Neomagic Corp. (NMGC) Message Board

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Technology Stocks : Neomagic Corp. (NMGC)

NMGC 0.00750

0.0%

Dec 10 3:33 PM EST

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To: AJ Berger who wrote (3217)	7/23/1999 2:36:00 PM
From: Kurt M. Matis	Read Replies (2) of 3645

Preferred Capital Response from their website: I upgraded NMGC from Accumulate to Buy (7/20/99). I believe NMGC trades at a discount to its growth rate and the relative multiples of its peers because it is associated with other graphics chip manufacturers. The design issues that have recently plagued the stock are not related to the consumer electronics effort. Instead they relate to the production of a new graphics chip, the NMG6. In my upgrade note, I mention that I believe the production issues are nearly resolved. The firm does make a market in this stock. Brian Alger Senior Research Analyst Preferred Capital Markets

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