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Technology Stocks : Neomagic Corp. (NMGC) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Fortune III who wrote (3175)	7/12/1999 6:06:00 PM
From: AJ Berger	Respond to of 3645

FWIW: stockwinners.com? NeoMagic Corporation (NMGC) makes multimedia accelerators that facilitate complex displays combining graphics, video and audio on notebook computers. The company's proprietary technology combines analog circuits, complex logic and memory circuits on a single chip. The firm's customer list includes most of the laptop makers. The new IBM ThinkPad 240 mini-notebook, for example, includes the NeoMagic MagicGraph128XD accelerator. NMGC shares had a hard 1999, until last week. The price declined 63 percent, through the close of trading Thursday. Since then, however, they have moved up 29 percent from that level. We are hearing a rumor that NeoMagic may be a takeover target. The potential suitors mentioned are in the computer networking sector. The firm is expected to make $0.09 per share this quarter and $0.65 this year. Over the past five quarters, the company has meet or exceeded Wall Street earnings estimates. Four brokerage houses have issued recommendations on the stock. One "moderate buy" and three "holds" are listed. The NMGC Price/Earnings ratio is only about one-fifth of the industry average. Options are active. Calls are being purchased and puts are being sold. Open call interest dominates over open put interest, at nearly all strike prices through January. Over the past 52 weeks, shares have traded in the range $7 1/8 - $23 3/4. They are currently selling for $10 1/2, up 1/8 on the day. Should you decide to invest, use a stop-loss of $9 1/2 and remember that this issue will require attention. It has short-term momentum and is trading on heavy volume, but it could lose its momentum fast. (7/12/99)

To: Bill Fortune III who wrote (3175)	7/12/1999 8:10:00 PM
From: Eddie Kim	Read Replies (1) \| Respond to of 3645

I have to admit: I sold the shares I bought at $7 1/2 at $11 3/8 today. A nice 51.7% gain in a couple of weeks. I never intended to keep these shares for long. Only to average down my price and sell in the $11-12 range. You're right about how NMGC has a lot of overhead baggage. A lot of people bought this stock between $9-14 so I expect a lot of selling pressure to occur. Hopefully this move up is based on some sig. news that will be revealed shortly.

To: Bill Fortune III who wrote (3175)	7/13/1999 1:20:00 AM
From: tejek	Respond to of 3645

RE: <<Besides stock resistance I have to believe that many of those who bought back in mid May through late June in the high $7 range are taking out profits in the 30-40% range.>> I agree but like I said in my other post I don't think it will matter this time. It feels to me like news is pending...it may not for a month or so but something will come up. I have had two other stocks act this way in the past 6 months; eventually news surfaced and they ran up further. Good luck to all. ted