SA News • Sep. 24, 2008
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Sep. 24, 2008, 3:01 PMNeomagic (NEOM) has announced that it has given up trying to raise capital and terminated all remaining employees. It will liquidate assets to benefit creditors and doesn't expect anythiing to be left over for shareholders. Quite a sad end to a company whose shares peaked in 1997 at $125; today they are down to negligible value. | Comment!
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