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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 93.78

+1.7%

Jan 9 9:30 AM EST

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To: Fan Jiao who wrote ()	4/19/1997 10:34:00 AM
From: Natty	of 14451

Given the (painful) slide of 4.125 on Friday, I took the time this morning to poor over SGI's recent financials in the same manner I treat a new investment; something I have not done with SGI since the purchase of MIPS [nothing like an 8K drop in one's portfolio to get your attention]. I have come up with a book value figure of approximately $8.00 /share. and a P/E figure of approx 14.0 [based on close of 12 7/8 on 97/04/18]. I have not completed all my calculations, but a downside of $10.00/share is not impossible. How do these observations align with those made by others on this thread? Given that a purchase opportunity is upon us [at a price not seen in years], I am planning on placing a buy on Monday for 2-5k shares and am trying to determine if I should place a single standing order at $10.00 in anticipation of additional downside [ie what is the possibility that this downward momentum will continue] or if I should place staggered orders starting at market [or around $12.00]? Just fishing for additional information and other views as I continue by DD. Natty

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