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Technology Stocks : Silicon Graphics, Inc. (SGI)

SGI 93.81

-0.5%

3:59 PM EST

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To: dd who wrote (4426)	2/20/1998 7:13:00 PM
From: brushwud	Read Replies (3) of 14451

I found the complete 10-Q at the SEC site: sec.gov It says Ed McCracken received a $3.25 million severance payment and refers to 3 million options in Rick Belluzzo's offer letter and describes an up-front payment to him of $1.25 million for an annuity and a "shortfall" payment of up to $10 million he will get if the options don't become worth that much. It was signed by an acting Chief Accounting Officer, which suggests than Dennis McBride has left the company as well as Tom Oswold. Apparently no more shares have been repurchased since last quarter, but they bought calls on 3.5 million shares.

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