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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (12953)	8/12/1998 6:27:00 PM
From: Jenna	Respond to of 120523

NMGC.. nice sales report. SANTA CLARA, Calif., Aug. 12 /PRNewswire/ -- NeoMagic Corporation (Nasdaq: NMGC) today reported net sales for the second quarter of fiscal 1999 of $53.4 million, an increase of 117% compared to $24.6 million for the second quarter of fiscal 1998, and an increase of 12% compared to $47.7 million for the first quarter of fiscal 1999. Net income for the second quarter of fiscal 1999 was $7.0 million, or $0.27 per share, and reflects an effective tax rate of 35%. Net income for the second quarter of fiscal 1998, which reflects an effective tax rate of 15%, was $4.0 million, or $0.15 per share. Assuming that a comparable effective tax rate of 35% had applied to the second quarter of fiscal 1998, net income and earnings per share would have been $3.0 million or $0.12 per share. Net income and earnings per share for the first quarter of fiscal 1999 was $6.7 million or $0.26 per share