To: Stock Watcher who wrote (2815 ) 2/13/1999 5:30:00 PM From: Bill Fortune III Read Replies (2) | Respond to of 52051
Good Afternoon SW. Have you any take on: NEOMAGIC CORP (Nasdaq:NMGC) Some basic info if you already don't know it. Sales information: NeoMagic provides multimedia accelerator solutions to notebook PC manufacturers. NMGC's MagicWare integrates large DRAM memory with analog and logic circuitry to provide high-performance multimedia solutions on a single chip. For the nine months ended 10/31/98, net sales rose from $80 million to $168.5 million 210%. Net income rose 76% to $22.2 million. Results reflect higher sales of MagicGraph and MagicMedia products, partially offset by the absence of loss carryforwards utilized in '97. Last Traded at 13 ½ or 791,600 shares / Average Volume 726.863 52W High 23 2/4 52W Low 10 ½ Earnings 1.17 with P/E of 11.54 Rated: HIGH MODERATE TO STRONG BUY: quote.yahoo.com December 10, 1998 NEOMAGIC CORP (NMGC) Quarterly Report (SEC form 10-Q)sec.yahoo.com Recent News and Information Items: Preferred Capital Markets, Inc. Reiterates Strong Buy Rating on NeoMagic (2/4/99)biz.yahoo.com NeoMagic(R) Multimedia Accelerators in Majority of Notebook PCs Using Intel's New Mobile Microprocessors -- Forty-one Models Using NeoMagic Embedded DRAM Technology Introduced This Week By Major Notebook PC Suppliers (1/28/99)biz.yahoo.com NMGC makes the multimedia accelerator for these computers Dell just sold. (2/12/99)techweb.com NMGC is named as to continuing to hold a sizable share of the mobile market here: (2/1/99)techweb.com “We allowed that, even if NeoMagic couldn't keep growing at 30% in a segment growing 12%-15%, its superb execution abilities gave us sufficient confidence that the company would successfully broaden its product portfolio by expanding into DVD, and would probably do so during the second quarter 1999. In our original piece, we alluded to a $30 price target by analyst Brian Alger of Preferred Capital.” (2/10/99)iionline.com Chart on RSI showing a buy signal based on it being depressed at the moment:tscn.com SI Thread link:Subject 14927 Let me know what you think if you get the chance. And by the way I do own the stock and am considering the purchase of 1,000 more shares. As always my deepest thanks and appreciation to you. Regards, Bill Fortune III