from investors hub
posted on
Oct 06, 2006 09:07AM
where have we heard this before:
Emit - as far as getting on another exchange they thought about AMEX but decided against it because at that time they did not meet one requirement.
NYSE was talked about and obviously the NASDAQ - It has been mentioned to some key people that while they are comptemplating an aquisition they might want to look at a listed company such as NMGC.
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NeoMagic Corporation delivers semiconductor chips and software that enable new multimedia applications for handheld devices. The company develops and delivers solutions for audio/video processing of mobile TV standards, including ISDB-T, DMB, and DVB-H. It provides multiple operating system ports with customized drivers for its MiMagic product family. In addition, the company has developed a suite of middleware and sample applications for video and audio functionality. NeoMagic has a patent portfolio of 22 patents that cover its proprietary array processing technology and embedded DRAM technology. The company sells its products to manufacturers of mobile phones and other handheld devices worldwide. NeoMagic was founded in 1993 and is headquartered in Santa Clara, California with additional research and development centers in Israel and India.
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I do not know if they approached the company but NMGC has had a price surge - it is a growing company, handles a patent portfolio and is listed on the NASDAQ already.
http://biz.yahoo.com/prnews/060915/sff034.html?.v=56
I think it could be a good fit for both companies!
PTSC has the cash NMGC has a product line they are building and revenue stream!