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

To: Solid who wrote (656)	3/26/1998 6:22:00 AM
From: Mr. Bean	Read Replies (2) \| Respond to of 3645

biz.yahoo.com NeoMagic(R) Expands Executive Management Team and Adds to Board of Directors Ron Jankov Promoted to Senior VP and General Manager, Daniel Hauck Joins as Vice President of Sales, and Klaus Wiemer Joins Board SANTA CLARA, Calif., March 25 /PRNewswire/ -- NeoMagic Corporation (Nasdaq: NMGC - news), the pioneer of embedded DRAM and the world's first producer of a 128-bit single-chip multimedia accelerator for notebook computers, today announced the promotion of Ron Jankov to senior vice president and general manager of the newly created Multimedia Products Division, and the addition of Daniel Hauck as vice president of worldwide sales and Klaus Wiemer to the Board of Directors. ''NeoMagic has experienced dramatic growth over the past year. Our revenues have more than tripled, and we've expanded our employee base by more than 80%. We are now bolstering our management strength to accommodate these new levels of activity,'' noted Prakash Agarwal, president and chief executive officer. ''We are consolidating the product development, marketing and support for our first highly successful product line, portable multimedia accelerators, into a single product division with a senior executive as general manager. This structure will allow rapid decision making and timely execution in a customer and product focused business unit, while also allowing the corporation to begin exploring additional new product line opportunities. We are also adding new strength to our team, bringing on board two seasoned industry executives,'' he added. ''Ron Jankov joined NeoMagic in October 1995 as vice president of worldwide sales and has made a major contribution to the rapid growth of NeoMagic and the overwhelming acceptance of the MagicGraph multimedia accelerators in the portable notebook computing market. I am delighted to have Ron take the helm of this newly created division,'' continued Mr. Agarwal. Mr. Jankov has over sixteen years of engineering, operations, sales, marketing and general management experience in the semiconductor business. Prior to joining NeoMagic, Mr. Jankov served as vice president Asia operations of Cyrix Corporation in Richardson, Texas, and before that was employed by Accell, LSI Logic, and Texas Instruments. Mr. Jankov holds a BS in Physics from Arizona State University. ''We are pleased that Daniel Hauck has joined NeoMagic as vice president of worldwide sales. He makes a great addition to the executive team that will guide NeoMagic toward its vision of continuing to deliver innovative products that maximize the multimedia capabilities of the mobile computing industry. We look to his eighteen years experience to help us improve our ability to serve customers globally,'' said Mr. Agarwal. Mr. Hauck joins NeoMagic from Cirrus Logic where he spent the past 12 years in a variety of senior sales management positions, most recently as vice president business development & Asia Pacific sales. Prior to Cirrus Logic, Mr. Hauck was employed by Technology Marketing, Inc. and Rockwell International. Mr. Hauck is a graduate of The Ohio Institute of Technology where he received his Bachelors in Electrical Engineering Technology. ''We are extremely pleased to add the expertise of Dr. Klaus C. Wiemer to our Board of Directors. He has over thirty years experience in the semiconductor business, having began as a research scientist at Texas Instruments in the 70's, moved to managing European and Asian operations in the 80's, and serving as President and CEO in the 90's of IC foundry companies TSMC, Chartered Semiconductor Manufacturing, and InterConnect Technology. We look forward to the global perspective Dr. Wiemer can bring to NeoMagic's Board of Directors,'' said Mr. Agarwal. Dr. Wiemer also serves on the Board of Directors of Meissner+Wurst GMBH of Stuttgart, Germany, a builder of microelectronics manufacturing facilities.