Neomagic Corp. (NMGC) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Neomagic Corp. (NMGC)

NMGC 0.00730

-43.8%

Nov 7 9:54 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: HEXonX who wrote (2522)	2/14/1999 2:16:00 PM
From: Bill Fortune III	Read Replies (3) of 3645

Hi Hex. Thanks for posting those links. Well needless to say I do not fully agree with sw. I am still holding to my plans to purchase more NMGC. How many good Tech Stocks are selling for 11 1/5 to 12 P/E. None that are doing the business NCGC is doing. As to earnings information one only needs to look at this link and see what I feel is a great picture: biz.yahoo.com and then read this report of one year ago: “Hambrecht & Quist issued a Company Report on February 12, 1998 for Neomagic Corp. On February 12, 1998 Hambrecht & Quist analyst Robert Chaplinsky issued a 2 page Company Report on Neomagic Corp. Report highlights: 'The 1999 EPS estimate was raised from $0.99 to $1.13, to reflect weaker competition, strong gross margins, and new design win activity. A BUY rating was maintained. The company reported fourth quarter EPS of $0.24 versus $0.05 in the same period a year earlier. Earnings were driven by strong growth in the PC Notebook market. The price target is $22 per share. The company announced that Toshiba has selected the company's MagicGraph 128XD graphics chip for a new notebook.' Report No.: F0085698:” found at: biz.yahoo.com Then read this recent report (2/4/1999) “Preferred Capital Markets, Inc, a brokerage firm servicing both institutional and individual investors with a focus in technology, telecommunications and medical technology today reiterates NeoMagic (Nasdaq: NMGC news) with a Strong Buy rating and a 12-month price target of $30.” Found at: biz.yahoo.com As to competition, heck they have faced that all along and are still showing strong growth. The recent earnings history for NMGC has all shown surprises to the up side. PINNACLE SYS (Nasdaq:PCLE) is currently selling for a 19.53 P/E trading at 36.625 ATI TECH (Toronto:ATY.TO) at a 25.51 P/E and trading at $23.80 UNIGRAPHICS (NYSE:UGS) at a 106.60 P/E and trading at $18.06 With many of the other companies in the same industry sector showing large per share losses. If NMGC were selling right now at its current earnings times the following P/E's: (remember this will change when the new earnings are reported) 13 P/E it should be trading for: $15.25 14 P/E it should be trading for: $16.38 15 P/E it should be trading for: $17.55 16 P/E it should be trading for: $18.72 19 P/E it should be trading for: $22.23 25 P/E it should be trading for: $29.25 As to their customer list I personally think it is impressive. That list can be found at this link via the news release: biz.yahoo.com As to the technicals on NMGC, at the moment they are poor at best. But with all that the stock has going for it and from my own point of view it just may be the right time for certain investors to be buying. Yes it could and may well drop a little more, but when it turns around and I thoroughly believe it will then a huge upside is in the offing. If it sounds like I am bullish on NMGC that is correct. What I have offered up here is not hype only the facts as I see them based on information available to me. And as Hex said “Any comments out there?” My best wishes to all who are invested in this stock and happy trading. Bill Fortune III

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next