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Technology Stocks : ATI Technologies in 1997 (T.ATY) -- Ignore unavailable to you. Want to Upgrade?


To: Marc who wrote (3385)5/11/1999 2:38:00 PM
From: Marc  Read Replies (1) | Respond to of 5927
 
NEW YORK -- Morgan Stanley Dean Witter analyst Mark
Edelstone downgraded his rating on Neomagic Corp.
(NMGC) Tuesday, citing the company's near-term earnings
risk.

In a research note, Edelstone said production constraints
and competition will impact Neomagic's near-term
earnings results. (He's probably talking about FORD, COKE, ALCAN as competition)

"We believe the company's inability to access
leading-edge DRAM capacity has enabled some
competitors to cut into its technological lead, which will
likely lead to a more aggressive near-term pricing
environment," he said.