NeoMagic Corp. acquired MercadoMagico.com.

NeoMagic Corporation develops, manufactures, and sells applications processors for the hand-held systems market. The Company markets its applications processors under the MiMagic brand name. It designs and delivers consumer electronic device solutions with semiconductors and software for video, television, imaging, graphics, and audio. Its applications processors are sold under the MiMagic brand name. It is developing and delivering solutions for audio/video processing of the dominant mobile digital TV standards, including integrated services, digital broadcasting - terrestrial (ISDB-T), terrestrial-digital multimedia broadcasting (T-DMB) and digital video broadcasting handheld (DVB-H). It delivers a suite of middleware and sample applications for imaging, video, and audio functionality, and provides multiple operating system ports. Its system-on-a-chip (SOC) processors include MiMagic 6+ Application Processor, NeoMobile TV, and MiMagic 8 Application Processor.