Kamran Elahian Receives Prestigious 'Entrepreneur of the Year(R)' Award

Chairman of NeoMagic, Centillium, Planetweb, and Schools Online Named

'Master Entrepreneur'

Jul 06, 1999, 01:00 ET from NeoMagic Corporation

    SAN FRANCISCO, July 6 /PRNewswire/ -- Today in a joint announcement,
 NeoMagic Corporation (Nasdaq:   NMGC), Centillium Technology Corporation,
 Planetweb Inc., and Schools Online, announced that Kamran Elahian was named
 "Master Entrepreneur" at the Northern California 1999 Ernst & Young
 Entrepreneur of the Year Awards, held recently in San Francisco, California.
     Now in its thirteenth year, the Entrepreneur of the Year awards are
 determined by an independent panel of judges, who choose award recipients from
 the Northern California business community in seventeen categories.  The
 program honors and recognizes entrepreneurs who have demonstrated excellence
 and extraordinary success in such areas as innovation, financial performance,
 and personal commitment to their businesses and communities.
     Mr. Elahian has been a member of the founding teams of seven Silicon
 Valley companies within the last twenty-two years.  He currently serves as
 chairman of the boards of directors of NeoMagic Corporation, Centillium
 Technology Corporation, and Planetweb Inc.  He is also founder and co-chair of
 Schools Online, a non-profit organization that has brought Internet access to
 over 5,000 schools in disadvantaged areas in the U.S. and abroad.
     "Seventy-eight percent of leading Americans who participated in a recent
 Ernst & Young survey indicated that entrepreneurship will be 'the defining
 trend of the business word in the 21st century,'" observed Mike Hildreth,
 partner and Pacific North West leader of Entrepreneurial Services at Ernst &
 Young LLP.  "Kamran Elahian received the award in the master entrepreneur of
 the year category for the excellent management he has demonstrated throughout
 his career," he added.
     Commenting on the award, Mr. Elahian observed, "Entrepreneurship is about
 making your dreams come true.  It's about change, and finding the
 opportunities that come from change."  Continuing, he added, "My professional
 life is dedicated to the technologies that bring people together, through
 mobility and communications.  I view the emergence of the Internet as a
 prelude to borderless, free, global communication and trade, where the whole
 world can become our village.  I consider Schools Online to be one of my
 greatest challenges.  My dream is for every student to have access to the
 Internet:  communicating, working, and studying with students in other
 countries all around the world.  Think of the possibilities."
     Founded and produced by Ernst & Young LLP and nationally co-sponsored by
 USA Today, CNN Financial News and CNN, the Nasdaq-Amex Market Group, and the
 Kauffman Center for Entrepreneurial Leadership at the Ewing Marion Kauffman
 Foundations, the Entrepreneur of the Year awards are sponsored locally in
 Northern California by Bowne, The Citibank Private Bank, Curran & Connors,
 Edelman Public Relations Worldwide, Marsh Inc., KICU-TV Channel 36, Prudential
 Securities, Inc., and The San Francisco Business Times.
     About NeoMagic
     NeoMagic Corporation, based in Santa Clara, California, has pioneered the
 integration of DRAM, complex logic, and analog circuits into single-chip
 solutions.  The Company's proprietary MagicWare(TM) technology increases
 performance while reducing power consumption, by eliminating the need to drive
 signals off-chip to discrete memory.  NeoMagic's multi-market strategy focuses
 on applications that benefit from mobility, small form factor, battery life,
 and performance enhancements, and provides value-added semiconductor solutions
 for mobilizing the capture, storage, access, and playback of digital
 multimedia content for the Internet age.  NeoMagic Corporation has been
 awarded honors by the Fabless Semiconductor Association for the past three
 years:  In 1996, as the industry's "Most Respected Private Fabless Company;"
 In 1997 and 1998, as the "Best Financially Managed Fabless Company." NeoMagic
 may be contacted on the World Wide Web at www.neomagic.com.
     About Centillium Technology
     Centillium Technology is a communication solutions company dedicated to
 delivering high-speed Internet access to bandwidth-hungry businesses and
 consumers.  The company designs and markets Digital Subscriber Line (DSL)
 chipset solutions for central office equipment, DLC line cards, and customer
 premises equipment.  Centillium's chipset family is the industry's highest
 density, lowest power dissipation solution available to networking equipment
 manufacturers today.  Additional information is available at
 www.centillium.com.  For sales information, contact Dori Braun at 510-360-5070
 or Al Gharakhanian at 510-360-5054.
     About Planetweb, Inc.
     Founded in 1996, Planetweb, Inc., develops Internet software products and
 services for consumer electronics devices.  Planetweb's suite of products
 includes a powerful World Wide Web Browser, Applications, System Software,
 Portal Technology and multimedia Java Technology.  Already ported to multiple
 platform categories, including screen phones, video game consoles, video
 phones, wireless home networking systems, set-top boxes, and embedded
 reference designs for DTV (digital TV) and DVD, Planetweb(R) software has been
 shipped to manufacturers globally.  Based in Mountain View, Calif., Planetweb
 also has an office in Tokyo, Japan.  For more information about Planetweb
 visit the Company's Web site at www.planetweb.com.
     About Schools Online
     Schools Online is a 501(c)3 public benefit organization.  Its mission is
 to help ensure that all schools have effective access to the communication and
 information resources of the Internet.  The organization donates Internet
 equipment to schools and facilitates teacher training and support.  Since
 May 1996, Schools Online has helped more than 5,000 schools in 45 states and
 17 countries gain online access.  Schools Online may be found on the Web at

SOURCE NeoMagic Corporation