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

To: Mani1 who wrote (3565)	3/22/2000 8:45:00 PM
From: Fred Fahmy	Respond to of 3645

Mani, I repeat, you are wasting your time with Newman. He obviously has done no serious due diligence. He claims "The company came right out and announced that they have run into problems". He obviously doesn't know the history or how management hid the DVD fiasco up until the very last second. They also mislead investors about their ability to gain back market share with their new 3D chip up until the last second. He goes on to say that "they are taking the necessary steps to straighten things out." What he doesn't seem to know is that the 3D chip and DVD were suppose to be the steps to straighten things out and they have admitted that there ended up being no market for either of these products. NMGC may bounce a bit from here as bottom fishers continue to buy just because 'the price is low'....but it's going to be very hard to move up significantly in light of the fact that the losses are just beginning and the balance sheet will be deteriorating. NMGC's financials are no where near their bottom....and the company finally admitted this in the last CC. FF