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Technology Stocks : Silicon Graphics, Inc. (SGI)
SGI 90.05+0.3%12:59 PM EST
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To: Jeff Maresh who wrote (1193)4/23/1997 6:37:00 PM
From: Marc Schiler   of 14451
 
>While most shareholders are trying to shove McCracken out the door, I >applaud his efforts for strategic planning. Sure it hurts >profitability short term but positions the company well for the long >haul. Personally I avoid companies that are only short term minded. >They eventually lose to companies that have the guts to make tough >long term decisions.

Wait a minute. Five quarters of successive disaster no longer qualify as "short term," especially given the glowing prospects stated after the last quarter's disaster about how good this quarter would be (backlog, etc.) and nothing to show for it. It's not a question of guts, it's a questions of credibility. It takes guts to say that you're not doing so well, and take the responsibility for it.

I am glad you think it wise to avoid companies that make a profit. I'm not sure why it's wise.

Please let me know which quarters made a profit under the current management. Were there any? Were they momentum from previous decisions? You think I'm just an investor and should disappear. But companies that lose money sometimes disappear. Their employees and product lines will be bought by someone else and will survive, but the upheaval isn't pleasant.

Sorry. I just found the tone of your response somewhat condescending. I really do want to know substantive facts about management. The one thing which seems consistent in the thread is that McCracken is well liked.
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