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

To: HEXonX who wrote (2167)	12/2/1998 8:17:00 AM
From: Vijay Raghavan	Respond to of 3645

IIOnline has an article about neomagic in today's edition: Here is a small part of it: Price Target Alger recently raised his 1999 (January) forecast to $1.19, from $1.12 and his year 2000 forecast to $1.42, from $1.32. The stock is now trading at 13 times year 2000 estimated earnings, which seems way too cheap for a company with demonstrated earnings growth of over 30% and a near-franchise in a growing niche. The analyst argues the stock deserves a 20 multiple and target price of $30 per share.

To: HEXonX who wrote (2167)	12/2/1998 8:37:00 AM
From: SIer formerly known as Joe B.	Read Replies (1) \| Respond to of 3645

I've been on the sidelines since the morning of the earnings report (19 3/8). I think the market believes NMGC could end up like CREAF, which may or may not be true, but I've learned playing the markets emotions is more profitable then playing reality. I think you'll be sitting pretty staying in cash, time will tell. ==================== I just played ECHO from the low 1s to almost 4, it's pulled back to about 2 1/2, if it refills the last gap it'll pull back to ~1 7/8. I like it there. Happy Trails