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Technology Stocks : Neomagic Corp. (NMGC)

NMGC 0.0149

0.0%

Feb 5 4:00 PM EST

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To: Ronin who wrote (2327)	1/15/1999 12:53:00 PM
From: vincenzo	Read Replies (1) of 3645

Ronin - good article. Neo continues to absorb market share at the expense of their competitors and newer higher margin products are ramping up quickly. Neo now is in half of all notebooks sold and consumes almost 60% of the market revenues. Neo is clearly signaling that their quarter is going very well with these positive teaser press releases. But we may have to wait until we get closer to the earnings release before the fast money starts moving heavy into the stock. TRID has moved up sharply the last few days starting about one week before their earnings release and now stands at three times their low set in October. I have just started noticing some quiet big block accumulation in Neo the last two days. A 30k block just slipped through at the ask at 19 1/4. The relentless block selling has also dried up the last two days as reflected in the recent drop off in volume. As usual with Neo, the market seems to completely ignore the company's press releases. Definitely a show me the money crowd. vincenzo

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