sobering reflection
posted on
Jun 09, 2005 06:32AM
a couple of years ago, a company called NeoMagic touted their new chip as revolutionary with applications in PDA`s and cell phones. Motley Fool put it on their top 100 list, and numerous articles praised this new chip and the POTENTIAL. The stock rose from $1 to $5 while many of the institutional owners sold off their holdings. Contracts were always ALMOST there. Now, the CEO has left and the stock is under 40 cents. Was it carefully orchestrated to get the long time institutions out at $4-$5? We will never know. But some of you are posting concerns that PTSC is bailing. And things look confusing. If this is carefully orchestrated to get Swartz out, won`t we all be PO`d? Those who talk to Jeff, say he seems to have integrity. The NeoMagic CEO did not. I am betting that Jeff has integrity and that we are going to sell additional licensing contracts.