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Technology Stocks : Silicon Graphics, Inc. (SGI)
SGI 90.15-1.0%3:59 PM EST
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To: Ove Hansen who wrote (3515)11/11/1997 3:28:00 PM
From: brushwud  Read Replies (1) of 14451
 
> I couldn't afford to hold on to my ESPP stocks long term - if I
> had I undoubtedly would have done so, and would have been here
> slagging off the lousy performance of the stock instead ;-)

You tell it like it is, brother. This is the middle of the traditional SGI employee selloff of ESPP shares: often the price drops 15% in the three weeks after shares are issued to match their discounted price. Maybe long-term holders can breathe a sigh of relief on Thanksgiving Day. SGI needs a permanent CFO with the gonads to commit cash to execute the stock repurchase program at less than half the price they paid before--even just a couple million shares.
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