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Technology Stocks : Silicon Graphics, Inc. (SGI)
SGI 87.85-2.5%Jan 30 9:30 AM EST

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To: Jeff Maresh who wrote (1057)4/17/1997 9:13:00 PM
From: Irv Klein   of 14451
 
What worries me Jeff is that the stated backlog is down 30 million in this quarter from last. SGI could barely turn a profit this quarter with backlogs of 737 million. Whats gonna happen next quarter with backlog now only 709 million? It looks like more of the same problems we now see will continue or worse. Mr. Ed better figure out how to cut expenses so they are in line with revenues. How does anyone expect earnings to be $.60 next quarter thats ridiculous. If this baby drops to 13-14 tomorrow I dont think its smart to sell regardless, but any significant rebound may be a long time coming. By the way you referred to some cryptic comments Mr. Ed said last month. What were they?
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