SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 1)
NEOMAGIC CORPORATION
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(Name of Issuer)
Common Stock, $0.001 par value per share
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(Title of Class of Securities)
640497103
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(CUSIP NUMBER)
GREENLIGHT CAPITAL, L.L.C.
420 Lexington Avenue, Suite 1740
New York, New York 10170
Tel. No.: (212) 973-1900
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
- with copies to -
Eliot D. Raffkind
Akin Gump Strauss Hauer & Feld LLP
1700 Pacific Avenue, Suite 4100
Dallas, Texas 75201-4618
(214) 969-2800
November 17, 2003
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(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g) check the following box
[ ]
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934, as amended (the "Act"), or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act.
Page 1 of 8
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CUSIP No. 640497103 13D/A
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Greenlight Capital, L.L.C. 13-3886851
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,353,000
OWNED BY -----------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
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9 SOLE DISPOSITIVE POWER
1,353,000
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,353,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.4%
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14 TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
Page 2 of 8
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CUSIP No. 640497103 13D/A
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1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
David Einhorn
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,353,000
OWNED BY -----------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON WITH 0
-----------------------------------------
9 SOLE DISPOSITIVE POWER
1,353,000
-----------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,353,000
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.4%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
Page 3 of 8
AMENDMENT TO SCHEDULE 13D
This Amendment No. 1 to Schedule 13D (the "Schedule 13D"), relating to
shares of common stock of Neomagic Corporation, a Delaware corporation (the
"Issuer"), is being filed with the Securities and Exchange Commission (the
"Commission") as an amendment to Schedule 13D as filed with the Commission on
March 27, 2003 (the "Original 13D"). This Schedule 13D is being filed on behalf
of Greenlight Capital, L.L.C., a Delaware limited liability company, and its
affiliated entities ("Greenlight"), and Mr. David Einhorn, principal of
Greenlight.
This Schedule 13D relates to shares of common stock of the Issuer
("Common Stock") issuable to (i) Greenlight Capital, L.P. ("Greenlight Fund")
and (ii) Greenlight Capital Qualified, L.P. ("Greenlight Qualified"), of which
Greenlight is the general partner, and (iii) Greenlight Capital Offshore, Ltd.
("Greenlight Offshore"), for which Greenlight is the investment advisor.
Item 5 of the Original 13D is hereby amended and restated in its entirety as
follows:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As of November 20, 2003, Greenlight and Mr. Einhorn beneficially
own 1,353,000 shares of Common Stock of the Issuer, which represents 4.4% of the
Issuer's outstanding shares of Common Stock. Such percentage was calculated by
dividing (i) the 1,353,000 shares of Common Stock beneficially owned by
Greenlight and Mr. Einhorn as of the date hereof, by (ii) 30,611,371 shares of
Common Stock outstanding as of July 31, 2003, based upon the Issuer's Quarterly
Report on Form 10-Q filed with the Securities and Exchange Commission on
September 10, 2003.
(b) Greenlight and Mr. Einhorn, for the account of each of Greenlight
Fund, Greenlight Offshore and Greenlight Qualified, have the power to vote and
dispose of the shares of Common Stock held by each such entity.
The filing of this statement on Schedule 13D shall not be construed as
an admission that Greenlight or Mr. Einhorn is for the purposes of Section 13(d)
or 13(g) of the Securities Exchange Act of 1934, as amended, the beneficial
owner of any of the 1,353,000 shares of Common Stock owned by Greenlight Fund,
Greenlight Offshore or Greenlight Qualified. Pursuant to Rule 13d-4, Greenlight
and Mr. Einhorn disclaim all such beneficial ownership.
(c) The transactions in the Issuer's securities by Greenlight during
the last sixty days are listed as Annex A attached hereto and made a part
hereof.
(d) Not Applicable.
(e) November 18, 2003
Page 4 of 8
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 1 Joint Filing Agreement dated November 21, 2003, between
Greenlight and Mr. Einhorn.
Page 5 of 8
ANNEX A
Transaction Quantity Price per
Date Buy/Sell (shares) Share ($)
----------- -------- --------- ---------
11-17-2003 Sell 1,225,000 3.53
11-18-2003 Sell 100,000 3.25
11-18-2003 Sell 113,000 3.36
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Dated: November 21, 2003
Greenlight Capital, L.L.C.
By: /S/ DAVID EINHORN
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David Einhorn, Managing Member
/S/ DAVID EINHORN
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David Einhorn
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