Silicon Graphics, Inc. (SGI) Message Board

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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: Susan Saline who wrote (9551)	11/9/2001 12:27:28 PM
From: Don Green	Read Replies (1) of 14451

SGI Latest Annual Report is certainly a sign of cost cutting. I do like the impressive looking hurricane shown on the SGI Reality Center 3300W wall display sgi.com. In the Form 10K included with the report on page 16, Risks That Affect Our Business It states "Given of our credit rating, if we should need to obtain short term borrowings, there can be no assurance that such borrowings would be available or could be obtained at reasonable rates. The Inability to obtain such borrowings could have a material adverse impact on our operations, financial condition and liquidity." New York Stock Exchange Listing: The Listing rules of the NYSE generally require that listed securities trade a minimum, share price of $1.00 per share when average over 30 trading period. On August 1, 2001, SGI was notified by the exchange that it was not in compliance with this criterion and requiring that this failure to meet the listing standards be addressed prior to Feb 14,2002. If common stock price fails to rise above this minimum threshold and if SGI fails to take action, such as a reverse stock split, to address this issue, the common stock could be delisted from the exchange, which would impair the liquidity available to holders of the common stock.

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