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Technology Stocks : Neomagic Corp. (NMGC)

NMGC 0.00730

-43.8%

Nov 7 9:54 AM EST

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To: Ralph Cosenza who wrote (2641)	2/27/1999 11:18:00 AM
From: Richard Tsang	Read Replies (1) of 3645

From Daniel Niles of BancBoston Robertson Stephens (2/24) NeoMagic discussed its current strategy and direction for future growth. Leveraging its MagicWare technology that allows systems-on-a-chip solutions integrating DRAM and logic, we believe NeoMagic is the current leader in multimedia accelerators in the notebook market. The company has identified two major areas of growth: (a) expand into new markets such as DVD, DCAM and communications,(b) increase its share of silicon in notebooks. The company's recently announced acquisitions of Mitel's optical drive business and array-processing technology from ACL are, we believe, extremely strategic in this regard. The company expects no significant revenue impact from these acquisitions in the current year. We believe that NeoMagic's embedded DRAM technology provides it with a unique advantage in markets where portability, power consumption and performance tradeoffs need to be made. We are not changing our estimates and reiterate the Buy rating.

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