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

To: The Pope who wrote (3301)	8/11/1999 4:00:00 PM
From: AJ Berger	Respond to of 3645

NeoMagic Corporation CEO Prakash Agarwal talks to The Wall Street Transcript NEW YORK, Aug 11, 1999 (BUSINESS WIRE via COMTEX) -- The Wall Street Transcript has published an in-depth interview with Prakash Agarwal of NeoMagic Corporation (Nasdaq:NMGC), in which he talks at length about his company's future. The interview is available free online at twst.com He says, "NeoMagic is a six-year-old company. We founded the company in the summer of 1993. We went public in March of 1997. The vision for the company is to mobilize rich Internet experiences. By that, I mean that we provide semiconductor solutions that enable new system platforms, which make the Internet experience richer and more engaging, and make it available anytime, anywhere." He explains, "The first platform we chose was the notebook PC. We developed a semiconductor technology which we call MagicWare (Memory and o-GIC-ware). It's a pioneering technology that allows us to embed large amounts of DRAM memory and logic onto a single chip. Based on that, we have been very successful in penetrating the market for multimedia accelerators for notebook PCs." He asserts, "In fiscal year 1996, which was primarily calendar year 1995, we only had about $200,000 of revenue. The following year, fiscal year 1997, we had $41 million; the year after it was $124 million; and last year we closed with about $240 million. So I am pleased with our growth over these past several years." He declares, "Now we have also begun leveraging our embedded DRAM MagicWare technology into two new areas which also make the Internet experience richer. First is in the area of digital video and digital still cameras, devices that will provide a web-friendly way for people to capture and share digital images. We see that as an emerging very high growth opportunity. We estimate the semiconductor market opportunity will be more than $2 billion in the coming years. The second area that we're focusing on is chips for Digital Versatile Disk drives, known as DVDs, which we estimate to be more than a $3 billion market opportunity in the coming years. So with the notebook opportunity, as well as the digital camera and DVD opportunities, our current product strategy addresses more than $5 billion of market opportunity in the next several years." Looking forward, he states, "We are focused on three very large markets that sum up to over five billion dollars of market opportunity. We have been very successful in our first market, and we believe with the type of products we intend to build, and with our technology, our commitment and focus, we'll be able to achieve the same success in the two new areas. If that happens, what will we achieve? A significant increase in shareholder value, I would say." The Wall Street Transcript is a premier weekly investment publication serving serious long-term investors for over 35 years. Read the latest analyst and money manager recommendations at twst.com The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. For subscription information call (800) 246-7673. Copyright (C) 1999 Business Wire. All rights reserved.