Neomagic Corp. (NMGC) Message Board

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Technology Stocks : Neomagic Corp. (NMGC)

NMGC 0.00720

0.0%

Nov 28 9:30 AM EST

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To: vincenzo who wrote (2453)	2/3/1999 4:30:00 PM
From: CMon	Read Replies (1) of 3645

Tech companies need their cash to stay current. NMGC more than most. They had $75MM in cash and short term investments on the Oct 31 balance sheet. They had spent $22MM on R&D in the 9 months leading up to that quarter end. And you want them to buyback stock? Corporate finance is clearly not your stong suit. They need that cash to stay in the game. And by the way, I thought you thought this "conspiracy" was nothing more than an opportunity for you to buy. If so, why the griping? You ought to want to see the stock at $5 if you love this business.

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