nasdaq: NMGC) to BUY from ACCUMULATE.
Analyst Brian Alger is upgrading his recommendation although he will not
be adjusting his estimates until after NeoMagic's 2nd quarter conference call
which is expected to take place in mid-August.
Brian began coverage on August 27, 1998 on NeoMagic, a company providing
multimedia accelerator solutions to notebook PC manufacturers. NeoMagic's
MagicWare technology integrates large DRAM memory with analog and logic
circuitry to provide high-performance multimedia solutions on a single chip.
Currently Brian's coverage list includes Diamond Multimedia Systems, Evans
& Sutherland Corporation, Cirrus Logic, and Zoran Corporation among others.
Preferred Capital Markets, Inc. provides proprietary research and trade
execution services on an agency and principal basis for the securities and
options markets. Clients include institutional investors, money managers,
floor traders, and high net worth individuals. Founded in 1982, Preferred
Capital Markets is headquartered in San Francisco with offices in Boston,
Chicago, New York, and Philadelphia. |
