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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 93.75

-0.6%

Dec 12 9:30 AM EST

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To: Jim Davison who wrote (4286)	2/4/1998 12:01:00 AM
From: Mathon Dabasir	of 14451

<<...the stock cannot trade with a PE of 100 forever.>> Jim, <imho> it's now a matter of "forward looking" earnings justifying an otherwise irrationally high P/E. A good example of this is QWST... which I'm quite happy to say I (Mathon what's his name?) -discovered and bought- at 42 btw (eh hem)... Price 73. P/E 1840. That's right 1-8-4-0!! Suffice it to say, everyone is betting on the future of this stock, 2 to 3 years hence. The better the story, the higher the P/E. And you're right, SGI will have one or two quarters to make good without too much downside... <<...stock's nadir will probably hit just before the ad campaign. Anybody guess when that will be?>> Adweek noted a mid-year debut. adios, Mathon ????

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