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 www.schoolsonline.org.
SOURCE NeoMagic Corporation