Neomagic Corp. (NMGC) Message Board

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Technology Stocks : Neomagic Corp. (NMGC)

NMGC 0.0130

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Nov 21 9:30 AM EST

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To: Peter V who wrote (2953)	5/11/1999 11:04:00 PM
From: Panita	Read Replies (1) of 3645

NMGC has executed like a winner when it comes to their business plan. Unfortunately NMGC management has forgot its fiduciary responsibility to shareholders that require maximization of shareholder value. For this they get a big huge bright red F. Imho NMGC will do exactly what it has done in all the quarters since it came public. It will run big for 10 days before earnings. It will report good earnings move up at the open and as usual it will start its decline until 10 days before the earnings of the next quarter. Until I see a real change in management's attitude, I will continue playing the game of buying a week before earnings and selling on the actual earnings date. Do not blame the likes of Edelstone. They have to make money on this loser too even if it is on a conniving way by downgrading / loading up and then upgrading while downloading.

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