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

To: John Ritter who wrote (3582)	5/15/2000 9:09:00 PM
From: E Newman	Read Replies (2) \| Respond to of 3645

Well I did talk to the CEO, it seems like he is making an effort to restore shareholder value, he said he lost over 20 Million, and did not sell a single share. The recent insiders selling were from employees that were leaving. I asked him about the company buying back shares he said it would only help the stock short term so he is not in favor of it. He said he is not in discussions with any potential buyer, but he would do anything that will benefit the shareholders. With over 800,000 shares traded today, it seems like we hit a bottom. I bought another few thousand shares around $3.00 Patience will pay off.