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Technology Stocks : Neomagic Corp. (NMGC)

NMGC 0.0149

0.0%

Feb 2 1:02 PM EST

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To: drsvelte who wrote (2329)	1/16/1999 4:37:00 PM
From: vincenzo	Read Replies (1) of 3645

drsvelte - The shorts and the sellers continue to pound this stock even though the graphics segment appears to be warming up. Both ATI and TRID rocketed up this week. ATI after posting phenomenal results and TRID before posting dismal results after the market closed on Friday. I suspect TRID will get a spanking next week. ATI now has 37% of the desktop market, profits of .24/share (pre-charges) and ran up last week from under $12 to almost $16 on Friday. A 30%+ run. TRID lost market share and money -.14/share on a sales decline of about 25%. Has one design win with their patent infringing mobile chip and ran up from $4.5 to over $7. A 50%+ run for the week. Neither ATI nor TRID presented any new news of tangible inroads against Neo. ATI has had some success in the high-end mobile market mostly at SIII, TRID and CHiPS expense. Neo is still gaining market share, grabbed 57% of the mobile graphics market in the 3rd quarter, and has 15 major design wins on its new 256 bit chip. Neo is also currently signaling with positive press releases that this quarter they are doing very well, thank you and will report in excess of .34/share. Yet it dropped from $20 to $18 5/8 this week. Why the shorts and sellers of Neo persist in knocking this stock down at this point in time is incomprehensible to me, especially in the face of a significant SOX breakout through 400 this week. The sellers were clearly in control this week. It will be interesting to see how much longer they can continue to push the price down. Soon the fast money who just made a killing in the TRID and ATY run-ups will come sniffing around here as the earnings release date approaches. Should be interesting - yes indeedy. vincenzo

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