NeoMagic(R) Corporation Receives a Modification to the Unqualified Audit Opinion for Fiscal 2008 Financial Statements
25 Aprile 2008 - 11:41PM
PR Newswire (US)
SANTA CLARA, Calif., April 25 /PRNewswire-FirstCall/ -- NeoMagic
Corporation (NASDAQ:NMGC), a leader and pioneer in developing and
delivering low-power solutions for multimedia-rich mobile phones
and handheld devices, announced today that, as required to be
separately disclosed under applicable NASDAQ rules and as included
in NeoMagic's Annual Report on Form 10-K, the audit report from its
independent registered public accounting firm, Stonefield
Josephson, Inc., on the Company's consolidated financial statements
for the fiscal year ended January 27, 2008 was modified by adding
an explanatory paragraph for a "going concern". Further information
regarding the going concern modification can be found in NeoMagic's
Annual Report on Form 10-K, which was filed with the Securities and
Exchange Commission on April 24, 2008. About NeoMagic NeoMagic
Corporation delivers semiconductor chips and software that enable
new multimedia features for handheld devices. These solutions offer
low power consumption, small form-factor and high performance
processing. The Company demonstrated one of the first solutions
used for H.264 video decoding in a mobile digital TV phone, and is
developing and delivering solutions for audio/video processing of
the dominant mobile digital TV standards, including ISDB-T, T-DMB
and DVB-H. For its complete system solution, NeoMagic delivers a
suite of middleware and sample applications for imaging, video and
audio functionality, and provides multiple operating system ports
with customized drivers for the MiMagic product family. NeoMagic
has a strong patent portfolio that covers NeoMagic's proprietary
array processing technology. Information on the Company may be
found at http://www.neomagic.com/. (Logo:
http://www.newscom.com/cgi-bin/prnh/20020802/NMGCLOGO) NeoMagic and
the NeoMagic circle logo are registered trademarks, and MiMagic and
NeoMobileTV are trademarks, of NeoMagic Corporation. All other
trademarks are the property of their respective owners. NeoMagic
disclaims any proprietary interest in the marks and names of
others. http://www.newscom.com/cgi-bin/prnh/20020802/NMGCLOGO
http://photoarchive.ap.org/ DATASOURCE: NeoMagic Corporation
CONTACT: Steve Berry, Chief Financial Officer of NeoMagic
Corporation, +1-408-988-7020; or Erica Mannion, Investor Relations
of Sapphire Investor Relations, LLC, +1-212-766-1800, for NeoMagic
Corporation Web site: http://www.neomagic.com/
Copyright
Grafico Azioni Neomagic Corp (MM) (NASDAQ:NMGC)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Neomagic Corp (MM) (NASDAQ:NMGC)
Storico
Da Giu 2023 a Giu 2024
Notizie in Tempo Reale relative a Neomagic Corp (MM) (NASDAQ): 0 articoli recenti
Più Neomagic (MM) Articoli Notizie