Neomagic Corp. (NMGC) Message Board

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Technology Stocks : Neomagic Corp. (NMGC)

NMGC 0.00730

-43.4%

Nov 7 9:54 AM EST

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To: Mani1 who wrote (3520)	3/14/2000 6:45:00 PM
From: Return to Sender	Read Replies (2) of 3645

Mani, I am very sorry about your losses here. I have been in your very shoes myself on many occasions. I hope the money that you took out of NMGC was put to good use in another investment. This is not a large investment of mine in relative terms however I am 95% certain that it will be a good one. Your negative expectations are no doubt shared by the majority of NMGC investors. There is little or no good news factored into the stock price. The fact that it has held in this very limited trading range for so long since management lowered the boom tells me that it could indeed be an extended period of time before the stock moves. I did like the volume today and the uptick in share price. In my opinion there is only a 5% chance that it will move down. Why? It already has moved down. There are stocks all over the place in sectors with less going for them fundamentally than NeoMagic. Stocks that sell at tremendous premiums because investors are looking forward. I guess what I am telling you is that I believe investors will look forward again on NeoMagic's potential. It may be a while but since I believe my risk is minimal I'll hang around until proven wrong. This is what I believe will excite investors in the future: If NMGC can put a multimedia chip in a notebook they just might be able to do it for a wireless internet device without draining the battery too quickly. That's all! RTS

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