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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 91.07

-0.9%

Dec 8 3:59 PM EST

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To: Bill Murray who wrote (3049)	10/14/1997 8:00:00 PM
From: Eli Lauris	of 14451

Bill, The sale by McBride occured back in July, a few days after Q4 results were announced. It's not clear from that report when the other sales took place. As has been pointed out on this thread, SGI gets 1/2 to 2/3 of its quarterly revenue in the LAST month of the quarter. Thus, if these sales occurred in July, there's no way they could have known what the whole quarter results would look like. The more likely explanation is the innocent one: i.e. the stock doubled from $13 to $26+ after the Q4 results were announced and it was a pretty good time to take some profits.

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