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

To: Kurt M. Matis who wrote (3213)	7/20/1999 1:41:00 PM
From: AJ Berger	Read Replies (1) \| Respond to of 3645

Preferred Capital Markets, Inc. Upgrades Its Rating of NeoMagic Corporation to BUY from ACCUMULATE SAN FRANCISCO, July 20 /PRNewswire/ -- The following is being issued by Preferred Capital Markets, Inc., a member of the National Association of Securities Dealers, CRD number 10993: Preferred Capital Markets, Inc, a brokerage firm servicing both institutional and individual investors with a focus in technology, telecommunications and medical technology today upgraded its rating of NeoMagic Corporation (Nasdaq: NMGC) to BUY from ACCUMULATE. Analyst Brian Alger is upgrading his recommendation although he will not be adjusting his estimates until after NeoMagic's 2nd quarter conference call which is expected to take place in mid-August. Brian began coverage on August 27, 1998 on NeoMagic, a company providing multimedia accelerator solutions to notebook PC manufacturers. NeoMagic's MagicWare technology integrates large DRAM memory with analog and logic circuitry to provide high-performance multimedia solutions on a single chip. Currently Brian's coverage list includes Diamond Multimedia Systems, Evans & Sutherland Corporation, Cirrus Logic, and Zoran Corporation among others. Preferred Capital Markets, Inc. provides proprietary research and trade execution services on an agency and principal basis for the securities and options markets. Clients include institutional investors, money managers, floor traders, and high net worth individuals. Founded in 1982, Preferred Capital Markets is headquartered in San Francisco with offices in Boston, Chicago, New York, and Philadelphia.

To: Kurt M. Matis who wrote (3213)	7/20/1999 9:49:00 PM
From: AJ Berger	Read Replies (2) \| Respond to of 3645

Putting Brian Alger's upgrade in perspective messages.yahoo.com seems like Brian's a "trailing" indicator, who brings NO insight to his NMGC coverage. Anyone watching NMGC intraday today will tell you that we were well on our way to closing under $9 when Brian's upgrade came along and saved us. Considering he's posponed a price target until the rest of the World learns more about what NMGC's up to next month, I doubt Brian has ANY insight into NMGC beyond covering his own ass, and Preferred Capital's accounts. More will see thru this, then get sucked in, and I expect to get a chance to buy my shares back cheaper a lot sooner then most would hope.