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i dunno why but it reminds me of chiquita bananas :P the 'graphics' is very hard to read.

The surrounding circle seems nice and gives the reel of embracing the text inside like a cocoon. The background color seems peaceful and it's warm like a cocoon would feel. The main problem i can detect is only the size of the word %22graphics%22 it's really difficult to read... You could try it a bit bolder or change the caps to make it easier to read even if some loose some typo shapes the legebility is more important.*I would say (that's only my personal taste speaking) it would be better to enchance the overall aspect a little bit more. If you are representing something related to graphics you should present some in the logo, maybe more colorsm maybe some shades or subtile fx... *keep up the good work!