January 26, 2010 (FinancialWire) — NeoMagic Corp. (OTC: NMGC) has named Syed Zaidi as its president and interim chief executive officer.  Zaidi will succeed Douglas Young who served as president and CEO and as a member of the board of directors of NeoMagic Corp. for the past four years.

Zaidi has been the company’s chief operating officer and a member of its board since 2007. He formerly worked at Sierra Semiconductor, where he was responsible for systems engineering of Multimedia products. Aaidi also served at Raytheon (NYSE: RTN), where he too worked in multimedia semiconductors for graphics development.

California-based NeoMagic designs and delivers consumer electronic device solutions with semiconductors and software offering new product functionality for video, TV, imaging, graphics, and audio.

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